1. Which of the following is not a function of money？ ______. A. To act as a medium of exchange
" x/ ]% o5 Z3 E: p" b% J7 @+ L$ M* Z B. To act as a unit of account' h$ H# I* A, `% k& ~# J
C. To act as a store of value& s0 A2 q1 W+ e' } h2 u; p
D. To provide a double coincidence of wants
$ Y: X) Q! m1 Z E. To act as a means of payment
& `7 _$ W$ g8 o" |4 t 2. The price in the foreign exchange market is called ______.% W, R; o; f! N+ S+ V t& H
A. the trade surplus+ s( l, o- {; u. K8 k/ R+ G
B. the exchange rate
3 C0 V: I0 d" f( l n C. the money price, H& I- ?- d* I( K% @" G( j
D. the currency rate
: L& i( A# T q 3. Market risk refers to the risk of______., i7 o) |5 k1 u# d
A. financial prices fluctuations
, U: I4 ]- [8 i$ L% f2 _* l B. default
. M2 V% K& ~" c" h C. fraud4 l I% Y' c7 a9 r3 W# T p3 ]
D. deferred payments2 y) A U l3 r2 o2 ^
4. Which of the following is not among the generally accepted accounting principles？ ______.1 C' n" r; W* D; D9 l
A. Cash basis
" g8 e( t V$ E7 p, D$ E! h B. Prudence2 B7 q' X5 V6 Z3 m |8 S
C. Consistency
% s- C$ X: z: [, q$ t D. Going concern
7 z3 f( |. ]- ~+ w# q5 Y y% U1 k E. Money measurement.8 D$ ?( l/ i0 s+ w4 _8 I$ e+ i
5. What is a documentary letter of credit？ ______.8 f* q0 v, |% k6 k% n: P! J; A
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
" E: {) z. O. ?6 o B. A method of lending against documentary security6 ?8 a. o. m! o! T; [
C. An international trade settlement system biased in favour of importers G0 Y* [7 G' E8 {& b$ E/ U
D. All of the above
; [# w5 P6 |, t+ [ 6. Holding a group of assets reduces risk as long as the assets ______.% d; {- c0 q) h! a
A. are perfectly correlated5 k6 ^1 G# }+ L
B. are completely independent
* S: e5 D6 T w4 f# \. ^6 J C. do not have precisely the same pattern of returns
1 z' V( D9 t0 W4 c+ v D. have a correlation coefficient greater than one
/ X' Y8 c; t7 Q0 U( g' `/ R 7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an .# U* m- H; o+ f( @
A. liability5 ]: y, @) O" z/ H; f# k
B. debt V* s4 U4 t _0 O. p
C. equity0 M3 g: {" ~3 m @
D. asset" W& J4 G. m9 A; ?* k, |/ h* T+ w. {
8. What function is money serving when you buy a ticket to a movie？ ______.2 B1 t/ P v$ R/ @* K' R: f
A. store of value/ O* p- U. e3 u
B. a medium of exchange
. }: I; u* G* x# d) b! ^+ A C. transaction demand3 W# ?, r' w8 V
D. a unit of account
V% p1 _" `$ G7 o2 y8 V2 ] 9. If foreigners expect that the future price of sterling will be lower， the ______.
$ X) a; R" J% P/ f A. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall
% R" v2 Y- S/ ]; h8 M B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase2 S- g0 k4 p2 X
C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise
9 L* d% ~; E. @ _) s0 O& ~! O) d7 w* T D. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall6 e5 l# i: j' s( l5 t) j
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.
# o# Q( s6 ]) a) u A. open account/ ^" Z4 V* l/ D9 W. `6 u' C# h& L
B. bank’s letter of guarantee; x Z! C4 Y; D8 }
C. banker’s draft& x6 U3 A; H* {: |
D. documentary credit
( Q$ I* s! N2 M$ C% ^* r7 D 11. Which of the following statements is not true of central banks？ ______./ h2 I! p' A. i! y! Z9 U
A. They pay the government’s salaries) R1 N# G. k- M8 h8 c: t$ k
B. They always undertake the regulation of the banking system1 D+ u. i9 ^* t. q. y2 g3 W
C. They are always the lender of last resort
! O( u* C! B! I5 h D. None of the above8 m1 R; p. f) ^6 K6 A0 a3 A+ V/ k
12. When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar ______.% `. d B" Z. G6 i; j" c2 A+ k) ^
A. appreciates by 12.70%
8 }/ W2 K! \+ [( \6 X" v. Q B. depreciates by 14.55%" D: ~! _) P/ Q9 R2 ~$ J
C. depreciates by 12.70%% P( @1 ?; C6 L, U
D. appreciates by 14.55% M6 d/ I9 I7 [4 g1 x: |9 T
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？ ______.! Y& o& w/ w* U" B
A. If X and Y are totally independent with each other， the risk of the portfolio is reduced3 Q# R; K+ ?: l) s8 i5 c- Q
B. If X and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offset
0 q5 I ^" l# b! k$ R$ p# s$ U8 B7 C C. If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increased
, n, z# P3 j/ f; a X: N+ T: K- z4 s D. If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased x6 h4 n5 M0 R
14. These are four main methods of securing payment in international trade：7 {5 h1 g9 m7 I1 ?% |% @1 d5 l* b
payment under documentary credit* p6 q) B# V- J
open account
# t+ E; Y% w* G ^9 h collection， that is document against payment or acceptance of a bill of exchange
* l& f7 }" l7 } payment in advance& v) g+ @4 `# v7 e( Z' a5 ?9 B
From an exporter’s point of view， the order of preference is ______. H2 t; `- k) d# ?* j
A.，，，
+ D7 K0 h; ?( Q5 B* T7 ` B.，，，
( B: N7 P a$ i2 V C.，，，- A5 g0 l7 V6 W+ c5 T) ^+ G, Y; H
D.，，，
2 _% C9 |+ W, A, n5 d 15. The main liability on a bank balance sheet is ______.
2 k5 T; X- G% B! B- W8 R1 i- b5 r A. deposits0 P. q+ P! X6 L% E- T+ u
B. capital and reserves5 M6 W( F0 X6 _' }
C. loans and overdrafts3 {0 J5 k l! c2 @, m; Z* R# Y
D. cash- ]: a4 N3 P) p3 d( h6 C
16. ______ shows that net income for a specified period of time and how it was calculated.
7 Q* [$ z" M9 V/ R: R; z- U A. The income statement# y: j$ J$ A) o! s6 M2 D2 m3 Q
B. The capital statement
4 b7 |* f8 e- m x- s; o& R) X C. The accounting statement
. R ~. S; y& p9 s, q. I$ h D. The statement of financial condition |
发表于 2012-8-16 08:05:44
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