金融英语试题：模拟练习题二

金融英语试题：模拟练习题二

1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______. #

A. his voting rights are considered more important

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B. he has the greater right in choosing the board of directors

C. he receives his dividend before the ordinary shareholder

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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? ______.

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A. Treasury bills

B. Real estate #

C. Mortgages #

D. Stocks

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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

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7. A person who left his/her job to look for another job would be classified as ______.

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A. structurally unemployed #

B. cyclically unemployed #

C. frictionally unemployed

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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

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D. Retained earning

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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 ______.

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A. leisure...work

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B. work...leisure

C. work...of all of other goods

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D. leisure...of all other goods

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11. The federal funds rate is the interest rate ______. #

A. on overnight loans of reserves between banks

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B. the government pays when borrowing from banks #

C. on government debt

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D. both A and B #

12. A consumer's indifference curve shows ______.

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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

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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

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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

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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

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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

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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 ______.

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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第一考试网整理

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