第一章为何学习金融市场与机构英文习题及答案.docx
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第一章为何学习金融市场与机构英文习题及答案.docx
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第一章为何学习金融市场与机构英文习题及答案
Chapter1WhyStudyFinancialMarketsandInstitutions?
1.1SingleChoice
1)Financialmarketsandinstitutions
A)involvethemovementofhugequantitiesofmoney.
B)affecttheprofitsofbusinesses.
C)affectthetypesofgoodsandservicesproducedinaneconomy.
D)doalloftheabove.
E)doonlyAandBoftheabove.
2)Financialmarketactivitiesaffect
A)personalwealth.
B)spendingdecisionsbyindividualsandbusinessfirms.
C)theeconomy'slocationinthebusinesscycle.
D)alloftheabove.
3)Marketsinwhichfundsaretransferredfromthosewhohaveexcessfundsavailabletothosewhohaveashortageofavailablefundsarecalled
A)commoditymarkets.
B)fundsmarkets.
C)derivativeexchangemarkets.
D)financialmarkets.
4)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoasthe
A)inflationrate.
B)exchangerate.
C)interestrate.
D)aggregatepricelevel.
5)Thebondmarketsareimportantbecause
A)theyareeasilythemostwidelyfollowedfinancialmarketsintheUnitedStates.
B)theyarethemarketswhereinterestratesaredetermined.
C)theyarethemarketswhereforeignexchangeratesaredetermined.
D)alloftheabove.
6)Interestratesareimportanttofinancialinstitutionssinceaninterestrateincrease_________thecostofacquiringfundsand_________theincomefromassets.
A)decreases;decreases
B)increases;increases
C)decreases;increases
D)increases;decreases
7)Typically,increasinginterestrates
A)discouragesindividualsfromsaving.
B)discouragescorporateinvestments.
C)encouragescorporateexpansion.
D)encouragescorporateborrowing.
E)noneoftheabove.
8)Comparedtointerestratesonlong-termU.S.governmentbonds,interestrateson_________fluctuatemoreandareloweronaverage.
A)medium-qualitycorporatebonds
B)low-qualitycorporatebonds
C)high-qualitycorporatebonds
D)three-monthTreasurybills
E)noneoftheabove
9)Comparedtointerestratesonlong-termU.S.governmentbonds,interestratesonthree-monthTreasurybillsfluctuate_________andare_________onaverage.
A)more;lower
B)less;lower
C)more;higher
D)less;higher
10)Thestockmarketisimportantbecause
A)itiswhereinterestratesaredetermined.
B)itisthemostwidelyfollowedfinancialmarketintheUnitedStates.
C)itiswhereforeignexchangeratesaredetermined.
D)alloftheabove.
11)Stockpricessincethe1950shavebeen
A)relativelystable,trendingupwardatasteadypace.
B)relativelystable,trendingdownwardatamoderaterate.
C)extremelyvolatile.
D)unstable,trendingdownwardatamoderaterate.
12)Thelargestone-daydropinthehistoryoftheAmericanstockmarketsoccurredin
A)1929.
B)1987.
C)2000.
D)2001.
13)Arisingstockmarketindexduetohighershareprices
A)increasespeople'swealthandasaresultmayincreasetheirwillingnesstospend.
B)increasestheamountoffundsthatbusinessfirmscanraisebysellingnewlyissuedstock.
C)decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewlyissuedstock.
D)bothAandBoftheabove.
14)Adecliningstockmarketindexduetolowershareprices
A)reducespeople'swealthandasaresultmayreducetheirwillingnesstospend.
B)increasespeople'swealthandasaresultmayincreasetheirwillingnesstospend.
C)decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewlyissuedstock.
D)bothAandCoftheabove.
E)bothBandCoftheabove.
15)Changesinstockprices
A)affectpeople'swealthandtheirwillingnesstospend.
B)affectfirms'decisionstosellstocktofinanceinvestmentspending.
C)arecharacterizedbyconsiderablefluctuations.
D)alloftheabove.
E)onlyAandBoftheabove.
16)(I)Debtmarketsareoftenreferredtogenericallyasthebondmarket.(II)Abondisasecuritythatisaclaimontheearningsandassetsofacorporation.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
17)(I)Abondisadebtsecuritythatpromisestomakepaymentsperiodicallyforaspecifiedperiodoftime.(II)Astockisasecuritythatisaclaimontheearningsandassetsofacorporation.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
18)Thepriceofonecountry'scurrencyintermsofanother'siscalled
A)theexchangerate.
B)theinterestrate.
C)theDowJonesindustrialaverage.
D)noneoftheabove.
19)Astrongerdollarbenefits_________andhurts_________
A)Americanbusinesses;Americanconsumers.
B)Americanbusinesses;foreignbusinesses.
C)Americanconsumers;Americanbusinesses.
D)foreignbusinesses;Americanconsumers.
20)Aweakerdollarbenefits_________andhurts_________
A)Americanbusinesses;Americanconsumers.
