International Financial Management, 2e (Bekaert / Hodrick)
Chapter 1 Globalization and the Multinational Corporation
1.1 Multiple Choice Easy
1) Which of the following was created in an effort to promote free trade?
A) World Trade Organization
B) the Sarbanes-Oxley Act
C) multilateral development banks
D) the Organization for Economic Cooperation and Development
Answer: A
2) Which one of the following is an investment from which the payoff over time is derived from the performance of an underlying asset?
A) a common stock certificate
B) a derivative security
C) a corporate bond
D) a mortgage bond
Answer: B
3) What is the name for the shifting of non-strategic functions to specialist firms to reduce costs?
A) outsourcing
B) multinational company
C) globalization
D) transnational corporations
Answer: A
4) According to the United Nations Conference on Trade and Development, what percentage of China's GDP in 2009 was attributed to the trade sector?
A) 70%
B) 60%
C) 65%
D) 50%
Answer: D
5) The World Bank's main goal is to ensure the stability of
A) the international monetary and financial system only in developed countries.
B) the international monetary and financial system in developing countries.
C) the international monetary and financial system in both developed and developing countries.
D) only the financial system in both developed and developing countries.
Answer: C
6) Between 2007 and 2010 the world witnessed a full-blown financial crisis that was attributed to
A) subprime mortgage repricing.
B) quantitative easing by the Fed.
C) foreign exchange imbalances.
D) banking failures.
Answer: A
7) Which of the following is NOT a protectionist tendency?
A) tariffs
B) comparative advantage
C) non-tariff barriers
D) quotas
Answer: B
8) This organization was established in 1995 to replace the GATT Treaty.
A) ASEAN
B) EEC
C) NAFTA
D) WTO
Answer: D
9) It is the right given to firms to produce specific products in exchange for a ________ fee.
A) Joint Venture
B) Securitization
C) Licensing
D) Royalty
Answer: C
10) Which one of the following provides a specialized sales or service strategy, offers support at various levels, and occasionally invests in the firm in exchange for periodic fees?
A) joint venture
B) franchising
C) licensing
D) royalty
Answer: B
11) ________ is a company that is commonly owned and operated by two or more firms.
A) Joint Venture
B) Franchising
C) Licensing
D) Royalty
Answer: A
12) The legal and financial structure controlling the relationship between a company's shareholders and its management is called the
A) Agency Theory.
B) Stakeholder Alternative.
C) Corporate Governance.
D) Concentrated Ownership.
Answer: C
13) Which organization was originally designed to encourage free trade between member states by regulating and reducing tariffs on traded goods?
A) NAFTA
B) EU
C) ASEAN
D) GATT
Answer: D
14) What is the name of the international organization that was founded to ensure the stability of the international system of payments and exchange rates among national currencies?
A) The International Monetary Fund
B) The World Bank
C) The World Trade Organization
D) The International Finance Corporation
Answer: A
15) The main resources of the International Monetary Fund are provided by
A) the members of the World Bank.
B) its member countries primarily through payments of quotas.
C) members of the Organization for Economic Cooperation and Development.
D) the Bank for International Settlements.
Answer: B
16) What is the name for an organization that invests a large pool of money on behalf of another organization such as a bank, insurance company, or a retirement fund?
A) hedge fund
B) private equity firm
C) institutional investor
D) mutual fund
Answer: C
17) In 1992, the European Union decided to create an economic as well as a monetary union involving the introduction of
A) a pegged currency known as the euro.
B) a managed currency know as the ecu.
C) a freely floating exchange rate for a currency known as the euro.
D) a single European currency managed by a European central bank.
Answer: D
18) The European Union is a free trade association that is based on a(n)
A) economic and monetary union.
B) economic union.
C) monetary union.
D) a commonly agreed upon list of lowered tariffs.
Answer: A
19) Which one of the following has a single currency managed by a common central bank?
A) ASEAN
B) European Union
C) World Trade Organization
D) The Organization for Economic Cooperation and Development
Answer: B
20) Which one of the following is renowned for its high-quality databases on economic and social data?
A) WTO
B) EU
C) OECD
D) World Bank
Answer: C
21) What is the name of the international organization that fosters monetary and financial cooperation and serves as a bank for central banks?
