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
$ R. Y) y. i6 V/ B9 @5 S# }　　B. depreciate...floating
# r1 l# a* x9 @2 @! {: w　　C. appreciate... fixed
　　D. depreciate... fixed
　　12. Which of the following is true of a company's balance sheet? ______.
1 o) R5 E6 |, m2 L9 c2 n　　A. It displays sources and uses of cash for the period
　　B. It is unnecessary if both an income statement and a statement of cash flows are available
　　C. It is a separate representation of the company's revenue and expense transactions for the year
9 q5 o' a" i( v2 N9 f0 G5 E4 |) A2 g　　D. It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity
　　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
　　B. lower... higher
4 e) y2 ?; g8 n6 t  }( e　　C. higher... lower
9 E" @: [6 b! j9 _8 R　　D. lower...lower
　　14. Velocity is the ______.
　　A. inverse of GNP
$ U$ W8 u% O9 Q3 V6 P　　B. speed at which checking accounts are converted into cash
, {( ^3 X0 h( E* {! N( E0 u* A　　C. relationship between the price level and the money supply
　　D. rate at which money turns over
　　15. Assume that of your $10 000 portfolio, you invest $9 000 in Stock X and $1 000 in Stock Y. What is the expected return on your portfolio? ______.
　　A. 18%
　　B. 20%
　　C. 19%
; }/ ^/ Q! Y2 P8 L" n0 f, I　　D. 3%
　　16. Which of the following would you expect to find in a correctly prepared income statement? .
8 N% Q# i+ D! j: @　　A. Cash balance at the end of the period
: d- n, ^8 [' z; M  x: |+ D  V) u　　B. Expenses incurred during the period to earn revenues
　　C. Contributions by the owner during the period
　　D. The reported company's financial position at a specific date
, Z9 K9 x$ w* C8 \　　17. The concept of beta is most closely associated with ______.
　　A. correlation coefficient
　　B. the capital asset pricing model
　　C. nonsystematic risk
( b" f* w2 ^) w! N　　D. mean-variance analysis
　　18. The velocity of money for a given year can be calculated by ______.
　　A. dividing GNP by the money supply
　　B. dividing aggregate supply by aggregate demand
1 Q6 k( |! f; a  m　　C. dividing the price level by the money supply
! w. H; b. @- I6 V3 G% n! K　　D. multiplying the price level by total output
, w9 m2 R  U4 g. X7 }　　19. The theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______.
8 }( |9 t! H$ H! w: }& `) }+ Z8 P　　A. the price levels of the two countries
　　B. the current account balances of the two countries
9 F  K, m7 X- w1 v) G0 i　　C. the fiscal policies of the two countries
　　D. the trade balances of the two countries
　　20. Before issuing a credit, it is important for the issuing bank ______.
　　A. to make certain of the importer's creditworthiness
　　B. to go through the contract terms
. v; ?; f2 M0 z+ U  |+ v　　C. to have a thorough understanding of the exporter
5 l  I3 \3 Q! u% x　　D. all of the above
! N' r2 j9 M9 j% }6 E! c1 S　　答案：
　　1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D
$ |) d! M4 i9 T% g1 y- n+ u3 q　　11.B 12.D 13.C 14.D 15.C 16.B 17.B 18.A 19.A 20.A