1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
A. his voting rights are considered more important
B. he has the greater right in choosing the board of directors
C. he receives his dividend before the ordinary shareholder
D. he has the right to buy ordinary shares more cheaply

2. What are the two major accounts in the balance of payments? ______.
A. Current account and fixed account
B. Capital account and deposit account
C. Capital account and current account
D. The account recording transfer payment and the account including an offsetting transaction

3. Which of the following is not a financial instrument? ______.
A. Treasury bills
B. Real estate
C. Mortgages
D. Stocks

4. The yield to maturity on a bond is ______.
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
B. the discount rate that set the present value of the payments equal to the bond price
C. the current yield plus the average annual capital gain rate
D. based on the assumption that any payments received are reinvested at the coupon rate

5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
A. promised yield
B. yield to maturity
C. coupon rate
D. current yield

6. Rapid increases in the price level during periods of recession or high unemployment are known as .
A. stagnation
B. stagflation
C. slump
D. inflation

7. A person who left his/her job to look for another job would be classified as ______.
A. structurally unemployed
B. cyclically unemployed
C. frictionally unemployed
D. no longer in the labor force

8. Which of the following is not included in a statement of owner's equity? ______.来源：
A. Net income
B. Unearned revenue
C. Dividend
D. Retained earning

9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
A. expansionary monetary policy and contractionary fiscal policy
B. contractionary monetary policy and expansionary fiscal policy
C. expansionary monetary policy and expansionary fiscal policy
D. ontractionary monetary policy and contractionary fiscal policy

10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
A. leisure...work
B. work...leisure
C. work...of all of other goods
D. leisure...of all other goods