2023年贵州金融英语考试模拟卷.docx

2023年贵州金融英语考试模拟卷本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.A Treasury bill with a face value of $1000000 and 45 days until maturity is selling for $987000. The Treasury bill's bank discount yield is closest to:（）A. 5.20%.B. 7.90%.C. 10.40%.2.A stock is currently worth $ 75. If the stock was purchased one year ago for $ 60, and the stock paid a $1.50 dividend over the course of the year, what is the holding period return（）A24.0%.B22.0%.C27.5%.3.If a distribution is positively skewed, then generally you could say:（）A. mean median mode.B. mean median mode.C. mean median mode.4.Use the results from the following survey of 500 firms to answer the question.（）A50B150C1005.If $ 2500 were put into an account at the end of each of the next 10 years earning 15 percent annual interest, how much would be in the account at the end of ten years（）A. $ 27461.B. $ 50759.C. $41965.6.Use the results from the following survey of 500 firms to answer the question.（）A6B10C157.Still in the above case, three months after the transaction, the market price of the same computer rose by US $ 150. So the price of the computer shall bc booked at the price _.AUS $ 300BUS $ 100CUS $ 90DUS $ 250 8.An investor purchases a property for $1000000, financing 92 percent of the purchase price. He plans to sell the property four years later for $1200000. The expected net cash flows for the investment are as follows:（）A$25312B$23450C$169564.9.If the components _ delivered earlier we might have been able to start work on time.Amight have beenBwereChad beenDwere to 10.The least likely way to terminate a swap agreement prior to expiration is to:()A. make/receive a payment to/from the original counterparty.B. sell the swap.C. enter into an offsetting swap.11.An investor writes a covered call on a $40 stock with an exercise price of $50 for a premium of $2. The investor's maximum:AA. gain will be $12.BB. gain will be $2.CC. loss will be $40. 12.Three 125000 euro futures contracts are sold at a price of $1.0234. The next day the price settles at $1.0180. The mark to market for this account changes the previous day's margin by :AA. + $675.BB. - $675.CC. + $2025. 13.The price of a 90-day forward contract on a 90-day Treasury bill will be:()A. above the current price of a 90-day T-bill.B. above the current price of a 180-day T-bill.C. either above or below the current price of a 180-day T-bill.14.The following profit/loss diagram is for what type of position()A. Long put.B. Long stock, long put (portfolio insurance).C. Long stock, short call (covered call).15.A portfolio manager is long an equity index contract at 995.6 with a notional value of $40 million. If the index is at 969.2 on the settlement date, the amount the manager must pay is closest to :AA. $1.09 million.BB. $38.91 million.CC. $1.06 million. 16.If a regulatory agency intervenes to reduces, a natural monopoly will most likely expend output to the level where:（）A. average cost equals price.B. average cost equals marginal revenue.C. marginal cost equals marginal revenue.17.None of the following is a company's operating cash needs except _.AreceivableBtaxes payableCaccrualsDaccount payable 18.Which of the following measures is NOT used as a market environment technical trading signal（）A. PEG ratio (P/E ratio divided by expected growth rate).B. Market breadth (advance/decline ratio).C. Short interest ratio.19.Something that oligopolists will try to engage in with another firm in setting a higher price is called :（）A. high economic profits.B. prisoner's dilemma.C. collusion.20.Which of the following most accurately describes the relationship between price (P), marginal cost (MC), and marginal revenue (MR) at the profit maximizing output level for a firm in a perfectly competitive industry（）A. PMC=MR.B. P=MC=MR.C. PMCMR.21.All of the following are barriers to entry EXCEPT:（）A. price controls.B. resource controls.C. patents.22.According to the Keynesian view, an increase in which of the following would most likely decrease current aggregate demand（）A. Budget deficit.B. Transfer payments.C. Personal income tax rates.23.Which of the following regarding monopolistic competition is TRUE（）A. Zero barriers to entry and exit exist.B. The demand curve for an individual firm is a straight horizontal line.C. Each firm produces a differentiated product.24.The firm's demand curve for labor is:（）A. identical to the supply curve of the output product. B. the mirror image of the supply curve of the output product. C. the downward sloping portion of the marginal revenue product of labor curve. 