金融英语考试时间

金融英语证书考试

金融英语证书考试（FECT）Exercis-1（1）

fthefollowingisnotafunctionofmoney？______。?

samediumofexchange

saunitofaccount

sastoreofvalue

ideadoublecoincidenceofwants

sameansofpayment

ceintheforeignexchangemarketiscalled______。

desurplus

hangerate

eyprice

rencyrate

riskreferstotheriskof______。

ialpricesfluctuations

t

edpayments

fthefollowingisnotamongthegenerallyacceptedaccountingprinciples？______。

sis

ce

tency

oncern

easurement。

adocumentaryletterofcredit？______。

tionalbankundertakingtopayanexporteronproductionofstipulated

doflendingagainstdocumentarycurity

rnationaltradettlementsystembiadinfavourof

heabove

gagroupofastsreducesriskaslongastheasts______。

fectlycorrelated

pletelyindependent

aveprecilythesamepatternofreturns

orrelationcoefficientgreaterthanone

nt，payableinmoneygoods，orrvice，owedbyabusinesstoacreditor，isknownas

a/an。

ity

nctionismoneyrvingwhenyoubuyatickettoamovie？______。

fvalue

金融英语证书考试

mofexchange

ctiondemand

faccount

ignerxpectthatthefuturepriceofsterlingwillbelower，the______。

ofsterlingwillincrea，demandforsterlingwillfall，andthe

exchangeratewillfall

ofsterlingwillincrea，demandforsterlingwillri，andthe

exchangeratemayormaynotincrea

ofsterlingwillfall，demandforsterlingwillincrea，andtheexchangeratewillri

ofsterlingwillfall，demandforsterlingwillfall，andtheexchangeratemayormaynotfall

umentarycollectionprovidesthellerwithagreaterdegreeofprotectionthanshippingon

______。

count

'sletterofguarantee

'sdraft

ntarycredit

fthefollowingstatementsisnottrueofcentralbanks？______。

ythegovernment'ssalaries

waysundertaketheregulationofthebankingsystem

ealwaysthelenderoflastresort

theabove

P/USDrategoesfrom1.6150to1.8500，wesaythedollar______。

iatesby12.70%

ingtodiversificationprincipleininvestment，suppoyouinvestStockXandStockYwith

equalfunds，whichofthefollowingisnottrue？______。

Yaretotallyindependentwitheachother，theriskoftheportfolioisreduced

Yareperfectlynegativelycorrelated，theriskoftheportfolioisperfectlyofft

Yareperfectlypositivelycorrelated，theriskoftheportfolioisneitherreducednorincread

Yareperfectlynegativelycorrelated，theriskoftheportfolioisneitherreducednorincread