A) WTO
B) EU
C) World Bank
D) Bank for International Settlements
Answer: D
22) Which of the following are institutional banks that provide financial support and professional advice for developing countries?
A) multilateral development banks
B) central banks
C) investment banks
D) Barclays bank
Answer: A
23) What economic field of study explores the problems associated with a firm that arise from a separation of ownership and control and devises ways to resolve them?
A) futures and options
B) agency theory
C) foreign direct investment
D) franchising
Answer: B
24) State-owned investment funds that manage global portfolios of investment assets are known as
A) hedge funds.
B) sovereign wealth funds.
C) city-state pensions.
D) multinational mutual funds.
Answer: B
1.2 Multiple Choice Moderate
1) In the economic field of agency theory, which one of the following is viewed as an agent with the principals who are most importantly the firm's shareholders?
A) suppliers
B) employees
C) managers
D) attorneys
Answer: C
2) What do the Enron Corporation, Worldcom, and Tyco have in common?
A) They were part of the oil and gas industry.
B) All three were owned by a single parent company.
C) Each one was an example of sound corporate governance.
D) All were involved in corporate scandals.
Answer: D
3) Which one of the following is the most common method of overcoming the agency problem in developed countries outside of the U.S. and the U.K?
A) concentrated ownership
B) currency boards
C) hostile takeovers
D) foreign direct investment
Answer: A
International Financial Management, 2e (Bekaert / Hodrick)
Chapter 2 The Foreign Exchange Market
2.1 Multiple Choice Easy
1) Which of the following markets is comprises the world's major banks and other financial institutions?
A) Forex Market
B) Spot Market
C) Interbank Market
D) Money Market
Answer: C
2) When someone in the currency market can buy a currency at a low price and sell it for a higher price, it is known as ________.
A) arbitrage
B) the bid-ask spread
C) hedging
D) interbank currency market
Answer: A
3) Which one of the following features is not part of the interbank foreign exchange market?
A) derivative securities such as foreign currency futures and options
B) trade in swaps and forward contracts
C) immediate exchanges of monies
D) non-strategic loans
Answer: D
4) What is the largest financial market in the world measured in dollar-volume trade?
A) the U.S. stock markets
B) the currency markets
C) the forward and swap currency markets
D) the global market for loanable funds
Answer: B
5) When transactions are conducted on the spot currency markets, ________ business day(s) is(are) allowed for contract settlement.
A) one
B) two
C) five
D) ten
Answer: B
6) Which one of the following are the main participants in the global currency markets?
A) commercial banks
B) insurance companies
C) hedge funds
D) private equity funds
Answer: A
7) What do the market makers in the currency markets provide?
A) insurance against default by the buyers
B) solvency
C) stability
D) liquidity
Answer: D
8) Which one of the following is not a characteristic of a liquid market?
A) Market makers stand ready to buy and sell currencies.
B) Foreign exchange dealers make transactions only with dealers.
C) It becomes easy to match buyers and sellers.
D) Transaction costs are low.
Answer: B
9) How would economists most often define a perfectly competitive market?
A) Many firms compete with one another, and the cost of entering the market is low.
B) Many firms compete with one another, and the cost of entering the market is high.
C) Firms do not compete with one another, and the cost of entering the market is low.
D) Firms do not compete with one another, and the cost of entering the market is high.
Answer: A
10) Which one of the following firms dominates the foreign exchange markets?
A) No one firm dominates.
B) Deutsche Bank
C) UBS
D) Citigroup
Answer: A
11) When an exchange rate is quoted by a dealer in country as the local currency price of one unit of foreign currency, he is quoting the ________.
A) indirect quote
B) direct quote
C) bid quote
D) ask quote
Answer: B
12) What currency currently serves as the world's primary vehicle currency?
A) Japanese yen
B) British pound
C) U.S. Dollar
D) European euro
Answer: C
13) The ________ quote refers to the dollar price of a foreign currency.
A) European
B) American
C) Bid
D) Ask
Answer: B
14) If you were trading currency in the New York currency market, the exchange rate between two currencies not expressed in U.S. dollars would be known as the ________ quote.
A) direct
B) indirect
C) cross-rate
D) European
Answer: C
15) What is the name of the rate currency traders quote in the interbank market to sell foreign currencies?
