金融市场试卷金融考试题西南财经大学天府学院解析.doc

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1、1)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoastheA)inflationrate.B)exchangerate.C)interestrate.D)aggregatepricelevel.Answer:C2)FinancialmarketsandinstitutionsA)involvethemovementofhugequantitiesofmoney.B)affecttheprofitsofbusi

2、nesses.C)affectthetypesofgoodsandservicesproducedinaneconomy.D)doalloftheabove.E)doonly(A)and(B)oftheabove.Answer:D3)Whichofthefollowingcanbedescribedasinvolvingdirectfinance?A)Acorporationʹsstockistradedinanover-the-countermarket.B)Peoplebuysharesinamutualfund.C)Apensionfundmanagerbuyscommercialp

3、aperinthesecondarymarket.D)Aninsurancecompanybuyssharesofcommonstockintheover-the-countermarkets.E)Noneoftheabove.Answer:E4)ThepurposeofdiversificationistoA)reducethevolatilityofaportfolioʹsreturn.B)raisethevolatilityofaportfolioʹsreturn.C)reducetheaveragereturnonaportfolio.D)raisetheaveragereturn

4、onaportfolio.Answer:A5)Whentheinterestrateonabondis_________theequilibriuminterestrate,thereisexcess_________inthebondmarketandtheinterestratewill_________.A)below;demand;riseB)below;demand;fallC)below;supply;riseD)above;supply;fallAnswer:C6)Inarecessionwhenincomeandwealtharefalling,thedemandforbo

5、nds_________andthedemandcurveshiftstothe_________.A)falls;rightB)falls;leftC)rises;rightD)rises;leftAnswer:B7)Whenpeoplebegintoexpectalargestockmarketdecline,thedemandcurveforbondsshiftstothe_________andtheinterestrate_________.A)right;fallsB)right;risesC)left;fallsD)left;risesAnswer:A8)Thespreadb

6、etweeninterestratesonlowqualitycorporatebondsandU.S.governmentbonds_________duringtheGreatDepression.A)wasreversedB)narrowedsignificantlyC)widenedsignificantlyD)didnotchangeAnswer:C9)Ifincometaxrateswerelowered,thenA)theinterestrateonmunicipalbondswouldfall.B)theinterestrateonTreasurybondswouldris

7、e.C)theinterestrateonmunicipalbondswouldrise.D)thepriceofTreasurybondswouldfall.Answer:C10)Accordingtotheexpectationstheoryofthetermstructure,A)yieldcurvesshouldbeequallylikelytoslopedownwardastoslopeupward.B)whe