金融英语试题- FECT-(4)

会计考友

　　11. The federal funds rate is the interest rate ______.
　　A. on overnight loans of reserves between banks
/ o2 ?' p$ L8 Q' S, A6 U! e! d0 X  N　　B. the government pays when borrowing from banks
- m: t) p. n0 \! ^! q4 g　　C. on government debt
& W1 I" `- ]% _- I　　D. both A and B
　　12. A consumer's indifference curve shows ______.
5 b+ R9 P) }$ }( S+ r  t9 h( X　　A. all combinations of two products that a consumer can use
$ n& Q. n  e6 r6 d! ^　　B. all combinations of two products that yield the same total satisfaction to the consumer
* o4 ~: y0 Q+ }　　C. all combinations of two goods that the consumer can purchase with disposable persona income
　　D. equal income for consumption
　　13. The value of any investment is found by computing ______.
　　A. the future value of all future expenses
　　B. the future value of all sales
# m% Z- N2 y; h& h　　C. the present value of all future liabilities
: y, h2 w; {3 a. h　　D. the present value of all cash flows
　　14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
　　A. always consists of central-bank liabilities
" c7 C" \9 z/ ?7 r$ U5 n　　B. always consists of assets that can serve as commercial bank cash reserves
　　C. always consists of gold coin
+ X5 s8 L3 s7 t+ N9 q　　D. must be a "fiat" money
　　15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
) ?; l& H3 h; d2 m　　A. chronological
　　B. term
- ?5 \0 e* S# Q* R' U0 j5 U　　C. risk
　　D. liquidity
　　16. An example of an investment pool is ______.
" k9 y6 Q0 K& `8 p　　A. a savings and loan association
; h1 V5 W( V& F7 V5 d; V　　B. a life insurance company
　　C. a finance company
　　D. a mutual fund
　　17. Sustained downward movements in the business cycle are referred to as ______.
　　A. recessions
　　B. economic recoveries
　　C. inflation
　　D. expansions
9 z7 ^. g$ F) F3 [; s　　18. _____ offers a wide spectrum of personal services to wealthy clients who may have little knowledge of how to handle their own financial affairs or who are too busy.
　　A. A private bank
3 ?$ X/ r( ~! T  V　　B. Private banking
0 \4 M( I9 Y. }" K2 y+ Q& @9 o7 Q  A　　C. Personal banking
( ]) V- @, z+ P3 M　　D. Retail banking
, N) A' H; ?6 L　　19. Which of the following can be described as involving direct finance? ______.
7 x- p& D4 l7 ]0 a+ v4 m& u　　A. A pension fund manager buys a short-term corporate security in the secondary market
　　B. People buy shares in a mutual fund
2 A6 @( I4 T: \' }$ s. s2 |　　C. A corporation issues new shares of stock
　　D. An insurance company buys shares of common stock in the over-the-counter markets.
- e8 H' I+ O( Z+ L9 M　　20. A call option gives the owner the right to ______.
　　A. sell the underlying asset at a fixed price
　　B. buy the underlying asset at a fixed price
0 g: X! @5 `9 Q$ l" Z& x9 a9 t) ~　　C. convert the underlying asset at a fixed price
　　D. take delivery of the underlying asset at a fixed price