金融保险金融英语FECT单项选择题汇总练习.docx
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金融保险金融英语FECT单项选择题汇总练习.docx
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金融保险金融英语FECT单项选择题汇总练习
1.Whichofthefollowingisnotafunctionofmoney?
______.
A.Toactasamediumofexchange
B.Toactasaunitofaccount
C.Toactasastoreofvalue
D.Toprovideadoublecoincidenceofwants
E.Toactasameansofpayment
2.Thepriceintheforeignexchangemarketiscalled______.
A.thetradesurplus
B.theexchangerate
C.themoneyprice
D.thecurrencyrate
3.Marketriskreferstotheriskof______.
A.financialpricesfluctuations
B.default
C.fraud
D.deferredpayments
4.Whichofthefollowingisnotamongthegenerallyacceptedaccountingprinciples?
______.
A.Cashbasis
B.Prudence
C.Consistency
D.Goingconcern
E.Moneymeasurement.
5.Whatisadocumentaryletterofcredit?
______.
A.Aconditionalbankundertakingtopayanexporteronproductionofstipulateddocumentation
B.Amethodoflendingagainstdocumentarysecurity
C.Aninternationaltradesettlementsystembiasedinfavorofimporters
D.Alloftheabove
6.Holdingagroupofassetsreducesriskaslongastheassets______.
A.areperfectlycorrelated
B.arecompletelyindependent
C.donothavepreciselythesamepatternofreturns
D.haveacorrelationcoefficientgreaterthanone
7.Anamount,payableinmoneygoods,orservice,owedbyabusinesstoacreditor,isknownasa/an.
A.liability
B.debt
C.equity
D.asset
8.Whatfunctionismoneyservingwhenyoubuyatickettoamovie?
______.
A.storeofvalue
B.amediumofexchange
C.transactiondemand
D.aunitofaccount
9.Ifforeignersexpectthatthefuturepriceofsterlingwillbelower,the______.
A.supplyofsterlingwillincrease,demandforsterlingwillfall,andtheexchangeratewillfall
B.supplyofsterlingwillincrease,demandforsterlingwillrise,andtheexchangeratemayormaynotincrease
C.supplyofsterlingwillfall,demandforsterlingwillincrease,andtheexchangeratewillrise
D.supplyofsterlingwillfall,demandforsterlingwillfall,andtheexchangeratemayormaynotfall
10.Thedocumentarycollectionprovidesthesellerwithagreaterdegreeofprotectionthanshippingon______.
A.openaccount
B.bank'sletterofguarantee
C.banker'sdraft
D.documentarycredit
11.Whichofthefollowingstatementsisnottrueofcentralbanks?
______.
A.Theypaythegovernment'ssalaries
B.Theyalwaysundertaketheregulationofthebankingsystem
C.Theyarealwaysthelenderoflastresort
D.Noneoftheabove
12.WhenGBP/USDrategoesfrom1.6150to1.8500,wesaythedollar______.
A.appreciatesby12.70%
B.depreciatesby14.55%
C.depreciatesby12.70%
D.appreciatesby14.55%
13.Accordingtodiversificationprincipleininvestment,supposeyouinvestStockXandStockYwithequalfunds,whichofthefollowingisnottrue?
______.
A.IfXandYaretotallyindependentwitheachother,theriskoftheportfolioisreduced
B.IfXandYareperfectlynegativelycorrelated,theriskoftheportfolioisperfectlyoffset
C.IfXandYareperfectlypositivelycorrelated,theriskoftheportfolioisneitherreducednorincreased
D.IfXandYareperfectlynegativelycorrelated,theriskoftheportfolioisneitherreducednorincreased
14.Thesearefourmainmethodsofsecuringpaymentininternationaltrade:
(1)Paymentunderdocumentarycredit
(2)Openaccount
(3)Collectionthatisdocumentagainstpaymentoracceptanceofabillofexchange
(4)Paymentinadvance
Fromanexporter'spointofview,theorderofpreferenceis______.
A.(4),
(2),(3),
(1)
B.(4),
(1),(3),
(2)
C.(4),(3),
(1),
(2)
D.
(2),(4),
(1),(3)
15.Themainliabilityonabankbalancesheetis______.
A.deposits
B.capitalandreserves
C.loansandoverdrafts
D.cash
16.______showsthatnetincomeforaspecifiedperiodoftimeandhowitwascalculated.
A.Theincomestatement
B.Thecapitalstatement
C.Theaccountingstatement
D.Thestatementoffinancialcondition
17.Whymusttheliabilitiesandassetsofabankbeactivelymanaged?
______.
A.Becauseassetsandliabilitiesarenotevenlymatchedonthesametimescale
B.Becauseassetsandliabilitiesareevenlymatched
C.BecausetheinterbankmarketusesLIBOR
D.Becauseassetsandliabilitiescanbeunderwritten
18.Iftheexpectedreturnsoftworiskyassetshaveaperfectnegativecorrelation,thenrisk.
A.isincreased
B.fallstozero
C.isunaffected
D.isreducedbyone-half
19.Apossibledisadvantageoffreelyfluctuatingexchangerateswithnoofficialinterventionisthat.
A.somenationswouldexperiencecontinualdeficits
B.theexchangeratesmayexperiencewideandfrequentfluctuations
C.nationswouldnolongerbeabletoundertakedomesticpoliciesdesignedtoachieveandmaintainfullemployment
D.nationswouldneedalargersupplyofinternationalreservesthanotherwise
20.WhatareyourGBP/USDpositionandtheaveragerateifyousell£4mat1.6350buy£5mat1.6340andsell$5mat1.6348?
