金融英语：FECT1（5）单选题

会计考友

　　1. What are the expected returns for Stocks X and Y respectively？ ______.
; W+ v2 ~8 E$ Z6 ~  C　　A. 20% and 10%
9 _4 t- j! T4 `& T$ }　　B. 18% and 12%
　　C. 20% and 11%
; r/ A  |& r& P$ o0 ^( f　　D. 18% and 5%
, v# C  J! t( W8 G" ~　　2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
　　A. Confirmed irrevocable documentary credit
7 M( H* f, G% x. u　　B. Open account
4 F9 g6 N7 Z! t　　C. Documentary collection D/A
　　D. None of the above
- F- b: h3 ]7 _　　3. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.
　　A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
　　B. Total liabilities increased by $7 000
% k% q( d7 K0 W1 L　　C. Total assets increased by $12 000
　　D. This transaction had no immediate effect on the owner’s equity in the business
* O4 |3 f  k& V　　4. Which of the following terms of payment will entirely eliminate country risk？ ______.
　　A. Revocable documentary credits
　　B. Confirmed Irrevocable documentary credits
　　C. Documentary collection D/P
5 C0 T" y) Q" g2 `8 k　　D. Documentary collection D/A
, @7 o1 z0 ^: B7 c& y8 W3 p　　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？______.
　　A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
$ j2 X# [5 b1 f: {: ~3 E& u　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
0 e* w6 K7 ~* ^　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
) D* A8 A: F9 [- M. t5 j　　6. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
　　A. 15% and 26%
　　B. 24% and 13%
: J: o, {6 Y/ F　　C. 20% and 4%
# W$ \) U1 K4 n8 C) j　　D. 28% and 8%
　　7. Who makes the first presentation of documents under a transferable credit？ ______.
　　A. Applicant
+ }, \4 I! J! O　　B. First beneficiary
# U& {2 U0 R$ I9 H! M　　C. Second beneficiary
  A; F- t+ Q( e　　D. None of the above
! U1 x* f( ^6 T0 m/ M7 V# W　　8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
　　A. repayment of a $ 10 000 bank loan
　　B. an asset with a cost of $10000 was destroyed by fire
0 M; J+ J# q: S+ r7 [7 H　　C. purchase of a delivery truck for $10 000 cash
1 J3 }3 ]9 j0 O- D. Z* T* D　　D. collection of a $10 000 account receivable
　　9. Money ceases to serve as an effective store of value when ______.
0 M+ ~! j, f8 O* C& `' Q' }* g, a4 }　　A. the government runs large deficits
8 F7 A/ M. t( b! T8 ^　　B. the unemployment rate is very high
1 }1 D; V7 \. p' r' p- v1 B! f　　C. productivity in the economy declines
　　D. rapid inflation occurs
　　10. An indication that the money supply is greater than the desirable amount would be .
　　A. insufficient spending and excessive saving
7 ~' G2 U& o. T; y/ g　　B. deflation
　　C. inadequate spending and rising unemployment
　　D. rising wages and prices