11. Which of the following is a determinant of asset demand? ______.3 h7 i; @6 h9 J g, e
A. Expected return1 r& h$ A$ \( d* m% S' m3 M# i9 L
B. Risk0 l5 e$ a/ D! a& ?5 v3 Y
C. Liquidity4 U' U7 p/ ?2 v2 n( N O, U$ _
D. All of the above" N; I* G$ u# k
12. Which of the following items are reported as a current liability on the balance sheet? ____.
7 {2 l& f; R" t9 {" [ A. Short-term notes payable" K2 ^% ?! K' n
B. Accrued payroll taxes! |& y3 f. [7 O+ R! `2 z
C. Estimated warranties
% i$ m9 i) ?- Y' [ D. All of the above* M" |: d$ n8 M. @: N2 D2 l
13. Which of the following is not true of fiscal policy? ______.* f0 c/ I1 D+ I
A. Time lags occur with fiscal policy.5 g, F9 {& s4 |2 d* F
B. Automatic stabilizers help the economy.
0 D; }, |; H' c0 O7 _$ I- U! P; m C. "Crowding out" is not a problem of fiscal policy.
- ^/ K$ E A6 o9 ^+ v9 y S' {" y D. None of the above.7 [1 @; C6 d8 v0 j: K( u* b
14. What distinguishes the mortgage markets from other capital markets? ______.
' a; X" N6 z8 u" T& x' F A. Securities in the mortgage markets are collateralized by real estate
2 |9 [8 }3 R6 L6 B, A B. The mortgage markets usually involve long-term funds
) E, t% Q$ X! ? C. Borrowers in the mortgage markets include individuals and businesses# J7 E& }2 P" C2 h
D. All of the above1 W$ r5 f) r0 q4 I/ Q- X. f5 C
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.8 m# p/ H$ g# l& W: U" ]: O
A. withdrawal
* a9 b7 l% `1 q" e0 u B. liquidation- K, O. @) K8 ?" |% F$ \9 k6 D S
C. acquisition+ i# l, n3 @2 T1 ]
D. dissolution
5 K1 [$ r4 w, N" `% p% A 16. When an investor is buying stock as an investment, the value of most direct concern is .% x+ w2 y+ o. o. f3 l6 Z. L
A. par value
; k) S. D, B2 z) ^: m9 ] B. liquidation value3 s9 V# C( X' e _* {
C. market value8 |9 L# o# M) ^( d; o$ }6 R. K) s# p* t
D. book value" C7 d0 @& u( u+ U8 Z
17. Autonomous transactions are ______.3 A( A; m+ l. j ^0 l% {% u
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market
9 G; w8 F0 T0 t B. transactions that are not undertaken in the pursuit of commercial profit+ T' J% a8 r9 {' e: v$ m* R
C. transactions undertaken for normal commercial motives( n* X4 j, P/ [9 ?% S0 K
D. none of the above# o+ _, H! x& b5 X8 G5 K1 E8 n
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings .
a( k- |# C; D2 | A. increases...decreases...decreases
) z3 ?8 |2 H, r7 _+ G B. increases...increases...increases+ H3 p" B) j) j; {! ?; b
C. decreases...increases...increases7 ?0 u$ X d, U9 }! I4 R
D. decreases...decreases...decreases
# C$ T/ T4 M, @9 S2 s 19. A successful company's major source of cash should be ______.: f. S/ C: b3 V) |. {
A. operating activities
- f: Z. n. c0 I7 E( l- w B. financing activities
6 g2 x2 |3 W8 L0 f C. investing activities! ^$ f. h0 N6 U# `( k1 j
D. a combination of the above
- o8 Z1 d5 v% |( {( O) ~! | 20.The price index in 2002 was 160, and in 2003 the price index was 168. What was the inflation rate? ______. Y+ M) T# T6 ?+ d! i3 e2 _
A. 68%
! G9 c- e5 i& E2 m1 |) f- H; }# x B. 8%, P! w# H6 \' Y0 h& f$ K7 a, ^: G* {* {
C. 5%
. T4 m6 W- i6 E" g. p: Q D. indeterminable without knowing the base year |
发表于 2012-8-16 08:05:44
