金融英语证书考试（FECT）Exercises-2（4）

会计考友

　　61.In documentary collection， the documents will not be delivered to the buyer until ______。  
　　A.the goods have arrived
　　B.the buyer has cleared the goods
　　C.the bill is paid or accepted
　　D.the seller says so
& i& I" x! r0 s. \# G$ n　　62.In documentary credit operations， all parties concerned deal in ______。
9 m  L6 K9 g, i- E　　A.credits
. v7 a2 W! _  _6 x, b: k" y　　B.documents
　　C.contracts
. [9 ~) q* ?1 c0 @0 P　　D.goods
  z/ W& \) ]0 m( ?　　63.A check involves______。
　　A.the writer， the signer， the cashier， and the bank
; Q9 @0 }( f# R/ _1 c+ F' s- X　　B.the drawer， the payee， and the bank
　　C.the drawer and the payee
　　D.the signer， the payee， and the company
) L) B6 |  g, f, [* t7 K　　64.Assume a bank has $200 million of assets with a duration of 2， and $ 100 million of liabilities with a duration of 3.What is the duration gap for the bank？ ______。
　　A.2
　　B.-1
3 D) V% N. a0 k! s5 W5 t4 |　　C.0.5
　　D.-4
　　65.When a central bank allows the purchase or sale of domestic currency to have an effect on the monetary base and hence on the money supply， the intervention is said to be a/an _____ foreign exchange intervention。
　　A.limited
( l4 x! P8 I% U0 o2 n　　B.unlimited
　　C.sterilized
# G6 ?, N4 {9 l　　D.unsterilized
$ y+ X8 ^+ S/ J! U4 U　　66.The shipper wants assurance that his goods will reach their destination.The bill of lading gives him this assurance.It thus serves as a ______。
　　A.contract for delivery
. ]: X* [0 H3 V% L" }$ ^, A　　B.receipt for goods
. t/ _) S3 {7 e% p1 s& w5 l. i　　C.title document
　　D.negotiable instrument
4 q0 L4 n/ N( n" d* B6 c　　67.A sound policy to combat a temporary liquidity shortage in the banking system would be　　。
　　A.an increase in the discount rate
　　B.an increase in reserve requirements
* Z9 }( C0 F9 L7 Z0 `9 y: Y　　C.a reduction in reserve requirements
/ N6 A( z) j" ^+ j1 g9 U　　D.the purchase of government securities under repurchase agreement
& A4 H! N; l+ |5 _2 [　　68.The narrowest definition of money is referred to as ______。
　　A.M o
　　B.M 1
　　C.M 2
　　D.M 3
　　69.Which of the following is the term used to describe the offsetting of the effects of intervention in the foreign exchange market on the domestic money supply？　　。
　　A.Daily intervention
　　B.Sterilization C.Discretionary monetary policy
. [$ A& z) D; x- O　　D.Discretionary fiscal policy