华侨大学2015年《431金融学综合》考研专业课真题试卷
暨南大学2015年 金融专硕431金融学综合考研真题和答案解析
A．凸型 B．凹型 C．球型 D．水平型 9．导致经济周期性波动的投资主要是（ ）。
A．存货投资 B．固定资产投资 C．意愿投资 D．重置投资 10．滞胀具有以下特征（ ）。
29. 优先股不具有的权利是（ ）。 A．股利分配权 B. 剩余资产分配权 C. 表决权 D. 优于普通股的分配权
30．沪港通表现出中国的（ ）进程加快 A．金融创新 B．金融改革 C．金融开放 D．金融发展
二、计算题（6 题，每题 10 分，共 60 分）
1．已知效用函数为U loga X loga Y ，预算约束为： Px ． x Py ．x
16．魏克赛尔通过（ ）解决了李嘉图货币数量说理论难题。 A．名义利率与实际利率相对关系的论点 B．市场利率与自然利率相对关系的论点 C．物价水平与利率相对关系的论点 D．相对价格与绝对价格相对关系的论点
17．研究金融发展与经济增长关系的理论是（ ）。 A．金融深化论 B．金融创新论 C．凯恩斯主义理论 D．货币主义理论
一、单项选择题（30 题，每题 1.5 分，共 45 分）
1．2014 年诺贝尔经济学奖获得者为（ ）。
A．梯若尔 B．曼昆 C．萨金特 D．A 和 B
2．2014 年诺贝尔经济学奖获得者的主要研究领域为（ ）。
A．公司金融 B．行为金融 C．金融经济学
D．货币理论
3．无差异曲线的形态取决于（ ）。 A．消费者偏好 B．消费者收入 C．商品的价格 D．商品效用水平的大小
26．投资银行的传统业务包括（ ）。 A．兼并与收购 B．自营 C．项目融资 D．风险管理
15年真题回忆与答案
2015年人大金融专硕专业课431金融学综合——真题回忆整理与独家答案题型：金融学部分：选择（1*20）、名词解释（2*10）、简答（2*13）、论述（24）公司理财部分：选择（1*10）、判断（1*10）、简答（10）、计算（2*15）金融学一、单项选择1、政策性银行成立时间？——1994年2、资产组合理论提出者？——马科维兹3、人民币名义汇率下降，对一揽子货币实际有效汇率REER上升，请问人民币币值的变化？——升值4、黄金自由铸造，自由流通，自由兑换的货币制度是？——金币本位制5、中国通胀率高于美国通胀率，中国利率高于美国利率，根据凯恩斯利率评价理论，长期来看人民币是升值还是贬值？——贬值6、美国国债成交价格下降，欧洲美元三月期利率与美国国债三月期的利率差值TED利差将如何变化？——缩小7、在金本位制下，外汇汇率的波动幅度受（）的限制？——黄金输送点8、以下哪项不属于信用货币的特点？——足值的货币9、我国货币当局资产负债表中的“储备货币”指的就是（）？——基础货币10、以下哪个国家的金融体系是以银行为主导的？——德国11、以下哪项不涉及开放经济条件下内外均衡问题？——泰勒规则（另三项为丁伯根法则，米德冲突与三元悖论）12、当面临国际收支盈余、国内失业率上升时应当采取的政策组合是？——扩张的货币政策和扩张的财政政策13、欧洲美元Eurodollar的含义是？——离岸美元14、银行核心资本的范围包括（）？——股本二、名词解释1、格雷欣法则答案：格雷欣法则是指货币流通中一种货币排斥另一种货币的现象。
在两种名义价值相同而实际价值不同的货币同时流通时，实际价值高的货币，即所谓良币受到实际价值低的劣币的驱逐。
2、商业银行净息差（超纲，属于《商业银行业务与经营》中的内容）答案：指的是银行净利息收入和银行全部生息资产的比值。
计算公式为：净息差=（银行全部利息收入—银行全部利息支出）÷全部生息资产3、铸币税答案：铸币税是指货币发行机构在发行货币时所取得的，货币名义价值超出其铸造成本的部分，这一部分形成货币发行机构的收益。
2015年清华大学431金融学综合[专业硕士]考研真题(回忆版)及详解【圣才出品】
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2015年清华大学431金融学综合[专业硕士]考研真题（回忆版）及详解一、选择题1．以下哪一个是系统风险？（）A．木材价格剧烈下降B．航空公司飞行员罢工C．中国人民银行提高基准利率D．人们抵制快餐店【答案】C【解析】系统风险，也称不可分散风险，是影响所有资产、不能通过资产组合而消除的风险。
这部分风险由那些影响整个市场的风险因素引起，包括宏观经济形势的变动、国家经济政策的变动和税制改革等。
2．你持有9个月后到期的国债期货，如果利率期限结构上的所有利率在这9个月中整体下降，那么你持有的国债期货价格在到期日会（）。
A．下降B．上升C．不变D．由于国债到期日不同而不确定【答案】B【解析】一般而言利率与债券价格呈反方向变动，当利率下降时，债券价格上升。
国债期货的价格变动趋势与国债现货一致，且越接近到期日，期货价格与现货价格的价差越小，在到期日两者价格相等。
3．一个公司预期到本公司的股票价格将会下跌，该公司在股票价格变化之前发行哪种证券为最优选择？（）A．可转债B．可转优先股C．普通债D．以上三者没区别【答案】A【解析】对公司来说，股价未来下跌，投资者将不会使用可转债的转换权利，而可转债的成本要低于普通债券和优先股。
优先股股息必须从税后净利润里面支付，不具有抵税效应并且股权融资的清偿顺序要比债权靠后。
最终的成本：可转债＜普通债＜优先股。
4．一个固定收益基金经理希望持有价格波动率最大的债券，其应该持有（）。
A．短期，高息票债券B．长期，低息票债券C．长期，零息票债券D．短期，低息票债券【答案】C【解析】价格的利率敏感性与债券的到期时间长短具有正向关系，其他因素相同时，长期债券比短期债券价格的利率敏感性更强；价格的利率敏感性与债券的票面利率具有反向关系，其他因素相同时，低票面利率债券比高票面利率债券价格的利率敏感性更强。
5．某公司负债2000万元，股权票面价值4000万元，股权市场价值8000万元，年运营收入为400万元，公司资产负债率为（）。
【2015年华侨大学考研真题考研真题】826专业课试卷
项目
计算期 1 2 3 4 567
建设投资（不含建设期利息） 800 400
其中：资本金
500 200
贷款
300 200
流动资金
200
营业收入（不含税）
800 1000 1000 1000 1000
营业税金及附加
81 101 101 101 101
第6页共8页
经营成本
100 140 140 140 140
1、关于动态投资回收期，正确的说法有(
)。
A．如果方案的动态投资回收期大于基准投资回收期，则方案可以考虑接受
B．如果方案的动态投资回收期小于基准投资回收期，则方案的净现值大于0，甚至内
部收益率大于基准收益率，方案可以考虑接受
C．如果方案的动态投资回收期大于方案的寿命期，则方案盈利
D．如果方案的动态投资回收期小于方案的寿命期，则方案盈利，一般情况下内部收益
9、关于影子价格陈述正确的是（
）。
A.影子价格是投资项目经济评价的重要参数，它是指社会处于某种最优状态下，能够
反映社会劳动消耗、资源稀缺程度和最终产品需求状况的价格
B.影子价格是社会对货物真实价值的度量，只有在完善的市场条件下才会出现
C.国民经济评价虽然不能简单地采用交换价格，但是现实经济中的交换价格毕竟是对
A.第一类无形磨损和第二类有形磨损 B.第二类无形磨损和第二类有形磨损 C.第一类无形磨损和第一类有形磨损
第2页共8页
D.第二类无形磨损和第一类有形磨损
15、对于非经营性项目，财务评价分析主要分析项目的（ ）。
A.盈利能力
B.偿债能力
C.财务生存能力
D.抵御风险能力
二、多项选择题(10 小题，每题 3 分，合计 30 分；对一个得 0.5 分，错一个全部不得分)
2015年中央财经大学431金融学综合考研真题
2015年中央财经大学431金融学综合考研真题一、单项选择题1．金银复本位制下的不稳定性源于（）。
A．金银的稀缺B．生产力的提高C．货币发行管理混乱D．金银同为本位币2．单纯从物价和货币购买力的关系看，物价指数上升25%，则货币购买力（）。
A．上升20%B．下降20%C．上升25%D．下降25%3．信用的基本特征是（）。
A．无条件的价值单方面让渡B．以偿还为条件的价值单方面转移C．无偿的赠与或援助D．平等的价值交换4．认为利率纯粹是一种货币现象，利率水平由货币供给与货币需求的均衡点决定的利率是（）。
A．马克思的利率决定理论B．实际利率理论C．可贷资金论D．凯恩斯的利率决定理论5．我国习惯上将年息、月息、日息都以“厘”做单位，但实际含义却不同，若年息6厘、月息4厘、日息2厘，则分别是指（）。
A．年利率为6%，月利率为4%，月利率为2%B．年利率为0.6%，月利率为0.4%，日利率为0.02%C．年利率为0.6%，月利率为0.04%，日利率为2%D．年利率为6%，月利率为0.4%，日利率为0.02%6．一张差半年到期的面额为2000元的票据，到银行得到1900元的贴现金额，则年贴现率为（）。
A．5%B．10%C．2.56%D．5.12%7．下列属于利率衍生工具的是（）。
A．债券期货B．货币互换C．外汇期货D．外汇期权8．同早期的银行相比，现代商业银行的本质特征是（）。
A．信用中介B．支付中介C．融通资金D．信用创造9．假设黄金现货的价格为200元/克，市场无风险利率为4%，那么，不考虑黄金仓储成本，6个月后交割的黄金期货合约理论价格应该是（）。
A．200元/克B．204元/克C．198元/克D．202元/克10．假设今天沪深300指数收盘于3200点，指数期望收益率为8%，无风险利率为4%，那么，一年后交割的沪深300指数期货合约理论点位是（）。
A．3200.04B．3300.59C．3328.01D．3074.5311．弗里德曼认为货币需求函数的特点是（）。
2015年中央财经大学431金融学综合考研真题
2015年中央财经大学431金融学综合考研真题一、单项选择题1．金银复本位制下的不稳定性源于（）。
A．金银的稀缺B．生产力的提高C．货币发行管理混乱D．金银同为本位币2．单纯从物价和货币购买力的关系看，物价指数上升25%，则货币购买力（）。
A．上升20%B．下降20%C．上升25%D．下降25%3．信用的基本特征是（）。
A．无条件的价值单方面让渡B．以偿还为条件的价值单方面转移C．无偿的赠与或援助D．平等的价值交换4．认为利率纯粹是一种货币现象，利率水平由货币供给与货币需求的均衡点决定的利率是（）。
A．马克思的利率决定理论B．实际利率理论C．可贷资金论D．凯恩斯的利率决定理论5．我国习惯上将年息、月息、日息都以“厘”做单位，但实际含义却不同，若年息6厘、月息4厘、日息2厘，则分别是指（）。
A．年利率为6%，月利率为4%，月利率为2%B．年利率为0.6%，月利率为0.4%，日利率为0.02%C．年利率为0.6%，月利率为0.04%，日利率为2%D．年利率为6%，月利率为0.4%，日利率为0.02%6．一张差半年到期的面额为2000元的票据，到银行得到1900元的贴现金额，则年贴现率为（）。
A．5%B．10%C．2.56%D．5.12%7．下列属于利率衍生工具的是（）。
A．债券期货B．货币互换C．外汇期货D．外汇期权8．同早期的银行相比，现代商业银行的本质特征是（）。
A．信用中介B．支付中介C．融通资金D．信用创造9．假设黄金现货的价格为200元/克，市场无风险利率为4%，那么，不考虑黄金仓储成本，6个月后交割的黄金期货合约理论价格应该是（）。
A．200元/克B．204元/克C．198元/克D．202元/克10．假设今天沪深300指数收盘于3200点，指数期望收益率为8%，无风险利率为4%，那么，一年后交割的沪深300指数期货合约理论点位是（）。
A．3200.04B．3300.59C．3328.01D．3074.5311．弗里德曼认为货币需求函数的特点是（）。
清华431金融学综合考研真题整理
