金融英语：FECT单项选择题汇总练习

金融英语：FECT单项选择 题 快递公司问题件快递公司问题件货款处理关于圆的周长面积重点题型关于解方程组的题及答案关于南海问题 汇总练习金融英语：FECT单项选择题汇总练习金融英语：FECT单项选择题汇总练习1.Whichofthefollowingisnotafunctionofmoney?______.A.ToactasamediumofexchangeB.ToactasaunitofaccountC.ToactasastoreofvalueD.ToprovideadoublecoincidenceofwantsE.Toactasameansofpayment2.Thepriceintheforeignexchangemarketiscalled______.A.thetradesurplusB.theexchangerateC.themoneypriceD.thecurrencyrate3.Marketriskreferstotheriskof______.A.financialpricesfluctuationsB.defaultC.fraudD.deferredpayments4.Whichofthefollowingisnotamongthegenerallyacceptedaccountingprinciples?______.A.CashbasisB.PrudenceC.ConsistencyD.GoingconcernE.Moneymeasurement.5.Whatisadocumentaryletterofcredit?______.A.AconditionalbankundertakingtopayanexporteronproductionofstipulateddocumentationB.AmethodoflendingagainstdocumentarysecurityC.AninternationaltradesettlementsystembiasedinfavorofimportersD.Alloftheabove6.Holdingagroupofassetsreducesriskaslongastheassets______.A.areperfectlycorrelatedB.arecompletelyindependentC.donothavepreciselythesamepatternofreturnsD.haveacorrelationcoefficientgreaterthanone7.Anamount,payableinmoneygoods,orservice,owedbyabusinesstoacreditor,isknownasa/an.A.liabilityB.debtC.equityD.asset8.Whatfunctionismoneyservingwhenyoubuyatickettoamovie?______.A.storeofvalueB.amediumofexchangeC.transactiondemandD.aunitofaccount9.Ifforeignersexpectthatthefuturepriceofsterlingwillbelower,the______.A.supplyofsterlingwillincrease,demandforsterlingwillfall,andtheexchangeratewillfallB.supplyofsterlingwillincrease,demandforsterlingwillrise,andtheexchangeratemayormaynotincreaseC.supplyofsterlingwillfall,demandforsterlingwillincrease,andtheexchangeratewillriseD.supplyofsterlingwillfall,demandforsterlingwillfall,andtheexchangeratemayormaynotfall10.Thedocumentarycollectionprovidesthesellerwithagreaterdegreeofprotectionthanshippingon______.A.openaccountB.bank'sletterofguaranteeC.banker'sdraftD.documentarycredit11.Whichofthefollowingstatementsisnottrueofcentralbanks?______.A.Theypaythegovernment'ssalariesB.TheyalwaysundertaketheregulationofthebankingsystemC.TheyarealwaysthelenderoflastresortD.Noneoftheabove12.WhenGBP/USDrategoesfrom1.6150to1.8500,wesaythedollar______.A.appreciatesby12.70%B.depreciatesby14.55%C.depreciatesby12.70%D.appreciatesby14.55%13.Accordingtodiversificationprincipleininvestment,supposeyouinvestStockXandStockYwithequalfunds,whichofthefollowingisnottrue?______.A.IfXandYaretotallyindependentwitheachother,theriskoftheportfolioisreducedB.IfXandYareperfectlynegativelycorrelated,theriskoftheportfolioisperfectlyoffsetC.IfXandYareperfectlypositivelycorrelated,theriskoftheportfolioisneitherreducednorincreasedD.IfXandYareperfectlynegativelycorrelated,theriskoftheportfolioisneitherreducednorincreased14.Thesearefourmainmethodsofsecuringpaymentininternationaltrade:(1)Paymentunderdocumentarycredit(2)Openaccount(3)Collectionthatisdocumentagainstpaymentoracceptanceofabillofexchange(4)PaymentinadvanceFromanexporter'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.depositsB.capitalandreservesC.loansandoverdraftsD.cash16.______showsthatnetincomeforaspecifiedperiodoftimeandhowitwascalculated.A.TheincomestatementB.ThecapitalstatementC.TheaccountingstatementD.Thestatementoffinancialcondition17.Whymusttheliabilitiesandassetsofabankbeactivelymanaged?