1. Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market.$ W7 ?& j; k% r
A. premium$ x; T- w, ` a+ D# v2 N1 |% i
B. par8 R: N4 y' j; l
C. discount
8 y2 N& K% x5 D, \3 s# c1 P D. bar
3 {2 A1 C2 I) j, k 2. Which of the following statements about standby letters of credit is true？ ______.
' b- [% z+ D0 M; C! Q. O A. They can serve as a guarantee to a buyer against a seller defaulting
0 E5 B& s3 [% J0 `: E B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods
/ c1 P! E3 [0 p1 u- J C. They are unlike a tender bond in their legal standing and method of operation
: O# d# x/ ^8 Z9 x a; r D. They are unlike a tender bond with its fixed expiry date
/ }! M* A6 |8 u7 [1 P; ?3 Z 3. The most liquid of all assets is ______.7 w+ m% r7 | X0 G) ^8 S
A. the stock of commercial banks
- E& e. R- x7 q. o B. M 11 S+ v6 A! @: R4 X9 G
C. intelligence5 `; `* P4 v8 i( P+ n) [" P& u5 ~
D. the debt of major corporations
/ R( V! B8 G q+ }# y/ T& w 4. Beta and standard deviation differ as risk measures in that beta measures ______.7 {" e% Y8 V4 p4 m: J
A. only unsystematic risk， while standard deviation measures total risk' \ h8 _7 r4 v
B. only systematic risk， while standard deviation measures total risk
, n" O" d( J( c% n4 K n- j. h C. both systematic and unsystematic risk， while standard deviation measures only unsystematic risk3 G/ P% b% K6 B4 r! M6 Y% i
D. both systematic and unsystematic risk， while standard deviation measures only systematic risk
: C' `1 @3 ^: L# \ 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？ ______.
% P5 r' A4 f% r5 G9 \, } A. Cash provided by or used in financing activities
/ S& I1 k( t# } B. Cash balance at the end of the period8 f" t' Q7 d3 X8 T/ F
C. Total liabilities due to creditors at the end of the period
% m7 `* L$ l8 \ D. Net income
! w6 v( t ?; ?1 y 6. An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：
" o6 V+ J9 ^: s9 L& ~- f: { State of economyProbabilityReturn Good 0.1 15% Normal 0.6 13% Poor 0.3 7%The expected return of the stock is ______.
6 y- I( k ]5 x# r A. 7.8% C. 11.7%
: A, X b# p1 N D( @3 I( S D. 13.0%
8 U4 E5 `1 Q) h B. 11.4%
( @8 }3 b7 i6 \ 7. According to the rules of debit and credit for balance sheet accounts ______.
; z$ P; N7 E$ r A. increases in asset， liability， and owner’s equity accounts are recorded by debits5 z4 l' u6 m8 \4 e3 {
B. decreases in asset and liability accounts are recorded by credits# m4 I3 E4 `& Z) J! z* g
C. increases in asset and owner’s equity accounts are recorded by debits
. b4 a( V) h; H& G+ a% ` D. decreases in liability and owner’s equity accounts are recorded by debits9 t/ p6 K6 q# p
8. Individuals will accept the medium of exchange in return for goods and services only if they are confident that ______.
$ I; F8 @$ t1 I$ R) ? {- u5 d A. the inflation rate is zero: m% x& u* a" O2 h$ u
B. it possesses intrinsic value8 u0 ^9 P; X F! K# n! ?" ]+ d
C. they can pass it on to others+ v" n5 F# {- a f! P e, q1 `
D. they can exchange it for gold
; E) ]- }& g( E3 p; m" j 9. When a country’s currency appreciates， the country’s goods abroad become ______ and foreign goods in that country become ______.
3 Z3 t( S" ]1 I3 O; J( i# w A. cheaper... more expensive
$ Y5 B* I4 K) [. V# g0 D+ J7 P4 q B. more expensive... cheaper
8 j7 Q5 F' l u! [$ @ C. cheaper...cheaper8 R" {! @, q9 T; I+ y% R3 ~
D. more expensive... more expensive- h1 J. j8 n. h, y+ M& G0 m
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？ ______.
* B& ]" S' F) r3 h" T. ^# [' F2 O A. It asks its bank to issue a tender bond which can be converted into a performance bond* u1 ?, a1 D; e0 g# c! L
B. It gives up its bid C. It consults its bank about issuing a standby letter of credit+ u) E* b4 B: b' q! n
D. It asks its bank to issue a performance bond
, b3 R* _! I. ^! V2 D 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 ______., L7 X% m3 B7 r% _6 f
A. a debit to the cash received account of $2 100
0 w0 k9 z4 p7 q% j B. a credit to the Accounts Receivable account of $2 100
3 c) [* M1 |+ g7 ] ? C. a debit to the Cash account of $1 400* q& I7 y! i4 f- z
D. a debit to the Accounts Receivable account of $1 4008 t. ~3 w; o' R) R3 Z# ~/ C
12. Intervention in the foreign exchange market means the government ______.
, T- E* p' d( k% I2 V A. restricts individuals from buying and selling foreign exchange
( i! _, i: R; K& u5 l k5 p5 d) I B. restricts the importation of certain goods
) N& s2 N- o& o1 S' d C. or central bank buys or sells foreign exchange# C1 b+ l3 k9 H6 n* s& `2 E1 ?
D. devalues the currency in the foreign-exchange market7 |+ \8 C, s d
13. Which of the following is not a form of countertrade？ ______.
+ b& z* s0 N! \7 f# j, z4 l A. Counterpurchase
9 Z4 w7 X! I) y$ G B. Buy-back C. Offset
* _0 B) V$ q4 Q" X# B8 T) B D. Balance trade% U9 S g8 @9 A% v9 A9 i
14. A credit to a revenue account ______.
* f; g) f0 k1 w j+ B A. decreases revenues1 ]) n* u, ^! j8 c4 l
B. increases equity* c' h! E- u$ f9 d! U7 }7 Y# [0 x
C. decreases equity |
发表于 2012-8-16 08:05:44
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