Liabilities are what a firm owes to others, and can be divided into two categories、sho

A.Current assets

B.Non-current assets

C.Current liabilities

D.Non-current liabilities

E.Paid-in capital

F.F.Retained earnings

A.He has no liabilities on the instrument

B.He has to pay Milton if the instrument defaults

C.He has primary liabilities

D.He has secondary liabilities

A．He simply adds all the amounts together.

B．He puts the assets and liabilities on the balance sheet objectively.

C．He makes restatement if the value of money depreciates.

D．He records the assets and liabilities on the balance sheet ignoring the change in purchasing power value of the currency.

By what means does a business measure the worth of assets and liabilities？

A．The monetary unit.

B．Dollar.

C．The value of the monetary unit.

D．The sum of all the individual amounts added together.

What is the short-coming of the concept？

A．The accountant has to restate the assets and liabilities on the balance sheet.

B．It is difficult to compare the balance sheets of different companies.

C．The balance sheet can not reflect the precise worth of the assets and liabilities.

D．Another company will not decide whether to buy the piece of land.

A、0.9000 years.

B、0.9600 years.

C、0.9756 years.

D、0.8844 years.

E、Cannot be determined.

听力原文：M: If a bank has inadequate liquidity, what would happen？

W: In this case, it cannot obtain sufficient funds, either by increasing liabilities or by converting assets promptly. Thus, insufficient liquidity can lead to the insolvency of a bank.

Q: What would lead to a bank's insolvency？

(14)

A．Adequate liquidity.

B．Insufficient liquidity.

C．Increasing liabilities.

D．Converting assets.

(46)

A．profit

B．capital

C．income

D．cash

Suppose that the U.S. net foreign debt is 25 percent of U.S. GDP and that foreign assets and liabilities alike pay an interest rate of 5 percent per year. What would be the drain on U.S. GDP (as a percentage) from paying interest on the net foreign debt？ Do you think this is a large number？ What if the net foreign debt were 100 percent of GDP？ At what point do you think a country's government should become worried about the size of its foreign debt？

In interpreting ratios such as those in Table 21-1，one must be cautions about drawing the conclusion that diversification is rising as rapidly as the numbers that are reported rise. Suppose a Brazilian buys a United States international equity fund， which places its clients' money in Brazil's stock market. What happens to Brazilian and U.S. gross foreign assets and liabilities？ What happens to Brazilian and U.S. international diversification？