金融英语FECT证书考试模拟题2英语学习doc.docx

1、金融英语FECT证书考试模拟题2英语学习doc2011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.Incoterms apply _。A.only if clearly incorporated into the contract of saleB.to International shipments beyond a certain tonnageC.to international shipments under the Uniform Commercial CodeD.to all international shipments of goods41.Un

2、der which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract？ _。A.Import of goods priced in a foreign currencyB.Import of goods priced in RMBC.Export of goods priced in RMBD.Export of goods priced in a foreign currency where the rate

3、of exchange has been agreed in the sales contract42.Incoterms address _。A.the risks of loss between the partiesB.breaches of contractC.ownership rightsD.type of ship used43.Which of the following is or was an example of representative full-bodied money？ _。A.Debt moneyB.ATS accountC.Gold certificateD

4、.Demand deposit44.Risks associated with investing in foreign countries are the following except _。A.voting riskB.exchange rate riskC.country riskD.political risk45.An exporter sells goods to a customer abroad on FOB and on CIF term.Who is responsible for the freight charges in each？ _。A.Exporter； Ex

5、porterB.Exporter； ImporterC.Importer； ImporterD.Importer； Exporter46.Default risk refers to the possibility that a borrower may _。A.be unable to repay the principal on his loanB.be unable to make the interest payments on his loanC.go bankrupt D.all of the above47.What is the reserve requirement？ _。A

6、.The requirement of a bank to deposit a percentage of moneyB.The requirement for deposits in cashC.The percentage of a banks deposits in the form of cash reservesD.The requirement for cash reserves48.A draft is like a check that can be endorsed but it isnt a title to goods， like _。A.a bill of lading

7、B.an inspection certificateC.a certificate of originD.an insurance certificate49.Arbitrage _。A.is a general economic term for buying something where it is cheap and selling it where it is dearB.keeps exchange rates consistent across marketsC.has been outlawed by the International Monetary FundD.cann

8、ot occur where there is a forward exchange marketE.both A and B50.What is the purpose of comparing the ledger entries with the documents？ _。A.To prove that all the transactions have made for the right amountsB.To prove that all the accounts have been posted correctlyC.To check the number of all the

9、debits and creditsD.To post the right accounts51.What is Dollar Cost Averaging？ _。A.A brokerage account that gives investors cheap tradesB.The idea that prices tend to rise over the long termC.Buying stocks that are below average in valueD.A flat quarterly mutual fund fee averaged throughout the yea

10、rE.A strategy of investing money on a regular basis to take advantage of market fluctuations52.From a Chinese banks point of view， the currency account which it maintains abroad is known as_， while a RMB account operated in China for a foreign bank is termed _。A.a vostro account a nostro accountB.a

11、vostro accounta mirror accountC.a mirror accounta nostro accountD.a nostro account a vostro account53.Under FOB terms the bill of lading would state goods _。A.loaded on board， freight payable at destinationB.loaded on board， freight paidC.received for shipment， freight paidD.received for shipment， f

12、reight payable at destination54.The liabilities of the bank as shown in its balance sheet represent the _ which it uses in its business。A.sources of the fundsB.share capitalC.investmentsD.advances to customers55.International payments and other messages are often sent through an international comput

13、er network called _。A.CHAPSB.BACSC.SWIFTD.EIMT56.Low levels of uncertainty （risk） are associated with 。A.stocksB.stock optionsC.higher potential returnsD.lower potential returns57.Government securities would appear on a commercial banks balance sheet as _。A.an assetB.reservesC.part of net worthD.a l

14、iability58.A major problem with a fixed exchange rate system is that when countries run foreign trade deficits， _。A.there is no self-correcting mechanismB.currency values become unstableC.the value of the reserve currency declinesD.world inflation increases59.In a particular economy banks are requir

15、ed to keep 25 percent of all deposits in the form of reserves； this gives a credit-creation multiplier of _。A.fourB.threeC.twoD.five60.Regulation of the money supply and financial markets is referred to as _。A.fiscal policyB.income policyC.monetary policyD.budgetary policy61.When a country runs a fo

16、reign trade deficit under a flexible foreign exchange rate system， its 。A.imports automatically increaseB.currency automatically depreciatesC.exports automatically declineD.currency automatically appreciates62.Which of the following statements is not true of accounting？ _。A.Accounting is language of

17、 businessB.The user of accounting includes business， government， nonprofit organizations and individuals。C.Accounting is useful for decision makingD.Accounting is an end rather than a means to an end63.The term foreign exchange is best defined by the following statement：it is _。A.the rate of exchang

18、e between two currenciesB.synonymous with currency exchangeC.the place in which foreign currencies are exchangedD.an instrument such as paper currency， note， and check used to make payments between countries64.What is Asset Allocation？ _。A.Buying assets of different types， risks， and potential retur

19、nsB.Buying assets with more than one brokerage accountC.The ability to buy mutual fundsD.Buying stocks for the long term65.External users of financial accounting information include all of the following except 。A.suppliersB.line managersC.general publicD.creditors66.CAPM is short for 。A.Capital Asse

20、t Pricing ModelB.Cash Added Price MatrixC.Capital Asset Pricing MatrixD.Cost and Price Model67.Liquidity measures the _。A.value of an assetB.ease with which an asset can be exchangedC.usefulness of an assetD.economic and monetary reliability of an asset compared with other assets68.In a letter of credit transaction， the bank pays the seller against _ which agree（s） with_。A.documents the creditB.merchandise the contractC.documents the contractD.merchandisethe buyer ordered