金融英语FECT（二）

会计考友

71. When the Japanese yen appreciates, then we might expect (everything else equal) that imports in Japan will ______and exports will______.
4 T; P/ N! O7 }A.rise...fall                  
B. rise...rise C.fall...fall                    
D. fall...rise
; ~% V+ r4 T. A72. Which of the following statements is correct? ______.
A. A change in the discount rate usually precedes changes in reserve requirements
+ v3 L' g. Z+ U: W! Z+ L5 CB. A change in the discount rate usually confirms policy changes
9 u0 V. `5 [4 f! q& ^1 @. JC. A change in the discount rate usually initiates a change in policy
D. The discount rate usually moves in the opposite direction from other interest rates
73. When borrowers know more than lenders about the future prospects of a project to be undertaken with borrowed funds, the lender faces the problem of______.
- r1 N+ j8 q5 p: ~- k) }A. moral indignation         
B. default risk C. free riding               
D. asymmetric information
6 o7 Z+ }; C1 Y- a% ^+ a74. If a company's current ratio declined in a year during which its quick ratio improved, which of the following is the most likely explanation? ______.
" d. \7 X2 [$ h) kA. Inventory is declining
9 _5 i( C' q; ZB. Inventory is increasing
0 Q4 v( T: b' k: |" lC. Receivables are being collected more rapidly than in the past
D. Receivables are being collected more slowly than in the past
' z! a( ^0 [, f6 a: y* ?. @75. A stock has a beta of 0.5. What does this mean? ______.
A. The stock will fall on average by half as much as the market
' Z8 V  |0 \# c6 u* d9 u7 WB. The stock will fall and rise by twice as much as the market
$ v4 O, w% \( \0 S' w* EC. Every time there is a price movement, the stock will rise or fall by half as much as the market
1 }$ {' M; N9 |5 s2 N- ^0 OD. The stock price change will on average be half as much as the market price change
- ?/ A5 Y. G+ C8 |! l% U) m( K76. What does P/E Ratio stand for?           .
A. Public Earnings Ratio     
B. Premium Earnings Ratio
C. Price Earnings Ratio      
  V+ T2 E$ Y6 m  @5 p9 xD. Private Equity Ratio
3 `8 I* t8 ]$ y: l& |8 B* J77. If the central bank wishes to increase the level of bank reserves temporarily, it should           .
A. purchase government securities outright
B. raise reserve requirements
C. buy government securities under a repurchase agreement
D. sell government securities under a reverse repurchase agreement
78. Which of the following business strategies is most likely to increase the net cash flows of a software developer in the short run but to reduce them over a longer term? ______.
9 w5 v7 I8 s, P1 a" q5 aA. Develop software that is more costly to create but easier to update and improve
B. Lower the price of existing versions of products as customer demand begins to fall
2 m- o* W. `) T- aC. Purchase the building in which the business operates (assume the company currently rents this location)
6 X+ T& `( _" `  C0 N* R% h& fD. Reduce expenditures for the purpose of developing new products
3 B1 z7 E+ t6 y79. Exchange controls require the government          .
A. to ensure that the foreign-exchange market is perfectly competitive
1 J# m5 d) R2 d% G1 l3 IB. to stop buying foreign exchange
4 h+ \. `9 s, ], q% LC. to sell more foreign exchange than it buys
( u) t: @+ \4 I+ b2 z! u5 ?$ {* R4 {D. to balance inflows and outflows of foreign exchange at the current exchange rate
80. See the following diagram:               Bank A  AssetsLiabilitiesRate-sensitive$20 million$50 millionFixed-rate$80 million$50 millionIf interest rates rise by 5%, say from 10% to 15%, bank profits (measured using gap analysis) will ______.
A. decline by $0.5 million         
8 V1 @: d% b8 T( p3 nB. decline by $2.5 million
C. decline by $1.5 million         
8 I" h$ C- f9 E: xD. increase by $1.5 million
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