11．ABC Co．Ltd．has a $3 500 account receivable from XYZ Store．On March 20， XYZ makes a partial payment of $2 100 to ABC．The journal entry made on Mdrch 20 by ABC to record this transaction includes ______．6 l! a- @, N% h% Z- {* P! t
A．a debit to the cash received account of $2 100
: P1 R+ G5 @- f1 Z7 m B．a credit to the Accounts Receivable account of $2 100' ?1 P/ S. U: X- p
C．a debit to the Cash account of $1 400& F! C0 L1 ]6 N3 j
D．a debit to the Accounts Receivable account of $1 4008 ]) y5 {& E6 a* ?
12．Intervention in the foreign exchange market means the government ______．
i; h/ K# q( B' ?2 V' H A．restricts individuals from buying and selling foreign exchange6 s8 G" u( J8 P7 Y4 D/ N( N
B．restricts the importation of certain goods
- i7 I: E) M% M C．or central bank buys or sells foreign exchange9 R) X/ Z0 ^: d: G+ v5 s: x* P( w
D．devalues the currency in the foreign－exchange market
( h7 C, u2 u1 n) A2 ?2 P 13．Which of the following is not a form of counter trade? ______．
! q2 J5 w/ {4 V4 X: w A．Counter purchase1 I; g) d; v4 k+ V5 L. H [
B．Buy－back C．Offset/ \: _+ f* K$ r" y# A( S/ r9 F
D．Balance trade4 F1 W8 o' r+ S" G5 y7 X
14．A credit to a revenue account ______．
( R* O3 X3 ^( L- y: e" K6 q A．decreases revenues9 \, e7 v: h; z# Y7 K0 }$ Y" ]
B．increases equity- T, F& w4 }) _9 A, D
C．decreases equity* m( _, o$ p, u: j& O
D．increases assets$ l" a' m2 v! r( \
15．If the government guaranteed that anyone wishing a job would be provided one， the likely result would be ______．" l% W, f/ g9 R7 O1 \
A．massive layoffs& y1 f# K; e6 a7 R+ W$ h5 P
B．an increase in the money supply6 E( l+ S q O& i
C．an increase in inflationary expectations! I& f# n- w% I7 E4 t" d
D．the development of a barter system转贴于 265考试网 http：//www．265ks．com/) P9 ^) m/ [- i; K8 `: ]$ u! S
16．Given $100 000 to invest， what is the expected risk premium in dollars of investing in equities versus risk－free T－bills（U．S．Treasury bills） based on the following table? ______．9 x3 ? X% h/ W6 ^
Action Probability Expected Return
1 a) w. E+ y7 G6 i# K. T0 A Invest in equities0．6$50 OOP
* Z) E$ J' m+ l3 _0 o) e" E/ Y 0．4－$300000 i R" c( D+ @2 x) Y
Invest in risk－free T－bill1．0$50006 x+ m: o2 f* S4 F
A．$20000 Y, ]1 ~2 K$ A6 W" W
B．$18000
" M9 e/ R' ]! {& ~7 m5 i$ W C．$15000+ c, S# z7 r& R7 `
D．$13000/ V! V6 N, T9 x: W1 J- _
17．Economists assume that most people take risks ______．
1 S5 J. \6 w! S8 J j' ]7 J A．because doing so is exciting
7 e/ [! Q$ ^# C" p5 i B．only when they have no riskless alternative
0 |6 C& j2 O7 y" Q! [. P4 e C．very infrequently8 o i# B# V" y1 _! d% O
D．if they are compensated for taking the risks
0 B3 D4 ]) I" Q% n# ^ 18．The Phillips Curve shows the relationship between ______．
: M. \+ I9 e8 A A．aggregate demand and aggregate supply
m- |4 E7 s2 a B．interest rates and inflation" @2 {7 v2 H* s8 x/ W7 }* a
C．recessions and booms9 X: P4 F. ~! s; I: M+ S$ ~8 Z
D．inflation and the unemployment rate \% R. O% M: s9 \' O
19．In a fixed exchange rate system， speculative selling of a currency is based on anticipation of ______．; v, T! b0 b: x! m/ r; Y& Y
A．appreciation% G5 a) \/ ^( F+ |! j/ z5 e9 _
B．devaluation% ]" T# i/ l+ [( @
C．a foreign trade surplus
1 Q! o1 P( J3 G& b+ c D．interest rate increase, T. @8 S T1 F! B2 J
20．A collecting bank is employed by ______．2 p2 `; o1 p" }. {
A．the principal" Z( ^8 o. P% V3 j. [7 i- H. e {
B．the remitting bank& q0 [ b# j3 |) C. M
C．the drawer& m0 H: Y% x I. x% j+ s+ F9 ]
D．the drawee， who is its customer |
发表于 2012-8-16 08:05:44