B)Americanbusinesses;foreignconsumers.
C)Americanconsumers;Americanbusinesses.
D)foreignbusinesses;Americanconsumers.
21)From1980toearly1985thedollar_________invalue,therebybenefitingAmerican_________
A)appreciated;businesses.
B)appreciated;consumers.
C)depreciated;businesses.
D)depreciated;consumers.
22)Moneyisdefinedas
A)anythingthatisgenerallyacceptedinpaymentforgoodsandservicesorintherepaymentofdebt.
B)billsofexchange.
C)arisklessrepositoryofspendingpower.
D)alloftheabove.
E)onlyAandBoftheabove.
23)TheorganizationresponsiblefortheconductofmonetarypolicyintheUnitedStatesisthe
A)ComptrolleroftheCurrency.
B)U.S.Treasury.
C)FederalReserveSystem.
D)BureauofMonetaryAffairs.
24)ThecentralbankoftheUnitedStatesis
A)Citicorp.
B)TheFed.
C)BankofAmerica.
D)TheTreasury.
E)noneoftheabove.
25)Monetarypolicyischieflyconcernedwith
A)howmuchmoneybusinessesearn.
B)thelevelofinterestratesandthenation'smoneysupply.
C)howmuchmoneypeoplepayintaxes.
D)whetherpeoplehavesavedenoughmoneyforretirement.
26)Economistsgroupcommercialbanks,savingsandloanassociations,creditunions,mutualfunds,mutualsavingsbanks,insurancecompanies,pensionfunds,andfinancecompaniestogetherundertheheadingfinancialintermediaries.Financialintermediaries
A)actasmiddlemen,borrowingfundsfromthosewhohavesavedandlendingthesefundstoothers.
B)producenothingofvalueandarethereforeadrainonsociety'sresources.
C)helppromoteamoreefficientanddynamiceconomy.
D)doalloftheabove.
E)doonlyAandCoftheabove.
27)Economistsgroupcommercialbanks,savingsandloanassociations,creditunions,mutualfunds,mutualsavingsbanks,insurancecompanies,pensionfunds,andfinancecompaniestogetherundertheheadingfinancialintermediaries.Financialintermediaries
A)actasmiddlemen,borrowingfundsfromthosewhohavesavedandlendingthesefundstoothers.
B)playanimportantroleindeterminingthequantityofmoneyintheeconomy.
C)helppromoteamoreefficientanddynamiceconomy.
D)doalloftheabove.
E)doonlyAandCoftheabove.
28)Banksareimportanttothestudyofmoneyandtheeconomybecausethey
A)provideachannelforlinkingthosewhowanttosavewiththosewhowanttoinvest.
B)havebeenasourceofrapidfinancialinnovationthatisexpandingthealternativesavailabletothosewantingtoinvesttheirmoney.
C)aretheonlyfinancialinstitutiontoplayaroleindeterminingthequantityofmoneyintheeconomy.
D)doalloftheabove.
E)doonlyAandBoftheabove.
29)Banks,savingsandloanassociations,mutualsavingsbanks,andcreditunions
A)arenolongerimportantplayersinfinancialintermediation.
B)havebeenprovidingservicesonlytosmalldepositorssincederegulation.
C)havebeenadeptatinnovatinginresponsetochangesintheregulatoryenvironment.
D)alloftheabove.
E)onlyAandCoftheabove.
30)(I)Banksarefinancialintermediariesthatacceptdepositsandmakeloans.(II)Theterm"banks"includesfirmssuchascommercialbanks,savingsandloanassociations,mutualsavingsbanks,creditunions,insurancecompanies,andpensionfunds.A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
31)____wasthestockmarket'sworstone-daydropinhistoryinthe1980s.
A)BlackFriday
B)BlackMonday
C)BlackoutDay
D)noneoftheabove
32)Thelargestfinancialintermediariesare
A)insurancecompanies.
B)financecompanies.
C)banks.
D)alloftheabove.
33)Inrecentyears
A)interestrateshaveremainedconstant.
B)successoffinancialinstitutionshavereachedlevelsunprecedentedsincetheGreatDepression.
C)stockmarketshavecrashed.
D)alloftheabove.
34)Asecurity
A)isaclaimorpriceofpropertythatissubjecttoownership.
B)promisesthatpaymentswillbemadeperiodicallyforaspecifiedperiodoftime.
C)isthepricepaidfortheusageoffunds.
D)isaclaimontheissuer'sfutureincome.
35)____areconsideredafinancialinstitutions.
A)Banks
B)Insurancecompanies
C)Financecompanies
D)Investmentbanks
36)Monetarypolicyaffects
A)interestrates.
B)inflation.
C)businesscycles.
D)alloftheabove.
答案:
1-5:
DDDCB6-10:
BBDAB11-15:
CBDDD16-20:
ACACA
21-25:
BACBB26-30:
EDECA31-36:
BCCDDD
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