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
( E$ [  f. g4 b+ d3 F$ d# O7 U　　B. the company’s profitability
" J3 i+ P) g6 }' j* p5 O# ~. f　　C. the major sources of cash receipts during the period
+ U/ [: ?5 @; {  |6 m0 L, w　　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
6 z. H: d1 b1 ^, o/ X　　B. Open market operation
　　C. The prime rate
: h: e0 B% y+ a- V　　D. The money supply
- f% ~/ W% ^  y0 {4 {# M* H　　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？ ______.
　　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
' W& d3 g/ `, q' U　　C. Disclosure of investing or financing activities that did not involve cash
5 H% Z; N& N% m! s; X6 H　　D. The amount of cash and cash equivalents owned by the business at the end of the accounting period
0 U: |8 F' S6 X- v; l　　64. The yield on bank reserves is equal to ______.
　　A. the discount rate
" i) ^: {1 T+ |; M: X) W　　B. the prime rate
　　C. a specific rate decided by the central bank
4 j8 V: U. t7 H0 C. q* m　　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
& m/ p$ V, V5 c" `8 a0 J　　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
$ _6 J- g+ {2 P8 G( X5 ~4 Y. e% I　　66. In documentary collection， the exporters present the documents to ______ after the goods have been shipped.
9 a0 `% a1 e& {, b+ ^2 }# l& [　　A. the remitting bank
　　B. the collecting bank
　　C. the reimbursing bank
4 D+ S( }# v0 @　　D. the opening bank
0 i  ?8 K! u; L9 i6 b0 V　　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
$ r# l5 {. m- |. k5 K, b2 ~8 i8 n　　B. more... decline... rise
$ Y$ J  T( m! T5 F　　C. more... rise... decline
6 ?0 _" v0 }/ K/ B, ]　　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？ ______.
* H. {2 T0 y% K+ z; ]- i. P: x8 \4 D　　A. He is obliged to pay as the documents were in order
　　B. He can instruct the issuing bank not to debit him
　　C. He can pay a reduced amount to compensate for the inferior goods
9 J, U% {6 ]3 L3 N+ B. @　　D. He instructs the issuing bank to return the documents with a payment refusal statement to the beneficiary
　　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
: ?  n+ U& p# x2 q# X　　C. A Federal Reserve notein the pocket of a tourist visiting Europe
+ k0 ^5 `  o* F+ S2 y+ v; I　　D. None of the above
' w2 D* c/ s- y; M1 q' d) o　　70. Which of the following is usually least important as a measure of short-term liquidity？ .
　　A. Quick ratio
　　B. Current ratio
　　C. Debt ratio
0 ]0 V$ O" h) X" k$ O( h7 x  c  |　　D. Cash flows from operating activities