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？ ______.
' [8 q. W) W* p7 k　　A. 20% and 10%
. J8 o  L' A# C3 n　　B. 18% and 12%
; ^4 P& q: Z8 B* L0 ]　　C. 20% and 11%
6 f) X" ?$ `2 p0 p8 `6 ^$ O　　D. 18% and 5%
　　2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
' g8 f! J& q6 S　　A. Confirmed irrevocable documentary credit
　　B. Open account
# n( @9 ~; [3 P7 D4 B　　C. Documentary collection D/A
　　D. None of the above
　　3. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.
' @) C7 ]! h. d$ ]. n　　A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
. Z: s. f2 \- L1 I1 G- h　　B. Total liabilities increased by $7 000
　　C. Total assets increased by $12 000
4 ~: X! Y: e1 _# N  {　　D. This transaction had no immediate effect on the owner’s equity in the business
　　4. Which of the following terms of payment will entirely eliminate country risk？ ______.
! x2 S' b# j; R) P; m: ]　　A. Revocable documentary credits
* I$ \4 I. g% Y+ z8 \' p　　B. Confirmed Irrevocable documentary credits
5 i" {7 I! d- P. Q　　C. Documentary collection D/P
; P, T* \" H& U2 Q　　D. Documentary collection D/A
# E+ x! X* ~4 ?3 ^9 r. U! W　　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
8 [2 U  j2 i, B& J( @" m　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
: w+ G/ C1 q4 E; v: Q- {　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
- ]  I7 f, ]3 s  _1 f6 y  s' y　　6. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
& P( V$ g5 E; s5 R; D0 d8 s  M% L　　A. 15% and 26%
　　B. 24% and 13%
' \; W3 c& N0 C# V& @　　C. 20% and 4%
* O  M3 ^7 x; \" e# @; c( l　　D. 28% and 8%
　　7. Who makes the first presentation of documents under a transferable credit？ ______.
　　A. Applicant
　　B. First beneficiary
　　C. Second beneficiary
　　D. None of the above
' M) x6 x9 v* S# z) y　　8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
% g" g# N+ l. I　　A. repayment of a $ 10 000 bank loan
; R( P9 z/ i1 T$ X; K# z$ y, ~　　B. an asset with a cost of $10000 was destroyed by fire
　　C. purchase of a delivery truck for $10 000 cash
# W. n3 Y4 H/ `, \0 \7 F7 L3 A/ r　　D. collection of a $10 000 account receivable
　　9. Money ceases to serve as an effective store of value when ______.
. C# e' g: q1 b1 ?* ~# z1 x　　A. the government runs large deficits
- A/ n: m  a; H! @) b: S0 {+ U) W5 D. E* @　　B. the unemployment rate is very high
  w; @& A# l. I, t3 |　　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
　　B. deflation
　　C. inadequate spending and rising unemployment
　　D. rising wages and prices