金融学题

1金融學題庫

B 1. The diagram below is a diagram of the

A. secondary markets

B. primary markets

C. money markets

D. derivatives markets

1.下图是A.二级市场B.初级市场C.货币市场D.衍生品市场的关系图

A 2. Which of the following is a money market instrument?

A. Negotiable CDs

B. Common stock

C. T-bonds

D. 4-year maturity corporate bond

2。以下哪一个货币市场工具？A.可转让票据Cd B.常见股票C.T 债券D.4 年期企业债券C 3. Money markets trade securities that: I. Mature in one year or less; II. Have little chance

of loss of principal; III. Must be guaranteed by the federal government.

A. I only

B. II only

C. I and II only

D. I and III only

3 (C)。货币市场交易证券的：一、成熟在一年或更少；二.很少有机会损失本金；三.必须由联邦政府保证。A.我只 B.二唯一C.一和二只D.第一和三只

D 4. An investor wants to be able to buy 4% more goods and services in the future in order

to induce her to invest today. During the investment period prices are expected to rise

by 2%. Which statement(s) below is/are true? I. 4% is the desired real rate of interest;

II. 6% is the approximate nominal rate of interest required; III. 2% is the expected

inflation rate over the period.

A. I only

B. II only

C. III only

D. I, II, and III are true

4 (D)。投资者想能买4%更多商品和服务在未来以诱使她今天投资。在投资期内价格预计将上涨2%。下面的语句是/属实？I.4%是所需实际利率；二.6%是近似名义利率所需；三.2%在期间是预期的通货膨胀率。A.我只B.第二只C.三只D.一、二和三则

B 5. The relationship between maturity and yield to maturity is called the

__________________.

A. loan covenant

B. term structure

C. bond indenture

D. Fisher effect

5 (B)。到期日和到期收益率之间的关系称为___。A.贷款期限结构公约B.C.债券契约D.费雪效应

2 D 6. Classify each of the following in terms of their effect on interest rates (increase or decrease): I. Covenants on borrowing become more restrictive; II. The Federal Reserve increases the money supply; III. Total household wealth increases.

A. I increases; II increases; III increases

B. I increases; II decreases; III decreases

C. I decreases; II increases; III increases

D. I decreases; II decreases; III decreases

2 6。分类的方面及其对利率（增加或减少）的影响，下列每个：一、盟约》借款成为限制性更强；二.美联储增加货币供应;三.共有家庭财富增加。A.我会增加；二、增加；

三、增加B.增加了；二、减；三、减少 C.减少了；二、增加；三、增加D.减少了；二、减；三、跌幅

A 7. According to the liquidity premium theory of interest rates,

A. long-term spot rates are higher than the average of current and expected future

short-term rates

B. investors prefer certain maturities and will not normally switch out of those

maturities

C. investors are indifferent between different maturities if the long-term spot rates are

equal to the average of current and expected future short-term rates

D. the term structure must always be upward sloping

7。根据利率的流动性溢价理论，A.长期现货率均高于平均当前和预期未来短期利率B.投资者喜欢某些到期期限，通常不会切换出那些到期日C.投资者是冷漠之间不同到期期限如果长期现货率相等的当前和预期未来短期利率D.期限结构必须始终向上倾斜的平均

C 8. A security has an expected return less than its required return. This security is

A. selling at a premium to par.

B. selling at a discount to par.

C. selling for more than its PV.

D. selling for less than its PV.

8 (C)。安全一直是预期收益率小于其必需的回报。这种安全性是A.面值的溢价出售。B.在par 的折扣出售。C.出售其PV 超过。D.为其光伏小于销售。

D 9. According to the unbiased expectations theory,

A. markets are segmented and buyers stay in their own segment

B. liquidity premiums are negative and time varying

C. the term structure will most often be upward sloping

D. the long-term spot rate is an average of the current and expected future short-term

interest rates

D 9。不带偏见的期望理论，A.市场分段和买家逗留在自己部分B.流动性溢价是消极，时间不同C.期限结构将最常被向上倾斜D.长期现货率是目前和预期未来短期利率的平均

B 10. Duration is

A. the elasticity of a security's value to small coupon changes.

B. the weighted average time to maturity of the bond's cash flows.

C. the time until the investor recovers the price of the bond in today's dollars.

D. greater than maturity for deep discount bonds and less than maturity for premium