refourmainmethodsofcuringpaymentininternationaltrade：

（1）paymentunderdocumentarycredit

（2）openaccount

（3）collection，thatisdocumentagainstpaymentoracceptanceofabillofexchange

（4）paymentinadvance

Fromanexporter'spointofview，theorderofpreferenceis______。

A.（4），（2），（3），（1）

B.（4），（1），（3），（2）

C.（4），（3），（1），（2）

D.（2），（4），（1），（3）

nliabilityonabankbalancesheetis______。

ts

金融英语证书考试

landrerves

ndoverdrafts

16.______showsthatnetincomeforaspecifiedperiodoftimeandhowitwascalculated。

omestatement

italstatement

ountingstatement

tementoffinancialcondition

ttheliabilitiesandastsofabankbeactivelymanaged？______。

eastsandliabilitiesarenotevenlymatchedonthesametimescale

eastsandliabilitiesareevenlymatched

etheinterbankmarketusLIBOR

eastsandliabilitiescanbeunderwritten

xpectedreturnsoftworiskyastshaveaperfectnegativecorrelation，thenrisk。

ead

ozero

fected

cedbyone-half

bledisadvantageoffreelyfluctuatingexchangerateswithnoofficialinterventionisthat。

tionswouldexperiencecontinualdeficits

hangeratesmayexperiencewideandfrequentfluctuations

swouldnolongerbeabletoundertakedomesticpoliciesdesignedtoachieveandmaintainfull

employment

swouldneedalargersupplyofinternationalrervesthanotherwi

eyourGBP/USDpositionandtheaveragerateifyoull￡4mat1.6350buy￡5mat1.6340

andll$5mat1.6348？

￡2058478.10long$3370000at1.6371

￡5941521.90short$9710000at1.6342

￡5941521.90long$9710000at1.6342

￡4058478.10short$6630000at1.6336

lationcoefficientof+1.0meanstwostocksare______。

tlynegativelycorrelated

tethemarketbeta

othemarketbeta

tlypositivelycorrelated

centageanalysisofincreasanddecreasincorrespondingitemsincomparative

financialstatementsiscalled______。

alanalysis

ntalanalysis

alanalysis

ativeanalysis

thenameofthedocumentwhichcanmakeabuyerfeelconfidentthatgoodsareofa

certainstandard？______。

tioncertificate

金融英语证书考试

cialinvoice

ncepolicy

icateoforigin

mesfinancialintermediariesby"borrowingshortandlendinglong"findthemlvesindifficult

financialsituationsbecau

-termratesarefalling

-termratesarerising

tsincreatoorapidly

-termratesrirelativetoratesoftheirholdings

-termratesrimoresharplythanshort-termrates

rmswerewritten______

nternationalChamberofCommerce

heUnitedNationsConventionfortheInternationalSaleofGoods

ViennaConvention

heKyotoProtocolsasadoptedin2000

poofkeepingaccountisto

inewhetherthebusinesshasmadeaprofitoraloss

twhythebusinesshaslostmoney

muchhasbeenspent

twhythebusinesscannotfulfilitscommitments

rvesare20percentthenthemultipliereffectwillbe______timessotheoriginaldepositof

RMB40000cancreateupto______ofnewdeposits

A.5RMB200000

B.4RMB120000

C.3RMB80000

D.6RMB20000

panyisthebeneficiaryofaconfirmedirrevocableletterofcredit.______bankswill

assurethecompanythatitwillbepaid

enderincludes

ndcoins

nly

nly

oinsandchecks

lowingarethebasicfunctionsofabillofladingexcepttoactas______

ptforthegoodsfromtheshippingcompanytotheexporter

entoftitleforgoodsbeingshippedoveras

ficateoforiginwhichcertifiesthatthegoodswereproducedinaparticularcountry

ceofthecarriagecontractbetweentheexporterandthecarrier

tentforeigntradedeficitsunderaflexibleexchangeratesystemusuallyleadto______

ioninthedomesticeconomy

金融英语证书考试

ationoffuturedevaluation

ginterestrates

imports

itionalamountpaidinbuyingorllingacurrencyatagivenfuturedateiscalled。

m

sion

nd

anagetheirastsconsidering______。

timumcombinationoftheabove

gs

ity

thefunctionofthebook-keepingsysteminbankaccounting？______。

ethatalltheday'stransactionshavegonethroughfortherightamount

ethatalltheday'stransactionshaveallbeenpostedtotherightaccount

ethatthefreshbalanceofthoaccountsiscorrectafterrecordingthetransactions

heabove

kthatisspecifictoindividualstocksiscalled______。

aticrisk

yrisk

ematicrisk

risk

nobjectiveoftheExchangeEqualizationAccountisto______。

tunduefluctuationintheexchangevalueofonecountry'sowncurrencyagainstothercurrencies

ltherateofinflation

thatnotesandcoinscontinuetobeacceptableasamediumofexchange

theexchangeofpaymentsbetweenbanks

youprovethatnotransactionsaremissingorwrongattheendoftheday？______。

snootherwaythanhavethetransactionsrepostedtotheproper

xamineallthetransactionscarefullyandfindthewrongrecords

alancethetotaldebitsandthetotalcreditsbycalculatingthemagain

othatbycheckingthetotaldebitsandthetotalcreditstoewhethertheyareinstateof

balance

_____。

asthecriticalfunctionofamediumofexchange

tatestradeingoodsandrvices

mestheinefficienciesofbarter

heabove

ersbuycurrencyforwardbutdonotllforwardatthesametime，theirpositionisknownas

nner

ation

。

?

