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练习试题:ChoosetheBestAnswer[1]

2010-07-27 来源:互联网 作者:第一考试网

练习试题:ChoosetheBestAnswer[1] #

1. In general, the more liquid an asset the ______. #

A. less it is likely to yield #

B. greater its risk of default

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C. lower its market price will be

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D. more it will add to bank profits

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2. The interest rate printed on the face of a bond is called the ______.

#

A. coupon rate #

B. prime rate #

C. printed rate

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D. nominal rate #

3. A rise in interest rates leads to ______.

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A. capital gains for bondholders

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B. capital losses for bondholders #

C. income gains for bondholders

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D. income losses for bondholders

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4. If the reserve requirement ratio were equal to zero, then ______.

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A. the deposit multiplier would be infinitely large #

B. required reserves would be equal to zero

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C. the banking system would theoretically be able to create an infinitely large amount of demand deposits #

D. all of the above

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5. Financial intermediaries' primary function in financial markets is to serve as ______. #

A. ultimate borrowers #

B. ultimate lenders

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C. ultimate savers #

D. middlemen #

6. Suppose the Fed buys $10 million in government securities from a commercial bank. If the required reserve ratio is 0.25, what is the maximum amount by which checkable deposits in the banking system can change? ______.

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A. +$10000000

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B. +$25000000 #

C. +$40000000

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D. -$40000000 #

7. Suppose the annualized yield on a 91-day Treasury bill is 1.25%. If you invested $10 000 in this bill, how much would you have to pay for this security? ______.

#

A. $11 250 #

B. $10012.50 #

C. $9998.75 #

D. $9968.93 #

8. Who are the first to bear financial losses incurred by the bank? ______. #

A. The depositors #

B. The debtors #

C. The bank capital shareholders

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D. The bank employees #

9. A government is faced with a balance of payments deficit. It may take action to deal with this by doing all of the following except ______.

#

A. devalue the currency #

B. reduce interest rates #

C. restrict consumer spending

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D. restrict imports

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10. According to the principle of comparative advantage, countries ______. #

A. should specialize in producing goods they have lower opportunity cost for #

B. should export goods they can produce at lower input costs #

C. will specialize in producing goods which they can produce at lower input costs #

D. should specialize in producing goods they have lower absolute costs for #

11. A currency depreciation on the foreign exchange market will ______.

#

A. encourage imports to the country whose currency has depreciated

#

B. discourage imports to the country whose currency has depreciated #

C. discourage exports to the country whose currency has depreciated #

D. encourage foreign travel by the citizens of the country whose currency has depreciated

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12. The difference between fiscal policy and monetary policy is that ______.

#

A. fiscal policy is macroeconomic policy and monetary policy is microeconomic policy

#

B. monetary policy is macroeconomic policy and fiscal policy is microeconomic policy

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C. fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods

#

D. monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing #

13. When economists speak of the utility of a certain good, they are referring to ______.

#

A. the demand for the good #

B. the usefulness of the good in consumption

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C. the satisfaction gained from consuming the good #

D. the rate at which consumers are willing to exchange one good for another #

14. How are financial ratios used in decision making? ______.

#

A. They remove the uncertainty of the business environment

#

B. They give clear signals about the appropriate action to take #

C. They can help identify the reasons for success and failure in business, but decision making requires information beyond the ratios #

D. They aren't useful because decision making is too complex.

#

15. A good is called an inferior good if sales ______. #

A. are unaffected by income

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B. rise as price increases

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C. decline as price increases #

D. decline as income increases

#

16. Interest rates are made up of ______.

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A. the real rate and the inflation premium #

B. the risk-free rate and the period rate

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C. the risk premium

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D. A and C

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E. B and C

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17. Most stocks are traded on ______.

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A. primary markets #

B. secondary markets

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C. credit markets

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D. capital markets #

18. The president or CEO of a corporation reports to ______.

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A. the treasurer

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B. the CFO

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C. the board of directors

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D. the shareholders

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19. Term structure of interest rates refers to the relationship between ______.

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A. interest rates of different terms #

B. risky and riskless securities

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C. the real rate of return and the inflation premium #

D. increase profits #

20. The demand deposit expansion multiplier is determined by ______.

#

A. the amount of excess reserves in the banking system #

B. the ratio of bank assets to bank liabilities

#

C. the prime rate of interest #

D. the required reserve ratio第一考试网整理 #

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