11. Which of the following is a determinant of asset demand? ______.
A. Expected return
B. Risk
C. Liquidity
D. All of the above
12. Which of the following items are reported as a current liability on the balance sheet? ____.
A. Short-term notes payable
B. Accrued payroll taxes
C. Estimated warranties
D. All of the above
13. Which of the following is not true of fiscal policy? ______.
A. Time lags occur with fiscal policy.
B. Automatic stabilizers help the economy.
C. "Crowding out" is not a problem of fiscal policy.
D. None of the above.
14. What distinguishes the mortgage markets from other capital markets? ______.
A. Securities in the mortgage markets are collateralized by real estate
B. The mortgage markets usually involve long-term funds
C. Borrowers in the mortgage markets include individuals and businesses
D. All of the above
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.
A. withdrawal
B. liquidation
C. acquisition
D. dissolution
16. When an investor is buying stock as an investment, the value of most direct concern is .
A. par value
B. liquidation value
C. market value
D. book value
17. Autonomous transactions are ______.
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market
B. transactions that are not undertaken in the pursuit of commercial profit
C. transactions undertaken for normal commercial motives
D. none of the above
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings .
A. increases...decreases...decreases
B. increases...increases...increases
C. decreases...increases...increases
D. decreases...decreases...decreases
19. A successful company's major source of cash should be ______.
A. operating activities
B. financing activities
C. investing activities
D. a combination of the above
20.The price index in 2002 was 160, and in 2003 the price index was 168. What was the inflation rate? ______.
A. 68%
B. 8%
C. 5%
D. indeterminable without knowing the base year
责任编辑：mman
