金融英语：FECT-1(8) 单选题

会计考友

　　11. If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to ______ under a system of exchange rates.
　　A. appreciate... floating
　　B. depreciate...floating
　　C. appreciate... fixed
　　D. depreciate... fixed
' V* t. O" x; K　　12. Which of the following is true of a company's balance sheet? ______.
　　A. It displays sources and uses of cash for the period
- \9 T- w/ t  Q+ N4 M, S) N　　B. It is unnecessary if both an income statement and a statement of cash flows are available
& i. h: m' w! a' s  Y) Z  C# N+ R　　C. It is a separate representation of the company's revenue and expense transactions for the year
　　D. It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity
# S( G* E. ]6 C) H& i) j　　13. When Americans or foreigners expect the return on dollar deposits to be high relative to the return on foreign deposits, there is a ______ demand for dollar deposits and a correspondingly ______ demand for foreign deposits.
　　A. higher... higher
. n: b7 w0 T; W; _　　B. lower... higher
　　C. higher... lower
' L( o6 a5 \( c$ I　　D. lower...lower
　　14. Velocity is the ______.
　　A. inverse of GNP
  O5 p! D7 |: |　　B. speed at which checking accounts are converted into cash
( x" V0 E7 s5 u6 P5 ?- h　　C. relationship between the price level and the money supply
7 A& W. ~+ z8 R) q- r　　D. rate at which money turns over
% _: I4 L& k7 e- I　　15. Assume that of your $10 000 portfolio, you invest $9 000 in Stock X and $1 000 in Stock Y. What is the expected return on your portfolio? ______.
　　A. 18%
　　B. 20%
　　C. 19%
　　D. 3%
　　16. Which of the following would you expect to find in a correctly prepared income statement? .
; I: m) W& p6 @, |  e) W% g" E# P　　A. Cash balance at the end of the period
　　B. Expenses incurred during the period to earn revenues
　　C. Contributions by the owner during the period
' Z0 j# V8 _0 M. M; s. W/ r5 A　　D. The reported company's financial position at a specific date
' V! ^$ N3 V7 B# k/ D3 g　　17. The concept of beta is most closely associated with ______.
　　A. correlation coefficient
* s$ z8 h$ Q& o0 o) D　　B. the capital asset pricing model
　　C. nonsystematic risk
　　D. mean-variance analysis
　　18. The velocity of money for a given year can be calculated by ______.
　　A. dividing GNP by the money supply
: r+ P$ v9 Z; n( n4 p+ u　　B. dividing aggregate supply by aggregate demand
- u. B  q! j. j3 R8 j　　C. dividing the price level by the money supply
　　D. multiplying the price level by total output
" l; @8 H4 T) v5 f" e　　19. The theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______.
! s3 V9 P$ J5 Z& U# p% N0 G　　A. the price levels of the two countries
　　B. the current account balances of the two countries
  @; b5 @6 W# K. I　　C. the fiscal policies of the two countries
3 e) x/ f1 [& h6 c7 X2 B0 [, B5 \　　D. the trade balances of the two countries
　　20. Before issuing a credit, it is important for the issuing bank ______.
) D, O" Q8 z9 W- X　　A. to make certain of the importer's creditworthiness
5 z! {( n1 p7 h　　B. to go through the contract terms
　　C. to have a thorough understanding of the exporter
2 o# U) U& p  X: ~　　D. all of the above
　　答案：
　　1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D
　　11.B 12.D 13.C 14.D 15.C 16.B 17.B 18.A 19.A 20.A