A) bid-ask spread
B) bid rate
C) cross rate
D) ask rate
Answer: D
16) The difference between the ask rate and the bid rate is known as the
A) arbitrage profit.
B) dealer's profit.
C) spread.
D) bid-ask spread.
Answer: D
17) The fourth decimal place in a dealer's quote in the trade jargon is known as the
A) pip.
B) round trip.
C) spread.
D) haircut.
Answer: A
18) What is the name of the computer network in which member banks globally send and receive messages pertaining to foreign exchange transactions?
A) Fed funds
B) SWIFT
C) CHIPS
D) The Automated Clearing House (ACH)
Answer: B
19) When it comes to currency transfers, what is the most important global interbank communications network?
A) CHIPS
B) TARGET
C) SWIFT
D) RTGS
Answer: C
20) What is the name of the risk that a financial institution may not deliver the currency on one side of a completed currency transaction?
A) dealer risk
B) market risk
C) Herstatt risk
D) exchange rate risk
Answer: C
21) When it comes to trading global currency, all of the following markets are in the top five EXCEPT:
A) London.
B) Singapore.
C) Tokyo.
D) Frankfurt.
Answer: C
2.2 Multiple Choice Moderate
1) The cash manager at AmFlex Company needs to buy 1,000,000 British pounds to pay a British supplier. A currency broker quotes him a bid-ask rate of ?.4865-.5116/US$. What will be the dollar cost the 1,000,000 pounds?
A) $2,055,499
B) $1,954,652
C) $486,618
D) $511,587
Answer: A
2) The CFO at SmithKlone Company receives a lump sum payment from a foreign vendor of 2,000 euros and intends to convert them to US$. When she calls her currency broker, the quote given is
€.6250-.6667/US$. What can she expect to realize in US$ from the broker?
A) $3,200
B) $3,000
C) $1,250
D) $1,334
Answer: B
3) The broker at Deutsche Bank quotes bid-ask rates of ¥104.15-30/$. What would be its direct asking price f or yen if the bank's €/$ ask rate is .6550?
A) €.0061/¥
B) €.00628/¥
C) €159.24/¥
D) €164.25/¥
Answer: B
4) Eastern Copper Mines of New Zealand has called a broker at Deutsche Bank to ask her opinion about the Japanese yen to New Zealand dollar exchange rate. What would the broker's answer be?
A) ¥104.30/NZ$
B) ¥80.60/NZ$
C) ¥75.44/NZ$
D) ¥65.57/NZ$
Answer: D
International Financial Management, 2e (Bekaert / Hodrick)
Chapter 3 Forward Markets and Transaction Exchange Risk
3.1 Multiple Choice Easy
1) What is the name of the contract where corporations, institutional investors, and individuals are required to pay or to receive a specific amount of foreign currency at a specific exchange rate at a particular date in the future?
A) forward foreign exchange market
B) forward currency contract
C) forward rate contract
D) future hedge contract
Answer: B
2) One important purpose of the forward markets for foreign exchange allows global traders to protect themselves by ________.
A) hedging
B) arbitraging
C) speculating
D) preventing default
Answer: A
3) What is the name of the exchange rate specified in the forward contract?
A) spot rate
B) forward rate
C) future exchange rate
D) cross-rate
Answer: B
4) If you want to hedge and owe a firm a foreign currency in the future, you would
A) buy the foreign currency forward.
B) sell the foreign currency forward.
C) speculate on the possibility to not hedge.
D) buy the currency now and deposit into a bank account until needed.
Answer: A
5) A swap transaction in the forward market involves the simultaneous sale and purchase of a certain amount of foreign currency for ________.
A) one specific date in the future
B) many different dates in the future
C) two different dates in the future
D) speculation under the correct conditions
Answer: C
6) In a forward contract no monies change hands until the maturity date of the contract known as the ________,
A) spot value date
B) exercise date
C) forward contract date
D) forward settlement date
Answer: D
7) In the forward market the bid-ask spreads begin to ________ as the maturity date of the contract grows closer.
A) widen
B) narrow
C) stabilize
D) disappear
Answer: A
8) If the forward price of a currency contract is higher than the spot rate, the currency is said to be at a
A) forward discount.
