2025年金融考研真题英语及答案.docVIP

2025年金融考研真题英语及答案

一、单项选择题（每题2分，共10题）

1.Thefinancialmarketismostefficientwhenit:

A.Allowsonlylargeinstitutionstotrade

B.Haslowtransactioncosts

C.Isheavilyregulatedbythegovernment

D.Operatesinavacuumwithoutexternalinfluences

答案：B

2.Whichofthefollowingisacharacteristicofaprimarymarket?

A.Itdealswithsecondarysecurities

B.Itiswherecompaniesissuenewstocks

C.Itinvolvesthetradingofexistingbonds

D.Itisprimarilyforinstitutionalinvestors

答案：B

3.Theprocessofconvertingassetsintocashquicklywithoutsignificantlossofvalueisknownas:

A.Liquidity

B.Leverage

C.Diversification

D.Hedging

答案：A

4.Afinancialinstrumentthatprovidestheholderwiththerighttobuyorsellanassetatapredeterminedpriceiscalled:

A.Afuturescontract

B.Anoptionscontract

C.Aforwardcontract

D.Aswapagreement

答案：B

5.Thetermfloatationcostsrefersto:

A.Thecostsassociatedwiththeissuanceofnewsecurities

B.Thecostsofmaintainingaportfolio

C.Thecostsoftradingsecurities

D.Thecostsoffinancialanalysis

答案：A

6.Theriskthataninvestmentsreturnswillbeaffectedbychangesininterestratesisknownas:

A.Creditrisk

B.Marketrisk

C.Liquidityrisk

D.Inflationrisk

答案：B

7.Aportfoliothatcombinesstocksandbondstobalanceriskandreturnisknownas:

A.Agrowthportfolio

B.Abalancedportfolio

C.Avalueportfolio

D.Adividendportfolio

答案：B

8.Theprinciplethattwoassetswithaperfectnegativecorrelationcanreduceoverallportfolioriskisknownas:

A.Diversification

B.Hedging

C.Arbitrage

D.Speculation

答案：A

9.Theprocessofevaluatingacompanysfinancialperformanceandprospectstodetermineitsintrinsicvalueisknownas:

A.Fundamentalanalysis

B.Technicalanalysis

C.Quantitativeanalysis

D.Qualitativeanalysis

答案：A

10.Thetermbetaisusedtomeasure:

A.Thevolatilityofanindividualstockcomparedtothemarket

B.Therisk-freerateofreturn

C.Theexpected