金融英语 ：FECT1（5）单选题

会计考友

　　1. What are the expected returns for Stocks X and Y respectively？ ______.
, G8 \0 U( }8 {# p　　A. 20% and 10%
　　B. 18% and 12%
8 Y+ s* }5 `. u" y　　C. 20% and 11%
　　D. 18% and 5%
2 M8 m& e8 q7 k　　2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
　　A. Confirmed irrevocable documentary credit
4 y0 u3 |) T$ o" R2 u% y$ i　　B. Open account
* {1 o$ o2 z% ~$ {, k2 S　　C. Documentary collection D/A
; p4 F  Q' m2 F: M. L: ]+ s　　D. None of the above
　　3. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.
5 z. N# p- b' `# z- b$ B　　A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
& E. s0 d0 `7 ]3 d4 A; m　　B. Total liabilities increased by $7 000
9 T" t# a/ B- M* y　　C. Total assets increased by $12 000
　　D. This transaction had no immediate effect on the owner’s equity in the business
　　4. Which of the following terms of payment will entirely eliminate country risk？ ______.
$ F4 }1 e9 a4 l5 _　　A. Revocable documentary credits
( `2 ~1 L1 H) h) m9 |+ \　　B. Confirmed Irrevocable documentary credits
4 x7 A& o6 e. o9 K　　C. Documentary collection D/P
' [- Z  k% i1 R6 C: L/ F6 m' j" {　　D. Documentary collection D/A
* ]$ i- @7 Z/ a6 i　　5. The expiry date of a documentary credit is Sunday， 24 February， and documents have to be A presented to you. Which of the following is an acceptable presentation？______.
　　A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
+ w: u  s3 k. ^0 v" f　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
4 Q5 c! W) h4 ^5 x% G　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
9 m; J( y( w* `& J4 X2 _　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
7 d0 d4 U) F: Q3 V' y" D　　6. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
7 N( A8 F  ?4 j1 U　　A. 15% and 26%
% N4 |2 a. \! t5 U2 p" n, R　　B. 24% and 13%
, @# s2 N( T/ S& P7 A0 j　　C. 20% and 4%
; C# U# p3 |! x/ t　　D. 28% and 8%
& J1 g- h2 y& j　　7. Who makes the first presentation of documents under a transferable credit？ ______.
* K! M" ^+ n% p　　A. Applicant
' x" e' Y: r4 @+ H5 d& Z　　B. First beneficiary
　　C. Second beneficiary
- J% {+ T. I6 l0 v  [　　D. None of the above
5 U' W0 P* v4 H7 S　　8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
$ A/ p) q, F0 u/ J7 |( U　　A. repayment of a $ 10 000 bank loan
　　B. an asset with a cost of $10000 was destroyed by fire
( E5 M7 L# a" b, K4 t+ z5 d　　C. purchase of a delivery truck for $10 000 cash
0 o) w6 J8 ^5 Z8 m' Q　　D. collection of a $10 000 account receivable
　　9. Money ceases to serve as an effective store of value when ______.
　　A. the government runs large deficits
) u) Y' h. R. H# Z+ E　　B. the unemployment rate is very high
; D* v3 B0 n# W0 K, V　　C. productivity in the economy declines
( v; }( p% D, b: E0 A, L　　D. rapid inflation occurs
: r& @4 `( P" R( \9 M　　10. An indication that the money supply is greater than the desirable amount would be .
; K& ~* e$ @$ I- I' n6 Z　　A. insufficient spending and excessive saving
: m" F8 z5 B& F: n, C& }　　B. deflation
. b+ O$ p$ U' w: Y  f0 O　　C. inadequate spending and rising unemployment
+ }/ t( S  u  M( C; u! I: A9 u& d　　D. rising wages and prices