A.Short£2058478.10long$3370000at1.6371
B.Long£5941521.90short$9710000at1.6342
C.Short£5941521.90long$9710000at1.6342
D.Long£4058478.10short$6630000at1.6336
答案:
1.D2.B3.A4.A5.A6.C7.A8.B9.A10.A
11.B12.B13.D14.B15.A16.A17.A18.B19.B20.D
BearMarketNormalMarketBullMarket
Probability0.20.50.3
StockX_-20%18%50%
StockY-15%20%10%
1.WhataretheexpectedreturnsforStocksXandYrespectively?
______.
A.20%and10%
B.18%and12%
C.20%and11%
D.18%and5%
2.Whichofthefollowingpaymenttermseliminatestheexchangerisk,assumingtheexporterinvoicesinforeigncurrency?
______.
A.Confirmedirrevocabledocumentarycredit
B.Openaccount
C.DocumentarycollectionD/A
D.Noneoftheabove
3.ABCCo.Ltd.purchasedacarfor$12000,makingadownpaymentof$5000cashandsigninga$7000notepayableduein60days.Whichofthefollowingisnotcorrect?
______.
A.Fromtheviewpointofashort-termcreditor,thistransactionmakesthebusinesslesssolvent
B.Totalliabilitiesincreasedby$7000
C.Totalassetsincreasedby$12000
D.Thistransactionhadnoimmediateeffectontheowner'sequityinthebusiness
4.Whichofthefollowingtermsofpaymentwillentirelyeliminatecountryrisk?
______.
A.Revocabledocumentarycredits
B.ConfirmedIrrevocabledocumentarycredits
C.DocumentarycollectionD/P
D.DocumentarycollectionD/A
5.TheexpirydateofadocumentarycreditisSunday,24February,anddocumentshavetobeapresentedtoyou.Whichofthefollowingisanacceptablepresentation?
(Assumethereisnolateststateddateforshipmentstipulated.)______.
A.PresentationtoyouonMonday25Februarywiththebillofladingdated25February
B.PresentationonMonday25FebruarywiththebillofladingdatedSunday24February
C.PresentationonTuesday26FebruarywiththebillofladingdatedSunday24February
D.PresentationonFriday22FebruarywiththebillofladingdatedSunday29January
6.WhatarethestandarddeviationsofreturnsonStocksXandYrespectively?
______.
A.15%and26%
B.24%and13%
C.20%and4%
D.28%and8%
7.Whomakesthefirstpresentationofdocumentsunderatransferablecredit?
______.
A.Applicant
B.Firstbeneficiary
C.Secondbeneficiary
D.Noneoftheabove
8.Atransactioncauseda$10000decreaseinbothtotalassetsandtotalliabilities.Thistransactioncouldhavebeen______.
A.repaymentofa$10000bankloan
B.anassetwithacostof$10000wasdestroyedbyfire
C.purchaseofadeliverytruckfor$10000cash
D.collectionofa$10000accountreceivable
9.Moneyceasestoserveasaneffectivestoreofvaluewhen______.
A.thegovernmentrunslargedeficits
B.theunemploymentrateisveryhigh
C.productivityintheeconomydeclines
D.rapidinflationoccurs
10.Anindicationthatthemoneysupplyisgreaterthanthedesirableamountwouldbe.
A.insufficientspendingandexcessivesaving
B.deflation
C.inadequatespendingandrisingunemployment
D.risingwagesandprices
11.Ifanation'sinterestratesarerelativelylowcomparedtothoseofothercountries,thentheexchangevalueofitscurrencywilltendto______underasystemofexchangerates.
A.appreciate...floating
B.depreciate...floating
C.appreciate...fixed
D.depreciate...fixed
12.Whichofthefollowingistrueofacompany'sbalancesheet?
______.
A.Itdisplayssourcesandusesofcashfortheperiod
B.Itisunnecessaryifbothanincomestatementandastatementofcashflowsareavailable
C.Itisaseparaterepresentationofthecompany'srevenueandexpensetransactionsfortheyear
D.ItisanexpansionofthebasicaccountingequationofAssets=LiabilitiesOwner'sEquity
13.WhenAmericansorforeignersexpectthereturnondollardepositstobehighrelativetothereturnonforeigndeposits,thereisa______demandfordollardepositsandacorrespondingly______demandforforeigndeposits.
A.higher...higher
B.lower...higher
C.higher...lower
D.lower...lower
14.Velocityisthe______.
A.inverseofGNP
B.speedatwhichcheckingaccountsareconvertedintocash
C.relationshipbetweenthepricelevelandthemoneysupply
D.rateatwhichmoneyturnsover
15.Assumethatofyour$10000portfolio,youinvest$9000inStockXand$1000inStockY.Whatistheexpectedreturnonyourportfolio?
______.
A.18%
B.20%
C.19%
D.3%
16.Whichofthefollowingwouldyouexpecttofindinacorrectlypreparedincomestatement?
.
A.Cashbalanceattheendoftheperiod
B.Expensesincurredduringtheperiodtoearnrevenues
C.Contributionsbytheownerduringtheperiod
D.Thereportedcompany'sfinancialpositionataspecifi
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