金融英语FECT1考试综合单选题及答案2英语学习doc.docx
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金融英语FECT1考试综合单选题及答案2英语学习doc.docx
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金融英语FECT1考试综合单选题及答案2英语学习doc
2011金融英语(FECT-1)考试综合单选题及答案2(英语学习)
1.Usuallythelowinterestratecurrencytradesata______tothehighinterestratecurrencyintheforwardmarket.
A.premium
B.par
C.discount
D.bar
2.Whichofthefollowingstatementsaboutstandbylettersofcreditistrue?
______.
A.Theycanserveasaguaranteetoabuyeragainstasellerdefaulting
B.Theyarecontrarytothegeneralrulethatlettersofcreditmayonlybeusedfortheactualmovementofgoods
C.Theyareunlikeatender(orother)bondintheirlegalstandingandmethodofoperation
D.Theyareunlikeatenderbondwithitsfixedexpirydate
3.Themostliquidofallassetsis______.
A.thestockofcommercialbanks
B.M1
C.intelligence
D.thedebtofmajorcorporations
4.Betaandstandarddeviationdifferasriskmeasuresinthatbetameasures______.
A.onlyunsystematicrisk,whilestandarddeviationmeasurestotalrisk
B.onlysystematicrisk,whilestandarddeviationmeasurestotalrisk
C.bothsystematicandunsystematicrisk,whilestandarddeviationmeasuresonlyunsystematicrisk
D.bothsystematicandunsystematicrisk,whilestandarddeviationmeasuresonlysystematicrisk
5.Whatinformationwouldyoufindinastatementofcashflowsthatyouwouldnotbeabletogetfromtheothertwoprimaryfinancialstatements?
______.
A.Cashprovidedbyorusedinfinancingactivities
B.Cashbalanceattheendoftheperiod
C.Totalliabilitiesduetocreditorsattheendoftheperiod
D.Netincome
6.Ananalystestimatesthatastockhasthefollowingprobabilitiesofreturndependingonthestateoftheeconomy:
StateofeconomyProbabilityReturn
Good0.115%
Normal0.613%
Poor0.37%
Theexpectedreturnofthestockis______.
A.7.8%
B.11.4%
C.11.7%
D.13.0%
7.Accordingtotherulesofdebitandcreditforbalancesheetaccounts______.
A.increasesinasset,liability,andowner‘sequityaccountsarerecordedbydebits
B.decreasesinassetandliabilityaccountsarerecordedbycredits
C.increasesinassetandowner’sequityaccountsarerecordedbydebits
D.decreasesinliabilityandowner‘sequityaccountsarerecordedbydebits
8.Individualswillacceptthemediumofexchangeinreturnforgoodsandservicesonlyiftheyareconfidentthat______.
A.theinflationrateiszero
B.itpossessesintrinsicvalue
C.theycanpassitontoothers
D.theycanexchangeitforgold
9.Whenacountry’scurrencyappreciates,thecountry‘sgoodsabroadbecome______andforeigngoodsinthatcountrybecome______.
A.cheaper...moreexpensive
B.moreexpensive...cheaper
C.cheaper...cheaper
D.moreexpensive...moreexpensive
10.AUScompanyisbiddingforacontractinChina.ItsChinesecustomerasksforaperformancebond.Whatisthemostlikelycourseofaction?
______.
A.Itasksitsbanktoissueatenderbondwhichcanbeconvertedintoaperformancebond
B.Itgivesupitsbid
C.Itconsultsitsbankaboutissuingastandbyletterofcredit
D.Itasksitsbanktoissueaperformancebond
11.ABCCo.Ltd.hasa$3500accountreceivablefromXYZStore.OnMarch20,XYZmakesapartialpaymentof$2100toABC.ThejournalentrymadeonMdrch20byABCtorecordthistransactionincludes______.
A.adebittothecashreceivedaccountof$2100
B.acredittotheAccountsReceivableaccountof$2100
C.adebittotheCashaccountof$1400
D.adebittotheAccountsReceivableaccountof$1400
12.Interventionintheforeignexchangemarketmeansthegovernment______.
A.restrictsindividualsfrombuyingandsellingforeignexchange
B.restrictstheimportationofcertaingoods
C.orcentralbankbuysorsellsforeignexchange
D.devaluesthecurrencyintheforeign-exchangemarket
13.Whichofthefollowingisnotaformofcountertrade?
______.
A.Counterpurchase
B.Buy-back
C.Offset
D.Balancetrade
14.Acredittoarevenueaccount______.
A.decreasesrevenues
B.increasesequity
C.decreasesequity
D.increasesassets
15.Ifthegovernmentguaranteedthatanyonewishingajobwouldbeprovidedone,thelikelyresultwouldbe______.
A.massivelayoffs
B.anincreaseinthemoneysupply
C.anincreaseininflationaryexpectations
D.thedevelopmentofabartersystem
16.Given$100000toinvest,whatistheexpectedriskpremiumindollarsofinvestinginequitiesversusrisk-freeT-bills(U.S.Treasurybills)basedonthefollowingtable?
______.
ActionProbabilityExpectedReturn
Investinequities0.6$50OOP
0.4-$30000
Investinrisk-freeT-bill1.0$5000
A.$20000B.$18000C.$15000D.$13000
17.Economistsassumethatmostpeopletakerisks______.
A.becausedoingsoisexciting
B.onlywhentheyhavenorisklessalternative
C.veryinfrequently
D.iftheyarecompensatedfortakingtherisks
18.ThePhillipsCurveshowstherelationshipbetween______.
A.aggregatedemandandaggregatesupply
B.interestratesandinflation
C.recessionsandbooms
D.inflationandtheunemploymentrate
19.Inafixedexchangeratesystem,speculativesellingofacurrencyisbasedonanticipationof.
A.appreciation
B.devaluation
C.aforeigntradesurplus
D.interestrateincrease
20.Acollectingbankisemployedby______.
A.theprincipal
B.theremittingbank
C.thedrawer
D.thedrawee,whoisitscustomer
答案:
1.C2.A3.B4.B5.A6.B7.D8.C9.B10.C
11.B12.C13.D14.B15.C16.D17.D18.D19.B20.B
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