1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.+ D8 S9 m T( C0 v) p
A. Import of goods priced in a foreign currency
& H; C1 X0 n7 x8 H* Q8 fB. Import of goods priced in RMB
: F9 p4 K" p0 P, P! H; ]C. Export of goods priced in RMB
]. v: N! T" j3 h! f4 ?D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
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# U+ M+ `. \5 f6 Z' L u2. Incoterms address ______.& S g6 B# f( W) \" K" r4 _$ `" }
A. the risks of loss between the parties
8 I! W+ ]( J2 b: MB. breaches of contract @2 k, \/ E; R) U% ^' ]6 U% p/ |
C. ownership rights - ]! w2 i# T/ k" T# b+ u* s3 z
D. type of ship used
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2 t% f3 Q/ K" i. v+ }# x" s, C3. Which of the following is or was an example of representative full-bodied money? ______./ S; B! L4 k, @# e% y/ p
A. Debt money
+ c0 C2 a1 t0 RB. ATS account* @+ s. v$ k! D
C. Gold certificate
3 i; M0 z/ Q" ` F2 {D. Demand deposit
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1 h$ ?! _& O/ s4 B4. Risks associated with investing in foreign countries are the following except ______.
5 v$ f1 U# ~0 n/ l9 S( qA. voting risk
6 H0 W; z7 B2 OB. exchange rate risk
+ o: o! h" v8 g% J+ gC. country risk
& a. _! D; w3 `$ P0 n% D7 g3 b; jD. political risk
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9 ~3 o# @! \+ b: _! N5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.
5 ]. A8 U1 C4 @. g# r0 n3 B3 nA. Exporter; Exporter 4 o2 \0 n- s+ n9 ?+ p% ]
B. Exporter; Importer
8 d! x3 Z, Y' o4 W- V5 zC. Importer; Importer * ^; i7 i/ k, k/ Q, V! l
D. Importer; Exporter
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# @8 W4 C/ W+ l4 {( C0 m# C6. Default risk refers to the possibility that a borrower may ______.4 u% k, u: D! K; S' _* j6 H4 G5 o
A. be unable to repay the principal on his loan
5 W$ {; A t2 p. Q# V) I" t: ]9 nB. be unable to make the interest payments on his loan
: ]& j/ M/ q0 {! T: {0 d2 OC. go bankrupt
d8 w% R( }% d9 ~) P6 i' MD. all of the above5 |. [5 { E) @$ Z4 G
9 J" o( V, \# g7 G4 N7. What is the reserve requirement? ______.
- Y& i J0 @, [ ?4 @. W% AA. The requirement of a bank to deposit a percentage of money
0 @/ b/ H9 ~5 S# D5 @ IB. The requirement for deposits in cash
5 }6 l) p- I: D5 W: }% _) f/ J3 |C. The percentage of a bank's deposits in the form of cash reserves
% x: W- y0 m7 M+ `. |/ Z; MD. The requirement for cash reserves; R2 T$ v9 Q7 M# z! K7 @, U
- i/ o' y/ o4 K& d% b3 V8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.& ?7 l1 L) h- @# l U; |1 I4 y
A. a bill of lading ; H1 r" v3 R9 Y) ^
B. an inspection certificate
8 p! l+ K, g; `' m+ q4 H; y7 S; AC. a certificate of origin 4 M6 P% C4 ~: k6 I$ g, s5 Z/ n1 R
D. an insurance certificate . p9 K3 _$ V. U7 B& G$ [6 {- M
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9. Arbitrage ______.7 Z2 k' d ^! o- ]7 c% ^4 B0 x. u8 z
A. is a general economic term for buying something where it is cheap and selling it where it is dear% @% v+ y z2 i0 @; _) Q9 }
B. keeps exchange rates consistent across markets$ c, o1 w' x H9 `( l0 m2 t
C. has been outlawed by the International Monetary Fund! [. k* `0 h8 `$ ^2 {2 L
D. cannot occur where there is a forward exchange market
: U2 o4 S; X; _# k3 h) T; QE. both A and B8 @5 L* e6 \9 \) t) _. c# Z
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10. What is the purpose of comparing the ledger entries with the documents? ______.
