FECTE xercises2（4）

会计考友

　　61. The statement of cash flows is designed to assist users in assessing each of the following， except .
* _& H: J3 x1 q! ^1 O5 r9 D, B　　A. the ability of a company to remain solvent
& c% n% \( g) \' X1 y: |# I　　B. the company’s profitability
! V; B4 f3 b  I" f  Y2 o+ ?　　C. the major sources of cash receipts during the period
  ?7 M5 m# ^# ~) @, `　　D. the reasons why net cash flows from operating activities differ from net income
　　62. Which of the following is a main policy tool of the central bank？ ______.
" i, b. u# N0 {) e2 e　　A. Taxation
　　B. Open market operation
$ k# O" |0 V  ~8 {5 C6 [　　C. The prime rate
7 L+ I4 J6 B' y( q4 R* g　　D. The money supply
* {. C( }* Y0 o& m* V7 w! B　　63. Which of the following is not included in the statement of cash flows， or in a supplementary schedule accompanying the statement of cash flows？ ______.
, f5 i4 y" \$ h0 k: s　　A. Disclosure of the amount of cash invested in money market funds during the accounting period
　　B. A reconciliation of net income to net cash flows from operating activities
" V6 ~6 y$ f! O  c: v# e' ?　　C. Disclosure of investing or financing activities that did not involve cash
　　D. The amount of cash and cash equivalents owned by the business at the end of the accounting period
" k4 H* a- M) R5 |　　64. The yield on bank reserves is equal to ______.
  ~% @2 D; x" f5 @+ `$ @　　A. the discount rate
　　B. the prime rate
7 D& v% |  a9 q9 M5 L  A　　C. a specific rate decided by the central bank
　　D. 0 percent
4 M  W1 ^* t5 h$ m5 s　　65. The feature of APT that offers the greatest potential advantage over the simple CAPM is the .
- o8 {$ q+ k+ A0 Y/ Z5 V　　A. identification of anticipated changes in production， inflation， and term structure of interest rates as key factors explaining the risk-return relationship
) f; S. n5 f" S9 G/ l  {$ Z　　B. superior measurement of the risk-free rate of return over historical time periods
& V6 }; N$ P& F　　C. use of several factors instead of a single market index to explain the risk-return relationship
0 ~$ v: `- X+ ]! b　　D. variability of coefficients of sensitivity to the APT factors for a given asset over time
. X: A' k$ r1 o5 Y　　66. In documentary collection， the exporters present the documents to ______ after the goods have been shipped.
　　A. the remitting bank
( h: R* z* B+ [0 I　　B. the collecting bank
$ }" w# t6 Z( @# ]) X　　C. the reimbursing bank
　　D. the opening bank
4 `9 n+ U/ e8 `' b! D7 o- G# ~; D　　67. If a bank has ______ rate-sensitive liabilities than assets， a ______ in interest rates will reduce bank profits， while a ______ in interest rates will raise bank profits.
　　A. fewer...rise...decline
+ R7 b) w. h. ]$ N/ [　　B. more... decline... rise
$ v- s0 y7 T3 B; l9 G　　C. more... rise... decline
　　D. fewer...rise...rise
7 P+ ?+ U% D0 z* |. q7 b4 O　　68. An L/C applicant is unhappy with the goods he receives. He is due to pay a term bill of exchange. Which of the following course of action could take place？ ______.
　　A. He is obliged to pay as the documents were in order
' u; [# l$ x4 e　　B. He can instruct the issuing bank not to debit him
　　C. He can pay a reduced amount to compensate for the inferior goods
　　D. He instructs the issuing bank to return the documents with a payment refusal statement to the beneficiary
' m+ F8 X9 z; U* N( V　　69. Which of the following would be considered a Eurodollar？ .
　　A. A U.S. dollar in a bank outside the U.S.
　　B. A U.S. dollar held as an international reserve asset by a foreign central bank
　　C. A Federal Reserve notein the pocket of a tourist visiting Europe
; g8 P6 _* ^: n% I! J5 O　　D. None of the above
　　70. Which of the following is usually least important as a measure of short-term liquidity？ .
$ `- }4 [5 t9 K0 h0 Z　　A. Quick ratio
) l: L  B+ i( s　　B. Current ratio
( d( y1 `0 w0 _+ o9 u1 f　　C. Debt ratio
" W/ u0 y2 b+ @2 G; t3 ]　　D. Cash flows from operating activities