2011年金融英语考试模拟试题（8）

会计考友

　　71．When the Japanese yen appreciates， then we might expect （everything else equal） that imports in Japan will ______and exports will______．
　　A．rise．．．fall
2 t( m' _/ a9 B& M1 I0 u: F　　B．rise．．．rise C．fall．．．fall
　　D．fall．．．rise
　　72．Which of the following statements is correct? ______．
2 c4 s* \8 m* w  Z! f　　A．A change in the discount rate usually precedes changes in reserve requirements
　　B．A change in the discount rate usually confirms policy changes
5 ]- y8 m) j! n; s　　C．A change in the discount rate usually initiates a change in policy
　　D．The discount rate usually moves in the opposite direction from other interest rates
1 A1 u, D# T& n: k. C& _　　73．When borrowers know more than lenders about the future prospects of a project to be undertaken with borrowed funds， the lender faces the problem of______．
" b% G0 g/ x* g0 S# o　　A．moral indignation
　　B．default risk
" f# k2 I( x* I6 E' z* a　　C．free riding
3 z7 i2 R3 J; M3 u2 y　　D．asymmetric information
　　74．If a company's current ratio declined in a year during which its quick ratio improved， which of the following is the most likely explanation? ______．
4 u2 H; m) s) r' E　　A．Inventory is declining
' |) S# o2 ]5 K　　B．Inventory is increasing
　　C．Receivables are being collected more rapidly than in the past
　　D．Receivables are being collected more slowly than in the past
　　75．A stock has a beta of 0．5．What does this mean? ______．
2 }" p# h& F/ }& i, l, g, n　　A．The stock will fall on average by half as much as the market
% Q; H8 r1 c! N　　B．The stock will fall and rise by twice as much as the market
$ Q( G; F7 _2 j  ?, t4 o; L5 ]　　C．Every time there is a price movement， the stock will rise or fall by half as much as the market
% E" x0 o* o0 T! r　　D．The stock price change will on average be half as much as the market price change
% N" z9 ~2 t/ j* R; }9 Z; a6 |+ b% `　76．What does P/E Ratio stand for? ______．
　　A．Public Earnings Ratio
　　B．Premium Earnings Ratio
　　C．Price Earnings Ratio
8 s1 H) S) K/ F1 I8 B* O/ G　　D．Private Equity Ratio
( w; I3 {- t! l% H! t3 [　　77．If the central bank wishes to increase the level of bank reserves temporarily， it should ______．
! f+ ^+ p& L; @. i8 _　　A．purchase government securities outright
# J6 Z. A* x  ^, {4 J4 k　　B．raise reserve requirements
　　C．buy government securities under a repurchase agreement
+ m& C$ G, ]7 C; }: V- Y5 S5 y* ~3 H6 F　　D．sell government securities under a reverse repurchase agreement
- n2 E7 ?7 e" [　　78．Which of the following business strategies is most likely to increase the net cash flows of a software developer in the short run but to reduce them over a longer term? ______．
: U! c3 P' H) g3 _) a# c　　A．Develop software that is more costly to create but easier to update and improve
- o9 q) i4 Q6 `  ~1 e, m　　B．Lower the price of existing versions of products as customer demand begins to fall
& |% L" p& f1 A7 v　　C．Purchase the building in which the business operates （assume the company currently rents this location）
8 b2 B6 ~" P3 m+ |　　D．Reduce expenditures for the purpose of developing new products
　　79．Exchange controls require the government ______．
　　A．to ensure that the foreign－exchange market is perfectly competitive
7 Q  q& I$ Z( Y" r5 _4 M　　B．to stop buying foreign exchange
6 f9 f' I5 j4 R  l# d　　C．to sell more foreign exchange than it buys
　　D．to balance inflows and outflows of foreign exchange at the current exchange rate
1 ^" f5 J/ t6 T3 Q　　80．See the following diagram：
　　Bank A
　　Assets Liabilities　Rate－sensitive$20 million$50 million　Fixed－rate$80 million$50 million　If interest rates rise by 5%， say from 10% to 15%， bank profits （measured using gap analysis） will ______．
1 n8 V$ B( ^0 t8 a* r　　A．decline by $0．5 million
　　B．decline by $2．5 million
- L/ @- q& t) }　　C．decline by $1．5 million
　　D．increase by $1．5 million