金融英语

1 Commercial paper ______

A is issued mainly by commercial banks

Bcan 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

C as substitutes， but not perfect substitutes

D none of the above

3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points

A 005

B 05

C 5

D 50

4 Liquidity of a business is measured by ______

A the rate of return on owner equity

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

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

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

D allocating scarce resources in such a manner that society‘s unlimited needs or wants are satisfied as well as possible10 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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