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20 1 1 April 《 Financial Theory and Practice 》 Test Questions and Answers
National Higher Education Self-study Examination April 20th11

Financial theory and practice test questions

First, multiple-choice questions (20 small questions in this big question, 65438+ 0 points for each small question, 20 points * * *)

1. The following are full-value currencies ()

A. paper money B. paper money C. metal money D. electronic money

2. The real driving force for the evolution of monetary form is ()

A. the mandatory requirements of the state on the form of currency B. the guidance of developed countries

C. Economist's design D. Money demand generated by the development of commodity production and exchange

3. Major currencies in circulation ()

A. It is a small denomination currency less than 1 currency unit. It is a limited legal tender.

C. it is mainly used for small and sporadic transactions. D. it is the basic currency of a country.

4. On the whole, belongs to the monetary fund surplus department is ().

A.b. Non-financial enterprise sector

C.d. financial institutions

5. Municipal bonds issued by local governments belong to ()

A. Commercial credit B. Bank credit C. National credit D. Consumer credit

6. In the case of multiple interest rates coexist, the decisive interest rate is ().

A. benchmark interest rate B. nominal interest rate C. real interest rate D. market interest rate

7. At present, the RMB exchange rate is ().

A.b. linked exchange rate system

C. Dual exchange rate system of internal settlement price and foreign exchange rate

D. A managed floating exchange rate system based on market supply and demand and adjusted with reference to a basket of currencies.

8. Under the direct quotation, if the amount of domestic currency converted from foreign currency per unit increases, it means ().

A. appreciation of foreign currency B. depreciation of foreign currency

C. Declining foreign currency exchange rate D. Rising local currency exchange rate

9. The stock market belongs to ()

A. Money market B. Capital market C. Futures market D. Option market

10. The main purpose of the central bank's participation in financial market activities is ()

A. Earning profits B. Monetary policy operation C. Raising funds D. Hedging

1 1. The following does not belong to the characteristics of the money market ()

A. short transaction period B. weak liquidity C. high security D. large transaction amount

12. At present, the benchmark interest rate in China's money market is ().

A. london interbank offered rate

13. The option holder can execute the option contract at any time before the option expiration date ().

A. Japanese option B. Hong Kong option C. American option D. European option

14. The initial issue price of shares of listed companies is 8 yuan. If the closing price of the stock is 12 yuan and the earnings per share is 0.5 yuan, the price-earnings ratio of the stock is ().

A. 16

15. The following does not belong to the function of financial derivatives market ()

A. Price discovery B. Hedging C. Speculative profit D. Financing funds

16. In China, the financial institution established by large enterprise groups mainly provides financial management services for enterprise group members is ().

A. Financial asset management company B. Financial leasing company

C. Finance companies D. Trust companies

17. As a managed financial institution in China, "one line, three meetings" means ()

A. People's Bank of China, Central Financial Working Committee, Local Financial Working Committee and various financial industry associations.

B People's Bank of China, Banking Association, Securities Association and Insurance Association.

C. China People's Bank, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission.

D. Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission.

18. The liability business of commercial banks mainly includes deposit business and ().

A. loan business B. securities investment business C. loan business D. cash asset business

19. The insurance that the assured requests the insurer to guarantee his creditor's rights according to the requirements of the obligee is ().

A. Liability insurance B. Guarantee insurance C. Reinsurance D. Personal insurance

20. The Phillips curve reflects ()

A. the inverse relationship between unemployment rate and price increase rate

B. The inverse relationship between unemployment rate and economic growth

C. the inverse relationship between price stability and balance of payments

D. the inverse relationship between economic growth and balance of payments

Second, multiple-choice questions (this big topic ***5 small questions, each small question 2 points, *** 10 points)

2 1. The advantage of indirect financing lies in ()

A. flexible and convenient B. diversified investment and high security.

C.it has economies of scale. D. Capital suppliers have high return on investment.

E is conducive to strengthening the concern of fund providers on the use of funds.

22. The following statement about large negotiable certificates of deposit is correct ().

A. certificates of deposit have a large denomination. B. The secondary market is very developed.

C. originated in Britain D. strengthened the asset management concept of commercial banks.

E. certificates of deposit are bearer.

23. At present, the global international financial institutions mainly include ().

A. Bank for International Settlements b Asian Development Bank

C. World Bank Group D African Development Bank

E. International Monetary Fund

24. The basic function of insurance is ()

A.b. economic relief

C. Spreading risks D. Compensation for losses

E. Investment profit

25. The following items that belong to the capital and financial accounts in the balance of payments are ().

A. Frequent movement of goods B.

C.d. securities investment

E. Reserve assets

Third, the noun explanation question (this big question ***5 small questions, 3 points for each small question, *** 15 points)

Triffin dilemma.

27. Commercial credit

28. convertible bonds

29. Repurchase agreement

30.M&A business

Four, calculation problem (this big problem ***2 small questions, each small question 6 points, *** 12 points)

3 1. An enterprise plans to apply for a loan of 30 million yuan from the bank for a period of two years. The 2-year loan from Bank A has an annual interest rate of 6%, which is simple interest; The annual interest rate of the two-year loan given by Bank B is 5.7%, with compound interest every year. Which bank should the enterprise borrow from when other loan conditions are the same?

32. In March 2009, the face value of the newly issued A fund unit was 1 yuan, and two subscription rates were stipulated: one was between 1 ten thousand yuan (including 1 ten thousand yuan) and 5 million yuan, and the subscription rate was1.5%; The one-time subscription amount is more than 5 million yuan (including 5 million yuan), and the subscription rate is 1%.

(1) An investor subscribed for Fund A for 200,000 yuan. Please calculate the fund share he subscribed for. (3 points)

(2) On September 10, 2065438, investors redeemed all the A funds they held, and the unit net value of A funds on that day was 1.5 yuan. If the redemption rate is 0.5%, please calculate the redemption amount of investors. (3 points)

Five, short answer questions (this big topic ***5 small questions, each small question 6 points, ***30 points)

33. Briefly describe the main content of purchasing power parity theory.

34. Briefly describe the differences between financial futures contracts and financial options contracts.

35. Briefly describe the meaning and composition of regulatory capital of commercial banks.

36. Briefly explain why deflation is called an economic recession accelerator.

37. Briefly describe the main links of monetary policy transmission.

Six, essay questions (this question 13 points)

38. Please describe the main channels and existing problems of China People's Bank in the past five years.

answer

First, multiple choice questions

1-5、CDDDC6- 10、ADBBB 1 1- 15、BDCBD 16-20、DBCBA

Second, multiple choices.

2 1-25; ABC、ABE、ACE、CD、CD

Third, the noun explanation

26. Triffin's Dilemma: It means that in order to meet the economic needs of all countries in the world, the supply of US dollars must keep growing, and the continuous growth of US dollar supply will make it difficult to maintain the convertibility of US dollars and gold.

27. Commercial credit is a kind of credit that is difficult for industrial and commercial enterprises to provide each other on credit or in advance. Credit sale and advance payment are two basic forms of commercial credit.

28. Convertible bonds refer to bonds with convertible clauses, which give bondholders the option to convert bonds into common shares of the company in a predetermined proportion within a certain period of time.

29. Repurchase agreement is a transaction in which the securities holder signs an agreement with the securities purchaser while selling a certain amount of securities, and both parties agree that the securities seller will repurchase all the sold securities at an agreed price at a certain date in the future.

30.M&A business is M&A business, which has become the most important business of investment banks except underwriting and brokerage business.

33. Textbook P 103

34 P 193

35 p. 236

36 P3 10

37 p332

38 p279

I don't know all the answers. I hope it helps you.