1. Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market.
9 r+ B; x0 s, w. }. b- v6 y A. premium
& B- } e& p9 ~8 t# t0 ? B. par* v: P: x$ g' S2 _/ |2 {: |
C. discount
: E, w1 X; _( g, l" C- g D. bar* i& y f1 q( P2 M" ^) { t
2. Which of the following statements about standby letters of credit is true？ ______.
* g2 Z! y, |* P) l" {: l& x3 z3 {; H A. They can serve as a guarantee to a buyer against a seller defaulting# t1 I+ a9 h" t; p
B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods
4 C7 c5 J% j; t2 o F% H C. They are unlike a tender bond in their legal standing and method of operation
4 [* n$ w) w0 X0 h, k4 s/ o D. They are unlike a tender bond with its fixed expiry date$ w/ N; o( r7 J0 N
3. The most liquid of all assets is ______.
3 U$ A! Z$ r& R9 [* b6 P A. the stock of commercial banks
+ `8 ]) M# I4 D' I3 l/ p3 s8 p B. M 1
# I( f1 |( g3 N* i8 q0 s2 b C. intelligence
; G9 H. C9 H' s/ c D. the debt of major corporations, |' K% E4 y8 |
4. Beta and standard deviation differ as risk measures in that beta measures ______.
) s, H' }! K, \% U A. only unsystematic risk， while standard deviation measures total risk# w: q7 S1 U- f; M7 Q+ L
B. only systematic risk， while standard deviation measures total risk' q+ J4 N! W) a O9 u1 }
C. both systematic and unsystematic risk， while standard deviation measures only unsystematic risk' E! w' O* M/ u+ ~% `
D. both systematic and unsystematic risk， while standard deviation measures only systematic risk$ @! q0 J. j* ~
5. What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements？ ______.% ]3 U' ~% P' y8 N: a5 ~
A. Cash provided by or used in financing activities0 o7 [% }3 n! [- k8 H& b5 `1 f
B. Cash balance at the end of the period6 o8 f2 u1 T4 d$ a
C. Total liabilities due to creditors at the end of the period& C d/ O2 M+ K0 u5 F
D. Net income
- b; M: q l% w/ b& R! D: ~ 6. An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：
8 D+ M6 D# @1 P! j0 s. K6 s& H6 z State of economyProbabilityReturn Good 0.1 15% Normal 0.6 13% Poor 0.3 7%The expected return of the stock is ______.
& g- T( ]! k" D2 v: E A. 7.8% C. 11.7%
% P5 a! f5 V+ O6 `% L2 m: i D. 13.0%
4 c( E% s) B! r- E/ |. i; l) S) d B. 11.4%
8 v E6 b0 o# e$ } 7. According to the rules of debit and credit for balance sheet accounts ______.
/ m+ h/ e _/ j) P4 ?5 R0 W. {% a A. increases in asset， liability， and owner’s equity accounts are recorded by debits
) \2 U: c& }" f2 [: E' J B. decreases in asset and liability accounts are recorded by credits
C. l( I7 ?6 ^4 G4 O9 H' Q C. increases in asset and owner’s equity accounts are recorded by debits
h" v+ }( j/ h% O D. decreases in liability and owner’s equity accounts are recorded by debits$ I! S3 Q2 s5 N) o# I
8. Individuals will accept the medium of exchange in return for goods and services only if they are confident that ______.3 C/ N; S0 ^& u5 z. ~. X8 ]
A. the inflation rate is zero
. ?8 v! ^2 j2 p. G B. it possesses intrinsic value/ w0 |" c" S6 b- [5 v. P' Z ^
C. they can pass it on to others
% ^- n, X$ v/ e O* d7 U$ Y& w1 s D. they can exchange it for gold; R5 a- h. r! y2 }$ x
9. When a country’s currency appreciates， the country’s goods abroad become ______ and foreign goods in that country become ______.4 R" {: ?$ [# v; a
A. cheaper... more expensive
2 w' u2 {1 [* i! H& P B. more expensive... cheaper# p/ p+ z& c/ D. A0 L6 Z
C. cheaper...cheaper6 `% @" E& P9 A/ D* ~8 t. \# i
D. more expensive... more expensive5 `- W3 p! y) `
10. A US company is bidding for a contract in China. Its Chinese customer asks for a performance bond. What is the most likely course of action？ ______.
2 k% c+ ~. _- W7 d9 f' ^9 d A. It asks its bank to issue a tender bond which can be converted into a performance bond
1 E" d7 k" S- z* S B. It gives up its bid C. It consults its bank about issuing a standby letter of credit% V# R& T9 N( L
D. It asks its bank to issue a performance bond
' w7 W( p5 u/ p& n N$ {9 g5 [ 11. ABC Co. Ltd. has a $3 500 account receivable from XYZ Store. On March 20， XYZ makes a partial payment of $2 100 to ABC. The journal entry made on Mdrch 20 by ABC to record this transaction includes ______.
2 @" U8 Z C: g$ {+ O$ V A. a debit to the cash received account of $2 100; G: k3 I5 Z# O4 X% }
B. a credit to the Accounts Receivable account of $2 100
% ~/ Z* N3 A; F4 t& B0 p) Q C. a debit to the Cash account of $1 4003 d* v) m3 j% b Z
D. a debit to the Accounts Receivable account of $1 400 Q& [- a( J3 e4 j+ i
12. Intervention in the foreign exchange market means the government ______.
5 Q4 W! U" ]8 ~0 F& ~( b' u5 N, F A. restricts individuals from buying and selling foreign exchange4 ?/ i& Q" ?( k7 H3 ^5 i7 m. N
B. restricts the importation of certain goods3 a( ?) d& x: p( J. w& a N9 {
C. or central bank buys or sells foreign exchange
6 H, v; p; ]7 H9 z" x D. devalues the currency in the foreign-exchange market
# _+ ?: m) K. N0 ^ 13. Which of the following is not a form of countertrade？ ______. X; @# [! b0 k/ J
A. Counterpurchase
0 o3 T, f8 ?- O7 a) B B. Buy-back C. Offset
) ~9 i9 O& S4 f U% W0 z* }/ G R D. Balance trade3 U/ G6 Q: s7 c0 B; M% ~0 L
14. A credit to a revenue account ______.
5 }0 T M' _) B A. decreases revenues
* p0 j) R8 Y; j } a2 _3 X B. increases equity
6 Z$ h! g1 [: u% H, K6 q C. decreases equity |
发表于 2012-8-16 08:05:44
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