1.Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market。
A.premium
B.par
C.discount
D.bar
2.Which of the following statements about standby letters of credit is true？ ______。
A.They can rve as a guarantee to a buyer against a ller defaulting
B.They are contrary to the general rule that letters of credit may only be ud for the actual movement of goods
C.They are unlike a tender （or other） bond in their legal standing and method of operation
D.They are unlike a tender bond with its fixed expiry date
3.The most liquid of all asts is ______。
A.the stock of commercial banks
B.M 1
C.intelligence
D.the debt of major corporations
4.Beta and standard deviation differ as risk measures in that beta measures ______。
A.only unsystematic risk， while standard deviation measures total risk
B.only systematic risk， while standard deviation measures total risk
C.both systematic and unsystematic risk， while standard deviation measures only unsystematic risk
D.both systematic and unsystematic risk， while standard deviation measures only systematic risk
5.What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements？ ______。
A.Cash provided by or ud in financing activities
B.Cash balance at the end of the period
C.Total liabilities due to creditors at the end of the period
D.Net income
6.An analyst estimates that a stock has the following probabilities of return depending on the state of the economy：
State of economy Probability Return
Good 0.1 15%
Normal 0.6 13%
Poor 0.3 7%
The expected return of the stock is ______。
A.7.8% C.11.7%
D.13.0%
B.11.4%
7.According to the rules of debit and credit for balance sheet accounts ______。
A.increas in ast， liability， and owner's equity accounts are recorded by debits
B.decreas in ast and liability accounts are recorded by credits
C.increas in ast and owner's equity accounts are recorded by debits
D.decreas in liability and owner's equity accounts are recorded by debits 265
8.Individuals will accept the medium of exchange in return for goods and rvices only if they are confident that ______。
A.the inflation rate is zero
B.it posss intrinsic value
C.they can pass it on to others
D.they can exchange it for gold
9.When a country's currency appreciates， the country's goods abroad become ______ and foreign goods in that country become ______。
expensive
B.heaper
heaper
D. expensive
10.A US company is bidding for a contract in China.Its Chine customer asks for a performance bond.What is the most likely cour of action？ ______。
A.It asks its bank to issue a tender bond which can be converted into a performance bond
B.It gives up its bid C.It consults its bank about issuing a standby letter of credit
D.It asks its bank to issue a performance bond
21.The following statements describing net income are all correct except that ______。
A income is computed in the income statement， appears in the statement of owner's equity， and increas owner's equity in the balance sheet
B income is equal to revenues minus expens
C income is computed in the income statement， appears in the statement of owner's equity， and increas the amount of cash shown in the balance sheet
D income can be determined using the account balances appearing in an adjusted trial balance
22.A strong dollar encourages ______。
A.travel to the United States by foreigners
B.purcha of American goods by foreigners
C.Americans to travel abroad
D.Americans to save dollars
23.In what circumstances would the beneficiary of a confirmed documentary credit not receive payment？ ______。
A.Failure of the applicant
B.Failure of the issuing bank
C.Failure to fulfil the credit terms
D.Failure to fulfil the commercial contract
24.The balance in the owner's capital account of ABC Co.Ltd.at the beginning of the year was $65 000.During the year， the company earned revenue of $430 000 and incurred expens of $360 000， the owner withdrew $50 000 in asts， and the balance of the Cash account incread by $10 000.At year-end， the company's net income and the year-end balance in the owner's capital account were，bowl respectively 。
A.$20 000 and $95 000
B.$70 000 and $95 000 C.$70 000 and $85 000
D.$60 000 and $75 000
25.Assume the inflation rate is expected to be 5 percent and the unemployment rate is 8 percent.If workers wish to get a 2 percent real wage increa， they should bargain for a money wage increa of______。
A.3 percent
B.5 percent
C.7 percent
D.13 percent
26.Which statement about portfolio diversification is correct？ 。
A.Proper diversification can reduce or eliminate systematic risk B.As more curities are added to a portfolio， total risk typically would be expected to fall at a decreasing rate
C.The risk-reducing benefits of diversification do not occur meaningfully until at least 30 individual curities are included in the portfolio
D.Diversification reduces the portfolio's expected return becau it reduces a portfolio's total risk
27.Your customer is the applicant for a documentary credit.Which of the following points would appear to be illogical if they appeared on the application form？ ______。
