FECTExercises2（5）

会计考友

　　81. In documentary collection， the documents will not be delivered to the buyer until ______.
　　A. the goods have arrived
) f7 f! r3 r9 v7 L/ k5 T　　B. the buyer has cleared the goods
　　C. the bill is paid or accepted
　　D. the seller says so
　　82. In documentary credit operations， all parties concerned deal in ______.
: Y, G7 W4 D/ Y/ s  B' ^6 W/ {　　A. credits
　　B. documents
1 C0 h) R5 z1 a! I( m7 V　　C. contracts
　　D. goods
　　83. A check involves______.
　　A. the writer， the signer， the cashier， and the bank
4 z0 l1 k7 k5 w6 ~' f　　B. the drawer， the payee， and the bank
& \. K6 b; U3 i" R　　C. the drawer and the payee
　　D. the signer， the payee， and the company
3 T# P8 G, ~. Z8 E4 t$ v5 h　　84. Assume a bank has $200 million of assets with a duration of 2， and $ 100 million of liabilities with a duration of 3. What is the duration gap for the bank？ ______.
# i; M) M/ b! |; @. p( A6 b　　A.2
3 c+ |6 s; [' N　　B.－1
) @4 k  i; H3 I9 q　　C.0.5
　　D.－4
　　85. When a central bank allows the purchase or sale of domestic currency to have an effect on the monetary base and hence on the money supply， the intervention is said to be a/an _____ foreign exchange intervention.
　　A. limited
/ ~1 ?$ H( g( [) K' C( S6 [　　B. unlimited
2 j8 {3 m) Z; t) N. s  l/ C　　C. sterilized
　　D. unsterilized
* v. G2 P+ i+ d# O% f) ^1 g　　86. The shipper wants assurance that his goods will reach their destination. The bill of lading gives him this assurance. It thus serves as a ______.
7 L! ^0 ^" `& Z6 |" n$ Q7 R( M9 u- l　　A. contract for delivery
% z  o4 `3 p1 H/ i　　B. receipt for goods
6 O! a5 f. q5 x, b. w　　C. title document
　　D. negotiable instrument
( ^% g% C4 E2 i" @" E4 ?" [　　87. A sound policy to combat a temporary liquidity shortage in the banking system would be .
　　A. an increase in the discount rate
+ O; ?+ s- {2 c8 ~' f; I; w6 J　　B. an increase in reserve requirements
, X0 B9 a1 ?* p& I* r3 j　　C. a reduction in reserve requirements
. d# |5 b2 o+ U; x　　D. the purchase of government securities under repurchase agreement
　　88. The narrowest definition of money is referred to as ______.
1 T; _# L# M0 x! B- B　　A. M o
3 n: U% k3 v- |# |6 B  V1 @# M　　B. M 1
2 E9 |2 B( \$ N! ~6 U　　C. M 2
　　D. M 3
& y# _! N( z: w3 h, B　　89. Which of the following is the term used to describe the offsetting of the effects of intervention in the foreign exchange market on the domestic money supply？ .
; U. j( U4 p7 F# E- e) r2 }　　A. Daily intervention
　　B. Sterilization C. Discretionary monetary policy
, E. A- c, |5 H3 G0 T! F+ t　　D. Discretionary fiscal policy
+ ^$ s% C5 c* z4 F( ^  N. ]　　90. Under a fixed exchange rate system and freely flowing capital， .
　　A. fiscal policy is ineffective
# g, U! R; b- t+ d, q  K　　B. monetary policy is very effective
( r0 z1 S+ t6 U3 A" Z1 Y　　C. the supply of money is very important
2 a; }: \! X8 o9 x　　D. monetary policy is ineffective