金融英语单选题—FECT（9）

会计考友

1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract？ ______.
A. Import of goods priced in a foreign currency
$ E- C7 T4 F0 I1 z4 _B. Import of goods priced in RMB
. G/ u4 `9 ]  f9 h; sC. Export of goods priced in RMB
) w7 g( Q  l  |6 l$ f0 d8 h" KD. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
2. Incoterms address ______.
  B2 V/ e5 d5 S7 X3 E) K- \A. the risks of loss between the parties
B. breaches of contract
C. ownership rights
D. type of ship used
* v- Q  {5 ?5 _3. Which of the following is or was an example of representative full－bodied money？ ______.
+ d( e* N: |; \2 C3 A1 lA. Debt money
1 s$ O4 S' d9 ?: ^+ j$ BB. ATS account
# a  |# y7 S1 y; ~C. Gold certificate
: q3 ~9 n$ S! i7 `  rD. Demand deposit
4. Risks associated with investing in foreign countries are the following except ______.
A. voting risk
B. exchange rate risk
1 j3 A  y6 h. p/ u4 jC. country risk
; }! e4 n1 y7 ]D. political risk
. g; F- M/ k1 }" U8 Q5 t" R5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each？ ______.
A. Exporter; Exporter
7 F/ V$ m# A; e7 F' r: p. sB. Exporter; Importer
C. Importer; Importer
, b/ ~3 r9 M% B' kD. Importer; Exporter

会计考友

6. Default risk refers to the possibility that a borrower may ______.
2 }. u" Z8 D/ g4 Z* P5 TA. be unable to repay the principal on his loan
B. be unable to make the interest payments on his loan
! P5 x. Y9 v! L3 r7 }" ]# qC. go bankrupt
D. all of the above
" B& I" j/ \& ^) R: X7. What is the reserve requirement？ ______.
A. The requirement of a bank to deposit a percentage of money
, |( [' k( b9 ~B. The requirement for deposits in cash
C. The percentage of a bank‘s deposits in the form of cash reserves
! M' j8 e- Y6 eD. The requirement for cash reserves
8. A draft is like a check that can be endorsed but it isn‘t a title to goods， like ______.
A. a bill of lading
B. an inspection certificate
C. a certificate of origin
3 p% O* `5 Z' E; D7 J9 YD. an insurance certificate
$ I  S  j5 u) ^+ ]) L9 V9. Arbitrage ______.
: S4 v% p" n. K/ Z- l8 NA. is a general economic term for buying something where it is cheap and selling it where it is dear
B. keeps exchange rates consistent across markets
$ _" E, I  V/ a. X: x2 L+ O9 {8 E0 t8 e& HC. has been outlawed by the International Monetary Fund
D. cannot occur where there is a forward exchange market
E. both A and B
" D1 b# r+ V1 u9 w/ g10. What is the purpose of comparing the ledger entries with the documents？ ______.
A. To prove that all the transactions have made for the right amounts
0 ~0 K& E1 h" {* DB. To prove that all the accounts have been posted correctly
, g) p; Q1 |: i% D  LC. To check the number of all the debits and credits
D. To post the right accounts