练习试题:ChoosetheBestAnswer[2]
练习试题:ChoosetheBestAnswer[2]
#
1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
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
#
D. he has the right to buy ordinary shares more cheaply #
2. What are the two major accounts in the balance of payments? ______. #
A. Current account and fixed account
#
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 ______. #
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 #
C. the current yield plus the average annual capital gain rate #
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 ______. #
A. promised yield
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 #
D. inflation
#
7. A person who left his/her job to look for another job would be classified as ______.
#
A. structurally unemployed
B. cyclically unemployed
C. frictionally unemployed
#
D. no longer in the labor force
#
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 #
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
D. leisure.. .of all other goods
#
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 #
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
#
D. equal income for consumption
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 #
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
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 #
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
16. An example of an investment pool is ______.
#
A. a savings and loan association #
B. a life insurance company #
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
#
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. #
A. A private bank #
B. Private banking #
C. Personal banking #
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 #
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
#
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 #