10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.
, Y2 `9 R; \2 Q, f2 I5 | A. open account
! ?6 {- z: e0 x! ^; h T- D& o% X! n B. bank's letter of guarantee3 w `5 I: E6 k/ e& f
C. banker's draft
# P6 t+ v( R- o0 R5 F: v% R D. documentary credit! l; }" ]9 F! D. X5 Q( y, O' `
11. Which of the following statements is not true of central banks? ______.3 b/ Q. W& ^1 ?5 [0 U
A. They pay the government's salaries/ P# ^" f4 p" P* d/ ?
B. They always undertake the regulation of the banking system& ?) ]5 R5 P# I) Q# H, u& ^6 p) j
C. They are always the lender of last resort/ D. Q9 j; E1 r4 E, {, ?" K6 O* B
D. None of the above
7 J% A& Y0 A# d: T* o% G 12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.
6 C+ \. J# B& }$ }1 A% Y' N A. appreciates by 12.70%
" x9 u. u/ u: ]! a$ o$ `" w0 i B. depreciates by 14.55%1 W1 _$ x2 n8 Y4 U; j' N: ?
C. depreciates by 12.70%
1 Z0 K( R# I* C2 P% o' C D. appreciates by 14.55%' G9 f A5 ]' O. j: h. l
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? ______.1 r. b4 ^3 u+ H+ b6 Z
A. If X and Y are totally independent with each other, the risk of the portfolio is reduced9 Y0 H9 |" B0 W9 J/ Q* o8 A! B: b- U
B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset
- S* V, E4 O! D3 Q+ @# O: z C. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased
! ^% I5 l; h) t3 ] V8 u D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased- m' H8 V1 f. ^- l
14. These are four main methods of securing payment in international trade:
; X% S) [ L: T (1) payment under documentary credit
' K( d* G1 _* V (2) open account
( ^ _8 |9 |# l! U (3) collection, that is document against payment or acceptance of a bill of exchange
2 k0 Y+ W7 J! K6 U- c (4) payment in advance
3 |) i) Y6 `. j3 z$ w From an exporter's point of view, the order of preference is ______.
- e& |6 ?9 i, p A. (4) , (2) , (3) , (1)4 [9 n d7 R7 k8 m8 I* ]& r
B. (4) , (1) , (3) , (2)
0 |: p+ n& a1 g5 ], M8 W! t# { C. (4) , (3) , (1) , (2)
" s; D5 @; T( c0 ?: s* N" `* Z D. (2) , (4) , (1) , (3)- l3 j) R5 Z3 k$ Q" Z" J h. i
15. The main liability on a bank balance sheet is ______.
# z3 b8 W' V5 b. d A. deposits
1 @2 C C9 ~" l9 j' O, |: o B. capital and reserves+ K, t. j. ` q1 c- m
C. loans and overdrafts+ E) N9 T' C/ G- v
D. cash1 s1 Q V' b" S! Y/ \$ q9 i! l
16. ______ shows that net income for a specified period of time and how it was calculated.
6 i6 Q5 {' u& i" y/ m' i A. The income statement
3 {+ E6 ^$ X Q3 K4 N! y4 o B. The capital statement# L( X* `4 _( R
C. The accounting statement# x1 b0 U7 z6 B+ L' ]
D. The statement of financial condition
5 J" ^9 p& N* l0 Q$ F8 L# g 17. Why must the liabilities and assets of a bank be actively managed? ______. |
发表于 2012-8-16 08:05:44
