金融市场与金融机构练习(六)

1、2014-2015学学级装订线班级：号95装订线班级：号95MultipleChoiceQuestions601601Alargecompanywithatemporarysurplusoffundsismostlikelytobuy:A.bankbills.姓名：B.convertiblenotes.姓名：debentures.shares.Aprimaryfinancialmarketisonethat:A.offersfinancialassetswiththehighestexpectedreturn.B.offersthegreatestnumberoffinancialassets

2、.C.involvesthesaleoffinancialassetsforthefirsttime.学号：D.offersfinancialassetswiththehighesthistoricalreturn.学号：Whichofthefollowingborrowerswouldpaythelowestinterestrateondebtsofequalmaturity?A.TheNationalBankofAustraliaB.TelstraC.TheCityofSydneyD.TheCommonwealthGovernmentAnexampleofanindirectformoff

3、undingisa/an:A.issueofdebentures.B.issueofunsecurednotes.C.termloan.D.issueofshares.Sellersoffinancialclaimspromisetopaybackborrowedfunds:A.byborrowingextrafundsinthefuture.B.basedontheirexpectationofhavingsurplusfundsinthefuture.C.bysellingotherassets.D.byreducingtheircostsrelativetotheirincomes.An

4、issueofdebenturesisanexampleof:A.asecondarymarkettransaction.B.fundraisingthroughfinancialintermediaries.C.adirectformoffunding.D.anindirectformoffunding.WhichofthefollowingisNOTapossibledisadvantageofdirectfinancing?A.MatchingamountsoffundstobeborrowedwiththosetobelentB.Assessmentoftheriskoftheborr

5、owerC.Costofpreparinglegalcontracts,taxationandaccountingadviceD.CostofthefinancialintermediaryinvolvedWhichofthefollowingstatementsaboutdepositsiscorrect?A.Callaccountsrepresentafluctuatingsourceoffundsforbanks.B.Termdepositsarefundslodgedwithabankforlongerthantwoweeks.C.Ascurrentaccountsarehighlyl

6、iquid,theyformanunstablesourceoffundsforabank.D.Achequeaccountmaypayinterest.TheAustralianinstitutionAPRAisresponsiblefortheregulatorysupervisionoffinancialinstitutionssuchasbanksandcreditunions.APRAstandsfor:A.AustralianPracticeandRegulatoryAssociation.B.AustralianPrudentialRegulationAuthority.C.Au

7、stralianPrudentialRuleAuthority.D.AustralianPracticeandRegulatoryAuthority.Whichofthefollowingstatementsaboutrecentlyadoptedguidelinescoveringcapitalrequirementsformarketriskthatbanksarerequiredtoperformisfalse?A.BanksuseariskmeasurementmodelbasedonaVaRapproach.B.Banksestimatethesensitivityofportfol

8、iocomponentstosmallchangesinprices.C.Banksmustholdcapitalagainstriskoflossfromchangesininterestrates.D.Banksholdafixedallocationoffundsbetweenvariousbalancesheetassetsandoff-balance-sheetbusiness.Inrelationtoabank,liquiditymanagementmeans:A.thebanksabilitytoquicklyconvertdepositsintoloans.B.thebanks

9、abilitytoonsellitsloans.C.thebanksabilitytohavefundsavailablewhendepositorsfundsmature.D.thebankspoliciesandpracticesinidentifyingandmanagingitsloansportfolios.Accordingtothetextbook,theBaselIIapproachtocapitaladequacyforbanksinvolvesmainelements.A.threeB.fourC.fiveD.six13、Partofabanksliquiditymanag

10、ementistoholdaportfolioof:A.termloans.B.mortgages.C.Commonwealthgovernmentsecurities.D.creditcardloans.14、Whichofthefollowingstatementsaboutregulatorycapitalisfalse?A.Tier1capitalincludespaid-upordinaryshares,retainedearnings,non-cumulativeirredeemablepreferencesharesandgeneralreserves.B.Tier2capita

11、lincludesgeneralprovisionfordoubtfuldebts,revaluationreservesofpremises,mandatoryconvertiblenotesandapprovedperpetualsubordinateddebt.C.Tier1capitaliscorecapital,includingpaid-upordinaryshares,non-cumulativeirredeemablepreferencesharesandgeneralreserves.D.Tier2capitalincludesgeneralreservesfordoubtf

