投資學(xué)選擇題附有答案

投資學(xué)選擇題[復(fù)制]1.Thematerialwealthofasocietyisafunctionof[單選題]*A.

allfinancialassets.B.

allrealassets.(正確答案)C.

allfinancialandrealassets.D.

allphysicalassets.答案解析：一個社會的物質(zhì)財(cái)富是所有實(shí)際資產(chǎn)的函數(shù)2._______arerealassets.[單選題]*A.

LandB.

MachinesC.

StocksandbondsD.

KnowledgeE.

Land,machines,andknowledge(正確答案)答案解析：土地、機(jī)器和知識是實(shí)物資產(chǎn)（不動產(chǎn)）；股票和債券是金融資產(chǎn)3.Themeansbywhichindividualsholdtheirclaimsonrealassetsinawell-developedeconomyare[單選題]*A.

investmentassets.B.

depositoryassets.C.

derivativeassets.D.

financialassets.(正確答案)E.

exchange-drivenassets.答案解析：在經(jīng)濟(jì)發(fā)達(dá)的國家，個人持有實(shí)物資產(chǎn)債權(quán)的手段是金融資產(chǎn)

Financialassetsallocatethewealthoftheeconomy.Example:itiseasierforanindividualtoownsharesofanautocompanythantoownanautocompanydirectly.（金融資產(chǎn)分配經(jīng)濟(jì)財(cái)富。個人擁有汽車公司的股份比直接擁有汽車公司容易。）4._______arefinancialassets.[單選題]*A.

BondsB.

MachinesC.

StocksD.

Bondsandstocks(正確答案)E.

Bonds,machines,andstocks答案解析：股票和債券是金融資產(chǎn)5._________financialasset(s).[單選題]*A.

BuildingsareB.

LandisaC.

DerivativesareD.

U.S.agencybondsareE.

DerivativesandU.S.agencybondsare(正確答案)答案解析：衍生品和美國機(jī)構(gòu)債券是金融資產(chǎn)

建筑物和土地屬于實(shí)物資產(chǎn)（不動產(chǎn)）6.Financialassets（）[單選題]*A.

directlycontributetothecountry'sproductivecapacity.B.

indirectlycontributetothecountry'sproductivecapacity.(正確答案)C.

contributetothecountry'sproductivecapacitybothdirectlyandindirectly.D.

donotcontributetothecountry'sproductivecapacityeitherdirectlyorindirectly.E.

areofnovaluetoanyone.答案解析：金融資產(chǎn)間接提高了國家的生產(chǎn)能力

Financialassetsindirectlycontributetothecountry'sproductivecapacitybecausetheseassetspermitindividualstoinvestinfirmsandgovernments.Thisinturnallowsfirmsandgovermmentstoincreaseproductivecapacity.（金融資產(chǎn)間接地提高了國家的生產(chǎn)能力，因?yàn)檫@些資產(chǎn)允許個人投資于公司和政府。這反過來又允許企業(yè)和政府提高生產(chǎn)能力。）

7.In2012,____________wasthemostsignificantrealassetofU.S.householdsintermsoftotalvalue.[單選題]*A.

consumerdurablesB.

AutomobilesC.

realestate(正確答案)D.

mutualfundsharesE.

bankloans答案解析：2012年，就總價值而言，房地產(chǎn)是美國家庭最重要的實(shí)物資產(chǎn)（不動產(chǎn)）8.In2012,____________wastheleastsignificantfinancialassetofU.S.householdsintermsoftotalvalue.[單選題]*A.

realestateB.

mutualfundsharesC.

debtsecuritiesD.

lifeinsurancereserves(正確答案)E.

pensionreserves答案解析：2012年，就總價值而言，人壽保險(xiǎn)準(zhǔn)備金是美國家庭最不重要的金融資產(chǎn)。9.In2012,____________wasthemostsignificantfinancialassetofU.S.householdsintermsoftotalvalue.[單選題]*A.

realestateB.

mutualfundsharesC.

debtsecuritiesD.

lifeinsurancereservesE.

pensionreserves(正確答案)答案解析：2012年，按總價值計(jì)算，養(yǎng)老金儲備是美國家庭最重要的金融資產(chǎn)。10.In2012,____________wasthemostsignificantassetofU.S.householdsintermsoftotalvalue.[單選題]*A.realestate(正確答案)B.

mutualfundsharesC.

debtsecuritiesD.

lifeinsurancereservesE.

pensionreserves答案解析：2012年，就總價值而言，房地產(chǎn)是美國家庭最重要的資產(chǎn)。11.In2012,____________wasthemostsignificantliabilityofU.S.householdsintermsoftotalvalue.[單選題]*A.

creditcardsB.

mortgages(正確答案)C.

bankloansD.

studentloansE.

otherdebt答案解析：2012年，抵押貸款是美國家庭總價值中最重要的負(fù)債。12.WhichofthefollowingfinancialassetsmadeupthegreatestproportionofthefinancialassetsheldbyU.S.households?[單選題]*A.

