单选题A local laundry and dry cleaner collects the following data on its workforce productivity
单选题Which of the following is most likely to occur in the short run if
there is an unanticipated decrease in aggregate demand due to a reduction in
business and consumer optimism?
A. An increase in the rate of unemployment.
B. An increase in real GDP.
C. A higher rate of inflation.
单选题A random variable that has a countable number of possible values is called a:
单选题Which one of the following alternatives represents the correct series of payments made by a typical 6 percent U. S. Treasury note with a par value of $100000 issued today with five years to maturity ?
Number and size of each intermediate payment Payment made at maturity
①A. 9 semiannual payments of $3000 $100000
②B. 4 annual payments of $6000 $106000
③C. 9 semiannual payments of $3000 $103000
A. ①B. ②C. ③
单选题Thomas Edison, CFA, is an investment consultant in the London office of Dalton Securities and forecasts next year's performance of securities market. According to Chebyshev's inequality, the minimum proportion of observations falling within ±3 standard deviations of the mean is closest to: A. 50% B. 89% C. 94%
单选题Which of the following most accurately describes why firms under monopolistic competition face elastic demand for their products? A. High barriers to entry. B. The availability of many complementary goods. C. The availability of many close substitutes.
单选题An investor in a high tax bracket would typically:
单选题Ariel Andres, CFA, is contemplating the purchase of a shopping mall. The average annual after tax cash flow for the next ten years is expected to be $30000. The property cost $750000. Andres will put down 25 percent and borrow the rest. In ten years, the property will be sold netting $350000 after taxes. What is the approximate yield on the shopping mail?
单选题For an economy operating at full employment, if actual inflation is less than expected inflation, what will most likely be the effects on the unemployment rate in the short run and in the long run?
Short run Long run
①A. Increase Increase
②B. Decrease No effect
③C. Increase No effect
A. ①B. ②C. ③
单选题Different type of capital markets have different functions. Which of the following describes the most direct function of（ ）
单选题An analyst does research about the capital asset pricing model and gathers the following information about a security and the market portfolio: Beta of the security 1.25 Market portfolio premium 8% Risk-free rate 3% Based on the CAPM, the security's expected return is closest to: A. 9.25% B. 11.00% C. 13.00%
单选题Rajiv Moulin, an economist at the Central Bank of New Delhi , was
asked to calculate a consumer price index (CPI). He was provided the data
below for a basket of goods for a recent one-year period:
Category
Quantity
Price in base period
Current price
Pizza
300
2.00
2.50
Milk
150
3.00
3.50
Bread
500
2.25
3.00
S0da
200
2.00
3.00 What is the
CPI in the current period if the base period CPI is 100?
A. 131.
B. 106.
C. 252.
单选题As the demand (marginal benefit) curve becomes less elastic, if the
equilibrium price and quantity remain unchanged, consumer surplus:
A. decreases.
B. increases.
C. remains unchanged.
单选题The developer of a new software received $30000 advance from the software firm. $8000 of income taxes were paid on the advance when received. The software will not be finished until next year. Determine the tax basis of the advance at the end of this year.
单选题An analyst meets with a new client. During the meeting, the analyst sees that the new client's portfolio is heavily invested in one over-the-counter stock. The analyst has been following the stock and thinks it will perform well in the long run. The analyst arranges through a brokerage firm to simultaneously sell a large number of shares of the stock via a series of cross trades from the new client's portfolio to various existing clients. He arranges the trades to be executed at a price that approximates the current market price. This action is: A. not in violation of the Standards. B. a violation of Standard Ⅲ (A), Loyalty, Prudence, and Care. C. a violation of Standard Ⅲ (B), Fair Dealing.
单选题The short in a forward rate agreement（ ）
单选题A firm is considering a $5000 project that will generate an annual cash flow of $1000 for the next 8 years. The firm has the following financial data: Debt/equity ratio is 50 percent. Cost of equity capital is 15 percent. Cost of new debt is 9 percent. Tax rate is 33 percent. The project's net present value (NPV) is: A. + $33, so accept the project. B. - $4968, so don't accept the project. C. - $33, so don't accept the project.
单选题Financial derivatives contribute to market completeness by allowing traders to do all of the following EXCEPT :
单选题In generating an estimate of a population parameter, a larger sample size is most likely to improve the estimators:
单选题Which of the following statements regarding forward contracts is TRUE? A. The buyer of a forward contract has agreed to deliver the underlying asset at a specific price and date in the future whereas the seller has agreed to accept delivery of the underlying at the same agreed upon price and date. B. When prices increase, the buyer of a forward contract gains and the seller of a forward contract loses. C. The buyer of a forward contract gains when prices decrease, and the seller of a forward contract loses when prices increase.