金融英语考试模拟试题及答案(09)
SECTION ONE (Compulsory)：Answer all ten questions in this section. Each question carries 1 mark.
1. Multiple-choice questions: from the following four options, select a correct and fill in its labeling the brackets. (A total of 10 points)
1. A production function for a firm describes: ()
A. What should be produced to maximize profit.
B. What is technologically feasible when the firm produces efficiently.
C. What revenue is earned from producing efficiently.
D. What the firm produces with given inputs.
2. Which of the following is not a characteristic of a competitive industry? ()
A. There are many firms.
B. All firms produce homogeneous products, which are substitutable for each other.
C. There is a fierce price war among rivals.
D. Firms can enter and exit the industry freely.
3. The Central Bank in the open market buying and selling of securities is designed to: ()
A. regulation bond prices
B. achieve profit maximization
C. regulate money supply
D. adjust prices level
4. What unemployment is formed because of the economic recession? ()
A. friction unemployment
B. structural unemployment
C. cyclical unemployment
D. natural unemployment
5. After a long race on a hot day, a runner enjoys her first drink a lot, the second she enjoys less and she declines a third drink. This illustrates the principle of: ()
A. Increasing marginal utility.
B. Decreasing marginal utility.
C. Increasing marginal cost.
D. Decreasing marginal cost.
6. On a hot day, the price and the quantity sold of ice creams both increase. This can reflect a: ()
A. Shift in the demand curve to the right.
B. Move along the demand curve.
C. Shift in the demand curve to the left.
D. Shift in the supply curve to the right.
7. When a country’s currency appreciates, the country’s goods abroad become ______ and foreign goods in that country become ______.
A. cheaper... more expensive
B. more expensive... cheaper
C. cheaper...cheaper
D. more expensive... more expensive
8. A US company is bidding for a contract in China. Its Chinese customer asks for a performance bond. What is the most likely course of action? ()
A. It asks its bank to issue a tender bond which can be converted into a performance bond
B. It gives up its bid
C. It consults its bank about issuing a standby letter of credit
D. It asks its bank to issue a performance bond
9. There is a deficit in the federal budget when: ()
A. Federal government spending is greater than federal tax revenues.
B. U.S. imports are greater than U.S. exports.
C. The total demand for money is greater than the total supply of money.
D. U.S. imports are smaller than U.S. exports.
10. Mrs. Jones purchased a 20-year Treasury bond bearing a 12% coupon rate. She purchased the bond at par ($1000). If rates fall to 9% what will be the new price of the bond? ()
A. $1333
B. $1500
C. $750
D. $900
E. There will be no change in the price of the bond.
1. Multiple-choice questions: from the following four options, select a correct and fill in its labeling the brackets. (A total of 10 points)
1. A production function for a firm describes: ()
A. What should be produced to maximize profit.
B. What is technologically feasible when the firm produces efficiently.
C. What revenue is earned from producing efficiently.
D. What the firm produces with given inputs.
2. Which of the following is not a characteristic of a competitive industry? ()
A. There are many firms.
B. All firms produce homogeneous products, which are substitutable for each other.
C. There is a fierce price war among rivals.
D. Firms can enter and exit the industry freely.
3. The Central Bank in the open market buying and selling of securities is designed to: ()
A. regulation bond prices
B. achieve profit maximization
C. regulate money supply
D. adjust prices level
4. What unemployment is formed because of the economic recession? ()
A. friction unemployment
B. structural unemployment
C. cyclical unemployment
D. natural unemployment
5. After a long race on a hot day, a runner enjoys her first drink a lot, the second she enjoys less and she declines a third drink. This illustrates the principle of: ()
A. Increasing marginal utility.
B. Decreasing marginal utility.
C. Increasing marginal cost.
D. Decreasing marginal cost.
6. On a hot day, the price and the quantity sold of ice creams both increase. This can reflect a: ()
A. Shift in the demand curve to the right.
B. Move along the demand curve.
C. Shift in the demand curve to the left.
D. Shift in the supply curve to the right.
7. When a country’s currency appreciates, the country’s goods abroad become ______ and foreign goods in that country become ______.
A. cheaper... more expensive
B. more expensive... cheaper
C. cheaper...cheaper
D. more expensive... more expensive
8. A US company is bidding for a contract in China. Its Chinese customer asks for a performance bond. What is the most likely course of action? ()
A. It asks its bank to issue a tender bond which can be converted into a performance bond
B. It gives up its bid
C. It consults its bank about issuing a standby letter of credit
D. It asks its bank to issue a performance bond
9. There is a deficit in the federal budget when: ()
A. Federal government spending is greater than federal tax revenues.
B. U.S. imports are greater than U.S. exports.
C. The total demand for money is greater than the total supply of money.
D. U.S. imports are smaller than U.S. exports.
10. Mrs. Jones purchased a 20-year Treasury bond bearing a 12% coupon rate. She purchased the bond at par ($1000). If rates fall to 9% what will be the new price of the bond? ()
A. $1333
B. $1500
C. $750
D. $900
E. There will be no change in the price of the bond.