试卷详情
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2012年金融英语证书考试FECT模拟试题-8
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[单项选择] For a profit-maximizing firm, the price level equals its marginal revenue (MR) when: ( )
A. In an oligopolistic market.
B. In a monopolistic situation.
C. In a perfectly competitive market.
D. Sales rise with the increase in price level.
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[单项选择] The price of petrol increases and sales of tyres decrease. This reflects
A. Petrol and tyres are substitutes, and there is a strong income effect.
B. The demand for tyres is inelastic.
C. Tyres are inferior goods.
D. Petrol and tyres are complements, and there is also an income effect.
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[填空题]What is The Purpose of Holding Foreign Reserve
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[单项选择]Firms which specialize in helping companies raise capital by selling securities are called ( )
A. commercial banks
B. investment banks
C. savings banks
D. credit unions
E. all of the above
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[单项选择]The law of diminishing returns: ( )
A. Assumes that there are changes taking place in production techniques.
B. Will always result in a positive figure.
C. Results in average product equaling marginal product when the average product is at its maximum.
D. Shows that the average product rises more rapidly than the marginal product.
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[单项选择] The FDIC presently insures deposits up to what amount ( )
A. $25,000 per account
B. $50,000 per account
C. $100,000 per account
D. $1,000,000 per account
E. Unlimited
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[单项选择]Renaud Blanc is an analyst in the risk management department of De Luca Corporation, a U.S. company that processes fruit and vegetables bought on the world market. Production and sales of packaged fruit juices and condiments occur in the United States, South America, and Europe. Blanc is responsible for making assessments of the relative strength of the U.S. dollar against other relevant currencies. Blanc knows that relative rates of inflation will influence the dollar value of a currency, so he forecasts inflation for the United States and its trading partners.
De Luca buys fruit from Brazil. For the coming year Blanc forecasts annual U.S. inflation of 2% and annual Brazilian inflation of 10%. The current exchange rate is BRL3/USD (BRL = Brazilian real, USD = U.S. dollar). The one-year risk-free interest rates in the United States and Brazil are 2.25% and 18%, respectively.
One of Blanc’s colleagues, Paula Smith, makes the following statements:
1. "The theory of uncovered
A. 0.25%.
B. 2.25%.
C. 4.25%.
D. 6.25%.
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[填空题]List the Basic Features of a Corporate Bond Issue
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[单项选择]The most liquid of all assets is ( )
A. The stock of commercial banks
B. M1
C. Intelligence
D. The debt of major corporations
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[单项选择]Income elasticity of demand for a particular product: ( )
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[简答题] J-curve effect
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[简答题]Liquidity preference
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[简答题]Interest rate risk
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[单项选择]Cutting taxes can lower investment through its impact on interest rates. This is an example of the: ( )
A. Income effect.
B. Accelerator effect.
C. Crowding out effect.
D. Multiplier effect.
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[简答题]Moral suasion
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[填空题]How does the inflation affect Wealth and Redistribution of Income
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[填空题]What is The Targets of China’s Monetary Policy
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[单项选择]When one country's potential GDP is higher than its real GDP, this means: ( )
A. Its exports are higher than its imports.
B. Inflation is getting worse.
C. There exists some unemployment.
D. None of the above.
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[单项选择]Company A and Company B are identical in every way except their capital structure.
Each firm can borrow at 10% and each is taxed at 40%.
Company A Company B
Assets 1000 1000
Equity 600 1000
Debt 400 100
EBIT 100 100
Which firm had the higher Net Income Which firm had the higher ROE ( )
A. Company B had a higher net income but the ROEs were identical.
B. Company A had a higher net income; company A had a higher ROE.
C. Company B had a higher net income; company B had a higher ROE.
D. Company A had a higher net income; company B had a higher ROE.
E. Company B had a higher net income; company A had a higher ROE.
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[简答题] Capital asset pricing model (CAPM)