B) forward premium.
C) future expected exchange rate.
D) forward swap rate.
Answer: B
9) If the forward price of a currency contract is lower than the spot rate, the currency is said to be at a
A) forward discount.
B) forward premium.
C) future expected exchange rate.
D) forward swap rate.
Answer: A
10) What is a spot-forward swap?
A) the purchase of foreign currency spot against the sale of the same amount of foreign currency forward
B) the sale of foreign currency spot against the purchase of the same amount of the foreign currency forward
C) both the purchase or sale of a foreign currency spot against the sale or purchase of the foreign currency forward
D) the purchase of a foreign currency forward contract at the outright rate
Answer: C
11) What is the term for the conditional mean of the probability distribution of future spot rates?
A) the expected swap rate
B) the future exchange rate
C) the outright rate
D) the expected future spot rate
Answer: D
12) If the euro is selling at a premium relative to the USD in the forward market, is the forward price of USD /EUR larger or smaller than the spot price of the USD /EUR?
A) larger
B) smaller
C) indeterminate
D) the same
Answer: A
13) If the USD is selling at a discount relative to the yen in the forward market, is the forward price of JPY/USD larger or smaller that the spot price of the JPY/USD?
A) larger
B) smaller
C) indeterminate
D) the same
Answer: B
14) What is the name of the action that uses derivative securities to reduce risks arising from underlying business transactions in financial markets?
A) forward contracts
B) hedging
C) forward rates
D) speculating
Answer: B
15) Why are the bid-ask spreads larger in the forward market than in the spot market?
A) because the forward market is less liquid than the spot market
B) because the spot market is more volatile than the forward market
C) because the forward market is more liquid than the spot market
D) because the spot market is less liquid than the forward market
Answer: A
16) Which one of the following options is not a type of swap?
A) the sale of foreign currency short-term forward against the purchase of foreign currency forward
B) the purchase of foreign currency short-term forward against the sale of foreign currency long-term forward
C) the purchase of foreign currency spot against the sale of foreign currency forward
D) the sale of foreign currency short-term forward against the purchase of foreign currency long-term forward
Answer: A
17) One of the major reasons for the existence of the forward market is to ________.
A) provide a location for all currency traders to assemble and trade
B) manage currency risk especially risk associated with a transaction
C) hedge transactions involving foreign currency that occurred in the past
D) prevent default in the transaction
Answer: B
18) When does delivery occur on a 90-day forward contract?
A) in 90 days corresponding to two business days preceding the third Wednesday of the month
B) immediately but the contract is not closed for 90 more days
C) in 90 days corresponding to the calendar date of the spot value date
D) two business days following the spot value date
Answer: C
19) What is meant by the conditional future spot rate?
A) the forward rate
B) the forecasted future spot rate
C) the conditional variance of the probability distribution of future spot rates
D) the conditional mean of the probability distribution of future spot rates
Answer: D
20) How much of the probability distribution of future spot rates is between plus or minus two standard deviations?
A) 95.44%
B) .167%
C) 98%
D) 4.55%
Answer: A
3.2 Multiple Choice Moderate
1) From the perspective of the MNC, the most important purpose of the forward markets is the process of ________.
A) hedging
B) arbitraging
C) speculating
D) preventing default
Answer: A
2) On December 3,2001, spot Japanese yen were sold at $0.008058. Suppose the 180-day forward Japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?
A) 0.008245
B) 0.008135
C) 0.008457
D) 0.008550
Answer: B
3) Suppose the spot rate and forward rate for the British pound are $1.4248 and $1.4179 respectively. Assume the forward pound is selling at a 1.94% annualized discount, what is the number of days of the forward contract?
A) 180 days
B) 120 days
C) 90 days
D) 60 days
Answer: C
4) It is 1998. The spot and 30-day forward rates for the Dutch guilder are $.3075 and $.3120, respectively. The guilder is said to be selling at a forward
A) premium of 16.83%
B) premium of 17.56%
C) discount of 6.39%
D) discount of 15.10%
Answer: B
5) If you were asked to forecast the future spot rate of a currency, how much of the probability distribution of the rate is between plus or minus 2 standard deviations?