清华431金融学综合考研真题整理一、选择题：1、商业银行最基本的职能是：A.信用中介B.支付中介C.信用创造D.金融服务2、为保持银行的清偿能力和流动性，商业银行贷款的期限结构必须与下列哪一项的期限结构匹配：A.存款和中间业务B.资产C.经营D.存款与其他负债3、以下哪个不属于我国M1的统计范畴：A.居民持有的现钞B.企业持有的现钞C.企业的活期存款D.居民的活期存款4、什么确定了中央银行在金融体系中的核心和主导地位，确定了中央银行对金融机构实施金融监督管理的必然性与必要性。
A.依法实施货币政策B.代理国库C.充当“最后贷款人”角色D.集中与垄断货币发行5、如果金银的法定比价是1：14，而市场比价是1：15，这时，充斥市场的将是A.银币B.金币C.金币和银币同时D.都不是6、商业银行利用资本金来应对：A.预期损失B.非预期损失C.灾难性损失D.以上全部7、在美国境内的XYZ公司，有一笔7.5亿日元的应付款，需要在一年后支付给东京银行。
目前即期汇率是RMB116/D1.00，一年远期汇率是RMB109/D1.00.美元的年利率为6%，日元为3%.XYZ公司也可以购买以0.0086美元/日元为执行价格的一年期的日元看涨期权，成本为0、0012美分/日元。
如果远期汇率是对未来即期汇率的最佳的预期，若用期权对冲，一年后总支付的美元价值是：A.美元6，450，000B.美元6，545，400C.美元6，653，833D.美元6，880，7348、固定汇率9、一个投资项目有如下信息：内部收益率（IRR）8、7%；利润率：98%净现值：-393美元回收期：2、44年资本成本：9、5%以下哪个陈述是对的？A.用于计算净现值的折现率必须小于8、7%B.按照净现值该项目应该被接受C.按照利润率项目应该被接受D.按照内部收益率项目应该被拒绝10、公司财务经理的责任是增加：A.公司规模B.公司增长速度C.经理人的能力D.股东权益价值11、如果你父母每年年初给你10000元钱。
2015年清华大学431金融学综合[专业硕士]考研真题(回忆版)【圣才出品】
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2015年清华大学431金融学综合[专业硕士]考研真题（回忆版）一、选择题1．以下哪一个是系统风险？（）A．木材价格剧烈下降B．航空公司飞行员罢工C．中国人民银行提高基准利率D．人们抵制快餐店2．你持有9个月后到期的国债期货，如果利率期限结构上的所有利率在这9个月中整体下降，那么你持有的国债期货价格在到期日会（）。
A．下降B．上升C．不变D．由于国债到期日不同而不确定3．一个公司预期到本公司的股票价格将会下跌，该公司在股票价格变化之前发行哪种证券为最优选择？（）A．可转债B．可转优先股C．普通债D．以上三者没区别4．一个固定收益基金经理希望持有价格波动率最大的债券，其应该持有（）。
A．短期，高息票债券B．长期，低息票债券C．长期，零息票债券D．短期，低息票债券5．某公司负债2000万元，股权票面价值4000万元，股权市场价值8000万元，年运营收入为400万元，公司资产负债率为（）。
A．50%B．40%C．33.33%D．25%6．下面哪些不属于公司的资本预算活动？（）A．举债进行股票回购B．向竞争对手购买其用户信息C．为研发部门雇佣一名工程师D．在中央商务区开一家新餐馆7．一家银行每季度支付利息的年利率（APR）为8%，其有效年利率（EAR）是多少？（）A．8%B．8.24%C．8.35%D．8.54%8．某公司2014年存在一笔100万元的经营支出，公司税率为30%，该支出使得（）。
A．应纳税收入减少30万元B．应纳税收入减少70万元C．税后收益减少70万元D．纳税减少70万元9．下面哪种行为可以认为是直接融资行为？（）A．你向朋友借了10万元B．你购买了10万元余额宝C．你向建设银行申请了10万元汽车贷款D．以上都是10．通常，向商业银行申请贷款的企业会比银行获得更多关于自身投资项目的信息，这种信息上的差异为_____，它会产生_____问题。
（）A．逆向选择；风险分担B．不对称信息；风险分担C．逆向选择；道德风险D．不对称信息；逆向选择11．下面哪一项不属于中央银行的负债项目？（）A．政府在央行的存款B．储备货币C．外汇储备基金D．金融性公司在央行的存款12．扩张性货币政策通常会导致（）。
【2015年华侨大学考研真题考研真题】762专业课试卷
华侨大学2015年硕士研究生入学考试专业课试卷（答案必须写在答题纸上）招生专业英语语言文学科目名称英语综合科目代码762Part I Error Correction (10 points)Directions: In the following passage there are 10 mistakes, one in each numbered line. Read the passage and correct the mistakes. If you change a word, cross it out and write the substitute in the corresponding blank. If you add a word, put the insertion mark (∧) in the right place and write the word you want to add in the blank. If you delete a word, cross it out and put a slash (/) in the blank.Example:Television is rapidly becoming the literatures of our periods. 1 . ___time__Many of the arguments having used for the study of literature as a 2. __/_____school subject are valid for ∧study of television. 3. __the__(I)Tramore is a happy racecourse in a holiday town but,at just a mile round and with cambers to rival Epsom, ithas never been favorably in the Irish jockeys’ room. Its 1. _________________ popularity will have dipped further after the New Year’sEve shambles in which all 14 riders in a handicap chaseeither rode a finish or pulled up a circuit early. Ninejockeys, including Davy Russell, the championship leader,were baned for five days each and the Irish Turf Club 2. _________________has begun an investigation that bring further action. 3. _________________共23 页第1 页(II)Number of people who died in passenger airline 4. ______________________ crashes last year was 20 per cent lower than in 2006.There were 631 passenger deaths worldwide lastyear, 159 fewer than 2006, according to Ascend, 5. ______________________the industry information company. Robin Butlerhas been a crossbencher in the House of Lordsfor ten years since he retired after a 37-years career 6. _____________________in the Civil Service, which he completed as a head 7. _____________________of the Home Civil Service and as Cabinet Secretaryto prime ministers Thatcher, Major and Blair. Onretire he became Master of University College, 8. _____________________ Oxford. His parody of John Betjeman’s famous poemSeaside Golf, which includes the lines ‘a glorious,sailing bounding drive, /That made me glad I alive’ is 9. ________________________ fondly remembered at Betjeman favourite course,10. _______________________St Enodoc, North Cornwall.Part II Grammar (30 points)(I) There are ten sentences in this section. Beneath each sentence there are four words or phrases marked A, B, C, and D. Choose the word or phrase that best completes the sentence. (10 points)1. ____, Robert Ferguson’s Law and Letters in American Culture has largely defined the critical understanding of the relationship between law and literature in the early American共23 页第2 页republic.A. With its publication more than 20 years agoB. Since its publication more than 20 years agoC. After its publication more than 20 years agoD. In its publication more than 20 years ago2. Ferguson’s central thesis, of course, is that a tight “configuration of law and letters,” ____, was made possible by several closely related factors.A. lasts from the Revolution until roughly the 1830sB. lasted from the Revolution until roughly the 1830sC. lasting from the Revolution until roughly the 1830sD. to last from the Revolution until roughly the 1830s3. I used to love horror movies, but now I tend to dread screen dread. ______ I’ve grown too old and jaded to be scared--nobody outgrows fear--but the new breed of horror movies, pitched