. What are the expected returns for Stocks X and Y respectively? ______.
/ q& X9 @" Q2 g. ]" \# c% V A. 20% and 10%
, k" {" }. ` T/ a2 W+ M B. 18% and 12%4 @0 K# `8 j2 Y: ~* B& o- L
C. 20% and 11%
* \* ]2 Y2 d& E( F. z o7 J D. 18% and 5%" z V( l( ]" ]- w: O$ s2 [' _
2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.: N* K/ t: d, T, w5 s
A. Confirmed irrevocable documentary credit
. S0 b8 T" T1 x2 s2 W* Z B. Open account
$ N' {$ ]: p- u# k( `* L% l C. Documentary collection D/A
1 B, d$ z9 _- A$ w D. None of the above
* G; q3 J" {: f 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? ______.
4 @2 F5 Z# Q* q* K2 L A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent
9 c! J( z3 i( ~& m0 E B. Total liabilities increased by $7 000
( k D' O+ L6 b& H* F C. Total assets increased by $12 000
4 k4 K' E& ~. d, V) W% V- c2 P. f* A D. This transaction had no immediate effect on the owner's equity in the business2 E: x4 R0 g, ]8 n6 [8 K( Z) A
4. Which of the following terms of payment will entirely eliminate country risk? ______.% g8 k! B, ~$ I. N9 y
A. Revocable documentary credits; w# Y7 Q- ^- ` _$ @
B. Confirmed Irrevocable documentary credits# n$ E: X5 o+ e3 \1 j% G% j: ?0 u( w$ `
C. Documentary collection D/P8 g4 }+ d k- w, b O
D. Documentary collection D/A
% H; J7 X! {4 f0 s Y 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? (Assume there is no latest stated date for shipment stipulated.) ______.
( ]4 N4 ^0 {1 K2 [$ l- w% ~ A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
$ S( a; ^( s, Y B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
# ~; [ `7 U( A. [ C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
8 Y: H: ^7 y7 q9 F D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
1 r* L3 j8 K1 Z( c' b 6. What are the standard deviations of returns on Stocks X and Y respectively? ______.- }: G% ?" S, o6 e: n! L4 b& \
A. 15% and 26%
0 ^# r; ~" j& r" `0 o- v B. 24% and 13%
/ n$ l+ @& N6 t7 F% B$ ~& s C. 20% and 4%
+ K2 }( O$ ?1 D D. 28% and 8%9 z! N, k5 T1 V; F4 i- A
7. Who makes the first presentation of documents under a transferable credit? ______.4 o7 p9 N0 T5 O1 f8 V% d' A& @* }
A. Applicant
( v; L! s: ?. x! l+ F1 T$ N* |+ ~ B. First beneficiary
! K0 ]4 r# U ~" ~" R9 q. Y' i C. Second beneficiary5 |; I) i2 Y. N9 j3 d0 ~
D. None of the above
2 D* A) c- r) m( ?" s 8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
7 x, p* e! E0 B A. repayment of a $ 10 000 bank loan% F" w1 o# o3 F0 [
B. an asset with a cost of $10000 was destroyed by fire
, ^9 a% \: l I2 C' G* x C. purchase of a delivery truck for $10 000 cash
# w8 `6 ^" o/ R- k/ i# C D. collection of a $10 000 account receivable
! Q& ~4 n9 E1 Q+ m" g! L 9. Money ceases to serve as an effective store of value when ______.0 K$ y3 W+ Z( I' f& \% [
A. the government runs large deficits
~7 R0 t1 o3 Z9 l6 I8 k B. the unemployment rate is very high) o; d+ X- E/ z1 D5 l" b
C. productivity in the economy declines. `" O& Q2 k4 i) f/ b) m, h" O, Y6 f) A3 _
D. rapid inflation occurs# Z2 f7 O/ a' A; v7 ]/ T: L
10. An indication that the money supply is greater than the desirable amount would be .
a9 v) m/ K5 l9 T" o- [. H A. insufficient spending and excessive saving6 f; u" P. r/ S+ Z# k
B. deflation
) E1 O o, L! N( ]" ^$ g C. inadequate spending and rising unemployment
7 c8 s# Q! x/ n0 E+ ]0 Q D. rising wages and prices |
发表于 2012-8-16 08:05:44
