1. Which of the following is not a function of money？ ______.' @. ?! A+ P7 z" b1 \0 z# E J
A. To act as a medium of exchange
, L) `) p% z3 D. D6 o9 w; VB. To act as a unit of account
3 l0 j# ?8 _" `/ u) xC. To act as a store of value3 c! H" E1 I% |
D. To provide a double coincidence of wants ! N4 P& i& ~) [
E. To act as a means of payment
" l: H$ H# s8 h* ^& ~, ^2. The price in the foreign exchange market is called ______.7 ~- H9 }! _9 J6 q+ P
A. the trade surplus
8 q% f; N3 m( b+ p7 q0 EB. the exchange rate
: d7 }+ } d+ b5 S3 h; _; h% C# bC. the money price
7 q: o8 ~) h! l4 X# Y' FD. the currency rate
9 O+ T( d- X5 A5 s8 ~/ f$ p/ v3. Market risk refers to the risk of______.
3 F' L) A E' V8 H/ o1 s. R6 h9 sA. financial prices fluctuations 8 F( |" a7 E9 ], E& d
B. default' V( B( f; d9 v3 V% {2 O$ m
C. fraud0 A* h1 o7 |0 [3 `5 m& c! s0 [
D. deferred payments + U( `; O2 A& R* W4 [
4. Which of the following is not among the generally accepted accounting principles？ ______.
, ?7 w! H; i* d" E6 ^A. Cash basis
3 c# U) G4 ?" e9 A+ zB. Prudence
1 T/ K2 m! H; M$ H7 HC. Consistency
' l* h! Q$ {4 E' eD. Going concern ) J" f m& C; r* C
E. Money measurement.
9 ?+ A" f6 {3 x: r$ h9 \) I5. What is a documentary letter of credit？ ______.
6 ~& f) H9 k9 M' nA. A conditional bank undertaking to pay an exporter on production of stipulated documentation
& k2 _. t0 i$ l- `$ L g4 ?B. A method of lending against documentary security! J% F# Z/ c6 O. K
C. An international trade settlement system biased in favour of importers
8 e6 t8 `; Q% [$ uD. All of the above
* S+ U0 K0 C3 q4 z+ L2 i6. Holding a group of assets reduces risk as long as the assets ______.
! f5 D" T# \6 \0 m( ?! I4 [A. are perfectly correlated
0 i' ^: Q+ R. eB. are completely independent
; m' X; o B3 _1 V, S: A1 MC. do not have precisely the same pattern of returns
3 W1 F( U4 }4 z- rD. have a correlation coefficient greater than one
/ m7 v7 X. }! j" z9 Z8 Z7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an .2 ^7 {8 p' v7 B$ f
A. liability / L+ G6 }1 O% a T/ @) Z, |8 @& B
B. debt0 }4 ] h" I1 c, r+ @
C. equity
6 ^6 @2 h2 P' FD. asset
* r/ e+ i [. ?8. What function is money serving when you buy a ticket to a movie？ ______.3 A; X1 [- L1 l" C$ a$ m
A. store of value
% z& C3 a& {: QB. a medium of exchange
: a d6 m* R. b" v3 p% Y8 FC. transaction demand 2 `. D5 P% |2 A$ v6 y
D. a unit of account + O% ~% c( z" {1 d7 H) P
9. If foreigners expect that the future price of sterling will be lower， the ______.
1 ]/ {6 X" J2 h. L" Z( NA. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall ( f* l1 g/ J3 J6 g ^0 `! U
B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase* W3 k' m' \7 _; I& \0 _
C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise
+ g9 I9 d. y4 M) p+ z0 @3 SD. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall 4 s0 o. P# m) E! m/ e- z/ x
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.
; b* P8 }9 Z5 BA. open account + x" ?& w5 p2 L& `0 i& L. k# Z
B. bank‘s letter of guarantee
% H/ d# A" y# }& E# G# J4 Q% |5 ?) FC. banker‘s draft $ E9 P2 S! t0 V2 O6 j; Q5 D) o
D. documentary credit |
发表于 2012-8-16 08:05:44
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