金融英语单选测题— FECT（4）

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
- z' L; v, {. J) t* j( o! ^, w　　B. currency automatically depreciates
　　C. exports automatically decline
- F! C; v# B# k. ?　　D. currency automatically appreciates
　　2. Which of the following statements is not true of accounting? ______.
1 K) b3 q1 _, G, m0 {3 |4 B　　A. Accounting is language of business
　　B. The user of accounting includes business, government, nonprofit organizations and individuals.
　　C. Accounting is useful for decision making
; j7 ~6 k4 y9 B4 K; ?( T3 n1 t　　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 ______.
　　A. the rate of exchange between two currencies
( h8 G9 X! k( N. S/ S# k　　B. synonymous with currency exchange
　　C. the place in which foreign currencies are exchanged
5 Z5 |2 @+ `% B# |　　D. an instrument such as paper currency, note, and check used to make payments between countries
/ o5 I0 C/ L: i9 D/ b1 S　　4. What is Asset Allocation? ______.
. N9 N9 U! s& Z& S, O　　A. Buying assets of different types, risks, and potential returns
　　B. Buying assets with more than one brokerage account
3 G: c) q! @7 {% N　　C. The ability to buy mutual funds
　　D. Buying stocks for the long term
　　5. External users of financial accounting information include all of the following except .
　　A. suppliers
! [% V- H1 I) o　　B. line managers
　　C. general public
) v  d$ n( o5 f2 c  N　　D. creditors
1 f' p  L% s' C$ ~1 |　　6. CAPM is short for .
% r5 _0 G' E2 a9 d! b　　A. Capital Asset Pricing Model
　　B. Cash Added Price Matrix
　　C. Capital Asset Pricing Matrix
+ P$ L0 F+ c* }1 \4 Q0 t　　D. Cost and Price Model
　　7. Liquidity measures the ______.
　　A. value of an asset
! c1 w1 [; p# }7 y6 G( i　　B. ease with which an asset can be exchanged
! h- m0 Y( a5 ?　　C. usefulness of an asset
　　D. economic and monetary reliability of an asset compared with other assets
4 @5 \! K& q( \' O3 P, T3 P　　8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.
　　A. documents... the credit
9 j$ ?! Z2 E: |5 i5 X1 i　　B. merchandise... the contract
　　C. documents... the contract
　　D. merchandise...the buyer ordered
　　9. A barter economy is one that does not possess _______.
　　A. any wealth
+ L5 b1 ^* q$ s+ o+ m　　B. printed currency
　　C. a medium of exchange
: d9 G+ z$ m8 \  `1 {　　D. gold
　　10. Which of the following is not true of airway bill? ______.
/ \* w6 S' q! @! V3 ]; d; r　　A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
1 x1 x5 H, w# e$ t- d3 H7 l$ b　　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
! [; U( J7 v2 \( \3 o" q- Y　　D. None of the above