金融英语单选题—FECT（6）

会计考友

1. What are the expected returns for Stocks X and Y respectively？ ______.
A. 20% and 10%
B. 18% and 12%
C. 20% and 11%
; `7 A2 P* \% f+ @9 K; X( BD. 18% and 5%

5 ]5 z8 u2 [5 {! ?; S2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
A. Confirmed irrevocable documentary credit
$ w& w* ]# n% J5 H4 N2 h# RB. Open account
& N3 u7 w8 N' ~( v3 b3 @4 P: bC. Documentary collection D/A
D. None of the above

' x( g) M+ z0 u" L0 H" f3. 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？ ______.
3 h& x; P' d) |5 V) n4 M6 IA. From the viewpoint of a short－term creditor， this transaction makes the business less solvent
B. Total liabilities increased by $7 000
* r. T& R$ L: W( \4 y# \) W  iC. Total assets increased by $12 000
1 I- q0 n8 C9 J* W+ J5 xD. This transaction had no immediate effect on the owner‘s equity in the business

' N0 G. I) ~% i4. Which of the following terms of payment will entirely eliminate country risk？ ______.
A. Revocable documentary credits
B. Confirmed Irrevocable documentary credits
2 ~- j# L1 T, C8 IC. Documentary collection D/P
* B4 z5 x/ ~4 _( GD. Documentary collection D/A

会计考友

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？ ______.
: b1 G6 s( t  E& O% eA. Presentation to you on Monday 25 February with the bill of lading dated 25 February
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
+ x6 x+ B  d/ l7 `4 e$ rC. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
  i2 Q8 U- O# u9 fD. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
5 j- _- K4 i- d- V1 k! u
6. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
A. 15% and 26%
B. 24% and 13%
- O6 V% F' R# F! }! x) QC. 20% and 4%
D. 28% and 8%
- i$ z6 z' T. n' |8 e0 W- Z
6 ~4 ]& V- j4 N4 A+ ^& ]! e7. Who makes the first presentation of documents under a transferable credit？ ______.
A. Applicant
' g( p8 |  A1 `" d2 }  FB. First beneficiary
+ m& V: @' A3 ~C. Second beneficiary
D. None of the above

9 [* [2 s: E1 y8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
A. repayment of a $ 10 000 bank loan
B. an asset with a cost of $10000 was destroyed by fire
+ p) m0 p8 ^8 ]) W, {C. purchase of a delivery truck for $10 000 cash
D. collection of a $10 000 account receivable
. W- m2 h1 D8 c% V% c, G
9. Money ceases to serve as an effective store of value when ______.
A. the government runs large deficits
9 k4 w9 e* q" M) ?B. the unemployment rate is very high
C. productivity in the economy declines
D. rapid inflation occurs

2 u6 r+ I  Q# q/ e6 s4 T+ D10. An indication that the money supply is greater than the desirable amount would be .
8 o; G& @# {. t, E0 N- ?, CA. insufficient spending and excessive saving
B. deflation
" b# F* ?: e$ J0 ^" `* p4 EC. inadequate spending and rising unemployment
( p# J7 o# C6 u7 dD. rising wages and prices