练习 ：ChoosetheBestAnswer[3]

会计考友

　　1. The financial statements that are dated for a time period (rather than a specific time) are the .
+ x: P% o* ^: K4 Y　　A. balance sheet and income statement
　　B. income statement and statement of cash flows
0 z$ q& y) s4 E: A* O　　C. balance sheet and statement of owners' equity
　　D. all of the above
　　2. Which of the following is an example of off-balance-sheet financing______.
　　A. Operating lease
9 w3 o" [$ O& R　　B. Debenture bonds
　　C. Current portion of long-term debt
: o# q9 t  ?' ]8 [' B  v: B% I7 U　　D. Convertible bonds
/ @( F. b& Q& e　　3. Borrowers can gain access to the surplus funds of savers ______.
　　A. by issuing securities to savers
　　B. through financial intermediaries
# }: H0 ?+ n. g# P2 H　　C. by purchasing securities such as stocks and bonds
5 \4 B) E" T) v; ]+ @: b! G- `) D　　D. all of the above
/ X6 [% e- _. K　　E. both A and B
0 l6 Z: y$ I  m* l　　4. Which of the following assets are most liquid______.
　　A. High grade corporate bonds
6 K  \0 F2 v' u7 `1 _% V  [　　B. Time" deposits
) n" r6 E0 v* f: F0 S　　C. Stocks in General Electric Company
' `: w# {. c" u* Z; J0 j　　D. Passbook savings deposits
: ^" c2 `- s& q) X5 y# T　　5. Secondary markets for securities .
　　A. deal only in bonds
% `! b8 m) X* L  B0 p　　B. are markets primarily for the initial sale of new issues
　　C. are markets for trading in outstanding debts and equity claims
, W: V, Q' L% O　　D. are also called "investment banks"
　　6. The concept of ______ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today.
! ?. E2 u. @. l# L5 B6 o　　A. future value
  O, W2 m  }% {) Y6 f　　B. present value
( Y# j. X0 j7 t4 r　　C. deflation
　　D. interest
) S6 f; C. m+ r; G( K4 h　　7. Which of the following would not result in a credit entry in the China's balance of payments.
　　A. The sale of a piece of furniture to a business firm in Japan
9 f' E0 y7 R9 V. ?8 i) J　　B. Interest and dividends paid on foreign investment in China
+ a3 D/ W* c* t  i$ l! ~+ K( N　　C. Interests on a Chinese bank deposit in the United Kingdom
　　D. An increase in foreign investment in China
! r& L; \/ f$ g+ A5 z" ~% P　　8. Futures contracts can be ______.
　　A. used as protection against large price swings
　　B. countered by an offsetting purchase or sale
5 Z' D! `$ t0 a7 V　　C. participated by hedgers or speculators
. C0 r' S2 z2 \: L　　D. all of the above
: r* N; Z/ V' r! z2 S$ t　　9. Suppose that you own a business and are considering expanding your productive capital through an increase in investment spending. You will invest only if ______.
1 x- [. b- c, ]) o3 o　　A. you are able to obtain the necessary funds at a low nominal interest rate
　　B. the investment does not affect your cost of production
& H( [  a" o" L, R$ F5 K0 ?3 ^　　C. the present value of future income exceeds the cost of the investment plus interest on any money that you must borrow
　　D. you observe that your competitors are expanding their productive capital
　　10. If Y and V are constant, and M doubles, the quantity equation implies that the price level .
　　A. more than doubles
　　B. less than doubles
　　C. doubles
　　D. might do any of the above
" ~8 d, ?* X; Y6 T2 s　　E. more information is needed
  }7 R& N. h+ p7 z2 v; f3 o　　11. Posting is the process of transferring information from the ______.
4 G; M3 c1 g6 ^$ U7 I　　A. journal to the trial balance
　　B. ledger to the financial statements
　　C. ledger to the trial balance
　　D. journal to the ledger
* ]. z6 e% L- @- W　　12. A long call option is ______.
　　A. the right to buy the underlying instrument
　　B. the right to sell the underlying instrument
　　C. the obligation to buy the underlying instrument
　　D. the obligation to sell the underlying instrument
　　13. Which of the following $1 000 face-value securities has the highest yield to maturity______.
& S+ G4 e1 c" m% f% l0 B) L　　A. A 5% coupon bond selling for $1 000
　　B. A 15% coupon bond selling for $1 000
6 H, Q; _$ s- I4 t# [　　C. A 10% coupon bond selling for $1 000
1 e6 E; e( |* h) a8 g　　D. A 15% coupon bond selling for $900
( ^- |' m9 w4 I- U  ]% Z　　14. When the price of a bond is ______ the equilibrium price, there is an excess demand of bonds and the price will ______.
　　A. above... rise
　　B. above... fall
　　C. below...fall
8 B4 e# c5 K! y" R　　D. below...rise
　　15. Which of the following accounts is not closed______.
　　A. Supplies Expense
/ R2 g0 N. U" [" K$ u$ }8 z　　B. Prepaid Insurance
　　C. Interest Revenue
　　D. Dividends
( [2 Z! C  N4 T# Q( R  T7 B; C　　16. Which of the following instruments is traded in a capital market______.
2 O3 P6 U6 o' S8 l5 |8 _　　A. Bankers acceptance
7 H; ~" i4 m8 w- e9 ^) S　　B. S. Treasury Bill
! L) K+ i8 m# o　　C. Eurodollar
( }) F; X/ ^3 k; m　　D. Commercial paper
　　E. None of the above
$ C6 J; N3 r8 ]% a# ^8 X　　17. Which of the following is generally true of all bonds______.
　　A. The longer a bond maturity, the lower is the rate of return that occurs as a result of the increase in an interest rate