金融英语单选题-—FECT（8）

会计考友

II. True or False Questions
* u4 @" h- i5 }. y( y26. As a general rule， the shorter the maturity of an asset and the more readily it can be sold， the more liquid is the asset.
A.True B.False

27. Investors in the capital markets are not subject to any tax on their investments.
A.True B.False

: ?$ }$ {* ?3 f1 n7 f! f28. CMO is a security backed by a pool of pass－through rates， structured so that there are several classes of bondholders with varying maturities， called tranches.
A.True B.False

29. The purpose of the letter of credit is to facilitate trade， typically international trade by substituting the known credit worthiness of a bank for the buyer， which may be unknown or unacceptable to the seller.
A.True B.False

3 ]0 A$ X, s, n: X30. According to the Phillips Curve， the economy cannot be at full employment and stable prices at the same time.
" T0 M/ X, Z" I7 ~) n' xA.True B.False
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31. When total reserves are equal to required reserves， the banking system cannot extend loans anymore.
1 c8 c4 Y+ b  c% _, JA.True B.False
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32. A bill of lading that covers the shipment of goods on two separate vessels is known as thorough bill of lading.
A.True B.False

- M/ g! `! a! X+ L/ Y! z) {" I% G33. Usually the more liquid asset is less risky.
+ N' j; j$ T# J" s6 y) YA.True B.False
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34. Where the bill of exchange is not accompanied by documents， these having been sent to the importer， the transaction is known as a clean collection.
8 V4 @7 t- p& {6 e) JA.True B.False
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35. The velocity of money is the speed with which it can be converted into a liquid asset.
A.True B.False
7 L% U; w0 Z& g8 o6 i, n' ~7 G36. Primitive securities yield returns that depend on additional factors pertaining to the prices of other assets， while a derivative security offers returns based only on the status of the issuer.
A.True B.False