10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.' z+ s! ? j% v# `
A. open account
! v1 F8 d" V" V/ y B. bank's letter of guarantee) U) P& _2 S" w" j! a
C. banker's draft
: W( _' z$ l# H% ^$ E D. documentary credit
& F2 g1 ]% J& C( @5 Q 11. Which of the following statements is not true of central banks? ______.! u2 J* Y8 s# u
A. They pay the government's salaries- z# y8 v1 `6 i% d z: h- \7 n1 P2 I
B. They always undertake the regulation of the banking system
, C) a1 F6 {/ e: l C. They are always the lender of last resort! n1 P* Z+ C$ X- c+ y
D. None of the above3 z% }. t% {& [
12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.+ r- p9 z/ ^. i J8 W Z9 m9 ^
A. appreciates by 12.70%; s$ h3 y& w0 q. D: d
B. depreciates by 14.55%
- \; J1 P( P) W- G8 b9 @) i C. depreciates by 12.70%/ q. z0 L, Y/ J, b: B/ s3 t& s2 L
D. appreciates by 14.55%
; |+ {& Z u, d3 J9 F2 A- N 13. According to diversification principle in investment, suppose you invest Stock X and Stock Y with equal funds, which of the following is not true? ______.
9 s1 J: S Q% M4 P& S8 d A. If X and Y are totally independent with each other, the risk of the portfolio is reduced0 L7 u7 W' E: ]2 K; f' i
B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset
3 q5 A$ E7 C C! ~/ { C. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased: `" z$ P3 z) x5 m c
D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased) ^: X+ P# X" |+ T2 F7 @
14. These are four main methods of securing payment in international trade:8 v; g Z Q" M, H* d3 p6 M3 b
(1) payment under documentary credit( x! ~& [; ?# _, ^' d1 L9 W" \# ?
(2) open account5 {5 D, N; K8 j
(3) collection, that is document against payment or acceptance of a bill of exchange6 q- Q5 I$ p7 R$ h H: ~8 Q
(4) payment in advance6 m' I, m. z3 \
From an exporter's point of view, the order of preference is ______.
- ?& I* n/ J! w A. (4) , (2) , (3) , (1)% v. t, ~! \* F- Y1 M, _, [" r1 s' Q6 W$ I
B. (4) , (1) , (3) , (2)3 i* d8 I! d/ R: w
C. (4) , (3) , (1) , (2)# {: b% c/ e- D6 I. ~
D. (2) , (4) , (1) , (3)) M# G/ t2 \" X$ y5 |
15. The main liability on a bank balance sheet is ______.
" ]4 D$ y; v; m' s A. deposits+ F5 U( {: P2 y/ J
B. capital and reserves5 x/ I- _% e$ G) C! J
C. loans and overdrafts
. x7 T7 U, R* P6 }# Z2 v D. cash" `6 J- w# w0 `- p: D
16. ______ shows that net income for a specified period of time and how it was calculated.
1 X$ X* C; z$ X+ V. \- L$ J A. The income statement3 h; R( ~) F8 @9 C5 Y* @' H
B. The capital statement" e" s- s& X9 g3 {. V3 C. J( c
C. The accounting statement
: R1 n( N4 A9 }1 [% B1 @ D. The statement of financial condition+ x& Q7 D2 I' R4 T1 C- ]% D
17. Why must the liabilities and assets of a bank be actively managed? ______. |
发表于 2012-8-16 08:05:44
