金融英语试题：FECT-1(9)单选题

金融英语试题：FECT-1(9)单选题 #

第一考试网整理了以下内容 #

True or False Questions

1. As a general rule， the shorter the maturity of an asset and the more readily it can be sold， the more liquid is the asset. #

A.True B.False #

2. Investors in the capital markets are not subject to any tax on their investments. #

A.True B.False

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3. CMO is a security backed by a pool of pass-through rates， structured so that there are several classes of bondholders with varying maturities， called tranches.

A.True B.False

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4. The purpose of the letter of credit is to facilitate trade， typically international trade by substituting the known credit worthiness of a bank for the buyer， which may be unknown or unacceptable to the seller.

A.True B.False

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5. According to the Phillips Curve， the economy cannot be at full employment and stable prices at the same time.

A.True B.False #

6. When total reserves are equal to required reserves， the banking system cannot extend loans anymore.

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A.True B.False #

7. A bill of lading that covers the shipment of goods on two separate vessels is known as thorough bill of lading.

A.True B.False #

8. Usually the more liquid asset is less risky. #

A.True B.False #

9. Where the bill of exchange is not accompanied by documents， these having been sent to the importer， the transaction is known as a clean collection.

A.True B.False #

10. The velocity of money is the speed with which it can be converted into a liquid asset.

#

A.True B.False

11. Primitive securities yield returns that depend on additional factors pertaining to the prices of other assets， while a derivative security offers returns based only on the status of the issuer. #

A.True B.False #

12. A car loan offered by a bank is a derivative security.

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A.True B.False

13. Options give buyers the obligation to buy or sell an asset at a present price over a specific period.

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A.True B.False #

14. Futures contracts usually end in the delivery of the underlying commodity. #

A.True B.False #

15. The forward exchange rate is the current spot rate adjusted for the interest rate differentials.

A.True B.False #

16. Dirty price is the bond price excluding accrued interest， i.e.， the price paid by the bond buyer.

A.True B.False

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17. Every transaction must produce a debit and credit entry of the same financial amount.

A.True B.False

18. There are three parties to a life policy in addition to the issuing company： the insurer， the life assured and the beneficiary.

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A.True B.False #

19. A guarantee is an agreement that may be evidenced in writing or in oral form. #

A.True B.False

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20. An insurable interest is assumed where people take life assurance on their own lives or where the relationship is that of husband and wife. #

A.True B.False #

21. Profit does not equal cash and some profitable businesses have failed for want of cash. #

A.True B.False #

22. Bills are negotiated with recourse to customers in the event of nonpayment.

A.True B.False

23. A firm‘s gearing is the level of fixed assets as a percentage of total assets.

A.True B.False

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24. A bank must obtain a judgment if it wishes to pursue its legal remedies against a debtor.

#

A.True B.False

25. When a country borrows from abroad， its balance of international payments shows an outflow of foreign exchange.

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A.True B.False（第一考试网整理） #