A) 12.55%
B) 24.55%
C) 62.87%
D) 95.44%
Answer: D
International Financial Management, 2e (Bekaert / Hodrick)
Chapter 5 Exchange Rate Systems
5.1 Multiple Choice Easy
1) Which one of the following is not one of the three main currency systems in practice today?
A) currency boards
B) floating exchange rates
C) target zones
D) pegged exchange rate systems
Answer: A
2) The exchange rate system in which a country allows the value of the currency to be determined by the market forces of supply and demand is known as a
A) currency board.
B) floating exchange rate.
C) target zone.
D) pegged exchange rate system.
Answer: B
3) What is the name for the composite currency that consists of various units of other currencies?
A) pegged currency
B) seignorage
C) basket of currency
D) special drawing rights
Answer: C
4) The special drawing rights of the IMF and the European currency unit are two examples of ________.
A) currency boards
B) floating exchange rates
C) target zones
D) baskets of currencies
Answer: D
5) In the ________ exchange rate system, the currency has limited flexibility and the rate is kept within
a fixed band.
A) currency board
B) floating exchange rate
C) target zone
D) pegged exchange rate system
Answer: C
6) What is the name of the account in which many central banks require their banks to hold a percentage of the deposits as reserves at the central bank?
A) retained earnings
B) excess reserves
C) margin account
D) required reserves
Answer: D
7) When the central bank attempts to influence the supply of money in a country by the sale or purchase of government bonds, the practice is known as ________.
A) open market operations
B) a sterilized float
C) a dirty float
D) changing the required reserves
Answer: A
8) Which of the following would NOT be a major component of a country's official reserves?
A) foreign exchange
B) IMF-related reserve assets
C) gold
D) government bonds
Answer: D
9) What is the name of the exchange rate system in which countries allow the value of their currency to be determined freely in the foreign exchange markets around the world without any government restrictions?
A) European currency unit
B) fixed currencies
C) floating currencies
D) dirty float currency
Answer: C
10) What is the name of the exchange rate system where the governments attempt to make sure the values of their currencies trade at particular values in the foreign exchange market, relative to another currency or a "basket" of currencies?
A) European currency unit
B) fixed currencies
C) floating currencies
D) dirty float currency
Answer: B
11) What is the name of the value of the real resources that the central bank obtains through the creation of base money?
A) seigniorage
B) sterilized intervention
C) dollarization
D) target zone
Answer: A
12) The phenomenon of foreign currency driving out local currencies as a means of payment and a savings vehicle is known as ________.
A) seigniorage
B) dollarization
C) sterilization
D) devaluation
Answer: B
13) What is the name of the unit of account created by the IMF which is sometimes used to denominate contracts?
A) European currency unit
B) special drawing right
C) floating currencies
D) basket of currencies
Answer: B
14) Which account should NOT be included in the asset section of a central bank balance sheet?
A) currency in circulation
B) official international reserves
C) domestic credit
D) government bonds
Answer: A
15) Official international reserves consist of three major components EXCEPT:
A) gold reserves.
B) foreign exchange reserves.
C) deposits of private financial institutions.
D) IMF-related reserves assets.
Answer: C
16) What is the name for the set of regulations pertaining to flows of capital into and out of a country?
A) capital controls
B) target zone system
C) crawling peg
D) lead-lag operations
Answer: A
17) What is the negative side effect on the money supply of a non-sterilized foreign exchange intervention?
A) A higher money supply eventually leads to lower inflation, and the foreign exchange objective of the central bank's policy may conflict with its abroad goal of price stability.
B) A higher money supply eventually leads to higher inflation, and the foreign exchange objective of the IMF's policy may conflict with its domestic goal of price stability.
C) A higher money supply eventually leads to lower inflation, and the foreign exchange objective of the central bank's policy may conflict with its domestic goal of price stability.
D) A higher money supply eventually leads to higher inflation, and the foreign exchange objective of the central bank's policy may conflict with its domestic goal of price stability.
Answer: D
18) What are the three major components of the official reserves account?
A) foreign exchange reserves, gold, and IMF-related reserve assets
B) foreign exchange reserves, foreign government bonds, gold
C) IMF-related reserve assets, gold, and U.S. Dollars
D) gold, IMF-related reserves assets, and government-owned land
Answer: A
19) When a central bank buys foreign currency, its international reserves ________.