______.A.BecauseassetsandliabilitiesarenotevenlymatchedonthesametimescaleB.BecauseassetsandliabilitiesareevenlymatchedC.BecausetheinterbankmarketusesLIBORD.Becauseassetsandliabilitiescanbeunderwritten18.Iftheexpectedreturnsoftworiskyassetshaveaperfectnegativecorrelation,thenrisk.A.isincreasedB.fallstozeroC.isunaffectedD.isreducedbyone-half19.Apossibledisadvantageoffreelyfluctuatingexchangerateswithnoofficialinterventionisthat.A.somenationswouldexperiencecontinualdeficitsB.theexchangeratesmayexperiencewideandfrequentfluctuationsC.nationswouldnolongerbeabletoundertakedomesticpoliciesdesignedtoachieveandmaintainfullemploymentD.nationswouldneedalargersupplyofinternationalreservesthanotherwise20.WhatareyourGBP/USDpositionandtheaveragerateifyousell£4mat1.6350buy£5mat1.6340andsell$5mat1.6348?A.Short£2058478.10long$3370000at1.6371B.Long£5941521.90short$9710000at1.6342C.Short£5941521.90long$9710000at1.6342D.Long£4058478.10short$6630000at1.6336答案：1.D2.B3.A4.A5.A6.C7.A8.B9.A10.A11.B12.B13.D14.B15.A16.A17.A18.B19.B20.DBearMarketNormalMarketBullMarketProbability0.20.50.3StockX_-20%18%50%StockY-15%20%10%1.WhataretheexpectedreturnsforStocksXandYrespectively?______.A.20%and10%B.18%and12%C.20%and11%D.18%and5%2.Whichofthefollowingpaymenttermseliminatestheexchangerisk,assumingtheexporterinvoicesinforeigncurrency?______.A.ConfirmedirrevocabledocumentarycreditB.OpenaccountC.DocumentarycollectionD/AD.Noneoftheabove3.ABCCo.Ltd.purchasedacarfor$12000,makingadownpaymentof$5000cashandsigninga$7000notepayableduein60days.Whichofthefollowingisnotcorrect?______.A.Fromtheviewpointofashort-termcreditor,thistransactionmakesthebusinesslesssolventB.Totalliabilitiesincreasedby$7000C.Totalassetsincreasedby$12000D.Thistransactionhadnoimmediateeffectontheowner'sequityinthebusiness4.Whichofthefollowingtermsofpaymentwillentirelyeliminatecountryrisk?______.A.RevocabledocumentarycreditsB.ConfirmedIrrevocabledocumentarycreditsC.DocumentarycollectionD/PD.DocumentarycollectionD/A5.TheexpirydateofadocumentarycreditisSunday,24February,anddocumentshavetobeapresentedtoyou.Whichofthefollowingisanacceptablepresentation?(Assumethereisnolateststateddateforshipmentstipulated.)______.A.PresentationtoyouonMonday25Februarywiththebillofladingdated25FebruaryB.PresentationonMonday25FebruarywiththebillofladingdatedSunday24FebruaryC.PresentationonTuesday26FebruarywiththebillofladingdatedSunday24FebruaryD.PresentationonFriday22FebruarywiththebillofladingdatedSunday29January6.WhatarethestandarddeviationsofreturnsonStocksXandYrespectively?______.A.15%and26%B.24%and13%C.20%and4%D.28%and8%7.Whomakesthefirstpresentationofdocumentsunderatransferablecredit?______.A.ApplicantB.FirstbeneficiaryC.SecondbeneficiaryD.Noneoftheabove8.Atransactioncauseda$10000decreaseinbothtotalassetsandtotalliabilities.Thistransactioncouldhavebeen______.A.repaymentofa$10000bankloanB.anassetwithacostof$10000wasdestroyedbyfireC.purchaseofadeliverytruckfor$10000cashD.collectionofa$10000accountreceivable9.Moneyceasestoserveasaneffectivestoreofvaluewhen______.A.thegovernmentrunslargedeficitsB.theunemploymentrateisveryhighC.productivityintheeconomydeclinesD.rapidinflationoccurs10.Anindicationthatthemoneysupplyisgreaterthanthedesirableamountwouldbe.A.insufficientspendingandexcessivesavingB.deflationC.inadequatespendingandrisingunemploymentD.risingwagesandprices11.Ifanation'sinterestratesarerelativelylowcomparedtothoseofothercountries,thentheexchangevalueofitscurrencywilltendto______underasystemofexchangerates.A.appreciate...floatingB.depreciate...floatingC.appreciate...fixedD.depreciate...fixed12.Whichofthefollowingistrueofacompany'sbalancesheet?