金融英語(yǔ)業(yè)務(wù)知識(shí)練習(xí)試卷5（共180題）

金融英語(yǔ)業(yè)務(wù)知識(shí)練習(xí)試卷5（共9套）（共180題）金融英語(yǔ)業(yè)務(wù)知識(shí)練習(xí)試卷第1套一、單項(xiàng)選擇題(本題共20題，每題1.0分，共20分。)1、Callablebondsarebondsinwhich______.A、theborrowerhastherighttopayoffallorpartofthebondbeforethescheduledmaturitydateB、thelenderhastherighttorecallallorpartofthebond’sprincipalvaluebeforethescheduledmaturitydateC、couponpaymentscanbesuspendedforabriefperiodoftimeD、theissuerhasdefaulted標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。在可贖回債券中，發(fā)行人(借款人)有權(quán)在到期前收回全部或部分所發(fā)行的債券。故本題選A項(xiàng)。2、Bondsthatcanbechangedtosharesofcommonstockaresaidtobe______.A、callableB、generalobligationC、convertibleD、zero-coupon標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)?？梢赞D(zhuǎn)化成普通股的債券是可轉(zhuǎn)換債券。故本題選C項(xiàng)。3、Preferredstockholdersreceive______.A、couponpaymentsB、fixeddividendpaymentsC、variabledividendpaymentsD、paymentintheformofadditionalstock標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。優(yōu)先股股東獲得的股息是固定的。故本題選B項(xiàng)。4、Amortizationreferstotheprocessof______.A、collectingonoverduemortgagesB、replacingworn-outphysicalcapitalwithnewequipmentC、graduallyrepayingtheprincipalonamortgageD、replacingcommonstockwithpreferredstock標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。amortization“分期償還”，是指抵押貸款中逐漸歸還本金的過(guò)程。故本題選C項(xiàng)。5、Whichofthefollowingisnottrue?______.A、Commonstockisasecuritythatrepresentsownershipinacorporation.B、Authorizedstockisthemaximumnumberofsharesthatacorporationislegallypermittedtoissueunderitsarticlesofincorporation.C、Outstandingslockisstockthathasnotbeenboughtbyinvestors.D、Noneoftheabove.標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。authorizedstock“法定股本”，是指一個(gè)公司可以發(fā)行的各類(lèi)股票的最高額。法定額列入公司的執(zhí)照中，但可以由公司股東依據(jù)有關(guān)法規(guī)進(jìn)行調(diào)整。并非所有法定的股票額都要發(fā)行，許多公司都將沒(méi)有發(fā)行的部分留待將來(lái)需要資金時(shí)再發(fā)行。Outstandingstock“已發(fā)行的股票”，指一個(gè)股份公司已售出的、流通在外的股票。本題C項(xiàng)對(duì)outstandingstock的論述恰好與事實(shí)相反，故選C項(xiàng)。6、Howdoestheacidtestratiodifferfromthecurrentratio?______.A、Itexcludesstocks.B、Itexcludestradedebtorsagedoverthreemonths.C、Itisbasedonfuturebalancesheetsratherthanthepresent.D、Theratioisauditedandincludedinthefinancialstatements.標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。stock“存貨”，同inventory。酸性測(cè)試比率與流動(dòng)比率的區(qū)別在于其在計(jì)算流動(dòng)資產(chǎn)時(shí)，將存貨排除在外。故本題選A項(xiàng)。7、Whenearningspershareiscomputed,dividendsonpreferredstockare______.A、addedbecausetheyrepresentearningstothepreferredstockholdersB、subtractedbecausetheyrepresentearningstothepreferredstockholdersC、ignoredbecausetheydonotpertaintothecommonstockD、reportedseparatelyontheincomestatement標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。earningspershare，EPS“每股凈收益”，是本年盈余與普通股流通股數(shù)的比值，在計(jì)算時(shí)應(yīng)將優(yōu)先股的紅利排除在外。故本題選B項(xiàng)。8、Whichofthefollowingstatementsisnotcorrect?______.A、Abondissueisatechniqueforsubdividingaverylargeloanintomanysmall,transferableunits.B、Bondinterestpaymentsarecontractualobligations,whereastheboardofdirectorsdetermineswhetherornotdividendswillbepaid.C、Asinterestratesrise,themarketpricesofbondsrise;asinterestratesfall,bondpricestendtofall.D、Bondinterestpaymentsaredeductibleindeterminingincomesubjecttoincometaxed,whereasdividendspaidtostockholdersarenotdeductible.標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。發(fā)行債券是一種將大額貸款劃分為許多小額的，可轉(zhuǎn)讓的部分的方法；債券利息的支付是一種合同義務(wù)，但是否支付紅利，則是由公司董事會(huì)決定的；利率與債券的市場(chǎng)價(jià)成反比；債券利息的支付可作所得稅扣減，但支付給股東的紅利則不可作稅收扣減。本題中，只有選項(xiàng)C的論述是錯(cuò)誤的，故選C項(xiàng)。9、AdepositdenominatedindollarsheldbyabankinAsiaiscalledas______.A、dollar-denominatedcurrencyB、orientdollarC、AsiandollarD、Eurodollar標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。亞洲銀行所持有的美元賬戶(hù)也稱(chēng)為歐洲美元。故本題選D項(xiàng)。10、Assumethatasecurityhastwopossibleoutcomes.Thereisa75percentchancetheyieldwillequal10percentanda25percentchancetheyieldwillequal20percent.Theexpectedyieldforthissecurityis______.A、15percentB、12.5percentC、17.5percentD、13.5percent標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。