金融英语单选题—FECT（6）

会计考友

1. What are the expected returns for Stocks X and Y respectively？ ______.
A. 20% and 10%
B. 18% and 12%
* [( n% w0 d1 ?( ^  }! @3 U' l4 bC. 20% and 11%
D. 18% and 5%

1 P) p3 U- b7 r8 c2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
A. Confirmed irrevocable documentary credit
B. Open account
C. Documentary collection D/A
D. None of the above
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$ h4 X' v* `) `8 X7 ^" V4 [4 p3. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.
A. From the viewpoint of a short－term creditor， this transaction makes the business less solvent
B. Total liabilities increased by $7 000
1 B2 y# E( V* \C. Total assets increased by $12 000
: f/ Q7 I5 ^# T, X3 k! v. F: jD. This transaction had no immediate effect on the owner‘s equity in the business
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4. Which of the following terms of payment will entirely eliminate country risk？ ______.
$ J1 F/ _! I9 }$ k3 g. qA. Revocable documentary credits
3 p) M4 |4 V( n" r( O* @B. Confirmed Irrevocable documentary credits
/ g1 o. o( w1 LC. Documentary collection D/P
+ g2 x" i3 C! N  l2 eD. Documentary collection D/A

会计考友

5. The expiry date of a documentary credit is Sunday， 24 February， and documents have to be A presented to you. Which of the following is an acceptable presentation？ ______.
" S0 |3 W% n. j1 LA. Presentation to you on Monday 25 February with the bill of lading dated 25 February
" ^# x" K+ {, V* C) P$ t$ v- Y) F/ hB. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
- o: j6 d5 E4 [& z8 c5 u5 dC. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
( A" G' R! D" k: i0 V! bD. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January

7 Z; X* e, `- N" N: C& y! _6. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
9 |& F2 y: B! g: _0 c% V& RA. 15% and 26%
/ z% L! ]0 K5 N- w% N+ oB. 24% and 13%
C. 20% and 4%
D. 28% and 8%

9 \- u& V$ {) N7. Who makes the first presentation of documents under a transferable credit？ ______.
4 |  Y/ q) \, ^$ q5 d6 V& F# X1 Y. qA. Applicant
B. First beneficiary
C. Second beneficiary
# l6 r2 M$ V7 _! PD. None of the above

8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
; R8 G# S* `4 t& h5 y$ e5 XA. repayment of a $ 10 000 bank loan
B. an asset with a cost of $10000 was destroyed by fire
4 m8 ?. p7 l5 n6 S9 e& i: H( d# RC. purchase of a delivery truck for $10 000 cash
$ C4 M: P( o- aD. collection of a $10 000 account receivable

( q, j& U, ]5 `8 D2 T9 o4 Q; ?9. Money ceases to serve as an effective store of value when ______.
A. the government runs large deficits
B. the unemployment rate is very high
4 k5 n3 \) n1 h1 tC. productivity in the economy declines
D. rapid inflation occurs

3 ]/ r; C4 f! p) w$ X) f6 U10. An indication that the money supply is greater than the desirable amount would be .
6 @# D' G0 ?9 q" i5 VA. insufficient spending and excessive saving
  y: w0 C% V% N$ b# J9 d1 AB. deflation
C. inadequate spending and rising unemployment
/ a) x) H2 e9 o" l2 z6 U! `D. rising wages and prices