金融英语单选题练习

1、精品 料推荐金融英语： FECT-1 单选题（一）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

2、 _. A. the trade surplusB. the exchange rate C. the money price D. the currency rate3. Market risk refers to the risk of_.A. financial prices fluctuationsB. defaultC. fraudD. deferred payments4. Which of the followingisnot among the generallyacceptedaccountingprinciples?_.A. Cash basisB. PrudenceC.

3、ConsistencyD. Going concernE. Money measurement.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 o

4、f importers D. All of the above6. Holding a group of assets reduces risk as long as the assets _. A. are perfectly correlatedB. are completely independentC. do not have precisely the same pattern of returns D. have a correlation coefficient greater than one7. An amount, payable in money goods, or se

5、rvice, owed by a business to a creditor, is known as a/an .A. liabilityB. debtC. equityD. asset8. What function is money serving when you buy a ticket to a movie? _. A. store of value1精品 料推荐B. a medium of exchangeC. transaction demandD. a unit of account9. If foreigners expect that thefuture price o

6、fsterlingwillbe lower, the_.A. supplyofsterlingwillincrease,demand forsterlingwillfall,and theexchangerate will fallB. supplyofsterlingwillincrease,demand forsterlingwillrise,and theexchangerate may or may not increaseC. supplyofsterlingwillfall,demand for sterling willincrease,and theexchangerate w

7、ill riseD. supply of sterling will fall, demand for sterling will fall, and the exchange rate may or may not fall10.The documentarycollectionprovidesthesellerwithagreaterdegreeofprotection than shipping on _.A. open accountB. banks letter of guaranteeC. bankers draftD. documentary credit11. Which of

8、 the following statements is not true of central banks? _. A. They pay the governments salariesB. They always undertake the regulation of the banking system C. 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. appre

9、ciates by 12.70%B. depreciates by 14.55% C. depreciates by 12.70% D. appreciates by 14.55%13. Accordingtodiversificationprinciplein investment,suppose you investStockX 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

10、of the portfolio is reducedB. If X and Y are 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 p

11、ortfolio is neither reduced nor increased14. These are four main methods of securing payment in international trade:(1) payment under documentary credit(2) open account(3)collection,thatis document againstpayment or acceptanceof a billof exchange(4) payment in advanceFrom an exporters point of view,

12、 the order of preference is _.2精品 料推荐A. (4) , (2) , (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 reserves C. loans and overdrafts D. cash16. _ shows that net income for a specified peri

13、od of time and how it was calculated.A. The income statement B. The 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 s

14、cale B. Because assets and liabilities are evenly matchedC. Because the interbank 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

15、 reduced by one-half19. A possible disadvantage of freely fluctuating exchange rates with no official intervention is that .A. some nations would experience continual deficitsB. the exchange rates may experience wide and frequent fluctuationsC. nationswould no longerbe able to undertakedomestic poli

16、ciesdesigned to achieveand maintain full employmentD. nations would need a larger supply of international reserves than otherwise20. What are your GBP/USD position and the average rate if you sell4m at 1.6350buy 5m at 1.6340 and sell $5m at 1.6348?A. Short2 058 478.10 long $3 370 000 at 1.6371B. Lon

17、g5 941 521.90 short $9710 000 at 1.6342C. Short5 941 521.90 long $9 710 000 at 1.6342D. Long4 058 478.10 short $6 630 000 at 1.6336答案：1.D 2.B 3.A 4.A 5.A 6.C 7.A 8.B 9.A 10.A11.B 12.B 13.D 14.B 15.A 16.A 17.A 18.B 19.B 20.D（二）3精品 料推荐1. Under which one of the followingcircumstanceswould itbe wise for

18、your customerto 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. Exportof goods pricedina foreigncurrencywhere the rateof exchange has beenagreed in the sales contract2. Incoterms address

19、_.A. the risks of loss between the partiesB. breaches of contractC. ownership rightsD. type of ship used3. Which of the followingisor was an example of representativefull-bodiedmoney?_.A. Debt moneyB. ATS accountC. Gold certificateD. Demand deposit4. Risks associated with investing in foreign countr

20、ies are the following except_.A. voting riskB. exchange rate risk C. country riskD. political risk5. 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; Exporter B. Exporter; Importer C. Importer; Importer D. Importe

21、r; Exporter6. 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 bankruptD. all of the above7. What is the reserve requirement? _.A. The requirement of a bank to deposit a percentage

22、of moneyB. The requirement for deposits in cashC. The percentage of a banks deposits in the form of cash reservesD. The requirement for cash reserves8. A draft is like a check that can be endorsed but it isnt a title to goods, like_.A. a bill of ladingB. an inspection certificate4精品 料推荐C. a certific

23、ate of originD. an insurance certificate9. 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. cannot occur where there is a forward

24、exchange marketE. both A and B10. What isthe purpose of comparingthe ledgerentrieswiththe 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 debits and creditsD. To post the r

25、ight accounts11. 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 yearE. A strategy of investing

26、money on a regular basis to take advantage of market fluctuations12. 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 bankis termed _.A. a vostro account. a nostro accountB. a vostro accounta mirror a

27、ccountC. a mirror accounta nostro accountD. a nostro account. a vostro account13. 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, freight payable

28、at destination14. 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 capital C. investmentsD. advances to customers15.Internationalpaymentsandothermessagesareoftensentthroughaninternational computer network called _

29、.A. CHAPSB. BACSC. SWIFT5精品 料推荐D. EIMT16. Low levels of uncertainty (risk) are associated with .A. stocksB. stock optionsC. higher potential returnsD. lower potential returns17. Government securitieswould appear on a commercialbanks balancesheet as _.A. an assetB. reservesC. part of net worthD. a li

30、ability18. 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 increases19. In a particular economy banks are r

31、equired to keep 25 percent of all deposits in the form of reserves; this gives a credit-creation multiplier of _.A. four B. three C. twoD. five20. Regulation of themoney supply and financial markets is referred toas _.A. fiscal policyB. income policyC. monetary policyD. budgetary policy答案：1.A 2.A 3.