根據(jù)題意，該證券的預(yù)期收益率=75％×lO％+25％×20％=5％，故選B項(xiàng)。11、Ingeneral,themoreliquidanassetthe______.A、lessitislikelytoyieldB、greateritsriskofdefaultC、loweritsmarketpricewillbeD、moreitwilladdtobankprofits標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。通常來(lái)說(shuō)，資產(chǎn)的流動(dòng)性和它的收益率成反比。故本題選A項(xiàng)。12、Theinterestrateprintedonthefaceofabondiscalledthe______.A、couponrateB、primerateC、printedrateD、nominalrate標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。primerate“基準(zhǔn)利率，優(yōu)惠利率”。債券票面上的利率為息票率。故本題選A項(xiàng)。13、Ariseininterestratesleadsto______.A、capitalgainsforbondholdersB、capitallossesforbondholdersC、incomegainsforbondholdersD、incomelossesforbondholders標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。利率上升將導(dǎo)致債券價(jià)格下降，即投資人遭受資本損失。故本題選B項(xiàng)。14、Ifthereserverequirementratiowereequaltozero,then______.A、thedepositmultiplierwouldbeinfinitelylargeB、requiredreserveswouldbeequaltozeroC、thebankingsystemwouldtheoreticallybeabletocreateaninfinitelylargeamountofdemanddepositsD、alloftheabove標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。如果準(zhǔn)備金要求為零，則法定準(zhǔn)備金為零，存款擴(kuò)張倍數(shù)將趨于無(wú)窮大，理論上銀行系統(tǒng)可以無(wú)限度地創(chuàng)造大量活期存款。本題中A項(xiàng)、B項(xiàng)、C項(xiàng)的內(nèi)容都正確，故選D項(xiàng)。15、Financialintermediaries’primaryfunctioninfinancialmarketsistoserveas______.A、ultimateborrowersB、ultimatelendersC、ultimatesaversD、middlemen標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。金融中介在金融市場(chǎng)中的最初職能是充當(dāng)中間人。故本題選D項(xiàng)。16、SupposetheFedbuys$10millioningovernmentsecuritiesfromacommercialbank.Iftherequiredreserveratiois0.25,whatisthemaximumamountbywhichcheckabledepositsinthebankingsystemcanchange?______.A、+$10000000B、+$25000000C、+$40000000D、-$40000000標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。根據(jù)題意，銀行系統(tǒng)所能創(chuàng)造的最大存款金額=$10million×1／0．25=$40million，故選C項(xiàng)。17、Supposetheannualizedyieldona91-dayTreasurybillis25%.Ifyouinvested$10000inthisbill,howmuchwouldyouhavetopayforthissecurity?______.A、$11250B、$10012.50C、$9998.75D、$9968.93標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。設(shè)該證券的售價(jià)為x，則以下方程成立：[(10000一x)÷X]÷9l×365=25%。本題經(jīng)過(guò)計(jì)算，x=$9993，故選D項(xiàng)。18、Whoarethefirsttobearfinanciallossesincurredbythebank?______.A、ThedepositorsB、ThedebtorsC、ThebankcapitalshareholdersD、Thebankemployees標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。銀行一旦遭受損失，首先由股東承擔(dān)損失。故本題選C項(xiàng)。19、Agovernmentisfacedwithabalanceofpaymentsdeficit.Itmaytakeactiontodealwiththisbydoingallofthefollowingexcept.A、devaluethecurrencyB、reduceinterestratesC、restrictconsumerspendingD、restrictimports標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。本題中B項(xiàng)指出的“降低利率”會(huì)使資本流入減少，將進(jìn)一步加劇國(guó)際收支赤字，而其他三個(gè)選項(xiàng)的論述都能校正赤字現(xiàn)象，故選B項(xiàng)。20、Accordingtotheprincipleofcomparativeadvantage,countries______.A、shouldspecializeinproducinggoodstheyhaveloweropportunitycostforB、shouldexportgoodstheycanproduceatlowerinputcostsC、willspecializeinproducinggoodswhichtheycanproduceatlowerinputcostsD、shouldspecializeinproducinggoodstheyhavelowerabsolutecostsfor標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。根據(jù)比較優(yōu)勢(shì)原理，每個(gè)國(guó)家都應(yīng)集中生產(chǎn)那些機(jī)會(huì)成本較低的商品。故本題選A項(xiàng)。金融英語(yǔ)業(yè)務(wù)知識(shí)練習(xí)試卷第2套一、單項(xiàng)選擇題(本題共20題，每題1.0分，共20分。)1、PortfoliotheoryasdescribedbyMarkowitzismostconcernedwith______.A、theeffectofdiversificationonportfolioriskB、theeliminationofsystematicriskC、activeportfoliomanagementtoenhancereturnD、theidentificationofunsystematicrisk標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。馬柯維茨描述的資產(chǎn)組合理論主要著眼于分散化對(duì)于資產(chǎn)組合風(fēng)險(xiǎn)的影響。故本題選A項(xiàng)。2、Themeasureofriskforasecurityheldinadiversifiedportfoliois______.A、specificriskB、standarddeviationofreturnsC、reinvestmentriskD、covariance標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。reinvestmentrisk“再投資風(fēng)險(xiǎn)”。covariance“協(xié)方差”，是指兩項(xiàng)資產(chǎn)的收益率相應(yīng)變動(dòng)或變化的程度。正的協(xié)方差表示兩種資產(chǎn)的收益率傾向于向同一方向移動(dòng)或變化，而負(fù)的協(xié)方差表示兩種資產(chǎn)的收益率向相反方向移動(dòng)。