A) decrease
B) increase
C) remain unchanged
D) are difficult to determine
Answer: B
20) In fixed exchange rate systems, the tendency is for the domestic currency to be ________.
A) undervalued
B) at parity
C) overvalued
D) unchanged relative to the rest of the world's currencies
Answer: C
5.2 Multiple Choice Moderate
1) If you were attempting to characterize the currency in a floating rate system, the most important factor to analyze is the ________ of the future exchange rate changes.
A) conditional distribution
B) histogram
C) sample mean
D) sample variance
Answer: A
2) In which one of the following systems would it be least difficult to quantify the currency risk?
A) floating exchange system
B) target zone system
C) pegged exchange rate system
D) currency board
Answer: A
3) What is the most likely outcome if a central bank suddenly prints a large amount of new money?
A) no change in the inflation rate
B) higher inflation
C) recession
D) prosperity
Answer: B
4) When countries have pegged exchange rate systems, they often set up ________ to improve the credibility of the system in the eyes of the global traders.
A) target zone systems
B) futures markets for currencies
C) currency board systems
D) sterilized interventions
Answer: C
5) Which one of the following systems would most often be used by a developing economy?
A) target zone
B) currency board
C) floating exchange rate
D) crawling peg
Answer: D
International Financial Management, 2e (Bekaert / Hodrick)
Chapter 6 Interest Rate Parity
6.1 Multiple Choice Easy
1) The term covered means the investment is ________ transaction foreign exchange risk.
A) hedged against
B) exposed to
C) completely free from
D) structured to activate forward contracts that free it from
Answer: A
2) When parity conditions are not in effect in currency and money markets, traders could make extraordinary profits from a practice known as ________.
A) covered interest rate parity
B) covered interest rate arbitrage
C) triangular arbitrage
D) forward market arbitrage
Answer: B