almost exclusively at young male moviegoers, are more interested in sensationalism than insinuation.A. It’s not thatB. NotC. It’s not right thatD. Do not think that4. The professional culture of late eighteenth-century America, first of all, essentially required individuals trained in the legal profession ___________.A. to acquire a broad liberal education and to perform in a variety of literary modesB. acquire a broad liberal education and perform in a variety of literary modesC. to acquire a broad liberal education and performing in a variety of literary modesD. acquiring a broad liberal education and performing in a variety of literary modes共23 页第3 页5. Look at Jocelyn Wildenstein. OK, you can stop looking now. ____, she has become a warning of the pitfalls of overzealous plastic surgery.A. Known as ‘The Bride of Wildenstein’B. To know as ‘The Bride of Wildenstein’C. To be known as ‘The Bride of Wildenstein’D. As known as ‘The Bride of Wildenstein’6. Meanwhile, cosmetics manufacturers, ________, now produce potions boasting novel chemical compounds that read as if they are composed of letters from a poor deck of Scrabble tiles.A. in their search for new ceaseless tantalizing ingredients to put in their productsB. in their search for tantalizing new ceaseless ingredients to put in their productsC. in their new ceaseless tantalizing search for ingredients to put in their productsD. in their ceaseless search for tantalizing new ingredients to put in their products7. I argue here that Neal’s historical novel ____ as a tightly interlaced performance where the narrative and its prefaces ____ reciprocally to set up a broad-based assault on the concept of precedent.A. had better be read … to functionB. is best read … functionC. can best be read … functioningD. could best be read … as functioning8. ____, his utterance takes on a more serious shape and tone.A. Giving time, howeverB. Time given, howeverC. However, given timeD. Given time, however9. Though Mather, too, ____ the need for confessions in the trials of accused witches, Neal’sgeneral representation of Mather’s argumentative approach ____ the legitimacy of the legal共23 页第4 页proceedings of the Court of Oyer and Terminer was essentially accurate.A. stressed …to supportB. stresses …to supportC. stressed … supportingD. was stressing … in support10. The reading scores of ____ increased slightly (by 8 and 4 points, respectively) between 1971 and 1980 but then returned to their former levels or remained the same.A. nine and 13-year-oldsB. 9- and 13-year-oldsC. 9 and 13 year oldsD. 9 and 13-year-olds（II）There are ten sentences in this section. Each sentence has four parts underlined. The four underlined parts are marked A, B, C, and D. Identify the one underlined part that is wrong. (10 points)1. The big clock which used to strike the hours day and night was damaged many years ago andA Bhas been silent ever after.C D2. Looking at his watch, his clock said it was one o’clock, but the bell struck thirteen timesA Bbefore it stopped.C D3. The city at one time must have been prosperous，for it enjoyed a high level of civilization:A Bhouses--often three stories high--were built of stone．C D共23 页第5 页4. Now that a tunnel has been built through the mountains, the Pass is less dangerous, but eachA Byear, the dogs are still sent out into the snow nontheless a traveller is in difficulty.C D5. On his way into the sweet shop, he dropped his sixpence and it rolled along the pavementA B Cand then disappeared down a drain.D6. George was not too upset by his experience because the lady who owns the sweet shopA Bheard about his troubles and rewarded him on a large box of chocolates.C D7. Oddly shaped forms that are suspended from the ceiling and move in response to a gustA B Cof wind are quite familiar with everybody.D8. Mark Twain went west by stagecoach and succumbed to the epidemic of gold and silverA B Cfever in Navada’s Washoe region.D9. H. L. Mencken wrote sulphurous dispatches sitting in his pants with a fan blowing on him,A B共23 页第6 页and there was a talk of running him out of town for referring to the local citizenry as yokels.C D10. This will enable people that do not share a common language to talk to each otherA Bwith out any difficulty or to read foreign publications.C D(III) Rewrite the following sentences as required, without altering their meanings.（10 points）1. It is no use doing what you like, you have got to like what you do.Use ‘because’.2. Broadly speaking, human beings may be divided into three classes: those who are toiled to death, those who are worried to death, and those who are bored to death.Use the active voice.3. The most economical age to capture an elephant for training is between fifteen and twenty years.Use the comparative degree.4. It is well known that where the white man has invaded a primitive culture the most destructive effects have come not from physical weapons but from ideas.Use a simple sentence.5. Science and technology have come to pervade every aspect of our lives and, as a result, society is changing at a speed which is quite unprecedented.Talk about ‘society’ before ‘science’.