收益的標(biāo)準(zhǔn)差是用來(lái)衡量某一項(xiàng)資產(chǎn)的風(fēng)險(xiǎn)程度的，而衡量投資組合中某一證券的風(fēng)險(xiǎn)使用的是協(xié)方差這一指標(biāo)。故本題選D項(xiàng)。3、Thesecuritymarketlinedepicts______.A、asecurity’sexpectedreturnasafunctionofitssystematicriskB、themarketportfolioastheoptimalportfolioofriskysecuritiesC、therelationshipbetweenasecurity’sreturnandthereturnonanindexD、thecompleteportfolioasacombinationofthemarketportfolioandtherisk-freeasset標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。securitymarketline，SML“證券市場(chǎng)線(xiàn)”。risk-freeasset“無(wú)風(fēng)險(xiǎn)資產(chǎn)”。證券市場(chǎng)線(xiàn)描述的是證券的預(yù)期收益率與其系統(tǒng)風(fēng)險(xiǎn)的關(guān)系。故本題選A項(xiàng)。4、Whatistheexpectedreturnofazero-betasecurity?______.A、MarketrateofreturnB、Zero-rateofreturnC、Risk-freerateofreturnD、Negativerateofreturn標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。貝塔值為零的證券預(yù)期收益率等于無(wú)風(fēng)險(xiǎn)收益率。故本題選C項(xiàng)。5、Capitalassetpricingtheoryassertsthatportfolioreturnsarebestexplainedby______.A、economicfactorsB、systematicriskC、specificriskD、diversification標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。CAPM模型認(rèn)為資產(chǎn)組合收益可以由系統(tǒng)風(fēng)險(xiǎn)得到最好的解釋。故本題選B項(xiàng)。6、Accordingtothetheoryofarbitrage,______.A、high-betastocksareconsistentlyoverpricedB、low-betastocksareconsistentlyoverpricedC、positivealphainvestmentopportunitieswillquicklydisappearD、rationalinvestorswillpursuearbitrageconsistentwiththeirrisktolerance標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。arbitragepricingtheory，APT“套利定價(jià)理論”，是一個(gè)決定資產(chǎn)價(jià)格的均衡模型，這一均衡是通過(guò)市場(chǎng)上證券價(jià)格的套做而實(shí)現(xiàn)的。與CAPM不同的是，它認(rèn)為證券的實(shí)際收益不只是受市場(chǎng)證券組合變動(dòng)的影響，而是要受市場(chǎng)中更多的共同的因素影響，各種證券收益率之所以相關(guān)是因?yàn)樗鼈兌紩?huì)對(duì)這些共同因素起反應(yīng)，然后運(yùn)用“相同投資組合應(yīng)提供相同收益"這一經(jīng)濟(jì)原理推導(dǎo)了影響證券收益的多種因素的市場(chǎng)價(jià)格。在APT中，證券分析的目標(biāo)在于識(shí)別經(jīng)濟(jì)中的這些因素以及證券收益率對(duì)這些因素的不同敏感性。Alpha“阿爾法值”，是市場(chǎng)模型在縱軸上的截距點(diǎn)。股票的阿爾法值等于非系統(tǒng)收益率隨時(shí)間推移的平均值。一般而言，如果某利，股票的阿爾法值>0，則說(shuō)明該股票的市場(chǎng)價(jià)格偏低，如果阿爾法值<0，則說(shuō)明該股票的市場(chǎng)價(jià)格偏高，如阿爾法值=0，則說(shuō)明該股票的市場(chǎng)價(jià)格適中。大多數(shù)股票的阿爾法值很小且較穩(wěn)定。根據(jù)套利定價(jià)理論，套利行為的發(fā)生能夠糾正股票定價(jià)的高估或低估情況，因此，阿爾法值不為零的股票的投資機(jī)會(huì)是稍縱即逝的。故本題選C項(xiàng)。7、APTdiffersfromthesingle-factorCAPMbecausetheAPT______.A、placesmoreemphasisonmarketriskB、minimizestheimportanceofdiversificationC、recognizesmultipleunsystematicriskfactorsD、recognizesmultiplesystematicriskfactors標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。APT不同于單一市場(chǎng)指數(shù)的CAPM模型，是因?yàn)锳PT考慮了多種系統(tǒng)風(fēng)險(xiǎn)因素。故本題選D項(xiàng)。8、ThefeatureofAPTthatoffersthegreatestpotentialadvantageoverthesimpleCAPMistheA、identificationofanticipatedchangesinproduction,inflation,andtermstructureofinterestratesaskeyfactorsexplainingtherisk-returnrelationshipB、superiormeasurementoftherisk-freerateofreturnoverhistoricaltimeperiodsC、useofseveralfactorsinsteadofasinglemarketindextoexplaintherisk-returnrelationshipD、variabilityofcoefficientsofsensitivitytotheAPTfactorsforagivenassetovertime標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)APT比簡(jiǎn)單的CAPM模型具有更大的潛在優(yōu)勢(shì)，主要體現(xiàn)在：AFT理論使9、Ifabankhas______rate-sensitiveliabilitiesthanassets,a______ininterestrateswillreducebankprofits,whilea______ininterestrateswillraisebankprofits.A、fewer...rise...declineB、more...decline...riseC、more...rise...declineD、fewer...rise...rise標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：用多個(gè)因素而非單一市場(chǎng)指數(shù)來(lái)解釋風(fēng)險(xiǎn)與收益的相關(guān)性。故本題選C項(xiàng)。10、Whenborrowersknowmorethanlendersaboutthefutureprospectsofaprojecttobeundertakenwithborrowedfunds,thelenderfacestheproblemof______.A、moralindignationB、defaultriskC、freeridingD、asymmetricinformation標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為C項(xiàng)。rate—sensitiveliability，RSL“利率敏感性負(fù)債”。rate—sensitiveasset，RSA“利率敏感性資產(chǎn)”。利率敏感性資產(chǎn)和負(fù)債是指那些在較短時(shí)限內(nèi)到期的或需要重新確定利率的資產(chǎn)和負(fù)債。如浮動(dòng)利率貸款、債券和存款等。