3) What is the name of the interbank interest rate used in external currency markets that is the most important and used in various cities globally in contractual loan agreements?
A) the fed funds rate
上财经济学考研参考书及考试科目 为了方便广大考研学子更好的了解上财经济学考研,凯程艾老师为大家整理总结了上海财经大学考试科目及参考书,希望能帮到广大考研学子。祝愿2019考研学子顺利考上研究生。 考试科目:801经济学 一、适用专业: 人文学院:马克思主义哲学/伦理学/科学技术哲学/经济哲学/马克思主义基本原理/马克思主义中国化研究/思想政治教育 经济学院:政治经济学/经济思想史/经济史/西方经济学/人口、资源与环境经济学/劳动经济学/数量经济学(要求硕博连读) 公共经济与管理学院:国民经济学/财政学/投资经济/税收学/公共经济政策学/房地产经济学/技术经济及管理/行政管理/社会医学与卫生事业管理/教育经济与管理/社会保障/土地资源管理 财经研究所:区域经济学/国防经济/城市经济与管理/能源经济与环境政策/农业经济管理/林业经济管理 金融学院:金融学/保险学/金融数学与金融工程/信用管理(要求硕博连读) 国际工商管理学院:世界经济/世界经济/国际贸易学/企业管理/旅游管理/市场营销学/体育经营管理 会计学院:会计学/财务管理 二、参考书目: 范里安版《微观经济学:现代观点》、曼昆版《宏观经济学》、巴罗版《宏观经济学:现代观点》 三、试卷构成: 微观经济学(75分) 宏观经济学(75分) 四、考试题型: 判断题(每小题1分,共20分) 单项选择题(每小题1分,共40分) 问答(计算)题(每题15分,共90分)
五、招生概括: 近几年,上海财大考研报考人数日益增多,复试分数持续攀升,竞争日趋白热化。这一方面是由于随着大批海归的加盟,学科发展很快,另一方面依托上海国际金融中心的加快建设,吸引了越来越多的考生选择上海财大。
章华:《计算机实用技术》上课认真,几乎每节课有作业,点名。要是想混学分的不建议修。期末开卷,允许你上网允许你翻书,90+ 李显根:《中国旅游文化》基本不点名,期中作业,期末开卷,水课。90+很轻松。《应用写作》期末考试多写字,可以学到知识,认真点给分很高。 吴智斌:《中国旅游文化》基本不点名,期中作业,期末开卷,水课,给分蛮高。85+ 《港台文学专题》期末卷子来自ppt可能要记下笔记(也可以复印),80-90+ 崔霞:幽默和善,不点名,90+考试以论文为主,期中会要求做ppt,给分高,老师人超好叶宁:财政学,老师很好。 陈朝霞:《美学概论》水课,作业艺术作品,期末论文 《影视文化欣赏》平时期中影评,多写加分,期末论文90+,点名签到 《乐理知识与欣赏》《艺术概论》《音乐鉴赏》…都很好。点名是签到,可找人代签。 朝霞姐姐还有一些给人文艺术的课,当做任选去上很不错。 颜涛:《商务谈判》 李欣:《公共关系学》基本不点名,期末作业做策划,小组完成,老师不错。85+ 蒋铁初:《浙江文化概览》不点名,水课,85+。《经济法》没期中考,期末范围小。 胡文才:《创造学》点名,给分可以,老师幽默。 董黎明:《网络会计》给分90+。老师也很好啊,给分超高,基本都是90+了,相比之下贵哥就略显严厉了。《Excel在财会中的高级应用》不错的,上课水,给分高,只要你考试ok就行。 郭德贵:《网络会计》比董黎明给分略严。《中财》期中自己打分,期末成绩看考试,严格。罗照华:课略水,给分不错《中财》作业多,基本不点名。《基础会计》同理 何运信:《金融学》期末好过,给分可以,中间小组做ppt,偶尔点名,期末背诵多。已经是这门课呼声最高的了。 徐敏:《国际金融学》期中小组ppt,基本不点名,给分可以。《跨国银行管理》(PS:不知道还在不在校) 郑恒:《宏观经济学》不点名,给分可以80+ 纪云东:行为经济学,80+ 武鑫:人格魅力大,给分可以,幽默,鲜少点名 操世元:给分可以,上课也还行。有人不喜欢他的风格。 曲凌夫:《工程技术基础》不点名,偶尔让来的人写名字加分,给分高。有人期中在寝室睡觉没考,给84。 吴俊英:《基础会计》上课一定要到,期末给分不错,平时严。 吴诗启:《商品学》点名2次,期末短论文,偶尔自修 赵敏:只要上课,90保证《基础会计》 张慧芳:幽默 戴娟萍:讲课生动《财务管理》不错,有案例。 吴霖:《中国税制》不错 杨春玲:《中国税制》。上课比较仔细讲的也不错 周慧文:社保 唐云峰:行管,激进分子,上课最好带字典 唐春晖:《管理沟通》上课互动,小组作业,期末90左右,组长高1-3分,点名 毛宁:《美术鉴赏》期末论文,基本90+,点名3次。,作业就期末一篇3000的作文。《中外