Pensionreserves(正確答案)B.

LifeinsurancereservesC.

MutualfundsharesD.

DebtsecuritiesE.

Personaltrusts答案解析：養(yǎng)老金準(zhǔn)備金在美國家庭持有的金融資產(chǎn)中所占比例最大13.In2012_______oftheassetsofU.S.householdswerefinancialassetsasopposedtotangibleassets.[單選題]*A.

20.4%B.

34.2%C.

68.8%(正確答案)D.

71.7%E.

82.5%答案解析：2012年，68.8%的美國家庭資產(chǎn)是金融資產(chǎn)，而非有形資產(chǎn)（實(shí)物資產(chǎn)）。14.Thelargestcomponentofdomesticnetworthin2012was[單選題]*A.

nonresidentialrealestate.B.

residentialrealestate.(正確答案)C.

inventories.D.

consumerdurables.E.

equipmentandsoftware.答案解析：2012年，國內(nèi)資產(chǎn)凈值的最大組成部分是住宅房地產(chǎn)。15.Thesmallestcomponentofdomesticnetworthin2012was[單選題]*A.

nonresidentialrealestate.B.

residentialrealestate.C.

inventories.(正確答案)D.

consumerdurables.E.

equipmentandsoftware.答案解析：2012年，國內(nèi)資產(chǎn)凈值的最小組成部分是存貨。16.ThenationalnetworthoftheU.S.in2012was[單選題]*A.

$15.411trillion.B.

$26.431trillion.C.

$42.669trillion.D.

$48.616trillion.(正確答案)E.

$70.983trillion.答案解析：2012年美國的國家凈資產(chǎn)為4861.6萬億美元。17.Afixed-incomesecuritypays[單選題]*A.

afixedlevelofincomeforthelifeoftheowner.B.

afixedstreamofincomeorastreamofincomethatisdeterminedaccordingtoaspecifiedformulaforthelifeofthesecurity.(正確答案)C.

avariablelevelofincomeforownersonafixedincome.D.

afixedorvariableincomestreamattheoptionoftheowner.18.Adebtsecuritypays[單選題]*A.

afixedlevelofincomeforthelifeoftheowner.B.

avariablelevelofincomeforownersonafixedincome.C.

afixedorvariableincomestreamattheoptionoftheowner.D.

afixedstreamofincomeorastreamofincomethatisdeterminedaccordingtoaspecifiedformulaforthelifeofthesecurity.(正確答案)19.Moneymarketsecurities[單選題]*A.

areshortterm.B.

arehighlymarketable.C.

aregenerallyverylowrisk.D.

arehighlymarketableandaregenerallyverylowrisk.E.

Alloftheoptions(正確答案)答案解析：所有答案都是對的

貨幣市場證券是短期的。

貨幣市場證券的市場化程度很高。

貨幣市場證券的風(fēng)險(xiǎn)通常很低。

貨幣市場證券的市場化程度很高，通常風(fēng)險(xiǎn)很低。20.Anexampleofaderivativesecurityis[單選題]*A.

acommonshareofMicrosoft.B.

acalloptiononIntelstock.C.

acommodityfuturescontract.D.

acalloptiononIntelstockandacommodityfuturescontract.(正確答案)E.

acommonshareofMicrosoftandacalloptiononIntelstock.答案解析：衍生證券的一個例子是英特爾股票的看漲期權(quán)和商品期貨合約。

ThevaluesofacalloptiononIntelstockandacommodityfuturescontractarederivedfromthatofanunderlyingasset;thevalueofacommonshareofMicrosoftisbasedonthevalueofthefirmonly.（英特爾股票看漲期權(quán)和商品期貨合約的價值源自標(biāo)的資產(chǎn)的價值；微軟普通股的價值僅基于公司的價值。）21.Thevalueofaderivativesecurity[單選題]*A.

dependsonthevalueoftherelatedsecurity.(正確答案)B.

isunabletobecalculated.C.

isunrelatedtothevalueoftherelatedsecurity.D.

hasbeenenhancedduetotherecentmisuseandnegativepublicityregardingtheseinstruments.E.

isworthlesstoday.答案解析：衍生證券的價值取決于相關(guān)證券的價值.

