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8. Individuals will accept the medium of exchange in return for goods and services only if they are confident that ______.
3 W2 _5 z; V9 i. s* d. ]* OA. the inflation rate is zero
$ a# |+ `" v. JB. it possesses intrinsic value
+ h+ g. H6 d0 F R# KC. they can pass it on to others + }9 X }2 J& F; Z- J, d$ s
D. they can exchange it for gold
Q# A( \2 U/ ~$ e4 q s1 \9. When a country’s currency appreciates， the country’s goods abroad become ______ and foreign goods in that country become ______.
3 ^, K# G. Y2 w" D' Y2 pA. cheaper... more expensive
6 p. Z# g% Q! j7 d1 B. G; F9 @B. more expensive... cheaper & }( L- D& U; d1 K$ Q
C. cheaper...cheaper
~: S" Y D& U, S( ]- e: UD. more expensive... more expensive ; |2 C* w2 q5 l: `/ K" h
10. A US company is bidding for a contract in China. Its Chinese customer asks for a performance bond. What is the most likely course of action？ ______.
( |4 J# y+ t$ x3 W% K' BA. It asks its bank to issue a tender bond which can be converted into a performance bond
$ U) g: K% I9 b3 m3 UB. It gives up its bid C. It consults its bank about issuing a standby letter of credit
4 P, w% v/ R, f8 `8 qD. It asks its bank to issue a performance bond 3 X' U; K6 j" H7 V& ~6 \
11. ABC Co. Ltd. has a $3 500 account receivable from XYZ Store. On March 20， XYZ makes a partial payment of $2 100 to ABC. The journal entry made on Mdrch 20 by ABC to record this transaction includes ______. ; O3 G9 M% Z: C
A. a debit to the cash received account of $2 100
% Q- ^8 Q! Q% s" s6 P4 V. N: XB. a credit to the Accounts Receivable account of $2 100
) i. R, d& q5 Z6 ]; _/ \/ oC. a debit to the Cash account of $1 400
9 [5 D" A, I: s" i M4 @D. a debit to the Accounts Receivable account of $1 400
# I1 ]" n: t8 _+ j4 ?; ]12. Intervention in the foreign exchange market means the government ______. ; |& D$ B6 j) r6 _4 e! k
A. restricts individuals from buying and selling foreign exchange
' P) l, f8 n! d& S; L r' jB. restricts the importation of certain goods
' i+ c/ I7 C5 ~4 ~5 _& gC. or central bank buys or sells foreign exchange
; I* c8 D' |4 O+ j6 _& A7 p. eD. devalues the currency in the foreign-exchange market
2 {# P! D- B% y2 ?6 q. o9 r+ Q, P13. Which of the following is not a form of countertrade？ ______. ( L0 H3 r; o9 a7 n9 U
A. Counterpurchase
/ {; O$ O8 O% }, u9 R0 q4 hB. Buy-back C. Offset
) _4 r- W, \" `- g% K ?D. Balance trade $ v9 {$ y: ]4 j; }, }8 _
14. A credit to a revenue account ______. " p$ E. X* y1 S) t* L2 Y/ @
A. decreases revenues $ C! n( a8 m3 s+ m
B. increases equity
) m. [$ G( |5 yC. decreases equity ; n+ a4 F; R* ~+ s; i9 T
D. increases assets |
发表于 2012-8-16 08:05:44
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