金融英语 ：FECT-1(7)单选题

会计考友

　　. What are the expected returns for Stocks X and Y respectively? ______.
- U: N: T! G* |　　A. 20% and 10%
　　B. 18% and 12%
  `  T7 K5 ^7 p) Y% D　　C. 20% and 11%
6 x! B: |2 D& _% J  L( K　　D. 18% and 5%
　　2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
- \" _4 v$ n3 P4 G　　A. Confirmed irrevocable documentary credit
) b# S& t) O% U. I9 O' k, z　　B. Open account
) ~$ J( `7 [" ?　　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
2 U% c5 {1 G; ^9 `+ {　　B. Total liabilities increased by $7 000
/ Y$ [, T$ f1 J* s& f; }( q6 s　　C. Total assets increased by $12 000
　　D. This transaction had no immediate effect on the owner's equity in the business
　　4. Which of the following terms of payment will entirely eliminate country risk? ______.
　　A. Revocable documentary credits
$ L3 m6 w% U8 u6 ]& N　　B. Confirmed Irrevocable documentary credits
　　C. Documentary collection D/P
, g- B) w2 [0 q: A　　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? (Assume there is no latest stated date for shipment stipulated.) ______.
　　A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
" e! [3 K; Y) ]% K5 M; S, }　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
3 A9 \. K, [9 [' W6 `8 N. B7 U7 T　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
. l5 ?; b. k4 K# q/ d/ L　　6. What are the standard deviations of returns on Stocks X and Y respectively? ______.
8 R& d7 c8 F8 M# |( e  G　　A. 15% and 26%
　　B. 24% and 13%
　　C. 20% and 4%
" x) }/ \6 c: s9 {5 H! z# t　　D. 28% and 8%
7 q2 {+ ]- P& B2 u  ?" m　　7. Who makes the first presentation of documents under a transferable credit? ______.
　　A. Applicant
　　B. First beneficiary
　　C. Second beneficiary
　　D. None of the above
/ H2 @" E0 @% B- f1 h: |1 f" Z$ `: Q　　8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
' H6 C# z3 S4 }- `- p7 p　　A. repayment of a $ 10 000 bank loan
4 w' x( ]  z' Z4 b　　B. an asset with a cost of $10000 was destroyed by fire
- P* t' T8 [7 ~5 P& ]　　C. purchase of a delivery truck for $10 000 cash
　　D. collection of a $10 000 account receivable
- b0 u! W2 n0 {! v& p/ o5 Z　　9. Money ceases to serve as an effective store of value when ______.
　　A. the government runs large deficits
　　B. the unemployment rate is very high
, q% J6 W% s' R6 b& P* e4 T* _　　C. productivity in the economy declines
9 ^* ]' \, z; e$ E( N* v7 U　　D. rapid inflation occurs
　　10. An indication that the money supply is greater than the desirable amount would be .
　　A. insufficient spending and excessive saving
　　B. deflation
　　C. inadequate spending and rising unemployment
　　D. rising wages and prices