金融英语试题.docx

1、金融英语试题1.Which of the following is not a function of money？ _。A.To act as a medium of exchangeB.To act as a unit of accountC.To act as a store of valueD.To provide a double coincidence of wantsE.To act as a means of payment2.The price in the foreign exchange market is called _。A.the trade surplusB.th

2、e exchange rateC.the money priceD.the currency rate3.Market risk refers to the risk of_。A.financial prices fluctuationsB.defaultC.fraudD.deferred payments4.Which of the following is not among the generally accepted accounting principles？ _。A.Cash basisB.PrudenceC.ConsistencyD.Going concernE.Money me

3、asurement。5.What is a documentary letter of credit？ _。A.A conditional bank undertaking to pay an exporter on production of stipulated documentationB.A method of lending against documentary securityC.An international trade settlement system biased in favour of importersD.All of the above6.Holding a g

4、roup of assets reduces risk as long as the assets _。A.are perfectly correlatedB.are completely independentC.do not have precisely the same pattern of returnsD.have a correlation coefficient greater than one7.An amount， payable in money goods， or service， owed by a business to a creditor， is known as

5、 a/an 。A.liabilityB.debtC.equityD.asset8.What function is money serving when you buy a ticket to a movie？ _。A.store of valueB.a medium of exchangeC.transaction demandD.a unit of account9.If foreigners expect that the future price of sterling will be lower， the _。A.supply of sterling will increase， d

6、emand for sterling will fall， and theexchange rate will fallB.supply of sterling will increase， demand for sterling will rise， and theexchange rate may or may not increaseC.supply of sterling will fall， demand for sterling will increase， and the exchange rate will riseD.supply of sterling will fall，

7、 demand for sterling will fall， and the exchange rate may or may not fall10.The documentary collection provides the seller with a greater degree of protection than shipping on _。A.open accountB.banks letter of guaranteeC.bankers draftD.documentary credit11.Which of the following statements is not tr

8、ue of central banks？ _。A.They pay the governments salariesB.They always undertake the regulation of the banking systemC.They are always the lender of last resortD.None of the above12.When GBP/USD rate goes from 1.6150 to 1.8500， we say the dollar _。A.appreciates by 12.70%B.depreciates by 14.55%C.dep

9、reciates by 12.70%D.appreciates by 14.55%13.According to diversification principle in investment， suppose you invest Stock X and Stock Y with equal funds， which of the following is not true？ _。A.If X and Y are totally independent with each other， the risk of the portfolio is reducedB.If X and Y are

10、perfectly negatively correlated， the risk of the portfolio is perfectly offsetC.If X and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increasedD.If X and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increased14.The

11、se are four main methods of securing payment in international trade：（1） payment under documentary credit（2） open account（3） collection， that is document against payment or acceptance of a bill of exchange（4） payment in advanceFrom an exporters point of view， the order of preference is _。A.（4） ， （2）

12、， （3） ， （1）B.（4） ， （1） ， （3） ， （2）C.（4） ， （3） ， （1） ， （2）D.（2） ， （4） ， （1） ， （3）15.The main liability on a bank balance sheet is _。A.depositsB.capital and reservesC.loans and overdraftsD.cash16._ shows that net income for a specified period of time and how it was calculated。A.The income statementB.T

13、he capital statementC.The accounting statementD.The statement of financial condition17.Why must the liabilities and assets of a bank be actively managed？ _。A.Because assets and liabilities are not evenly matched on the same time scaleB.Because assets and liabilities are evenly matchedC.Because the i

14、nterbank market uses LIBORD.Because assets and liabilities can be underwritten18.If the expected returns of two risky assets have a perfect negative correlation， then risk 。A.is increasedB.falls to zeroC.is unaffectedD.is reduced by one-half19.A possible disadvantage of freely fluctuating exchange r

15、ates with no official intervention is that 。A.some nations would experience continual deficitsB.the exchange rates may experience wide and frequent fluctuationsC.nations would no longer be able to undertake domestic policies designed to achieve and maintain full employmentD.nations would need a larg

