金融英语 ：FECT-1(5)单选题

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　　. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
　　A. imports automatically increase
　　B. currency automatically depreciates
　　C. exports automatically decline
　　D. currency automatically appreciates
　　2. Which of the following statements is not true of accounting? ______.
, N3 p& i1 k5 [8 N3 x　　A. Accounting is language of business
6 k/ b0 N* J# r　　B. The user of accounting includes business, government, nonprofit organizations and individuals.
' Y- x8 ~1 Z7 G0 c7 Y+ @, s　　C. Accounting is useful for decision making
　　D. Accounting is an end rather than a means to an end
　　3. The term foreign exchange is best defined by the following statement: it is ______.
$ L8 e9 e, t5 E- p9 X- E　　A. the rate of exchange between two currencies
- _; B/ A8 E; X3 x0 G$ {　　B. synonymous with currency exchange
　　C. the place in which foreign currencies are exchanged
0 \4 K: I3 r* s5 N% ^　　D. an instrument such as paper currency, note, and check used to make payments between countries
4 V3 F8 i- j. J- g+ V7 O　　4. What is Asset Allocation? ______.
　　A. Buying assets of different types, risks, and potential returns
# p' g$ j2 D' W! n! M　　B. Buying assets with more than one brokerage account
+ a4 \* j6 [! A  I　　C. The ability to buy mutual funds
+ o7 \/ S3 H4 z: Y9 u9 g6 j5 {) m% Q6 P- L　　D. Buying stocks for the long term
* q. f% f) T! }5 ]! L: ?　　5. External users of financial accounting information include all of the following except .
　　A. suppliers
8 i4 T5 s0 Q! H: A9 ~　　B. line managers
2 ^4 l) W# ?4 p% P' h　　C. general public
" m7 [( L0 \7 C! \$ Z　　D. creditors
　　6. CAPM is short for .
( d+ j  O3 {4 q8 x. ]0 l5 d　　A. Capital Asset Pricing Model
　　B. Cash Added Price Matrix
/ ]+ w- n' S0 M　　C. Capital Asset Pricing Matrix
& ]6 b2 Q; R  C* Z  s/ m: o2 W, |: S　　D. Cost and Price Model
0 P) i) N2 }7 J1 Y$ S) z. @. U　　7. Liquidity measures the ______.
　　A. value of an asset
　　B. ease with which an asset can be exchanged
% p  [1 \8 }/ F* L: k6 q) O　　C. usefulness of an asset
/ N5 A- o4 {, ]9 x6 ~8 {4 t7 L% S　　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(s) with______.
　　A. documents... the credit
: D# n( ^3 K# g* [　　B. merchandise... the contract
　　C. documents... the contract
　　D. merchandise...the buyer ordered
3 _9 |. z' P$ Y9 E3 J　　9. A barter economy is one that does not possess _______.
　　A. any wealth
　　B. printed currency
+ o& }; L/ r7 `) G) N1 Z2 c; B　　C. a medium of exchange
　　D. gold
% e! X' Z, G6 ?3 ?1 V　　10. Which of the following is not true of airway bill? ______.
7 O. I( l8 b& @8 k+ u. `) e　　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
! X/ `0 j6 Y# Q0 H　　C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
. Y# b. `  x/ T　　D. None of the above