金融英语证书考试

clearlyincorporatedintothecontractofsale

rnationalshipmentsbeyondacertaintonnage

rnationalshipmentsundertheUniformCommercialCode

nternationalshipmentsofgoods

hichoneofthefollowingcircumstanceswoulditbewiforyourcustomertoarrange

aforwardforeignexchangecontract？______。

ofgoodspricedinaforeigncurrency

ofgoodspricedinRMB

ofgoodspricedinRMB

ofgoodspricedinaforeigncurrencywheretherateofexchangehasbeenagreedinthe

salescontract

rmsaddress______。

ksoflossbetweentheparties

esofcontract

hiprights

shipud

fthefollowingisorwasanexampleofreprentativefull-bodiedmoney

ney

ount

rtificate

deposit

ssociatedwithinvestinginforeigncountriesarethefollowingexcept______

risk

geraterisk

yrisk

calrisk

？______。

。

esponsibleforthe

freightchargesineach？______。

er；Exporter

er；Importer

er；Importer

er；Exporter

triskreferstothepossibilitythataborrowermay______。

letorepaytheprincipalonhisloan

letomaketheinterestpaymentsonhisloan

heabove

thererverequirement？______。

uirementofabanktodepositapercentageofmoney

uirementfordepositsincash

centageofabank'sdepositsintheformofcashrerves

uirementforcashrerves

islikeacheckthatcanbeendordbutitisn'tatitletogoods，like______。

flading

ectioncertificate

金融英语证书考试

ficateoforigin

rancecertificate

age______

eraleconomictermforbuyingsomethingwhereitischeapandllingitwhereitisdear

xchangeratesconsistentacrossmarkets

noutlawedbytheInternationalMonetaryFund

occurwherethereisaforwardexchangemarket

ndB

thepurpoofcomparingtheledgerentrieswiththedocuments______

ethatallthetransactionshavemadefortherightamounts

ethatalltheaccountshavebeenpostedcorrectly

kthenumberofallthedebitsandcredits

DollarCostAveraging______

rageaccountthatgivesinvestorscheaptrades

athatpricestendtorioverthelongterm

stocksthatarebelowaverageinvalue

uarterlymutualfundfeeaveragedthroughouttheyear

egyofinvestingmoneyonaregularbasistotakeadvantageofmarketfluctuations

hinebank'spointofviewthecurrencyaccountwhichitmaintainsabroadisknown

as______whileaRMBaccountoperatedinChinaforaforeignbankistermed______

oaccountanostroaccount

oaccountamirroraccount

raccountanostroaccount

oaccountavostroaccount

OBtermsthebillofladingwouldstategoods______

onboardfreightpayableatdestination

onboardfreightpaid

edforshipmentfreightpaid

edforshipmentfreightpayableatdestination

bilitiesofthebankasshowninitsbalancesheetreprentthe______whichitusinits

business

softhefunds

apital

ments

estocustomers

ationalpaymentsandothermessagesareoftenntthroughaninternationalcomputer

networkcalled______

elsofuncertaintyriskareassociatedwith

ptions

金融英语证书考试

potentialreturns

otentialreturns

mentcuritieswouldappearonacommercialbank'sbalancesheetas______。

t

es

networth

lity

problemwithafixedexchangeratesystemisthatwhencountriesrunforeigntradedeficits

，

______。

snolf-correctingmechanism

cyvaluesbecomeunstable

ueoftherervecurrencydeclines

nflationincreas

ticulareconomybanksarerequiredtokeep25percentofalldepositsintheformofrerves

thisgivesacredit-creationmultiplierof______。

tionofthemoneysupplyandfinancialmarketsisreferredtoas______。

policy

policy

rypolicy

ountryrunsaforeigntradedeficitunderaflexibleforeignexchangerate

；

system，its。

sautomaticallyincrea

cyautomaticallydepreciates

sautomaticallydecline

cyautomaticallyappreciates

fthefollowingstatementsisnottrueofaccounting？______。

tingislanguageofbusiness

rofaccountingincludesbusiness，government，nonprofitorganizationsandindividuals。

tingisufulfordecisionmaking

tingisanendratherthanameanstoanend

