1、金融保险类金融英语单选题练习金融英语：FECT-1单选题（一）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 accountC. To act as a store of valueD. To provide a double coincidence of wants E. To act as a means of payment 2. The price in the foreign exchange market
2、is called _.A. the trade surplusB. the exchange rate C. the money price D. the currency rate 3. Market risk refers to the risk of_.A. financial prices fluctuations B. defaultC. fraudD. deferred payments 4. Which of the following is not among the generally accepted accounting principles? _.A. Cash ba
3、sis B. PrudenceC. 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 securityC. An international trade settlement syst
4、em biased in favour of importersD. All of the above 6. Holding a group of assets reduces risk as long as the assets _.A. are perfectly correlated B. are completely independentC. do not have precisely the same pattern of returns D. have a correlation coefficient greater than one 7. An amount, payable
5、 in money goods, or service, owed by a business to a creditor, is known as a/an .A. liability B. debtC. equityD. asset8. 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 tha
6、t the future price of sterling will be lower, the _.A. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall B. supply of sterling will increase, demand for sterling will rise, and the exchange rate may or may not increaseC. supply of sterling will fall, de
7、mand for sterling will increase, and the exchange rate will riseD. supply of sterling will fall, demand for sterling will fall, and the exchange rate may or may not fall 10. The documentary collection provides the seller with a greater degree of protection than shipping on _.A. open account B. banks
8、 letter of guaranteeC. bankers draft D. documentary credit 11. Which of the following statements is not true of central banks? _.A. They pay the governments salaries B. They always undertake the regulation of the banking system C. They are always the lender of last resortD. None of the above 12. Whe
9、n GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar _.A. appreciates by 12.70% B. depreciates by 14.55%C. depreciates by 12.70% D. appreciates by 14.55% 13. According to diversification principle in investment, suppose you invest Stock X and Stock Y with equal funds, which of the following
10、is not true? _.A. If X and Y are totally independent with each other, the risk of the portfolio is reduced B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offsetC. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced n
11、or increasedD. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased 14. These are 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
12、 acceptance of a bill of exchange(4) payment in advanceFrom an exporters 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) 15. The main liability on a bank balance sheet is _.A. deposits B. capital and rese
13、rvesC. loans and overdrafts D. cash 16. _ shows that net income for a specified period of time and how it was calculated.A. The income statement B. The capital statementC. The accounting statementD. The statement of financial condition 17. Why must the liabilities and assets of a bank be actively ma
14、naged? _.A. Because assets and liabilities are not evenly matched on the same time scale B. Because assets and liabilities are evenly matchedC. Because the interbank market uses LIBORD. Because assets and liabilities can be underwritten 18. If the expected returns of two risky assets have a perfect
15、negative correlation, then risk .A. is increased B. falls to zero C. is unaffected D. is reduced by one-half 19. A possible disadvantage of freely fluctuating exchange rates with no official intervention is that .A. some nations would experience continual deficits B. the exchange rates may experienc
16、e wide and frequent fluctuations C. nations would no longer be able to undertake domestic policies designed to achieve and maintain full employmentD. nations would need a larger supply of international reserves than otherwise 20. What are your GBP/USD position and the average rate if you sell 4m at
17、1.6350 buy 5m at 1.6340 and sell $5m at 1.6348? A. Short 2 058 478.10 long $3 370 000 at 1.6371 B. Long 5 941 521.90 short $9710 000 at 1.6342C. Short 5 941 521.90 long $9 710 000 at 1.6342D. Long 4 058 478.10 short $6 630 000 at 1.6336 答案： 1.D 2.B 3.A 4.A 5.A 6.C 7.A 8.B 9.A 10.A11.B 12.B 13.D 14.B
18、 15.A 16.A 17.A 18.B 19.B 20.D （二）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 currencyB. Import of goods priced in RMBC. Export of goods priced in RMBD. Export of goods p
19、riced in a foreign currency where the rate of exchange has been agreed in the sales contract2. Incoterms address _.A. the risks of loss between the parties B. breaches of contractC. ownership rights D. type of ship used3. Which of the following is or was an example of representative full-bodied mone
20、y? _.A. Debt money B. ATS accountC. Gold certificate D. Demand deposit4. Risks associated with investing in foreign countries are the following except _.A. voting risk B. exchange rate riskC. country risk D. political risk5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is
21、 responsible for the freight charges in each? _.A. Exporter; Exporter B. Exporter; ImporterC. Importer; Importer D. Importer; Exporter 6. Default risk refers to the possibility that a borrower may _.A. be unable to repay the principal on his loanB. be unable to make the interest payments on his loan
22、C. go bankruptD. all of the above7. What is the reserve requirement? _.A. The requirement of a bank to deposit a percentage of moneyB. The requirement for deposits in cashC. The percentage of a banks deposits in the form of cash reservesD. The requirement for cash reserves8. A draft is like a check
23、that can be endorsed but it isnt a title to goods, like _.A. a bill of lading B. an inspection certificateC. a certificate of origin D. an insurance certificate 9. Arbitrage _.A. is a general economic term for buying something where it is cheap and selling it where it is dearB. keeps exchange rates
24、consistent across marketsC. has been outlawed by the International Monetary FundD. cannot occur where there is a forward exchange marketE. both A and B10. What is the purpose of comparing the ledger entries with the documents? _.A. To prove that all the transactions have made for the right amountsB.
25、 To prove that all the accounts have been posted correctly C. To check the number of all the debits and creditsD. To post the right accounts11. What is Dollar Cost Averaging? _.A. A brokerage account that gives investors cheap tradesB. The idea that prices tend to rise over the long termC. Buying st
26、ocks that are below average in valueD. A flat quarterly mutual fund fee averaged throughout the yearE. A strategy of investing money on a regular basis to take advantage of market fluctuations12. From a Chinese banks point of view, the currency account which it maintains abroad is known as_, while a
27、 RMB account operated in China for a foreign bank is termed _.A. a vostro account. a nostro accountB. a vostro accounta mirror accountC. a mirror accounta nostro accountD. a nostro account. a vostro account 13. Under FOB terms the bill of lading would state goods _.A. loaded on board, freight payabl
28、e at destinationB. loaded on board, freight paid C. received for shipment, freight paidD. received for shipment, freight payable at destination14. 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 capitalC. invest
29、ments D. advances to customers15. International payments and other messages are often sent through an international computer network called _.A. CHAPS B. BACSC. SWIFT D. EIMT16. Low levels of uncertainty (risk) are associated with .A. stocks B. stock optionsC. higher potential returns D. lower poten
30、tial returns 17. Government securities would appear on a commercial banks balance sheet as _.A. an asset B. reservesC. part of net worth D. a liability18. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, _.A. there is no self-correcting mechanismB.
31、 currency values become unstableC. the value of the reserve currency declinesD. world inflation increases19. 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. threeC. two D. five20. Regulation of the money supply and financial markets is referred to as _.A. fiscal
