1. Which of the following is not a function of money？ ______. A. To act as a medium of exchange5 T8 ^" R3 G( R! P
B. To act as a unit of account
4 d* S0 `# H8 @# z4 J C. To act as a store of value
0 w* D( w A/ J5 s D. To provide a double coincidence of wants! n" a- N; ]$ `
E. To act as a means of payment3 l" P- q2 F8 H4 X+ T
2. The price in the foreign exchange market is called ______. r) P: Z- h3 G# A7 G0 R
A. the trade surplus
$ Z1 |. f R% g) S$ X& [ B. the exchange rate: {1 {' f( q; z# E" q* ^. L) t
C. the money price4 b5 v$ W- H. E1 `6 i6 ?
D. the currency rate7 U, a, Y8 _, Y
3. Market risk refers to the risk of______.; P: _6 [3 P6 x9 b
A. financial prices fluctuations# i2 M4 h+ i7 P) s8 J5 m+ i/ \
B. default
: ^0 x/ l3 K7 ~( B- ~1 @! Q9 X C. fraud4 d' f5 X O6 G. E) J$ Y/ n
D. deferred payments
) e9 h0 C$ v' O2 |0 b( E" G G 4. Which of the following is not among the generally accepted accounting principles？ ______.# I! l* r/ _! C) {7 x# L
A. Cash basis! j7 t, w( b5 O+ X! v. W3 q
B. Prudence
+ m+ q3 v' {0 ?' w. E8 R0 K% q% | C. Consistency
& _ ?3 L4 F `1 `7 h; f: S D. Going concern* T" ]( i- ~7 {- O
E. Money measurement." M6 o+ E. q a( O W$ T; |
5. What is a documentary letter of credit？ ______.6 Q4 t$ z, K) n% j
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
! x6 f, c% B0 F3 Y6 Z- U# o1 q7 t B. A method of lending against documentary security
/ _$ w0 c/ Q" e* U: l' X/ [# i3 P C. An international trade settlement system biased in favour of importers1 x f5 {! B% v
D. All of the above
- y- i: X( O7 P& x 6. Holding a group of assets reduces risk as long as the assets ______.
7 N% P# R" |2 Q! z o u# k A. are perfectly correlated6 P9 f! F9 S* Z4 `7 j9 @, s0 q( V
B. are completely independent! c/ ~: J. M8 A8 d8 X: r* j, T
C. do not have precisely the same pattern of returns5 v* ?" ^4 T( P K3 R2 s0 P3 z; W/ ?
D. have a correlation coefficient greater than one
' g8 T; N' V! ~6 f 7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an .
* P, H* s. `& Y9 I A. liability/ d0 `8 P8 f! g( ]/ J) ^2 [
B. debt
" X4 R# a" Z; Y: D5 B" H5 u& ` C. equity e- g% Z: a4 ?* r, q. f- v! L2 a
D. asset( j9 }6 o. ?: ^; ]1 s
8. What function is money serving when you buy a ticket to a movie？ ______.
" k8 R3 _% y3 a- n7 [) m9 t A. store of value& r9 w8 g- i8 D" V! i6 L
B. a medium of exchange" Q( x; H1 }& n" }% J' G/ d4 \
C. transaction demand
- ?/ ~8 s2 ^* ]8 K$ ^2 n# S D. a unit of account
( X$ x* Z1 U/ y1 `+ f+ u" W, a# s6 z7 x 9. If foreigners expect that the future price of sterling will be lower， the ______.
8 p( s: W2 }9 _7 M5 x* W3 n A. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall
+ F/ \( f& V) _! z B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase8 m# m( ` G& A' ~% k$ `% t) s
C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise
% Q f8 J1 B7 w- _ D. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall" L( s# v. i! }8 N L, R
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.
* H' U8 ]) ?8 A% V& p( K; _$ Q+ [6 I A. open account1 e. v, U. q# q( a& [3 G
B. bank‘s letter of guarantee
( T+ z9 o$ @$ ~8 e' M! b# N. U C. banker‘s draft& E. ^. e- K1 _" u, L1 N
D. documentary credit
- d- t8 o/ x6 k, b 11. Which of the following statements is not true of central banks？ ______.
8 b! m. h& Z1 h8 d3 C A. They pay the government‘s salaries' n; S: p& p( y ^
B. They always undertake the regulation of the banking system
* @: L1 v9 r+ I+ u: U" ^8 e6 f6 T* y# M C. They are always the lender of last resort
7 g( p" e- X B0 N# q$ ` D. None of the above
! k6 O) W6 u7 y& f. y1 F- d 12. When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar ______.8 Y( ~ i, M/ L1 o! r9 f
A. appreciates by 12.70%9 W" [1 V, A% S! I) m) Z* }
B. depreciates by 14.55%
4 n- f+ f' L) D C. depreciates by 12.70%
6 M- e. R2 {! N6 O D. appreciates by 14.55%
* S' n. {( d: ~4 c) `7 r 13. According to diversification principle in investment， suppose you invest Stock X and Stock Y with equal funds， which of the following is not true？ ______.
6 G( j3 r0 I- T) M: }$ [6 D7 T A. If X and Y are totally independent with each other， the risk of the portfolio is reduced
, O& y/ f- w! u, T, ]! ` B. If X and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offset
* e* h L9 W$ v1 o6 d C. If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increased2 \5 y$ B3 e8 f9 I' r& l$ E0 x: u
D. If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased
% B/ p" r2 V# ?2 a' H4 Y3 a 14. These are four main methods of securing payment in international trade：
0 g4 U( e( b( V2 R payment under documentary credit
G% h! j, U% ?' p: R open account
2 O" W, k4 i1 O: M collection， that is document against payment or acceptance of a bill of exchange. e7 }7 ~, M/ e% l
payment in advance# c$ V' G! \2 G: S/ I7 A
From an exporter‘s point of view， the order of preference is ______.
- o) H8 h4 Y' T4 T/ N& z& @ A. ， ， ，5 d4 R0 G3 }+ Z; [- E0 S9 f
B. ， ， ，
, J N! W4 q' \/ t& N C. ， ， ，% j- u( M9 o8 p4 v
D. ， ， ，" H( o' `2 z) e8 n2 K
15. The main liability on a bank balance sheet is ______.
) E5 x' [6 g' R A. deposits
/ z, ?) | B% k+ N/ k B. capital and reserves6 @' Z6 k# p% N8 M6 u3 v. e" [' a7 p/ B9 E
C. loans and overdrafts0 q- j1 {' t$ f% d
D. cash: W1 _. @. o5 q+ G
16. ______ shows that net income for a specified period of time and how it was calculated.# u! K) ?1 A+ b7 L' l" v
A. The income statement
5 h6 q) h& \& _( `; X+ Z B. The capital statement _7 O2 \9 t6 F3 J) _
C. The accounting statement |
发表于 2012-8-16 08:05:44
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