金融類英文考試題及答案

一、單項選擇題（每題2分，共10題）1.Whichofthefollowingisafinancialasset?A.LandB.MachineryC.BondD.BuildingAnswer:C2.Theinterestrateisdeterminedbytheinteractionof:A.SupplyanddemandformoneyB.GovernmentpolicyonlyC.CentralbankdecisiononlyD.Banks'lendingbehaviorAnswer:A3.Inabullmarket,thegeneraltrendofstockpricesis:A.FallingB.StableC.RisingD.UnpredictableAnswer:C4.Whichofthefollowingisnotafunctionofacentralbank?A.IssuingcurrencyB.AcceptingdepositsfromthepublicC.ConductingmonetarypolicyD.SupervisingbanksAnswer:B5.Afinancialinstrumentwithafixedinterestrateiscalled:A.Floating-ratenoteB.Fixed-ratebondC.ConvertiblebondD.Zero-couponbondAnswer:B6.Theriskthataninvestormaylosemoneyduetoachangeintheexchangerateiscalled:A.InterestrateriskB.CreditriskC.MarketriskD.ForeignexchangeriskAnswer:D7.Whichofthefollowingmeasuresacompany'sabilitytopayitsshort-termdebts?A.LiquidityratioB.SolvencyratioC.ProfitabilityratioD.ActivityratioAnswer:A8.Theprocessofbuyingandsellingfinancialassetstomakeaprofitfrompricedifferencesiscalled:A.InvestingB.SpeculatingC.HedgingD.ArbitrageAnswer:D9.Asecuritythatrepresentsownershipinacompanyis:A.BondB.StockC.OptionD.FuturescontractAnswer:B10.Thediscountrateusedinpresentvaluecalculationsisrelatedto:A.InflationrateB.InterestrateC.ExchangerateD.GrowthrateAnswer:B二、多項選擇題（每題2分，共10題）1.Whichofthefollowingaretypesoffinancialmarkets?A.MoneymarketB.CapitalmarketC.ForeignexchangemarketD.CommoditymarketAnswer:ABCD2.Characteristicsofagoodinvestmentinclude:A.HighreturnB.LowriskC.LiquidityD.DiversificationAnswer:ABC3.Factorsthataffectthevalueofabondinclude:A.CouponrateB.MaturitydateC.CreditqualityD.MarketinterestrateAnswer:ABCD4.Themainparticipantsinthefinancialsystemare:A.HouseholdsB.FirmsC.BanksD.GovernmentsAnswer:ABCD5.Typesoffinancialrisksare:A.CreditriskB.MarketriskC.OperationalriskD.LiquidityriskAnswer:ABCD6.Whichofthefollowingaremonetarypolicytools?A.ReserverequirementratioB.OpenmarketoperationsC.DiscountrateD.FiscalpolicyAnswer:ABC7.Componentsofaportfoliomayinclude:A.StocksB.BondsC.RealestateD.CashAnswer:ABCD8.Whatarethefunctionsoffinancialintermediaries?A.MobilizesavingsB.AllocatecapitalC.ProvideriskmanagementD.FacilitatetransactionsAnswer:ABCD9.Inthecontextofstocks,whatdothefollowingtermsreferto?A.Dividend-aportionofacompany'sprofitsdistributedtoshareholdersB.Earningspershare-netincomedividedbythenumberofoutstandingsharesC.Price-earningsratio-marketpricepersharedividedbyearningspershareD.Marketcapitalization-totalvalueofacompany'soutstandingsharesAnswer:ABCD10.Whichofthefollowingareinternationalfinancialinstitutions?A.InternationalMonetaryFund(IMF)B.WorldBankC.AsianDevelopmentBank(ADB)D.EuropeanCentralBank(ECB)Answer:ABC三、判斷題（每題2分，共10題）1.Abondholderhasanownershipstakeintheissuingcompany.(False)2.Themoneymarketdealswithshort-termfinancialinstruments.(True)3.Higherriskalwaysleadstohigherreturns.(False)4.Centralbankscancontrolinflationdirectly.(False)5.Astocksplitincreasesthetotalmarketcapitalizationofacompany.(False)6.Diversificationcancompletelyeliminateinvestmentrisk.(False)7.Thevalueofacurrencyisalwaysdeterminedbythegoldstandard.(False)8.Banksaretheonlyfinancialintermediaries.(False)9.Afuturescontractisanobligationtobuyorsellanassetatafuturedate.(True)10.Acompany'sdebt-to-equityratioisnotrelevantforinvestors.(False)四、簡答題（每題5分，共4題）1.Whatisthedifferencebetweenastockandabond?Answer:Astockrepresentsownershipinacompany,andshareholdershaveaclaimonthecompany'searningsandassets.Abondisadebtinstrumentwheretheissuer(companyorgovernment)borrowsmoneyfromthebondholdersandpaystheminterestandreturnstheprincipalatmaturity.2.Explaintheconceptofliquidityinfinance.Answer:Liquidityreferstohoweasilyanassetcanbeboughtorsoldwithoutsignificantlyaffectingitsprice.Highlyliquidassetslikecashcanbequicklyconvertedintootherassets.Lessliquidassetsmaytaketimetosellandmayincuralossinvalueduringthesellingprocess.3.Whatarethemaingoalsofmonetarypolicy?Answer:Themaingoalsofmonetarypolicyaretocontrolinflation,maintainstableeconomicgrowth,andensurefullemployment.Centralbanksusetoolslikeinterestrateadjustmentandmoneysupplymanagementtoachievethesegoals.4.BrieflydescribetheroleoftheInternationalMonetaryFund(IMF).Answer:TheIMFpromotesinternationalmonetarycooperation,providesfinancialassistancetomembercountrieswithbalance-of-paymentsproblems,andhelpscountriesmanagetheirexchangeratesandeconomicpolicies.五、討論題（每題5分，共4題）1.Discusstheimpactofinterestratechangesontheeconomy.Answer:Interestratechangesaffectborrowingandlending.Adecreaseininterestratesencouragesborrowingforinvestmentandconsumption,whichcanboosteconomicgrowth.However,itmayalsoleadtoinflation.Anincreaseininterestratescanslowdowneconomicgrowthasborrowingbecomesmoreexpensivebutcanhelpcontrolinflation.2.Howdoesdiversificationreduceinvestmentrisk?Answer:Diversificationinvolvesspreadinginvestmentsacrossdifferentassets.Differentassetsreactdifferentlytomarketconditions.So,ifoneassetperformspoorly,othersmayperform