1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
/ B+ [3 G# ~+ b( E A. his voting rights are considered more important/ R3 W3 o0 f6 [7 ], n
B. he has the greater right in choosing the board of directors
5 T( p+ _1 _6 B9 {) [" r+ }0 O* A8 o C. he receives his dividend before the ordinary shareholder
2 p3 U- e1 b) X, S' I5 l6 c D. he has the right to buy ordinary shares more cheaply$ C/ l6 Y, [8 y3 h! R* X* D
2. What are the two major accounts in the balance of payments? ______.. j9 K9 k/ m" Q0 J- a" e9 o
A. Current account and fixed account
7 L- @3 {3 e7 }2 n B. Capital account and deposit account
" `1 _' e1 Q- ^3 b# N C. Capital account and current account& b1 r4 S: a# w) J
D. The account recording transfer payment and the account including an offsetting transaction: \! a$ J) X! a% o7 U! c6 [7 r$ L
3. Which of the following is not a financial instrument? ______., E7 [0 U- ] W! L7 {8 `
A. Treasury bills- z. u$ S _( f# U/ o
B. Real estate3 K( K! }5 o. g, F: A& {
C. Mortgages
4 w5 O7 W2 _7 e& s Z: z D. Stocks
5 k# _+ S- N) ?# A1 G+ h8 G 4. The yield to maturity on a bond is ______.
- D6 e$ t2 C. _4 i7 `% `" L A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium3 _2 N2 V# x, I) h% ~
B. the discount rate that set the present value of the payments equal to the bond price5 w- z( @6 k! w' k% p6 o6 r9 Z
C. the current yield plus the average annual capital gain rate9 J. z; p9 B: E
D. based on the assumption that any payments received are reinvested at the coupon rate
8 ?2 ^ O$ {( D; w& n" T9 ^# N 5. The annual interest paid on a bond relative to its prevailing market price is called its ______.; |, N3 `% A% b! N5 k! }
A. promised yield8 g/ A! X) L/ _$ }4 [0 N
B. yield to maturity5 e8 v/ t7 [& r. T
C. coupon rate
! b" a& h I, w! q D. current yield
. _% |5 N3 [! [' M1 x$ m 6. Rapid increases in the price level during periods of recession or high unemployment are known as .+ p0 A6 J0 _2 g$ M: e
A. stagnation
- M! H& _+ ]1 m. }" n4 k B. stagflation0 H- ~- S5 i2 }9 M$ Z5 k% j
C. slump
1 q/ G0 Y8 Y% D4 E* p1 n) N D. inflation2 ~+ ` u$ V- C' S% u5 b0 O
7. A person who left his/her job to look for another job would be classified as ______.# ^: E+ A) g% U9 P: A; I2 Q
A. structurally unemployed
8 u* |! q4 b, s/ n B. cyclically unemployed
/ M/ q" ?1 L, X( Q' J C. frictionally unemployed
& u. j, j4 r* ^! F& a D. no longer in the labor force
( S/ r& k8 k" K# D1 R 8. Which of the following is not included in a statement of owner's equity? ______.来源:
9 Q2 {. x3 ]8 S& q4 x8 b& e A. Net income
" C3 O. N H& U# q6 [ B. Unearned revenue1 h# t( {3 R9 u: h: L/ D8 {
C. Dividend C- }* e+ t3 U% d
D. Retained earning5 _4 q% L" K! g$ _' s h
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.' p+ g8 C _! A2 H/ p1 p
A. expansionary monetary policy and contractionary fiscal policy+ n( m' u: q0 J3 E- H$ I' t
B. contractionary monetary policy and expansionary fiscal policy
+ i; V( b% N& m1 i0 V C. expansionary monetary policy and expansionary fiscal policy9 M8 P9 z, g+ @0 G
D. ontractionary monetary policy and contractionary fiscal policy9 O8 T0 ]9 H1 a5 q; }% Q
10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
7 E3 {3 _( L! O9 { A. leisure...work2 l3 f% }7 i1 E, O* j
B. work...leisure6 a2 [9 q9 E' C9 d
C. work...of all of other goods$ M O8 _# y7 q/ j2 Q/ B' L$ i* R0 G
D. leisure...of all other goods |