金融英语试题:FECT-1(6)单选题
金融英语试题:FECT-1(6)单选题
第一考试网整理以下内容 #
1. What are the expected returns for Stocks X and Y respectively? ______. #
A. 20% and 10% #
B. 18% and 12%
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C. 20% and 11% #
D. 18% and 5%
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2. Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
A. Confirmed irrevocable documentary credit
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B. Open account #
C. Documentary collection D/A #
D. None of the above
3. ABC Co. Ltd. purchased a car for $ 12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct? ______.
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A. From the viewpoint of a short-term creditor, this transaction makes the business less solvent #
B. Total liabilities increased by $7 000 #
C. Total assets increased by $12 000 #
D. This transaction had no immediate effect on the owner‘s equity in the business
4. Which of the following terms of payment will entirely eliminate country risk? ______. #
A. Revocable documentary credits #
B. Confirmed Irrevocable documentary credits
C. Documentary collection D/P #
D. Documentary collection D/A
5. The expiry date of a documentary credit is Sunday, 24 February, and documents have to be A presented to you. Which of the following is an acceptable presentation? ______.
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A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
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B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February #
C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February #
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
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6. What are the standard deviations of returns on Stocks X and Y respectively? ______.
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A. 15% and 26% #
B. 24% and 13% #
C. 20% and 4%
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D. 28% and 8%
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7. Who makes the first presentation of documents under a transferable credit? ______.
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A. Applicant
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B. First beneficiary #
C. Second beneficiary
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D. None of the above #
8. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______. #
A. repayment of a $ 10 000 bank loan #
B. an asset with a cost of $10000 was destroyed by fire
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C. purchase of a delivery truck for $10 000 cash #
D. collection of a $10 000 account receivable #
9. Money ceases to serve as an effective store of value when ______.
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A. the government runs large deficits
B. the unemployment rate is very high #
C. productivity in the economy declines #
D. rapid inflation occurs #
10. An indication that the money supply is greater than the desirable amount would be .
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A. insufficient spending and excessive saving
B. deflation
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C. inadequate spending and rising unemployment
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D. rising wages and prices第一考试网整理