金融市场与金融机构练习六参考答案文档格式.docx
《金融市场与金融机构练习六参考答案文档格式.docx》由会员分享，可在线阅读，更多相关《金融市场与金融机构练习六参考答案文档格式.docx（20页珍藏版）》请在冰点文库上搜索。
D.offersfinancialassetswiththehighesthistoricalreturn.
C
（1分）3、Whichofthefollowingborrowerswouldpaythelowestinterestrateondebtsofequalmaturity?
A.TheNationalBankofAustralia
B.Telstra
C.TheCityofSydney
D.TheCommonwealthGovernment
D
（1分）4、Anexampleofanindirectformoffundingisa/an:
A.issueofdebentures.
B.issueofunsecurednotes.
C.termloan.
D.issueofshares.
（1分）5、Sellersoffinancialclaimspromisetopaybackborrowedfunds:
A.byborrowingextrafundsinthefuture.
B.basedontheirexpectationofhavingsurplusfundsinthefuture.
C.bysellingotherassets.
D.byreducingtheircostsrelativetotheirincomes.
B
（1分）6、Anissueofdebenturesisanexampleof:
A.asecondarymarkettransaction.
B.fundraisingthroughfinancialintermediaries.
C.adirectformoffunding.
D.anindirectformoffunding.
（1分）7、WhichofthefollowingisNOTapossibledisadvantageofdirectfinancing?
A.Matchingamountsoffundstobeborrowedwiththosetobelent
B.Assessmentoftheriskoftheborrower
C.Costofpreparinglegalcontracts,taxationandaccountingadvice
D.Costofthefinancialintermediaryinvolved
（1分）8、Whichofthefollowingstatementsaboutdepositsiscorrect?
A.Callaccountsrepresentafluctuatingsourceoffundsforbanks.
B.Termdepositsarefundslodgedwithabankforlongerthantwoweeks.
C.Ascurrentaccountsarehighlyliquid,theyformanunstablesourceoffundsforabank.
D.Achequeaccountmaypayinterest.
（1分）9、TheAustralianinstitutionAPRAisresponsiblefortheregulatorysupervisionoffinancialinstitutionssuchasbanksandcreditunions.APRAstandsfor:
A.AustralianPracticeandRegulatoryAssociation.
B.AustralianPrudentialRegulationAuthority.
C.AustralianPrudentialRuleAuthority.
D.AustralianPracticeandRegulatoryAuthority.
（1分）10、Whichofthefollowingstatementsaboutrecentlyadoptedguidelinescoveringcapitalrequirementsformarketriskthatbanksarerequiredtoperformisfalse?
A.BanksuseariskmeasurementmodelbasedonaVaRapproach.
B.Banksestimatethesensitivityofportfoliocomponentstosmallchangesinprices.
C.Banksmustholdcapitalagainstriskoflossfromchangesininterestrates.
D.Banksholdafixedallocationoffundsbetweenvariousbalancesheetassetsandoff-balance-sheetbusiness.
（1分）11、Inrelationtoabank,liquiditymanagementmeans:
A.thebank'
sabilitytoquicklyconvertdepositsintoloans.
B.thebank'
sabilitytoonsellitsloans.
C.thebank'
sabilitytohavefundsavailablewhendepositors'
fundsmature.
D.thebank'
spoliciesandpracticesinidentifyingandmanagingitsloansportfolios.
（1分）12、Accordingtothetextbook,theBaselIIapproachtocapitaladequacyforbanksinvolves____mainelements.
A.three
B.four
C.five
D.six
（1分）13、Partofabank'
sliquiditymanagementistoholdaportfolioof:
A.termloans.
B.mortgages.
C.Commonwealthgovernmentsecurities.
D.creditcardloans.
（1分）14、Whichofthefollowingstatementsaboutregulatorycapitalisfalse?
A.Tier1capitalincludespaid-upordinaryshares,retainedearnings,non-cumulativeirredeemablepreferencesharesandgeneralreserves.
B.Tier2capitalincludesgeneralprovisionfordoubtfuldebts,revaluationreservesofpremises,mandatoryconvertiblenotesandapprovedperpetualsubordinateddebt.
C.Tier1capitaliscorecapital,includingpaid-upordinaryshares,non-cumulativeirredeemablepreferencesharesandgeneralreserves.
D.Tier2capitalincludesgeneralreservesfordoubtfuldebts,assetrevaluationreservesofpremises,otherpreferenceshares,mandatoryconvertiblenotes,cumulativeredeemablepreferencesharesandperpetualsubordinateddebt.
（1分）15、Theformoffinancingforlargetouristresorts,propertydevelopments,heavyindustryandprocessingplantdevelopmentsiscalled:
A.eurofinance.
B.conglomeratefinance.
C.projectfinance.
D.leasefinance.
（1分）16、The________isthecompanyinamergertransactionthattriestomergewithoracquireanothercompany.
A.targetcompany
B.takeovercompany
C.conglomeratecompany
D.hostilecompany
（1分）17、Themaindifferencebetweenprojectfinanceandotherformsoflendingis:
A.lendersbasetheirparticipationonexpectedfuturecashflowsandassetsoftheproject.
B.lenderstakeamajorequitystakeintheproject.
C.theprojectcompany,whichissetupasaseparatelegalentity,reliesheavilyonventurecapitalistsforequityfunding.
