金融英语习题

金融英语习题
金融英语习题

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 serve as a guarantee to a buyer against a seller defaulting

B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods

C. They are unlike a tender 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 assets 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 used 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 economyProbabilityReturn Good 0.1 15% Normal 0.6 13% Poor 0.3 7%The expected return of the stock is ______.

A. 7.8%

B. 11.4%

C. 11.7%

D. 13.0%

7. According to the rules of debit and credit for balance sheet accounts ______.

A. increases in asset,liability,and owner’s equity accounts are recorded by debits

B. decreases in asset and liability accounts are recorded by credits

C. increases in asset and owner’s equity accounts are recorded by debits

D. decreases in liability and owner’s equity accounts are recorded by debits

8. Individuals will accept the medium of exchange in return for goods and services only if they are confident that ______.

A. the inflation rate is zero

B. it possesses 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 ______.

A. cheaper... more expensive

B. more expensive... cheaper

C. cheaper...cheaper

D. more expensive... more expensive

10. A US company is bidding for a contract in China. Its Chinese customer asks for a

performance bond. What is the most likely course 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

11. ABC Co. Ltd. has a $3 500 account receivable from XYZ Store. On March 20,XYZ makes a partial payment of $2 100 to ABC. The journal entry made on Mdrch

20 by ABC to record this transaction includes ______.

A. a debit to the cash received account of $2 100

B. a credit to the Accounts Receivable account of $2 100

C. a debit to the Cash account of $1 400

D. a debit to the Accounts Receivable account of $1 400

12. Intervention in the foreign exchange market means the government ______.

A. restricts individuals from buying and selling foreign exchange

B. restricts the importation of certain goods

C. or central bank buys or sells foreign exchange

D. devalues the currency in the foreign-exchange market

13. Which of the following is not a form of countertrade?______.

A. Counterpurchase

B. Buy-back

C. Offset

D. Balance trade

14. A credit to a revenue account ______.

A. decreases revenues

B. increases equity

C. decreases equity

D. increases assets

15. If the government guaranteed that anyone wishing a job would be provided one,the likely result would be ______.

A. massive layoffs

B. an increase in the money supply

C. an increase in inflationary expectations

D. the development of a barter system

17. Economists assume that most people take risks ______.

A. because doing so is exciting

B. only when they have no riskless alternative

C. very infrequently

D. if they are compensated for taking the risks

18. The Phillips Curve shows the relationship between ______.

A. aggregate demand and aggregate supply

B. interest rates and inflation

C. recessions and booms

D. inflation and the unemployment rate

19. In a fixed exchange rate system,speculative selling of a currency is based on anticipation of .

A. appreciation

B. devaluation

C. a foreign trade surplus

D. interest rate increase

20. A collecting bank is employed by ______.

A. the principal

B. the remitting bank

C. the drawer

D. the drawee,who is its customer

1. What are the expected returns for Stocks X and Y respectively?______.

A. 20% and 10%

B. 18% and 12%

C. 20% and 11%

D. 18% and 5%

2. Which of the following payment terms eliminates the exchange risk,assuming the exporter invoices in foreign currency?______.

A. Confirmed irrevocable documentary credit

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?______.

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?______.

A. Presentation to you on Monday 25 February with the bill of lading dated 25 February

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

6. What are the standard deviations of returns on Stocks X and Y respectively?______.

A. 15% and 26%

B. 24% and 13%

C. 20% and 4%

D. 28% and 8%

7. Who makes the first presentation of documents under a transferable credit?______.

A. Applicant

B. First beneficiary

C. Second beneficiary

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

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 ______.

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 .