______.A.ItdisplayssourcesandusesofcashfortheperiodB.ItisunnecessaryifbothanincomestatementandastatementofcashflowsareavailableC.Itisaseparaterepresentationofthecompany'srevenueandexpensetransactionsfortheyearD.ItisanexpansionofthebasicaccountingequationofAssets=LiabilitiesOwner'sEquity13.WhenAmericansorforeignersexpectthereturnondollardepositstobehighrelativetothereturnonforeigndeposits,thereisa______demandfordollardepositsandacorrespondingly______demandforforeigndeposits.A.higher...higherB.lower...higherC.higher...lowerD.lower...lower14.Velocityisthe______.A.inverseofGNPB.speedatwhichcheckingaccountsareconvertedintocashC.relationshipbetweenthepricelevelandthemoneysupplyD.rateatwhichmoneyturnsover15.Assumethatofyour$10000portfolio,youinvest$9000inStockXand$1000inStockY.Whatistheexpectedreturnonyourportfolio?______.A.18%B.20%C.19%D.3%16.Whichofthefollowingwouldyouexpecttofindinacorrectlypreparedincomestatement?.A.CashbalanceattheendoftheperiodB.ExpensesincurredduringtheperiodtoearnrevenuesC.ContributionsbytheownerduringtheperiodD.Thereportedcompany'sfinancialpositionataspecificdate17.Theconceptofbetaismostcloselyassociatedwith______.A.correlationcoefficientB.thecapitalassetpricingmodelC.nonsystematicriskD.mean-varianceanalysis18.Thevelocityofmoneyforagivenyearcanbecalculatedby______.A.dividingGNPbythemoneysupplyB.dividingaggregatesupplybyaggregatedemandC.dividingthepricelevelbythemoneysupplyD.multiplyingthepricelevelbytotaloutput19.Thetheoryofpurchasingpowerparitystatesthatexchangeratesbetweenanytwocurrencieswilladjusttoreflectchangesin______.A.thepricelevelsofthetwocountriesB.thecurrentaccountbalancesofthetwocountriesC.thefiscalpoliciesofthetwocountriesD.thetradebalancesofthetwocountries20.Beforeissuingacredit,itisimportantfortheissuingbank______.A.tomakecertainoftheimporter'screditworthinessB.togothroughthecontracttermsC.tohaveathoroughunderstandingoftheexporterD.alloftheabove答案：1.A2.D3.C4.B5.B6.B7.C8.A9.D10.D11.B12.D13.C14.D15.C16.B17.B18.A19.A20.A1.Underwhichoneofthefollowingcircumstanceswoulditbewiseforyourcustomertoarrangeaforwardforeignexchangecontract?______.A.ImportofgoodspricedinaforeigncurrencyB.ImportofgoodspricedinRMBC.ExportofgoodspricedinRMBD.Exportofgoodspricedinaforeigncurrencywheretherateofexchangehasbeenagreedinthesalescontract2.Incotermsaddress______.A.therisksoflossbetweenthepartiesB.breachesofcontractC.ownershiprightsD.typeofshipused3.Whichofthefollowingisorwasanexampleofrepresentativefull-bodiedmoney?______.A.DebtmoneyB.ATSaccountC.GoldcertificateD.Demanddeposit4.Risksassociatedwithinvestinginforeigncountriesarethefollowingexcept______.A.votingriskB.exchangerateriskC.countryriskD.politicalrisk5.AnexportersellsgoodstoacustomerabroadonFOBandonCIFterm.Whoisresponsibleforthefreightchargesineach?