1. What are the expected returns for Stocks X and Y respectively? ______.
B0 R/ A" @* `( S6 ~5 [5 m" h A. 20% and 10%
& b" i2 x2 y1 f6 i B. 18% and 12%1 o) g! u9 w/ g0 k* b0 g
C. 20% and 11%- G1 i7 m( Q) o
D. 18% and 5%
9 [; x$ f9 @2 T4 r, z+ z8 g8 O3 j 2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______./ `# o1 f5 w: L: j2 P
A. Confirmed irrevocable documentary credit
2 Z% j; y9 s' K& O/ e- y6 V B. Open account) i& O/ ^/ S7 Z3 j7 \" ^$ C
C. Documentary collection D/A
- t0 {, e5 O( v) o D. None of the above+ f9 w) v% F; K) k7 s$ W2 b
3. ABC Co. Ltd. purchased a car for $ 12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct? ______.
o7 X2 S/ M J1 X0 O4 S U A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent
5 D% M3 m u2 q" a B. Total liabilities increased by $7 000
; U( _7 k# O0 s C. Total assets increased by $12 000
2 ? m, M6 T9 J D. This transaction had no immediate effect on the owner's equity in the business
. k% k) f& ?0 p/ S7 X t 4. Which of the following terms of payment will entirely eliminate country risk? ______.- \9 X4 Q) \( H$ ?! x
A. Revocable documentary credits" |4 f+ h1 y8 N9 _
B. Confirmed Irrevocable documentary credits; @5 [' S7 Q+ a3 F
C. Documentary collection D/P
1 y& `/ z. z1 E5 B( Y D. Documentary collection D/A% J0 C% h. X0 G5 t2 n" J
5. The expiry date of a documentary credit is Sunday, 24 February, and documents have to be A presented to you. Which of the following is an acceptable presentation? (Assume there is no latest stated date for shipment stipulated.) ______.6 z+ Q9 P8 H1 b/ C, T, R% `
A. Presentation to you on Monday 25 February with the bill of lading dated 25 February" Z& ?3 Y W# e: ^
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February$ h5 A7 Q5 k4 J# [; J9 S
C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February# l% [: A7 e$ N& W2 b u5 M
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
5 h4 v8 P7 U7 r+ f9 A2 a2 d; L* z* n 6. What are the standard deviations of returns on Stocks X and Y respectively? ______.
2 m& m) e# U* ^' N' Y A. 15% and 26%
' h, c5 ^4 b! D' k: V7 U: K B. 24% and 13%( Q# A# B9 E1 s9 m: `0 `% U% J
C. 20% and 4%. f/ V4 v+ y7 k
D. 28% and 8%
" U) f H/ [$ U& y/ G9 \ 7. Who makes the first presentation of documents under a transferable credit? ______./ T! ?, i$ i4 U% J0 O6 ~
A. Applicant
) T& d* P- Z; h6 t0 a7 P B. First beneficiary6 l: o z( r/ Q8 F3 l
C. Second beneficiary( Z, n5 C$ h" b
D. None of the above
+ ]8 m- l0 [8 V5 v7 z 8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.+ k& n* }# B% P9 F$ |
A. repayment of a $ 10 000 bank loan. u- b$ E3 Y* l3 s# Y, B n& F) K
B. an asset with a cost of $10000 was destroyed by fire# D( d ^- A" D8 e* t: a1 x1 Z E
C. purchase of a delivery truck for $10 000 cash
. s6 a9 f! J5 b) H4 l- z D. collection of a $10 000 account receivable$ \ p3 H q1 j1 I
9. Money ceases to serve as an effective store of value when ______.
% |; k1 j5 M! b A. the government runs large deficits$ R$ P; g. _" W$ t2 o
B. the unemployment rate is very high0 q9 X) r. B/ W9 V+ ?, B
C. productivity in the economy declines
K3 I6 }# H! e D. rapid inflation occurs
/ {& P* |; Z$ e: }+ W0 Q: l 10. An indication that the money supply is greater than the desirable amount would be .; M: A0 J9 D5 s
A. insufficient spending and excessive saving. j& m. z D# K8 l I. @2 O2 C$ c
B. deflation3 w8 h4 Y7 x: q2 V+ f. r7 U
C. inadequate spending and rising unemployment
- H7 Q" ^- Z+ W9 U; n) I& A D. rising wages and prices 外语学习网5 ^1 C0 L# h1 L# S5 q5 y9 _6 D
答案:1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D |