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 .
& v4 c0 k8 l5 m4 V　　A. balance sheet and income statement
; _# F+ ^2 E; \" Y　　B. income statement and statement of cash flows
　　C. balance sheet and statement of owners' equity
　　D. all of the above
; ?5 a1 L( B% O) W. j3 {　　2. Which of the following is an example of off-balance-sheet financing______.
* z1 J3 C  i- J: y/ F9 z　　A. Operating lease
　　B. Debenture bonds
. F) y' |, R- F! n* R/ ~$ U" A　　C. Current portion of long-term debt
　　D. Convertible bonds
% a5 x1 v5 P- _* L, H8 ]/ w) m( X3 z　　3. Borrowers can gain access to the surplus funds of savers ______.
　　A. by issuing securities to savers
　　B. through financial intermediaries
2 @" u+ P. W7 C7 I; e　　C. by purchasing securities such as stocks and bonds
- K6 q0 j5 O, F  X! Q　　D. all of the above
　　E. both A and B
$ o  q3 A5 E# j9 @2 _　　4. Which of the following assets are most liquid______.
　　A. High grade corporate bonds
$ d9 D# D5 N* q0 `: [　　B. Time" deposits
　　C. Stocks in General Electric Company
3 m1 P' |  ]* C8 s' w　　D. Passbook savings deposits
　　5. Secondary markets for securities .
( K) T; j5 {! b+ H+ g　　A. deal only in bonds
　　B. are markets primarily for the initial sale of new issues
. ?. \- r9 w$ |+ l) ]) ^　　C. are markets for trading in outstanding debts and equity claims
" R6 b/ e9 @* G* Z　　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.
' D, p& h: ]3 J9 P2 M0 \  L* o　　A. future value
* b8 t" b% T& H1 E　　B. present value
　　C. deflation
- i9 E7 C- |: i* v　　D. interest
, L0 s; O, F# c" l1 H3 X　　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
$ v/ I! I% s. F3 h　　B. Interest and dividends paid on foreign investment in China
2 l. O! m. X+ F: I0 o　　C. Interests on a Chinese bank deposit in the United Kingdom
) I* Q5 r2 S) o7 E" L　　D. An increase in foreign investment in China
　　8. Futures contracts can be ______.
- x' r& L" ?% Z　　A. used as protection against large price swings
- {$ `9 L+ a/ s0 B　　B. countered by an offsetting purchase or sale
" u7 ~5 d/ s; h$ L　　C. participated by hedgers or speculators
+ \8 X+ m- E" }+ M　　D. all of the above
　　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 ______.
" N) B% o! l* h! R　　A. you are able to obtain the necessary funds at a low nominal interest rate
' N0 G& U0 P1 c　　B. the investment does not affect your cost of production
( }( m4 H0 w5 Z9 q7 X" }( [  m& c　　C. the present value of future income exceeds the cost of the investment plus interest on any money that you must borrow
0 l. M+ j' e% y, C& l& H" j' S6 [. J　　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 .
. Y" I( j4 k1 L3 G　　A. more than doubles
　　B. less than doubles
　　C. doubles
7 F# s! d9 x5 x0 X7 R　　D. might do any of the above
　　E. more information is needed
# N6 B1 n( \* b( M5 k4 m6 R4 t　　11. Posting is the process of transferring information from the ______.
- u" `# Z7 }  j8 U- K, C  w　　A. journal to the trial balance
5 t- s2 z! x4 b. ?　　B. ledger to the financial statements
　　C. ledger to the trial balance
　　D. journal to the ledger
# ~3 @& R# R2 j+ F' @/ |　　12. A long call option is ______.
" J5 P& ~9 ?1 T　　A. the right to buy the underlying instrument
　　B. the right to sell the underlying instrument
　　C. the obligation to buy the underlying instrument
, P1 n0 w; N9 i% N! s" Y( x　　D. the obligation to sell the underlying instrument
& i4 N# \: N# [0 o; H　　13. Which of the following $1 000 face-value securities has the highest yield to maturity______.
　　A. A 5% coupon bond selling for $1 000
, p3 x& m$ _8 z　　B. A 15% coupon bond selling for $1 000
　　C. A 10% coupon bond selling for $1 000
. n1 l: l* [6 M' k: J! V2 q5 N( o　　D. A 15% coupon bond selling for $900
　　14. When the price of a bond is ______ the equilibrium price, there is an excess demand of bonds and the price will ______.
- I  _0 [5 f9 _　　A. above... rise
6 m8 ]# H6 d+ ^. u　　B. above... fall
　　C. below...fall
* }" K* ^4 c4 r3 ~* D4 h* @- K. z　　D. below...rise
　　15. Which of the following accounts is not closed______.
7 M, m& v0 R% C" ]* L* z0 ?* ]　　A. Supplies Expense
9 m( l0 _3 N$ |: x6 ]8 ?/ L　　B. Prepaid Insurance
5 d% J+ X2 u+ R) a8 m　　C. Interest Revenue
　　D. Dividends
1 ]8 Y' J# I: x4 ~% n0 I& c　　16. Which of the following instruments is traded in a capital market______.
$ W9 v. P* h. V$ j3 m; b# ?# r　　A. Bankers acceptance
　　B. S. Treasury Bill
　　C. Eurodollar
4 V: n6 V/ }# j+ o! V: F　　D. Commercial paper
　　E. None of the above
　　17. Which of the following is generally true of all bonds______.
+ c6 A  N8 u; L  N# P) K6 Y　　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