金融英语试题：FECT-1(6)单选题

金融英语试题：FECT-1(6)单选题

第一考试网整理以下内容 #

1. What are the expected returns for Stocks X and Y respectively? ______. #

A. 20% and 10%

B. 18% and 12%

C. 20% and 11%

#

D. 18% and 5% #

2. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency? ______.

A. Confirmed irrevocable documentary credit #

B. Open account

C. Documentary collection D/A #

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? ______. #

A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent

B. Total liabilities increased by $7 000 #

C. Total assets increased by $12 000 #

D. This transaction had no immediate effect on the owner‘s equity in the business #

4. Which of the following terms of payment will entirely eliminate country risk? ______.

#

A. Revocable documentary credits

B. Confirmed Irrevocable documentary credits #

C. Documentary collection D/P

D. Documentary collection D/A #

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? ______.

#

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

#

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 #

6. What are the standard deviations of returns on Stocks X and Y respectively? ______. #

A. 15% and 26%

B. 24% and 13%

C. 20% and 4% #

D. 28% and 8% #

7. Who makes the first presentation of documents under a transferable credit? ______.

A. Applicant

B. First beneficiary

#

C. Second beneficiary #

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 ______.

#

A. repayment of a $ 10 000 bank loan

#

B. an asset with a cost of $10000 was destroyed by fire #

C. purchase of a delivery truck for $10 000 cash #

D. collection of a $10 000 account receivable

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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 #

C. productivity in the economy declines #

D. rapid inflation occurs

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10. An indication that the money supply is greater than the desirable amount would be . #

A. insufficient spending and excessive saving #

B. deflation

#

C. inadequate spending and rising unemployment #

D. rising wages and prices第一考试网整理 #