1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
( w2 k+ l3 E: d' _" k A. imports automatically increase
+ |+ P& h# c/ ~) Z B. currency automatically depreciates0 I% ~; Z0 f W7 o
C. exports automatically decline' ~* Z! Y) U: U3 p; b
D. currency automatically appreciates$ o. l# ?% r. v, z) y6 R% R% P* g
2. Which of the following statements is not true of accounting? ______.
" f; M9 }# z% `8 c3 y) @ A. Accounting is language of business
7 M' t- Y6 ~, Z+ {- u% \) G3 P B. The user of accounting includes business, government, nonprofit organizations and individuals.
9 Y- k0 A9 ]- f: c* W C. Accounting is useful for decision making
( a2 c6 _2 f1 H: F2 r& E3 c. v D. Accounting is an end rather than a means to an end6 |4 S! C9 p- I; M0 K
3. The term foreign exchange is best defined by the following statement: it is ______.
( g# M8 K6 Y1 ?, ?- m+ O& ~/ ~( b! P A. the rate of exchange between two currencies
# @" C1 G3 D0 I+ ] W* n" X B. synonymous with currency exchange* b, P: Y( {2 H- L9 a: ?
C. the place in which foreign currencies are exchanged- S, n0 n/ R3 K/ J( @! o: K1 ]
D. an instrument such as paper currency, note, and check used to make payments between countries
% X- e) t. j% B* K( C& d 4. What is Asset Allocation? ______.. z2 x- u( m- a6 X, F( q! E
A. Buying assets of different types, risks, and potential returns
; M! e5 v( t1 m. }6 f+ A7 L( H0 K ^3 I B. Buying assets with more than one brokerage account# v! B* n! u# y* T# s
C. The ability to buy mutual funds
3 C5 S+ g7 J6 h1 @) k D. Buying stocks for the long term
; b( j" J' d) X# J- I6 M 5. External users of financial accounting information include all of the following except .$ j" F! @( W7 S; u2 v/ I. J7 [
A. suppliers
2 C) ]8 l! B3 I" M; c0 y6 G B. line managers
& Y; |* g3 ]8 A! S C. general public
9 R( f) N4 g, T2 W+ V! @ D. creditors
% U6 t. E7 J& e' d4 p" a; U# a9 U 6. CAPM is short for .& P1 d9 m0 l2 |* \- ^! @( C
A. Capital Asset Pricing Model
( J$ j, w% \9 g' D% P6 y8 ` B. Cash Added Price Matrix
* U( V6 D8 z. A, @9 u C. Capital Asset Pricing Matrix
% o5 h4 p* O' s8 f D. Cost and Price Model7 L( o2 K0 w$ n" D* k& u
7. Liquidity measures the ______.
% u* D2 g6 c; b# o& p' P- ? A. value of an asset
7 m7 ^ L1 p n9 C+ b' d; a: M B. ease with which an asset can be exchanged1 U# h% D* ?/ o0 O
C. usefulness of an asset
2 N! b3 j9 @' Q; { D. economic and monetary reliability of an asset compared with other assets
- m) R0 l! }- \1 E6 \1 r @/ h 8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.
8 B: E) O0 ?& ^5 z4 d& R, o A. documents... the credit% E" e6 `2 m$ R- q0 t
B. merchandise... the contract1 k" O' h3 W" i& v3 l" s9 o' ^
C. documents... the contract6 ]3 Y* L+ e5 d+ G
D. merchandise...the buyer ordered+ o! ^7 b6 [) b. a) F
9. A barter economy is one that does not possess _______.2 c; C% t) H3 O! o8 l) \4 D7 ]. Q
A. any wealth7 l" o, q0 r, c0 g; a, j! \; p$ P
B. printed currency/ o j* Q$ s4 x
C. a medium of exchange& j% c i0 N' |) W
D. gold
0 W1 U: ~7 E- E& E! D* e 10. Which of the following is not true of airway bill? ______.
3 P0 T2 Y0 @" L7 J% n4 r2 s/ e; i A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
$ O1 ]4 h6 {0 W- ~; Q) p* @7 K B. Airway bill is a document of title to the goods
# K3 `& O# x; L4 O C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight! A8 Q+ r5 K# W3 O& t% c1 {
D. None of the above
1 A4 q, i! h3 T! x: K 答案:1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B |