金融英语单选题—FECT（4）

会计考友

1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.
; o$ \# J0 c) @6 TA. Import of goods priced in a foreign currency
7 L* e) E  z0 T/ [$ X) y7 [B. Import of goods priced in RMB
C. Export of goods priced in RMB
8 `: P& u. v8 hD. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
. N$ ^2 r% W4 w4 L" M" v/ ~3 {3 A
1 P2 |% ^; C- i2. Incoterms address ______.
A. the risks of loss between the parties
B. breaches of contract
8 \) P8 V4 D& _" |/ q" ^C. ownership rights
D. type of ship used
6 S' p8 R, V' n$ z( [1 P( L$ U
3. Which of the following is or was an example of representative full-bodied money? ______.
( P6 h9 v: s- c, x, DA. Debt money
B. ATS account
C. Gold certificate
, i* ~; }2 M- {7 Q( c7 V" ]1 \D. Demand deposit
1 s  P8 @& B! Q# L
* {1 a) `. K( _& R, E4. Risks associated with investing in foreign countries are the following except ______.
! l& g$ W( z; p) \A. voting risk
2 A1 o* e! A1 {7 X% ?  aB. exchange rate risk
C. country risk
8 c) V/ M# ]6 d# C4 BD. political risk

! g, Y) V) t) V* w3 Y5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.
A. Exporter; Exporter
B. Exporter; Importer
- k( E$ g% M6 r; ^* ?. Q" qC. Importer; Importer
D. Importer; Exporter

6. Default risk refers to the possibility that a borrower may ______.
8 u. C" j7 p# m8 ?6 z8 ^) _A. be unable to repay the principal on his loan
B. be unable to make the interest payments on his loan
C. go bankrupt
) O2 g* `3 q/ S( kD. all of the above

7. What is the reserve requirement? ______.
A. The requirement of a bank to deposit a percentage of money
) T3 Z6 U2 M, p* \: l$ J1 kB. The requirement for deposits in cash
! G( [2 t! F( LC. The percentage of a bank's deposits in the form of cash reserves
! U. P" Q* D& b6 b" TD. The requirement for cash reserves

8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.
& c; Q& B: m( S) E! bA. a bill of lading
B. an inspection certificate
* H- t0 Z7 L8 c. X; e! b# h( d. qC. a certificate of origin
D. an insurance certificate

- `2 w1 U+ s7 \9. Arbitrage ______.
) b5 Z) P8 f8 T& B5 g* ]A. is a general economic term for buying something where it is cheap and selling it where it is dear
+ T1 R1 T$ @( k. SB. keeps exchange rates consistent across markets
3 B2 j! V) J' n- ^$ T0 `3 S. BC. has been outlawed by the International Monetary Fund
' @6 O0 i6 T' f* }0 f) {& _& [D. cannot occur where there is a forward exchange market
- D, g( T- y+ M, U6 Q( P) lE. both A and B
: {  z* x5 K: @% b: I
10. What is the purpose of comparing the ledger entries with the documents? ______.
% @" P; O; s- b+ V8 C: KA. To prove that all the transactions have made for the right amounts
7 v; D; Y& R4 R  j3 D, V) g7 k9 @B. To prove that all the accounts have been posted correctly
# d6 W& b' s* k4 p, |9 K; b$ |$ `C. To check the number of all the debits and credits
( H7 i' c" B( C( O- q  t9 eD. To post the right accounts
答案：1.A 2.A 3.C 4.A 5.D 6.D 7.A 8.A 9.E 10.B

会计考友

11. What is Dollar Cost Averaging? ______.
3 C; q# c" E- uA. A brokerage account that gives investors cheap trades
, G$ }0 A# J, W' v7 r8 @( CB. The idea that prices tend to rise over the long term
( h6 F* ^+ s% z2 u  p% f* iC. Buying stocks that are below average in value
D. A flat quarterly mutual fund fee averaged throughout the year
) O8 M3 J* U& B6 e3 m& X0 LE. A strategy of investing money on a regular basis to take advantage of market fluctuations
( S/ y  Y; l8 m% \9 Q$ A& G# `3 j
* s/ b- z2 Y- u5 @6 `; h12. From a Chinese bank's point of view, the currency account which it maintains abroad is known as______, while a RMB account operated in China for a foreign bank is termed ______.
A. a vostro account... a nostro account
7 u9 }$ b0 u6 }! s1 d) O; mB. a vostro account…a mirror account
/ l# j9 Q; K2 g9 mC. a mirror account…a nostro account
D. a nostro account... a vostro account
; J6 O/ r. P) G/ r- v
0 c, m% Q2 N: W/ y9 |% |7 N, G# O13. Under FOB terms the bill of lading would state goods ______.
5 F( {: _' B5 F- x2 g- z# x7 dA. loaded on board, freight payable at destination
B. loaded on board, freight paid
9 H8 T; N3 Q; u- KC. received for shipment, freight paid
8 a# X" ~) P7 o% oD. received for shipment, freight payable at destination
# `* Y3 E; V1 k- }
14. The liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business.
# b, Q: E$ [5 ^$ q- E' PA. sources of the funds
B. share capital
9 ]" B  f5 t0 |' z/ wC. investments
D. advances to customers

& j& @# D$ o- n& D' k; S" P2 E# u15. International payments and other messages are often sent through an international computer network called ______.
A. CHAPS
B. BACS
( r( G, Z- {! a' c: hC. SWIFT
- n' u# z/ X# \, k. lD. EIMT
# d9 T% R+ X0 h- v  r
+ }1 e1 \/ u; G5 |8 Z4 S' C3 W" j16. Low levels of uncertainty (risk) are associated with .
- T. b2 K) P9 Z4 F( [2 K5 |2 L" x! ?A. stocks
B. stock options
C. higher potential returns
D. lower potential returns

17. Government securities would appear on a commercial bank's balance sheet as ______.
: ]$ L  o6 W& ?. Y' B* Y3 u4 [A. an asset
B. reserves
# l# J% Y5 V% CC. part of net worth
D. a liability
  V) p! v7 ^6 c0 \$ N' K
18. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
5 u* D/ M3 ^$ f( xA. there is no self-correcting mechanism
; h' W, j3 d9 A9 ^' {' X& i6 l- w* XB. currency values become unstable
C. the value of the reserve currency declines
( D2 q( m% w( C7 ~& v. Q* CD. world inflation increases

19. In a particular economy banks are required to keep 25 percent of all deposits in the form of reserves; this gives a credit-creation multiplier of ______.
( _: Q7 W& H' v9 v" q2 A  VA. four
2 z6 w' L1 X- r/ ~( \B. three
C. two
/ D; V  Y; G2 L* t! B* I; n" OD. five

  f1 `, l  P6 R* E+ d20. Regulation of the money supply and financial markets is referred to as ______.
A. fiscal policy
B. income policy
9 c7 v0 Q4 ^/ M0 D  aC. monetary policy
, K$ |/ s3 G; D5 ED. budgetary policy

3 d* `& r4 ]5 _答案：
11.E 12.D 13.A 14.A 15.C 16.D 17.A 18.A 19.A 20.C
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