金融英语试题- FECT-(6)

会计考友

　　1. Commercial paper ______.
$ Z7 N0 v* Q9 H/ m) w　　A. is issued mainly by commercial banks
) z$ _" G$ V* F$ U0 R, h1 d　　B.can be either short or long-term debt
% |, m0 n4 S" o. g1 X　　C. is most typically issued in very short maturities, such as one or two months
! w% Z9 W+ J# h, {! x3 b　　D. ought to be considered a capital market instrument
　　2. The expectations hypothesis assumes that investors regard bonds of different maturities .
　　A. as perfect substitutes
& a6 Z6 g$ _- S　　B. as not substitutes at all
　　C. as substitutes, but not perfect substitutes
　　D. none of the above
% S6 ]8 l  {; T5 D　　3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
　　A. 0.05
　　B. 0.5
　　C. 5
/ h7 q% i: E5 s7 w( |　　D. 50
　　4. Liquidity of a business is measured by ______.
　　A. the rate of return on owner equity
; a' r1 i8 m- H6 f3 C8 g' w　　B. the ratio of total revenue to total expenses incurred
　　C. the ratio of current assets to current liabilities
　　D. the ratio of income to costs
1 a# M0 X  d+ j　　5. Which of the following is an example of an automatic stabilizer? ______.
　　A. A change in interest rates
　　B. An increase in government spending
/ h) ^7 \' w  L+ O) R( J: s　　C. Lowering income taxes
　　D. Unemployment insurance
　　6. Which of the following definitions fits depreciation? .
% M1 E6 P) q* V" a　　A. Allocation of the asset's market value to expense over its useful life
1 @3 L' d/ h. ^) h! P; K% @　　B. Allocation of the asset's cost to expense over its useful life
* F6 `9 R" i1 F. l: u3 T- o　　C. Decreases in the asset's market value over its useful life
　　D. Increases in the fund set aside to replace the asset when it is worn out
2 F7 W' M8 f: _- q; f　　7. In the balance of payments accounts, ______ are unilateral transfers.
　　A. direct investments in another nation's businesses
) l# i2 `" X. d　　B. international transactions in securities with maturities greater than one year
　　C. international transactions of securities with maturities of less than one year
　　D. gifts and grants
　　8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
　　A. a money market mutual fund
$ ]/ p  N9 S0 j6 i4 B1 g6 U　　B. a time deposit
　　C. Keogh Plan
% u7 j* ]1 ]4 z; g: ~  ?　　D. a money market deposit account
　　9. The central problem in economics is that of______.
- l3 ^( n. v( f& \8 s- w/ D) H4 K　　A. comparing the success of command versus market economies
　　B. guaranteeing that production occurs in the most efficient manner
　　C. guaranteeing a minimum level of income for every citizen
* e. \9 P8 C1 R+ S: N' J% B　　D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
　　10. Which of the following is the most accurate measure of a bond's interest rates? ______.
" J& u' F" p5 t* {" h　　A. Coupon rate
　　B. Yield to maturity
　　C. Current yield
, [4 f' P! \7 z: J6 ]* ^　　D. Discount yield