32、C 4.A 5.D 6.D 7.A 8.A 9.E 10.B11.E 12.D 13.A 14.A 15.C 16.D 17.A 18.A 19.A 20.C（三）1. When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its .A. imports automatically increaseB. currency automatically depreciates C. exports automatically declineD. currency auto

33、matically appreciates2. Which of the following statements is not true of accounting? _.A. Accounting is language of businessB. The user of accounting includes business, government, nonprofit organizations and individuals.6精品 料推荐C. Accounting is useful for decision makingD. Accounting is an end rathe

34、r than a means to an end3. The termforeignexchange isbest definedby the following statement:itis _.A. the rate of exchange between two currenciesB. synonymous with currency exchangeC. the place in which foreign currencies are exchangedD. an instrument such as papercurrency, note, and check used toma

35、ke payments betweencountries4. What is Asset Allocation? _.A. Buying assets of different types, risks, and potential returnsB. Buying assets with more than one brokerage accountC. The ability to buy mutual fundsD. Buying stocks for the long term5. Externalusersof financialaccountinginformationinclud

36、eall ofthefollowingexcept .A. suppliersB. line managersC. general publicD. creditors6. CAPM is short for .A. Capital Asset Pricing ModelB. Cash Added Price MatrixC. Capital Asset Pricing MatrixD. Cost and Price Model7. Liquidity measures the _. A. value of an assetB. ease with which an asset can be

37、exchanged C. usefulness of an assetD. economic and monetary reliability of an asset compared with other assets8. In a letterof credittransaction,the bank pays the selleragainst_ whichagree(s) with_.A. documents. the creditB. merchandise. the contractC. documents. the contractD. merchandise.the buyer

38、 ordered9. A barter economy is one that does not possess _. A. any wealthB. printed currencyC. a medium of exchange D. gold10. Which of the following is not true of airway bill? _.A. When goods are delivered to the airline, the airway bill is signed by them or their agents as a receipt of the goodsB

39、. Airway bill is a document of title to the goods7精品 料推荐C. Airwaybillmay alsoprovideevidenceof despatchof the goods where ithas beenstamped indicating details of the relevant flightD. None of the above11. The value of money varies _. A. directly with the unemployment rate B. directly with the price

40、levelC. inversely with the unemployment D. inversely with the price level12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that _.A. the dollar has depreciated relative to the yen B. the dollar can now purchase more yenC. the y

41、en can now purchase more dollarsD. the US trade balance with the Japanese economy has improved13. The theory ofinternational exchange that holds that exchange ratesare set sothat the price of similar goods in different countries is the same is the _.A. price feedback theoryB. trade feedback theoryC.

42、 purchasing power parity theoryD. J-curve theory14. Accordingtothe optimalportfoliotheory, where should portfolioslie?_.A. On the efficient frontierB. Above the efficient frontierC. Under the efficient frontierD. Anywhere, as long as the portfolio is diversified15. Which ofthefollowing isnot a usero

43、f management accounting information?_.A. Store managerB. CreditorC. CEOD. CFO16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? _.Market Condition bear Normal BullProbability02 0.305Rate of return25%10% 24%A. 4%B. 10%C. 20%D. 25%Use the f

44、ollowing expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).Bear MarketNormal MarketBull MarketProbability8精品 料推荐Stock X_-20%18%50%Stock Y-15%20%10%17. Financial markets serve to channel funds from _.A. the government to contractorsB. investors t

45、o consumersC. consumers to producersD. savers to investors18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain t

46、he agreed-upon value of its currencyB. of floating exchange rates determined by the supply and demand of one nations currency relative to the currency of other nationsC. that prohibited governments from intervening in the foreign exchange markets D. in which the values of currencies were fixed in te

47、rms of a specific number of ounces of gold, which in turn determined their values in international trading19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .A. Assets areoriginallyrecordedin accounting records at their

48、costto the businessentityB. Accountants prefer to base the valuation of assets upon objective, verifiableevidence rather than upon appraisals or personal opinionC. Accountantsassume that assetssuch as officesupplies,landand buildingswillbe used in business operations rather than sold at current mark

49、et pricesD. Subtractingtotalliabilitiesfrom total assetsindicateswhattheownersequityin the business is worth under current market conditions20. A fiscal expansion in the UK _ the pound sterling. A. tends to appreciateB. tends to depreciateC. does not affect the price ofD. has no predictable effect o

50、n the price of答案：1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B11.D 12.B 13.C 14.A 15.B 16.B 17.A 18.A 19.D 20.A（四）1. What are the expected returns for Stocks X and Y respectively? _. A. 20% and 10%B. 18% and 12%C. 20% and 11%D. 18% and 5%2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in for