A.Invoice price shown as FOB， bills of lading to be marked freight paid
B.Last date for shipment one week before expiry date
C.Invoice price shown as C&F， but no insurance document requested
D.No mention of the latest date of shipment
28.Portfolio theory as described by Markowitz is most concerned with ______。
A. the effect of diversification on portfolio risk
B. B.the elimination of systematic risk
C. active portfolio management to enhance return
D. the identification of unsystematic risk
29.Commercial bank deposits with the central bank are part of the bank's ______。
A worth
B.demand deposits C.loan portfolio
D.rerves
cwm30.Foreign trade can be conducted on the following terms except for ______。
A.open account
B.documentary collection
C.documentary credits
D.public bonds
41.The danger to the exporter in open account trading is that by surrending the shipping documents to the importer， he ______ control of the goods before he has obtained payment for them。
A.is in
olorB.los
C.retains
D.gives up
42.The primary purpo of showing special types of events parately in the income statement is to 。
A.increa earnings per sharereckon
B.minimize the income taxes paid on the results of ongoing operations
C.prevent unusual loss from recurring
D.assist urs of the income statement in evaluating the profitability of normal， ongoing operations
43.If commercial banks have ample excess rerves， a lower discount rate will _______。
A.encourage them to borrow more
B.encourage them to rai interest rates on loans
C.have little impact on bank behavior
D.increa bank rerves
all that matters44.A bill of lading is a receipt for goods.When is a bill of lading issued？ ______。
A.When the shipper makes up the order
B.When the carrier receives the goods
C.When the carrier delivers the goods to the consignee
D.When the manufacturer produces the goods
45.ABC Co.Ltd.sold marketable curities costing $80 000 for $92 000 cash.In the company's income statement and statement of cash flows， respectively， this will appear as ______。
A.a $12 000 gain and a $92 000 cash receipt
B.a $92 000 gain and a $80 000 cash receipt
C.a $12 000 gain and a $80 000 cash receipt
D.a $92 000 sale and a $92 000 cash receipt
46.Which of the following central bank actions would be appropriate to combat rapid inflation？ 。
A.A reduction in the discount rate
B.A reduction in rerve requirements
C.A cut in taxes
D.A sale of government curities
47.In a currency pair， the first currency is referred to as ______ and the cond as ______。
A.the ba currency…the counter currency
B.the quote currency…the ba currency
C.the ba currency…the exchange currency
D.the trade currency…the ba currency
48.What is the expected return of a zero-beta curity？ ______。
A.Market rate of return
outlets是什么意思 B.Zero-rate of return
C.Risk-free rate of return
D.Negative rate of return
49.Capital ast pricing theory asrts that portfolio returns are best explained by ______。
A.economic factors
B.systematic risk
C.specific risk
D.diversification
50.The______ informs the beneficiary that another bank has issued a credit in his favor without adding its own engagement。
A.advising bank
B.confirming bank
C.drawee bank
D.issuing bank
61.In documentary collection， the documents will not be delivered to the buyer until ______。
A.the goods have arrived
天津学历教育 B.the buyer has cleared the goods
C.the bill is paid or accepted
D.the ller says so
62.In documentary credit operations， all parties concerned deal in ______。
A.credits
B.documents
C.contracts
D.goods
63.A check involves______。
A.the writer， the signer， the cashier，magnetron and the bank
B.the drawer， the payee， and the bank
C.the drawer and the payee
D.the signer， the payee， and the company
64.Assume a bank has $200 million of asts with a duration of 2， and $ 100 million of liabilities with a duration of 3.What is the duration gap for the bank？ ______。
A.2
B.-1
C.0.5
D.-4
65.When a central bank allows the purcha or sale of domestic currency to have an effect on the monetary ba and hence on the money supply， the intervention is said to
be a/an _____ foreign exchange intervention。
A.limited
B.unlimited
C.sterilized
D.unsterilized
66.The shipper wants assurance that his goods will reach their destination.The bill of lading gives him this assurance.It thus rves as a ______。
A.contract for delivery
B.receipt for goods
C.title document
D.negotiable instrument
67.A sound policy to combat a temporary liquidity shortage in the banking system would be 。
A.an increa in the discount rate
B.an increa in rerve requirements
C.a reduction in rerve requirements
D.the purcha of government curities under repurcha agreement
美国留学签证类型68.The narrowest definition of money is referred to as ______。
A.M o
B.M 1
C.M 2
D.M 3
69.Which of the following is the term ud to describe the offtting of the effects of intervention in the foreign exchange market on the domestic money supply？ 。
观点的英文A.Daily intervention
B.Sterilization C.Discretionary monetary policy
D.Discretionary fiscal policy
