金融英语试题：模拟练习题二

金融英语试题：模拟练习题二 #

1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.

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A. his voting rights are considered more important #

B. he has the greater right in choosing the board of directors #

C. he receives his dividend before the ordinary shareholder

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D. he has the right to buy ordinary shares more cheaply

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2. What are the two major accounts in the balance of payments? ______.

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A. Current account and fixed account

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B. Capital account and deposit account #

C. Capital account and current account

D. The account recording transfer payment and the account including an offsetting transaction #

3. Which of the following is not a financial instrument? ______. #

A. Treasury bills #

B. Real estate

C. Mortgages #

D. Stocks #

4. The yield to maturity on a bond is ______.

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A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium #

B. the discount rate that set the present value of the payments equal to the bond price

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C. the current yield plus the average annual capital gain rate

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D. based on the assumption that any payments received are reinvested at the coupon rate

5. The annual interest paid on a bond relative to its prevailing market price is called its ______.

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A. promised yield

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B. yield to maturity

C. coupon rate #

D. current yield #

6. Rapid increases in the price level during periods of recession or high unemployment are known as . #

A. stagnation #

B. stagflation #

C. slump

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D. inflation #

7. A person who left his/her job to look for another job would be classified as ______.

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A. structurally unemployed

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B. cyclically unemployed #

C. frictionally unemployed #

D. no longer in the labor force

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8. Which of the following is not included in a statement of owner's equity? ______. #

A. Net income #

B. Unearned revenue #

C. Dividend #

D. Retained earning #

9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.

A. expansionary monetary policy and contractionary fiscal policy

B. contractionary monetary policy and expansionary fiscal policy #

C. expansionary monetary policy and expansionary fiscal policy #

D. ontractionary monetary policy and contractionary fiscal policy

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10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______. #

A. leisure...work #

B. work...leisure #

C. work...of all of other goods

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D. leisure...of all other goods

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11. The federal funds rate is the interest rate ______. #

A. on overnight loans of reserves between banks #

B. the government pays when borrowing from banks #

C. on government debt #

D. both A and B

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12. A consumer's indifference curve shows ______.

A. all combinations of two products that a consumer can use

B. all combinations of two products that yield the same total satisfaction to the consumer #

C. all combinations of two goods that the consumer can purchase with disposable persona income

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D. equal income for consumption

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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

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C. the present value of all future liabilities

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

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B. always consists of assets that can serve as commercial bank cash reserves

C. always consists of gold coin

D. must be a "fiat" money

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15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates. #

A. chronological #

B. term #

C. risk #

D. liquidity

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16. An example of an investment pool is ______.

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A. a savings and loan association #

B. a life insurance company

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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

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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.

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A. A private bank #

B. Private banking #

C. Personal banking

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D. Retail banking

19. Which of the following can be described as involving direct finance? ______.

A. A pension fund manager buys a short-term corporate security in the secondary market

B. People buy shares in a mutual fund #

C. A corporation issues new shares of stock

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D. An insurance company buys shares of common stock in the over-the-counter markets. #

20. A call option gives the owner the right to ______.

A. sell the underlying asset at a fixed price

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B. buy the underlying asset at a fixed price #

C. convert the underlying asset at a fixed price #

D. take delivery of the underlying asset at a fixed price第一考试网整理