1. What are the expected returns for Stocks X and Y respectively? ______.9 m6 Y: V3 b" ~. U* S
A. 20% and 10%! n/ `: O3 f3 N& Q% h
B. 18% and 12%
' K. K1 O0 K, p" Y; f; {3 |" }. g' t C. 20% and 11%
+ x# S/ r& u3 }) M0 V D. 18% and 5%
& W1 ]& q" ]! c* @ 2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
* v" }! l4 b9 ` A. Confirmed irrevocable documentary credit* R. e- `: {' M- _# y* _. t
B. Open account! Z8 X2 M. n* i
C. Documentary collection D/A
. n* ], |8 T/ y& k: o2 f6 T6 w D. None of the above0 t1 f6 e6 n+ I; Q6 P* z6 J& q
3. ABC Co. Ltd. purchased a car for $ 12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct? ______.- v# E" ~( Q: d0 G. c: @1 q2 j
A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent9 N( P& W( ?; ]4 R# i$ g" ]! z5 S
B. Total liabilities increased by $7 000
o+ ]* |/ Q# H3 M C. Total assets increased by $12 000
$ }/ y1 \3 T9 Y7 | D. This transaction had no immediate effect on the owner's equity in the business$ X' v& o, Q$ n6 R7 N s- b" p
4. Which of the following terms of payment will entirely eliminate country risk? ______.
) w. G' j2 W4 n7 f4 p A. Revocable documentary credits( r5 u3 _! K% k1 r8 }3 f
B. Confirmed Irrevocable documentary credits
8 y( [5 W& |5 M" r5 d& \# L C. Documentary collection D/P# ~* i- L& `, L: N9 s9 C2 B& ~0 O
D. Documentary collection D/A
/ @, i& Q$ j" n' v6 u 5. 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? (Assume there is no latest stated date for shipment stipulated.) ______.. `- o7 H, g5 {' k( c( e8 S
A. Presentation to you on Monday 25 February with the bill of lading dated 25 February) A6 F# m& t3 O" S2 ^
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
' L$ N) Y& Z8 U# A C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February) ~1 [1 {$ S/ t( \3 F' e( x
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
' o' {# Z' `7 y; k# c 6. What are the standard deviations of returns on Stocks X and Y respectively? ______.
2 e# Z7 C+ B& M; O0 M A. 15% and 26%
6 U& b6 A* ?( Y B. 24% and 13%* m3 u+ q, Q6 B* [" w: F
C. 20% and 4%7 y( r0 v* h. S, W
D. 28% and 8%3 M% u7 c6 b9 J7 P5 V
7. Who makes the first presentation of documents under a transferable credit? ______.
: F, ?: x. [* f3 `* K# C5 Y- X2 f A. Applicant
( m$ }! E6 S( d% n7 t0 E B. First beneficiary
q+ J5 z! M p C. Second beneficiary
0 U. Z' U# G" X# C D. None of the above3 `% u1 R7 b* @/ a e/ D
8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
+ E7 K k6 I. ~! c A. repayment of a $ 10 000 bank loan
! ^5 {9 T9 Z, e% j" K B. an asset with a cost of $10000 was destroyed by fire* u- U2 p' X+ G4 S# U h* H
C. purchase of a delivery truck for $10 000 cash- J, p* K/ s4 x: q
D. collection of a $10 000 account receivable
& L% |. l) ?7 g6 e 9. Money ceases to serve as an effective store of value when ______.; M% d$ P8 K0 E: [5 X) c
A. the government runs large deficits
! V0 x6 M9 B' e B. the unemployment rate is very high6 K( I# Q; B/ F4 B; T
C. productivity in the economy declines$ ^' H4 P9 J. y4 g3 }
D. rapid inflation occurs6 \0 z' S! C4 x+ `, N% h
10. An indication that the money supply is greater than the desirable amount would be .
* { C- P" ?: D2 h" ~, R A. insufficient spending and excessive saving8 P" B4 d; V& d
B. deflation
. X# J, y1 e; c9 |# ~ H0 V' V& m C. inadequate spending and rising unemployment
3 v& g( Z" ^0 a D. rising wages and prices 外语学习网, o0 K# ]7 ^+ c( q! t: A9 y
答案：1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D |
发表于 2012-8-16 08:05:44
