1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.$ W4 ?/ v* V. d2 N0 H. T
A. Import of goods priced in a foreign currency
0 t- x4 n3 J; S: ` B. Import of goods priced in RMB
R1 q8 j6 n7 V6 t4 ~ C. Export of goods priced in RMB
! ~+ \7 m9 @" B& U D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract. x% q7 g: F& Y$ I/ d4 A
2. Incoterms address ______.! L4 b7 B9 [/ L$ K3 c3 |
A. the risks of loss between the parties1 p2 p) e* l% ^' I' ~1 D. H2 T: w
B. breaches of contract9 H5 X+ ]1 s% `3 C/ ?
C. ownership rights7 N( `* m: n) U! X @ g1 `; r4 N7 k
D. type of ship used2 R# H5 z* d; l @8 l, A
3. Which of the following is or was an example of representative full-bodied money? ______.
+ t) d5 b: B8 n% z3 T: G# _ A. Debt money
1 ]1 [* L( N: ~4 I3 ? B. ATS account: t; J' ?0 e, F4 y5 e
C. Gold certificate. o! k% G) i9 o3 ?) s9 k
D. Demand deposit
4 s' t/ e' v) t4 ?8 ~ 4. Risks associated with investing in foreign countries are the following except ______.
) S1 ?: b: Z0 \6 z2 P$ t# s A. voting risk M; Q a4 b4 r$ ?7 F: R& b: K
B. exchange rate risk# d) Z! @% G! l) z% n3 b+ B
C. country risk6 V; A, R7 W5 v
D. political risk
: M9 N( h2 r9 e0 G7 s; ?8 G 5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.
( B5 C: {8 O6 ?" P% D A. Exporter; Exporter% \( m6 w, i) }! ?# R, g+ |, u
B. Exporter; Importer% D( _3 K, r4 A) z
C. Importer; Importer' ?) i2 ~3 e. k3 B) p
D. Importer; Exporter
3 o2 D) W- a2 \( \. j% {1 z! y% k 6. Default risk refers to the possibility that a borrower may ______.
4 _' I; Z. F8 f+ c; u A. be unable to repay the principal on his loan9 Q# M5 b. s5 y: O
B. be unable to make the interest payments on his loan2 e* y1 L7 f; i4 Q" H5 l
C. go bankrupt. m$ P% M/ M7 G* y6 ]3 l) F1 E
D. all of the above" f* o! }' Q; H' Z6 x
7. What is the reserve requirement? ______. r Z- h) R9 L" E* ~/ T) Y; k6 V
A. The requirement of a bank to deposit a percentage of money
( E; b& A6 {9 w( R9 h0 I B. The requirement for deposits in cash3 J9 [& S) B4 `0 G- e' y
C. The percentage of a bank's deposits in the form of cash reserves8 r) ~1 a* U. k- H' M7 k: u" ?! x
D. The requirement for cash reserves
) }% f# _, H; z0 C7 } 8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.; K5 e, T% C$ d8 u1 z5 j/ p
A. a bill of lading( k/ E7 ~$ ^- s
B. an inspection certificate
# R8 r2 Y# {3 _- s. e8 Q3 B1 r C. a certificate of origin
2 l) c4 U: q+ K D. an insurance certificate" O5 U7 O1 W9 F$ C3 z- h1 a
9. Arbitrage ______.7 J4 q/ ^2 C9 f8 G
A. is a general economic term for buying something where it is cheap and selling it where it is dear
4 Z3 V7 ^2 @9 k# B B. keeps exchange rates consistent across markets
9 f/ e9 G& R8 @0 L' ` C. has been outlawed by the International Monetary Fund
6 i# e$ e8 y- e% G D. cannot occur where there is a forward exchange market3 @. v# B' m& U* x0 e" u1 f% J
E. both A and B% g4 i, G# Q( L+ \ o- h
10. What is the purpose of comparing the ledger entries with the documents? ______.
1 I2 d/ ]9 i6 [0 m: J. e A. To prove that all the transactions have made for the right amounts
+ s, ]8 ]2 z* a+ Z6 \, _. k B. To prove that all the accounts have been posted correctly) ?8 k; m: `8 X6 w2 P/ _# e+ S
C. To check the number of all the debits and credits: ?: U& E# ~6 q; ]9 m. Q
D. To post the right accounts |
发表于 2012-8-16 08:05:44