______.A.Exporter;ExporterB.Exporter;ImporterC.Importer;ImporterD.Importer;Exporter6.Defaultriskreferstothepossibilitythataborrowermay______.A.beunabletorepaytheprincipalonhisloanB.beunabletomaketheinterestpaymentsonhisloanC.gobankruptD.alloftheabove7.Whatisthereserverequirement?______.A.TherequirementofabanktodepositapercentageofmoneyB.TherequirementfordepositsincashC.Thepercentageofabank'sdepositsintheformofcashreservesD.Therequirementforcashreserves8.Adraftislikeacheckthatcanbeendorsedbutitisn'tatitletogoods,like______.A.abillofladingB.aninspectioncertificateC.acertificateoforiginD.aninsurancecertificate9.Arbitrage______.A.isageneraleconomictermforbuyingsomethingwhereitischeapandsellingitwhereitisdearB.keepsexchangeratesconsistentacrossmarketsC.hasbeenoutlawedbytheInternationalMonetaryFundD.cannotoccurwherethereisaforwardexchangemarketE.bothAandB10.Whatisthepurposeofcomparingtheledgerentrieswiththedocuments?______.A.ToprovethatallthetransactionshavemadefortherightamountsB.ToprovethatalltheaccountshavebeenpostedcorrectlyC.TocheckthenumberofallthedebitsandcreditsD.Toposttherightaccounts11.WhatisDollarCostAveraging?______.A.AbrokerageaccountthatgivesinvestorscheaptradesB.TheideathatpricestendtoriseoverthelongtermC.BuyingstocksthatarebelowaverageinvalueD.AflatquarterlymutualfundfeeaveragedthroughouttheyearE.Astrategyofinvestingmoneyonaregularbasistotakeadvantageofmarketfluctuations12.FromaChinesebank'spointofview,thecurrencyaccountwhichitmaintainsabroadisknownas______,whileaRMBaccountoperatedinChinaforaforeignbankistermed______.A.avostroaccount...anostroaccountB.avostroaccount…amirroraccountC.amirroraccount…anostroaccountD.anostroaccount...avostroaccount13.UnderFOBtermsthebillofladingwouldstategoods______.A.loadedonboard,freightpayableatdestinationB.loadedonboard,freightpaidC.receivedforshipment,freightpaidD.receivedforshipment,freightpayableatdestination14.Theliabilitiesofthebankasshowninitsbalancesheetrepresentthe______whichitusesinitsbusiness.A.sourcesofthefundsB.sharecapitalC.investmentsD.advancestocustomers15.Internationalpaymentsandothermessagesareoftensentthroughaninternationalcomputernetworkcalled______.A.CHAPSB.BACSC.SWIFTD.EIMT16.Lowlevelsofuncertainty(risk)areassociatedwith.A.stocksB.stockoptionsC.higherpotentialreturnsD.lowerpotentialreturns17.Governmentsecuritieswouldappearonacommercialbank'sbalancesheetas______.A.anassetB.reservesC.partofnetworthD.aliability18.Amajorproblemwithafixedexchangeratesystemisthatwhencountriesrunforeigntradedeficits,______.A.thereisnoself-correctingmechanismB.currencyvaluesbecomeunstableC.thevalueofthereservecurrencydeclinesD.worldinflationincreases19.Inaparticulareconomybanksarerequiredtokeep25percentofalldepositsintheformofreserves;thisgivesacredit-creationmultiplierof______.A.fourB.threeC.twoD.five20.Regulationofthemoneysupplyandfinancialmarketsisreferredtoas______.A.fiscalpolicyB.incomepolicyC.monetarypolicyD.budgetarypolicy答案：1.A2.A3.C4.A5.D6.D7.A8.A9.E10.B11.E12.D13.A14.A15.C16.D17.A18.A19.A20.C1.Whenacountryrunsaforeigntradedeficitunderaflexibleforeignexchangeratesystem,its.A.importsautomaticallyincreaseB.currencyautomaticallydepreciatesC.exportsautomaticallydeclineD.currencyautomaticallyappreciates2.Whichofthefollowingstatementsisnottrueofaccounting?