共23 页第7 页6. We cannot think outside the particular patterns that our brains are conditioned to, or, to be more accurate, we can think only a very little way outside, and then only if we are very original.Use ‘Only’ in the beginning and invert your word order.7. By a cough he pushed the tissue off the table.Use ‘cough’ as a transitive verb.8. I cannot open the door.Begin by ‘the door’, making your sentence genuine/natural English.9. Once the existence of this wave-length had been discovered, it was not long before its use as the uniquely recognizable broadcasting frequency for interstellar communication was suggested.Begin with ‘with’ phrase.10. For some time Paris had been swarming with countless other discharged foreign soldiers.Begin by ‘other discharged foreign soldiers’.Part III Reading Comprehension （50 points）Directions: There are 4 passages in this part. Each passage is followed by four questions or incomplete statements. For each question or statement, there are four choices marked A, B, C, and D. Choose only ONE that best answers the question or finishes the incomplete statement.Passage 1A study of nearly 140,000 women in the U. S. showed that regular helpings of a small portion共23 页第8 页of nuts can have a powerful protective effect against a disease that is threatening to become a global epidemic. Women who consumed a 28 gram packet of walnuts at least twice a week were 24 per cent less likely to develop type 2 diabetes than those who rarely or never ate them. Eating walnuts just two or three times a week can reduce the risk of type 2 diabetes by almost a quarter.The latest findings, published in the Journal of Nutrition, are not the first to highlight the anti-diabetic effects of walnuts, with earlier research showing similar benefits. However, this is thought to be one of the largest studies to fmd regularly snarling on them can help prevent the condition. Although the latest research was carried out on female nurses, it's likely that the same benefits apply to men.According to the charity Diabetes UK, at the current rate of increase, the numbers affected by type 2 diabetes in the UK will rise from around 2.5 million currently to four million by 2025 and five million by 2030. Left untreated, it can raise the risk of heart attacks, blindness and amputation (截肢). Being overweight, physically inactive and having a poor diet are major risk factors for the disease.Scientists at the Harvard School of Public Health in Boston, U. S. , tracked 137,893 nurses aged from 35 to 77 over a ten year period to see how many developed type 2 diabetes. Their dietary habits were closely monitored, including details on how often they ate nuts, particularly walnuts. After allowing for body fat and weight, the researchers found eating walnuts one to three times a month reduced the risk by four per cent, once a week by 13 per cent and at least twice a week by 24 per cent.In a report on the findings the researchers said: "These results suggest higher walnut consumption is associated with a significantly lower risk of type 2 diabetes in women."共23 页第9 页Walnuts are rich in healthy fatty acids(脂肪酸)which have been shown to reduce inflammation (炎症) in the body and protect against heart disease, cancer and arthritis(关节炎). Last year, experts at the University of California Los Angeles also found young men in their twenties and thirties who ate walnuts every day increased their sperm count and boosted their fertility.The research comes just after a Louisiana State University study which showed that eating nuts can reduce people's risk of obesity. The study found that those who consumed varieties such as almonds and pistachios(开心果) demonstrated a lower body weight, body mass index ( BMI) and waist circumference compared to non-consumers. They were also at lower risk of developing heart disease, type 2 diabetes and metabolic syndrome.1. According to the passage, what does "a global epidemic" ( Line 3, Para. 1 ) refer to?A. A disease.B. Type 2 diabetes.C. Cancer.D. Obesity.2. According to the passage, the research published in the Journal of Nutrition _________.A. was carried out on male nursesB. is considered as the largest study of walnuts' anti-diabetic effectsC. emphasizes walnuts' anti-diabetic effectsD. is the first study of walnuts' anti-diabetic effects3. Which of the following can be inferred from Paragraph 3?A. The number of diabetes patients in the UK will double by 2025.B. Type 2 diabetes is mainly triggered by childhood overweight.C. Diet and exercise may reduce the risk of type 2 diabetes.D. Type 2 diabetes will cause a significant increase of weight.4. Which of the following is TRUE about the 137,893 nurses tracked by scientists at theHarvard?