. What are the expected returns for Stocks X and Y respectively? ______.
: L8 r1 i1 ]- S: }2 q# {4 L A. 20% and 10%
[/ @& I Q6 A. f1 q+ } B. 18% and 12%
' r0 b, e2 g4 f3 B C. 20% and 11%
2 |9 f: _9 |" z b, }: b D. 18% and 5%" X5 v# g$ J# n2 }) M2 _
2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
3 g9 F( U5 n7 m# p A. Confirmed irrevocable documentary credit' N6 ?5 n$ q, N; @7 N' n
B. Open account
5 H& R# q/ l& q6 j C. Documentary collection D/A
' }4 o2 K) q; n$ J: ~' ` D. None of the above
' e3 l" ]3 j, J" h 3. ABC Co. Ltd. purchased a car for $ 12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct? ______.
1 f$ d, r& H$ e! F# R$ L7 Y# v A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent
3 l) |; W( c# R, y9 Z B. Total liabilities increased by $7 000
! T& R8 Q+ s; ?4 c$ I6 K+ ] C. Total assets increased by $12 000, C- ]5 b8 T/ Q) n
D. This transaction had no immediate effect on the owner's equity in the business
% b* |8 N9 m' n# ?8 x( n 4. Which of the following terms of payment will entirely eliminate country risk? ______.
" H4 R0 o5 I& L3 ^5 p A. Revocable documentary credits
& W. v, u& O. Z B. Confirmed Irrevocable documentary credits
6 C v4 o& ?, d C. Documentary collection D/P
( Y* {6 y: l1 z* P$ E& Z D. Documentary collection D/A$ |9 z, B6 o8 Z+ Y N* F" w
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? (Assume there is no latest stated date for shipment stipulated.) ______.
1 G+ u9 d6 E' j. P A. Presentation to you on Monday 25 February with the bill of lading dated 25 February" I- }+ U1 T5 Z. K8 w! S
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February) ~9 R, ^* ^ X3 w
C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February, d* `% z7 }7 V! o, h
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
2 W$ n* v8 K' a0 E L, e/ ?5 X 6. What are the standard deviations of returns on Stocks X and Y respectively? ______.( Y! m# F( o4 s$ d; k% F4 c3 [
A. 15% and 26%
6 y% ~' C: A o8 F B. 24% and 13%
* }/ Q L9 w9 s+ ?6 I5 I( H C. 20% and 4%4 l4 g) Y$ ?$ F3 V" o& f
D. 28% and 8%/ e$ q% L* H/ d2 x2 U/ R
7. Who makes the first presentation of documents under a transferable credit? ______.9 x3 O g9 r6 O, ^' \
A. Applicant* L5 n3 z4 H# ?. j& `
B. First beneficiary
3 y% r4 P+ N/ m! E D: n# ]; o C. Second beneficiary- M( l1 P! q! @# h* I, u6 z! h W! V
D. None of the above3 E& S* v4 c0 ~4 u z( j
8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.0 T+ `8 p. o- N& C( U
A. repayment of a $ 10 000 bank loan
. E: x4 l7 s. O* e% T2 Q9 d B. an asset with a cost of $10000 was destroyed by fire
% t6 i. A: m- d0 B$ ^1 k x, [5 z C. purchase of a delivery truck for $10 000 cash5 `7 `6 z/ }+ \8 D# O% \- n" Q" p
D. collection of a $10 000 account receivable
$ |( S1 M$ R% L3 Y' q" U; W 9. Money ceases to serve as an effective store of value when ______.
, m1 n6 y7 c$ F$ V8 f; l A. the government runs large deficits
2 A5 w. f/ O3 T B. the unemployment rate is very high0 ~5 O" K3 F y& d: [
C. productivity in the economy declines3 a" Y& m; x, ?* j Z6 q, M
D. rapid inflation occurs, ~- p; U0 Z3 f2 q& K) Q
10. An indication that the money supply is greater than the desirable amount would be .
/ \; v- U* L0 q" v; z; F A. insufficient spending and excessive saving
) G# \0 |9 ~# \/ K5 n B. deflation
' V3 p/ a o) K: H4 r, S C. inadequate spending and rising unemployment
+ ]9 k! W" o$ |: E% n( P% C, M+ @ D. rising wages and prices |
发表于 2012-8-16 08:05:44
