金融英语 ：FECT1（4）单选题

会计考友

　　1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system， its .
　　A. imports automatically increase
) U% _. z/ B& i' x　　B. currency automatically depreciates
3 M% A3 Q! E- V% Q9 x　　C. exports automatically decline
6 [7 ?* f9 m- t$ n　　D. currency automatically appreciates
& G$ i5 C; \# P! @　　2. Which of the following statements is not true of accounting？ ______.
　　A. Accounting is language of business
1 A$ ^$ {0 D8 D+ A  Q5 a　　B. The user of accounting includes business， government， nonprofit organizations and individuals.
　　C. Accounting is useful for decision making
1 w( F$ }* j$ U8 N5 }* Z; K- ^　　D. Accounting is an end rather than a means to an end
/ I3 Q6 F0 G# K! }3 y　　3. The term foreign exchange is best defined by the following statement： it is ______.
　　A. the rate of exchange between two currencies
　　B. synonymous with currency exchange
) M3 |: I( r' n* J4 ?5 g　　C. the place in which foreign currencies are exchanged
1 H0 I% _- |3 G2 u0 O& C) `　　D. an instrument such as paper currency， note， and check used to make payments between countries
1 g* {' `' ?: n7 D$ d( c　　4. What is Asset Allocation？ ______.
　　A. Buying assets of different types， risks， and potential returns
　　B. Buying assets with more than one brokerage account
　　C. The ability to buy mutual funds
  d$ Y+ W! R; q$ T) I8 ?1 [* |　　D. Buying stocks for the long term
　　5. External users of financial accounting information include all of the following except .
* }! s, P5 j- i3 |" N　　A. suppliers
　　B. line managers
. M+ {$ ]! _- j  r8 K4 b. v# \　　C. general public
　　D. creditors
- e" V1 \$ q; ?. E. ?　　6. CAPM is short for .
/ n$ I' v4 T. z2 n8 f# L, O5 _　　A. Capital Asset Pricing Model
　　B. Cash Added Price Matrix
　　C. Capital Asset Pricing Matrix
# T+ C3 H3 p0 q1 @　　D. Cost and Price Model
5 H, _$ [4 i. B4 P5 {　　7. Liquidity measures the ______.
　　A. value of an asset
　　B. ease with which an asset can be exchanged
5 S0 I& T7 n) B1 I# [" E4 k　　C. usefulness of an asset
　　D. economic and monetary reliability of an asset compared with other assets
0 t! {$ m% r7 Y6 }9 j9 B　　8. In a letter of credit transaction， the bank pays the seller against ______ which agree with______.
0 N5 J( I+ _: s$ L/ W. i  k0 l, z　　A. documents... the credit
0 Y, T, J6 g0 z5 K0 h* I, ?3 C　　B. merchandise... the contract
! ?  u- n6 t6 l　　C. documents... the contract
　　D. merchandise...the buyer ordered
　　9. A barter economy is one that does not possess _______.
　　A. any wealth
　　B. printed currency
& b9 W- A1 K, n; a4 M$ `' [4 m　　C. a medium of exchange
8 `; ?9 K. j4 J- m　　D. gold
　　10. Which of the following is not true of airway bill？ ______.
　　A. When goods are delivered to the airline， the airway bill is signed by them or their agents as a receipt of the goods
7 U! I" ~* y, \. t0 ^0 ~　　B. Airway bill is a document of title to the goods
　　C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
- }. g# r* e; J  A1 Q& [. p　　D. None of the above