11. The value of money varies _____.: G/ l8 L/ J, `; q/ }2 X4 R" T
A. directly with the unemployment rate
. G A* B; e/ \$ I B. directly with the price level
& w3 `: S+ X; D: P7 v C. inversely with the unemployment
* T& d. |& |2 b& W5 J: P! {* n D. inversely with the price level
" }+ }8 g9 j3 U5 \0 Q! e 12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.( Q5 |6 C2 y; ?7 P$ y) d J
A. the dollar has depreciated relative to the yen
2 w3 Y! h, ?8 Y1 R B. the dollar can now purchase more yen
7 ^* Z! o; A5 g% a7 V( q; O C. the yen can now purchase more dollars
9 K# @; U+ k- } D. the US trade balance with the Japanese economy has improved8 u9 O7 ^- m0 T2 n9 A
13. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.9 k3 v* @4 G' H% z1 E7 u
A. price feedback theory, ~8 h" @' Z/ E a, o
B. trade feedback theory
) P9 Y5 M0 y' L- f3 Y5 o- L5 K C. purchasing power parity theory
, J; }% y) y9 T0 h8 Z5 X2 W7 ^' K D. J-curve theory
4 x" `0 y9 z1 I, e8 ?& F' N 14. According to the optimal portfolio theory, where should portfolios lie? ______.
8 `1 }( G) o' p A. On the efficient frontier
) G0 j9 a( k, k$ Q B. Above the efficient frontier
4 |3 o$ A) y) d) A: c4 g# f. T. P4 ` C. Under the efficient frontier5 k- }! R* Y N3 m4 ?$ b0 O6 o
D. Anywhere, as long as the portfolio is diversified1 l8 M" \ J$ m3 W# F: Q( q
15. Which of the following is not a user of management accounting information? ______.
6 v, H% J, _3 k; q) | A. Store manager! h* m# s2 V1 v. b- P; a4 x
B. Creditor
^0 c5 j, W: s4 d; L1 |' M7 x C. CEO
* B3 q8 ?, @1 R- b' o. c# U' [ D. CFO9 t O+ N: G- ~: |' |( B
16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.1 I6 x! }% _7 @& ^/ N4 O& @; `
Market Condition3 q$ j8 I. l& }% J* ` `( \- Y7 C
bear Normal Bull* m$ S; E: |6 H; |8 Q ]
Probability 02 0.3 05 S3 o: o, X1 J2 n3 j
Rate of return —25% 10% 24%
^4 Y7 f( [" H c1 O A. 4%
. X: ~& y4 D) |) e3 U- I+ O6 w B. 10%# Q) n( u3 L& c
C. 20%+ {' M+ f$ m+ K* e J
D. 25%
% ^0 j1 l4 N4 T& E4 i0 [" d# J Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).
8 G9 L5 g0 ~3 X* N4 _ Bear Market Normal Market Bull Market
! K+ J2 e2 w3 m" y) ^" E Probability 0.2 0.5 0.3* j( ^* i. \5 V8 ^; x- K- g4 P- {
Stock X_ -20% 18% 50%
I% L" g. C! [# D. c, U) ? Stock Y -15% 20% 10%5 R" Q& v g8 Y
17. Financial markets serve to channel funds from ______.$ c% D6 O4 _9 R2 V; `+ C
A. the government to contractors# R6 U$ U( i8 b' y$ J: m3 M. L6 P
B. investors to consumers# D6 G. w* j, Z) g! a0 B$ }
C. consumers to producers8 L7 R# c& K, } {. _' f9 @
D. savers to investors# j' c @' d4 ]# u0 p0 r
18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .! o+ i' \7 s- V6 ^
A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency
. S Z" q" D8 c$ B9 k! O B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations4 K$ s) Z: E, c) r2 ~
C. that prohibited governments from intervening in the foreign exchange markets
1 g% Z8 ~: n8 H$ s# g- r9 V D. in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading
- t7 |3 X# v# D$ n9 T8 Q' U 19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .0 [9 J' W; s" q# N1 q* T! ]+ ^
A. Assets are originally recorded in accounting records at their cost to the business entity
* `: q l" ?* K* @7 B! n; ?" }/ ` B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion
! X$ L: l) Q0 V" j$ X6 {: h C. Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market prices
: C5 P- B* ]3 N8 p2 G @. w D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions
0 m C, C! j2 l8 m; v# O: j 20. A fiscal expansion in the UK ______ the pound sterling.! r. P, s3 t* k' x9 ^
A. tends to appreciate
$ a5 S5 L b. I+ Z; S" w: k' J B. tends to depreciate
; @' p, T) u8 {% D. [; T: T5 j9 { C. does not affect the price of
L( V; i9 l) f$ L( P D. has no predictable effect on the price of
7 T" z0 O0 Y) f. U7 ?: z3 I; b 答案：1 M) _9 B( K3 F$ s& ~7 t
1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B
0 i: G5 R7 c( R. |$ n- y, q. C 11.D 12.B 13.C 14.A 15.B 16.B 17.A 18.A 19.D 20.A |
发表于 2012-8-16 08:05:44
