1. The financial statements that are dated for a time period (rather than a specific time) are the .1 u8 k8 H6 a |2 a# J
A. balance sheet and income statement
$ Y1 U& n& i. Z" d) G7 n( VB. income statement and statement of cash flows
& S3 Z% p3 [+ Z6 x" U2 p T" PC. balance sheet and statement of owners' equity) S0 a- i5 I+ J/ @
D. all of the above0 L5 W# P- `- | A
2. Which of the following is an example of off-balance-sheet financing? ______.3 }3 h; _% Q8 H
A. Operating lease1 h$ }. G8 ^3 s" c
B. Debenture bonds
3 D5 I) c% H" o3 h0 oC. Current portion of long-term debt
; e2 u6 |2 m5 U8 F7 Q/ ^D. Convertible bonds: L3 R' v" D& V/ M/ L* C" n* _
3. Borrowers can gain access to the surplus funds of savers ______.
8 t. W: K4 M" j( @6 A1 PA. by issuing securities to savers
/ v; c: |# u: X# [- m9 WB. through financial intermediaries6 t6 H2 D) F }6 ]! s
C. by purchasing securities such as stocks and bonds8 N9 k, X. |) b- q+ h8 U
D. all of the above! U. [6 |; Q4 _. t( b3 x
E. both A and B0 m0 }' Q! N6 O
4. Which of the following assets are most liquid? ______.. Y/ Y3 v$ C! D
A. High grade corporate bonds! S/ S) v+ T" @, t' `
B. Time" deposits
! ]# ^% |- p( x, S$ B+ m" W5 ~C. Stocks in General Electric Company
6 p+ r6 l% t1 l5 G2 e; }D. Passbook savings deposits1 x" |" P; b$ h4 J1 c, q
5. Secondary markets for securities .
* c2 R$ J1 J2 C; nA. deal only in bonds
/ ]0 \# j1 s h( bB. are markets primarily for the initial sale of new issues
" T4 |# p1 ]. ]2 h }: r( n9 `C. are markets for trading in outstanding debts and equity claims
4 _ c9 r) \8 D$ b3 W% QD. are also called "investment banks"
6 F1 O! Q+ r( L. F6. 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.* ?5 g9 x' |6 E7 F
A. future value2 Y2 h0 R, T' Q! s! Z
B. present value; ~( M" p# p! R6 k) ?9 z, a
C. deflation
1 \/ A6 l9 y+ m; F0 P) L9 ]8 U& \D. interest$ o) j1 v) j. M, v i' K c
7. Which of the following would not result in a credit entry in the China's balance of payments? .* }: [& E$ u- H9 B
A. The sale of a piece of furniture to a business firm in Japan$ ~& q3 e( ^+ w0 ]' M; O
B. Interest and dividends paid on foreign investment in China$ b8 J0 }8 {1 m& `" ~9 t; l7 e
C. Interests on a Chinese bank deposit in the United Kingdom
! \% p0 `0 q: @9 O6 LD. An increase in foreign investment in China1 X7 C; R6 G9 ^. E- Z4 H6 C
8. Futures contracts can be ______.
$ v1 Q6 Y& o/ g. rA. used as protection against large price swings. ]. ^! l( j; d0 U" d
B. countered by an offsetting purchase or sale l# u+ {) r. U4 k" ?" ^: S
C. participated by hedgers or speculators
! ]+ o2 v& K* H/ D' Y' q# AD. all of the above" L4 W* ^* F9 E" u* {9 M
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 ______.
2 W6 S9 I) K+ Z. J R( jA. you are able to obtain the necessary funds at a low nominal interest rate$ C2 H- O+ O# d7 \$ H
B. the investment does not affect your cost of production( D# W! B, ?! D
C. the present value of future income exceeds the cost of the investment plus interest on any money that you must borrow
$ J0 j" P2 V* R% e8 s& Y7 [D. you observe that your competitors are expanding their productive capital
; v9 q4 y+ h" j1 S4 Y/ W
1 T Q* B+ i: I" j10. If Y and V are constant, and M doubles, the quantity equation implies that the price level .
4 E% d! ^9 Q! i. I% BA. more than doubles( J. k: B; W* s- c9 C
B. less than doubles5 m$ L+ @) K8 }) X3 x
C. doubles8 b! S# u0 @: a
D. might do any of the above
. ]" c' W/ p! M: T1 AE. more information is needed
! W( U1 h. S O. X, [3 M+ v11. Posting is the process of transferring information from the ______.3 e( W' r# v4 U) u% k w; H
A. journal to the trial balance: }* H# l- n) u
B. ledger to the financial statements; W3 K0 s; f8 K+ s3 V6 t
C. ledger to the trial balance* K# a! O3 P( A+ j
D. journal to the ledger6 C( `. S2 @; L9 X
12. A long call option is ______.
6 H" V7 G, ~/ F. k8 [A. the right to buy the underlying instrument) g$ g" {6 L) K( V2 J8 T- V
B. the right to sell the underlying instrument; {6 d3 h4 M4 }" s( @) a
C. the obligation to buy the underlying instrument
6 y1 @1 d& W9 m+ C/ w6 e+ GD. the obligation to sell the underlying instrument# S: p9 \! _- T, v6 H$ O/ }2 Y- B" d
13. Which of the following $1 000 face-value securities has the highest yield to maturity? ______.
; {$ N+ z, C+ ?) ]A. A 5% coupon bond selling for $10000 \6 w# V$ ?# u) C
B. A 15% coupon bond selling for $1000" t" k# ]$ f" a* y# X7 `
C. A 10% coupon bond selling for $1000
* ]# [, y9 }; Y& L1 }1 ]% C2 t* F# oD. A 15% coupon bond selling for $900
; X" K! P* y! J7 `* s6 v14. When the price of a bond is ______ the equilibrium price, there is an excess demand of bonds and the price will ______.
, Y, g- k/ Y4 |* IA. above...rise& t0 I! x% c6 i0 `! ]
B. above...fall
0 F$ A% \2 R, j7 tC. below...fall* V& L" ~) m2 S- I( _
D. below...rise' [$ S; k! x6 j" i. M4 g
15. Which of the following accounts is not closed? ______.- g2 \' u6 C9 {# D
A. Supplies Expense
7 f+ ?4 M$ t) g `B. Prepaid Insurance, J9 F$ M$ N2 h$ `& j, Y
C. Interest Revenue$ w" r1 ~* C$ c' G% k; H4 Z
D. Dividends" O( \0 G1 D8 Q
16. Which of the following instruments is traded in a capital market? ______.1 D, n5 \' p4 [/ m- Y
A. Bankers acceptance
}/ Q6 M/ ` f1 a. O. MB. S. Treasury Bill
: U- ~4 o" R4 c4 o& @0 Z) L6 V& a) [C. Eurodollar4 ]8 z/ ^2 Z7 T& v& M. o3 v
D. Commercial paper
- C9 m7 j" Y A" k: [E. None of the above; V) H) g9 M6 @! y) k
$ o7 X$ \( D- |5 w
17. Which of the following is generally true of all bonds? ______.
K8 \- Z) G' z! C4 m3 NA. The longer a bond maturity, the lower is the rate of return that occurs as a result of the increase in an interest rate/ f6 Y3 k7 w& P3 M* N: \
B. Even though a bond has a substantial initial interest rate, its return can turn out to be negative if interest rates rise
% m2 k) j( ?6 G' J' f1 F, ]; JC. Prices and returns for long-term bonds are more volatile than those for shorter-term bonds |
发表于 2012-8-16 08:05:44
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