金融英语试题：FECT-1(5)单选题

金融英语试题：FECT-1(5)单选题

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

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A. 20% and 10% #

B. 18% and 12%

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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

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D. None of the above

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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? ______.

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A. Revocable documentary credits #

B. Confirmed Irrevocable documentary credits

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C. Documentary collection D/P

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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? (Assume there is no latest stated date for shipment stipulated.) ______.

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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? ______.

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A. 15% and 26% #

B. 24% and 13% #

C. 20% and 4%

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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

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

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

D. collection of a $10 000 account receivable

9. Money ceases to serve as an effective store of value when ______.

A. the government runs large deficits

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B. the unemployment rate is very high

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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 . #

A. insufficient spending and excessive saving #

B. deflation #

C. inadequate spending and rising unemployment #

D. rising wages and prices #

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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.

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A. appreciate... floating #

B. depreciate...floating #

C. appreciate... fixed #

D. depreciate... fixed #

12. Which of the following is true of a company's balance sheet? ______. #

A. It displays sources and uses of cash for the period

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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 #

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 #

C. higher... lower

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D. lower...lower #

14. Velocity is the ______. #

A. inverse of GNP

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B. speed at which checking accounts are converted into cash

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C. relationship between the price level and the money supply

D. rate at which money turns over

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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? .

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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 #

D. The reported company's financial position at a specific date #

17. The concept of beta is most closely associated with ______.

A. correlation coefficient #

B. the capital asset pricing model

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C. nonsystematic risk

D. mean-variance analysis

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18. The velocity of money for a given year can be calculated by ______. #

A. dividing GNP by the money supply

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B. dividing aggregate supply by aggregate demand

C. dividing the price level by the money supply

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D. multiplying the price level by total output

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19. The theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______. #

A. the price levels of the two countries

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B. the current account balances of the two countries #

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

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B. to go through the contract terms

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C. to have a thorough understanding of the exporter #

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第一考试网整理

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