2011年金融英语考试模拟试题（6）

会计考友

　　51．The foreign exchange market is organized as ______．
　　A．a physical market
* ]5 r) V( @- _$ V" e; I　　B．a capital market
　　C．a speculative market
　　D．over－the－counter market
4 l3 Q* m3 a- F- m2 N* f& J　　52．If the central bank purchases government securities directly from a commercial bank， bank excess reserves will immediately ______．
1 P5 U, |& _' \# J6 M' g　　A．fall by a multiple of the purchase
% ~6 }8 j: a- t! c　　B．fall by an amount equal to the purchase
　　C．rise by a multiple of the purchase
　　D．rise by an amount equal to the purchase
- j0 _* b- G* I; M/ E7 L　　53．The______ is obligated to pay the beneficiary of an irrevocable unconfirmed letter of credit．
+ R/ P3 ]% \/ T4 q; p* Z. T  c1 S7 U　　A．account party
　　B．advising bank
! U" g- I* u3 u) i$ v+ ?　　C．confirming bank
　　D．issuing bank
　　54．Which of the following is not true? ______．
2 b& H* `; F) E; n& r! _　　A．The British Pound is the base currency against all other global currencies
3 |) U/ n' S$ E( u4 t　　B．In the AUD/USD currency pair， the base and quote currencies are respectively AUD and USD
' ]- A, w! ?4 |  K# Z# r　　C．When an investor buys 20 000 EUR/USD， he is said to be buying EUR20 000 and selling the equivalent amount of USD
　　D．None of the above
) E/ L$ V9 x1 ~; |5 v　　55．What is a collection? ______．
5 @& b* [6 A' }8 L　　A．A form of debt enforcement
　　B．A method of guaranteeing that exporters get paid
　　C．An international trade payment method
5 m' t4 c2 {$ X/ }; A　　D．None of the above
　　56．When a currency pair goes from a low price to a higher price， the quote currency is said to ______．
　　A．have strengthened
0 a) i2 X4 I# V　　B．have weakened
0 `) P$ h0 o* |, Z  N: U/ j# R　　C．remain the same value
　　D．none of the above
　　57．Which of the following is the collecting bank's responsibility? ______．
　　A．Examination of the goods
5 }/ j+ c% G8 u. v$ P　　B．Keeping the remitting bank fully advised of what is going on
　　C．Obeying the importer's instructions
　　D．All of the above
. K6 t0 i6 ^' p+ a9 J+ h: R; k　　58．According to the theory of arbitrage， ______．
　　A．high－beta stocks are consistently overpriced
( g! i8 E" G+ h& O　　B．low－beta stocks are consistently overpriced
　　C．positive alpha investment opportunities will quickly disappear
/ e; i- U# b' P  N　　D．rational investors will pursue arbitrage consistent with their risk tolerance
% E9 F5 K0 O0 c+ k　　59．APT differs from the single－factor CAPM because， the APT ______．
* R+ X$ c( O' f) P　　A．places more emphasis on market risk
+ A( B. }8 {+ b  C" E( V9 e　　B．minimizes the importance of diversification
　　C．recognizes multiple unsystematic risk factors
. _) ?# O5 F5 W　　D．recognizes multiple systematic risk factors
　　60．The primary function of reserve requirements is to serve as ______．
) p( a# ^+ U/ F" }　　A．a means of disciplining overly aggressive commercial banks
　　B．a means of reducing bank profits
　　C．an instrument of monetary control
" w) b/ s2 }7 \$ Q2 e; _$ Z　　D．a source of bank liquidity