1. Which of the following is not a function of money？ ______.
/ F5 t- |% q* ^9 s8 u$ O A. To act as a medium of exchange; k7 B, {7 V8 f. X6 W. {- y
B. To act as a unit of account
! e0 T5 f- K1 I2 R& f$ F7 H! n C. To act as a store of value+ g- {1 j) F* E3 }) U1 \
D. To provide a double coincidence of wants
Z1 M, G m5 _) e2 U0 c- Q E. To act as a means of payment e/ V* r g5 y! {0 Z. @; o
2. The price in the foreign exchange market is called ______.. o; ?4 t' s3 R/ d" ]% o. j
A. the trade surplus; Y9 {( F5 s/ |0 D6 W# C7 ?# G
B. the exchange rate f; V1 n5 Y5 [5 Q. R! }1 C
C. the money price
8 K/ _. ]9 [+ ?$ t8 W D. the currency rate
+ F6 ?2 Q5 Z' ]. s 3. Market risk refers to the risk of______.- E) ^, j) f6 Y6 {, n7 A0 w
A. financial prices fluctuations. E* O4 p9 h9 K; f2 T2 c+ ^; I
B. default/ T! k- S) Y/ V* z
C. fraud
2 T& m7 ]2 ^8 L0 X3 _! _ m) W/ y4 R5 L D. deferred payments
$ f: B% u0 o& h G# h0 O 4. Which of the following is not among the generally accepted accounting principles？ ______.
+ |/ q* m3 }: J: ]6 G+ X A. Cash basis6 {' ~; Z3 `3 X! h% o8 B, B+ p1 B
B. Prudence
! u6 ]7 D, A* w# u7 [; M* }- m* s: \ C. Consistency: C% y. [: i, ]7 B, S* j
D. Going concern9 ]3 S4 k) h5 t# f3 Q7 O
E. Money measurement.0 Y! z3 O% I- h5 j2 I1 v) T! {8 Y; E: N
5. What is a documentary letter of credit？ ______.% \1 H1 u/ a; N0 Z# k5 t K$ ~
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
a* f7 F* l Q B. A method of lending against documentary security! `3 r, R# Z2 ^9 L+ Z0 @( O
C. An international trade settlement system biased in favour of importers' e& q" i/ T7 J+ q
D. All of the above
3 ^/ c& q) I! E7 _* s$ n 6. Holding a group of assets reduces risk as long as the assets ______.. B& ~" @+ b! S: N# J
A. are perfectly correlated
$ D- ~% `4 X! W3 d1 v B. are completely independent
9 b. T5 ?9 \( T8 l) ] X C. do not have precisely the same pattern of returns
2 _# }# R. Y+ ]7 b8 u D. have a correlation coefficient greater than one
7 [. j5 M$ }, i$ P* N" f, T" u 7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an ." O. T. ~" `# H, b
A. liability4 u7 r8 j$ e, {- _6 t6 a
B. debt6 c0 l6 B- T7 k& L d; y5 A
C. equity
. W+ y# ~0 L8 R D. asset
. p8 D6 E/ R. c: H# |% @( X 8. What function is money serving when you buy a ticket to a movie？ ______.7 M/ w/ i: S- G: @2 H+ N
A. store of value
: ~# @8 _. ~3 t8 c! R4 w B. a medium of exchange
+ Z- N* S* i9 F C. transaction demand
7 a6 S* K% S5 f4 ?- F( y D. a unit of account- V6 h6 t) ?6 m+ `$ ^* ~
9. If foreigners expect that the future price of sterling will be lower， the ______.
6 x5 u/ B+ A9 e A. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall
( X8 p3 D2 @1 m' w' J. J1 e B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase
9 e# v% D! E5 S. K) K0 n C0 b C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise
O5 `9 z6 Z; m- ~ D. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall- @3 d3 d# k$ @
10. The documentary collection provides the seller with a greater degree of protection than shipping on ______., a2 M5 G# e) c6 n3 E7 P. h/ j: y6 x
A. open account3 f( x/ ^1 W9 @' S8 s1 T) o0 X
B. bank’s letter of guarantee
" u. ?, Y; f# F X2 ], T C. banker’s draft& E( H# T( T( x) S1 [( B( h5 Y& ]# h
D. documentary credit
( U7 u5 z* I4 }: b 11. Which of the following statements is not true of central banks？ ______.
8 i7 M6 |% }4 N7 j, g A. They pay the government’s salaries* `, ]# ]1 o+ @, N" r0 @8 n
B. They always undertake the regulation of the banking system
4 Z! x$ X+ `4 g. Z C. They are always the lender of last resort
5 [7 |: Z0 E! d! ^1 Q& d+ j D. None of the above
8 [: ~$ e# x$ K7 Q5 r7 k& @& N 12. When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar ______.
% J2 \1 V' C. j9 w A. appreciates by 12.70%' _- w7 u1 F0 p6 t; Y9 I
B. depreciates by 14.55%" f0 E3 U& d6 U4 i- C; M6 N
C. depreciates by 12.70%- R0 r6 s6 z2 a7 |2 {7 L: R8 o1 X G
D. appreciates by 14.55%' `9 }2 B- g) a
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 l$ x5 d+ `$ f$ h
A. If X and Y are totally independent with each other， the risk of the portfolio is reduced/ {" X- O8 P3 y. |
B. If X and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offset
* }- P% {& m+ h9 l/ A1 d C. If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increased0 o9 s- o/ T6 ~
D. If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased7 h' l+ C/ N0 o: r
14. These are four main methods of securing payment in international trade：6 Q, a* j H$ E! }( l" K* Q1 S4 m
payment under documentary credit
5 E1 J1 k! f2 l1 d, D open account
+ B* F% q+ U# ?% w7 E collection， that is document against payment or acceptance of a bill of exchange- P3 G6 k! g! [ [
payment in advance
! s2 |) S+ h% A6 } From an exporter’s point of view， the order of preference is ______.
& u+ z5 k. x3 T9 B A.，，，
; J8 G1 B. S* I+ W! d7 B6 x B.，，，
0 @2 W6 A/ z6 F7 V7 t' h H C.，，，
. r7 o# }$ z/ h4 p, I ]' J D.，，，9 }- h) I6 E \" p
15. The main liability on a bank balance sheet is ______.# D+ I1 B7 H1 L3 S7 }, I
A. deposits
/ K2 K! s2 C" l- ]; ?& M5 y* Z: O B. capital and reserves
" P8 z5 _9 {8 Z8 ?9 X C. loans and overdrafts- g% m4 i: i t H1 j. {" G8 g8 X
D. cash
' d+ p# B7 @, n- Y% }* s 16. ______ shows that net income for a specified period of time and how it was calculated.2 q1 x, ^/ I; @/ l" S# u
A. The income statement
: W# c7 y, o3 G% ` B. The capital statement |
发表于 2012-8-16 08:05:44
