广东金融学院计算机期末考试,广东金融学院期末考试试题.doc

广东金融学院期末考试试题

广东金融学院期末考试试题

2007 —2008 学年第二学期 A卷 考试科目：金融市场学(双语)

(闭 卷 分钟)_________ 姓名_________

I. Define the following terms. (15%)

1 Treasury Notes

2 Repurchase Agreements

3 Currency Forwards

4 CDO

5 Hedge Funds

Ⅱ. Decide whether the following statements are true or false. (10%)

1.A bond’s current market value is equal to the present value of the coupon payments plus the present value of the face amount.( )

2.Discounting the future is the procedure used to find the future value of a dollar received today.( )

3.The current yield is the best measure of an investor’s return from holding a bond.( )

4.Unless a bond defaults, an investor cannot lose money investing in bonds.( )

5.The current yield is the yearly coupon payment divided by the current market price.( )

6 Governments never issue stock because they cannot sell ownership claims.( )

7 Most of new equity issues are preferred stock.( )

8 The issuer of Treasury bond in the US is the Fed. ( )

9 Common stock is the riskiest corporate security, followed by preferred stock and then bonds.( )

10 Dividend of common stock is fixed. ( )

Ⅲ. Choose the best answer to each of the following question. (30%)

1 Money market instruments issued by the U.S. Treasury are called

(a)Treasury bills. (b)Treasury notes.

(c) Treasury bonds. (d)Treasury strips.

2 The presence of _________ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.

(a)noncollateralized risk (b)free-riding

(c)asymmetric information (d)costly state verification

3 The primary reason that individuals and firms choose to borrow long-term is to reduce the risk that interest rates will _________ before they pay off their debt.

(a)rise (b)fall

(c)become more volatile (d)become more stable

4 Compared to money market securities, capital