81.In documentary collection, the documents will not be delivered to the buyer until ______.5 M% z( D. c, T, `7 `1 d, H/ k" _
A.the goods have arrived
( B9 z5 ?* j" \) j B.the buyer has cleared the goods
* Q, ^% |0 W9 j/ J C.the bill is paid or accepted$ a V, L9 Y0 f5 r* d) K
D.the seller says so3 I+ f2 W2 U' b' \; `! @
82.In documentary credit operations, all parties concerned deal in ______.
t9 l) ]* @9 I A.credits% h6 Q' u* |' `+ @7 R# q
B.documents
- V$ j: j3 n" B! p& T* y C.contracts, g' m% \5 t- P# S, m
D.goods \1 T, Y4 L' _
83.A check involves______.
$ N# X) R) q- F. g A.the writer, the signer, the cashier, and the bank
0 E- X/ c8 [+ C$ D7 f+ Z B.the drawer, the payee, and the bank
; r& D7 h4 R# ^ C.the drawer and the payee1 N7 F+ |& L, L+ x( p
D.the signer, the payee, and the company7 ? V2 N/ c. `# {
84.Assume a bank has $200 million of assets with a duration of 2, and $ 100 million of liabilities with a duration of 3.What is the duration gap for the bank? ______.
: H/ o3 t. S! L. G! _6 Z0 I, V A.2
9 M& k% V, ]+ i" k& u' F/ N* F$ A, Z B.-1: _& e+ J+ h6 m2 _
C.0.5# W- R0 |3 R7 v0 Y( h4 P L( b: Q
D.-45 O4 Z! R0 z+ E" I
85.When a central bank allows the purchase or sale of domestic currency to have an effect on the monetary base and hence on the money supply, the intervention is said to be a/an _____ foreign exchange intervention.+ o6 A; E0 V( z' n6 r
A.limited
7 f+ t& w6 w8 \4 R B.unlimited/ y( l6 w' D$ n3 Q% Z
C.sterilized) d% {7 x$ R8 r& j2 x/ }9 c2 [
D.unsterilized# _5 o, Q' w3 h" H
86.The shipper wants assurance that his goods will reach their destination.The bill of lading gives him this assurance.It thus serves as a ______.
: A* w0 Y* f# M) K) w I n A.contract for delivery
/ a( t7 @" C* @/ O) }9 E B.receipt for goods
/ g/ R/ Q, ^% c( q6 ^' U4 W( C" \ C.title document6 M+ _; t1 T5 W; b8 {% c/ P9 ]. P
D.negotiable instrument
- k7 u9 o5 K& `" H' X( u 87.A sound policy to combat a temporary liquidity shortage in the banking system would be ______.; ~0 D4 v( S9 f8 `9 a; s
A.an increase in the discount rate _. u- H- h8 a$ A- e( j- y O
B.an increase in reserve requirements
* A& j2 k4 Z1 K7 j; _ C.a reduction in reserve requirements9 u3 P0 X6 ^7 C0 l0 L/ j
D.the purchase of government securities under repurchase agreement
/ V" P! r+ h- ~ C* \# M8 } 88.The narrowest definition of money is referred to as ______.
8 R( I4 ?7 P9 [ A.M 0
, F: }1 Q# }* o B.M 1
/ D0 P. x, A) Q" W9 x% t2 r9 R C.M 2
% w4 z& P8 j" f' z4 Q/ O5 Z D.M 3) D5 r4 N. A6 E$ u+ S6 v
89.Which of the following is the term used to describe the offsetting of the effects of intervention in the foreign exchange market on the domestic money supply? ______.4 ?* G3 d! S9 a
A.Daily intervention
. B; b% S' X1 c2 B7 Z B.Sterilization
9 l2 ~7 T$ Z6 P: B" Y C.Discretionary monetary policy
4 A% z: I4 ^1 O: y# @ D.Discretionary fiscal policy1 @ ?1 L. z {5 l0 l
90.Under a fixed exchange rate system and freely flowing capital,______.
+ `: v Y# \6 { A.fiscal policy is ineffective
. A0 L C2 |5 `/ d( v B.monetary policy is very effective p2 z% Q$ p$ w% V: b+ q3 L' F
C.the supply of money is very important
, E; X9 e$ w! p D.monetary policy is ineffective |