金融英语 ：FECT1（5）单选题

会计考友

　　1. What are the expected returns for Stocks X and Y respectively？ ______.
( ^# C2 i% [# H  t+ u　　A. 20% and 10%
　　B. 18% and 12%
　　C. 20% and 11%
　　D. 18% and 5%
　　2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
. n4 |+ \8 \4 V　　A. Confirmed irrevocable documentary credit
( u0 |. ^: L* E  W+ k, q　　B. Open account
! B( h7 V* F) K0 s$ h　　C. Documentary collection D/A
　　D. None of the above
　　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？ ______.
　　A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
  \* Y1 G9 P" E　　B. Total liabilities increased by $7 000
　　C. Total assets increased by $12 000
. x7 J$ s3 f7 U8 S　　D. This transaction had no immediate effect on the owner’s equity in the business
8 K: Q4 O  l+ J6 g　　4. Which of the following terms of payment will entirely eliminate country risk？ ______.
9 f5 I& M# I4 S. }- I　　A. Revocable documentary credits
　　B. Confirmed Irrevocable documentary credits
  ?! J( y! r/ C& E( J& a* h　　C. Documentary collection D/P
) r9 q- U0 Q4 J# R2 j　　D. Documentary collection D/A
　　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？______.
　　A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
  Z: J8 ]2 y9 T' M, k　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
, A( I6 j0 w5 L- `# ?　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
1 M. N7 h, e' E6 j5 i; T　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
8 b  ^1 o/ m& @7 O+ W　　6. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
- B9 k' p5 {. K6 R( F5 l! q　　A. 15% and 26%
　　B. 24% and 13%
. v' c) M) P% b1 ?" z　　C. 20% and 4%
　　D. 28% and 8%
　　7. Who makes the first presentation of documents under a transferable credit？ ______.
　　A. Applicant
　　B. First beneficiary
2 R6 w! Z1 ^/ y  o$ I; o) t5 o　　C. Second beneficiary
　　D. None of the above
5 o1 D2 E3 D# {+ e　　8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
　　A. repayment of a $ 10 000 bank loan
, J/ c. H3 j5 S3 S+ F: H　　B. an asset with a cost of $10000 was destroyed by fire
　　C. purchase of a delivery truck for $10 000 cash
( `, o0 j2 p! Y　　D. collection of a $10 000 account receivable
9 W, c2 D' B% K1 U　　9. Money ceases to serve as an effective store of value when ______.
　　A. the government runs large deficits
　　B. the unemployment rate is very high
' n# o; J2 c# C  x0 g# ~8 d2 v　　C. productivity in the economy declines
, C7 z& l& b/ m　　D. rapid inflation occurs
' A* z. ^0 w$ R: I7 J, \　　10. An indication that the money supply is greater than the desirable amount would be .
, A9 s) c% S* t( J5 n　　A. insufficient spending and excessive saving
- R, n3 w0 ~. q! R　　B. deflation
　　C. inadequate spending and rising unemployment
3 x; N" S% e" R　　D. rising wages and prices