2011年金融英语考试模拟试题(2)
11.ABC Co.Ltd.has a $3 500 account receivable from XYZ Store.On March 20, XYZ makes a partial payment of $2 100 to ABC.The journal entry made on Mdrch 20 by ABC to record this transaction includes ______.A.a debit to the cash received account of $2 100
B.a credit to the Accounts Receivable account of $2 100
C.a debit to the Cash account of $1 400
D.a debit to the Accounts Receivable account of $1 400
12.Intervention in the foreign exchange market means the government ______.
A.restricts individuals from buying and selling foreign exchange
B.restricts the importation of certain goods
C.or central bank buys or sells foreign exchange
D.devalues the currency in the foreign-exchange market
13.Which of the following is not a form of counter trade? ______.
A.Counter purchase
B.Buy-back C.Offset
D.Balance trade
14.A credit to a revenue account ______.
A.decreases revenues
B.increases equity
C.decreases equity
D.increases assets
15.If the government guaranteed that anyone wishing a job would be provided one, the likely result would be ______.
A.massive layoffs
B.an increase in the money supply
C.an increase in inflationary expectations
D.the development of a barter system转贴于 265考试网 http://www.265ks.com/
16.Given $100 000 to invest, what is the expected risk premium in dollars of investing in equities versus risk-free T-bills(U.S.Treasury bills) based on the following table? ______.
Action Probability Expected Return
Invest in equities0.6$50 OOP
0.4-$30000
Invest in risk-free T-bill1.0$5000
A.$20000
B.$18000
C.$15000
D.$13000
17.Economists assume that most people take risks ______.
A.because doing so is exciting
B.only when they have no riskless alternative
C.very infrequently
D.if they are compensated for taking the risks
18.The Phillips Curve shows the relationship between ______.
A.aggregate demand and aggregate supply
B.interest rates and inflation
C.recessions and booms
D.inflation and the unemployment rate
19.In a fixed exchange rate system, speculative selling of a currency is based on anticipation of ______.
A.appreciation
B.devaluation
C.a foreign trade surplus
D.interest rate increase
20.A collecting bank is employed by ______.
A.the principal
B.the remitting bank
C.the drawer
D.the drawee, who is its customer
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