【正文】 Buying assets with more than one brokerage accountC. The ability to buy mutual fundsD. Buying stocks for the long term5. External users of financial accounting information include all of the following except .A. suppliers B. line managers C. general public D. creditors6. CAPM is short for .A. Capital Asset Pricing Model B. Cash Added Price MatrixC. Capital Asset Pricing Matrix D. Cost and Price Model7. Liquidity measures the ______.A. value of an assetB. ease with which an asset can be exchanged C. usefulness of an assetD. economic and monetary reliability of an asset pared with other assets8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.A. documents... the credit B. merchandise... the contractC. documents... the contract D. merchandise...the buyer ordered9. A barter economy is one that does not possess _______.A. any wealth B. printed currencyC. a medium of exchange D. gold10. Which of the following is not true of airway bill? ______.A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goodsB. Airway bill is a document of title to the goodsC. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flightD. None of the above11. The value of money varies _____.A. directly with the unemployment rate B. directly with the price levelC. inversely with the unemployment D. inversely with the price level12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.A. the dollar has depreciated relative to the yenB. the dollar can now purchase more yen C. the yen can now purchase more dollarsD. the US trade balance with the Japanese economy has improved13. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.A. price feedback theory B. trade feedback theoryC. purchasing power parity theory D. Jcurve theory14. According to the optimal portfolio theory, where should portfolios lie? ______.A. On the efficient frontier B. Above the efficient frontierC. Under the efficient frontierD. Anywhere, as long as the portfolio is diversified15. Which of the following is not a user of management accounting information? ______.A. Store manager B. Creditor C. CEO D. CFO16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.Market ConditionBear Normal BullProbability 02 05Rate of return —25% 10% 24%A. 4% B. 10%C. 20% D. 25%Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).Bear Market Normal Market Bull MarketProbability Stock X_ 20% 18% 50%Stock Y 15% 20% 10%17. Financial markets serve to channel funds from ______.A. the government to contractors B. investors to consumersC. consumers to producers D. savers to investors 18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreedupon value of its currency B. of floating exchange rates determined by the supply and demand of one nation39。s currency relative to the currency of other nationsC. that prohibited governments from intervening in the foreign exchange marketsD. in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .A. Assets are originally recorded in accounting records at their cost to the business entityB. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinionC. Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market pricesD. Subtracting total liabilities from total assets indicates what the owner39。s equity in the business is worth under current market conditions20. A fiscal expansion in the UK ______ the pound sterling.A. tends to appreciate B. tends to depreciateC. does not affect the price of D. has no predictable effect on the price of答案： 14 / 14