共23 页第10 页A. Most of them are female.B. Their eating habits were closely inspected for over ten years.C. Their age is ranging from 35 to 77 years old.D. They have about the same body fat and weight.5. It has been proved that eating nuts can ___________.A. lower people's body weight, BMI and waist circumferenceB. reduce inflammation in the bodyC. lower people's risk of heart disease, cancer and arthritisD. increase young men's sperm count and boost their fertilityPassage 2Most young people enjoy some form of physical activity. It may be walking, cycling or swimming, or in winter, skating or skiing. It may be game of some kind football, hockey, golf, or tennis. It may be mountaineering.Those who have a passion for climbing high and difficult mountains are often looked upon with astonishment. Why are men and women willing to suffer cold and hardship, and to take risks on high mountains? This astonishment is caused probably by the difference between mountaineering and other forms of activity to which men give their leisure.Mountaineering is a sport and not a game. There are no man-made rules, as there are for such games as golf and football. There are, of course, rules of a different kind which it would be dangerous to ignore, but it is this freedom from man-made rules that makes mountaineering attractive to many people. Those who climb mountains are free to use their own methods.If we compare mountaineering and other more familiar sports, we might think that one big共23 页第11 页difference is that mountaineering is not a 'team game'. We should be mistaken in this. There are, it is true, no 'matches' between 'teams' of climbers, but when climbers are on a rock face linked by a rope on which their lives may depend, there is obviously teamwork.The mountain climber knows that he may have to fight forces that are stronger and more powerful than man. He has to fight the forces of nature. His sport requires high mental and physical qualities.A mountain climber continues to improve in skill year after year. A skier is probably past his best by the age of thirty, and most international tennis champions are in their early twenties. But it is not unusual for man of fifty or sixty to climb the highest mountains in Alps. They may take more time than younger men, but they probably climb with more skill and less waste of effort, and their certainly experience equal enjoyment.6. Mountaineering involves____.A. coldB. hardshipC. physical riskD. all of the above7. The difference between a sport and a game has to do with the kind of _____.A. activityB. rulesC. uniformD. participants8. Mountaineering can be called a team sport because_____.A. it is an Olympic eventB. teams compete against each otherC. mountaineers depend on other while climbingD. there are 5 climbers on each team9. Mountaineers compete against______.A. natureB. each otherC. other teamsD. international standards共23 页第12 页招生专业英语语言文学科目名称英语综合科目代码76210. Choose the best title for the passage_______.A. mountaineering is different from golf and footballB. mountaineering is more attractive than other sportsC. mountaineeringD. mountain climbersPassage 3Women’s minds work differently from men’s. At least, that is what most men are convinced of. Psychologists view the subject either as a matter or frustration or a joke. Now the biologists have moved into this minefield, and some of them have found that there are real differences between the brains of men and women. But being different, they point out hurriedly, is not the same as being better or worse.There is, however, a definite structural variation between the male and female brain. The difference is in part of the brain that is used in the most complex intellectual processes – the link between the two halves of the brain.The two halves are linked by a trunkline of between 200 and 300 million nerves, the corpus callosum. Scientists have found quite recently that the corpus callosum in women is always larger and probably richer in nerve fibres than it is in men. This is the first time that a structural difference has been found between the brains of women and men and it must have some significance. The question is “What?”, and, if this difference exists, are there others? Research shows that present-day women think differently and behave differently from men. Are some of these differences biological and inborn, a result of evolution? We tend to think that is the influence of society that produces these differences. But could we be wrong?共23 页第13 页招生专业英语语言文学科目名称英语综合科目代码762Research showed that these two halves of the brain had different functions, and that the corpuscallosum enabled them to work together. For most people, the left half is used for word-handing,analytical and logical activities; the right half works on pictures, patterns and forms. We need both halvesworking together. And the better the connections, the more harmoniously the two halves work.And, according to research findings, women have the better connections.But it isn’t all that easy to explain the actual differences between skills of men and womenon this basis.In schools throughout the world girls tend to be better than boys at “language subjects” and boysbetter at math and physics. If these differences correspond with the differences in thehemispheric thunkline, there is an unalterable distinction between the sexes.We shan’t know for a while, partly because we don’t know of any precise relationshipbetween abilities in school subjects and the functioning of the two halves of the brain, and wecannot understand how the two halves interact via the corpus