25.If an oligopoly is characterized by fierce competition, in long-run equilibrium the firms in the market will earn:（）A. zero economic profits.B. substantial economic losses.C. substantial economic profits.26.Characteristics of monopolistic competition include all of the following EXCEPT:（）A. differentiated products.B. high barriers to entry.C. large numbers of independent sellers.27.Which of the following is most likely to be considered a characteristic of an oligopolistic industry（）A. Few barriers to entry.B. Few economies of scale.C. A great deal of interdependence among firms.28.A recent report on the Consumer Price Index (CPI) presented the following data for the basket of goods in the apparel category:（）A103.67B15.60C16.429.Natural monopolies exist because they can produce at lower costs with greater output, which means there are economies of scale. Which of the following industries is typically a natural monopoly（）A. Technology.B. Utilities.C. Oil.30.An oligopoly is characterized by all of the following EXCEPT:（）A. large economies of scale.B. significant barriers to entry.C. a large number of sellers.31.In the long run, a perfectly competitive firm will earn（）A. Small economic profits.B. Large accounting profits.C. Zero economic profits.32.The steeper a firm's marginal revenue product curve for a given resource, the:（）A. more elastic the firm's demand curve for the resource.B. less elastic the firm's demand curve for the resource.C. higher the mobility of the resource.33.When producers expend resources to establish monopoly power in a market, this is called:（）A. surplus allocation.B. resource rationalization.C. rent seeking.34.The natural rate of unemployment exists when:（）A. the economy operates below full employment.B. the economy operates at full employment.C. frictional unemployment is zero.35.What is the relationship between price and marginal revenue for a price searcher（）A. Marginal revenue price.B. Marginal revenue price.C. Marginal revenue = price.36.According to basic Economics Theory, As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in :（）A. both output and prices.B. neither output nor prices.C. prices and a decrease in output.37.Under perfect competition, a firm will experience zero long term economic profit when:（）A. price is less than average total cost.B. MR is greater than ATC.C. MC = ATC = MR = price.38.In the long-run, a firm operating under perfect competition will:（）A. generate zero economic profit.B.face a vertical demand curve.C. become a price-searcher.39.For which of the following natural resources does the appropriate model indicate that the price is determined by demand rather than by supply（）A. Oil.B. Old-growth timber.C. Farm land.40.A perfectly competitive firm will not expand its output beyond the quantity where:（）A. the market price is equal to its marginal cost.B. its marginal revenue is positive.C. the marginal cost is greater than marginal revenue.41.There are four main barriers to entry. Which of the following is NOT a barrier to entry（）A. Patents.B. Resource Control.C. Allocative Efficiency.42.Which of the following factors is most likely to increase aggregate demand（）A. Increasing real interest rates.B. An expected decrease in future prices.C. An increase in real wealth.43.When workers agree to forego leisure to undertake labor and receive wages, the term that is applied in labor supply economics is the:（）A. substitution effect.B. income effect.C. marginal rate of substitution.44.The short-run supply curve for a firm in a perfectly competitive market is equal to the firm's:（）A. ATC curve.B. AVC curve.C. MC curve.45.A firm in a perfectly competitive market will tend to expand its output as long as:（）A. its marginal revenue is positive.B. the market price is greater than the marginal cost.C. its marginal revenue is greater than the market price.46.A competitive firm will tend to expand its output as long as:（）A. its marginal revenue is positive.B. the market price is greater than the marginal cost.C. its marginal revenue is greater than the market price.47.A practice whereby a seller charges different prices to different consumers of the same product or service is called:（）A. price discrimination.B. price competition.C. fractional pricing.48.A monopolist will continue expanding output as long as:（）A. marginal revenue is positive.B. marginal revenue is greater than marginal cost.C. average total costs are declining.49.At full employment:（）A. structural unemployment is zero.B. frictional unemployment is zero.C. cyclical unemployment is zero.50.When individuals are unemployed because they do not have perfect information concerning available jobs, this is:（）A. frictional unemployment.B. structural unemployment.C. cyclical unemployment.