+ b; A- E0 _, [' ]A. To prove that all the transactions have made for the right amounts, Z, @( a1 p7 U2 S3 I( R. C) T
B. To prove that all the accounts have been posted correctly
- S( V3 U X" y8 v( {+ H; ~C. To check the number of all the debits and credits" y6 a2 i* b! K/ p
D. To post the right accounts
6 i5 b9 n. |& t2 z6 b. v答案：1.A 2.A 3.C 4.A 5.D 6.D 7.A 8.A 9.E 10.B 11. What is Dollar Cost Averaging? ______." i- \& y8 g/ u$ I7 x
A. A brokerage account that gives investors cheap trades
- ~& A' C; a6 u( PB. The idea that prices tend to rise over the long term
6 ]2 h0 U# ^7 ], H2 J- h- YC. Buying stocks that are below average in value/ a1 @0 P% E& [9 A8 m& c
D. A flat quarterly mutual fund fee averaged throughout the year+ d) U) e3 g% ?1 Z! o2 i( |$ G% d+ n
E. A strategy of investing money on a regular basis to take advantage of market fluctuations6 u- J4 K5 Q0 g9 K# o! Z
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12. From a Chinese bank's point of view, the currency account which it maintains abroad is known as______, while a RMB account operated in China for a foreign bank is termed ______.
' v+ v; ~7 z7 N# A* e5 }* bA. a vostro account... a nostro account
1 l) J$ R1 L6 s; G; TB. a vostro account…a mirror account, K5 i& @4 Y& r5 `$ C( ^
C. a mirror account…a nostro account
0 h# r: D/ K1 u; z* uD. a nostro account... a vostro account . O5 D( p) G4 z
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13. Under FOB terms the bill of lading would state goods ______.+ M0 {7 D4 j- ?6 M/ Z6 P
A. loaded on board, freight payable at destination
3 c6 ~9 g* {6 S; N8 g3 n6 \B. loaded on board, freight paid
3 \* c1 e9 j$ |' l# l4 [ DC. received for shipment, freight paid) e3 S4 i$ K6 }9 e+ U
D. received for shipment, freight payable at destination
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14. The liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business.
' X! U* q5 n8 Q N" F5 y% v HA. sources of the funds 9 G9 \+ K1 K, w* }% @% h
B. share capital! W- v0 ~6 P' ?; I6 s6 A# g; t
C. investments 3 b2 {; I& n/ H8 P' N! B, Z" m
D. advances to customers
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0 }' H8 S# f% e. u$ A. t15. International payments and other messages are often sent through an international computer network called ______.
$ V H6 a* P. G3 I, @A. CHAPS
1 x$ [. }9 e; i( y4 w# J0 _# eB. BACS Y% d! g' K( h9 ?6 _: q4 x' B
C. SWIFT / \: [' m+ x. H: O! L
D. EIMT
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16. Low levels of uncertainty (risk) are associated with .5 {% e. r$ O* {# w" \
A. stocks
' d2 S4 b: {0 S2 b( E' ^2 T, H" I* BB. stock options
+ R" D. j; ?2 a& C4 s$ M7 B2 XC. higher potential returns
! b7 t' q. R$ P2 ID. lower potential returns $ T8 V/ s0 S3 d- z* d
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17. Government securities would appear on a commercial bank's balance sheet as ______.. M- ~+ h, w! H8 @ \
A. an asset
L" Y# h5 H- q! gB. reserves
% w$ i6 P, P) m6 R, _C. part of net worth ' e4 B& m* h! d4 @: q/ T4 P
D. a liability
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18. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
4 E0 y$ X% ]; {% gA. there is no self-correcting mechanism |
发表于 2012-8-16 08:05:44
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