金融英语单选题练习.docx

金融英语单选题练习.docx

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金融英语单选题练习

金融英语：

FECT-1单选题

（一）

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.Aninternationaltradesettlementsystembiasedinfavourofimporters

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）collection,thatisdocumentagainstpaymentoracceptanceofabillofexchange

（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.nationswouldneedalargersupplyofinternationalreservesth