這些項(xiàng)目的頭寸是利率風(fēng)險(xiǎn)管理的主要對(duì)象。利率變動(dòng)、利率敏感性缺口(gap，即利率敏感性資產(chǎn)減去利率敏感性負(fù)債)與凈利息收入的關(guān)系如下表：[*]根據(jù)上表，當(dāng)利率敏感負(fù)債多于利率敏感資產(chǎn)時(shí)，利率敏感性缺口為負(fù)值，利率上升將使銀行凈利息收入減少，利率下降將使銀行凈利息收入增加。故本題選C項(xiàng)。11、Astockhasabetaof0.Whatdoesthismean?______.A、Thestockwillfallonaveragebyhalfasmuchasthemarket.B、Thestockwillfallandrisebytwiceasmuchasthemarket.C、Everytimethereisapricemovement,thestockwillriseorfallbyhalfasmuchasthemarket.D、Thestockpricechangewillonaveragebehalfasmuchasthemarketpricechange.標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。asymmetricinformation“信息不對(duì)稱(chēng)”，是指交易的一些參與方擁有某些信息，但另一些參與人不擁有這些信息的情形。當(dāng)借款人對(duì)借入資金的使用前景和用途的了解程度多過(guò)貸款人時(shí)，貸款人面臨的就是信息不對(duì)稱(chēng)的問(wèn)題。故本題選D項(xiàng)。12、Seethefollowingdiagram:Ifinterestratesriseby5%,sayfrom10%to15%,bankprofits(measuredusinggapanalysis)will______.A、declineby$0.5millionB、declineby$2.5millionC、declineby$1.5millionD、increaseby$1.5million標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為D項(xiàng)。貝塔系數(shù)為0．5的股票，其股價(jià)平均變化幅度是市場(chǎng)價(jià)格變化幅度的一半。故本題選D項(xiàng)。13、Assumeabankhas$200millionofassetswithadurationof2,and$100millionofliabilitieswithadurationofWhatisthedurationgapforthebank?______.A、2B、-1C、0.5D、-4標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。gapanalysis“缺口分析法”，是銀行利率風(fēng)險(xiǎn)管理最經(jīng)常使用的工具之一。該法通過(guò)揭示凈利息收入變化與利率敏感性缺口的大小之間的關(guān)系，來(lái)確定利率風(fēng)險(xiǎn)的頭寸，并采取措施化解風(fēng)險(xiǎn)。凈利息收入變動(dòng)情況=利率變動(dòng)×利率敏感性缺口。本題中，凈利息收入變動(dòng)=5％×($20一$50)=一$5million，故選C項(xiàng)。14、Assumeabankwiththedurationgapof—A______ininterestrateswill______bank’snetworth.A、fall...reduceB、fall...increaseC、rise…reduceD、change…h(huán)avenoeffecton標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為C項(xiàng)。duration“持續(xù)期，久期”，是指某項(xiàng)資產(chǎn)或負(fù)債以現(xiàn)值方式收回其價(jià)值的時(shí)間。一般而言，對(duì)于那些一次性支付的金融工具，持續(xù)期等于該工具的期限；對(duì)于那些多次支付的金融工具，持續(xù)期總是小于其期限。durationgap，DGAP“持續(xù)期缺口”，可用于衡量銀行資產(chǎn)負(fù)債的利率風(fēng)險(xiǎn)。計(jì)算公式為：DGAP=資產(chǎn)持續(xù)期一總負(fù)債／總資產(chǎn)×負(fù)債持續(xù)期。本題中，DGAP=2一100／200×3=0．5，故選C項(xiàng)。15、AdverseselectionisaproblemassociatedwithequityanddebtcontractsarisingfromA、thelenders’abilitytolegallyrequiresufficientcollateraltocovera100%lossiftheborrowerdefaultsB、thelenders’relativelackofinformationabouttheborrowers’potentialreturnsandrisksofhisinvestmentactivitiesC、theborrowers’lackofincentivetoseekaloanforhighlyriskyinvestmentsD、noneoftheabove標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為A項(xiàng)。持續(xù)期缺口與銀行凈值之間的關(guān)系如下表所示：[*]本題中，該銀行的持續(xù)期缺口為負(fù)值，因此，當(dāng)利率上升時(shí)，銀行凈值增加，而當(dāng)利率下降時(shí)，銀行凈值減少，故選A項(xiàng)。16、Whichofthefollowingisnottrueofduration?______.A、Durationisaweightedaverageofthematuritiesofthecashpayments.B、Allelsebeingequal,thelongerthetermtomaturityofabond,thelongeritsduration.C、Allelsebeingequal,wheninterestratesrise,thedurationofacouponbondrises.D、Allelsebeingequal,thehigherthecouponrateonthebond,theshorterthebond’sduration.標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為B項(xiàng)。adverseselection“逆向選擇”。簽約前如交易雙方信息不對(duì)稱(chēng)，將導(dǎo)致信息不真實(shí)或信息較少的一方(不知情者)傾向于作出錯(cuò)誤的選擇——逆向選擇。故本題選B項(xiàng)。17、Ifacommercialbankwishedtoimprovetheliquiditypositionofitsassetportfolio,itshouldacquiremore______.A、consumerloansB、governmentsecuritiesC、residentialmortgagesD、corporatestocks標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為C項(xiàng)。持續(xù)期是生息資產(chǎn)在未來(lái)產(chǎn)生現(xiàn)金流的時(shí)間的加權(quán)平均數(shù)(weightedaverage)；在其他條件不變的情況下：①債券的期限越長(zhǎng)，其持續(xù)期越長(zhǎng)；②利率上升，附息債券的持續(xù)期縮短；③債券的息票率越高，其持續(xù)期越短。本題中C項(xiàng)關(guān)于持續(xù)期的說(shuō)法有誤，故選C項(xiàng)。18、Themostfundamentalpropositionofmodernportfoliotheorycanbestatedasfollows:A、peopleareallriskaverseB、anassetmaybeveryriskywhenviewedinisolation,butwhencombinedwithotherassetstheriskoftheportfoliomaybesubstantiallyreducedC、thereturnsonsecuritiesareinterrelated,andthereforeameasureoftheircovariabilitymustbeusedwhencombiningsecuritiesinportfoliosD、noneoftheabove標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。