金融英语试题：模拟练习题四

金融英语试题：模拟练习题四 #

1. Commercial paper ______.

A. is issued mainly by commercial banks

B.can be either short or long-term debt

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

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D. ought to be considered a capital market instrument #

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

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A. as perfect substitutes #

B. as not substitutes at all

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C. as substitutes, but not perfect substitutes

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D. none of the above #

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

B. 0.5

C. 5

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 #

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

A. A change in interest rates

B. An increase in government spending #

C. Lowering income taxes

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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 #

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 #

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

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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

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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 #

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

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A. Expected return #

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? ____. #

A. Short-term notes payable #

B. Accrued payroll taxes #

C. Estimated warranties

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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.

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 #

D. dissolution #

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

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A. par value

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B. liquidation value

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C. market value

D. book value

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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

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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

D. decreases...decreases...decreases

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

A. operating activities #

B. financing activities #

C. investing activities

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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%

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B. 8% #

C. 5% #

D. indeterminable without knowing the base year

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