金融英语单选测题—FECT（2）
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.A. open account
B. bank's letter of guarantee
C. banker's draft
D. documentary credit
11. Which of the following statements is not true of central banks? ______.
A. They pay the government's salaries
B. They always undertake the regulation of the banking system
C. They are always the lender of last resort
D. None of the above
12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.
A. appreciates by 12.70%
B. depreciates by 14.55%
C. depreciates by 12.70%
D. appreciates by 14.55%
13. According to diversification principle in investment, suppose you invest Stock X and Stock Y with equal funds, which of the following is not true? ______.
A. If X and Y are totally independent with each other, the risk of the portfolio is reduced
B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset
C. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased
D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased
14. These are four main methods of securing payment in international trade:
(1) payment under documentary credit
(2) open account
(3) collection, that is document against payment or acceptance of a bill of exchange
(4) payment in advance
From an exporter's point of view, the order of preference is ______.
A. (4) , (2) , (3) , (1)
B. (4) , (1) , (3) , (2)
C. (4) , (3) , (1) , (2)
D. (2) , (4) , (1) , (3)
15. The main liability on a bank balance sheet is ______.
A. deposits
B. capital and reserves
C. loans and overdrafts
D. cash
16. ______ shows that net income for a specified period of time and how it was calculated.
A. The income statement
B. The capital statement
C. The accounting statement
D. The statement of financial condition
17. Why must the liabilities and assets of a bank be actively managed? ______.
页:
[1]