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 .
0 M/ a  X4 r* A( {　　A. the ability of a company to remain solvent
  X0 I4 i& A# g1 Z" n# y) v　　B. the company’s profitability
; H. E) S. Z3 M2 L& V: e　　C. the major sources of cash receipts during the period
( N- O! ?/ q6 I6 Z5 o" m/ U5 l　　D. the reasons why net cash flows from operating activities differ from net income
- m7 e1 z4 j9 N6 ?; r　　62. Which of the following is a main policy tool of the central bank？ ______.
　　A. Taxation
　　B. Open market operation
8 N" q  H" t4 E8 A　　C. The prime rate
( \9 z+ A" U) f, Y" g& T, _0 `　　D. The money supply
　　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？ ______.
　　A. Disclosure of the amount of cash invested in money market funds during the accounting period
　　B. A reconciliation of net income to net cash flows from operating activities
& ]% b+ a: h; Z1 }" y　　C. Disclosure of investing or financing activities that did not involve cash
　　D. The amount of cash and cash equivalents owned by the business at the end of the accounting period
7 {6 o& p3 R+ a9 P" Y  O/ a, o+ J　　64. The yield on bank reserves is equal to ______.
: h  f% z6 R; v& ^　　A. the discount rate
　　B. the prime rate
4 D) k2 u+ K' [0 c  j5 i　　C. a specific rate decided by the central bank
　　D. 0 percent
　　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
7 v4 h! \0 ^: ~  z" T, x" g" n( q7 R　　D. variability of coefficients of sensitivity to the APT factors for a given asset over time
; P0 d- H0 X$ p6 H6 h, j　　66. In documentary collection， the exporters present the documents to ______ after the goods have been shipped.
6 P  Y0 y! \4 J3 x* q$ L　　A. the remitting bank
　　B. the collecting bank
: z3 p, g4 @6 w3 @　　C. the reimbursing bank
3 C" ?7 X9 H8 A; o+ R　　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.
$ I/ |" p3 y, U1 X# ]5 ^　　A. fewer...rise...decline
* m/ U0 `. k# }6 K. _' I7 ^　　B. more... decline... rise
　　C. more... rise... decline
　　D. fewer...rise...rise
4 x8 B8 A( ^! M9 Y: O- I& G+ {. `) w　　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？ ______.
$ V3 k3 R1 E; Z+ R! ]( J　　A. He is obliged to pay as the documents were in order
$ Q0 S- R- T, W9 E8 J　　B. He can instruct the issuing bank not to debit him
　　C. He can pay a reduced amount to compensate for the inferior goods
* w  j& B  W" G" y5 N# N/ G　　D. He instructs the issuing bank to return the documents with a payment refusal statement to the beneficiary
　　69. Which of the following would be considered a Eurodollar？ .
　　A. A U.S. dollar in a bank outside the U.S.
) N7 L6 c9 M% w( Y! M; ^  f& b0 O+ B　　B. A U.S. dollar held as an international reserve asset by a foreign central bank
. P( U8 _6 }/ k/ \　　C. A Federal Reserve notein the pocket of a tourist visiting Europe
　　D. None of the above
　　70. Which of the following is usually least important as a measure of short-term liquidity？ .
3 M5 l3 I/ B! I/ t2 }$ h, z) l' }　　A. Quick ratio
　　B. Current ratio
, m) u% ]9 Z* R　　C. Debt ratio
5 n& p) @1 u# o% s8 i2 R　　D. Cash flows from operating activities