D.thelendershaveaclaimontheassetsoftheprojectaswellasthesponsors.
（1分）18、Ifanindividualretiresearlybutwantstoretaintheirsuperannuationentitlementsinafavourabletaxationenvironment,theycanholdtheireligiblesuperannuationfundsina:
A.single-premiumscheme.
B.growingannuityscheme.
C.rolloverscheme.
D.terminationscheme.
（1分）19、Apubliclylistedcorporation:
A.hasitsshareslistedonaformalexchange.
B.isalegalentity（aspartoftheCorporationslawofanation-state）.
C.hastocomplywiththerulesoftheexchangewhereitislisted.
D.isallofthegivenchoices.
（1分）20、WhichofthefollowingisNOTafeatureofashare?
A.Partownershipinthecompany
B.Therighttovoteinthecontrolofthecompany
C.Readilytransferable
D.Therighttoperiodicpayments
（1分）21、A_______representsafinancialclaimtothecashflowofabusinessafterallotherclaimshavebeendeducted.
A.bond
B.debenture
C.share
D.preferenceshare
（1分）22、Therulesthatapplytolistedcompaniesaboutpromptlyadvisingastockexchangeofanymaterialchangesrelatingtothecorporationarecalled:
A.informationaldisclosure.
B.continuousdisclosure.
C.transactiondisclosure.
D.relatedpartiesdisclosure.
（1分）23、ThemajorsupervisorsoftheAustraliansharemarketare:
A.RBAandASX.
B.ASICandASX.
C.APRAandASX.
D.EFICandASIC.
（1分）24、Whentheownersofacompanyhirefull-timeexecutivestoberesponsiblefortheday-to-daydecisions,this_____the_____problem.
A.lessens,shareholder-lender
B.lessens,managers-shareholders
C.bringson,managers-shareholders
D.bringson,shareholder-lender
（1分）25、Acompany'
sbusinessriskdependson:
A.itsuseofdebtinfinancingthebusiness.
B.theriskofthecompany'
soperationsandassets.
C.howmuchdebtacompanyhasused.
D.theamountofshareholderequityinthecompany.
（1分）26、Acompanymayraiseadditionalequitycapitalthrough:
A.arightsissue.
B.aplacement.
C.adividendreinvestmentscheme.
D.allofthegivenanswers.
（1分）27、Acompanyislikelytoissue_____ifithasreacheditsoptimalgearinglevel.
A.options
B.rights
C.ordinaryshares
D.preferenceshares
（1分）28、WhichofthefollowingaboutequitywarrantsisNOTcorrect?
A.Addingequitywarrantstoabondissueincreasesitsmarketability.
B.Warrantsaresimilartoconversionfeaturesonsomebonds.
C.Warrantscanbedetachedfromthebondissueandsoldseparately.
D.Dividendsforwarrantsareusuallylowerthanforordinaryshares.
（1分）29、WhichofthefollowingisNOTaroleofanunderwriterinapublicofferingofshares?
A.Toprovidepricingoftheissue
B.Toprovideadviceonthestructureoftheissue
C.Toinvestthefundsraisedintheoffering
D.Toprovideguidanceonthetimingoftheissue
（1分）30、Comparedwithapro-rataissueofshares,placementsusually:
A.takealongertimetoorganise.
B.canbecarriedoutmuchmorequickly.
C.involveafargreaterdiscounttothecurrentmarketprice.
D.involvenomorethan50participants.
（1分）31、_______arepromisedafixedperiodicdividend,thepaymentofwhichmustbepaidbeforethatofordinaryshares.
A.Commonshareholders
B.Preferredshareholders
C.Stakeholders
D.Creditors
（1分）32、Whichofthefollowingcriteriawouldbedeterminantsoftheappropriateratioofdebttoequityifacompanyshouldnottakeonmoredebtthancanbeservicedunderconservativeeconomicforecasts?
i.Maximisationofshareholderwealth
ii.Industrynorms
iii.Historyoftheratioforthefirm
iv.Thestageofthecurrenteconomiccycle
v.Limitimposedbylenders
vi.Thecompany'
scapacitytoservicedebt
A.i,iii,v,vi
B.ii,iii,v,vi
C.ii,iii,iv,v
D.iii,iv,v,vi
（1分）33、Foracompany,aruleofthumbfortheinterestcoverfinancialratioisintherange:
A.0to1.
B.1to2.
C.2to3.
D.3to4.
（1分）34、Theinvestmentapproachthatevaluatesandinterpretspastsharepricemovementsis:
A.creditanalysis.
B.technicalanalysis.
C.fundamentalanalysis.
D.systematicanalysis.
（1分）35、Inrelationtotechnicalanalysis,whatisthelevelabovewhichthemarketfindsitdifficulttorise?
A.Trendchannel
B.Resistancelevel
C.Supportlevel
D.Noneofthegivenanswersarecorrect
（1分）36、Aninvestorseekstocomparethefinancialcharacteristicsoffourcompaniesthatareinvestmentpossibilities.Basedsolelyonthedataprovidedinthefollowingratios,whichcompanywouldprovidethelowestinvestmentrisk?
Ratio
CompanyA
CompanyB
CompanyC
CompanyD
Current
1.80
1.55
1.85
1.10
Proprietorship
65.00%
45.75%
71.00%
31.50%
EBIT/long-termfunds
18.50%
14.60%
17.00%
15
升级会员 