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
　　B. currency automatically depreciates
* p2 q8 T: d$ Z3 `! |, X( Z　　C. exports automatically decline
8 S4 }# G/ c- p$ C  b& f! Z# s: K0 @　　D. currency automatically appreciates
/ X/ ^" z+ e: e　　2. Which of the following statements is not true of accounting？ ______.
1 S" c  j; g% f0 ?9 c　　A. Accounting is language of business
7 R6 @# ^/ A$ y0 ?* d. D5 B　　B. The user of accounting includes business， government， nonprofit organizations and individuals.
1 T( M4 r8 k1 E1 ]0 u+ C　　C. Accounting is useful for decision making
　　D. Accounting is an end rather than a means to an end
& I: _: ?2 L3 x　　3. The term foreign exchange is best defined by the following statement： it is ______.
& D; [$ x0 R- w7 @, a9 W$ s　　A. the rate of exchange between two currencies
　　B. synonymous with currency exchange
0 d) w! k! ?5 }: l- x　　C. the place in which foreign currencies are exchanged
( G6 x/ m( n4 k/ ~. ^　　D. an instrument such as paper currency， note， and check used to make payments between countries
　　4. What is Asset Allocation？ ______.
　　A. Buying assets of different types， risks， and potential returns
! {: A3 ]2 Y! F　　B. Buying assets with more than one brokerage account
( }0 T  L& F" a! ~8 M　　C. The ability to buy mutual funds
# m3 B! a1 u- S/ v. X" B　　D. Buying stocks for the long term
9 c8 [( `% @5 |; N9 c6 V　　5. External users of financial accounting information include all of the following except .
　　A. suppliers
　　B. line managers
- y& I2 O) ?! s7 P/ k  W0 J　　C. general public
　　D. creditors
* h; A/ i8 a% y8 _. q　　6. CAPM is short for .
3 J! I; F+ u( f# \7 g6 S& |　　A. Capital Asset Pricing Model
* U" l0 Z9 t( s$ K* H( F% l/ M　　B. Cash Added Price Matrix
/ S4 J% g) _/ X1 A　　C. Capital Asset Pricing Matrix
　　D. Cost and Price Model
　　7. Liquidity measures the ______.
　　A. value of an asset
# r) f: Q, W* [  q- o3 N  C7 f6 ^　　B. ease with which an asset can be exchanged
　　C. usefulness of an asset
　　D. economic and monetary reliability of an asset compared with other assets
　　8. In a letter of credit transaction， the bank pays the seller against ______ which agree with______.
　　A. documents... the credit
8 y" X* G1 ]0 A& {# c! t　　B. merchandise... the contract
1 Z1 Y. o: G, A/ s! ~; d/ G　　C. documents... the contract
　　D. merchandise...the buyer ordered
4 q4 t) `0 L& W! }! }　　9. A barter economy is one that does not possess _______.
; d% x/ Y6 f" z1 r5 Q2 d. e　　A. any wealth
　　B. printed currency
- F) Q- p% l1 J- u　　C. a medium of exchange
　　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
　　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
. {  q: p9 I; b/ y+ e# ?" T　　D. None of the above