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? ______.
6 w; ]: q8 {# q. RA. Presentation to you on Monday 25 February with the bill of lading dated 25 February1 H% r/ }- _& e/ J
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February. k2 r: l C) F$ d+ V
C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February" h* _) Z. J* O- ^; m: k1 _, @4 S! Z
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January. O( W" f7 r; A! B, J0 B
. t( |1 k) P' T8 B9 u7 g: r& S @% d6. What are the standard deviations of returns on Stocks X and Y respectively? ______.
$ }4 ?* N+ G! ]# x0 wA. 15% and 26%
) ~ S: n7 q$ xB. 24% and 13%
6 |5 x, ]- s. e" C ^2 b5 F' W! F2 tC. 20% and 4%
3 `! p/ }& {1 x- k) E' c4 T# KD. 28% and 8%5 w( \; p+ r+ s( {; w* X
% v" @7 D& b) r& z* C* Y
7. Who makes the first presentation of documents under a transferable credit? ______.1 |7 b" }7 O6 J) A
A. Applicant 5 @0 E. [5 P8 D& F; `
B. First beneficiary
* b d5 K9 L( |! X {+ ?C. Second beneficiary
$ e" P1 r4 p n- G p& M9 ZD. None of the above3 I+ Z0 @0 a" d2 m! V, z' j
0 l0 v9 m5 ]: [5 R- }
8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
: O" b% d) d# Q1 b1 n2 H8 eA. repayment of a $ 10 000 bank loan 2 `2 B. T0 l A% @: a( X4 ]
B. an asset with a cost of $10000 was destroyed by fire5 M i6 P& o. j* a" ?3 B1 c6 D
C. purchase of a delivery truck for $10 000 cash
& g9 ]4 G- N6 Q3 gD. collection of a $10 000 account receivable% f! B, J& z8 k& a: L/ |* _( `
# O5 F9 W d A
9. Money ceases to serve as an effective store of value when ______.5 D; ~( G# ]; |% f* K
A. the government runs large deficits
y M8 \# l0 h" p' T% g6 eB. the unemployment rate is very high& ~0 }% Q: ]8 c1 _5 P: m1 V/ X2 P
C. productivity in the economy declines
8 h o% N* S' s! m3 ^: ~D. rapid inflation occurs7 _) T# E1 [( k2 ~3 c
! O4 X$ w# S0 J( i' E: t" p3 h. [10. An indication that the money supply is greater than the desirable amount would be .
) d p* S, I( \A. insufficient spending and excessive saving8 D/ V6 T0 t+ i+ X% v+ Q/ f; f
B. deflation
8 u1 g; s7 I* C; a( s, CC. inadequate spending and rising unemployment
8 P1 @6 z8 |% s( cD. rising wages and prices |