一、名词解释 货币制度:国家以法律规定的货币流通结构和组织形式。 金银复本位制:金银两种金属货币同时作为本位币的货币制度。金银都是币材,金银币同时流通。 有限法偿:在一次支付行为中,若超过规定的数额,收款人有权拒收;在法定限额内,拒收则不受法律保护。 无限法偿:法律保护取得这种能力的货币,不论每次支付数额多大,不论属于何种性质的支付,即不论是购买商品、支付服务、结清债务、缴纳税款等,支付的对方都不能拒绝接受。格雷欣法则:即劣币驱逐良币规律,指在金银复本位制度下两种实际价值不同而法定价格相同的货币同时流通时,市场价格偏高的货币(良币)就会被市场价格偏低的货币(劣币)所排斥,良币退出流通被贮藏,而劣币充斥市场。 商业信用:工商企业之间买卖商品时以商品形式提供的信用,包括商品买卖行为和借贷行为。借贷行为以买卖行为为基础,是企业之间的直接信用。 消费信用:对消费者个人提供的,用以满足其消费方面所需货币的信用。 银行信用:银行和金融机构以货币形态向社会提供的信用。(具备如下两个特点:a.以金融机构作为媒介。这里的金融机构主要指银行,同时也包括经营类似银行业务的其他非银行的金融机构。b.借贷的对象,直接就是处于货币形态的资本) 基准利率:基准利率也叫再贷款利率或再贴现利率,是由中央银行公布的商业银行存款、贷款、贴现等业务的指导性利率,在整个利率体系中起核心作用并能制约其他利率。 直接融资:指最后放款人和最后借款人之间直接进行的资金融通方式。 间接融资:指由金融机构在最后借款人和最后贷款人之间充当媒介的融资活动。 商业汇票:指由付款人或存款人(或承兑申请人)签发,由承兑人承兑,并于到期日向收款人或被背书人支付款项的一种票据。 商业期票(商业本票):是由债务人对债权人开出在一定时期内无条件支付款项的债务证书。可转让大额存单:是由商业银行发行的一种金融产品,是存款人在银行的存款证明。 回购市场:是指对回购协议进行交易的短期融资市场。 场外市场:指在全球范围内连接证券商及其他客户的计算机和远程通信系统,又称柜台交易市场,是在交易所以外进行证券交易的网络。 金融衍生工具:又称"金融衍生产品",是与基础金融产品相对应的一个概念,指建立在基础产品或基础变量之上,其价格随基础金融产品的价格(或数值)变动的派生金融产品。
上财经济学真题 Document serial number【NL89WT-NY98YT-NC8CB-NNUUT-NUT108】
一、判断题(每小题1分) 1、给定消费者偏好,如果两种商品之间满足边际替代率递减,那么这两种商品的边际效用一定递减。 2、在垄断市场上,一种商品需求的价格弹性越大,垄断定价中成本加成系数减少。 3、如果一种商品的收入效应为正,那么当价格下降时,消费者剩余的变化(△CS)、补偿变差(CV)和等价变差(EV)大小满足:∣EV∣>∣△CS∣>∣CV ∣。 4、如果李三的偏好可以用函数Max{x,y}表示,那么他的偏好是凸的。 5、如果消费者偏好可以用C-D效用函数表示,那么,消费者在一种商品上的支出占总支出的比例不随价格或收入改变而变化 6、对于一个公平的赌博,即期望的净收益为零,此时判断一个人是否是风险爱好,取决于他是否会接受公平的赌博。 7、在博弈情形中,如果扩大一个参与者的策略集,那么至少该参与者的福利不会下降。 8、福利经济学第二定理告诉我们,只要所有交易者具有理性、严格递增偏好,那么每一个帕累托有效的配置都是某一竞争均衡的结果。 9、在外部性问题中,如果每个消费者具有拟线性偏好,那么帕累托有效配置独立于产权分配。 10.、道德风险问题是由于交易一方不能观察另一方类型或质量导致的。 11、新古典经济增长模型与内生经济增长模型的主要区别是,前者没有考虑技术进步,,后者包含了技术进步。 12、货币中性主要是指货币供给变动只影响名义变量,而不影响实际变量。 13、对汇率固定、资本只有流动的小国开放经济,财政政策比货币政策更有效。 14、货币需求交易理论注重货币收益,货币需求资产组合理论注重货币成本。 15.、与政策相关的“时间不一致性”是指当政者宣布政策的目的在于麻痹公众,以达到自己的党派利益。 16、在计算GDP时,企业购买的新厂房及办公用房应当计入投资,而个人购买的新住房应计入消费。 17、在物价为黏性的时间范围内,古典二分法不再成立,并且经济会背离古典模型所预言的均衡。 18、根据货币需求的资产组合理论,股票的实际预期收益不影响货币需求。 19、正如凯恩斯一样,许多经济学家相信在经济衰退时,投资相对无弹性,因此,利益的降低对投资和国民收入几乎没有什么影响。 20、资本与劳动在生产上是可以相互替换的,这是新古典增长模型的假设条件。 二、单项选择题(每小题1分) 21、在两商品经济中,王四觉得商品1越来越好,商品2越多越糟,那么__. A、无差异曲线一定是凸向原点的; B、无差异曲线一定向右上方倾斜; C、无差异曲线可能是呈椭圆形; D、以上都不是 22、在下列效用函数中,哪一个具有风险规避(risk-aversion)倾向,这里x 代表财富水平。 A、u(x)=100+3x B、u(x)=lnx C、u(x)=x2 D、以上都不是