FECTExercises2（4）

会计考友

　　61. The statement of cash flows is designed to assist users in assessing each of the following， except .
　　A. the ability of a company to remain solvent
9 I/ x% z1 t1 ?- B　　B. the company’s profitability
　　C. the major sources of cash receipts during the period
- j& W( C' J; L6 a$ O　　D. the reasons why net cash flows from operating activities differ from net income
　　62. Which of the following is a main policy tool of the central bank？ ______.
　　A. Taxation
( ^2 u& H) H2 u  t! u* p　　B. Open market operation
1 i6 A' B, _: ^& ?, @　　C. The prime rate
　　D. The money supply
　　63. Which of the following is not included in the statement of cash flows， or in a supplementary schedule accompanying the statement of cash flows？ ______.
5 c. ]. U# T: s! x" R　　A. Disclosure of the amount of cash invested in money market funds during the accounting period
　　B. A reconciliation of net income to net cash flows from operating activities
1 p% a" k( E& }/ p4 F2 [: c　　C. Disclosure of investing or financing activities that did not involve cash
* @! v4 c8 _  P$ Z, S1 j0 i6 V　　D. The amount of cash and cash equivalents owned by the business at the end of the accounting period
　　64. The yield on bank reserves is equal to ______.
8 ?0 ^$ s3 r; X0 M8 \" K1 `0 F' }, ~( z　　A. the discount rate
　　B. the prime rate
% J% h/ J& F2 C& E　　C. a specific rate decided by the central bank
　　D. 0 percent
　　65. The feature of APT that offers the greatest potential advantage over the simple CAPM is the .
　　A. identification of anticipated changes in production， inflation， and term structure of interest rates as key factors explaining the risk-return relationship
　　B. superior measurement of the risk-free rate of return over historical time periods
  ]2 }) J( i) _" g　　C. use of several factors instead of a single market index to explain the risk-return relationship
　　D. variability of coefficients of sensitivity to the APT factors for a given asset over time
; g/ O- b3 Y$ c/ d9 V　　66. In documentary collection， the exporters present the documents to ______ after the goods have been shipped.
　　A. the remitting bank
　　B. the collecting bank
3 \1 N8 C: }* d　　C. the reimbursing bank
　　D. the opening bank
' @/ Z3 f5 P6 W( k　　67. If a bank has ______ rate-sensitive liabilities than assets， a ______ in interest rates will reduce bank profits， while a ______ in interest rates will raise bank profits.
　　A. fewer...rise...decline
" K6 s) P; u1 _  Y' C5 F3 w　　B. more... decline... rise
　　C. more... rise... decline
8 q  D" a6 v# [1 I1 T8 V+ L1 g　　D. fewer...rise...rise
　　68. An L/C applicant is unhappy with the goods he receives. He is due to pay a term bill of exchange. Which of the following course of action could take place？ ______.
　　A. He is obliged to pay as the documents were in order
, D. R, q) R! w  {- D　　B. He can instruct the issuing bank not to debit him
# P  b9 l; Q* T, `. B8 D3 a% \　　C. He can pay a reduced amount to compensate for the inferior goods
　　D. He instructs the issuing bank to return the documents with a payment refusal statement to the beneficiary
3 i/ n; x* F0 H1 z' |8 ^　　69. Which of the following would be considered a Eurodollar？ .
　　A. A U.S. dollar in a bank outside the U.S.
　　B. A U.S. dollar held as an international reserve asset by a foreign central bank
# O1 M9 ]% I/ h5 E4 s$ O0 u) t  D　　C. A Federal Reserve notein the pocket of a tourist visiting Europe
　　D. None of the above
　　70. Which of the following is usually least important as a measure of short-term liquidity？ .
　　A. Quick ratio
　　B. Current ratio
' q+ }" h, [2 l. f) d; X# s  f　　C. Debt ratio
8 n! i8 H( a6 v- `+ F1 b, {& A　　D. Cash flows from operating activities