金融英语的单选题.docx
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金融英语的单选题
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金融英语的单选题
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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.nationswouldnolongerbeabletoundertaked