1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.
0 y+ |$ D- o9 k* C A. Import of goods priced in a foreign currency4 M& a" l. w1 O- ]. Y; h, I
B. Import of goods priced in RMB
' d) o; l# u( e' V7 N C. Export of goods priced in RMB
, E$ N- _( b. z D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
C# k% z3 s- P6 ~9 y, T! v 2. Incoterms address ______.
+ X0 a* Q0 {* m* c# f A. the risks of loss between the parties
3 Z6 {5 w! i* i8 w$ d2 r B. breaches of contract
* h- F' E# [6 i# l' p C. ownership rights0 o& m; ^4 q2 ?
D. type of ship used
, D* e& U, \0 P% S 3. Which of the following is or was an example of representative full-bodied money? ______.
3 W c( W1 P- k% ~" c$ k A. Debt money# t/ Z- P/ Y9 @, `* U) J
B. ATS account: I+ P' B' H' ?) f
C. Gold certificate; D* b1 I; ]( U
D. Demand deposit
: |/ |: r7 M0 ~& n& Q, E 4. Risks associated with investing in foreign countries are the following except ______.9 W6 D! d7 b8 I w
A. voting risk5 a& i% m7 b, w
B. exchange rate risk: V/ B% U& I9 ~& `. E a8 L4 m
C. country risk
! g1 ~" e# m1 f9 h4 z! H! n, O D. political risk- e: S- z% p: t4 w1 F$ V! g( @+ p/ C
5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______." M8 y4 t9 N: z/ X
A. Exporter; Exporter
' d" ?( |' K0 `9 L# I B. Exporter; Importer
* n" ?+ J: V) s/ o0 g- W C. Importer; Importer
# r/ ~' e: {% I D. Importer; Exporter
. f6 M$ d+ t: A- y 6. Default risk refers to the possibility that a borrower may ______.
9 e5 p3 A7 l0 j+ W7 E% q. C A. be unable to repay the principal on his loan
: ?9 p9 P( b6 Z( J. b B. be unable to make the interest payments on his loan
2 d/ p! B' h* o+ B" H7 l C. go bankrupt! R( {9 ]. k i1 l* j$ ?
D. all of the above) h( Y I% `$ j# @
7. What is the reserve requirement? ______.# A% r/ P) S' P( J
A. The requirement of a bank to deposit a percentage of money# H. e/ W2 e% `. [6 v! }) J
B. The requirement for deposits in cash8 U3 U5 w2 k& y+ b
C. The percentage of a bank's deposits in the form of cash reserves
- W1 L. n! B8 y D. The requirement for cash reserves
& h6 P7 B0 m% ~ o# A: B) e$ F 8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.
+ F; E# U5 w, j' G6 Y) I! K A. a bill of lading$ G. w* {" c+ d% H! e% _+ O P# z
B. an inspection certificate
8 Y- c" s' }+ `8 ]4 Y: z. I; b' h C. a certificate of origin
7 b$ I) J) A: H. M Y. k; p D. an insurance certificate- Y+ a; Q t, U" H Z' X. s
9. Arbitrage ______." q: {! s" I' y' I0 `- @2 @
A. is a general economic term for buying something where it is cheap and selling it where it is dear/ s: _& m+ L: n" V
B. keeps exchange rates consistent across markets
' t7 b9 ]( R2 p g$ U% P C. has been outlawed by the International Monetary Fund; S5 D0 W3 @! c6 ?
D. cannot occur where there is a forward exchange market
: z2 P( I& l1 j: [$ b1 b E. both A and B
! R& \9 L% ^) y9 [! Y$ A 10. What is the purpose of comparing the ledger entries with the documents? ______.7 T5 Q. G3 j8 L/ f
A. To prove that all the transactions have made for the right amounts5 u: X3 S( x, O2 @, r$ a8 ^
B. To prove that all the accounts have been posted correctly
7 L6 f& I; j, n" c- X! j C. To check the number of all the debits and credits
& K2 }! S- Q) h" ~9 ?3 X* a D. To post the right accounts |
发表于 2012-8-16 08:05:44
