. What are the expected returns for Stocks X and Y respectively? ______.
$ o$ f" d4 ^- A" E A. 20% and 10%7 S! q* h4 q$ J
B. 18% and 12%
& @7 Y! J5 a* w2 I7 _. L C. 20% and 11%
1 ~0 e& A! l" m% x0 ` D. 18% and 5%. @3 z' l& Y! p5 w/ G
2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.# w( H7 {! u! p# g# L) b( x
A. Confirmed irrevocable documentary credit2 r- y* ?1 Y- d ]4 o* B% U$ G9 d
B. Open account7 S3 }+ m8 q# s" ]: p) z$ Z
C. Documentary collection D/A% t( E* k& n0 ]1 y6 Q
D. None of the above
4 g( D- J( p9 U: r& s6 J" W 3. ABC Co. Ltd. purchased a car for $ 12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct? ______.1 T8 q+ `) i( Z. n
A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent. l- y: M. u, ]2 U; C8 q" L
B. Total liabilities increased by $7 000
8 }( k3 C) m: U5 N C. Total assets increased by $12 000
% x/ L/ K. n& P V5 c D. This transaction had no immediate effect on the owner's equity in the business
# C: j6 m3 k9 m$ t, C- a3 B 4. Which of the following terms of payment will entirely eliminate country risk? ______.
9 r- s+ g* _% N3 V/ g A. Revocable documentary credits
" L; }( ]9 y8 I B. Confirmed Irrevocable documentary credits
% I9 G4 W, Z; r; q7 Y; K C. Documentary collection D/P
3 f' Y8 n. _2 c4 y" ^ D. Documentary collection D/A
' ~8 u9 S5 e) B2 o 5. The expiry date of a documentary credit is Sunday, 24 February, and documents have to be A presented to you. Which of the following is an acceptable presentation? (Assume there is no latest stated date for shipment stipulated.) ______.% V+ c8 |3 I! X1 R8 ^
A. Presentation to you on Monday 25 February with the bill of lading dated 25 February4 U* E+ a2 {) T& x- ~$ i( X
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February% i X; Q8 E1 F4 ^& c2 b
C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
# k0 n6 c1 U$ A4 w/ ~% }& F$ \0 a D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
* g" |( Y/ [% L- L$ t( N, y( ?, t- M5 A 6. What are the standard deviations of returns on Stocks X and Y respectively? ______.4 i6 u# X8 V) \5 A# o: v; K# x3 Z
A. 15% and 26%
) [- W: R1 O4 m B. 24% and 13%
8 O/ s7 K8 l# v C. 20% and 4%
) P9 X$ p1 ~% |+ t W$ c6 P- |. ? D. 28% and 8%4 ]( Q) e; V) p! h
7. Who makes the first presentation of documents under a transferable credit? ______., J+ k! f; N" C7 E- n9 ~/ `
A. Applicant4 v! w/ `+ e" ]0 v$ B+ {8 {% w& _# U
B. First beneficiary
( I7 j+ f k- E6 x0 x$ }* E! v C. Second beneficiary% |$ }; |3 f! o& O0 H+ I
D. None of the above
8 ~" T- a4 ?4 ?8 T" N 8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.. u2 D6 }! l+ @: R o3 T) U+ a, u2 [
A. repayment of a $ 10 000 bank loan9 g6 J) f2 q3 R0 c5 ]. G( n$ g i- m
B. an asset with a cost of $10000 was destroyed by fire. Z. M7 D2 Y# @+ e; e$ X5 _: R3 \: X' i
C. purchase of a delivery truck for $10 000 cash/ y3 S( W. u/ Y- w* p( @" J
D. collection of a $10 000 account receivable; }2 V: n# S% k1 ?" s; [
9. Money ceases to serve as an effective store of value when ______.
1 L# U" t: b( k% X0 k A. the government runs large deficits1 o) n+ D) L7 g; z. i# X+ C Q: `
B. the unemployment rate is very high8 L2 k( v" k: y1 [5 |0 {( z9 d5 F
C. productivity in the economy declines# n/ G# h* c9 b
D. rapid inflation occurs7 {# O- c( f2 ~9 ]1 u0 R
10. An indication that the money supply is greater than the desirable amount would be .
8 y% s! q: V: n% d( D5 ` A. insufficient spending and excessive saving
) n! g* v: _) B! q" h B. deflation
: s! G9 x/ E8 c C. inadequate spending and rising unemployment- X# h6 f% L* t$ K( t
D. rising wages and prices |
发表于 2012-8-16 08:05:44
