2011年金融英语考试模拟试题（1）

会计考友

　1．Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market．
　　A．premium
　　B．par
　　C．discount
0 J) ]" @1 ?6 v2 z7 o　　D．bar
$ y0 z, d/ t; m% D( A; G2 D　　2．Which of the following statements about standby letters of credit is true? ______．
7 J# B# \( R" ]  v' @# b1 i　　A．They can serve as a guarantee to a buyer against a seller defaulting
　　B．They are contrary to the general rule that letters of credit may only be used for the actual movement of goods
! U$ E2 n7 ~" U0 O  B　　C．They are unlike a tender （or other） bond in their legal standing and method of operation
5 o+ P/ l9 v$ V+ q　　D．They are unlike a tender bond with its fixed expiry date
　　3．The most liquid of all assets is ______．
　　A．the stock of commercial banks
　　B．M 1
　　C．intelligence
　　D．the debt of major corporations
8 p; G, `% D/ d+ c8 ]　　4．Beta and standard deviation differ as risk measures in that beta measures ______．
! I! _" A0 r0 N1 ~6 E　　A．only unsystematic risk， while standard deviation measures total risk
2 T1 H7 o, B# a* \, x, t# P( N　　B．only systematic risk， while standard deviation measures total risk
% G9 _& P! z0 ^2 b4 q　　C．both systematic and unsystematic risk， while standard deviation measures only unsystematic risk
, Y+ E) S! O2 i) L　　D．both systematic and unsystematic risk， while standard deviation measures only systematic risk
　　5．What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements? ______．
　　A．Cash provided by or used in financing activities
* E% o0 y$ f6 }, k) n) g. a( Z% ^2 d　　B．Cash balance at the end of the period
　　C．Total liabilities due to creditors at the end of the period
! b9 ~) L: z5 N　　D．Net income
/ {5 P. k. n* C　　6．An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：
　　State of economy Probability Return
3 Y/ h' t% ^9 F　　Good　　0．1　　15%
　　Normal　0．6　　13%
　　Poor　　0．3　　7%
1 U: T* J9 y; Z4 B+ z' T9 D( Q# b' J　　The expected return of the stock is ______．
　　A．7．8%
　　B．11．4%
- \, Q& S7 a' c　　C．11．7%
　　D．13．0%
* T5 g  r, M/ q9 j* }　　7．According to the rules of debit and credit for balance sheet accounts ______．
　　A．increases in asset， liability， and owner's equity accounts are recorded by debits
　　B．decreases in asset and liability accounts are recorded by credits
2 A: ^3 O+ w" Z2 z7 z/ D: r4 A　　C．increases in asset and owner's equity accounts are recorded by debits
/ N- G7 W$ d( L5 o# j　　D．decreases in liability and owner's equity accounts are recorded by debits 265
2 w/ X3 Y1 ]/ c6 j; V　　8．Individuals will accept the medium of exchange in return for goods and services only if they are confident that ______．
* s: f! H, w4 e7 F, v- d　　A．the inflation rate is zero
　　B．it possesses intrinsic value
* Q& A( n3 x$ F# }( T- N- c& Y　　C．they can pass it on to others
　　D．they can exchange it for gold
6 B1 [- n0 p* c0 h: D- f- [　　9．When a country's currency appreciates， the country's goods abroad become ______ and foreign goods in that country become ______．
4 }, i. L; }0 n0 e! B　　A．cheaper．．．more expensive
　　B．more expensive．．．cheaper
　　C．cheaper．．．cheaper
: N" b# ~. R) k2 O6 ]4 x: F　　D．more expensive．．．more expensive
　　10．A US company is bidding for a contract in China．Its Chinese customer asks for a performance bond．What is the most likely course of action? ______．
　　A．It asks its bank to issue a tender bond which can be converted into a performance bond
　　B．It gives up its bid C．It consults its bank about issuing a standby letter of credit
( U% a( t# ^& G0 V, K; o3 W! |　　D．It asks its bank to issue a performance bond