单选题Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______.

单选题For a natural monopoly, the optimal policy for a regulator to set is a price such that: ()

单选题In sequencing of interest rate liberalization ______.

单选题The balance of payments is a statistical record of all the economic transaction between residents of the reporting country and residents of the rest of the world during a given time period. The usual reporting period for all the statistics included in the accounts is a year. A good or bad set of figures can have an influential effect on the exchange rate and can lead policy makers to change the content of their economic policies. Deficits may lead to the government raising interest rate or reducing public expenditure to reduce expenditure on imports. Alternatively, deficits may lead to calls for protection against foreign imports or capital controls to defend the exchange rate. A key definition that needs to be resolved at the outset is that of a domestic and foreign resident. It is important to note that citizenship and residency are not necessarily the same thing from the viewpoint of the balance of payments statistics. The term residents comprises individuals, households, firms and the public authorities. There are some problems that arise with respect to the definition of a resident. Multinational corporations are by definition resident in more than one country. For the purposes of balance - of - payments reporting the subsidiaries of a multinational are treated as being a resident in the country in which they are located even if their shares are actually owned by domestic residents. Another problem concerns the treatment of international organizations such as the International Monetary Fund, the World Bank, United Nations and so forth. These institutions are treated as being foreign residents even though they may actually be located in the reporting country. For example although the International Monetary Fund is located in Washington, contributions by the US government to the Fund are included in the US balance -of-payments statistics because they are regarded as transactions with a foreign resident. Tourists are regarded as being foreign residents if they stay in the reporting country for less than a year. The criterion for a transaction to be included in the balance of payments is that it must involve a transaction between a resident of the reporting country and a resident from the rest of the world. Purchases and sales between residents from the same country are excluded.

单选题Common stock is less risky than a preferred stock because of its fixed dividend.

单选题Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets are called ______. A. long-term trust B. long-term liabilities C. current liabilities D. current investment

单选题{{B}}Passage Three{{/B}} Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans. It serves the needs of industry and commerce, government and local authorities. Private sector firms borrow their working capital (current assets minus current liabilities) from the money market, which used to be mainly via commercial banks; the role of banks as middlemen has now diminished, even for the working capital requirements. Private sector firms raise their fixed capital by the issue of shares or commercial paper bonds. Government and local authorities borrow medium and long-term capital by issuing gilt-edged stocks and bonds. The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London.

单选题This is because major unions have long - run contracts calling for annual wage increases no 1 what economic conditions are at the time. The tendency of large corporations to rely on nonprice competition and to reduce output rather than cut prices "also keeps prices 2 Furthermore, if prices do decline drastically in a field, the government is likely to step in with programs to help take excess supplies 3 the market. There is little doubt that prices would decline in a severe and prolonged depression. However, government would take action to counter the resulting unemployment 4 the economy reaches such a level. 5 we no longer experience the downwind price pressure of a depression.

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单选题An important technical issue here is whether deeds to property have been properly ______ with local governmental authorities so that the bank knows for sure who' currently has title to the property.

单选题_____ may make wage demands based on the accounting information that shows their employer' s reported income.

单选题The headline of this passage would be ______ .

单选题{{B}}Passage Two{{/B}} There are five parties concerned with a collection, the customer, the remitting bank, the presenting bank and the drawee. The customer is the principal who entrusts the operation of collecting to his bank, which is the remitting bank. The collecting bank is any bank, other than the remitting bank, involved in processing the collection order, and the presenting bank is the collecting bank making presentation to the drawee--more than one collecting bank may be involved in collecting a bill and it is the bank that actually presents the bill to the drawee for acceptance/payment that is the presenting bank. The drawee is the person specified as the one to whom the financial document and/or commercial documents is to be presented. A collecting bank must be sent a collection order with the documents concerned, and this must give complete and concise instructions. It will in fact incorporate, all the instructions contained in the application form. Banks are only permitted to act upon instructions given in such an order and must advise the remitting bank immediate if they can not comply with the instructions contained in the order.

单选题We're paying for the furniture we bought in monthly ______.

单选题A profit and loss statement indicates the company's ______. A. assets and liabilities at a particular point in time B. revenues and expenses for a specific period of time C. financial resources at a particular point in time D. performance at a particular point in time

单选题Internet banking can save banks' resources of human power and capital.