callosum. But this strikingdifference must have some effect and, because the difference is in the parts of the brain involvein intellect, we should be looking for differences in intellectual processing.11. Which of the following statements is CORRECT?A. Biologists are conducting research where psychologists have given up.B. Brain differences point to superiority of one sex over the other.C. Results of scientific research fail to support popular belief.D. The structural difference in the brain between the sexes has long been known.12. According to the passage it is commonly believed that brain differences are caused by____ factors.A. biologicalB. psychologicalC. physicalD. social共23 页第14 页13. “These differences” in Paragraph 5 refer to those in ____.A. skills of men and womenB. school subjectsC. the brain structure of men and womenD. activities carried out by the brain14. At the end of the passage the author proposes more work on ____.A. the brain structure as a wholeB. the functioning of part of the brainC. the distinction between the sexesD. the effects of the corpus callosum15. What is the main purpose of the passage?A. To outline the research findings on the brain structure.B. To explain the link between sex and brain structure.C. To discuss the various factors that cause brain differences.D. To suggest new areas in brain research.Passage 4To the 19th-century French poet Charles Baudelaire, there was no such thing as a bad smell. What a squeamish, oversensitive bunch he would have deemed the denizens of the 20th-century America, where body odors are taboo, strong aromas are immediately suppressed with air freshener and perfume, long celebrated for its seductive and healing powers, is banned in some places to protect those with multiple chemical sensitivities.Indeed, in the years since Baudelaire set pen to paper, civilization has played havoc with the natural state of all the human senses, technology providing the ability not only to tame and to mute but also to tease and over-stimulate. Artificial fragrances and flavors trick the nose and tongue. Advertisers dazzle the eyes with rapid-fire images. Wailing sirens vie with the beeping of pagers to challenge the ears’ ability to cope.共23 页第15 页Yet even as we fiddle with the texture and scope of our sensibilities, science is indicating it might behoove us to show them a bit more respect. Growing evidence documents the surprising consequences of depriving or overwhelming the senses. And failing to nurture our natural capabilities, researchers are discovering, can affect health, emotions, even intelligence. Hearing, for example, is intimately connected to emotional circuits: When a nursing infant looks up from the breast, muscles in the middle ear reflexively tighten, readying the child for the pitch of a human voice. The touch of massage can relieve pain and improve concentration. And no matter how we spritz or scrub, every human body produces a natural odor as distinctive as the whorls on the fingertips, an aroma that research is showing to be a critical factor in choosing a sexual partner.Beyond their capacity to heal and delight, the senses have also opened a window on the workings of the human brain. A flood of studies on smell, sight, hearing, touch and taste in the last two decades have upended most of theories about how the brain functions. Scientists once believed, for example, that the brain was hard-wired at birth, the trillions of connections that made up its neural circuits genetically predetermined. But a huge proportion of neurons in a newborn infant’s brain, it turns out, require input from the senses in order to hook up to one another properly.It is a similar case with a scientific theory until recently held that the sense organs did the lion’s share of processing information about the world: The eye detected movement; the nose recognized smell. But researchers now know that ears, eye and fingers are only way stations, transmitting signals that are then processed centrally. “The nose doesn’t smell, the brain does,” says Richard Axel, a molecular biologist at Columbia University. Each of our sense shatters共23 页第16 页experiences into fragments, parsing the world like so many nouns and verbs, then leaving the brain to put the pieces back together and make sense of it all.In labs across the country, researchers are drafting a picture of the sense that promises not only to unravel the mysterious tangle of the nerves in the brain but also to offer reasons to revel in sensuous experience. Cradling a baby not only feels marvelous, scientists are finding, but it is absolutely vital to a newborn’s emotional and cognitive development. And the results of this research are beginning to translate into practical help for people whose senses are impaired: Researchers in Boston last year unveiled a tiny electronic device called a retinal chip that one day may restore sight to people blinded after childhood. Gradually, this new science of the senses is redefining what it means to be a feeling and thinking human being. One day it may lead to an understanding of consciousness itself.16. The author in the first two