81.In documentary collection, the documents will not be delivered to the buyer until ______.9 g7 X. ~$ l& n+ G- W
A.the goods have arrived
" ~: o- m" U7 n; v! l4 p- L, ? B.the buyer has cleared the goods" }2 e& T% @2 h. ?
C.the bill is paid or accepted5 i0 P# G( p3 R/ V0 C, ~
D.the seller says so
1 z6 W- C* F* Z) A+ t$ r 82.In documentary credit operations, all parties concerned deal in ______.
% a8 O7 U0 Q& W+ D- ^ A.credits8 r2 h6 c7 h6 I& v M: W
B.documents+ O- [% X' A6 t, p: G: n
C.contracts; q- E! X" _' f( c
D.goods
/ S1 `( B- b" T3 H* f; _7 E 83.A check involves______.
8 g6 [: ? s4 C! [# E A.the writer, the signer, the cashier, and the bank
# q7 r* N0 w8 _; ` B.the drawer, the payee, and the bank
; w, q( Q, e3 ~1 C# d T* ~6 z C.the drawer and the payee# ]: V+ T9 b- E( l% Q3 i/ f$ Q
D.the signer, the payee, and the company0 `. A, P& w* W
84.Assume a bank has $200 million of assets with a duration of 2, and $ 100 million of liabilities with a duration of 3.What is the duration gap for the bank? ______.4 l* v/ I# w# ?/ V
A.2
2 u) G6 ^- d: P) L) _ B.-15 a8 f o( J! T1 `& r+ F' k* R
C.0.5! f' w/ Z q, A& M
D.-4
0 {8 {/ w2 O; E4 y$ h& b 85.When a central bank allows the purchase or sale of domestic currency to have an effect on the monetary base and hence on the money supply, the intervention is said to be a/an _____ foreign exchange intervention.
# e; O, r5 s* X' V+ |, W A.limited" O0 @# k0 w8 w' m+ Y* a
B.unlimited
. Z5 l: w& z. ?" U! q. J* q C.sterilized7 A$ X" |7 R. J4 W' G3 V
D.unsterilized. ^9 `, K: E8 n# x; \1 v4 |
86.The shipper wants assurance that his goods will reach their destination.The bill of lading gives him this assurance.It thus serves as a ______.
% h4 I& Y8 [8 i; } A.contract for delivery5 {1 @, r% U$ P3 s! a3 Z; j5 f; k
B.receipt for goods! O" V2 I- a8 X* g
C.title document
( i7 H F( z/ @ D.negotiable instrument
r# Q% c- p G+ s 87.A sound policy to combat a temporary liquidity shortage in the banking system would be ______." A# `6 h; b6 w+ m4 @4 \
A.an increase in the discount rate& |( f i' k# u+ b: _) e: ^
B.an increase in reserve requirements
9 @% M' s: f0 W0 d q e; } C.a reduction in reserve requirements N( M5 v+ C2 a5 m# V- D
D.the purchase of government securities under repurchase agreement6 K- O" H$ @! K
88.The narrowest definition of money is referred to as ______.
+ g5 s6 V# J7 }7 v A.M 01 [2 K0 i) G" z/ r
B.M 1
& l* G: l! D5 z' r: c8 w C.M 2
7 E p4 I- {3 y* Y' z: k D.M 32 y' r* U* K8 O# E" _
89.Which of the following is the term used to describe the offsetting of the effects of intervention in the foreign exchange market on the domestic money supply? ______.- c: O% f) }! h- {- l
A.Daily intervention$ [9 A% }) E5 z8 v6 }: u
B.Sterilization
% E; G; h# n5 j8 K3 W: y) W C.Discretionary monetary policy
3 }, h$ s: Z5 F$ Z( L D.Discretionary fiscal policy
4 b7 O) `' P3 g; \. A: P4 x 90.Under a fixed exchange rate system and freely flowing capital,______.; O& q- f% Z: H: l
A.fiscal policy is ineffective4 v. B4 z" Z; l
B.monetary policy is very effective
2 w X. k. K1 z8 h, y& d C.the supply of money is very important
1 o. m5 [5 @7 h+ W7 c D.monetary policy is ineffective |