1. Which of the following is not a function of money? ______.
. M# C) C' W% j6 \. e. O! Z. I A. To act as a medium of exchange
; z1 Q- H: g! D$ w" |* B* f B. To act as a unit of account( W$ n) l/ i/ G e7 G( L* N1 ~
C. To act as a store of value
, g8 p0 z( z% ^$ t* I) U j G D. To provide a double coincidence of wants* l' S& q& c9 u2 B, `) h7 ~
E. To act as a means of payment
2 @* _) s9 x8 x- z: k; d2 I 2. The price in the foreign exchange market is called ______.
5 _6 T, w% h* O7 L A. the trade surplus
( U* I" F$ u" `3 G$ E B. the exchange rate0 s; T2 q2 g# j' R2 z5 X
C. the money price) ]' ~! ^9 `) L4 L% U
D. the currency rate
9 y7 I+ L; Y' s# I) Z- _3 j' c 3. Market risk refers to the risk of______.$ e) s# ]1 Q* S4 x7 d
A. financial prices fluctuations0 k8 z* l7 c( ~8 ^- ~; s
B. default1 o* S% n) t* G" y
C. fraud+ Q) G8 [/ C5 {7 f8 f1 F: ], U
D. deferred payments
- ]4 ~! F( l* z; J {/ d6 j( s! Z 4. Which of the following is not among the generally accepted accounting principles? ______.' b4 I" h E+ G8 r- `
A. Cash basis* m9 K( V: k7 e- W. m% V! }
B. Prudence: p5 V G" g+ v
C. Consistency
# A& y5 f8 e2 E! O D. Going concern( Y" \2 o: ^8 o( e
E. Money measurement.
8 i: q% x0 u, S( W' d$ `, e: r# u' e' S 5. What is a documentary letter of credit? ______.
, _# \+ g) c* g& ^- R7 j8 t- O7 g A. A conditional bank undertaking to pay an exporter on production of stipulated documentation9 _/ a1 D( W! `# V2 Z6 z
B. A method of lending against documentary security3 i& M6 r# V2 a, Y2 H; }+ e& G! W9 S
C. An international trade settlement system biased in favour of importers6 x$ g) ~! I$ v: F0 s' q* k: r
D. All of the above3 ?$ m' ~* K5 t/ q% X6 u
6. Holding a group of assets reduces risk as long as the assets ______." j+ h* y1 z1 z. J
A. are perfectly correlated% g0 s) x! D4 n
B. are completely independent+ \! ^3 f C6 ]' m: Y: g
C. do not have precisely the same pattern of returns" s, n' h* d# n& J
D. have a correlation coefficient greater than one
& B3 S8 @0 D3 V; d) J 7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an .
- h7 x* j* F6 @ A. liability. R1 ^$ ^1 f3 \/ x; U& u
B. debt4 b0 W3 D7 V- i9 y w3 x: R, f4 L3 V
C. equity, Y& ~$ I$ b9 m$ q+ k y4 h
D. asset
2 \8 L3 N$ |+ e: ^5 [: g. P 8. What function is money serving when you buy a ticket to a movie? ______." l+ g! S D `( W
A. store of value! V6 A: @) Z" o. o0 h L2 V
B. a medium of exchange
9 h% k. s: n) c! {( O; _1 Z v) [ C. transaction demand/ G4 w3 A/ n: c8 a# ?9 _0 Z7 L
D. a unit of account# h; D+ G5 u/ C* x
9. If foreigners expect that the future price of sterling will be lower, the ______.
% A+ N7 @) Q( b2 K' { A. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall, _+ g' I- V, Z. `! v1 s
B. supply of sterling will increase, demand for sterling will rise, and the exchange rate may or may not increase
% @+ B" S. k4 t% c* C d: k& c C. supply of sterling will fall, demand for sterling will increase, and the exchange rate will rise% _8 `; Y w Y' `; r% s
D. supply of sterling will fall, demand for sterling will fall, and the exchange rate may or may not fall |
发表于 2012-8-16 08:05:44