______.A.AccountingislanguageofbusinessB.Theuserofaccountingincludesbusiness,government,nonprofitorganizationsandindividuals.C.AccountingisusefulfordecisionmakingD.Accountingisanendratherthanameanstoanend3.Thetermforeignexchangeisbestdefinedbythefollowingstatement:itis______.A.therateofexchangebetweentwocurrenciesB.synonymouswithcurrencyexchangeC.theplaceinwhichforeigncurrenciesisexchangedD.aninstrumentsuchaspapercurrency,note,andcheckusedtomakepaymentsbetweencountries4.WhatisAssetAllocation?______.A.Buyingassetsofdifferenttypes,risks,andpotentialreturnsB.BuyingassetswithmorethanonebrokerageaccountC.TheabilitytobuymutualfundsD.Buyingstocksforthelongterm5.Externalusersoffinancialaccountinginformationincludeallofthefollowingexcept.A.suppliersB.linemanagersC.generalpublicD.creditors6.CAPMisshortfor.A.CapitalAssetPricingModelB.CashAddedPriceMatrixC.CapitalAssetPricingMatrixD.CostandPriceModel7.Liquiditymeasuresthe______.A.valueofanassetB.easewithwhichanassetcanbeexchangedC.usefulnessofanassetD.economicandmonetaryreliabilityofanassetcomparedwithotherassets8.Inaletterofcredittransaction,thebankpaystheselleragainst______whichagree(s)with______.A.documents...thecreditB.merchandise...thecontractC.documents...thecontractD.merchandise...thebuyerordered9.Abartereconomyisonethatdoesnotpossess_______.A.anywealthB.printedcurrencyC.amediumofexchangeD.gold10.Whichofthefollowingisnottrueofairwaybill?______.A.Whengoodsaredeliveredtotheairline,theairwaybillissignedbythemortheiragentsasareceiptofthegoodsB.AirwaybillisadocumentoftitletothegoodsC.AirwaybillmayalsoprovideevidenceofdespatchofthegoodswhereithasbeenstampedindicatingdetailsoftherelevantflightD.Noneoftheabove1.Whenacountryrunsaforeigntradedeficitunderaflexibleforeignexchangeratesystem，its.A.importsautomaticallyincreaseB.currencyautomaticallydepreciatesC.exportsautomaticallydeclineD.currencyautomaticallyappreciates2.Whichofthefollowingstatementsisnottrueofaccounting?______.A.AccountingislanguageofbusinessB.Theuserofaccountingincludesbusiness,government,nonprofitorganizationsandindividuals.C.AccountingisusefulfordecisionmakingD.Accountingisanendratherthanameanstoanend3.Thetermforeignexchangeisbestdefinedbythefollowingstatement:itis______.A.therateofexchangebetweentwocurrenciesB.synonymouswithcurrencyexchangeC.theplaceinwhichforeigncurrenciesisexchangedD.aninstrumentsuchaspapercurrency,note,andcheckusedtomakepaymentsbetweencountries4.WhatisAssetAllocation?______.A.Buyingassetsofdifferenttypes,risks,andpotentialreturnsB.BuyingassetswithmorethanonebrokerageaccountC.TheabilitytobuymutualfundsD.Buyingstocksforthelongterm5.Externalusersoffinancialaccountinginformationincludeallofthefollowingexcept.A.suppliersB.linemanagersC.generalpublicD.creditors6.CAPMisshortfor.A.CapitalAssetPricingModelB.CashAddedPriceMatrixC.CapitalAssetPricingMatrixD.CostandPriceModel7.Liquiditymeasuresthe______.A.valueofanassetB.easewithwhichanassetcanbeexchangedC.usefulnessofanassetD.economicandmonetaryreliabilityofanassetcomparedwithotherassets8.Inaletterofcredittransaction,thebankpaystheselleragainst______whichagree(s)with______.A.documents...thecreditB.merchandise...thecontractC.documents...thecontractD.merchandise...thebuyerordered9.Abartereconomyisonethatdoesnotpossess_______.A.anywealthB.printedcurrencyC.amediumofexchangeD.gold10.Whichofthefollowingisnottrueofairwaybill?