A. insufficient spending and excessive saving

B. deflation

C. inadequate spending and rising unemployment

D. rising wages and prices

1. Which of the following is not a function of money?______.

A. To act as a medium of exchange

B. To act as a unit of account

C. To act as a store of value

D. To provide a double coincidence of wants

E. To act as a means of payment

2. The price in the foreign exchange market is called ______.

A. the trade surplus

B. the exchange rate

C. the money price

D. the currency rate

3. Market risk refers to the risk of______.

A. financial prices fluctuations

B. default

C. fraud

D. deferred payments

4. Which of the following is not among the generally accepted accounting principles?______.

A. Cash basis B . Prudence C. Consistency

D. Going concern

E. Money measurement.

5. What is a documentary letter of credit?______.

A. A conditional bank undertaking to pay an exporter on production of stipulated documentation

B. A method of lending against documentary security

C. An international trade settlement system biased in favour of importers

D. All of the above

6. Holding a group of assets reduces risk as long as the assets ______.

A. are perfectly correlated

B. are completely independent

C. do not have precisely the same pattern of returns

D. have a correlation coefficient greater than one

7. An amount,payable in money goods,or service,owed by a business to a creditor,is known as a/an .

A. liability

B. debt

C. equity

D. asset

8. What function is money serving when you buy a ticket to a movie?______.

A. store of value

B. a medium of exchange

C. transaction demand

D. a unit of account

9. If foreigners expect that the future price of sterling will be lower,the ______.

A. supply of sterling will increase,demand for sterling will fall,and the exchange

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2.A mutual fund is an institution that sells shares to the public and uses the proceeds to buy a selection, or portfolio, of various types of stocks, bonds, or both stocks and bonds. The shareholder of the mutual fund accepts all the risks and returns associated with the portfolio. If the value of the portfolio rises, the shareholder benefits, if the value of the portfolio falls, the shareholder suffers the loss.

高二英语选择题精选

A.It's sure that B.Make sure that C.Certain that D.I certain that 高二英语选择题精选(一)15、All of us were joy. A.full with Bnow..filled of C.fulling of D.filled with 1、Well, it's getting late. I must be 16.A.leave Bgo C.off D.away 、He oil and water, but they . A.mixed, don't mix B 2、his hard work, he got a rise. .mixxed, were not mixxed C.mixed, were not mixing DBecause C.As a result of .As a result D.mixxed, don't mix A.Spite of B.17、The music 3、He preferred to for a change rather than stay at home. . A.is sounded wonderful D go away C.watch TV .do house work B.sounds wonderful A.lie in bed B.C.is sounded wonderfully 4、Americans should eat less meat. D.sounds wonderfully 18、They went to Japan B.In Charlie's view . Now they must be . A .In Charlie's opinion .CIt seems likely to Charlie that DA.by sea, at sea B.all are correct .by the sea, at the sea C.by the sea, at sea They tried to 5、who had broken the window. D.by sea, at the sea 19、invent D.search His chemistry is improving, his physics. BA .find out .find C.6、In the north A.so is B.so dots C.such dots D.such is it is colder they grow wheat. 20、“Li Lei is an honest boy.”that where Con which which .B..D.A “to Mother like that. .” 7、I won't have you A.So is he B.So he is C.Neither is he ...Ato talk Btalked Cbe talking D.talking D.Nor he is 21to your parents. Which is wrong? Please give my 、、It's kind me the way to the station. 8 regard A .B.A.of you to tell B.of you telling C.for you to tell .best wishes Cregards .Dlove D.for you telling 22, let me say how glad I am to be here. 、After Mr. Li gave us the lecture on in ternational situation, he us some pictures. 9、 A.went on showing BIn all DAfter all First of all CBAt first A .....went on to show Chim to watch TV at weekend. .went on with showing D.kept on showing 、10His parents 23、“allow Dprevent Csuggest B .Alet ...will the painting be finished?” he or she tell you “In a month.”. 、11Do A.How long B.How often C.what, to do it B .Awhat, to do .How fast D.How soon 24.D which, .C 不填that, 、end of the street there is a post office. 不填 A.At B.In C.By He spoke so fast that I couldn't follow him.12、D.To 25、He did . “Follow”here means his boss told him to do. B go after A ..A.everything take him as a guide B.everything that C.what .D under stand C .realize D.all of the above

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