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質問 1：
If people expect the nominal interest rate will be higher in the near future, the aggregate demand will:
A. decrease or stay at the same level.
B. increase.
C. could increase, decrease or stay at the same level.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)
質問 2：
Which of the following statements is (are) valid regarding the interest rate risk for floating rate securities? The price of a floating-rate security will fluctuate because:
I). The longer the time to the next coupon reset date, the greater the potential price fluctuation.
II). The required margin that investors demand in the market changes.
III). A floating-rate security can have a cap.
A. I, II and III.
B. I and III.
C. I and II.
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 3：
Suppose you are considering purchasing a financial asset which promises to pay 10 annual payments of $1,000 with the rate of return quoted as 9% per annum. How much should you pay for the annuity if the first payment is made in one year's time?
A. $6417.66.
B. none of these.
C. $5759.02.
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 4：
A defined benefit pension plan is associated with:
A. A company committed to specific retiree benefit levels at retirement.
B. A company committed to no cash payments for pensions until the employee actually retires.
C. A company committed to specific levels of contributions to the pension plan of the employee.
正解：A
質問 5：
The following statements regarding the NPV rule and the rate of return rule are true except:
A. Accept a project if its rate of return> 0
B. Accept a project if its rate of return> opportunity cost of capital
C. Accept a project if its NPV > 0, and reject a project if its NPV 0.
正解：A
質問 6：
The ________ ratio is the most conservative liquidity ratio.
A. cash
B. quick
C. current
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 7：
Operating leverage is a measure of the
A. Sensitivity of net earnings to changes in operating earnings.
B. Sensitivity of fixed operating costs to changes in variable costs.
C. Sensitivity of earnings before interest and taxes to changes in the number of units produced and sold.
正解：C
If people expect the nominal interest rate will be higher in the near future, the aggregate demand will:
A. decrease or stay at the same level.
B. increase.
C. could increase, decrease or stay at the same level.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)
質問 2：
Which of the following statements is (are) valid regarding the interest rate risk for floating rate securities? The price of a floating-rate security will fluctuate because:
I). The longer the time to the next coupon reset date, the greater the potential price fluctuation.
II). The required margin that investors demand in the market changes.
III). A floating-rate security can have a cap.
A. I, II and III.
B. I and III.
C. I and II.
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 3：
Suppose you are considering purchasing a financial asset which promises to pay 10 annual payments of $1,000 with the rate of return quoted as 9% per annum. How much should you pay for the annuity if the first payment is made in one year's time?
A. $6417.66.
B. none of these.
C. $5759.02.
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 4：
A defined benefit pension plan is associated with:
A. A company committed to specific retiree benefit levels at retirement.
B. A company committed to no cash payments for pensions until the employee actually retires.
C. A company committed to specific levels of contributions to the pension plan of the employee.
正解：A
質問 5：
The following statements regarding the NPV rule and the rate of return rule are true except:
A. Accept a project if its rate of return> 0
B. Accept a project if its rate of return> opportunity cost of capital
C. Accept a project if its NPV > 0, and reject a project if its NPV 0.
正解：A
質問 6：
The ________ ratio is the most conservative liquidity ratio.
A. cash
B. quick
C. current
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 7：
Operating leverage is a measure of the
A. Sensitivity of net earnings to changes in operating earnings.
B. Sensitivity of fixed operating costs to changes in variable costs.
C. Sensitivity of earnings before interest and taxes to changes in the number of units produced and sold.
正解：C
Sakurai -
合格できました。
こちらの問題集から、9割以上出ました。大変助かりました。内容も濃く、問題や擬似問題集と回答などもあり、CFA-Level-I1冊で試験に対応できる良い本だと思います。