10. The documentary collection provides the seller with a greater degree of protection than shipping on ______.* f) }: [) s: A, J4 g" ~! J
A. open account
6 J2 B' q; n0 N6 Y, @4 g9 Q B. bank's letter of guarantee: E+ H& C! F) ?; Q* X$ X6 a, M3 i
C. banker's draft
( V* Y' I* C- V6 L# p D. documentary credit6 b* s) [. i' E; F+ t$ j7 L5 M4 }
11. Which of the following statements is not true of central banks? ______./ w' n2 z5 j. C; [6 e9 }
A. They pay the government's salaries
q( j8 M3 X$ Y B. They always undertake the regulation of the banking system
. w% ]4 i' K/ a U; j, K C. They are always the lender of last resort Y. V2 m" @0 _0 `
D. None of the above4 e1 o- T6 g8 y
12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.- t3 x: j6 O& f& R9 z* ?* A7 E4 n
A. appreciates by 12.70% _9 y) x5 G! z
B. depreciates by 14.55%
3 k# F. R) W! d7 ^$ u+ @ C. depreciates by 12.70%2 c% R& ]/ d. O- F9 O
D. appreciates by 14.55%
% @( f& ]% H% s: }0 ]. { 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? ______.' }3 H2 P* V8 O& [( L# E; ]
A. If X and Y are totally independent with each other, the risk of the portfolio is reduced
2 [" m8 N8 @4 ?- ]9 A% c B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offset+ T1 g0 x- k; i# i+ b
C. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increased* m4 o3 P7 Y" N" |
D. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased
8 z. }0 ]- l z& ], u6 j9 Y 14. These are four main methods of securing payment in international trade:
, K H5 c; K8 W* e+ e (1) payment under documentary credit, N3 v* d( j6 g2 T3 c8 L+ D: Y4 P
(2) open account
9 r+ U$ x; m$ \: {# F" m$ j& U, G! @ (3) collection, that is document against payment or acceptance of a bill of exchange; b: w( B1 u$ c5 ?+ A( e
(4) payment in advance( |, W/ |# g [
From an exporter's point of view, the order of preference is ______.2 s! Q8 k5 h W2 V. k- r y
A. (4) , (2) , (3) , (1)" n9 L3 M* q: d* j! P) ^0 i
B. (4) , (1) , (3) , (2)
3 E$ Y l5 w; X9 ]5 S9 s: B5 v. l C. (4) , (3) , (1) , (2)9 u9 ?, e& u* e, J) B3 Z: ^/ R
D. (2) , (4) , (1) , (3)+ d+ W7 C( }, Y1 U: b
15. The main liability on a bank balance sheet is ______.( i) v. h5 i' S: e
A. deposits
8 g. v& S9 z9 u' V: a, V B. capital and reserves- A: u r1 |, G0 C( J( ^% i
C. loans and overdrafts
2 j% Q6 f5 n- w; r9 Z D. cash
9 w2 Q* b9 x" g) u7 J7 A% t$ i2 k 16. ______ shows that net income for a specified period of time and how it was calculated.$ J. Z/ S" d+ ~& M0 e6 f4 p5 V
A. The income statement
/ b# Z0 M; \0 V; @ B. The capital statement2 R( [$ ]* u' d* E$ V. Z2 U
C. The accounting statement
. k( Y2 S3 e1 H. o" Y7 u D. The statement of financial condition, ]- R3 r1 [+ x. G3 J0 h& q
17. Why must the liabilities and assets of a bank be actively managed? ______. |
发表于 2012-8-16 08:05:44
