1. Which of the following is not a function of money? ______.: t& C5 g" S- q* b" }
A. To act as a medium of exchange & [% r' A* h5 M/ o3 k; |
+ z5 S) w0 q5 W% \2 KB. To act as a unit of account2 e5 y) R, l/ v# Y
C. To act as a store of value
; M; R/ q' i9 p2 ?% q, |D. To provide a double coincidence of wants $ A- u/ Q9 E* U* e5 G# m
E. To act as a means of payment 2 w* ]% E/ l/ M3 u9 `" w0 V0 q
2. The price in the foreign exchange market is called ______.
# X5 \+ k4 W$ S$ m3 B1 |A. the trade surplus
P E% ^$ ]* J! [/ o( m0 h" R
; X, |: L" v0 F; Y1 S: r0 T. DB. the exchange rate z7 n6 M; m0 P, N
C. the money price
4 }7 O+ |4 K& |D. the currency rate
. g: w& G8 _. B4 Y3. Market risk refers to the risk of______.
" e) A1 G; P# n2 E& Z$ J" M! N; e6 dA. financial prices fluctuations
4 B% ^$ _' h# `3 B7 M% ^( {/ \) L; l/ v3 U' w5 Z* `9 \9 [! T5 K+ V
B. default
, P' `8 ~, M- s/ h+ D! I( `" Q* q9 g3 AC. fraud
5 R! J8 |! L8 ^6 f& S/ mD. deferred payments
U5 j& F }& x2 |+ d9 Q4. Which of the following is not among the generally accepted accounting principles? ______.. W/ \. z" n' l2 @% T
A. Cash basis 6 V% f6 O2 k7 e
/ Q# G+ u2 P3 E7 A2 p6 F2 D$ @B. Prudence- B! F) p8 I% g% o
C. Consistency
) Y, l& S+ n; F+ RD. Going concern ' A3 t0 E) Z9 F& r2 [& k
E. Money measurement.
; Y, ~, o) Y2 R' H% q5. What is a documentary letter of credit? ______., I5 j B$ `) v- g% }0 D
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation ' C7 l( r4 Q( Q( k8 y
6 i& o# V; F, ^8 k. w
B. A method of lending against documentary security
9 u! g! R4 G5 _* G7 ?. a7 [6 kC. An international trade settlement system biased in favour of importers' n+ H8 l, Q$ A6 E/ Q
D. All of the above
+ u7 l& E" r/ H9 [- w6 ^' k- N6. Holding a group of assets reduces risk as long as the assets ______.$ e8 ?- | Q9 R5 U
A. are perfectly correlated - \6 ]* H$ ?* [' T- t. j
3 H& U# d+ i4 D: ]0 E- j
B. are completely independent. `" V, r( c! ?
C. do not have precisely the same pattern of returns
; k) {6 k1 A: ]; V1 BD. have a correlation coefficient greater than one 8 D. [. [! l+ l
7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an .% a6 {' ?) ^. i5 _9 O
A. liability 9 W3 B4 P' ^/ Z- O9 I# h
8 d. }; q/ p* L) y q. j8 IB. debt
( ?0 A2 p$ ], [/ r ~C. equity6 }8 H1 |( M$ c: T5 h7 T1 g
/ D* u# g6 N+ M. D
D. asset
6 ~9 s, V D q B8. What function is money serving when you buy a ticket to a movie? ______.
+ {& e% g" t4 W. n; V8 a& I& NA. store of value + d( ?1 v1 c* h# V' j" O- M+ T
* G& h% g2 m5 x
B. a medium of exchange 0 l9 d" e) f+ b; e; Q8 x
C. transaction demand
% z5 @4 P' J2 [6 I5 l$ QD. a unit of account
/ s9 d: V+ }: f$ s# }! @9 s9. If foreigners expect that the future price of sterling will be lower, the ______.
