. What are the expected returns for Stocks X and Y respectively? ______.
. u, z) H& P) s' W) u A. 20% and 10%& n Q/ ?; U+ c9 M# {) A
B. 18% and 12%* S, j: y2 d2 ]# F5 T7 a
C. 20% and 11%) S6 g" w7 O! K4 h' P( N9 Z+ O
D. 18% and 5%* X9 I, w2 _$ J9 C+ t% y
2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
3 \5 j6 {0 o' A! c5 l A. Confirmed irrevocable documentary credit
& S0 O" p! v R v B. Open account4 N; k) Y7 M! Z) p1 V% a
C. Documentary collection D/A
+ _) P: q6 d3 y5 L+ b5 w D. None of the above
. `& d0 o6 ]/ e; @% W5 Q- t 3. ABC Co. Ltd. purchased a car for $ 12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct? ______.
# j: E5 t( E2 l, b6 s6 m; R A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent6 [" \+ K2 R3 T0 ?6 N
B. Total liabilities increased by $7 0008 m7 F: M0 a- l/ ~' i
C. Total assets increased by $12 000( S# Q5 t0 V; @
D. This transaction had no immediate effect on the owner's equity in the business4 d5 q8 o- ]) o! U1 o6 l" l2 k
4. Which of the following terms of payment will entirely eliminate country risk? ______.
/ y' s# M/ k( T/ U5 H& X4 Z A. Revocable documentary credits. X0 }/ Q$ d/ B# B
B. Confirmed Irrevocable documentary credits D4 Q, w0 ]- T
C. Documentary collection D/P0 Z0 ]$ V/ ?; w( n
D. Documentary collection D/A
' f. l, _6 x! |0 I. ^ 5. The expiry date of a documentary credit is Sunday, 24 February, and documents have to be A presented to you. Which of the following is an acceptable presentation? (Assume there is no latest stated date for shipment stipulated.) ______.8 |4 W) t t& H" j. Y' _
A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
- H7 o0 H* t& e B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
* h' ]& p$ g0 z5 e/ T: B C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February& |6 ]$ l- r( W+ g0 G/ y
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
% r. |, T {* [ 6. What are the standard deviations of returns on Stocks X and Y respectively? ______.8 D* K8 V# E, G1 B0 t' r
A. 15% and 26%/ \2 z( R' w; p$ W E5 l
B. 24% and 13%
7 h2 |) a3 A; A$ V C. 20% and 4%
4 c' u6 h! L7 t- P9 {, ], X: ^ D. 28% and 8%* u1 W& `, m. ^( L0 d5 \/ w
7. Who makes the first presentation of documents under a transferable credit? ______.
2 x% X; u/ P% p8 @' N) S4 o, W3 S: m A. Applicant
) J2 q: [- H" }8 i7 x f% U B. First beneficiary$ v& Y" a) J; c2 z
C. Second beneficiary6 I; g% b7 O E5 N
D. None of the above/ `' J% n& ~- ^. f" |2 h
8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
9 j4 s9 `4 ^1 U A. repayment of a $ 10 000 bank loan
+ M: ~& @8 }9 A+ u$ z B. an asset with a cost of $10000 was destroyed by fire
5 Q. J7 o% K0 ~5 k0 D* {# ? C. purchase of a delivery truck for $10 000 cash: I% p, |/ |9 w' a0 q. W: \
D. collection of a $10 000 account receivable; r" |5 L5 l4 @4 h8 O5 q) f
9. Money ceases to serve as an effective store of value when ______.( v4 f: D) e/ a, F1 c' a4 U
A. the government runs large deficits# p1 w4 B# }& J+ \/ i/ |9 D
B. the unemployment rate is very high
+ L& ^& ^) I; @& M5 J C. productivity in the economy declines
( t' `8 e3 e6 Y5 G, b& H D. rapid inflation occurs
# |, z8 v( T% n+ Q* q 10. An indication that the money supply is greater than the desirable amount would be .
. N+ Q: y+ \; j A. insufficient spending and excessive saving
. _0 i Z# U5 t( } B. deflation! m8 R/ _ y2 C8 E1 C
C. inadequate spending and rising unemployment" u- [) ?+ w' `' |5 c
D. rising wages and prices |
发表于 2012-8-16 08:05:44