Ofthefactorscitedabove,onlythevalueoftherelatedsecurityaffectsthevalueofthederivativeand/orisatruestatement.（在上述因素中，只有相關(guān)證券的價值影響衍生工具的價值和/或是真實(shí)陳述。）22.Althoughderivativescanbeusedasspeculativeinstruments,businessesmostoftenusethemto[單選題]*A.

attractcustomers.B.

appeasestockholders.C.

offsetdebt.D.

hedgerisks.(正確答案)E.

enhancetheirbalancesheets.答案解析：盡管衍生品可以用作投機(jī)工具，但企業(yè)通常使用它們來對沖風(fēng)險(xiǎn)。

Firmsmayuseforwardcontractsandfuturestoprotectagainstcurrencyfluctuationsorchangesincommodityprices.Interest-rateoptionshelpcompaniescontrolfinancingcosts.（企業(yè)可以使用遠(yuǎn)期合同和期貨來保護(hù)商品價格的波動或變化。利率期權(quán)有助于公司控制融資成本。）23.Financialassetspermitallofthefollowingexcept[單選題]*A.

consumptiontiming.B.

allocationofrisk.C.

separationofownershipandcontrol.D.

eliminationofrisk.(正確答案)答案解析：金融資產(chǎn)允許除消除風(fēng)險(xiǎn)外的所有下列情況

Financialassetsdonotallowrisktobeeliminated.However,theydopermitallocationofrisk,consumptiontiming,andseparationofownershipandcontrol.（金融資產(chǎn)不允許消除風(fēng)險(xiǎn)。然而，它們確實(shí)允許風(fēng)險(xiǎn)分配、消費(fèi)時機(jī)以及所有權(quán)和控制權(quán)的分離。）24.The____________referstothepotentialconflictbetweenmanagementandshareholders.[單選題]*A.

agencyproblem(正確答案)B.

diversificationproblemC.

liquidityproblemD.

solvencyproblemE.

regulatoryproblem答案解析：代理問題是指管理層和股東之間的潛在沖突。

Theagencyproblemdescribespotentialconfictbetweenmanagementandshareholders.Theotherproblemsarethoseoffirmmanagementonly.（代理問題描述了管理層和股東之間的潛在沖突。其他的問題只是公司管理的問題。）25.Adisadvantageofusingstockoptionstocompensatemanagersisthat[單選題]*A.

itencouragesmanagerstoundertakeprojectsthatwillincreasestockprice.B.

itencouragesmanagerstoengageinempirebuilding.C.

itcancreateanincentiveformanagerstomanipulateinformationtopropupastockpricetemporarily,givingthemachancetocashoutbeforethepricereturnstoalevelreflectiveofthefirm'strueprospects.(正確答案)D.

Alloftheoptions答案解析：使用股票期權(quán)來補(bǔ)償經(jīng)理人的一個缺點(diǎn)是，它可以激勵經(jīng)理人操縱信息來暫時支撐股價，使他們有機(jī)會在股價回到反映公司真實(shí)前景的水平之前套現(xiàn)。

Encouragingmanagerstoundertakeprojectsthatwillincreasestockpriceisadesiredcharacteristic.Encouragingmanagerstoengageinempirebuildingisnotnecessarilyagoodorbadthinginandofitself.Creatinganincentiveformanagerstomanipulateinformationtopropupastockpricetemporarilycreatesanagencyproblem.（鼓勵管理者從事會提高股票價格的項(xiàng)目是一個理想的特征。鼓勵經(jīng)理人參與帝國建設(shè)本身并不一定是好事或壞事。激勵管理者操縱信息以暫時支撐股價會產(chǎn)生代理問題。）26.Whichofthefollowingaremechanismsthathaveevolvedtomitigatepotentialagencyproblems?

I）Usingthefirm'sstockoptionsforcompensation.

II）Hiringbickeringfamilymembersascorporatespies.

III)Boardsofdirectorsforcingoutunderperformingmanagement.

IV)Securityanalystsmonitoringthefirmclosely.

