练习试题：ChoosetheBestAnswer[4]

练习试题：ChoosetheBestAnswer[4] #

1. Commercial paper ______.

A. is issued mainly by commercial banks

B.can be either short or long-term debt

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C. is most typically issued in very short maturities, such as one or two months #

D. ought to be considered a capital market instrument #

2. The expectations hypothesis assumes that investors regard bonds of different maturities . #

A. as perfect substitutes #

B. as not substitutes at all #

C. as substitutes, but not perfect substitutes

D. none of the above

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3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points. #

A. 0.05

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B. 0.5 #

C. 5

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D. 50 #

4. Liquidity of a business is measured by ______.

A. the rate of return on owner equity

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B. the ratio of total revenue to total expenses incurred #

C. the ratio of current assets to current liabilities

D. the ratio of income to costs

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5. Which of the following is an example of an automatic stabilizer? ______. #

A. A change in interest rates

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B. An increase in government spending

C. Lowering income taxes

D. Unemployment insurance #

6. Which of the following definitions fits depreciation? . #

A. Allocation of the asset's market value to expense over its useful life

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B. Allocation of the asset's cost to expense over its useful life

C. Decreases in the asset's market value over its useful life

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D. Increases in the fund set aside to replace the asset when it is worn out

7. In the balance of payments accounts, ______ are unilateral transfers. #

A. direct investments in another nation's businesses #

B. international transactions in securities with maturities greater than one year #

C. international transactions of securities with maturities of less than one year #

D. gifts and grants #

8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in . #

A. a money market mutual fund

B. a time deposit

C. Keogh Plan #

D. a money market deposit account #

9. The central problem in economics is that of______. #

A. comparing the success of command versus market economies

B. guaranteeing that production occurs in the most efficient manner #

C. guaranteeing a minimum level of income for every citizen #

D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible

10. Which of the following is the most accurate measure of a bond's interest rates? ______.

A. Coupon rate

B. Yield to maturity #

C. Current yield #

D. Discount yield #

11. Which of the following is a determinant of asset demand? ______. #

A. Expected return

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B. Risk #

C. Liquidity #

D. All of the above

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12. Which of the following items are reported as a current liability on the balance sheet? ____.

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A. Short-term notes payable

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B. Accrued payroll taxes #

C. Estimated warranties #

D. All of the above #

13. Which of the following is not true of fiscal policy? ______. #

A. Time lags occur with fiscal policy. #

B. Automatic stabilizers help the economy.

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C. "Crowding out" is not a problem of fiscal policy. #

D. None of the above. #

14. What distinguishes the mortgage markets from other capital markets? ______. #

A. Securities in the mortgage markets are collateralized by real estate #

B. The mortgage markets usually involve long-term funds

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C. Borrowers in the mortgage markets include individuals and businesses #

D. All of the above

15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.

A. withdrawal

B. liquidation

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C. acquisition

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D. dissolution

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16. When an investor is buying stock as an investment, the value of most direct concern is .

A. par value

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B. liquidation value #

C. market value

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D. book value #

17. Autonomous transactions are ______. #

A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market #

B. transactions that are not undertaken in the pursuit of commercial profit

C. transactions undertaken for normal commercial motives #

D. none of the above

18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings .

A. increases... decreases... decreases #

B. increases... increases... increases #

C. decreases... increases... increases

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D. decreases... decreases... decreases #

19. A successful company's major source of cash should be ______. #

A. operating activities

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B. financing activities

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C. investing activities #

D. a combination of the above #

20.The price index in 2002 was 160, and in 2003 the price index was 168. What was the inflation rate? ______. #

A. 68% #

B. 8% #

C. 5% #

D. indeterminable without knowing the base year

第一考试网 #