金融英语：FECT-1(1) 单选题

会计考友

　　1. Which of the following is not a function of money? ______.
" k% A7 n/ M8 v* R8 y　　A. To act as a medium of exchange
9 N& `% I) ?  Z1 B4 j" B　　B. To act as a unit of account
　　C. To act as a store of value
5 Y& P- J" o# w0 b4 p7 v% _　　D. To provide a double coincidence of wants
; e7 |8 W2 p9 c) o- o( m( \　　E. To act as a means of payment
' Y- w# e+ b- l. A- D+ v# s　　2. The price in the foreign exchange market is called ______.
1 h9 N7 a, Q& V2 ?　　A. the trade surplus
　　B. the exchange rate
　　C. the money price
　　D. the currency rate
　　3. Market risk refers to the risk of______.
　　A. financial prices fluctuations
! m  m; f$ _3 ]: ?8 ^2 q  ], q' O. k7 K　　B. default
　　C. fraud
) P4 K; [! h$ r8 R4 o+ y　　D. deferred payments
　　4. Which of the following is not among the generally accepted accounting principles? ______.
　　A. Cash basis
2 B* @0 i& G5 W, k; z4 M' ~　　B. Prudence
　　C. Consistency
! v# C9 |" u" r4 g" B; ~　　D. Going concern
　　E. Money measurement.
* e) s3 Y( O9 j' b　　5. What is a documentary letter of credit? ______.
　　A. A conditional bank undertaking to pay an exporter on production of stipulated documentation
% q# R9 |  v, V  B2 d" T- J　　B. A method of lending against documentary security
　　C. An international trade settlement system biased in favour of importers
6 _7 J) r) L( c/ Y! G# G　　D. All of the above