V)Takeoverthreats.[單選題]*A.

IIandVB.

I,III,andIVC.

I,III,IV,andV(正確答案)D.III,IV,andVE.

I,III,andV答案解析：以下哪種機(jī)制是為了緩解潛在的機(jī)構(gòu)問題而發(fā)展起來的？

一）用公司的股票期權(quán)來獲得報(bào)酬。

二）雇傭爭吵的家庭成員作為公司間諜。

三）董事會迫使表現(xiàn)不佳的管理層離職。

四）安全分析師密切關(guān)注該公司。

五）接管威脅。

Alltheoptionsexcepthiringbickeringfamilymembersascorporatespieshavebeenusedtotrytolimitagencyproblems.（除了雇傭爭吵的家庭成員作為公司間諜，所有的選擇都被用來限制代理問題。）

27.Corporateshareholdersarebestprotectedfromincompetentmanagementdecisionsby[單選題]*A.

theabilitytoengageinproxyfights.B.

management'scontrolofpecuniaryrewards.C.

theabilitytocallshareholdermeetings.D.

thethreatoftakeoverbyotherfirms.(正確答案)E.

one-share/one-voteelectionrules.答案解析：Proxyfightsareexpensiveandseldomsuccessful,andmanagementmayoftencontroltheboardorownsignificantshares.Itisthethreatoftakeoverofunderperformingfirmsthathasthestrongestabilitytokeepmanagementontheirtoes.（代理權(quán)之爭代價高昂，而且很少成功，管理層可能經(jīng)常控制董事會或持有大量股份。正是收購表現(xiàn)不佳公司的威脅，讓管理層保持警覺的能力最強(qiáng)。）28.Theoretically,takeoversshouldresultin[單選題]*A.

improvedmanagement.B.

increasedstockprice.C.

increasedbenefitstoexistingmanagementoftaken-overfirm.D.

improvedmanagementandincreasedstockprice.(正確答案)E.

Alloftheoptions答案解析：從理論上講，收購應(yīng)該會改善管理，提高股價。

Theoretically,whenfirmsaretakenover,bettermanagerscomeinandthusincreasethepriceofthestock;existingmanagementoftenmusteitherleavethefirm,bedemoted,orsufferalossofexistingbenefits.（理論上，當(dāng)公司被接管時，更好的管理者會進(jìn)來，從而提高股票價格；現(xiàn)有的管理人員往往要么離開公司，要么降級，要么損失現(xiàn)有的利益。）29.Duringtheperiodbetween2000and2002,alargenumberofscandalswereuncovered.Mostofthesescandalswererelatedto

I)manipulationoffinancialdatatomisrepresenttheactualconditionofthefirm.

II)misleadingandoverlyoptimisticresearchreportsproducedbyanalysts.

III)allocatingIPOstoexecutivesasaquidproquoforpersonalfavors.

IV)greenmail.[單選題]*A.

II,III,andIVB.

I,II,andIVC.

IIandIVD.

I,III,andIVE.

I,II,andIII(正確答案)答案解析：在2000年至2002年期間，揭露了大量丑聞。這些丑聞大多與

一）操縱財(cái)務(wù)數(shù)據(jù)以歪曲公司的實(shí)際情況。

二）分析員的誤導(dǎo)性和過分樂觀的研究報(bào)告。

三）將ipo分配給高管，作為個人利益的交換。

四）綠色郵件。30.TheSarbanes-OxleyAct[單選題]*A.

requirescorporationstohavemoreindependentdirectors.B.

requiresthefirm'sCFOtopersonallyvouchforthefirm'saccountingstatements.C.

prohibitsauditingfirmsfromprovidingotherservicestoclients.D.

requirescorporationstohavemoreindependentdirectorsandrequiresthefirm'sCFOtopersonallyvouchforthefirm'saccountingstatements.E.

