【ACCA选择题】
第一题:Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4 Exchange rates
第二题:Which of the above are correct?
A 1 and 4
B 2 and 3
C 2 and 4
D 3 and 4
3.9 Which of the following organisations might benefit from a period of high price inflation?
A An organisation which has a large number of long-term payables
B An exporter of goods to a country with relatively low inflation
C A large retailer with a high level of inventory on display and low rate of inventory turnover
第一题:【A】Rationale:Government policy on taxation,public spending and public borrowing relates to fiscal policy.Government policy on interest rates and exchange rates are part of the monetary policy.
第二题:【A】Rationale:Debts lose'real'value with inflation:a company that owes a lot of money would effectively pay less(in real terms)over time.The other organisations would suffer because:inflation would make exports relatively expensive and imports relatively cheap;business might be lost due to price rises;and the cost of implementing price changes would be high.