金融英语习题.docx

金融英语习题.docx

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金融英语习题

1.Usuallythelowinterestratecurrencytradesata______tothehighinterestratecurrencyintheforwardmarket.

A.premiumB.parC.discountD.bar

2.Whichofthefollowingstatementsaboutstandbylettersofcreditistrue？

______.

A.Theycanserveasaguaranteetoabuyeragainstasellerdefaulting

B.Theyarecontrarytothegeneralrulethatlettersofcreditmayonlybeusedfortheactualmovementofgoods

C.Theyareunlikeatenderbondintheirlegalstandingandmethodofoperation

D.Theyareunlikeatenderbondwithitsfixedexpirydate

3.Themostliquidofallassetsis______.

A.thestockofcommercialbanksB.M1

C.intelligenceD.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：

StateofeconomyProbabilityReturnGood0.115%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.theinflationrateiszeroB.itpossessesintrinsicvalue

C.theycanpassitontoothersD.theycanexchangeitforgold

9.Whenacountry’scurrencyappreciates，thecountry’sgoodsabroadbecome______andforeigngoodsinthatcountrybecome______.

A.cheaper...moreexpensiveB.moreexpensive...cheaper

C.cheaper...cheaperD.moreexpensive...moreexpensive

10.AUScompanyisbiddingforacontractinChina.ItsChinesecustomerasksforaperformancebond.Whatisthemostlikelycourseofaction？

______.

A.Itasksitsbanktoissueatenderbondwhichcanbeconvertedintoaperformancebond

B.ItgivesupitsbidC.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.CounterpurchaseB.Buy-backC.OffsetD.Balancetrade

14.Acredittoarevenueaccount______.

A.decreasesrevenuesB.increasesequity

C.decreasesequityD.increasesassets

15.Ifthegovernmentguaranteedthatanyonewishingajobwouldbeprovidedone，thelikelyresultwouldbe______.

A.massivelayoffsB.anincreaseinthemoneysupply

C.anincreaseininflationaryexpectations

D.thedevelopmentofabartersystem

17.Economistsassumethatmostpeopletakerisks______.

A.becausedoingsoisexciting

B.onlywhentheyhavenorisklessalternative

C.veryinfrequently

D.iftheyarecompensatedfortakingtherisks

18.ThePhillipsCurveshowstherelationshipbetween______.

A.aggregatedemandandaggregatesupply

B.interestratesandinflationC.recessionsandbooms

D.inflationandtheunemploymentrate

19.Inafixedexchangeratesystem，speculativesellingofacurrencyisbasedonanticipationof.

A.appreciationB.devaluation

C.aforeigntradesurplusD.interestrateincrease

20.Acollectingbankisemployedby______.

A.theprincipalB.theremittingbank

C.thedrawerD.thedrawee，whoisitscustomer

1.WhataretheexpectedreturnsforStocksXandYrespectively？

______.

A.20%and10%B.18%and12%

C.20%and11%D.18%and5%

2.Whichofthefollowingpaymenttermseliminatestheexchangerisk，assumingtheexporterinvoicesinforeigncurrency？

______.

A.ConfirmedirrevocabledocumentarycreditB.Openaccount

C.DocumentarycollectionD/AD.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？

______.

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.ApplicantB.Firstbeneficiary

C.SecondbeneficiaryD.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.insufficientspendingandexcessivesavingB.deflation

C.inadequatespendingandrisingunemployment

D.risingwagesandprices

1.Whichofthefollowingisnotafunctionofmoney？

______.

A.ToactasamediumofexchangeB.Toactasaunitofaccount

C.Toactasastoreofvalue

D.Toprovideadoublecoincidenceofwants

E.Toactasameansofpayment

2.Thepriceintheforeignexchangemarketiscalled______.

A.thetradesurplusB.theexchangerate

C.themoneypriceD.thecurrencyrate

3.Marketriskreferstotheriskof______.

A.financialpricesfluctuationsB.default

C.fraudD.deferredpayments

4.Whichofthefollowingisnotamongthegenerallyacceptedaccountingprinciples？

______.

A.CashbasisB.PrudenceC.Consistency

D.GoingconcernE.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.liabilityB.debtC.equityD.asset

8.Whatfunctionismoneyservingwhenyoubuyatickettoamovie？

______.

A.storeofvalueB.amediumofexchange

C.transactiondemandD.aunitofaccount

9.Ifforeignersexpectthatthefuturepriceofsterlingwillbelower，the______.

A.supplyofsterlingwillincrease，demandforsterlingwillfall，andtheexchangeratewillfall

B.supplyofsterlingwillincrease，demandforsterlingwillrise，andtheexchangeratemayormaynotincrease

C.supplyofsterlingwillfall，demandforsterlingwillincrease，andtheexchangeratewillrise

D.supplyofsterlingwillfall，demandforsterlingwillfall，andtheexchangeratemayormaynotfall

10.Thedocumentarycollectionprovidesthesellerwithagreaterdegreeofprotectionthanshippingon______.

A.openaccountB.bank‘sletterofguarantee

C.banker‘sdraftD.documentarycredit

11.Whichoft