1. Which of the following is not a function of money? ______.
; H( G, a$ K0 O5 JA. To act as a medium of exchange % t: \* X% h2 k, z
3 q$ P8 N, Z- M2 w2 nB. To act as a unit of account% W+ ?+ w) b7 u6 a0 E
C. To act as a store of value# v. L; G, w3 v
D. To provide a double coincidence of wants ) y5 K' s2 T! y+ m# ?/ }
E. To act as a means of payment ' \! P. {" C k q
2. The price in the foreign exchange market is called ______.( b3 L. u& }+ c) X! p( d" ^
A. the trade surplus# o7 f3 o, Y& x9 k# W$ I* V( X) v
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B. the exchange rate
; p! j& J; I, g) fC. the money price ) r: [. U5 p7 I* b7 E
D. the currency rate
" h; p' ]# k6 ^9 |7 F# Q' O9 ?3. Market risk refers to the risk of______.
: l$ c( x6 U$ x4 T9 wA. financial prices fluctuations / ?9 z4 |7 G/ e0 ~: m% L6 R6 M
& @& A# o& A9 r" ?2 PB. default: s2 Z8 N+ }7 X3 ]& i
C. fraud
1 g' y/ S4 z, E: x& I! t( \& `% ND. deferred payments
+ I2 S( V" T! V* E4 o' U1 i/ _: m4. Which of the following is not among the generally accepted accounting principles? ______.
, Q1 a# F! c9 k: d# V6 `( q1 V bA. Cash basis $ `* M& q! ^+ l
7 S. f( o7 g5 | `B. Prudence
" O1 c9 C5 t0 e/ Q, q8 W, N- |4 ^7 iC. Consistency
: p0 A) r, s0 nD. Going concern , M+ t) ]; n8 y6 Q# g: a4 P( N
E. Money measurement.
) j3 D# c( x% \. f$ k( Z! w5. What is a documentary letter of credit? ______.
: e U1 i$ E f/ QA. A conditional bank undertaking to pay an exporter on production of stipulated documentation
5 I% [4 k, V5 A# j: @- o6 b; k3 x
% b9 \( q; r- HB. A method of lending against documentary security
# r! M% T8 e& y! D7 Z7 ]0 UC. An international trade settlement system biased in favour of importers
: n5 C5 z- E- [4 Y0 J$ i- V J' PD. All of the above
4 \6 `0 p5 i" Y2 A1 M+ K6. Holding a group of assets reduces risk as long as the assets ______.2 w- r" w2 N" @( m Q9 J
A. are perfectly correlated . a1 l2 V1 s Y
6 e# g. A: Y# t1 EB. are completely independent2 k4 `0 V' h# I9 i( x5 c1 _9 X
C. do not have precisely the same pattern of returns
: ^6 L. I/ s4 W2 ED. have a correlation coefficient greater than one ' X) @" k4 ]; Y7 F" Q( r
7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an .
" \, G1 n5 W( s; i. N% H7 RA. liability x! A, N" R D# v! l2 D& I
5 ?2 `' c' Q) J% k
B. debt
7 k6 I4 D$ w8 v) z$ b$ ^C. equity' ^8 U3 k0 W7 L9 q1 d
% L/ Y @, l- m' ~ `% e: q
D. asset4 Q0 t) C- j8 y
8. What function is money serving when you buy a ticket to a movie? ______.( x( i6 ^, q7 u; ]* y2 f
A. store of value $ N$ X8 }: ] u% Y/ i; W4 k
5 }3 s/ Q% T, J, v3 Q" e3 A5 F6 m
B. a medium of exchange , U! l8 \+ s5 v
C. transaction demand $ ?7 q9 o: f6 i& I, o" \& ^
D. a unit of account
+ I: X; J/ c' _* x9 D9. If foreigners expect that the future price of sterling will be lower, the ______.5 T* n3 C1 f0 C4 q+ N$ I7 p0 `" o: c6 d
A. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall
( V/ a# u& i8 s. C# q* H" w8 dB. supply of sterling will increase, demand for sterling will rise, and the exchange rate may or may not increase0 L# [2 c0 A/ I1 p3 u/ A
C. supply of sterling will fall, demand for sterling will increase, and the exchange rate will rise
F: ^# V: y! e, f# G' Q: SD. supply of sterling will fall, demand for sterling will fall, and the exchange rate may or may not fall
+ d6 S4 x+ W `" V# o' n10. The documentary collection provides the seller with a greater degree of protection than shipping on ______., A4 ]* S, X2 p
A. open account # e5 D0 h8 w! h2 p B, ?3 w
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B. bank's letter of guarantee
& ~6 W" ?& x. Y( g' H' }C. banker's draft ! ?- |3 N0 l3 g
D. documentary credit
- N/ Y* y! a# i5 H2 l11. Which of the following statements is not true of central banks? ______.