如果商業(yè)銀行想提高資產(chǎn)組合的流動(dòng)性，應(yīng)多購(gòu)置一些政府證券。故本題選B項(xiàng)。19、Arisk-averseindividualwill______.A、preferarisklesssecuritywhichiscertaintopay5%toariskysecurityhavinganexpectedreturnof5%B、alwaysholdadiversifiedportfolioofsecuritiesC、nevergambleD、alloftheabove標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為B項(xiàng)?，F(xiàn)代資產(chǎn)組合理論最基本的論點(diǎn)是將單一風(fēng)險(xiǎn)資產(chǎn)通過(guò)有效地與其他資產(chǎn)進(jìn)行組合，資產(chǎn)組合的風(fēng)險(xiǎn)可以大大降低。故本題選B項(xiàng)。20、Anindividualwillingtotakea50%—50%chanceofdoublingorlosinghiswealthis______.A、arisk-averseindividualB、arisk-lovingindividualC、adiversifierD、bothAandC標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為D項(xiàng)。risk—averseindividual“風(fēng)險(xiǎn)厭惡者”。他們比較喜歡已確定收益的資產(chǎn)，而較不喜歡有相同預(yù)期收益的賭博。若要他們承擔(dān)風(fēng)險(xiǎn)，就必須給予適當(dāng)?shù)难a(bǔ)償作為風(fēng)險(xiǎn)報(bào)酬。他們總是持有多樣化的證券組合，以規(guī)避風(fēng)險(xiǎn)。故本題選D項(xiàng)。金融英語(yǔ)業(yè)務(wù)知識(shí)練習(xí)試卷第3套一、單項(xiàng)選擇題(本題共20題，每題1.0分，共20分。)1、Whatisanadvantageofinvestinginbonds?______.A、Bondsaregenerallyoflowerriskthanstocks.B、Bondsofferagoodsourceofincomeforretirees.C、Bondsissuedbyanystablecountryarealmostrisk-freesecurities.D、Alloftheabove.標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。債券投資的風(fēng)險(xiǎn)低于股票投資；債券比較適合于退休人員(retiree)；局勢(shì)穩(wěn)定的國(guó)家發(fā)行的債券幾乎是無(wú)風(fēng)險(xiǎn)的。本題中A項(xiàng)、B項(xiàng)、C項(xiàng)表述的均有債券投資的好處，故選D項(xiàng)。2、Whatisabond’syield?______.A、Thesameasthecoupon.B、Thetimeuntilabondmatures.C、Theannualreturnuntilthebondmatures.D、Thetotalriskofferedbyabond.標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。債券價(jià)格是波動(dòng)的，因此債券的收益率不等于息票率，應(yīng)包括息票收入加減資本利得或損失；如債券持有到期，其收益率可表示為年收益率。故本題選C項(xiàng)。3、Whatisusuallytrueaboutbonds?______.A、Theyallowyoutoinvestmoneyincompanies.B、Corporatebondstypicallyofferahigherreturnthangovernmentbonds.C、Theyusuallypayhugedividends.D、Theyhelpinvestorsevadetaxes.標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。債券可使投資者投資于公司和政府；公司債券的收益率一般高于政府債券；債券紅利的多少取決于經(jīng)營(yíng)情況；債券投資并不免息。本題中只有B項(xiàng)的說(shuō)法是正確的，故選B項(xiàng)。4、Whichofthefollowingisnotatypeofbond?______.A、MunicipalB、CorporateC、TreasuryD、EurodollarE、Zerocouponsecurity標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。zerocouponbond“零息債券”，指不支付定期利息的債券。作為定期利息的替代，這種債券以極低的折售價(jià)格出售，而按照票面價(jià)格被贖回。municipalbond“市政債券”，政府債券中的一種。市政債券、公司債券、國(guó)庫(kù)券和零息債券都屬于債券，只有歐洲美元不屬于債券。故本題選D項(xiàng)。5、Allofthesearestockmarketsexcept______.A、NYSEB、NASDAQC、LEAPD、AMEX標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。NYSE(NewYorkStockExchange)“紐約證券交易所”。Nasdag(NationalAssociationofSecuritiesDealersAutomaticQuotationSystem)“美國(guó)納斯達(dá)克證券交易市場(chǎng)”，它是一種場(chǎng)外交易市場(chǎng)。(over-the—counter，OTC)，即通過(guò)電話(huà)、傳真以及其他電子形式的通信發(fā)生交易的交易商市場(chǎng)，成立于1971年，也是世界上第一個(gè)電子化的股票市場(chǎng)。AMEX(AmericanStockExchange)“美國(guó)證券交易所”。本題中只有C項(xiàng)的說(shuō)法不屬于股票市場(chǎng)，故選C項(xiàng)。6、Stocksarealsoreferredtoas______.A、securitiesB、equitiesC、sharesD、dividendsE、A,BandC標(biāo)準(zhǔn)答案：E知識(shí)點(diǎn)解析：答案為E項(xiàng)。股票又可被稱(chēng)為有價(jià)證券(security)、權(quán)益(equity)和股份(share)。故本題選E項(xiàng)。7、Whichtypeofstocktypicallypaysafixeddividend,butwhoseholderranksaheadofordinaryshareholdersintheeventofliquidation?______.A、CommonStockB、StockOptionsC、PreferredStock.D、Commodities標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。liquidation“清算”。commonstock“普通股”，是股票中最普遍的一種形式，是股份公司最重要的股份，是構(gòu)成公司資本的基礎(chǔ)，是風(fēng)險(xiǎn)最大的股票，又是主要受益股票。其持有人享有公司經(jīng)營(yíng)決策的參與權(quán)、盈余分配權(quán)、剩余資產(chǎn)分配權(quán)和優(yōu)先認(rèn)股權(quán)。preferredstock“優(yōu)先股”，是公司在籌集資本時(shí)給予投資者某些優(yōu)惠特權(quán)的股票。其主要特征有：優(yōu)先領(lǐng)取固定股息(普通股股息不定且靠后)；優(yōu)先按票面金額清償；無(wú)權(quán)參與經(jīng)營(yíng)決策。本題是指優(yōu)先股股東，故選C項(xiàng)。8、Whatisthefundamentalthingthatdrivesstockprices?______.A、GravityB、HypeC、CashflowD、Earnings標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。影響股價(jià)的最根本因素是發(fā)行公司的經(jīng)營(yíng)狀況，即盈利水平。故本題選D項(xiàng)。9、Ifsomeoneisconsideredtobebearish,wheredoeshethinkthestockmarketisheading?A、ToahigherpositionB、ToalowerpositionC、ToastagnantpositionD、Noneoftheabove標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。