金融英语：FECT-1(3) 单选题

会计考友

　　1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.
3 F) v2 C2 U8 ^- p" F- {　　A. Import of goods priced in a foreign currency
0 f. I4 k# H- o' C　　B. Import of goods priced in RMB
　　C. Export of goods priced in RMB
　　D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
/ c8 Z( }$ Y; U. p2 y　　2. Incoterms address ______.
　　A. the risks of loss between the parties
　　B. breaches of contract
　　C. ownership rights
　　D. type of ship used
- j7 \' I5 K4 ?6 o1 k) U　　3. Which of the following is or was an example of representative full-bodied money? ______.
& H9 I% ~* t& U" d9 {　　A. Debt money
　　B. ATS account
0 S# g" n$ ]! X5 v1 d4 U　　C. Gold certificate
/ M4 r* H& j9 n* n. `) s  Y　　D. Demand deposit
　　4. Risks associated with investing in foreign countries are the following except ______.
　　A. voting risk
: Q9 O- }- k2 `2 n　　B. exchange rate risk
: v" w; a$ O# p0 a0 S9 ?1 W　　C. country risk
. U6 _- H& g0 O- _/ G4 `1 i　　D. political risk
6 c9 t" B* ?2 n7 f: q9 s　　5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.
　　A. Exporter; Exporter
1 e8 D" ?9 X+ F: E　　B. Exporter; Importer
7 Q* z) ]8 h3 p3 y- H! H7 f. R* _　　C. Importer; Importer
　　D. Importer; Exporter
- i  x2 \+ u) i* n' p0 }3 D3 {. m　　6. Default risk refers to the possibility that a borrower may ______.
& ?" i# v  `1 d+ D( S　　A. be unable to repay the principal on his loan
! y6 I: E; ~6 Y7 M/ Q% P　　B. be unable to make the interest payments on his loan
　　C. go bankrupt
　　D. all of the above
$ e! `& a# k# q, t9 c+ y7 A$ H' ?　　7. What is the reserve requirement? ______.
# n3 P) J" q# Y5 C* y! \4 C: F　　A. The requirement of a bank to deposit a percentage of money
, E6 `- c+ N% N& |# `9 V　　B. The requirement for deposits in cash
　　C. The percentage of a bank's deposits in the form of cash reserves
　　D. The requirement for cash reserves
7 y9 x+ U: e+ Q  \% V( [! {/ q" l　　8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.
/ R5 t- _3 R. g. k　　A. a bill of lading
　　B. an inspection certificate
' n" p1 x% b  \  j: H  V6 n8 o# Z　　C. a certificate of origin
# x( X# r0 ~6 P　　D. an insurance certificate
　　9. Arbitrage ______.
　　A. is a general economic term for buying something where it is cheap and selling it where it is dear
　　B. keeps exchange rates consistent across markets
2 Y/ D2 a* U9 l6 }) \4 ]1 ?( l　　C. has been outlawed by the International Monetary Fund
! d/ Y* E4 S) ^" n) S# {  K' U' V　　D. cannot occur where there is a forward exchange market
　　E. both A and B
　　10. What is the purpose of comparing the ledger entries with the documents? ______.
　　A. To prove that all the transactions have made for the right amounts
　　B. To prove that all the accounts have been posted correctly
- z" C) O# ?& z' T$ j3 Z　　C. To check the number of all the debits and credits
% n+ q( {+ E  F5 N/ k. F$ ^　　D. To post the right accounts