1. Which of the following is not a function of money？ ______.! H$ g* x' L( z7 ^$ l, R6 d. g) L
A. To act as a medium of exchange) p9 h1 z1 u( B& l$ e' t
B. To act as a unit of account
]% W* m$ }: o2 @ C. To act as a store of value* L( m! @" k) P9 u
D. To provide a double coincidence of wants1 `8 z. C; p i/ V- c4 i7 m2 k
E. To act as a means of payment
1 _ x3 q/ H" E3 Y) j: f" C 2. The price in the foreign exchange market is called ______.
" t, k( B- \; d7 V J A. the trade surplus h2 t% o( X& c5 ]
B. the exchange rate8 ]! W4 z2 _' S# q& k
C. the money price
# f# @# R. v3 I D. the currency rate
5 F0 a/ g. V7 K1 _9 g 3. Market risk refers to the risk of______.
; g% _; O9 x; [ m A. financial prices fluctuations
: l9 `/ [+ B3 l5 W% C" ?, E4 ` B. default
; W% ~0 l1 l4 G: K8 e C. fraud& Y1 _7 K: o+ O2 j
D. deferred payments
0 m& F% I$ {8 z+ }5 T ? 4. Which of the following is not among the generally accepted accounting principles？ ______.
6 N9 P: {- Z8 B1 W) u A. Cash basis* @ X4 ?' ^9 [1 m+ j& b3 t
B. Prudence
; A/ K2 K \2 R# U" L* a, } C. Consistency
~2 P, ~3 k4 e3 T2 z D. Going concern
7 Q O- M. ~5 I0 r, B+ @ E. Money measurement.
6 f4 h4 j3 x" b n; T 5. What is a documentary letter of credit？ ______.! Z2 `8 M. e3 Z3 q# T' g
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
3 a2 I6 V* J4 X6 {9 w& X" u/ R B. A method of lending against documentary security
) b) z! o7 o# N* [, Q C. An international trade settlement system biased in favour of importers
- E& U3 }4 O# w1 h D. All of the above$ i* H+ N5 G/ \- J3 Y$ E7 a
6. Holding a group of assets reduces risk as long as the assets ______.
$ e0 b G* L% u+ f( W5 ~7 z A. are perfectly correlated
4 N9 U. T0 U5 Z- h6 [: G' f. ^ B. are completely independent
0 k I# p5 p8 a7 e. u+ K9 R C. do not have precisely the same pattern of returns
* M. p; z, R; n4 ^0 Y# G D. have a correlation coefficient greater than one4 j. F# T( l* p, z
7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an .
& j. }/ d1 K6 L3 Z! T A. liability' `: \% y }7 e7 `) K
B. debt
. v2 N; s( E1 @) r8 ~% d2 w z C. equity2 B7 B- R7 ]7 T/ b" k# @
D. asset% v# t3 @* ^, |4 M8 D; Y
8. What function is money serving when you buy a ticket to a movie？ ______.
. m$ e, i: w" i$ g A. store of value" F# A, G# V" W9 x" G* e% P
B. a medium of exchange
4 k3 Z/ K$ B$ V* y$ n I, M/ M! C C. transaction demand
8 E% A0 z E- g, q) f D. a unit of account- B9 w5 f: o7 h% T F1 T* t5 E3 E
9. If foreigners expect that the future price of sterling will be lower， the ______.
! P; m8 E5 u+ P3 c( T* J0 R1 c+ y A. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall
/ ?- d; @5 l* j/ ? B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase2 Z q! w) U7 Z1 h |8 F
C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise6 r* e' s2 G" u5 u4 {, @
D. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall0 A- Z' m* Q' `
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.3 @$ H7 ]7 G; k# S9 M6 Y
A. open account
/ w- d3 ?. ~0 V6 \ B. bank’s letter of guarantee9 I4 w( f! B( c0 u8 w: [! g# G) ?
C. banker’s draft% A: |" J5 y) o8 M3 Q) @9 p
D. documentary credit) I5 M" R$ Z9 H: k/ O! Z; ~
11. Which of the following statements is not true of central banks？ ______.7 L: d9 h" K6 C! [( C# Q5 V0 ?8 C
A. They pay the government’s salaries
6 J; v7 T" p9 b- x6 O0 g" b# j B. They always undertake the regulation of the banking system
- h0 _6 o( r" g1 q1 U2 }1 O# m, w& z C. They are always the lender of last resort5 `& j2 V' u7 x6 q3 x* @
D. None of the above
' i7 D8 m2 h4 N0 d 12. When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar ______., m* A) O7 P( {$ z0 U5 B8 j: @2 ~8 ~+ u& R
A. appreciates by 12.70%
( h7 `% `: v# M# n! a, m. j, f B. depreciates by 14.55%% e. T& |& J: C h
C. depreciates by 12.70%
$ R: C [5 I9 w: |: L D. appreciates by 14.55%
" }1 J. @$ A0 Q; r 13. According to diversification principle in investment， suppose you invest Stock X and Stock Y with equal funds， which of the following is not true？ ______.
, p2 {* R$ E1 v4 g! p/ L* a5 i5 F A. If X and Y are totally independent with each other， the risk of the portfolio is reduced
7 `( a3 E7 A9 o/ q9 L B. If X and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offset
- ~) Y, X, W. h. |+ B0 d4 N C. If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increased
; @$ m; Z# Z; d; ?* S- K1 p3 s( { D. If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased
! _$ T9 I# |8 b6 N* l% p 14. These are four main methods of securing payment in international trade：5 O) k) V* v+ X+ x& n: Z# ]
payment under documentary credit
. r# N8 d) o4 J open account
% J# x6 R( e8 h0 q collection， that is document against payment or acceptance of a bill of exchange; n. ^7 E {/ b$ z5 L, P6 c' N# k
payment in advance
! ]0 v" r& l5 J From an exporter’s point of view， the order of preference is ______.
7 \* x* v- P% h- x A.，，，# Y0 Q5 w/ E- K* V% Y; t
B.，，，
Y4 [3 @0 p3 U w C.，，，
. n% L) ^0 b6 k' g$ ^. p D.，，，* b3 f R5 h+ r
15. The main liability on a bank balance sheet is ______./ b1 B: T- ]% x# q7 m" U
A. deposits
5 u8 J/ u- e3 e B. capital and reserves7 |3 X* f' g. C8 t0 m
C. loans and overdrafts
% ~) I5 w: I, f( Q1 c" i D. cash% e9 y9 w5 H. T2 _
16. ______ shows that net income for a specified period of time and how it was calculated.
2 d0 Y+ i) F7 t4 J# R0 W A. The income statement
6 `0 f( k* n! V) a! Q" G B. The capital statement |
发表于 2012-8-16 08:05:44
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