" Z4 r, }; W' o$ D$ E9 s& aA. They pay the government's salaries D! p3 ?, ?$ x0 C
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B. They always undertake the regulation of the banking system
, [- Q& S. m# @2 \" o$ xC. They are always the lender of last resort
; ?2 h% [0 k) _+ nD. None of the above # p1 G5 W8 j2 L
12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.
. R% f# k1 c8 g; dA. appreciates by 12.70%
f/ J. | A6 y+ n
6 G- L7 ~2 L; O3 ]. s- ]) O* }B. depreciates by 14.55%
) h# \! U' Z6 N8 \/ o# `: AC. depreciates by 12.70%
( C* m: f; t( W! [D. appreciates by 14.55%
; A) j m% ]) J7 n+ w- O( ]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? ______.
' t0 g. w8 P U$ i. aA. If X and Y are totally independent with each other, the risk of the portfolio is reduced 9 c* [& m9 V3 y( ?3 z8 q
1 R0 e7 ~+ ?- q1 r2 D& [B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset
# `+ w9 W6 s4 LC. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased, }9 r: U! Q) Y9 Y' ~
D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased 4 Y" ~# g5 c9 ?# x1 Q. q2 K
14. These are four main methods of securing payment in international trade:9 O# H5 X* n% z5 Z
(1) payment under documentary credit
) W: v- ~# v- O: Y(2) open account
9 { y' p* e: d0 I(3) collection, that is document against payment or acceptance of a bill of exchange3 a: V. I" J1 j' A" m7 x& c
(4) payment in advance
* {- F# v5 \0 A: _9 P3 w$ CFrom an exporter's point of view, the order of preference is ______.
2 t9 s* E6 @6 _A. (4) , (2) , (3) , (1) 6 |- z6 q% h! Y+ x+ D
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B. (4) , (1) , (3) , (2)
/ I9 t" _. b# k3 l+ J* I/ J6 \5 ~C. (4) , (3) , (1) , (2) , g" ]' E' Y, c: g4 c
D. (2) , (4) , (1) , (3) 1 `) d3 l; f/ B" O* O0 v4 t
15. The main liability on a bank balance sheet is ______.% H2 d& y. L) ?% l/ T0 H# b9 I3 S
A. deposits 5 d1 n. ~% E+ m6 F5 N7 s2 H
1 o6 V: K' @. @& B: vB. capital and reserves
5 F3 A' @3 c: B6 g. k" M/ rC. loans and overdrafts 7 Y' Z! L: d \- S8 T5 Q& n" G$ G
D. cash ; Z8 n& o) F( U5 v
16. ______ shows that net income for a specified period of time and how it was calculated.
) Z' p; a, F, u* _" ?6 _2 FA. The income statement
' F) |3 v+ L+ v8 T1 n1 Y
& j$ @ ~* _: MB. The capital statement, [$ [3 L: b2 A: i4 v3 E# \
C. The accounting statement0 O/ G$ |- } n/ j, B- G4 v$ M
# R8 O5 U! F6 k1 Y/ a6 g! v1 }
D. The statement of financial condition |
发表于 2012-8-16 08:05:44
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