1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
% |7 b+ P- v) vA. imports automatically increase* ]; c# t1 g0 |) s' l6 ^ J
B. currency automatically depreciates ) b6 H" i5 `/ n
C. exports automatically decline
, a9 ~6 D1 F. r6 {. X: c+ j3 l3 XD. currency automatically appreciates
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2. Which of the following statements is not true of accounting? ______.
- {, x6 |- I8 m# L; I# L! n7 e2 VA. Accounting is language of business
" D3 I" Q3 Q3 Z& iB. The user of accounting includes business, government, nonprofit organizations and individuals.
9 u& K; z/ W* DC. Accounting is useful for decision making
: W7 q' [+ B5 E2 J" E, F3 gD. Accounting is an end rather than a means to an end l" S* U3 h& X, U1 S! _
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3. The term foreign exchange is best defined by the following statement: it is ______.
, C z. t j$ ^2 E& p1 ~& CA. the rate of exchange between two currencies
) }) l0 p3 {! iB. synonymous with currency exchange9 d m5 F# m) O O' [
C. the place in which foreign currencies are exchanged
y ^- z: v9 z& Q& }: _D. an instrument such as paper currency, note, and check used to make payments between countries
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4. What is Asset Allocation? ______.7 D) d7 K; `% l* Q( |" J5 x
A. Buying assets of different types, risks, and potential returns % B. Z, D, y7 a; q# b7 H5 f
B. Buying assets with more than one brokerage account
& g& w) J' K8 n) u3 [C. The ability to buy mutual funds
5 K3 [7 L1 t; T3 B+ J9 WD. Buying stocks for the long term
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5. External users of financial accounting information include all of the following except .
$ Y+ e, }) x/ a& j6 L3 @# X# BA. suppliers ; }- Q8 o* n7 ^! g8 s0 ~6 s: i
B. line managers
a- i3 s" E$ cC. general public
( p. V( L+ y( ?% q- c; u; w% ?* H kD. creditors
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4 ^3 Y) u8 e: Y6. CAPM is short for .6 z0 x4 `' F+ @: y
A. Capital Asset Pricing Model
$ C/ D$ R1 Y0 i$ nB. Cash Added Price Matrix
- X* @' s% u P7 ?% ]C. Capital Asset Pricing Matrix
X. |1 x% j$ G/ y* C( RD. Cost and Price Model% a3 K5 m% A- U% y, R3 z" Y
' j$ l& C2 K- Z0 @9 }3 Y7. Liquidity measures the ______.) c& i/ M1 m7 ~$ \) \2 x1 T
A. value of an asset
8 v8 F8 P- H/ Z" ]B. ease with which an asset can be exchanged # ?: Q' I9 o& O; ^
C. usefulness of an asset5 ^$ L$ s c% q# n6 B
D. economic and monetary reliability of an asset compared with other assets
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: k8 P: U* x0 h9 u3 ^& ~8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.
* _+ B3 o) }! T6 A- l/ G; PA. documents... the credit 7 M' X, N7 B6 M2 b) X K [, a
B. merchandise... the contract
( o( A8 i/ {& T1 EC. documents... the contract - g* J4 j3 e, e1 J4 [( j6 G, ~
D. merchandise...the buyer ordered
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4 l, `- A) o8 r4 `6 N, B9. A barter economy is one that does not possess _______.
3 q! K- l9 e$ `: ?/ GA. any wealth
& }/ A, u- A, ^" Y8 K" CB. printed currency
\( b- ?& p3 ~7 D) vC. a medium of exchange
n. P7 R0 {$ d2 D( a) B OD. gold% Z4 n& W1 g0 Y* C4 M
; E6 m) _: t# x1 s5 _: p10. Which of the following is not true of airway bill? ______." @+ r2 p2 a& h! F3 v+ y$ ]/ |
A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
, y! z p, @. Y: e; }1 d% Q' QB. Airway bill is a document of title to the goods% m p9 Q/ H3 U" m
C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight/ b O' e* K. F
D. None of the above* a) N$ I g5 V; c5 U3 F& K
答案:1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B |