stagnant“停滯，靜止”。bearish“股市看跌的”，與bullish(股市看漲的)相對(duì)。故本題選B項(xiàng)。10、Amarketorderthatexecutesafteraspecifiedpricelevelhasbeenreachediscalled______.A、marketorderB、stoporderC、fillorkillorderD、dayorder標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。stoporder“止損單”，最初被稱(chēng)為“stoplossorder”，這些定單通常是為了使投資者在其所持資產(chǎn)的價(jià)格向與投資者利益相反方向運(yùn)動(dòng)時(shí)擺脫困境。例如，如果資產(chǎn)價(jià)格下降，那么做多頭的投資者就會(huì)遭受損欠。在這種情況下，投資者可以在資產(chǎn)的現(xiàn)行市場(chǎng)價(jià)格之下設(shè)定一個(gè)底價(jià)。如果資產(chǎn)按照底價(jià)或低于底價(jià)的價(jià)格進(jìn)行交易，止損單就會(huì)轉(zhuǎn)化為一個(gè)市場(chǎng)命令以使得在損失擴(kuò)大之前將這項(xiàng)頭寸流動(dòng)下去。止損單也可用于使投資者進(jìn)入一項(xiàng)新的頭寸之中。故本題選B項(xiàng)。11、Historically,______havealwaysperformedthebestoverthelongterm.A、bondsB、optionsC、mutualfundsD、indexfundsE、stocks標(biāo)準(zhǔn)答案：E知識(shí)點(diǎn)解析：答案為E項(xiàng)。從投資收益的歷史記錄來(lái)看，股票表現(xiàn)最好。故本題選E項(xiàng)。12、Ifyouwerelookingtoinvestinaspecificcountryorregion,whichmutualfundwouldbebestsuitedforyou?______.A、GlobalfundB、RegionalfundC、GrowthfundD、Sociallyresponsiblefund標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。適合于在某國(guó)或某地區(qū)進(jìn)行投資的互助資金是地區(qū)性基金(regionalfund)。故本題選B項(xiàng)。13、Whatisthedifferencebetweenafront-endandback-endload?______.A、Front-endfundschargeafeeifthefundisredeemedearly,back-endfundsdon’t.B、Front-endfundsdon’tchargeafee,back-endfundsdo.C、Front-endfundschargeafeewhenyoubuythefund,back-endfundschargethefeeatredemption.D、Noneoftheabove.標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。front-endload“前收費(fèi)”。指投資者購(gòu)買(mǎi)投資基金的收益憑證或基金股份時(shí)支付的，除了股份價(jià)款以外的附加費(fèi)用。back-endload“后收費(fèi)”。指投資者向投資基金出售其持有的收益憑證或基金股份時(shí)所支付的手續(xù)費(fèi)。Redemption“贖回”。前收費(fèi)和后收費(fèi)的區(qū)別就在于前收費(fèi)是在購(gòu)買(mǎi)基金時(shí)支付，而后收費(fèi)是在贖回基金時(shí)支付。故本題選C項(xiàng)。14、WhatdoesIPOstandfor?______.A、InitialPactOrganizationB、InitialPublicOfferingC、InternationalPublicOfferingD、IntellectualPropertyOrganization標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。InitialPublicOffering，IPO“首次公開(kāi)發(fā)行”，指原私人持股公司要轉(zhuǎn)為公眾持股公司時(shí)，公司首次發(fā)行股票的行為。故本題選B項(xiàng)。15、WhatshouldaninvestorlookatbeforebuyinganIPO?______.A、ProspectusB、Managementprofiles/experienceC、OthercompaniesinthesameindustryD、Theunderwriter’strackrecordE、Alloftheabove標(biāo)準(zhǔn)答案：E知識(shí)點(diǎn)解析：答案為E項(xiàng)。prospectus“發(fā)行計(jì)劃書(shū)”，一種描述與債券或股票公開(kāi)發(fā)行有關(guān)的所有條款和風(fēng)險(xiǎn)，并且提供了與證券發(fā)行人有關(guān)的重要信息的文件。發(fā)行計(jì)劃書(shū)必須在將證券出售給投資者之前提供給投資者。underwriter“承購(gòu)人，包銷(xiāo)人”，指為發(fā)行者向公眾銷(xiāo)售有價(jià)證券的中問(wèn)人。投資者在購(gòu)買(mǎi)首次發(fā)行的股票時(shí)，應(yīng)該關(guān)注：發(fā)行計(jì)劃書(shū)、發(fā)行公司管理層的情況、同行業(yè)的其他公司情況以及承銷(xiāo)人的過(guò)往記錄等等。故本題選E項(xiàng)。16、Astraightbond______.A、paysarateofinterestthatislinkedtoanindex,suchastherateofinflationB、paysafixeddividendlowerthanthemarketrateofinterestC、paysavariablerateofinterestthroughoutitslifeD、paysafixedrateofinterestthroughoutitslife標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。straightbond“直接債券”，是固定利率的債券，不可用于抵押，不含有任何暗含的期權(quán)性(也就是說(shuō)，在這種債券中不包含看漲期權(quán)或者看跌期權(quán))。故本題選D項(xiàng)。17、Whatisthetotalreturnonaninvestmentcomprisedof?______.A、ItsdividendB、ItsincreasedlossesandgainsC、Itscapitallosses,andgainsD、AandCE、AandB標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。一項(xiàng)投資的收益一般包括利息和資本損益(capitallossesandgains)。故本題選D項(xiàng)。18、Abondthatcanbeexchangedintosharesoftheissuingcompany’scommonstockatapredeterminedpriceiscalled______.A、acallablebondB、aprovisionalbondC、anexchangeablebondD、aconvertiblebond標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。發(fā)行后允許持有者按事先確定的價(jià)格(predeterminedprice)轉(zhuǎn)換成發(fā)行公司的普通股的債券，被稱(chēng)為可轉(zhuǎn)換債券(convertiblebond)。故本題選D項(xiàng)。19、Commercialpaperrepresentsthe______.A、short-termliabilitiesofinternationaltradingcompaniesB、capitalassetsofbusinessfirmsC、long-termliabilitiesofcommercialbanksD、short-termliabilitiesofprimecorporations標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。