10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.$ A2 ^( Q/ ]7 R. ]
A. open account L$ Y. B# I0 y& p5 U
B. bank's letter of guarantee# t4 [; p" } T% \% c3 ` P
C. banker's draft. i9 X1 X% Q1 t4 w7 _# ~, t
D. documentary credit. M" y' |) @) I) o4 K$ o
11. Which of the following statements is not true of central banks? ______.- |( w, A* ]$ K
A. They pay the government's salaries4 D- W- S4 C; B5 l) m9 B
B. They always undertake the regulation of the banking system3 E0 b8 {8 D0 k/ p$ Q, `1 ~2 L
C. They are always the lender of last resort2 }' m9 E2 Y9 ?4 l
D. None of the above
- y$ N0 z( e* I0 B% P6 P- v1 l 12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.4 j: Z6 p* O/ r3 d2 e7 b
A. appreciates by 12.70%
6 q# [1 b8 O2 |# L8 K$ Z B. depreciates by 14.55%/ `( L4 A! D8 i, m, E
C. depreciates by 12.70%' D+ J& i2 d# b* B7 N* W- |
D. appreciates by 14.55%
! ]% I& z5 s8 Z \9 } 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? ______./ X) j$ {9 U: P8 t4 f
A. If X and Y are totally independent with each other, the risk of the portfolio is reduced1 z/ K; K- m' ^; ]7 u3 q
B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset1 w7 T5 \4 N+ U7 r, U5 X
C. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased
+ F: D+ z1 P( J! d/ ~ ] D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased
7 r. J! h: o" U- l8 Z* N- h# g- D 14. These are four main methods of securing payment in international trade:) h, Q: O" t" x
(1) payment under documentary credit) ]% H3 Q- h4 @# Z; M( M, C
(2) open account
) Y: M4 w& j) M$ L (3) collection, that is document against payment or acceptance of a bill of exchange7 r q0 p6 p6 E% F% a# K0 R0 m: d ~; L
(4) payment in advance2 L, z; _8 |: _6 L, M# G, \% U
From an exporter's point of view, the order of preference is ______.- f3 o3 ]/ L8 X8 F: F
A. (4) , (2) , (3) , (1)
; C. f- Q: q/ m: j J& j5 N B. (4) , (1) , (3) , (2)
T- _/ k3 Q. v C. (4) , (3) , (1) , (2)- B% [/ |1 C9 V, {9 U0 q
D. (2) , (4) , (1) , (3)
u s% T; R5 q# o 15. The main liability on a bank balance sheet is ______.( m9 J9 S6 o- Z% v" p0 P
A. deposits
$ a* _9 G( L6 B7 w3 m4 s5 h B. capital and reserves' ?6 i- u5 @" P
C. loans and overdrafts, p( q4 r9 `7 |
D. cash( M2 U+ H8 a5 z3 O5 B+ }1 |$ ^4 d7 l
16. ______ shows that net income for a specified period of time and how it was calculated.
- q, ^% l# _3 @# C8 n" D0 H j A. The income statement
! L) T/ L4 ~, ~- p9 R; I B. The capital statement1 e C _, o/ H- [2 t$ I
C. The accounting statement3 ~1 H- C4 g/ l( b. N" G/ l8 e
D. The statement of financial condition( S3 V* k$ g5 \& `. i
17. Why must the liabilities and assets of a bank be actively managed? ______. |
发表于 2012-8-16 08:05:44