t- k, I/ m# Q h3 jA. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall
) R: J/ k8 j; l0 EB. supply of sterling will increase, demand for sterling will rise, and the exchange rate may or may not increase
' s3 `2 C3 {2 v8 g: }: G: r6 IC. supply of sterling will fall, demand for sterling will increase, and the exchange rate will rise6 X6 v4 D+ @4 M
D. supply of sterling will fall, demand for sterling will fall, and the exchange rate may or may not fall
F0 v# ]# ~/ v10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.0 I3 m2 A3 e7 t+ `! s$ b6 e
A. open account " m% X% g, v. H( N* k- T( d
z6 L0 @$ }5 R4 M8 P
B. bank's letter of guarantee. i% e Z" N. D) H9 }3 N* D
C. banker's draft $ m% \* a ~6 G2 v
D. documentary credit
' v% H1 h: V% u \( W. u$ @11. Which of the following statements is not true of central banks? ______.
F. \3 `+ l0 f: t( KA. They pay the government's salaries
# r" @. i w% z* ]9 i
3 H. R6 A& l5 k$ x* j. ZB. They always undertake the regulation of the banking system . u9 ~3 U6 ^) Y! D
C. They are always the lender of last resort
8 J+ o! q1 N' A4 u8 E7 |D. None of the above 7 C/ k& x8 Z0 d- `
12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.. L0 o- g+ V- ]9 x4 Y( d3 w) v
A. appreciates by 12.70% 2 h- _, X- h3 E. l; J: x* n+ @4 e
$ ^% q& u; X) X. s) }4 f* _+ vB. depreciates by 14.55%
, v& p1 T( v7 T! G/ o9 zC. depreciates by 12.70%
/ v$ m, G% Q2 u8 E" G, |5 K1 uD. appreciates by 14.55% 7 q% C7 @, o3 C5 b/ b' E
13. According to diversification principle in investment, suppose you invest Stock X and Stock Y with equal funds, which of the following is not true? ______.; s/ {( M( d/ E7 O5 w9 }4 B
A. If X and Y are totally independent with each other, the risk of the portfolio is reduced
# A4 T$ J: u/ b
' ]( x9 W/ L) v; z" z1 ^5 y+ y nB. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset0 r: V; z3 l5 {$ j. t3 v
C. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased7 n. ?1 ~& b; f; H" l, ~1 _
D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased
; [* A9 n3 m4 u. ]( b14. These are four main methods of securing payment in international trade:# s. s D3 \9 D; i8 l" t
(1) payment under documentary credit2 i* d1 r& F/ r) W- ?
(2) open account
/ ]% h$ n& W9 [" i, l(3) collection, that is document against payment or acceptance of a bill of exchange
# s( l. C, U y(4) payment in advance
; y8 f! c$ y" R) WFrom an exporter's point of view, the order of preference is ______.
$ T1 i$ o3 _/ c! \1 EA. (4) , (2) , (3) , (1)
" N' ?$ X6 i* Z1 h6 P3 k# d1 k* G' J" j) Z: S3 n Y& u/ s# d, Z
B. (4) , (1) , (3) , (2) + N" H, ]0 e0 A& G
C. (4) , (3) , (1) , (2)
2 _5 a4 q+ F! GD. (2) , (4) , (1) , (3)
6 Y: N( \9 ?* Y# ?* B9 o1 W15. The main liability on a bank balance sheet is ______.. ?* I- k) ]* i& ]3 u
A. deposits 1 h% s1 s- X x% t+ j
9 g4 ^0 S& S6 L) s1 D
B. capital and reserves& j- ~0 d& j2 ^
C. loans and overdrafts + W" }3 V( I5 P4 C
D. cash % G6 y' u% L$ ]- C$ B+ J g, _( J
16. ______ shows that net income for a specified period of time and how it was calculated.
$ c* Y: v( Y9 s, i, K. c! e$ oA. The income statement 7 K, L1 c7 P4 o, \6 @- ]
# E1 G' D Q: X: C+ a0 ^5 Q0 x7 |3 PB. The capital statement
% s6 @8 G4 v/ d7 e3 W9 V* K& tC. The accounting statement1 `/ @, b& x" m3 h t+ j% S
/ t7 B- N1 O' n4 d7 `, p+ \" k
D. The statement of financial condition |
发表于 2012-8-16 08:05:44
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