Alloftheoptions(正確答案)答案解析：以上所有選項(xiàng)都選

薩班斯-奧克斯利法案要求公司擁有更多的獨(dú)立董事。

薩班斯-奧克斯利法案要求公司的首席財(cái)務(wù)官親自為公司的會計(jì)報(bào)表提供擔(dān)保。

薩班斯-奧克斯利法案禁止審計(jì)公司向客戶提供其他服務(wù)。

薩班斯-奧克斯利法案要求公司擁有更多的獨(dú)立董事，并要求公司的首席財(cái)務(wù)官親自為公司的會計(jì)報(bào)表提供擔(dān)保。31.Assetallocationrefersto[單選題]*A.

choosingwhichsecuritiestoholdbasedontheirvaluation.B.

investingonlyin"safe"securities.C.

theallocationofassetsintobroadassetclasses.(正確答案)D.

bottom-upanalysis.答案解析：資產(chǎn)配置是指將資產(chǎn)分配到廣泛的資產(chǎn)類別中。32.Securityselectionrefersto[單選題]*A.

choosingwhichsecuritiestoholdbasedontheirvaluation.(正確答案)B.

investingonlyin"safe"securities.C.

theallocationofassetsintobroadassetclasses.D.

top-downanalysis.答案解析：證券選擇是指根據(jù)證券的價值來選擇持有哪些證券。33.Whichofthefollowingportfolioconstructionmethodsstartswithsecurityanalysis?[單選題]*A.

Top-downB.

Bottom-up(正確答案)C.

Middle-outD.

BuyandholdE.

Assetallocation答案解析：以下哪種投資組合構(gòu)建方法是從安全性分析開始的？

Bottom-up（自下而上）

Bottom-upreferstousingsecurityanalysistofindsecuritiesthatareattractivelypriced.Top-downreferstousingassetallocationasastartingpoint.（自下而上是指利用證券分析來發(fā)現(xiàn)價格有吸引力的證券。自上而下是指以資產(chǎn)配置為起點(diǎn)。）34.Whichofthefollowingportfolioconstructionmethodsstartswithassetallocation?[單選題]*A.

Top-down(正確答案)B.

Bottom-upC.

Middle-outD.

BuyandholdE.

Assetallocation答案解析：以下哪種投資組合構(gòu)建方法是從資產(chǎn)配置開始的？35._______areexamplesoffinancialintermediaries.[單選題]*A.

CommercialbanksB.

InsurancecompaniesC.

InvestmentcompaniesD.

CreditunionsE.

Alloftheoptions(正確答案)答案解析：以上所有選項(xiàng)都對

商業(yè)銀行就是金融中介的例子。

保險(xiǎn)公司就是金融中介的例子。

投資公司是金融中介的例子。

信用合作社就是金融中介的例子。36.Financialintermediariesexistbecausesmallinvestorscannotefficiently[單選題]*A.

diversifytheirportfolios.B.

assesscreditriskofborrowers.C.

advertiseforneededinvestments.D.

diversifytheirportfoliosandassesscreditriskofborrowers.E.

Alloftheoptions(正確答案)答案解析：以上所有選項(xiàng)都對

金融中介機(jī)構(gòu)的存在是因?yàn)樾⊥顿Y者無法有效地分散他們的投資組合。

金融中介的存在是因?yàn)樾⊥顿Y者無法有效評估借款人的信用風(fēng)險(xiǎn)。

金融中介的存在是因?yàn)樾⊥顿Y者不能有效地為所需的投資做廣告。

金融中介的存在是因?yàn)樾⊥顿Y者無法有效地分散投資組合和評估借款人的信用風(fēng)險(xiǎn)。37.________specializeinhelpingcompaniesraisecapitalbysellingsecurities.[單選題]*A.

CommercialbankersB.

Investmentbankers(正確答案)C.

InvestmentissuersD.

Creditraters答案解析：投資銀行家專門幫助公司通過出售證券籌集資金。

Animportantroleofinvestmentbankingistoactasmiddlemeninhelpingfirmsplacenewissuesinthemarket.（投資銀行業(yè)的一個重要角色是充當(dāng)中間人，幫助公司在市場上發(fā)行新股。）38.Commercialbanksdifferfromotherbusinessesinthatboththeirassetsandtheirliabilitiesaremostly[單選題]*A.

illiquid.B.

financial.(正確答案)C.

real.D.

ownedbythegovernment.E.

regulated.答案解析：商業(yè)銀行與其他業(yè)務(wù)的不同之處在于，它們的資產(chǎn)和負(fù)債大多是金融資產(chǎn)。39.In2012,____________was(were)themostsignificantfinancialasset(s)ofU.S.commercialbanksintermsoftotalvalue.[單選題]*A.

loansandleases(正確答案)B.

cashC.

realestateD.

depositsE.

investmentsecurities答案解析：2012年，就總價值而言，貸款和租賃是美國商業(yè)銀行最重要的金融資產(chǎn)。40.In2012,____________was(were)themostsignificantliability(ies)ofU.S.commercialbanksintermsoftotalvalue.[單選題]*A.

