金融英语试题：FECT-1(3)单选题

金融英语试题：FECT-1(3)单选题

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1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______. #

A. Import of goods priced in a foreign currency

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B. Import of goods priced in RMB #

C. Export of goods priced in RMB

D. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract

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2. Incoterms address ______. #

A. the risks of loss between the parties #

B. breaches of contract #

C. ownership rights

D. type of ship used #

3. Which of the following is or was an example of representative full-bodied money? ______.

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A. Debt money #

B. ATS account

C. Gold certificate

D. Demand deposit #

4. Risks associated with investing in foreign countries are the following except ______.

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A. voting risk

B. exchange rate risk #

C. country risk #

D. political risk

5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.

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A. Exporter; Exporter

B. Exporter; Importer

C. Importer; Importer

D. Importer; Exporter

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6. Default risk refers to the possibility that a borrower may ______.

A. be unable to repay the principal on his loan #

B. be unable to make the interest payments on his loan #

C. go bankrupt #

D. all of the above #

7. What is the reserve requirement? ______. #

A. The requirement of a bank to deposit a percentage of money #

B. The requirement for deposits in cash

C. The percentage of a bank's deposits in the form of cash reserves

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D. The requirement for cash reserves #

8. A draft is like a check that can be endorsed but it isn't a title to goods, like ______.

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A. a bill of lading

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B. an inspection certificate #

C. a certificate of origin #

D. an insurance certificate #

9. Arbitrage ______.

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A. is a general economic term for buying something where it is cheap and selling it where it is dear #

B. keeps exchange rates consistent across markets

C. has been outlawed by the International Monetary Fund #

D. cannot occur where there is a forward exchange market

E. both A and B #

10. What is the purpose of comparing the ledger entries with the documents? ______.

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A. To prove that all the transactions have made for the right amounts #

B. To prove that all the accounts have been posted correctly

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C. To check the number of all the debits and credits #

D. To post the right accounts

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11. What is Dollar Cost Averaging? ______.

A. A brokerage account that gives investors cheap trades

B. The idea that prices tend to rise over the long term #

C. Buying stocks that are below average in value

D. A flat quarterly mutual fund fee averaged throughout the year

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E. A strategy of investing money on a regular basis to take advantage of market fluctuations #

12. From a Chinese bank's point of view, the currency account which it maintains abroad is known as______, while a RMB account operated in China for a foreign bank is termed ______. #

A. a vostro account... a nostro account

B. a vostro account…a mirror account

C. a mirror account…a nostro account #

D. a nostro account... a vostro account #

13. Under FOB terms the bill of lading would state goods ______.

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A. loaded on board, freight payable at destination

B. loaded on board, freight paid #

C. received for shipment, freight paid

D. received for shipment, freight payable at destination #

14. The liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business. #

A. sources of the funds #

B. share capital

C. investments #

D. advances to customers

15. International payments and other messages are often sent through an international computer network called ______.

A. CHAPS #

B. BACS #

C. SWIFT

D. EIMT #

16. Low levels of uncertainty (risk) are associated with . #

A. stocks

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B. stock options

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C. higher potential returns #

D. lower potential returns #

17. Government securities would appear on a commercial bank's balance sheet as ______.

A. an asset #

B. reserves #

C. part of net worth

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D. a liability #

18. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______. #

A. there is no self-correcting mechanism #

B. currency values become unstable

C. the value of the reserve currency declines #

D. world inflation increases #

19. In a particular economy banks are required to keep 25 percent of all deposits in the form of reserves; this gives a credit-creation multiplier of ______. #

A. four

B. three #

C. two #

D. five #

20. Regulation of the money supply and financial markets is referred to as ______.

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A. fiscal policy #

B. income policy #

C. monetary policy #

D. budgetary policy #

答案： #

1.A 2.A 3.C 4.A 5.D 6.D 7.A 8.A 9.E 10.B #

11.E 12.D 13.A 14.A 15.C 16.D 17.A 18.A 19.A 20.C第一考试网整理