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? ______.
　　A. Import of goods priced in a foreign currency
　　B. Import of goods priced in RMB
4 N' w! g2 @. I　　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
/ k4 C/ c7 h3 \( w) B2 \+ D0 x2 V　　2. Incoterms address ______.
　　A. the risks of loss between the parties
" V5 _4 f' T$ }* R5 A  o$ X　　B. breaches of contract
　　C. ownership rights
　　D. type of ship used
6 b9 k* O( B' p5 K+ Y1 E) a　　3. Which of the following is or was an example of representative full-bodied money? ______.
" f* m2 J+ w$ R- B5 V　　A. Debt money
　　B. ATS account
　　C. Gold certificate
　　D. Demand deposit
　　4. Risks associated with investing in foreign countries are the following except ______.
% F: n2 l6 T9 [/ _) n; o) F2 u　　A. voting risk
: ?+ h' B9 P. ]1 |# S( n; u: ]* u　　B. exchange rate risk
2 B2 d- p" F* z+ W　　C. country risk
0 P$ r0 ~5 {( |' e' f5 E6 e　　D. political risk
2 B& }1 ^; |+ o% N2 d7 `5 b9 J　　5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.
+ l' h+ D7 B5 A$ T　　A. Exporter; Exporter
6 N, W& v, s, J# g8 \　　B. Exporter; Importer
　　C. Importer; Importer
　　D. Importer; Exporter
　　6. Default risk refers to the possibility that a borrower may ______.
　　A. be unable to repay the principal on his loan
　　B. be unable to make the interest payments on his loan
　　C. go bankrupt
　　D. all of the above
# U( w' i, H# h. z9 p4 e　　7. What is the reserve requirement? ______.
$ U5 v- {+ y7 x, s5 R0 c# y$ B　　A. The requirement of a bank to deposit a percentage of money
0 Y$ a3 ?9 A6 J) W　　B. The requirement for deposits in cash
, r9 _+ Z4 u8 i! |! l  o2 H% I　　C. The percentage of a bank's deposits in the form of cash reserves
　　D. The requirement for cash reserves
3 W  k1 ^7 V0 ^0 F　　8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.
　　A. a bill of lading
4 h: q) X. ^& X( X$ i; h5 ~　　B. an inspection certificate
　　C. a certificate of origin
　　D. an insurance certificate
  [1 @3 ?! u: I* l4 E- t　　9. Arbitrage ______.
4 @$ b: m2 H: \- U  F2 \" s4 P　　A. is a general economic term for buying something where it is cheap and selling it where it is dear
/ h, M$ |4 Z: a' |7 E# `# R　　B. keeps exchange rates consistent across markets
) J, B; T  l$ k" U3 N# u) f0 I4 a　　C. has been outlawed by the International Monetary Fund
　　D. cannot occur where there is a forward exchange market
　　E. both A and B
1 T# x8 W  S; |( h9 G% P* O& Z　　10. What is the purpose of comparing the ledger entries with the documents? ______.
2 z. g! a* q# ^0 O1 z( U! J  P0 I　　A. To prove that all the transactions have made for the right amounts
) A. j/ T; _9 q* m) q　　B. To prove that all the accounts have been posted correctly
　　C. To check the number of all the debits and credits
　　D. To post the right accounts