金融英语：FECT-1(5) 单选题

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　　. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .
　　A. imports automatically increase
1 T9 r. e; I5 h2 n　　B. currency automatically depreciates
$ ?' a/ K% ?) ]3 X　　C. exports automatically decline
3 s, d' v1 X! s! I# I　　D. currency automatically appreciates
# J! c* m. q: W% y. Y& F0 k　　2. Which of the following statements is not true of accounting? ______.
0 S1 B- M+ W8 L　　A. Accounting is language of business
　　B. The user of accounting includes business, government, nonprofit organizations and individuals.
8 `8 Y7 C/ L; V1 p* q4 e　　C. Accounting is useful for decision making
　　D. Accounting is an end rather than a means to an end
　　3. The term foreign exchange is best defined by the following statement: it is ______.
　　A. the rate of exchange between two currencies
　　B. synonymous with currency exchange
　　C. the place in which foreign currencies are exchanged
2 r+ a- [; R& c1 E; S　　D. an instrument such as paper currency, note, and check used to make payments between countries
　　4. What is Asset Allocation? ______.
) H- T4 |& {! u　　A. Buying assets of different types, risks, and potential returns
" M. K# W+ `, o, l. M9 ^　　B. Buying assets with more than one brokerage account
　　C. The ability to buy mutual funds
' @8 S) }$ ^) W. b4 i　　D. Buying stocks for the long term
　　5. External users of financial accounting information include all of the following except .
　　A. suppliers
　　B. line managers
　　C. general public
. d7 X- A( r. l2 V6 {- k4 t　　D. creditors
5 s* k& Q: ^% i6 s" n　　6. CAPM is short for .
$ B) \" D: ^! k1 c) _8 v　　A. Capital Asset Pricing Model
: c& \; r5 g  g5 m0 D9 r　　B. Cash Added Price Matrix
- W0 B. `$ `) {　　C. Capital Asset Pricing Matrix
　　D. Cost and Price Model
# n( o' E. v3 u# k# C* ^7 R! i　　7. Liquidity measures the ______.
$ A3 |! K. b) o! l; b6 Z　　A. value of an asset
　　B. ease with which an asset can be exchanged
, S! j. D& }2 i. I( A　　C. usefulness of an asset
! p. c2 `3 F: v+ r  {4 i0 ?, W$ J1 O　　D. economic and monetary reliability of an asset compared with other assets
2 D: f, f$ A- H6 G: d) Z* O, {　　8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.
/ D2 r1 ~# o, ]　　A. documents... the credit
　　B. merchandise... the contract
　　C. documents... the contract
# n6 b. g$ g  k( i3 ?6 y! H  a　　D. merchandise...the buyer ordered
- s0 j  J' c5 ^* S2 x# G　　9. A barter economy is one that does not possess _______.
' m! e' s( Z# L/ C& T) P1 p1 K# ?　　A. any wealth
　　B. printed currency
　　C. a medium of exchange
' W/ b$ J6 M4 X: J7 Z　　D. gold
- a8 k. ]! \$ N! V, U) B　　10. Which of the following is not true of airway bill? ______.
% D2 }" d! ^5 T  b　　A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goods
　　B. Airway bill is a document of title to the goods
% X( H0 H7 T2 w. O, O　　C. Airway bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
7 Z# J7 b$ P" h  A　　D. None of the above