金融英语证书考试修订稿

金融英语证书考试内部编号：（YUUT-TBBY-MMUT-URRUY-UOOY-DBUYI-0128）金融英语证书考试（FECT）Exercises-1（1）of the following is not a function of money ______。

act as a medium of exchangeact as a unit of accountact as a store of valueprovide a double coincidence of wantsact as a means of paymentprice in the foreign exchange market is called ______。

trade surplusexchange ratemoney pricecurrency raterisk refers to the risk of______。

prices fluctuationspaymentsof the following is not among the generally accepted accounting principles______。

basisconcernmeasurement。

is a documentary letter of credit______。

conditional bank undertaking to pay an exporter on production of stipulated documentationmethod of lending against documentary securityinternational trade settlement system biased in favour of importersof the abovea group of assets reduces risk as long as the assets ______。

perfectly correlatedcompletely independentnot have precisely the same pattern of returnsa correlation coefficient greater than oneamount， payable in money goods， or service， owed by a business to a creditor， is known as a/an 。

function is money serving when you buy a ticket to a movie______。

of valuemedium of exchangedemandunit of accountforeigners expect that the future price of sterling will be lower， the ______。

of sterling will increase， demand for sterling will fall， and theexchange rate will fallof sterling will increase， demand for sterling will rise， and theexchange rate may or may not increaseof sterling will fall， demand for sterling will increase， and the exchange rate will riseof sterling will fall， demand for sterling will fall， and the exchange rate may or may not falldocumentary collection provides the seller with a greater degree of protection than shipping on ______。

account's letter of guarantee's draftcreditof the following statements is not true of central banks ______。

pay the government's salariesalways undertake the regulation of the banking systemare always the lender of last resortof the aboveGBP/USD rate goes from to ， we say the dollar ______。

by %by %by %by %to diversification principle in investment， suppose you invest Stock X and Stock Y with equal funds， which of the following is not true______。

X and Y are totally independent with each other， the risk of the portfolio is reducedX and Y are perfectly negatively correlated， the risk of the portfolio is perfectly offsetX and Y are perfectly positively correlated， the risk of the portfolio is neither reduced nor increasedX and Y are perfectly negatively correlated， the risk of the portfolio is neither reduced nor increasedare four main methods of securing payment in international trade：（1） payment under documentary credit（2） open account（3） collection， that is document against payment or acceptance of a bill of exchange（4） payment in advanceFrom an exporter's point of view， the order of preference is______。

A.（4），（2），（3），（1）B.（4），（1），（3），（2）C.（4），（3），（1），（2）D.（2），（4），（1），（3）main liability on a bank balance sheet is ______。

and reservesand overdraftsshows that net income for a specified period of time and how it was calculated。

income statementcapital statementaccounting statementstatement of financial conditionmust the liabilities and assets of a bank be actively managed______。

assets and liabilities are not evenly matched on the same time scaleassets and liabilities are evenly matchedthe interbank market uses LIBORassets and liabilities can be underwrittenthe expected returns of two risky assets have a perfect negative correlation， then risk 。

increasedto zerounaffectedreduced by one-halfpossible disadvantage of freely fluctuating exchange rates with no official intervention is that 。

nations would experience continual deficitsexchange rates may experience wide and frequent fluctuationswould no longer be able to undertake domestic policies designed to achieve and maintain full employmentwould need a larger supply of international reserves thanotherwiseare your GBP/USD position and the average rate if you sell ￡4m at buy ￡5m at and sell $5m at￡2 058 long $3 370 000 at￡5 941 short $9710 000 at￡5 941 long $9 710 000 at￡4 058 short $6 630 000 atcorrelation coefficient of + means two stocks are ______。

negatively correlatedthe market betato the market betapositively correlatedpercentage analysis of increases and decreases in corresponding items in comparative financial statements is called ______。

analysisanalysisanalysisanalysisis the name of the document which can make a buyer feel confident that goods are of a certain standard______。