11. The value of money varies _____.$ ^! m8 {( Q8 B" D+ n. R
A. directly with the unemployment rate; h/ n! ~2 H' `3 R
B. directly with the price level
/ B4 x1 e( F5 a6 M C. inversely with the unemployment+ W0 h2 \' M: \/ g- K: A' V
D. inversely with the price level+ E+ F1 E! u: W1 P, z
12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.$ ^4 m3 k0 e% m0 r. K
A. the dollar has depreciated relative to the yen
* H# K; w& y- b8 i4 z B. the dollar can now purchase more yen: _ h- `+ o' v1 l; c
C. the yen can now purchase more dollars
8 V C! \7 O( H$ N/ e) [4 P& a# Q D. the US trade balance with the Japanese economy has improved- ^( j8 _) P a7 z3 }5 i4 z2 \
13. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.
' W2 K, X: s# j# J" b- ` A. price feedback theory) U7 ?+ c+ h7 Z
B. trade feedback theory0 i9 R4 u8 U, C% C, _4 }
C. purchasing power parity theory& k3 R9 I3 c+ z( h
D. J-curve theory
$ Y; \ B4 a, w% s 14. According to the optimal portfolio theory, where should portfolios lie? ______.! w% ~; r9 L. _4 e$ Q3 m; f
A. On the efficient frontier
5 t- c) ^+ l3 ~4 a* T B. Above the efficient frontier+ h$ u) ^0 K& d/ O+ x
C. Under the efficient frontier
" u4 C L- S- Q9 z# a# _ D. Anywhere, as long as the portfolio is diversified
4 ^' e- ]8 S, [! s6 Q 15. Which of the following is not a user of management accounting information? ______.4 B! B9 l3 D3 _5 b1 R" A
A. Store manager2 C W( F! X; c# a" `% x2 e
B. Creditor, E0 H; @& f R5 R; E, w
C. CEO
% {$ M% Q3 x, p( L+ Y9 {8 }1 p D. CFO6 u9 s! F& Y! y2 M- ^
16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.& o5 k9 U r, I) P1 C
Market Condition [0 v! d: d6 l: a
bear Normal Bull
4 v, T% A* m1 A/ W6 o/ |% D* o Probability 02 0.3 05
3 C) g1 @- [5 g9 ?. r8 W, `$ ^ Rate of return —25% 10% 24%7 w9 n% p9 k4 q$ J
A. 4%
6 d) I+ T+ M1 u- r- R+ { B. 10%2 s- _. V& |4 Q
C. 20%9 R4 g; u8 I$ S+ X7 _7 A% U
D. 25%2 S8 ?5 s4 K. ~0 e3 R6 x% `( O9 v
Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).
1 r' T5 L" a/ K8 w8 F5 d Bear Market Normal Market Bull Market9 F% k! K! x+ C$ R( x* L3 s
Probability 0.2 0.5 0.3
; i6 v, Y& s/ J) j3 k' D0 t- ? Stock X_ -20% 18% 50%
2 w1 Z1 C, F0 C! s Stock Y -15% 20% 10%' Y I( Y( G$ q) w: i
17. Financial markets serve to channel funds from ______.
; b/ a) t* ~# h* I A. the government to contractors( C. G G% _# q! `* I; x3 q- k# | \
B. investors to consumers* t4 `5 ]: R: h% b! l
C. consumers to producers$ P; a9 z8 _4 P* ~) {
D. savers to investors
, c2 ]1 B/ M# q1 M" N1 W. c 18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .
/ Q( _8 F; y3 a# b A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency
4 q+ X' |) o% S/ z1 n0 h B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations
. U1 ~% @5 L( K) W+ [3 S C. that prohibited governments from intervening in the foreign exchange markets
: ]1 N% T( M) A6 E/ ?. _ D. in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading
# h$ H' E3 B( \" o' A+ M' H 19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .
; `2 M5 A0 R/ U! G& Q1 K4 Z A. Assets are originally recorded in accounting records at their cost to the business entity8 ]0 {& u+ f5 ]$ y8 @0 `; G* l
B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion* ^: L) q& v K
C. Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market prices y/ D7 ~6 t' [" r5 @0 y
D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions# m1 W, [7 I, {+ B% i! m
20. A fiscal expansion in the UK ______ the pound sterling.
) R, H1 J1 X: l: N% A2 [' B4 ` A. tends to appreciate: K ]4 L0 n% \5 K8 I. G
B. tends to depreciate* s# `# X# ?$ T8 {7 Y4 W8 b% X; C5 x
C. does not affect the price of3 V# `8 d7 o! i3 H# W4 _
D. has no predictable effect on the price of
/ O' Z. f/ @7 S, Q: x 答案：" L% C8 R! i/ A) v6 H" M
1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B
9 A' d/ w) k" }) g( ?; @/ ] 11.D 12.B 13.C 14.A 15.B 16.B 17.A 18.A 19.D 20.A |
发表于 2012-8-16 08:05:44
