1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
; a- l' ~- @: n9 X- c3 G- c3 |A. imports automatically increase
. t( w0 [4 w( k- ?- ^9 b8 y! FB. currency automatically depreciates
; h+ Q/ x# c NC. exports automatically decline
9 g! A5 ^8 ~4 Y. B( n8 iD. currency automatically appreciates
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4 J. _; z% R6 v2 H1 \. D2 h% v2. Which of the following statements is not true of accounting? ______.7 |& o# V2 a' f6 v) |4 _2 ^
A. Accounting is language of business1 K" J6 \) ~5 l
B. The user of accounting includes business, government, nonprofit organizations and individuals.
3 \! [+ C4 [, J$ t/ e6 [1 VC. Accounting is useful for decision making! l8 x5 \" `& z" s K0 G
D. Accounting is an end rather than a means to an end
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3. The term foreign exchange is best defined by the following statement: it is ______.
/ f$ z$ I. C: n2 K* [' oA. the rate of exchange between two currencies2 {) U( h! T5 M* _% W
B. synonymous with currency exchange
8 ]$ c, u* m- NC. the place in which foreign currencies are exchanged. u+ J/ Y3 \1 }1 J4 ?
D. an instrument such as paper currency, note, and check used to make payments between countries
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4. What is Asset Allocation? ______.
5 _9 V# A3 f9 A+ ?' [( VA. Buying assets of different types, risks, and potential returns
1 n& k j* t# s* @2 c. zB. Buying assets with more than one brokerage account4 i$ w+ s' a$ R1 y( }
C. The ability to buy mutual funds
# F5 m5 }) `2 eD. Buying stocks for the long term; Y8 j$ M. q* l/ d
4 I! Y2 H6 H2 }; a' ^5. External users of financial accounting information include all of the following except .1 }& z- Z) @! C2 z* I2 d) I% I
A. suppliers
( m4 @2 B, R- P. }B. line managers 1 F ` {' v4 I& f& w
C. general public * h9 d# |, t3 O, ~3 C/ _0 p
D. creditors
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6. CAPM is short for .
3 z3 k( o0 x, [" m! e2 R3 y& LA. Capital Asset Pricing Model * Q8 S' n+ N1 r" ]: R3 R9 S+ q0 `
B. Cash Added Price Matrix/ _; ]+ B, m+ ] _ r+ k# {
C. Capital Asset Pricing Matrix
6 w( Q7 K: N$ u9 m/ U. h% MD. Cost and Price Model0 t0 P2 A( W& L4 A0 y
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7. Liquidity measures the ______.
: H* E% _, i) l I# U6 s3 L) R0 AA. value of an asset2 V2 y H2 V, }2 Q! F ~
B. ease with which an asset can be exchanged
5 o0 Y( b+ P1 H5 xC. usefulness of an asset1 c. k2 E" R% }; m/ s4 T! ]: X; S: v6 t
D. economic and monetary reliability of an asset compared with other assets
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7 z' E: x' Z- O. w$ s, j8 U8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.0 i/ h( Q: G: s- w9 D
A. documents... the credit
: B& C6 \! E2 @' FB. merchandise... the contract# U3 i; S2 V: T3 q$ D+ I7 P
C. documents... the contract 6 b5 g* S% f6 Z$ O! A
D. merchandise...the buyer ordered
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9. A barter economy is one that does not possess _______.; l/ X4 C; C; Q2 l. n' l
A. any wealth 0 K; x. b) g2 H+ r7 e
B. printed currency8 R* @) P3 ~. H( D
C. a medium of exchange
; l! Y$ e# k+ S4 fD. gold2 t! S+ s7 h# l2 U% O
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10. Which of the following is not true of airway bill? ______.
) o- K( @' H9 X) I% p2 ~; W: PA. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods# C7 {# g1 B7 Y8 ?; O
B. Airway bill is a document of title to the goods
5 C# S$ |6 g8 M |) zC. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
8 k' h3 J4 u% B5 G2 Q& ^- KD. None of the above G# F& f3 U! f5 Q3 S: j# l
答案:1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B |