paragraphs intends to argue that ___________.A.technology has disrupted the natural states of the human sensesing perfume to suppress body odors is not correctC.what French poet Charles Baudelaire said is true to our lifeD.our noses and tongues have been tricked by artificial fragrances17. Research findings indicate that if our senses are ill-treated, _______.A.our physical health can be affectedB. a person can be affected enormouslyC.our intelligence can be influencedD.our emotional states can be disturbed共23 页第17 页18. Which of the following statements if true?A.The sense organs process the world information.B.The eyes discover movement.C.The nose determines smells.D.The sense organs cannot process information.Passage 5So what have they taught you at college about interviews? Some courses go to town on it, others do very little. You may get conflicting advice. Only one thing is certain: the key to success is preparation.There follow some useful suggestions from a teacher training course coordinator, a head of department and a head teacher. As they appear to be in complete harmony with one another despite never having met, we may take their advice seriously.Oxford Brookes University’s approach to the business of application and interview focuses on research and rehearsal. Training course coordinator Brenda St evens speaks of the value of getting students “to deconstruct the advertisement , see what they can offer to that school, and that situation, and then write the letter, do their CVs and criticize each other’s.” Finally, they role play interviewer and interviewee.This is sterling stuff, and Brookes students spend a couple of weeks on it. “The better prepared students won’t be thrown by nerves on the day,” says Ms Stevens. “They’ll have their strategies and questions worked out.” She also says, a trifle disconcertingly, “the better the student, the worse the interviewee.” She believes the most capable students are less able to put themselves forward. Even if this were tree, says Ms Stevens, you must still make your own共23 页第18 页case.“Beware of infernality,” she advises. One aspirant teacher, now a head of department at a smart secondary school, failed his first job interview because he took his jacket off while waiting for his appointment. It was hot and everyone in the staffroom was in shirtsleeves but at the end of the day they criticized his casual attitude, which they had deduced from the fact that he took his jacket off in the staffroom, even though he put it back on for the interview.Incidentally, men really do have to wear a suit to the interview and women really cannot wear jeans, even if men never wear the suit again and women teach most days in jeans. Panels respond instantly to these indicators. But beware: it will not please them any better if you are too smart.Find out about the people who will talk to you. In the early meetings they are likely to be heads of departments or heads of year. Often they may be concerned with pastoral matters. It makes sense to know their priorities and let them hear the things about you that they want to hear.During preliminary meetings you may be seen in groups with two or three other applicants and you must demonstrate that you know your stuff without putting your companions down. The interviewers will be watching how you work with a team.But remember the warning about informality: however friendly and co-operative the other participants are, do not give way to the idea that you are there just to be friends.Routine questions can be rehearsed, but “don’t go on too long,” advises the department head. They may well ask: “What have been your worst/best moments when teaching?”, or want you to “talk about some good teaching you have done.” The experts agree you should recognize your weaknesses and offer a strategy for over coming them. “I know I’ve got to work共23 页第19 页。
2015年复旦431金融学综合真题完整版(含参考答案)
2015 年复旦 431 金融学综合试题完整版（含参考答案）一、名词解释（每小题 5 分，共 25 分）1. 到期收益率：到期收益率是指来自于某种金融工具的现金流的现值总和与其今天的价 值相等时的利率水平，公式如下：01(1)n t t t CF P y ==+∑其中， P0表示金融工具的当前市价，CFt 表示在第t 期的现金流，n 表示时期数，y 表示到期收益率。
（《金融市场》P243）2. 系统性风险：系统性风险是由那些影响整个金融市场的风险因素所引起的，这些因素包括经济周期、宏观经济政策的变动等。
这类风险影响所有金融变量的可能值，无法通过分散投资相互抵消或削弱，因此又可称为不可分散风险。
（《金融市场》P290）3. 有效汇率：有效汇率是指某种加权平均的汇率，最常用的是以一国对某国的贸易在其全部对外贸易中的比重 为权数。
以贸易比重为权数的有效汇率反映的是一国货币汇率在国际贸易中的总体竞争力和总体波动浮动，其汇率的公式为：……有效汇率的关键特点在于加权，它既可以是对名义汇率加权，也可以是对实际汇率加权，分别得到名义有效汇率和实际有效汇率。
（《国际金融新编》P56，2004年金融联考和2011年复旦431都考过~）4. 格雷欣法则：在金银双本位制下，金银两种货币按国家规定的法定比例流通，结果官方的金银比价与市场自发金银比价平行存在。
当金币与银币的实际价值与名义价值相背离，从而使实际价值高于名义价值的货币（即所谓“良币”）被收藏、熔化而退出流通，实际价值低于名义价值的货币（即所谓“劣币”）则充斥市场，这就是格雷欣法则。
（《现代货币银行学教程》P14，参考《习题指南》P7, 2004年金融联考考过）5. 利息税盾效应：利息税盾效应即债务成本（利息）在税前支付，而股权成本（利润）在税后支付，因此企业如果要向债券人和股东支付相同的回报，对后者则实际需要生产更多的利润。
例如……因此“税盾效应”使企业贷款融资相比股权融资更为便宜。
华东师范大学2015年 金融专硕431金融学综合考研真题和答案解析
华东师范大学2015年金融学综合试题一、单项选择题（本大题共20小题，每小题1分，共20分）1.信用的基本特征是（）。
A.平等的价值交换B.无条件的价值单方面让渡C.以偿还为条件的价值单方面转移D.无偿的赠与或援助2.利率的变动只能影响社会总需求，要调整总供给的结构和趋向，需要（）。
A.市场化的利率决定机制B.灵活的利率联动机制C.适当的利率水平D.合理的利率结构3.金融创新增强了货币供给的（）。
A.外生性B.内生性C.可控性D.可测性4.银行同业拆借市场的期限一般不超过（）。
A.7天B.1个月C.4个月D.1年5.中央银行是“银行的银行”，它集中管理商业银行的（）。
A.库存现金B.股票C.存款准备金D.债券6.凯恩斯学派认为货币政策传导过程中发挥重要作用的是（）。
A.基础货币B.法定存款准备金C.货币供应量D.利率7.在多种利率并存的条件下起决定作用的利率是（）。
