82. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
: p, H; U" @1 i2 E/ Q- Y* l A. Confirmed irrevocable documentary credit% p6 t- w, Y: M& m
B. Open account( N0 O2 X# g' Z- \3 x
C. Documentary collection D/A
4 h" S; }: y5 u% Z1 {5 O& s' G D. None of the above2 K+ b( Y* A e4 z g, Q
83. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.' A- y& J x+ ~( }, s8 `' ~
A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
/ u- u4 o4 ?% V) [7 B/ ]& ^1 u( M B. Total liabilities increased by $7 000
1 c1 R3 b: W. U C. Total assets increased by $12 0007 d, ~' A) [9 y% Y
D. This transaction had no immediate effect on the owner’s equity in the business& R& H d, r. s7 q8 N
84. Which of the following terms of payment will entirely eliminate country risk？ ______.3 s, q8 S1 |4 d) u
A. Revocable documentary credits7 X. r/ M/ j) u$ i% Y2 n' W2 I
B. Confirmed Irrevocable documentary credits' L( s; H- S1 n3 Q! h# O# J
C. Documentary collection D/P
5 U Z) M8 R! n" }6 [$ t1 F, f D. Documentary collection D/A) t8 D0 z2 M2 [3 y
85. The expiry date of a documentary credit is Sunday， 24 February， and documents have to be A presented to you. Which of the following is an acceptable presentation？______.
R3 h4 T- s' [0 m7 f2 R% A" H$ ^ A. Presentation to you on Monday 25 February with the bill of lading dated 25 February& C9 O/ J% N/ r9 C
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
: g; \5 Z) S! Y" N2 O$ l( B8 K C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
6 i! _# B; l& t7 E6 u D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
/ s* e8 Z2 b; {: z1 z 86. What are the standard deviations of returns on Stocks X and Y respectively？ ______., f" Y! l" y9 m6 o4 f2 W
A. 15% and 26%; U7 D3 y( N- ~+ t) }& u W
B. 24% and 13%
0 t' g/ o; R* X+ l$ ~6 U# I7 K# l( c C. 20% and 4%
( ?0 v& h, \# r# g* K7 E! ]3 S5 Z D. 28% and 8%
3 J* a+ j" {3 B* Q; J/ O: V0 y: C 87. Who makes the first presentation of documents under a transferable credit？ ______.) z Q& }; {" E. T' l( e
A. Applicant
! t" ^! \1 V" a( `, Z B. First beneficiary% n0 Q4 f" ~/ Z9 x. Q% }
C. Second beneficiary
8 L5 L, ^9 d3 T0 P, i% O* L3 {4 l D. None of the above
, x7 k6 H/ F" a 88. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.0 i5 n) Y$ W3 R5 j
A. repayment of a $ 10 000 bank loan6 A7 _: w+ M H( `
B. an asset with a cost of $10000 was destroyed by fire
! |9 }1 B/ [, O4 Y) T C. purchase of a delivery truck for $10 000 cash
- Y+ X$ e2 I6 Y8 X2 |$ Z1 o D. collection of a $10 000 account receivable |
发表于 2012-8-16 08:05:44
