1. Which of the following is not a function of money? ______.) v2 s( C6 c W+ b
A. To act as a medium of exchange) X7 F, X) J7 i( [' _
B. To act as a unit of account
2 m+ ?4 N' Q( E9 e! h) p C. To act as a store of value* S$ T5 U9 k- E
D. To provide a double coincidence of wants
) j# u+ \3 `1 \ E. To act as a means of payment
) O7 i) [0 L# C' w 2. The price in the foreign exchange market is called ______.' [, D8 S+ Z/ r9 U* o% b
A. the trade surplus
/ y0 L- ]; g* @1 m: N% f B. the exchange rate
9 ~* F. u: B$ q C. the money price
0 p9 V/ Y) A; G. T( `( H* F; l: n# M D. the currency rate. g- } v: [, j. z' b
3. Market risk refers to the risk of______.3 @7 g7 k1 ~2 z. ^ M) L& g( H
A. financial prices fluctuations/ Z) k$ M. W+ i. }% }3 a: a
B. default) l6 r# @' ^& O$ Q6 K8 X
C. fraud- d4 O- o8 B! l; u. z/ b" _
D. deferred payments. a- ?: b% K6 J4 O
4. Which of the following is not among the generally accepted accounting principles? ______.
: J( g A9 L$ r+ V1 V& N* L { A. Cash basis
0 n O7 h8 `" w2 i B. Prudence( O7 f F4 E7 y
C. Consistency
3 k& \1 z9 E) q D. Going concern
. C2 H; Y( ?9 ^2 x E. Money measurement.
# c5 b. _9 U1 @6 P" P4 A& } 5. What is a documentary letter of credit? ______.
" ~) C1 g: Y. H A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
- \- K" L; f6 t! Q, C4 E5 j& f, e B. A method of lending against documentary security: h' Z) @; E8 z. j8 c) }9 E
C. An international trade settlement system biased in favour of importers! m# O5 y( R% i* D8 V$ S3 B& y
D. All of the above |
发表于 2012-8-16 08:05:44