loansandleasesB.

cashC.

realestateD.

deposits(正確答案)E.

investmentsecurities答案解析：2012年，就總價值而言，存款是美國商業(yè)銀行最重要的負(fù)債。41.In2012,____________was(were)themostsignificantrealasset(s)ofU.S.nonfinancialbusinessesintermsoftotalvalue.[單選題]*A.

equipmentandsoftwareB.

inventoryC.

realestate(正確答案)D.

tradecreditE.

marketablesecurities答案解析：2012年，就總價值而言，房地產(chǎn)是美國非金融企業(yè)最重要的實(shí)際資產(chǎn)（不動產(chǎn)）42.In2012,____________was(were)theleastsignificantrealasset(s)ofU.S.nonfinancialbusinessesintermsoftotalvalue.[單選題]*A.

equipmentandsoftwareB.

inventory(正確答案)C.

realestateD.

tradecreditE.

marketablesecurities答案解析：2012年，庫存是美國非金融業(yè)務(wù)總價值中最不重要的實(shí)際資產(chǎn)（不動產(chǎn)）。43.In2012,____________was(were)theleastsignificantliability(ies)ofU.S.nonfinancialbusinessesintermsoftotalvalue.[單選題]*A.

bondsandmortgagesB.

bankloans(正確答案)C.

inventoriesD.

tradedebtE.

marketablesecurities答案解析：2012年，就總價值而言，銀行貸款是美國非金融企業(yè)最不重要的負(fù)債。44.Intermsoftotalvalue,themostsignificantliability(ies)ofU.S.nonfinancialbusinessesin2012was(were)（）[單選題]*A.

bankloans.B.

bondsandmortgages.(正確答案)C.

tradedebt.D.

otherloans.E.

marketablesecurities.答案解析：就總價值而言，2012年美國非金融企業(yè)最重要的負(fù)債是債券和抵押貸款。45.In2012,____________was(were)theleastsignificantfinancialasset(s)ofU.S.nonfinancialbusinessesintermsoftotalvalue.[單選題]*A.

cashanddepositsB.

tradecreditC.

tradedebtD.

inventoryE.

marketablesecurities(正確答案)答案解析：2012年，有價證券是美國非金融企業(yè)中總價值最低的金融資產(chǎn)。46.Newissuesofsecuritiesaresoldinthe________market(s).[單選題]*A.

primary(正確答案)B.

secondaryC.

over-the-counterD.

primaryandsecondary答案解析：新發(fā)行的證券在一級市場出售。47.Investorstradepreviouslyissuedsecuritiesinthe________market(s).[單選題]*A.

primaryB.

secondary(正確答案)C.

primaryandsecondaryD.

derivatives答案解析：投資者交易先前發(fā)行的證券在二級市場。48.Investmentbankersperformwhichofthefollowingrole(s)?[單選題]*A.

MarketnewstockandbondissuesforfirmsB.

Provideadvicetothefirmsastomarketconditions,price,etc.C.

DesignsecuritieswithdesirablepropertiesD.

Alloftheoptions(正確答案)E.

Noneoftheoptions答案解析：所有選項(xiàng)對，Investmentbankersperformalloftherolesdescribedabovefortheirclients.（投資銀行家為客戶履行上述所有職責(zé)。）

投資銀行家扮演以下哪一個角色？

A.為公司發(fā)行新股和債券

B.就市場情況、價格等向公司提供建議。

C.設(shè)計(jì)具有理想特性的證券

D.所有選項(xiàng)

E.沒有選擇49.Until1999,the________Act(s)prohibitedbanksintheUnitedStatesfrombothacceptingdepositsandunderwritingsecurities.[單選題]*A.

Sarbanes-OxleyB.

Glass-Steagall(正確答案)C.

SECD.

Sarbanes-OxleyandSECE.

Noneoftheoptions答案解析：直到1999年，格拉斯-斯蒂格爾法案禁止美國的銀行接受存款和承銷證券。50.ThespreadbetweentheLIBORandtheTreasury-billrateiscalledthe[單選題]*A.

termspread.B.

T-billspread.C.

LIBORspread.D.

TEDspread.(正確答案)答案解析：倫敦銀行同業(yè)拆借利率和國庫券利率之間的利差稱為泰德利差。51.Mortgage-backedsecuritieswerecreat