mforeignexchangeisbestdefinedbythefollowingstatement：itis______。

eofexchangebetweentwocurrencies

mouswithcurrencyexchange

ceinwhichforeigncurrenciesareexchanged

rumentsuchaspapercurrency，note，andcheckudtomakepaymentsbetweencountries

AstAllocation？______。

astsofdifferenttypes，risks，andpotentialreturns

astswithmorethanonebrokerageaccount

litytobuymutualfunds

stocksforthelongterm

金融英语证书考试

alursoffinancialaccountinginformationincludeallofthefollowingexcept

ers

nagers

lpublic

ors

shortfor

lAstPricingModel

dedPriceMatrix

lAstPricingMatrix

dPriceModel

itymeasuresthe______

fanast

thwhichanastcanbeexchanged

nessofanast

icandmonetaryreliabilityofanastcomparedwithotherasts

terofcredittransactionthebankpaysthelleragainst______whichagree

ntsthecredit

ndithecontract

ntsthecontract

swith______

reconomyisonethatdoesnotposss_______?

dcurrency

fthefollowingisnottrueofairwaybill______

odsaredeliveredtotheairlinetheairwaybillissignedbythemortheiragentsasareceiptofthe

goods

billisadocumentoftitletothegoods

billmayalsoprovideevidenceofdespatchofthegoodswhereithasbeenstampedindicating

detailsoftherelevantflight

theabove

ueofmoneyvaries_____

lywiththeunemploymentrate

lywiththepricelevel

elywiththeunemployment

elywiththepricelevel

nomicsnewsonthetelevisionreportsthatthedollarhasstrengthenedrelativetotheJapane

ansthat______

larhasdepreciatedrelativetotheyen

larcannowpurchamoreyen

cannowpurchamoredollars

radebalancewiththeJapaneeconomyhasimproved

oryofinternationalexchangethatholdsthatexchangeratesaretsothatthepriceof

similargoodsindifferentcountriesisthesameisthe______

eedbacktheory

eedbacktheory

金融英语证书考试

singpowerparitytheory

D.J-curvetheory

ingtotheoptimalportfoliotheory，whereshouldportfolioslie？______。

fficientfrontier

heefficientfrontier

heefficientfrontier

re，aslongastheportfolioisdiversified

fthefollowingisnotaurofmanagementaccountinginformation？______。

anager

or

nthescenariosbelow，whatistheexpectedreturnforaportfoliowiththefollowingreturn

profile？______。

MarketCondition

A.4%

B.10%

C.20%

D.25%

UthefollowingexpectationsonStocksXandYtoanswerquestions17through19（roundtothe

nearestpercent）。

ialmarketsrvetochannelfundsfrom______。

toinvestors

eementsthatwerereachedattheBrettonWoodsconferencein1944establishedasystem。

ntiallyfixedexchangeratesunderwhicheachcountryagreedtointerveneintheforeign

exchangemarketwhennecessarytomaintaintheagreed-uponvalueofitscurrency

tingexchangeratesdeterminedbythesupplyanddemandofonenation'scurrencyrelativetothe

currencyofothernations

ohibitedgovernmentsfrominterveningintheforeignexchangemarkets

hthevaluesofcurrencieswerefixedintermsofaspecificnumberofouncesofgold，whichin

turndeterminedtheirvaluesininternationaltrading

fthefollowingstatementsisnotconsistentwithgenerallyacceptedaccounting

principlesrelatingtoastvaluation？。

areoriginallyrecordedinaccountingrecordsattheircosttothebusinesntity

tantsprefertobathevaluationofastsuponobjective，verifiableevidenceratherthanupon

appraisalsorpersonalopinion

tantsassumethatastssuchasofficesupplies，landandbuildingswillbeudinbusiness

operationsratherthansoldatcurrentmarketprices

ctingtotalliabilitiesfromtotalastsindicateswhattheowner'quityinthebusinessisworth

undercurrentmarketconditions

lexpansionintheUK______thepoundsterling。

金融英语证书考试

oappreciate

odepreciate

taffectthepriceof

redictableeffectonthepriceof

etheexpectedreturnsforStocksXandYrespectively？______。

A.20%and10%

B.18%and12%

C.20%and11%

D.18%and5%fthefollowingpaymenttermliminatestheexchangerisk

exporterinvoicesinforeigncurrency？______。?

