81.In documentary collection, the documents will not be delivered to the buyer until ______.
' C; Q$ k2 Y" w4 Y A.the goods have arrived
7 c, I. x/ A& ~% ?! X U) A8 s8 C B.the buyer has cleared the goods
% I1 i& X c$ }2 T0 P C.the bill is paid or accepted
; y: L9 d V6 U9 q, j D.the seller says so% u9 @ P$ |$ H* R* i# \/ ?3 a. b
82.In documentary credit operations, all parties concerned deal in ______.
5 `$ I& j7 O1 W5 ]* o: ^ A.credits
9 s+ S# \/ s! j) ^3 l B.documents
( f e! B9 p8 G" D+ O% C C.contracts
$ A' l; g4 I% a! D. f; z$ L- y D.goods! W% n) n! v6 f4 n
83.A check involves______.. |( V9 D9 s6 `) `7 ~+ f+ B6 e
A.the writer, the signer, the cashier, and the bank
0 Q7 j3 v, f' h8 r, `1 h- Y B.the drawer, the payee, and the bank7 {; G; c* a/ A7 ]' { @# G: w' o5 ^
C.the drawer and the payee
2 F* l ?# B Z3 Q6 v+ m D.the signer, the payee, and the company
& H) A3 X7 W. E: D( U 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? ______.8 H1 v7 H, r- I! X- @4 `9 m" R
A.2+ K& l$ H: n8 F6 C" v: y
B.-1
. W" Y) R" H" M" U; m C.0.5
f7 u$ N, ~6 D7 ^* U- F; A D.-4- l7 N/ A* B! Q5 a
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., Q+ g6 M2 s: }1 y0 W9 C5 @
A.limited) _3 ~$ H, p- _* e$ G2 V- l0 d1 _& D5 \
B.unlimited: b) g" _6 i, f+ _4 G0 a
C.sterilized
& C9 K2 x! o* `0 H% N$ W# I$ T( W D.unsterilized- X' d" y7 r7 p, j
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 ______.5 J& q1 {1 S4 N* W1 x6 q
A.contract for delivery% b8 G$ O$ _: h; a# _
B.receipt for goods( h/ o5 O- Z& Y7 M. ?
C.title document, \+ W, c1 e& [; M3 Q8 R
D.negotiable instrument3 f! `, Y! q( g D" P- M1 T, `' F
87.A sound policy to combat a temporary liquidity shortage in the banking system would be ______.7 A# t) X) P' ^5 m+ h
A.an increase in the discount rate
/ b' S; w& {4 i- q B.an increase in reserve requirements
1 l+ }, O* n' U' _- T8 z C.a reduction in reserve requirements
. B2 B* }/ j( v, }4 { D.the purchase of government securities under repurchase agreement6 V3 J* i: M( ?. u
88.The narrowest definition of money is referred to as ______.$ p( p2 k& `( ^1 C
A.M 0# n$ C* j- v- N- }, ~' l
B.M 1
" z- {% Z5 z! G# W% c% Y C.M 2: ^' ?' ^/ n& F+ v, o1 S
D.M 3
1 H; W! P8 d4 o5 i ? 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? ______.
( T0 Q7 M/ ?6 m3 |% P5 a A.Daily intervention8 v7 X) A: k9 ~6 ]$ t
B.Sterilization
! p5 f7 ]# E# B! K# j2 g( K7 q C.Discretionary monetary policy
, S# k! W: y4 L- G2 l D8 | D.Discretionary fiscal policy3 A' [: P1 Y. X
90.Under a fixed exchange rate system and freely flowing capital,______.
, O. C* }' K% k: O! W4 N0 | A.fiscal policy is ineffective
# ^4 T, X/ X, v7 A3 q+ H B.monetary policy is very effective0 l: Q2 q2 c$ P4 q2 I2 x
C.the supply of money is very important
1 Z2 a, d, Q7 Y; E; T; s* M D.monetary policy is ineffective |