金融英语FECT模拟练习题（二）

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
5 l$ W6 {# C2 k" m8 Q! JB. par
C. discount
' a  h. ^2 \5 pD. bar
2. Which of the following statements about standby letters of credit is true？ ______.
2 Q/ ~0 c" F) v: j2 s' fA. They can serve as a guarantee to a buyer against a seller defaulting
% B' a2 i- G% P" c' g1 `B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods
C. They are unlike a tender bond in their legal standing and method of operation
D. They are unlike a tender bond with its fixed expiry date
, D; @1 \2 P$ a4 {- E, w3. The most liquid of all assets is ______.
+ e% S* F+ s. m+ u5 N, ]+ h5 d& t- k4 nA. the stock of commercial banks
$ H( h; [+ n: J7 M* rB. M 1
) S0 J  M9 p9 W$ qC. intelligence
& B; B4 ?3 O, W9 e# A% n, dD. the debt of major corporations
4. Beta and standard deviation differ as risk measures in that beta measures ______.
A. only unsystematic risk， while standard deviation measures total risk
! w- @! `4 r1 J$ i' k7 |! k; GB. only systematic risk， while standard deviation measures total risk
( G4 F2 S& L; P1 U* v/ q$ s" IC. both systematic and unsystematic risk， while standard deviation measures only unsystematic risk
D. both systematic and unsystematic risk， while standard deviation measures only systematic risk
4 }5 F) J) t6 p1 q1 j7 I  T) a! b3 e5. 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？ ______.
. t% n3 ?& ]; u7 E$ s2 RA. Cash provided by or used in financing activities
  G8 [$ a+ ~/ g- t0 J9 ZB. Cash balance at the end of the period
; {9 I# J9 K  e0 Q. ?! K1 rC. Total liabilities due to creditors at the end of the period
D. Net income
6. An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：
+ m9 w% p- n5 b. eState of economyProbabilityReturn Good 0.1 15% Normal 0.6 13% Poor 0.3 7%The expected return of the stock is ______.
A. 7.8% C. 11.7%
% |1 Y1 \9 b: u# R/ k: tD. 13.0%
B. 11.4%
# p" x+ p% a( G0 e
" |* c. s. Z: ?/ T! t* _1 ?. s7. 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
- v3 l6 K. \; RB. decreases in asset and liability accounts are recorded by credits
. e, d+ f& q  S$ r# U4 KC. increases in asset and owner’s equity accounts are recorded by debits
, L% S- G, g; }& `/ @9 w9 jD. decreases in liability and owner’s equity accounts are recorded by debits