金融英语：FECT-1(7) 单选题

会计考友

　　. What are the expected returns for Stocks X and Y respectively? ______.
9 y! b- M  B% U% \5 T: S) l0 R　　A. 20% and 10%
' ^5 W& y% J! N3 u6 Q9 r　　B. 18% and 12%
. A# ]$ z+ m9 f( ^　　C. 20% and 11%
　　D. 18% and 5%
( K/ a& m7 g! Q5 c( g　　2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
, {$ C4 [6 [! T8 `) Y4 e. d/ F　　A. Confirmed irrevocable documentary credit
8 @- i! \8 K* b　　B. Open account
  Z2 q7 {: i* [& v4 M　　C. Documentary collection D/A
5 A3 \  o6 K0 W% S4 f9 M　　D. None of the above
　　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? ______.
( p# K; `' L. T% K　　A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent
3 |: g  J) e0 C9 B+ b　　B. Total liabilities increased by $7 000
　　C. Total assets increased by $12 000
5 y0 J. E6 _2 D# v; C　　D. This transaction had no immediate effect on the owner's equity in the business
/ I+ O0 c0 V8 V+ x1 G5 ?; }6 E　　4. Which of the following terms of payment will entirely eliminate country risk? ______.
　　A. Revocable documentary credits
% i$ X  G( N: P4 j) D　　B. Confirmed Irrevocable documentary credits
/ L# B' V8 f( y! ]: w- Q; Y/ ]* W　　C. Documentary collection D/P
/ x, U/ m& \2 L3 d3 V" m　　D. Documentary collection D/A
/ `. U, |2 m  \. y  Q. y　　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.) ______.
' K! o1 e3 t: v2 {7 q: ^8 V5 l' t　　A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
+ S* g, V% u2 C$ F# g　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
) W. \5 X1 N' w" u0 M　　6. What are the standard deviations of returns on Stocks X and Y respectively? ______.
　　A. 15% and 26%
" p9 L2 Q8 y) X# F　　B. 24% and 13%
　　C. 20% and 4%
　　D. 28% and 8%
6 V' Q2 p1 U0 P" a4 V　　7. Who makes the first presentation of documents under a transferable credit? ______.
　　A. Applicant
, ^: i( p8 O% [& ^( y6 _  v　　B. First beneficiary
& s# I5 ?1 w2 k0 f　　C. Second beneficiary
3 O: a1 D( D/ J' ]6 n8 l5 Z- y　　D. None of the above
　　8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
% s! v6 x7 b: Y0 w. _$ o' y　　A. repayment of a $ 10 000 bank loan
3 b; C5 \% X% y9 \0 O6 Q, Q4 p8 O　　B. an asset with a cost of $10000 was destroyed by fire
! h% o( H* v" y! @) s$ o7 O' ~　　C. purchase of a delivery truck for $10 000 cash
　　D. collection of a $10 000 account receivable
, n/ t4 }: D) `　　9. Money ceases to serve as an effective store of value when ______.
　　A. the government runs large deficits
　　B. the unemployment rate is very high
% a9 B" |0 f+ _  j9 \! c　　C. productivity in the economy declines
　　D. rapid inflation occurs
　　10. An indication that the money supply is greater than the desirable amount would be .
# X4 q# \  J6 y. X( W# g4 W　　A. insufficient spending and excessive saving
$ ^" r. m5 a( o, T( \　　B. deflation
　　C. inadequate spending and rising unemployment
　　D. rising wages and prices