金融英语：FECT1（4）单选题

会计考友

　　1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system， its .
　　A. imports automatically increase
+ }2 A0 f; G! w5 P" I% n- [7 W　　B. currency automatically depreciates
　　C. exports automatically decline
　　D. currency automatically appreciates
　　2. Which of the following statements is not true of accounting？ ______.
$ O9 z' h2 X! _* y4 m8 ?: a　　A. Accounting is language of business
　　B. The user of accounting includes business， government， nonprofit organizations and individuals.
　　C. Accounting is useful for decision making
# `2 O( R& p2 J. E" i　　D. Accounting is an end rather than a means to an end
3 e8 r& `  j' |; Q1 G# }/ |9 A　　3. The term foreign exchange is best defined by the following statement： it is ______.
+ s  u5 r3 n( H　　A. the rate of exchange between two currencies
$ h, b1 ~2 g: b$ V6 L* |8 E4 t　　B. synonymous with currency exchange
! l7 k/ p: m$ @# F　　C. the place in which foreign currencies are exchanged
# _" b1 R! l* E, s' [　　D. an instrument such as paper currency， note， and check used to make payments between countries
　　4. What is Asset Allocation？ ______.
5 d8 ~5 d6 ?+ q9 ]5 E; `　　A. Buying assets of different types， risks， and potential returns
; O) f6 {# k% s) @4 h3 s0 q3 A( A　　B. Buying assets with more than one brokerage account
9 Y# [5 K1 e6 k0 Z8 i7 A　　C. The ability to buy mutual funds
) `! b/ n5 y$ I# O　　D. Buying stocks for the long term
% M" a) @7 B. O4 M# _! {. e　　5. External users of financial accounting information include all of the following except .
) W* y. y' V, n& n" L3 K( Y　　A. suppliers
0 }# ~7 J1 j3 x3 b  E　　B. line managers
  B) x2 c( j0 V4 I: d% L　　C. general public
+ L) R6 {3 |3 y8 N9 s  I　　D. creditors
  l  C0 h2 X0 e8 t8 }8 r3 c6 L　　6. CAPM is short for .
2 C& u7 ~- B$ i2 c/ E7 o% A, t( d' L　　A. Capital Asset Pricing Model
. V) I$ Y, B4 K. D　　B. Cash Added Price Matrix
% E/ w. H* Z' S% E$ K: n4 U' L  g　　C. Capital Asset Pricing Matrix
2 h' V, Z) W7 x. }1 x　　D. Cost and Price Model
　　7. Liquidity measures the ______.
* w7 r! ^3 M* D! C- Z# X# k　　A. value of an asset
) c- R/ e# ?, P* x+ T5 b" j　　B. ease with which an asset can be exchanged
' z, Z* V2 f* v1 o$ B+ K　　C. usefulness of an asset
　　D. economic and monetary reliability of an asset compared with other assets
2 h) H. I8 C7 U0 o( Y　　8. In a letter of credit transaction， the bank pays the seller against ______ which agree with______.
　　A. documents... the credit
5 f* O' P5 y: [) H8 \　　B. merchandise... the contract
& I  x; x0 R' B9 U" [5 M; Q　　C. documents... the contract
　　D. merchandise...the buyer ordered
　　9. A barter economy is one that does not possess _______.
　　A. any wealth
" I5 l5 |2 m3 v! F& X* ?) P　　B. printed currency
　　C. a medium of exchange
& N5 G# N, [* S　　D. gold
　　10. Which of the following is not true of airway bill？ ______.
5 U( m# l+ r* e% l2 ]　　A. When goods are delivered to the airline， the airway bill is signed by them or their agents as a receipt of the goods
# l5 G& B- h% y. f( Z) z　　B. Airway bill is a document of title to the goods
, E9 C, ]$ h: S+ @1 ^" `1 V　　C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
, ?, \  b# W/ ^9 B2 E7 V, h　　D. None of the above