金融英语单选题—FECT（四）

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1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.
+ G. e5 D& _: B7 `. UA. Import of goods priced in a foreign currency
6 s  X+ e# w! v) }- t6 Z% cB. Import of goods priced in RMB
C. Export of goods priced in RMB
D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
1 F7 G& s8 O7 x9 {" F
2. Incoterms address ______.
A. the risks of loss between the parties
B. breaches of contract
- v6 o0 P& X/ ]C. ownership rights
D. type of ship used
1 N2 X# P2 [, h) |7 Z+ e
. e9 z4 d* Y% w3 U8 M0 y3. Which of the following is or was an example of representative full-bodied money? ______.
A. Debt money
B. ATS account
C. Gold certificate
D. Demand deposit

4. Risks associated with investing in foreign countries are the following except ______.
9 J3 X# L3 X) ]) ?A. voting risk
B. exchange rate risk
0 [, }0 @9 d2 A6 Q1 _C. country risk
/ K+ k( m$ S' P! A$ r1 }! DD. political risk

8 y0 {9 a$ U& r  W8 }1 o$ m: u5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.
A. Exporter; Exporter
B. Exporter; Importer
C. Importer; Importer
, s/ k/ w) M: zD. Importer; Exporter
' A! a3 q5 u5 i' U, W
; p7 h; G& c1 n" y; U8 a# }6. Default risk refers to the possibility that a borrower may ______.
A. be unable to repay the principal on his loan
9 u' E% b( y9 g- |B. be unable to make the interest payments on his loan
$ b/ j8 b# C" ~" D. v+ LC. go bankrupt
D. all of the above

7. What is the reserve requirement? ______.
A. The requirement of a bank to deposit a percentage of money
$ m8 T6 t* g  r9 |* ~' D2 L- xB. The requirement for deposits in cash
C. The percentage of a bank's deposits in the form of cash reserves
D. The requirement for cash reserves

* Y2 M8 {% m$ j$ }$ ^) C# C8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.
A. a bill of lading
4 I: s) J& w' B% W; g+ nB. an inspection certificate
9 F# K' [5 Z: ?$ n9 T2 I) MC. a certificate of origin
D. an insurance certificate

0 {  ?, z; R: a4 A' X! Q+ T9. Arbitrage ______.
, o: Q7 M( v& W* {  b' a# `A. is a general economic term for buying something where it is cheap and selling it where it is dear
B. keeps exchange rates consistent across markets
( w8 w7 j% Y1 u9 t, |5 IC. has been outlawed by the International Monetary Fund
1 S8 H! a7 \" P/ Q0 J, j( y4 jD. cannot occur where there is a forward exchange market
4 C0 E! e3 _; ^" y' u9 u! t7 yE. both A and B

10. What is the purpose of comparing the ledger entries with the documents? ______.
( X6 v5 B: y9 g# o  H5 H, fA. To prove that all the transactions have made for the right amounts
& E7 `, Q4 {" c+ ~9 o5 z2 r% H" wB. To prove that all the accounts have been posted correctly
! t  k; Q; Z$ H9 \& s; k" gC. To check the number of all the debits and credits
D. To post the right accounts
3 h. r; G. K5 h. @- ]( E! y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? ______.
/ _8 [" I5 z2 c' }3 `5 n* v. eA. A brokerage account that gives investors cheap trades
7 ?; F- h& K# u6 `; Z/ F; rB. The idea that prices tend to rise over the long term
$ ]% c( s' ~% ?) nC. Buying stocks that are below average in value
D. A flat quarterly mutual fund fee averaged throughout the year
* p" F4 n& t0 R& OE. A strategy of investing money on a regular basis to take advantage of market fluctuations

  X: A9 o! N- Z5 ^; N8 a12. 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 ______.
. ~4 {$ `, Y% jA. a vostro account... a nostro account
( F! j" C6 i4 h0 @$ D7 fB. a vostro account…a mirror account
C. a mirror account…a nostro account
; N5 i, S9 u* UD. a nostro account... a vostro account

13. Under FOB terms the bill of lading would state goods ______.
# r9 E# n- T4 u7 [" DA. loaded on board, freight payable at destination
B. loaded on board, freight paid
C. received for shipment, freight paid
D. received for shipment, freight payable at destination

0 E0 `3 w% a6 x14. The liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business.
: v; \$ x8 p- Q2 {* W. aA. sources of the funds
$ [; Q. ]- d8 A% X& I  dB. share capital
C. investments
3 N4 `6 a3 P6 ^5 Q- qD. advances to customers

15. International payments and other messages are often sent through an international computer network called ______.
# C" ?& p" u1 o8 C1 I) D9 jA. CHAPS
1 D5 N, H. e8 X% r. w/ FB. BACS
C. SWIFT
D. EIMT
4 v  s1 p% a, c* }4 K
7 {* C3 L) W) W# k4 L16. Low levels of uncertainty (risk) are associated with .
  B! Q, y/ ^$ ^$ E9 F$ W; S, zA. stocks
7 L0 B+ l6 D* ~+ W' gB. stock options
C. higher potential returns
D. lower potential returns

17. Government securities would appear on a commercial bank's balance sheet as ______.
A. an asset
B. reserves
C. part of net worth
; |. j+ S) `; Y# |- B8 m0 o; A" l- `D. a liability
7 B( o+ I- T, J( ~
18. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
A. there is no self-correcting mechanism

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B. currency values become unstable
C. the value of the reserve currency declines
D. world inflation increases
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9 C  R6 D$ L! |0 j2 A) {/ v19. In a particular economy banks are required to keep 25 percent of all deposits in the form of reserves; this gives a credit-creation multiplier of ______.
( v. a3 \" g* b/ K' b$ [5 WA. four
5 _+ @9 u; |- }4 k' e* ?1 ^B. three
* a0 ^/ [, T; A# U+ }, o2 E& A. sC. two
D. five

20. Regulation of the money supply and financial markets is referred to as ______.
A. fiscal policy
B. income policy
2 e, I- D9 M; [) y, S( O6 ]C. monetary policy
D. budgetary policy

+ n7 k3 [8 y, v答案：
11.E 12.D 13.A 14.A 15.C 16.D 17.A 18.A 19.A 20.C
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