1. Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market.
& [1 |+ E' a; n A. premium: B7 m& z n3 S. p, `
B. par$ b: O1 z/ H+ f4 v, R
C. discount
% J }, m e$ A4 F) } D. bar6 R& b8 W( D0 Y, d F: q- I
2. Which of the following statements about standby letters of credit is true？ ______.* v6 G; J/ R# ?4 l, D# H6 A
A. They can serve as a guarantee to a buyer against a seller defaulting
, f9 C; d* F6 ^- v B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods5 x( g' g1 J) W6 ]4 _
C. They are unlike a tender bond in their legal standing and method of operation
! c! M5 s2 u# F0 ]2 h! O, p D. They are unlike a tender bond with its fixed expiry date/ Z. K1 d( a1 Y& w" R, L! e! j
3. The most liquid of all assets is ______., C1 n+ m; M% f$ k
A. the stock of commercial banks9 _8 j Q1 \! V( X5 \7 N
B. M 1+ X; `! I2 x# n# E; D. T
C. intelligence
3 I( P- E" t% m" S2 ?5 k: h D. the debt of major corporations! E: X; F6 S& ^5 C
4. Beta and standard deviation differ as risk measures in that beta measures ______.
d5 b6 `, I; ]0 ^1 u A. only unsystematic risk， while standard deviation measures total risk/ M9 _5 d: E. j1 k
B. only systematic risk， while standard deviation measures total risk
8 a+ ~& k& r7 b! }2 u2 D1 S3 b C. both systematic and unsystematic risk， while standard deviation measures only unsystematic risk5 D- G/ b0 ]+ M9 B, ?; H6 g) c
D. both systematic and unsystematic risk， while standard deviation measures only systematic risk
4 ^/ l1 b' s. K 5. What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements？ ______.
+ a" y- S2 x H* z8 `5 \, A2 } A. Cash provided by or used in financing activities
; F& S k3 H8 n8 j B. Cash balance at the end of the period0 F& V, ^" E2 Q/ H- b9 Q0 j7 J) }
C. Total liabilities due to creditors at the end of the period
4 d! J8 I* f+ H D. Net income8 E; ^( {: X( {$ q7 A; a- b# a
6. An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：* x" ?3 T/ U/ R& z7 q# Q
State of economyProbabilityReturn Good 0.1 15% Normal 0.6 13% Poor 0.3 7%The expected return of the stock is ______.
" U# G& t9 U" b# O6 Y! J: G A. 7.8% C. 11.7%" Z( X3 c9 {3 Q( |* o6 x
D. 13.0%1 h$ n) B& N0 R" F4 l; T# r
B. 11.4%' D0 ~+ n! B9 \- j6 p7 ?3 X8 R
7. According to the rules of debit and credit for balance sheet accounts ______.
, C; F' U- Z- Q A. increases in asset， liability， and owner’s equity accounts are recorded by debits
" @! Q$ D4 u2 } B. decreases in asset and liability accounts are recorded by credits' }# g% n* J1 g v) p
C. increases in asset and owner’s equity accounts are recorded by debits
% m9 e9 I; R( X2 H* {6 I D. decreases in liability and owner’s equity accounts are recorded by debits
$ ~2 [1 N4 H1 m3 F 8. Individuals will accept the medium of exchange in return for goods and services only if they are confident that ______.# _1 ~( J( U5 @( \
A. the inflation rate is zero' `7 p3 b: q, I+ e' @
B. it possesses intrinsic value
0 g7 Z }' T) A, G/ H C. they can pass it on to others
2 O4 Z8 ^1 V7 [+ W, _) \ D. they can exchange it for gold
# A- ^# x. g- [! l: ?3 e( u 9. When a country’s currency appreciates， the country’s goods abroad become ______ and foreign goods in that country become ______.
7 o" j4 I9 \$ }( M( ^" y A. cheaper... more expensive
0 f! Q" Q- @6 C2 @6 T6 k2 [ B. more expensive... cheaper2 W" T& v+ W7 s; Y ~3 A& Y
C. cheaper...cheaper
' x1 o% G( ~7 E" u, k D. more expensive... more expensive
7 M; N" j, f5 I3 Q6 K8 _* X 10. A US company is bidding for a contract in China. Its Chinese customer asks for a performance bond. What is the most likely course of action？ ______.* [6 j5 H5 v3 P; K0 z) v% F
A. It asks its bank to issue a tender bond which can be converted into a performance bond
' ^( { b1 S4 g4 M* l B. It gives up its bid C. It consults its bank about issuing a standby letter of credit
, m& Y" C; S. j! m L D. It asks its bank to issue a performance bond( d* S/ _2 M7 V1 c# d
11. ABC Co. Ltd. has a $3 500 account receivable from XYZ Store. On March 20， XYZ makes a partial payment of $2 100 to ABC. The journal entry made on Mdrch 20 by ABC to record this transaction includes ______.
: M2 u1 X& P' ?; t+ A A. a debit to the cash received account of $2 100% p0 C+ k/ H3 w' |: F
B. a credit to the Accounts Receivable account of $2 100# k; d9 Q- k6 t2 J; j; S
C. a debit to the Cash account of $1 400
( t0 u7 H/ j) [; H D. a debit to the Accounts Receivable account of $1 400
7 h3 d( A( T9 c) G, c! a 12. Intervention in the foreign exchange market means the government ______.
. ^) p. B7 Q' @% l& A A. restricts individuals from buying and selling foreign exchange
" r4 J% N. M& e B. restricts the importation of certain goods
: J: T0 X% k4 Q! I+ o0 w4 p; f C. or central bank buys or sells foreign exchange5 `( I: I: s: O$ j
D. devalues the currency in the foreign-exchange market: q' X" ]: j3 i, K G& r" x+ a
13. Which of the following is not a form of countertrade？ ______.
$ u! M# E& ~. M) \: Y8 B3 ?3 j A. Counterpurchase
* e; z$ k! a6 ~ B. Buy-back C. Offset1 h2 r0 ~6 K# N
D. Balance trade
& a9 j1 i% r3 F- y9 p 14. A credit to a revenue account ______.
# u1 ] W Z: U& y1 {1 V- H4 A" M! s' E$ O A. decreases revenues' K5 r5 y8 H6 m& l/ i. \
B. increases equity
/ Q9 P/ c4 c) v8 k% E C. decreases equity |
发表于 2012-8-16 08:05:44
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