1. Which of the following is not a function of money？ ______. A. To act as a medium of exchange
# H0 O6 o$ C$ x0 j+ p; N B. To act as a unit of account* ~+ R% l6 O, Q. t
C. To act as a store of value
7 p& C1 t0 H' b6 t f D. To provide a double coincidence of wants
`/ x) X! t/ P+ v; L7 y E. To act as a means of payment
L5 x h. [( D+ ^: k) \2 \0 z q 2. The price in the foreign exchange market is called ______." c" ~6 v) r! b6 p
A. the trade surplus/ @6 G& W& {* G p0 Y8 e: M
B. the exchange rate' N4 r) v' F6 c/ o8 F
C. the money price
4 f# J C- z% O3 d D. the currency rate! ]4 m! E# y4 j0 U6 U
3. Market risk refers to the risk of______.
" t, {3 K0 s: S" p2 D- C! a j A. financial prices fluctuations
6 t# o+ k2 a- S0 \2 B$ D/ L7 ^* u/ y B. default
/ {! Q( i0 ?! E8 T; f C. fraud
1 l0 x5 ]4 Z/ L2 \" V D. deferred payments
" Z1 B/ w) s+ h3 I2 N 4. Which of the following is not among the generally accepted accounting principles？ ______.
3 R( e- ~1 ~" y8 M' w A. Cash basis% {2 U7 x0 Q. Q+ N- q; w' e
B. Prudence
0 O* M* k& u+ d% Q6 p" U& S9 A C. Consistency" t8 e; d7 Y/ A. R
D. Going concern" r6 G3 p$ L- E4 E
E. Money measurement.
* @& N0 l* g, `/ ^3 y7 Y7 k) v/ v3 m! a 5. What is a documentary letter of credit？ ______.6 J% h* v7 N+ T4 K, t
A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
3 C3 @' i* E, f/ I6 e B. A method of lending against documentary security; ^. u: O% v# \6 j. s; y' \" T
C. An international trade settlement system biased in favour of importers
# B/ o& m5 f! D8 @$ L D. All of the above
7 t Z O( E; o6 e# W: ` 6. Holding a group of assets reduces risk as long as the assets ______.
/ g) A: y+ m" m1 q9 D6 N2 t+ Q* Q: k A. are perfectly correlated4 d. x5 T( |5 K# x, \$ ]5 R3 t
B. are completely independent+ Q0 x4 i, B( z+ S9 w
C. do not have precisely the same pattern of returns6 ~, C) y, n- }, O; ?' s8 e
D. have a correlation coefficient greater than one
3 n: r' W9 ]6 l& N% ` } 7. An amount， payable in money goods， or service， owed by a business to a creditor， is known as a/an .
' |0 a, K9 e5 n& g _' k A. liability( z2 A- W# Z: W0 u- m# f4 T
B. debt
g' E" c. t* ~& C; R C. equity4 D. H& ^6 J5 f% P3 D2 c* X+ _. n8 L
D. asset5 J7 G8 S" @2 c$ K, M# E' X
8. What function is money serving when you buy a ticket to a movie？ ______.: x. E+ k& d. f+ p# X+ ~
A. store of value' d8 |. E4 D' e& i
B. a medium of exchange* Q5 [4 P9 f K5 M# Y+ h
C. transaction demand
/ ], j- V9 ~1 A. F+ c4 n5 g; W D. a unit of account3 @2 K2 V+ N- C4 ?/ D, J
9. If foreigners expect that the future price of sterling will be lower， the ______.
0 k* I) A6 b9 @; G1 \ A. supply of sterling will increase， demand for sterling will fall， and the exchange rate will fall
! Q3 Y: K4 L, m% O5 a B. supply of sterling will increase， demand for sterling will rise， and the exchange rate may or may not increase
) S( E. K4 W! r4 h6 `, z! M C. supply of sterling will fall， demand for sterling will increase， and the exchange rate will rise0 F- e# M8 T8 A8 B8 f
D. supply of sterling will fall， demand for sterling will fall， and the exchange rate may or may not fall
$ B" e" x: D: V 10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.
8 F/ R9 ?( b; B7 Y A. open account4 w1 N8 r. X+ S+ d) c
B. bank’s letter of guarantee
5 K+ v) ?$ t& L6 @& P C. banker’s draft
9 C% R. v4 e8 t% A' N3 [# d D. documentary credit
( t, A. E. l" l" q/ b1 T 11. Which of the following statements is not true of central banks？ ______.
: Y: g; w& V. s: y' ?: k& Q x8 _ A. They pay the government’s salaries
- T9 {% h2 ^* N& f+ `" d B. They always undertake the regulation of the banking system
! w5 D5 Z! F/ k6 o& @! C+ \7 m8 I C. They are always the lender of last resort8 Z0 q r7 I1 r; s! f
D. None of the above& ]& b, W/ n8 Q. o' m7 e# {; ^; x
12. When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar ______.
# {! k' x3 F- F0 l* m A. appreciates by 12.70%
9 m8 G; o. e9 c4 K, ^ B. depreciates by 14.55%
) X m$ v% Q1 {6 W# f0 H C. depreciates by 12.70%2 W, U; ?0 B2 L6 O6 F) h- e
D. appreciates by 14.55%
7 K# @7 `5 k( l, P% @3 x3 m* V 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？ ______.
% ^' I4 R8 B( X8 n) t A. If X and Y are totally independent with each other， the risk of the portfolio is reduced2 h9 E* L' m' D
B. If X and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offset
, [1 P7 Q, D' ~* B$ H0 [ C. If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increased1 a. B N5 D' E# b
D. If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased; V$ U% O, x ~; `* p, G( v3 n9 l
14. These are four main methods of securing payment in international trade：
7 ?7 C5 F% X5 D |8 w- K+ M payment under documentary credit
1 Q' U6 H" P$ h8 h3 G( S open account. y# m) r% p# |, y) r8 Q
collection， that is document against payment or acceptance of a bill of exchange% E& l: G3 z8 g2 ?+ ?2 z) I' C# ^
payment in advance0 ?$ g3 K k v7 L
From an exporter’s point of view， the order of preference is ______.6 d9 t8 |( K& {% b$ t
A.，，，) v$ x" j$ Y% H
B.，，，$ H0 N1 h& N5 ^5 X' M$ ~
C.，，，
4 E& C. w, ^/ A( U. q D.，，，
( u0 F0 k/ N# ^" N 15. The main liability on a bank balance sheet is ______.
. ?3 q" F! d+ e. T6 w! t6 ~ A. deposits
: ?% c9 z( s) u( F s) ] B. capital and reserves* L1 D* \& x8 P5 b) G
C. loans and overdrafts) v5 b2 {% I* l, b9 ]
D. cash
, B* n) ~+ u% r& P A# t: G* J 16. ______ shows that net income for a specified period of time and how it was calculated.
* [5 U$ W- C2 R s& Y A. The income statement
0 J7 H* x, `6 C* q8 Q$ j B. The capital statement
. G% Q' [" Z) |6 o5 t |) p C. The accounting statement
9 z- H+ @' W9 L" z0 b D. The statement of financial condition |
发表于 2012-8-16 08:05:44
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