medirrevocabledocumentarycredit

count

ntarycollectionD/A

theabove

，

assumingthe

eviewpointofashort-termcreditor，thistransactionmakesthebusinesslesssolvent

iabilitiesincreadby$7000

stsincreadby$12000

ansactionhadnoimmediateeffectontheowner'quityinthebusiness

fthefollowingtermsofpaymentwillentirelyeliminatecountryrisk？______。

bledocumentarycredits

medIrrevocabledocumentarycredits

ntarycollectionD/P

ntarycollectionD/A

irydateofadocumentarycreditisSunday，24February，anddocumentshavetobeA

fthefollowingisanacceptableprentation？（Assumethereisnolateststateddate

forshipmentstipulated.）______。

tationtoyouonMonday25Februarywiththebillofladingdated25February

tationonMonday25FebruarywiththebillofladingdatedSunday24February

tationonTuesday26FebruarywiththebillofladingdatedSunday24February

tationonFriday22FebruarywiththebillofladingdatedSunday29January

ethestandarddeviationsofreturnsonStocksXandYrespectively？______。

A.15%and26%

B.24%and13%

C.20%and4%

D.28%and8%

esthefirstprentationofdocumentsunderatransferablecredit？______。

ant

eneficiary

beneficiary

theabove

actioncauda$ansactioncould

havebeen______。

entofa$10000bankloan

金融英语证书考试

twithacostof$10000wasdestroyedbyfire

ofadeliverytruckfor$10000cash

tionofa$10000accountreceivable

eastorveasaneffectivestoreofvaluewhen______

ernmentrunslargedeficits

mploymentrateisveryhigh

tivityintheeconomydeclines

nflationoccurs

cationthatthemoneysupplyisgreaterthanthedesirableamountwouldbe

icientspendingandexcessivesaving

ion

uatespendingandrisingunemployment

wagesandprices

ion'sinterestratesarerelativelylowcomparedtothoofothercountriesthentheexchange

valueofitscurrencywilltendto______underasystemofexchangerates

iatefloating

iatefloating

iatefixed

iatefixed

fthefollowingistrueofacompany'sbalancesheet______

layssourcesandusofcashfortheperiod

necessaryifbothanincomestatementandastatementofcashflowsareavailable

eparatereprentationofthecompany'srevenueandexpentransactionsforthe

expansionofthebasicaccountingequationofAsts=Liabilities+Owner'sEquity

ericansorforeignerxpectthereturnondollardepositstobehighrelativetothereturnon

foreigndepositsthereisa______demandfordollardepositsandacorrespondingly______demandfor

foreigndeposits

higher

igher

lower

ower

tyisthe______

twhichcheckingaccountsareconvertedintocash

onshipbetweenthepricelevelandthemoneysupply

whichmoneyturnsover

thatofyour$10000portfolioyouinvest$9000inStockXand$

theexpectedreturnonyourportfolio______

A.18%B.20%C.19%D.3%

fthefollowingwouldyouexpecttofindinacorrectlypreparedincomestatement

lanceattheendoftheperiod

esincurredduringtheperiodtoearnrevenues

butionsbytheownerduringtheperiod

ortedcompany'sfinancialpositionataspecificdate

金融英语证书考试

ceptofbetaismostclolyassociatedwith______。

ationcoefficient

italastpricingmodel

tematicrisk

-varianceanalysis

ocityofmoneyforagivenyearcanbecalculatedby______。

ngGNPbythemoneysupply

ngaggregatesupplybyaggregatedemand

ngthepricelevelbythemoneysupply

lyingthepricelevelbytotaloutput

oryofpurchasingpowerparitystatesthatexchangeratesbetweenanytwocurrencies

willadjusttoreflectchangesin______。

celevelsofthetwocountries

rentaccountbalancesofthetwocountries

calpoliciesofthetwocountries

debalancesofthetwocountries

issuingacredit，itisimportantfortheissuingbank______。

certainoftheimporter'screditworthiness

roughthecontractterms

athoroughunderstandingoftheexporter

heabove