12、uldebts,assetrevaluationreservesofpremises,otherpreferenceshares,mandatoryconvertiblenotes,cumulativeredeemablepreferencesharesandperpetualsubordinateddebt.15、Theformoffinancingforlargetouristresorts,propertydevelopments,heavyindustryandprocessingplantdevelopmentsiscalled:A.eurofinance.B.conglomerat

13、efinance.C.projectfinance.D.leasefinance.16、Theisthecompanyinamergertransactionthattriestomergewithoracquireanothercompany.A.targetcompanyB.takeovercompanyC.conglomeratecompanyD.hostilecompany17、Themaindifferencebetweenprojectfinanceandotherformsoflendingis:A.lendersbasetheirparticipationonexpectedf

14、uturecashflowsandassetsoftheproject.B.lenderstakeamajorequitystakeintheproject.C.theprojectcompany,whichissetupasaseparatelegalentity,reliesheavilyonventurecapitalistsforequityfunding.D.thelendershaveaclaimontheassetsoftheprojectaswellasthesponsors.18、Ifanindividualretiresearlybutwantstoretaintheirs

15、uperannuationentitlementsinafavourabletaxationenvironment,theycanholdtheireligiblesuperannuationfundsina:A.single-premiumscheme.B.growingannuityscheme. A.Thevolumeofon-exchangetradesofgovernmentsecuritiesisveryhigh.B.TreasurynotesandbondsmaybelistedontheAustralianSecuritiesExchange(ASX).C.Banksbuyan

16、dsellgovernmentsecuritiestomanagetheiroperationalliquidity.D.A11wholesaleelectronictransactionsinvolvingCommonwealthgovernmentsecuritiesaresettledthroughAustraclear.56、IftheAustralianReserveBankwantstoexpandthemoneysupply,itwill:A.buyCommonwealthgovernmentsecurities.ncreasethecashrate.C.sellCommonwe

17、althgovernmentsecurities.D.sellrepurchaseagreements.57、Duringperiodsofeconomicrecession,itisprobablethattheriskpremiumgapsfordifferentcorporateborrowerswill:A.decrease.B.increase.C.remainunchanged.D.widen.58、Aneconomicindicatorthattendstofollowchangesinthebusinesscycleisa:A.coincidentindicator.B.lag

18、gingindicator.C.leadingindicator.D.secondaryindicator.59、Inrelationtoeconomicindicators,alaggingindicatoris:A.anindicatorthatprovidessame-timetrackingofthelevelofeconomicactivity.B.anindicatorthatchangesafterachangeinthebusinesscycle.C.anindicatorthatmeasuresfrompeaktopeakofthebusinesscycle.D.anindi

19、catorthatchangesbeforechangesinthebusinesscycle.60、Tocompensatefortheuncertaintyoffutureinterestratesandthegreaterdefaultriskforlongertermloans,thelendergenerally:A.chargesahigherrateofinterestonlong-termloans.ncludesaveryhighnumberofrestrictivedebtprovisions.C.isentitledtochangethetermsoftheloanata

20、nytime.D.isentitledtodemandrepaymentoftheloanatanytime.二、True/FalseQuestions(10小题，每小题1分，共10分)1、Deficitentitiespurchasefinancialinstrumentsthatofferthelowestinterestrate.2、Theshareholdersofapubliccorporationdonotparticipatedirectlyintheday-to-dayoperationofacompanybutappointtheexecutivemanagementgrou

21、ptodosoattheshareholdersgeneralmeeting.3、Thepriceofanequity-relatedderivativeisdirectlyrelatedtothepriceofthecorrespondingsecurityonthestockexchange.4、Financialriskreferstorisksarisingfromthedifferenttypesofdebtsecuritiesissuedbyacompany.5、Asharethathasabetaof0.5ishalfasriskyastheaveragesharelistedonthesharemarket.6、Ifaninvestorpurchasesacommercialbillwithafacevalueof$100000withayieldof7.00%perannumandthen,in60days,sellsitatayieldof7.50%perannum,theinvestorwillmakeacapitalgainonthesaleofthebill.7、Theacceptorofacommercialbillundertakestop