1. Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market.
; V, ^# b# F5 r7 RA. premium 3 \) ^# X/ A/ ~! `! [
B. par
* B7 d1 p/ _/ v3 [C. discount
8 [6 k% w8 G: Z2 n e$ L- `8 DD. bar ; a7 x5 ^ L8 I8 Q
2. Which of the following statements about standby letters of credit is true？ ______. * I8 J( A, V" e$ ?' X
A. They can serve as a guarantee to a buyer against a seller defaulting
" [# V0 i8 J7 ^+ ?. {B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods " a3 |$ f8 g( Y! w
C. They are unlike a tender bond in their legal standing and method of operation 4 ?+ K, h) ` h& U- L
D. They are unlike a tender bond with its fixed expiry date * u! [0 ~# g: ^. }% l/ o
3. The most liquid of all assets is ______.
+ F8 n3 `3 [ t# f& y6 a# y/ I NA. the stock of commercial banks . C( a8 j* h4 ]) n1 _
B. M 1
4 t l! h' z6 Y3 q5 oC. intelligence
+ R: a0 p$ O6 D9 SD. the debt of major corporations
: [! M6 r& H6 o, G+ ^8 ^4. Beta and standard deviation differ as risk measures in that beta measures ______.
% Y3 W( K7 b4 M" B9 YA. only unsystematic risk， while standard deviation measures total risk
5 _$ J( u8 b' o; r: n: |1 sB. only systematic risk， while standard deviation measures total risk
8 ~' [; s, g ^# J! A2 D$ tC. both systematic and unsystematic risk， while standard deviation measures only unsystematic risk 1 K0 O! [* l- H, i
D. both systematic and unsystematic risk， while standard deviation measures only systematic risk, d* l* M* v6 I8 j
5. What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements？ ______.
3 k7 J/ s- u& G j ~A. Cash provided by or used in financing activities
8 O/ Y0 y" U5 U/ ^7 w" c iB. Cash balance at the end of the period " E' n4 u7 j- Y4 P0 i0 }
C. Total liabilities due to creditors at the end of the period
) h: Z5 [/ H' @) j9 W! ED. Net income
& f7 x: H% R. ^8 H& @ Q7 k6. An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：
) T! d5 a+ p3 ?3 _2 u# oState of economyProbabilityReturn Good 0.1 15% Normal 0.6 13% Poor 0.3 7%The expected return of the stock is ______. / \& d5 u6 y, p: R2 ]
A. 7.8% C. 11.7%; h$ ?; y D# r; n' p1 q
D. 13.0%
& @3 d5 o( z7 c* r# y7 M3 CB. 11.4%
+ T! X3 i. T0 A5 k7 H1 ]/ \
4 V& N, z L" H$ z& F- l+ H( ~! q4 P7. According to the rules of debit and credit for balance sheet accounts ______. & ^+ N( C' ?. I' } M# i1 K( m
A. increases in asset， liability， and owner’s equity accounts are recorded by debits
' B+ h0 R, T& h5 {8 a) ^B. decreases in asset and liability accounts are recorded by credits
3 q/ A8 l* [0 Q/ XC. increases in asset and owner’s equity accounts are recorded by debits
# K9 {1 K- b4 j8 |D. decreases in liability and owner’s equity accounts are recorded by debits |
发表于 2012-8-16 08:05:44
