金融英语试题：FECT-1(3)单选题

金融英语试题：FECT-1(3)单选题 #

1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.

A. Import of goods priced in a foreign currency #

B. Import of goods priced in RMB

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C. Export of goods priced in RMB #

D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract #

2. Incoterms address ______. #

A. the risks of loss between the parties

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B. breaches of contract

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C. ownership rights

D. type of ship used #

3. Which of the following is or was an example of representative full-bodied money? ______.

A. Debt money

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B. ATS account #

C. Gold certificate

D. Demand deposit

4. Risks associated with investing in foreign countries are the following except ______.

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A. voting risk #

B. exchange rate risk

C. country risk #

D. political risk #

5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______. #

A. Exporter; Exporter

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B. Exporter; Importer #

C. Importer; Importer #

D. Importer; Exporter

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6. Default risk refers to the possibility that a borrower may ______.

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A. be unable to repay the principal on his loan

B. be unable to make the interest payments on his loan #

C. go bankrupt

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D. all of the above

7. What is the reserve requirement? ______.

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A. The requirement of a bank to deposit a percentage of money

B. The requirement for deposits in cash

C. The percentage of a bank's deposits in the form of cash reserves #

D. The requirement for cash reserves

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8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______. #

A. a bill of lading

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B. an inspection certificate

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C. a certificate of origin

D. an insurance certificate #

9. Arbitrage ______.

A. is a general economic term for buying something where it is cheap and selling it where it is dear

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B. keeps exchange rates consistent across markets #

C. has been outlawed by the International Monetary Fund

D. cannot occur where there is a forward exchange market #

E. both A and B

10. What is the purpose of comparing the ledger entries with the documents? ______.

A. To prove that all the transactions have made for the right amounts

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B. To prove that all the accounts have been posted correctly #

C. To check the number of all the debits and credits #

D. To post the right accounts #

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11. What is Dollar Cost Averaging? ______. #

A. A brokerage account that gives investors cheap trades #

B. The idea that prices tend to rise over the long term #

C. Buying stocks that are below average in value #

D. A flat quarterly mutual fund fee averaged throughout the year

E. A strategy of investing money on a regular basis to take advantage of market fluctuations #

12. From a Chinese bank's point of view, the currency account which it maintains abroad is known as______, while a RMB account operated in China for a foreign bank is termed ______.

A. a vostro account... a nostro account #

B. a vostro account…a mirror account #

C. a mirror account…a nostro account

D. a nostro account... a vostro account #

13. Under FOB terms the bill of lading would state goods ______.

A. loaded on board, freight payable at destination

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B. loaded on board, freight paid

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C. received for shipment, freight paid

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D. received for shipment, freight payable at destination

14. The liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business.

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A. sources of the funds #

B. share capital

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C. investments #

D. advances to customers #

15. International payments and other messages are often sent through an international computer network called ______.

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A. CHAPS

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B. BACS

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C. SWIFT

D. EIMT

16. Low levels of uncertainty (risk) are associated with .

A. stocks #

B. stock options #

C. higher potential returns #

D. lower potential returns

17. Government securities would appear on a commercial bank's balance sheet as ______.

A. an asset #

B. reserves #

C. part of net worth

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D. a liability

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18. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______. #

A. there is no self-correcting mechanism

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B. currency values become unstable #

C. the value of the reserve currency declines #

D. world inflation increases

19. In a particular economy banks are required to keep 25 percent of all deposits in the form of reserves; this gives a credit-creation multiplier of ______.

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A. four

B. three

C. two #

D. five #

20. Regulation of the money supply and financial markets is referred to as ______. #

A. fiscal policy

B. income policy

C. monetary policy #

D. budgetary policy

答案：

1.A 2.A 3.C 4.A 5.D 6.D 7.A 8.A 9.E 10.B

11.E 12.D 13.A 14.A 15.C 16.D 17.A 18.A 19.A 20.C第一考试网整理

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