金融英语FECT证书考试模拟题2英语学习doc.docx

金融英语FECT证书考试模拟题2英语学习doc.docx

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金融英语FECT证书考试模拟题2英语学习doc

2011年金融英语（FECT）证书考试模拟题2（英语学习）

金融英语考试模拟试题

40.Incotermsapply______。

A.onlyifclearlyincorporatedintothecontractofsale

B.toInternationalshipmentsbeyondacertaintonnage

C.tointernationalshipmentsundertheUniformCommercialCode

D.toallinternationalshipmentsofgoods

41.Underwhichoneofthefollowingcircumstanceswoulditbewiseforyourcustomertoarrangeaforwardforeignexchangecontract？

______。

A.Importofgoodspricedinaforeigncurrency

B.ImportofgoodspricedinRMB

C.ExportofgoodspricedinRMB

D.Exportofgoodspricedinaforeigncurrencywheretherateofexchangehasbeenagreedinthesalescontract

42.Incotermsaddress______。

A.therisksoflossbetweentheparties

B.breachesofcontract

C.ownershiprights

D.typeofshipused

43.Whichofthefollowingisorwasanexampleofrepresentativefull-bodiedmoney？

______。

A.Debtmoney

B.ATSaccount

C.Goldcertificate

D.Demanddeposit

44.Risksassociatedwithinvestinginforeigncountriesarethefollowingexcept______。

A.votingrisk

B.exchangeraterisk

C.countryrisk

D.politicalrisk

45.AnexportersellsgoodstoacustomerabroadonFOBandonCIFterm.Whoisresponsibleforthefreightchargesineach？

______。

A.Exporter；Exporter

B.Exporter；Importer

C.Importer；Importer

D.Importer；Exporter

46.Defaultriskreferstothepossibilitythataborrowermay______。

A.beunabletorepaytheprincipalonhisloan

B.beunabletomaketheinterestpaymentsonhisloan

C.gobankruptD.alloftheabove

47.Whatisthereserverequirement？

______。

A.Therequirementofabanktodepositapercentageofmoney

B.Therequirementfordepositsincash

C.Thepercentageofabank‘sdepositsintheformofcashreserves

D.Therequirementforcashreserves

48.Adraftislikeacheckthatcanbeendorsedbutitisn’tatitletogoods，like______。

A.abilloflading

B.aninspectioncertificate

C.acertificateoforigin

D.aninsurancecertificate

49.Arbitrage______。

A.isageneraleconomictermforbuyingsomethingwhereitischeapandsellingitwhereitisdear

B.keepsexchangeratesconsistentacrossmarkets

C.hasbeenoutlawedbytheInternationalMonetaryFund

D.cannotoccurwherethereisaforwardexchangemarket

E.bothAandB

50.Whatisthepurposeofcomparingtheledgerentrieswiththedocuments？

______。

A.Toprovethatallthetransactionshavemadefortherightamounts

B.Toprovethatalltheaccountshavebeenpostedcorrectly

C.Tocheckthenumberofallthedebitsandcredits

D.Toposttherightaccounts

51.WhatisDollarCostAveraging？

______。

A.Abrokerageaccountthatgivesinvestorscheaptrades

B.Theideathatpricestendtoriseoverthelongterm

C.Buyingstocksthatarebelowaverageinvalue

D.Aflatquarterlymutualfundfeeaveragedthroughouttheyear

E.Astrategyofinvestingmoneyonaregularbasistotakeadvantageofmarketfluctuations

52.FromaChinesebank‘spointofview，thecurrencyaccountwhichitmaintainsabroadisknownas______，whileaRMBaccountoperatedinChinaforaforeignbankistermed______。

A.avostroaccount……anostroaccount

B.avostroaccount…amirroraccount

C.amirroraccount…anostroaccount

D.anostroaccount……avostroaccount

53.UnderFOBtermsthebillofladingwouldstategoods______。

A.loadedonboard，freightpayableatdestination

B.loadedonboard，freightpaid

C.receivedforshipment，freightpaid

D.receivedforshipment，freightpayableatdestination

54.Theliabilitiesofthebankasshowninitsbalancesheetrepresentthe______whichitusesinitsbusiness。

A.sourcesofthefunds

B.sharecapital

C.investments

D.advancestocustomers

55.Internationalpaymentsandothermessagesareoftensentthroughaninternationalcomputernetworkcalled______。

A.CHAPS

B.BACS

C.SWIFT

D.EIMT

56.Lowlevelsofuncertainty（risk）areassociatedwith。

A.stocks

B.stockoptions

C.higherpotentialreturns

D.lowerpotentialreturns

57.Governmentsecuritieswouldappearonacommercialbank’sbalancesheetas______。

A.anasset

B.reserves

C.partofnetworth

D.aliability

58.Amajorproblemwithafixedexchangeratesystemisthatwhencountriesrunforeigntradedeficits，______。

A.thereisnoself-correctingmechanism

B.currencyvaluesbecomeunstable

C.thevalueofthereservecurrencydeclines

D.worldinflationincreases

59.Inaparticulareconomybanksarerequiredtokeep25percentofalldepositsintheformofreserves；thisgivesacredit-creationmultiplierof______。

A.four

B.three

C.two

D.five

60.Regulationofthemoneysupplyandfinancialmarketsisreferredtoas______。

A.fiscalpolicy

B.incomepolicy

C.monetarypolicy

D.budgetarypolicy

61.Whenacountryrunsaforeigntradedeficitunderaflexibleforeignexchangeratesystem，its。

A.importsautomaticallyincrease

B.currencyautomaticallydepreciates

C.exportsautomaticallydecline

D.currencyautomaticallyappreciates

62.Whichofthefollowingstatementsisnottrueofaccounting？

______。

A.Accountingislanguageofbusiness

B.Theuserofaccountingincludesbusiness，government，nonprofitorganizationsandindividuals。

C.Accountingisusefulfordecisionmaking

D.Accountingisanendratherthanameanstoanend

63.Thetermforeignexchangeisbestdefinedbythefollowingstatement：

itis______。

A.therateofexchangebetweentwocurrencies

B.synonymouswithcurrencyexchange

C.theplaceinwhichforeigncurrenciesareexchanged

D.aninstrumentsuchaspapercurrency，note，andcheckusedtomakepaymentsbetweencountries

64.WhatisAssetAllocation？

______。

A.Buyingassetsofdifferenttypes，risks，andpotentialreturns

B.Buyingassetswithmorethanonebrokerageaccount

C.Theabilitytobuymutualfunds

D.Buyingstocksforthelongterm

65.Externalusersoffinancialaccountinginformationincludeallofthefollowingexcept。

A.suppliers

B.linemanagers

C.generalpublic

D.creditors

66.CAPMisshortfor。

A.CapitalAssetPricingModel

B.CashAddedPriceMatrix

C.CapitalAssetPricingMatrix

D.CostandPriceModel

67.Liquiditymeasuresthe______。

A.valueofanasset

B.easewithwhichanassetcanbeexchanged

C.usefulnessofanasset

D.economicandmonetaryreliabilityofanassetcomparedwithotherassets

68.Inaletterofcredittransaction，thebankpaystheselleragainst______whichagree（s）with______。

A.documents……thecredit

B.merchandise……thecontract

C.documents……thecontract

D.merchandise……thebuyerordered