金融市场与金融机构练习(五)--参考答案

天津商业大学2014-2015学年一学期

课程考试试卷答案(E卷)

课程名称：金融市场与金融机构考试时间：120分钟年级：xxx级

专业：xxx

题目部分，（卷面共有75题，100分，各大题标有题量和总分）

一、Multiple Choice Questions（60小题，共60分）

(1分)1、When a large company issues a financial instrument into the financial markets:

A.funds flow indirectly from saver to borrower.

B.the cost of funds is generally higher owing to the risk involved.

C.it buys a financial claim.

D.it sells a financial claim.

答案：D

(1分)2、The exchange of goods and services is made more efficient by:

A.barters.

B.money.

C.governments.

D.some combination of government transfer and barter.

答案：B

(1分)3、A savings-surplus unit is an entity:

A.that needs to borrow funds from a surplus unit.

B.which has an income that exceeds its spending.

C.whose spending exceeds its income.

D.called a company.

答案：B

(1分)4、Which of the following is NOT associated with characteristics of shares?

A.Part ownership of a company

B.Capital gains

C.A fixed interest payment

D.Dividends

答案：C

(1分)5、Financial institutions that are formed under a trust deed and attract funds by inviting the public to buy units are:

A.finance companies

B.building societies.

C.unit trusts.

D.life insurance offices.

答案：C

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(1分)6、When a borrower issues a debt instrument with collateral specified in its contract this debt instrument is called:

A.unsecured.

B.secured.

C.defined.

D.negotiable.

答案：B

(1分)7、A secondary financial market is one that:

A.offers financial assets with the highest expected return.

B.offers the greatest number of financial assets.

C.involves the sale of existing financial assets.

D.offers financial assets with the highest historical return.

答案：C

(1分)8、When an individual has immediate access to their funds from an account with a financial intermediary, the intermediary is engaging in:

A.asset transformation.

B.liability management.

C.liquidity management.

D.credit transformation.

答案：C

(1分)9、The main participants in the financial system are individuals, corporations and governments. Individuals are generally ______ of funds and corporations are net ________ of funds.

A.borrowers; suppliers

ers; providers

C.suppliers; users

D.demanders; providers

答案：C

(1分)10、The market that generally involves the buying and selling of discount securities is the:

A.securities market.

B.money market.

C.share market.

D.capital market.

答案：B

(1分)11、Secondary markets:

A.allow borrowers to raise long-term funds.

B.facilitate capital-raising in the primary market.

C.do not raise new funds but offer liquidity.

D.all of the given answers.

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答案：D

(1分)12、The movement of funds between the four sectors of a domestic economy and the rest of the world is called:

A.flow of funds.

B.sector analysis.

C.sectorial flows.

D.cross-sector flows.

答案：A

(1分)13、Which of the following is NOT a feature of a debt instrument?

A.A contractual claim against the borrower

B.Periodic interest payments

C.Higher claim on assets of borrower than equity holders

D.Their prices do not fluctuate as much as shares

答案：D

(1分)14、Which of the following is NOT a feature of the money market?

A.It is a mainly wholesale market

B.It deals with short-term financial claims

C.It is important in financing the working-capital needs of businesses and governments

D.It only operates as a market in which new security issues are created and marketed

答案：D

(1分)15、For additional funding, a company decides to issue $15 million in corporate bonds. The securities will be issued into the:

A.retail markets.

B.secondary markets.

C.money markets.

D.capital markets.

答案：D

(1分)16、The market structure of the banking sector has changed since deregulation of the financial system during the 1980s. Which statement most closely reflects the current structure of the banking sector in Australia?

A.Foreign banks dominate in number and share of total assets.

B.Major Australian banks no longer hold the largest share of total assets.

C.Total assets are fairly evenly distributed between the major, regional and foreign banks.

D.Major banks maintain the highest percentage of branches and share of total assets.

答案：D

(1分)17、The assets on a bank's balance sheet are:

A.the sources of funds.

B.the uses of funds.

C.the different types of deposits the bank offers.

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D.equal to the liabilities of the banks.

答案：B

(1分)18、The liabilities on a bank's balance sheet are:

A.the sources of funds.

B.the uses of funds.

C.the different types of loans the bank offers.

D.equal to the assets of the banks.

答案：A

(1分)19、The term ‘negotiable' in relation to a security means:

A.its price can be bargained for when sold.

B.it can be sold easily.

C.its buyer can negotiate its price when buying.

D.it is reasonably illiquid and will drop in price when sold.

答案：B

(1分)20、An example of an ‘off-sheet business' transaction that banks are generally involved in is:

A.providing a ‘standby letter of credit'.

B.providing a note issuance facility.

C.providing a short-term, self-liquidating trade contingency.

D.all of the given answers.

答案：D

(1分)21、Which of the following statements about bill acceptance facilities is incorrect?

A.When a bank discounts a bill for the issuer, it buys it.

B.When a bank that holds a bill rediscounts it the bank onsells it.

C.When a bank acts as an acceptor it will pay the face value of the bill to the holder at maturity.

D.If interest rates change before a bank bill matures, the bank can change the interest rate on it. 答案：D

(1分)22、Commercial banks take part in the money markets as:

A.lenders of funds only.

B.borrowers of funds only.

C.both lenders and borrowers of funds.

D.underwriters only.

答案：C

(1分)23、Which of the following statements regarding the foreign currency liabilities of a bank is incorrect?

A.The large international markets are important sources of funds for commercial banks.

B.Australian banks occasionally issue debt securities into the international markets to raise sums ranging from $20 million to $50 million.

C.Foreign currency liabilities issued into the euromarkets are typically denominated in US

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dollars.

D.After deregulation commercial banks were able to expand their international funding sources. 答案：B

(1分)24、A ‘commitment’ by a bank is:

A.a form of swap.

B.a promise by a large depositor to provide extra funds to the bank.

C.the unused balance on a bank credit card.

D.an undertaking to advance funds or to acquire an asset in the future.

答案：D

(1分)25、The Pillar 1 approach of Basel II capital adequacy incorporates the following three risk components:

A.credit risk, interest-rate risk and market risk.

B.default risk, interest-rate risk and operational risk.

C.credit risk, market risk and operational risk.

D.default risk, foreign exchange risk and operational risk.

答案：C

(1分)26、In the Basel II standardised approach to external rating grades, the asset counterparty weights for capital adequacy guidelines are:

A.10%, 20%, 50% and 100%.

B.10%, 50%, 100% and 150%.

C.20%, 50%, 100% and 150%.

D.20%, 50%, 100% and 200%.

答案：C

(1分)27、Foreign currency liabilities have increased in importance as a source of funds for Australian banks. Which of the following statements is NOT a major reason?

i. deregulation of the foreign exchange market

ii. diversification of funding sources

iii. demand from multinational corporate clients

iv. internationalisation of global financial markets

v. avoidance of the non-callable deposit prudential requirement

vi. expansion of banks' asset-base denominated in foreign currencies

A.v

B.ii

C.i

D.All of the given answers are correct.

答案：A

(1分)28、The task of the investment bank in a public issue of new shares is to:

A.offer interim financing to the firm.

B.invest the funds raised in the capital markets.

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