FECTE xercises2（4）

会计考友

　　61. The statement of cash flows is designed to assist users in assessing each of the following， except .
# D% k; @7 i. M　　A. the ability of a company to remain solvent
0 J9 z, q' E: M7 \% i  \　　B. the company’s profitability
' k4 q6 \& r. L0 K8 b* o　　C. the major sources of cash receipts during the period
& q+ Z. b/ [- {0 ]' Y# [3 ?- q　　D. the reasons why net cash flows from operating activities differ from net income
, y0 w" N; }, w1 Q( {　　62. Which of the following is a main policy tool of the central bank？ ______.
　　A. Taxation
( D  m8 K0 t1 r3 b$ E　　B. Open market operation
　　C. The prime rate
+ E( Q3 H$ U8 _9 W& O- N& f　　D. The money supply
' U* l: C# r( [8 y% Y, i' p4 V　　63. Which of the following is not included in the statement of cash flows， or in a supplementary schedule accompanying the statement of cash flows？ ______.
4 C% E' D" @' [' f( @6 c! V　　A. Disclosure of the amount of cash invested in money market funds during the accounting period
  x7 @: h3 T( Z% k( P0 u　　B. A reconciliation of net income to net cash flows from operating activities
/ s9 C, h& T+ k　　C. Disclosure of investing or financing activities that did not involve cash
5 i# v& M3 n4 [6 j5 Q3 X3 p　　D. The amount of cash and cash equivalents owned by the business at the end of the accounting period
: p! m+ s" r3 c7 v+ E　　64. The yield on bank reserves is equal to ______.
1 _3 m: j) V1 Z0 I: r6 R　　A. the discount rate
% y4 L1 q  \" T7 [　　B. the prime rate
0 V, m* v5 p  O/ q4 U+ i# t　　C. a specific rate decided by the central bank
　　D. 0 percent
7 a2 x1 Y( c- ~+ R" a& }& j　　65. The feature of APT that offers the greatest potential advantage over the simple CAPM is the .
　　A. identification of anticipated changes in production， inflation， and term structure of interest rates as key factors explaining the risk-return relationship
　　B. superior measurement of the risk-free rate of return over historical time periods
　　C. use of several factors instead of a single market index to explain the risk-return relationship
" H$ [" }( j& P+ K　　D. variability of coefficients of sensitivity to the APT factors for a given asset over time
5 a4 l% ]2 k8 s. F　　66. In documentary collection， the exporters present the documents to ______ after the goods have been shipped.
　　A. the remitting bank
- P+ ~2 N& l) ?5 c: \+ b3 h　　B. the collecting bank
- s- s. i5 l3 d　　C. the reimbursing bank
　　D. the opening bank
　　67. If a bank has ______ rate-sensitive liabilities than assets， a ______ in interest rates will reduce bank profits， while a ______ in interest rates will raise bank profits.
' O; a" t$ }' Z% {" T　　A. fewer...rise...decline
" e/ D& N; ^+ v& o9 z9 V: M- D　　B. more... decline... rise
　　C. more... rise... decline
! m2 G* h9 Y- g　　D. fewer...rise...rise
+ R# L" o. d) N+ T- ~! c6 A8 i　　68. An L/C applicant is unhappy with the goods he receives. He is due to pay a term bill of exchange. Which of the following course of action could take place？ ______.
& ~" ]5 n, m0 |/ t# ~4 @　　A. He is obliged to pay as the documents were in order
　　B. He can instruct the issuing bank not to debit him
( o  P6 ]( x6 [' X7 ~6 x' Z4 a, ?　　C. He can pay a reduced amount to compensate for the inferior goods
2 R# j- P: p( G　　D. He instructs the issuing bank to return the documents with a payment refusal statement to the beneficiary
+ F- e4 V' P# f5 a　　69. Which of the following would be considered a Eurodollar？ .
4 _8 h5 d4 L& t4 F- a　　A. A U.S. dollar in a bank outside the U.S.
% M* [9 V" W' b0 O+ V) K% p& n　　B. A U.S. dollar held as an international reserve asset by a foreign central bank
' F# d) R) ?9 p  Q2 E　　C. A Federal Reserve notein the pocket of a tourist visiting Europe
　　D. None of the above
$ \- b3 @- Q0 q9 j. y( N　　70. Which of the following is usually least important as a measure of short-term liquidity？ .
8 K4 L) [, F; K6 c% i　　A. Quick ratio
　　B. Current ratio
　　C. Debt ratio
　　D. Cash flows from operating activities