commercialpaper,CP“商業(yè)票據(jù)”，常用作為以低成本取得長(zhǎng)期融資的滾動(dòng)策略的一部分的短期公司債務(wù)工具。商業(yè)票據(jù)經(jīng)?；蛘哂晒景l(fā)行人直接開(kāi)出或者通過(guò)商業(yè)票據(jù)交易商開(kāi)出。商業(yè)票據(jù)的有效期很少超過(guò)270天。通常以債信等級(jí)較佳的公司為發(fā)行人。故本題選D項(xiàng)。20、Whatisamajoradvantageofmoneymarketinstruments?______.A、Theyarerelativelyoflowrisk.B、Theyhavehigherreturnsthanmostsavingsaccounts.C、Mostinstrumentsofferhighliquidity.D、Alloftheabove.標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。貨幣市場(chǎng)工具具有相對(duì)較低的風(fēng)險(xiǎn)，比多數(shù)儲(chǔ)蓄賬戶(hù)較高的收益以及較好的流動(dòng)性等特點(diǎn)。故本題選D項(xiàng)。金融英語(yǔ)業(yè)務(wù)知識(shí)練習(xí)試卷第4套一、單項(xiàng)選擇題(本題共20題，每題1.0分，共20分。)1、ExcessreservesforAmericanbanksareequalto______.A、totalreservesminusdiscountloansB、vaultcashminusrequiredreservesC、depositswiththeFedminusvaultcashplusrequiredreservesD、vaultcashplusdepositswithFederalReservebanksminusrequiredreserves標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。根據(jù)超額準(zhǔn)備金的定義，美國(guó)銀行的超額準(zhǔn)備金等于庫(kù)存現(xiàn)金與存放聯(lián)儲(chǔ)銀行存款之和再減去法定準(zhǔn)備金。故本題選D項(xiàng)。2、Banksareimportanttothestudyofmoneyandtheeconomybecausethey______.A、provideachannelforlinkingthosewhowanttosavewiththosewhowanttoinvestB、havebeenasourceofrapidfinancialinnovationthatisexpandingthealternativesavailabletothosewantingtoinvesttheirmoneyC、aretheonlyimportantfinancialinstitutionsineconomyD、alloftheaboveE、onlyAandBoftheabove標(biāo)準(zhǔn)答案：E知識(shí)點(diǎn)解析：答案為E項(xiàng)。經(jīng)濟(jì)中除銀行這一重要的金融機(jī)構(gòu)外，像保險(xiǎn)公司、證券公司、基金公司、信托公司、財(cái)務(wù)公司以及在國(guó)外還有儲(chǔ)蓄機(jī)構(gòu)、房屋互助協(xié)會(huì)(BuildingSociety)等金融機(jī)構(gòu)，它們對(duì)經(jīng)濟(jì)的發(fā)展都起到了十分重要的作用。本題A項(xiàng)和B項(xiàng)正確，故選E項(xiàng)。3、TheinterestonEUR30881for12daysat7percentis______.(Ignoretaxoninterestincome)A、EUR142.14B、EUR35.54C、EUR71.07D、EUR213.21標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。經(jīng)過(guò)計(jì)算，本題中的利息為：EUR3088l×7％／365×12=EUR07，故選C項(xiàng)。4、TerminalsthatdirectlyconnectaretailstorewiththebankofitscustomersareknownasA、pointofsaleterminalsB、impactterminalsC、retailerterminalunitsD、automatedtellermachines標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。pointofsaleterminal，POST“銷(xiāo)售點(diǎn)終端機(jī)”。automatedtellermachine，ATM“自動(dòng)柜員機(jī)”。將商家與銀行計(jì)算機(jī)線(xiàn)路直接連接起來(lái)的是銷(xiāo)售點(diǎn)終端機(jī)。故本題選A項(xiàng)。5、Thedistinctionbetweenpassbooksavingsdepositsandtimedepositsisthat______.A、theformerpayinterest,whereasthelatterdonotB、theformerareavailableonlyatthriftinstitutions,whereasthelatterareavailableonlyatcommercialbanksC、theformerdonothavescheduledmaturitydates,whereasthelatterdoD、actuallythereisnodistinctionbetweenthesetwotypesofdeposits標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)?；钇诖婵畲嬲圪~戶(hù)(passbooksavingsdeposit．)與定期存款(timedeposit，)區(qū)別在于前者無(wú)到期日，而后者有明確的到期日。故本題選C項(xiàng)。6、Whichofthefollowingfinancialinstitutionsaremostlikelytoencountershort-runliquidityneeds?______.A、PensionfundsB、LifeinsurancecompaniesC、ConsumerfinancecompaniesD、Propertyandcasualtyinsurancecompanies標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。除選項(xiàng)D“財(cái)產(chǎn)和災(zāi)害保險(xiǎn)公司”外，其余A項(xiàng)、B項(xiàng)、C項(xiàng)中的養(yǎng)老基金、壽險(xiǎn)公司和消費(fèi)信貸公司的負(fù)債均是長(zhǎng)期的，不會(huì)遇到短期流動(dòng)性問(wèn)題。故本題選D項(xiàng)。7、TheactualproductionofUScurrencyisaccomplished______.A、exclusivelybytheFederalReserveBankofNewYorkB、byeachoftheFederalReserveBanksC、bytheDepartmentofCommerce,whichoverseesthenation’scommercialbanksD、bytheBureauofEngravingandPrinting標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。美國(guó)的貨幣鑄造實(shí)際上是由鑄造局(theBureauofEngravingandPrinting)完成的。故本題選D項(xiàng)。8、IftheFederalReserveweretoadoptthegoalofaconstantmoneysupply,itcouldachievethisgoalby______.A、takingthediscountrateastheappropriatetargetforthefederalfundsrateB、buyingTreasurybillswhentheinterestratefallsandsellingthemwithitrisesC、forbiddingbankstoholdexcessreservesD、usinganyorallofitspolicytoolstooffsetchangesinducedbythebehaviorofbanksandtheirdepositors標(biāo)準(zhǔn)答案：D知識(shí)點(diǎn)解析：答案為D項(xiàng)。