______.A.Whengoodsaredeliveredtotheairline,theairwaybillissignedbythemortheiragentsasareceiptofthegoodsB.AirwaybillisadocumentoftitletothegoodsC.AirwaybillmayalsoprovideevidenceofdespatchofthegoodswhereithasbeenstampedindicatingdetailsoftherelevantflightD.Noneoftheabove11.Thevalueofmoneyvaries_____.A.directlywiththeunemploymentrateB.directlywiththepricelevelC.inverselywiththeunemploymentD.inverselywiththepricelevel12.TheeconomicsnewsonthetelevisionreportsthatthedollarhasstrengthenedrelativetotheJapaneseyen.Thismeansthat______.A.thedollarhasdepreciatedrelativetotheyenB.thedollarcannowpurchasemoreyenC.theyencannowpurchasemoredollarsD.theUStradebalancewiththeJapaneseeconomyhasimproved13.Thetheoryofinternationalexchangethatholdsthatexchangeratesaresetsothatthepriceofsimilargoodsindifferentcountriesisthesameisthe______.A.pricefeedbacktheoryB.tradefeedbacktheoryC.purchasingpowerparitytheoryD.J-curvetheory14.Accordingtotheoptimalportfoliotheory,whereshouldportfolioslie?______.A.OntheefficientfrontierB.AbovetheefficientfrontierC.UndertheefficientfrontierD.Anywhere,aslongastheportfolioisdiversified15.Whichofthefollowingisnotauserofmanagementaccountinginformation?______.A.StoremanagerB.CreditorC.CEOD.CFO16.Basedonthescenariosbelow,whatistheexpectedreturnforaportfoliowiththefollowingreturnprofile?______.MarketConditionBearNormalBullProbability020.305Rateofreturn—25%10%24%A.4%B.10%C.20%D.25%UsethefollowingexpectationsonStocksXandYtoanswerquestions17through19(roundtothenearestpercent).BearMarketNormalMarketBullMarketProbability0.20.50.3StockX_-20%18%50%StockY-15%20%10%17.Financialmarketsservetochannelfundsfrom______.A.thegovernmenttocontractorsB.investorstoconsumersC.consumerstoproducersD.saverstoinvestors18.TheagreementsthatwerereachedattheBrettonWoodsconferencein1944establishedasystem.A.ofessentiallyfixedexchangeratesunderwhicheachcountryagreedtointerveneintheforeignexchangemarketwhennecessarytomaintaintheagreed-uponvalueofitscurrencyB.offloatingexchangeratesdeterminedbythesupplyanddemandofonenation'scurrencyrelativetothecurrencyofothernationsC.thatprohibitedgovernmentsfrominterveningintheforeignexchangemarketsD.inwhichthevaluesofcurrencieswerefixedintermsofaspecificnumberofouncesofgold,whichinturndeterminedtheirvaluesininternationaltrading19.Whichofthefollowingstatementsisnotconsistentwithgenerallyacceptedaccountingprinciplesrelatingtoassetvaluation?.A.AssetsareoriginallyrecordedinaccountingrecordsattheircosttothebusinessentityB.Accountantsprefertobasethevaluationofassetsuponobjective,verifiableevidenceratherthanuponappraisalsorpersonalopinionC.Accountantsassumethatassetssuchasofficesupplies,landandbuildingswillbeusedinbusinessoperationsratherthansoldatcurrentmarketpricesD.Subtractingtotalliabilitiesfromtotalassetsindicateswhattheowner'sequityinthebusinessisworthundercurrentmarketconditions20.AfiscalexpansionintheUK______thepoundsterling.A.tendstoappreciateB.tendstodepreciateC.doesnotaffectthepriceofD.hasnopredictableeffectonthepriceof答案：1.B2.D3.D4.A5.B6.A7.B8.A9.C10.B11.D12.B13.C14.A15.B16.B17.A18.A19.D20.A