1. Which of the following is not a function of money？ ______.( Z7 ?: G9 H' L. ?
A. To act as a medium of exchange
& M/ a. t; H. ^. u0 l8 n8 o' B* F B. To act as a unit of account% n* w6 Z( x+ p( }
C. To act as a store of value
/ A4 g- O0 I6 F D. To provide a double coincidence of wants5 O2 N. q& K0 |. ]# g, o
E. To act as a means of payment
. Q5 c5 t$ J: z' V: E" ?. j0 @" g 2. The price in the foreign exchange market is called ______.4 O( F0 k. m( [6 b6 h% u
A. the trade surplus
9 J" j3 V( A( i% R% n; B2 a B. the exchange rate% _4 P6 Z0 w4 n O) F
C. the money price& D1 C l- o' @ m6 {
D. the currency rate
% A' l4 I; i5 T9 n$ _; A7 W; a 3. Market risk refers to the risk of______. k2 P2 e# j! h7 q0 S {
A. financial prices fluctuations
- k# i9 m3 j, ] B. default7 f8 _% V% X* l9 w/ `7 E
C. fraud
, h U5 X# P: z& K% ? D. deferred payments
2 f/ X* `% d' Y. S 4. Which of the following is not among the generally accepted accounting principles？ ______.0 `4 |- H" `% ] z9 r$ L7 }& w7 l; W
A. Cash basis
3 i. |' o8 M" u; Q2 U. F2 ^ B. Prudence7 m7 {% ~5 C( q; ]
C. Consistency
/ k! Q& n2 }2 A! e4 J0 a+ P7 M D. Going concern* D+ F. j% W; e
E. Money measurement.& F$ t1 J) F0 Y, ~6 \$ @& s
5. What is a documentary letter of credit？ ______.& l) P$ r( y' K0 F- r% ~ } b
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
2 l3 B$ u5 m% _. _' I e1 J1 x, z B. A method of lending against documentary security
8 J5 q8 w* @7 ]- d8 n' ] C. An international trade settlement system biased in favour of importers
) @( n. [: }- q9 L5 ^2 m: _ D. All of the above
, [! t6 y. I6 }& J' _, g! t 6. Holding a group of assets reduces risk as long as the assets ______.
7 C* j0 f8 o3 O* z, A A. are perfectly correlated
# L+ g4 d. n1 o/ s+ S B. are completely independent
( [ ~% ` e2 [1 K! v' z3 t C. do not have precisely the same pattern of returns( O6 Y4 u8 d1 }9 S" n
D. have a correlation coefficient greater than one
9 l2 z/ Z6 T1 w2 V0 `5 r% c( I 7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an .) ]7 @( K& J0 n6 i9 n# W9 h
A. liability8 U: Y) ^5 n2 B& C
B. debt0 l+ L" Z5 y9 ^& w- y) T H/ m9 l
C. equity8 Z& R5 y& G; W
D. asset) N5 ]5 A8 ~" Z+ U
8. What function is money serving when you buy a ticket to a movie？ ______.+ e% p+ G9 E. @' P
A. store of value. L' a- \! B, q* I5 P$ m' Q$ w d
B. a medium of exchange
/ {8 R3 a1 t; B9 p& t C. transaction demand
: W$ v) ]( ]; q. a5 y2 m0 q D. a unit of account
, X$ O/ E9 `8 S9 g X5 p4 |8 R9 S( l7 z 9. If foreigners expect that the future price of sterling will be lower， the ______.
9 ~$ O* w0 K" @% b8 P' K A. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall. D# V$ P q( w m/ \+ a
B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase, A# a# S5 J. A+ J( w8 n/ R6 ?! o) V
C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise k+ N6 r7 w0 i' b
D. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall/ t2 t& z% F" o' Q
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.
4 F* ?8 S5 e0 {. @* C0 X A. open account2 v) B" f* N: Q- t: A
B. bank’s letter of guarantee- x* J/ Z6 T9 P$ D5 h/ z
C. banker’s draft+ _6 D0 f1 y. C3 K5 d' z
D. documentary credit
* s; q/ S' `% M! ~ 11. Which of the following statements is not true of central banks？ ______.6 E' Z+ U0 z2 p
A. They pay the government’s salaries$ E/ x. r4 m0 V0 Z# f
B. They always undertake the regulation of the banking system
4 I4 ^$ B4 `1 y) Y C. They are always the lender of last resort8 p; t$ K4 k5 k7 Y. s6 U7 j
D. None of the above0 B, ^/ R- y; X' Z$ k0 h
12. When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar ______.
/ p$ U P0 T; j+ R2 G1 ]9 c5 W A. appreciates by 12.70%* k1 p2 w j4 B0 r* f& }
B. depreciates by 14.55%+ |! k$ m* l7 P5 K+ |
C. depreciates by 12.70%
# |- v, U& o, t D. appreciates by 14.55%
7 |3 a& p3 }" Y' |6 |# T& p 13. According to diversification principle in investment， suppose you invest Stock X and Stock Y with equal funds， which of the following is not true？ ______.
8 r6 L3 F. A9 r% `6 k' ^ A. If X and Y are totally independent with each other， the risk of the portfolio is reduced* X6 m+ i; ?. n4 x: s; S
B. If X and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offset% o' Q8 `7 A- Z; m7 I: }
C. If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increased3 P# L. B* G5 [' s: j; t
D. If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased# G1 H, ~0 k/ l
14. These are four main methods of securing payment in international trade：
+ S3 J7 h/ v5 |# E. K, F4 l' C7 c payment under documentary credit
. s" F9 X' P- K( U; o; S open account
! z) z& j2 y: O collection， that is document against payment or acceptance of a bill of exchange* M: ?& [1 @: L8 s- N( @
payment in advance
. W# U! I1 f6 I From an exporter’s point of view， the order of preference is ______., r6 q* L3 L, o
A.，，，# ~; O/ ^% I1 d" Z% L! L. b
B.，，，$ Y9 C) M; V5 _4 ^
C.，，，$ o# k* c7 a3 P8 ?5 x( c9 a4 n
D.，，，; W0 f, w+ B" E* H
15. The main liability on a bank balance sheet is ______.
2 Y a3 w* Q/ H. {: @3 B A. deposits
* i. ]* C5 |0 Z1 ]& G1 _: Y B. capital and reserves
( z9 b7 I& N2 p/ N8 s, y: M. z C. loans and overdrafts
, T( b" G0 L1 J# M2 D6 | D. cash
8 V8 q2 l6 E) T. \7 Z% I u$ p 16. ______ shows that net income for a specified period of time and how it was calculated.
2 r- M0 D# c& X A. The income statement
- @8 X+ h+ L/ B9 b* K. n4 Y B. The capital statement |
发表于 2012-8-16 08:05:44