當(dāng)美聯(lián)儲(chǔ)希望貨幣數(shù)量保持穩(wěn)定時(shí)，可采用能夠?qū)_抵消由于銀行和存款人行為導(dǎo)致貨幣數(shù)量波動(dòng)的政策工具。故本題選D項(xiàng)。9、Financialmarketsimproveeconomicwelfarebecause______.A、theyallowfundstomovefromthosewithoutproductiveinvestmentopportunitiestothosewhohavesuchopportunitiesB、theyallowconsumerstotimetheirpurchasesbetterC、theyweedoutinefficientfirmsD、alloftheaboveE、bothAandB標(biāo)準(zhǔn)答案：E知識(shí)點(diǎn)解析：答案為E項(xiàng)。time“安排……的時(shí)間，為……選擇時(shí)機(jī)”。weedout“清除，淘汰”。金融市場(chǎng)使多余資金從沒(méi)有很好投資機(jī)會(huì)的人手中轉(zhuǎn)移到那些有機(jī)會(huì)的人手中；同時(shí)使消費(fèi)者更好地進(jìn)行自己的消費(fèi)安排；但并不能淘汰無(wú)效企業(yè)。故本題選E項(xiàng)。10、Financialintermediariescansubstantiallyreducetransactioncostsbecausetheirlargesizeallowsthemtotakeadvantageof______.A、poorlyinformedconsumersB、standardizationC、economiesofscaleD、theirmarketpower標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。相對(duì)于個(gè)人而言，金融中介之所以能降低交易成本在于它們可利用規(guī)模經(jīng)濟(jì)效應(yīng)。故本題選C項(xiàng)。11、Financialmarketshavethebasicfunctionof______.A、bringingtogetherpeoplewithfundstolendandpeoplewhowanttoborrowfundsB、assuringthattheswingsinthebusinesscyclearelesspronouncedC、assuringthatgovernmentsneedneverresorttoprintingmoneyD、bothAandBE、bothBandC標(biāo)準(zhǔn)答案：A知識(shí)點(diǎn)解析：答案為A項(xiàng)。pronounced“顯著的，明顯的”。金融市場(chǎng)的基本職能是將資金盈余者與資金短缺者連接在一起。故本題選A項(xiàng)。12、Whichofthefollowingiscorrect?______.A、ThemembersoftheBoardofGovernorsareappointedfor20-yearterms.B、ThechairpersonoftheBoardofGovernorshasan8-yearaschair.C、TheFOMCconductstheFederalReserve’sopenmarketoperations.D、TheFederalReserveSystemhas14regionalFederalReserveBanks.標(biāo)準(zhǔn)答案：C知識(shí)點(diǎn)解析：答案為C項(xiàng)。美國(guó)聯(lián)邦儲(chǔ)備委員會(huì)由7人組成，全部由總統(tǒng)任命，參議院批準(zhǔn)，任期14年，每2年離任1人；委員會(huì)的主席和副主席由總統(tǒng)從7名委員中任命，任期4年；聯(lián)邦公開(kāi)市場(chǎng)委員會(huì)主要專(zhuān)門(mén)負(fù)責(zé)公開(kāi)市場(chǎng)業(yè)務(wù)的實(shí)施，從而指導(dǎo)貨幣政策的全面貫徹執(zhí)行；區(qū)域性的聯(lián)邦儲(chǔ)備銀行共有12個(gè)。本題中，只有C項(xiàng)正確，故選C項(xiàng)。13、Super-NOWaccountscombine______.A、limitedcheckingfacilitieswithunlimitedliquidityB、unlimitedcheck-writingprivilegeswithmoneymarketinterestratesC、limitedcheckingfacilitieswithstockoptionprivilegesD、limitedcheckingfacilitieswithconstantyields標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。super-NOWaccount“超級(jí)可轉(zhuǎn)讓支付命令賬戶(hù)”，將享有無(wú)限的支票開(kāi)立權(quán)利與享有貨幣市場(chǎng)利率的權(quán)利結(jié)合起來(lái)的存款賬戶(hù)。與普通的可轉(zhuǎn)讓支付命令賬戶(hù)的區(qū)別在于：利率更高；有最低存款余額的要求，為2500美元。故本題選B項(xiàng)。14、Inacorrespondentbankingrelationship,asmallbankholdsdepositsatalargerbank.Thedepositthenbecomes______forthesmallbankand______forthelargerbank.A、anasset/anassetB、anasset/aliabilityC、aliability/anassetD、aliability/aliability標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。在代理銀行關(guān)系中，同業(yè)存款必然是存款人的資產(chǎn)和被存放銀行的負(fù)債。故本題選B項(xiàng)。15、TheBoardofGovernorsoftheFederalReserveSystemislocatedin______.A、NewYorkCityB、Washington,D.C.C、ChicagoD、LosAngeles標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。聯(lián)邦儲(chǔ)備委員會(huì)設(shè)在華盛頓。故本題選B項(xiàng)。16、______isacomputerizednetworkintheUSfortransferofinternationalpaymentslinkingupanumberofinternationalbankswithofficesinNewYorkCity.A、BACSB、CHIPSC、CHAPSD、SWIFT標(biāo)準(zhǔn)答案：B知識(shí)點(diǎn)解析：答案為B項(xiàng)。BACS是一個(gè)由英國(guó)主要大銀行組成并所有的組織，目的在于使銀行間的資金清算和支付得以順利進(jìn)行。CHAPS是ClearingHouseAutomatedPaymentsSystem的縮寫(xiě)，清算所自動(dòng)支付系統(tǒng)。在英國(guó)，是由英格蘭銀行、倫敦清算銀行、合作銀行、中央信托儲(chǔ)蓄銀行、國(guó)民郵政轉(zhuǎn)賬銀行和蘇格蘭銀行等幾家大銀行所組成的，銀行間的資金清算和劃撥電腦網(wǎng)絡(luò)系統(tǒng)。CHIPS是ClearingHouseInterbankPaymentsSystem的縮寫(xiě)，清算所銀行間支付系統(tǒng)。指以紐約票據(jù)交換所為中心，主要為國(guó)內(nèi)外銀行辦理有關(guān)歐洲美元的交換和清算業(yè)務(wù)的一個(gè)計(jì)算機(jī)網(wǎng)絡(luò)系統(tǒng)。SWIFT是SocietyforWorldwideInter-bankFinancialTelecommunications的縮寫(xiě)，環(huán)球銀行間電訊協(xié)會(huì)，用于傳輸金融數(shù)據(jù)和外匯的計(jì)算機(jī)網(wǎng)絡(luò)系統(tǒng)。本題是指紐約的清算所銀行間支付系統(tǒng)，故選B項(xiàng)。17、Whichofthefollowingisnottrueofcreditunions?______.A、Creditunionsarenonprofitdepositoryinstitutionsmutuallyorganizedandownedbytheirmembers.B、Membersdeposittheirsavingsandthesefundsarethenlenttothegeneralpublic.C、Theirnetincomeistax-exempt