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 #

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

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C. as substitutes, but not perfect substitutes #

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 ______.

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A. the rate of return on owner equity #

B. the ratio of total revenue to total expenses incurred

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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 #

B. An increase in government spending

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C. Lowering income taxes

D. Unemployment insurance

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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 #

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

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

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

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D. gifts and grants

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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

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C. Keogh Plan #

D. a money market deposit account

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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

B. Risk

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C. Liquidity

D. All of the above #

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 #

D. All of the above

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

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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.

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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 #

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 ______.

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A. withdrawal

B. liquidation #

C. acquisition

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D. dissolution

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

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C. market value

D. book value #

17. Autonomous transactions are ______.

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

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

C. transactions undertaken for normal commercial motives

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D. none of the above

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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

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

A. operating activities #

B. financing activities #

C. investing activities #

D. a combination of the above

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

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A. 68% #

B. 8%

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C. 5%

D. indeterminable without knowing the base year

第一考试网 #