A.基准利率B.差别利率C.实际利率D.公定利率8.在国际收支平衡表中，投资收益属于（）。
A.经常项目B.资本项目C.金融项目D.错误与遗漏项目9.正确描述国际收支概念的是（）。
A.国际收支是一个存量B.国际收支是一个流量C.国际收支记录本国居民间交易D.国际收支记录非本国居民间交易10.长期以来一直采用间接标价法来表达其官方汇率的国家是（）。
A.美国B.日本C.英国D.德国11.下列活动中，不属于筹资活动的是（）。
A.非定向增发B.发行债券C.向银行借款D.处置固定资产以收回现金12.将1000元存入银行，年利率8%，复利计息，则3年后本息和（）。
A.12597元B.12400元C.10000元D.15620元13.发生在每期期初的年金，称为（）。
A.预付年金B.普通年金C.永续年金D.递延年金14.经营杠杆系数为3，总杠杆系数为4.5，则财务系数等于（）。
A.3B.0.5C.1.5D.3.515.资金每增加一个单位而增加的成本称为（）。
【2015年华侨大学考研真题考研真题】849专业课试卷
Ships（shipname，class，launched）Battles（battlename，date）Outcome（shipname，battlename，result）相同设计的舰船组成一个“类”，Classes表示舰船的类，记录了类的名字、型号（type，其中bb表示主力舰，bc表示巡洋舰）、生产国家、火炮门数、火炮尺寸（或口径，单位市英寸）和排水量（重量，单位是吨）。
关系ships记录了战舰的名字、舰船的类属名字，开始服役的日期。
关系Battles给出了这些舰船参加的战役的时间，关系Outcome给出了各个舰船在各场战役中的结果（有沉没、受伤和完好三种结果）。
写出实现下列各题的关系代数表达式：（1）查询火炮口径大于16英寸的舰船类名和生产国家。
（3分）（2）查询既有主力舰又有巡洋舰的国家。
（3分）（3）查询在“north atlantic”战役中被击沉的的战舰的名称。
（3分）写出实现下列各题的SQL语句：（4）查询至少有10门火炮的军舰类别名称和制造国家。
（3分）（5）查询Kongo类型船只参加的战役。
（3分）（6）统计每一类战舰所具有的舰船的数量、平均的火炮数量。
（3分）（7）设class，country分别为最大长度为8和10的可变长字符串，type为长度为2的字符串，其他属性均为数值型，写出创建Classes表的SQL语句，并设定其主键为class，且type属性为非空。
（3分）5、已知关系模式PP(ProductName，Partname，totalnum），该关系模式表示表示某个产品中包含了什么样的零部件，共需多少个。
productname代表产品的名字，partname代表零部件名字，totalnum代表需要相应零部件的数量。
假设每个产品的名字和每个零部件的名字都不一样。
在上述关系上执行下面3种数据库操作：Q1： select productnamefrom PPwhere partname=’part1’Q2: select partnamefrom PPwhere productname=’product1’I: insert into PP values(‘productname1’,’partname1’,10)对数据作如下设定：1、实现上述查询和插入操作，所需的代价主要的是对磁盘的读写操作，其得他可以忽略不计。
(5)2015年对外经济贸易大学431金融学综合考研真题
2015年对外经济贸易大学431金融学综合考研真题一、单项选择题（2×10）1. M KPY是哪项学说的观点？（）A. 现金交易说B. 现金余额说C. 可贷资金理论D. 流动性溢价理论2. 不需要在场内交易的金融产品是（）。
A. 期货B. 期权C. 基金D. 汇率远期3. 央行发行1000万货币，货币当局的资产负债表的变化是（）。
A. 货币发行增加1000万，准备金增加1000万，整个资产负债总量增加B. 货币发行增加1000万，准备金减少1000万，整个资产负债表不变C. 货币发行减少1000万，准备金增加1000万，整个资产负债表不变D. 货币发行增加1000万，准备金增加1000万，整个资产负债表不变4. 弗里德曼对货币的定义是（）。
A. 狭义货币B. 购买力的栖息地/寄托物C. 准货币D. 广义货币5. 关于固定汇率的描述正确的是（）。
A. 有助于稳定的国际贸易和投资B. 防止通货膨胀在国际间传染C. 有助于各国货币政策的自主性D. 有助于建立稳定的货币制度6. 关于国际收支，下列说法正确的是（）。
A. 国际收支是个存量的概念B. 对未涉及货币收支的交易不予记录C. 国际收支并非国际投资头寸变动的唯一原因D. 它是本国居民与菲居民之间货币交易的总和7. 以下关于资本市场线CML和证券市场线SML的表述中，错误的是（）。
A. 在SML上方的点是被低估的资产B. 投资者应该为承担系统性风险而获得补偿C. CML能为均衡时的任意证券或组合定价D. 市场组合应该包括经济中所有的风险资产8. 根据CAPM，假定市场期望收益率为9%，无风险利率为5%,x公司股票的期望收益率为11%，其贝塔值为1.5，以下说法中正确的是（）。
A. X股价被高估B. X股票被公平定价C. X股价被低估D. 无法判断9. 金融机构分析企业财务报表的重点是（）。
A. 营业能力B. 获利能力C. 偿债能力D. 资产管理10. 某企业的资本总额为150万元，权益资本占55%,，负债利率为12%，当前销售额100万元，息税前收益为20万元，则财务杠杆系数为（）。
2015清华大学431金融学综合回忆版真题
2015清华大学431金融学综合回忆版真题1、以下哪一个是系统性风险A、木材价格剧烈下降B、航空公司飞行员罢工C、人行调整基准利率D、人们抵制去快餐厅2、你持有9个月后到期的国债期货，如果利率期限结构上的所有利率在这9个月中整体下降，那么你持有的国债期货价格将在到期时A、下降B、升高C、不变D、由于国债到期日不同而不确定3、一个公司预期本公司的股票价格讲下跌，该公司在股票价格下跌之前发行哪种证券为最优选择A、可转债B、可转优先股C、普通债D、以上三者无区别4、一个固定收益基金经理希望持有价格波动率最大的债权，其应该持有A、短期高息票债券B、长期低息票债券C、长期零息票债券D、短期低息票债券5、某公司负债2000万元，股权账面价值4000万元，股权市场价值8000万元，年运营收入为400万元，公司资产负债率为：A、50%B、40%C、33.33%D、25%6、下面哪些不属于公司的资本预算活动：A、举债进行股票回购B、向竞争对手购买其用户信息C、为研发部门雇佣一名工程师D、在中央商务区开一家餐馆7、一家银行每季度支付的年利率（APR）为8%，其有效年利率（EAR）是多少？A、8%B、8.24%C、8.35%D、8.54%8、某公司2014年有一笔100万元的经营支出，公司税率为30%，该支出使得：A、应纳税收入减少了30万元B、应纳税收入减少了70万元C、税后收益减少70万元D、纳税减少70万元9、下面哪种行为属于直接融资行为？A、你向朋友借了10万元B、你购买了10万元余额宝C、你向建设银行申请了10万元汽车贷款D、以上都是10、通常，向商业银行申请贷款的会比银行掌握更多关于自身投资项目的信息。
这种信息上的差异称为（），它会产生（）问题。
A、逆向选择风险分担B、不对称信息风险分担C、逆向选择道德风险D、不对称信息逆向选择11、下面哪一项不属于中央银行的负债：A、政府在央行的存款B、储备货币C、外汇储备D、金融性公司在央行的存款12、扩张性货币政策通常会导致：A、产出增加和利率下降B、产出不变和利率下降C、通货膨胀和利率上升D、通货紧缩和利率上升13、如果资本可自由流动，下面哪个说法较为确切A、在固定汇率制和浮动汇率制下，财政政策对产出的影响是一样的B、相比浮动汇率制，在固定汇率下财政政策对产出的影响更大C、相比浮动汇率制，在固定汇率下财政政策对产出的影响更小D、以上都是错误的14、30年期限，10%票面利率的债券面值是100元，目前债券售价98元，那么债券收益率应该A、大于10%B、小于10%C、等于10%D、无法判断15、一只股票年化期望收益率是10%，该股票的标准差40%，年化无风险利率是2%，那么该股票的夏普比率是多少A、0.25B、0.2C、0.33D、0.516、假设股票X收益率的标准差是50%，股票市场收益率的标准差为20%，股票X收益率与股票市场收益率的相关性是0.8，那么股票X的贝塔系数是A、0B、2C、0.8D、无法判断17、假设一个公司的资本结构由2000万元的股权资本和3000万元的债券资本构成，该公司股权资本的融资成本是15%，债权资本的融资成本是5%，同时假设该公司税率是40%，那么该公司的加权平均资本成本（WACC）是多少A、7.8%B、9%C、10%D、6%18、假设某企业的净利润固定是4400万元，并且该企业每年将所有净利润都作为股息发放给投资者，该企业共发行了1100万股票，假设该企业从明年开始第一此发放股息，该企业股票的价格是多少A、4元B、44元C、400元D、40元19、假设一个公司全年的EBIT（息税前利润）是100万元，折旧是20万元，净运营资本增加了10万元，税率是40%，那么该公司今年的自由现金流是多少A、40万元B、50万元C、60万元D、70万元20、A、B、C、D四只股票之间的相关系数如下：Covv（A，B）=0.85；Covv（A，C）=0.60；Covv（A，D）=0.45，每只股票的期望收益为80%，标准差均为20%，如果此前投资者只持有股票A，目前允许选取另一种股票组成资产组合，那么投资者选择哪只股票才能使投资组合最优？A、BB、CC、DD、需要更多信息21、以下哪个不属于央行传统的三大货币政策工具A、法定准备金B、消费者信用控制C、再贴现率D、公开市场业务22、“半强有效市场假说”认为股票价格A、反映了以往的全部价格信息B、反映全部的公开信息C、反映了包括内幕信息在内的全部相关信息D、是可以预测的23、根据有效市场假定A、贝塔值大的股票往往定价过高B、贝塔值小的股票往往定价过高C、阿尔法值为正的股票，正值会很快消失D、阿尔法值为负的股票往往会产生低收益24、根据CAPM模型，贝塔值为1.0，阿尔法值为0的资产组合的预期收益率为A、在市场预期收益率和与风险收益率之间B、无风险利率C、市场预期收益率和与风险收益率之差D、市场预期收益率25、根据CAPM模型假定：市场的预期收益率为15%，无风险利率为8%；X证券的预期收益率为17%，X的贝塔值为1.25，以下哪项说法正确：A、X被高估B、X正确定价C、X的阿尔法值为-0.25%D、X的阿尔法值为0.25%26、根据费雪效应，以下不正确的是：A、在长期，且货币是中性的情况下，货币增长的变动不影响真实利率B、在长期，且货币是中性的情况下，货币增长的变动不影响名义利率C、名义利率根据通货膨胀一对一调整D、通货膨胀上升时，名义利率上升27、如果美联储大量印发美元，那么下列哪项是不正确的？A、1美元所能购买的日元数量减少B、引起美国物价水平上升C、美元相对日元贬值D、美国经济增长超过日本28、下面哪项会减少中国净支出A、一个中国艺术教授利用暑假参观欧洲博物馆B、美国学生纷纷去观看中国拍摄的电影C、你购买了一辆德国产奔驰D、日本大学生在学生书店买了一个中国制造的玩具熊29、假设美国共同基金突然决定更多的在加拿大投资，那么A、加拿大净资本流出上升B、加拿大国内投资增加C、加拿大储蓄上升D、加拿大长期资本存量降低30、下面关于法定准备金的说法错误的是：A、法定准备金是银行根据其存款应该持有的最低准备金B、法定准备金影响银行体系可以用1美元创造出多少货币C、当美联储提高法定准备金率时，意味着银行必须持有更多准备金D、当美联储提高法定准备金率时，增加了货币乘数，并增加了货币供给二、计算题1、（10分）假设中国的A公司出售一批货物给美国的B公司，6个月后将收到3000万美元货款，A公司希望控制汇率风险，假定目前的即期中美回来为1美元=6.13元人民币，6个月期的远期汇率为1美元=6.21元人民币。