16、er supply of international reserves than otherwise20.What are your GBP/USD position and the average rate if you sell 4m at 1.6350 buy 5m at 1.6340 and sell $5m at 1.6348？A.Short 2 058 478.10 long $3 370 000 at 1.6371B.Long 5 941 521.90 short $9710 000 at 1.6342C.Short 5 941 521.90 long $9 710 000 at

17、 1.6342D.Long 4 058 478.10 short $6 630 000 at 1.633621.A correlation coefficient of +1.0 means two stocks are _。A.perfectly negatively correlatedB.opposite the market betaC.equal to the market betaD.perfectly positively correlated22.The percentage analysis of increases and decreases in correspondin

18、g items in comparative financial statements is called _。A.external analysisB.horizontal analysisC.vertical analysisD.comparative analysis23.What is the name of the document which can make a buyer feel confident that goods are of a certain standard？ _。A.Inspection certificateB.Commercial invoiceC.Ins

19、urance policyD.Certificate of origin24.Sometimes financial intermediaries by borrowing short and lending long find themselves in difficult financial situations because 。A.short-term rates are fallingB.long-term rates are risingC.deposits increase too rapidlyD.short-term rates rise relative to rates

20、of their holdingsE.long-term rates rise more sharply than short-term rates25.Incoterms were written _。A.by the International Chamber of CommerceB.under the United Nations Convention for the International Sale of Goods （Vienna Convention ）C.under the Kyoto Protocols as adopted in 2000D.under fast tra

21、ck authority granted by the U.S.Congress26.The purpose of keeping account is to 。A.determine whether the business has made a profit or a lossB.find out why the business has lost moneyC.see how much has been spentD.find out why the business cannot fulfil its commitments27.If reserves are 20 percent，

22、then the multiplier effect will be _ times， so the original deposit of RMB40 000 can create up to _ of new deposits。A.5RMB200000B.4RMB120000C.3RMB80000D.6RMB2000028.ABC Company is the beneficiary of a confirmed irrevocable letter of credit._ bank （ s ） will assure the company that it will be paid。A.

23、OneB.NoneC.ThreeD.Two29.Legal tender includes 。A.notes and coinsB.notes onlyC.coins onlyD.notes， coins and checks30.The following are the basic functions of a bill of lading except to act as _。A.a receipt for the goods from the shipping company to the exporterB.a document of title for goods being sh

24、ipped overseasC.a certificate of origin， which certifies that the goods were produced in a particular countryD.evidence of the carriage contract between the exporter and the carrier31.Persistent foreign trade deficits under a flexible exchange rate system usually lead to _。A.inflation in the domesti

25、c economyB.speculation of future devaluationC.falling interest ratesD.rising imports32.The additional amount paid in buying or selling a currency at a given future date is called 。A.premiumB.commissionC.tariffD.dividend33.Banks manage their assets considering _。A.riskB.some optimum combination of th

26、e aboveC.earningsD.liquidity34.What is the function of the book-keeping system in bank accounting？ _。A.To prove that all the days transactions have gone through for the right amountB.To prove that all the days transactions have all been posted to the right accountC.To prove that the fresh balance of

27、 those accounts is correct after recording the transactionsD.All of the above35.The risk that is specific to individual stocks is called _。A.systematic riskB.country riskC.unsystematic riskD.market risk36.The main objective of the Exchange Equalization Account is to _。A.prevent undue fluctuation in

28、the exchange value of one countrys own currency against other currenciesB.control the rate of inflationC.ensure that notes and coins continue to be acceptable as a medium of exchangeD.permit the exchange of payments between banks37.How can you prove that no transactions are missing or wrong at the e

29、nd of the day？ _。A.There is no other way than have these transactions reposted to the proper entriesB.We can examine all the transactions carefully and find the wrong recordsC.We can balance the total debits and the total credits by calculating them againD.We can do that by checking the total debits

30、 and the total credits to see whether they are in state of balance38.Money _。A.serves as the critical function of a medium of exchangeB.facilitates trade in goods and servicesC.overcomes the inefficiencies of barterD.all of the above39.If dealers buy currency forward but do not sell forward at the same time， their positio