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of the
following is not a function of
money
？
______
。
act as a
medium of exchange
act as a unit of account
act as a store of value
provide a
double coincidence of wants
act as a means of payment
price in the
foreign exchange market is called
______
。
trade surplus
exchange rate
money price
currency rate
risk refers to the risk
of______
。
ial prices fluctuations
t
ed payments
of the following is not among the
generally accepted accounting
principles
？
______
。
basis
ce
tency
concern
measurement
。
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
international trade
settlement system biased in favour of importers
of the above
g a group of
assets reduces risk as long as the assets
______
。
perfectly correlated
completely
independent
not have precisely the same pattern of returns
a correlation
coefficient greater than one
amount
，
payable
in money goods
，
or service
，
owed by a business to a
creditor
，
known as a/an
。
ity
function is money serving when you buy
a ticket to a movie
？
______
。
of value
B.a medium of
exchange
ction
demand
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is
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D.a unit of account
foreigners
expect that the future price of sterling will be
lower
，
the
______
。
of sterling will
increase
，
demand
for sterling will fall
，
and the
exchange rate will fall
of sterling will
increase
，
demand
for sterling will rise
，
and the
exchange rate may or may not increase
of sterling
will fall
，
demand
for sterling will increase
，
and the exchange rate will
rise
of sterling will
fall
，
demand for
sterling will fall
，
and the exchange rate may or
may not fall
documentary collection provides the
seller with a greater degree of protection than
shipping on
______
。
account
's letter of guarantee
's draft
ntary credit
of the following statements is not
true of central banks
？
______
。
pay the
government's salaries
always undertake the regulation of the
banking system
are always the lender of last resort
of the above
GBP/USD rate goes from
1.6150 to 1.8500
，
we say the dollar
______
。
iates by 12.70%
iates by 14.55%
iates by 12.70%
iates by 14.55%
ing 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 reduced
X and Y are perfectly
negatively correlated
，
the risk of the portfolio is perfectly
offset
X and Y
are perfectly positively
correlated
，
the
risk of the portfolio is neither reduced
nor increased
X and Y are perfectly negatively
correlated
，
the
risk of the portfolio is neither reduced
nor increased
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
acceptance of a bill of exchange
（
4
）
payment in advance
From an exporter's point of
view
，
the order
of preference is ______
。
A.
（<
/p>
4
）
，
（
2
）
，
（
3
）
，
（
1
）
B.
（<
/p>
4
）
，
（
1
）
，
（
3
）
，
（
2
）
C.
（<
/p>
4
）
，
（
3
）
，
（
1
）
，
（
2
）
D.
（<
/p>
2
）
，
（
4
）
，
（
1
）
，
（
3
）
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main liability on a bank balance sheet
is ______
。
ts
l and reserves
and overdrafts
16.______ shows that net income for a
specified period of time and how it was
calculated
。
income statement
capital
statement
accounting statement
statement of financial condition
must the
liabilities and assets of a bank be actively
managed
？
______
。
e assets and
liabilities are not evenly matched on the same
time scale
e
assets and liabilities are evenly matched
e the interbank
market uses LIBOR
e assets and liabilities can be
underwritten
the expected returns of two risky assets have a
perfect negative
correlation
，
then
risk
。
increased
to zero
unaffected
reduced by one-half
19.A possible
disadvantage of freely fluctuating exchange rates
with no official intervention
is that
。
nations would experience continual
deficits
exchange rates may experience wide and frequent
fluctuations
s
would no longer be able to undertake domestic
policies designed to achieve and
maintain full employment
s would need a larger
supply of international reserves than otherwise
are your
GBP/USD position and the average rate if you sell
￡
4m at 1.6350 buy
￡
5m at 1.6340 and sell $$5m
at 1.6348
？
￡
2
058 478.10 long $$3 370 000 at 1.6371
￡
5
941 521.90 short $$9710 000 at 1.6342
￡
5
941 521.90 long $$9 710 000 at 1.6342
￡
4
058 478.10 short $$6 630 000 at 1.6336
21.A correlation coefficient of +1.0
means two stocks are ______
。
tly negatively
correlated
te
the market beta
to the market beta
tly positively correlated
percentage
analysis of increases and decreases in
corresponding items in comparative
financial statements is called
______
。
al analysis
ntal analysis
al analysis
ative analysis
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is the name of the document which can
make a buyer feel confident that goods are
of a certain
standard
？
______
。
tion
certificate
cial invoice
nce policy
icate of origin
mes financial intermediaries by
themselves in difficult financial
situations because
。
-term rates are
falling
-term
rates are rising
ts increase too rapidly
-term rates rise relative
to rates of their holdings
-term rates rise more sharply than
short-term rates
rms were written
______
。
the International Chamber
of Commerce
the United Nations Convention for the
International Sale of Goods
（
Vienna
Convention
）
the Kyoto
Protocols as adopted in 2000
purpose of keeping account is to
。
ine whether the business has made a
profit or a loss
out why the business has lost money
how much has
been spent
out
why the business cannot fulfil its commitments
reserves are
20 percent
，
then
the multiplier effect will be ______
times
，
so the
original deposit of RMB40 000 can
create up to ______ of new
deposits
。
A.5……RMB200000
B.4……RMB120000
C.3……RMB80000
D.6……RMB20000
Company is the beneficiary
of a confirmed irrevocable letter of credit.______
bank
（
s
）
will assure the
company that it will be
paid
。
tender includes
。
and coins
only
only
，
coins and checks
following are the basic
functions of a bill of lading except to act as
______
。
A.a receipt for the goods
from the shipping company to the exporter
B.a document of
title for goods being shipped overseas
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C.a certificate of
origin
，
which
certifies that the goods were produced in a
particular country
ce of the carriage contract between the
exporter and the carrier
tent foreign trade deficits under a
flexible exchange rate system usually lead to
______
。
ion in the
domestic economy
ation of future devaluation
g interest rates
imports
additional
amount paid in buying or selling a currency at a
given future date is
called
。
m
sion
nd
manage their
assets considering ______
。
optimum combination of the
above
gs
ity
is the function of the
book-keeping system in bank
accounting
？
______
。
prove that all
the day's transactions have gone through for the
right amount
prove that all the day's transactions have all
been posted to the right account
prove that the fresh
balance of those accounts is correct after
recording the transactions
of the above
risk that is specific to individual
stocks is called ______
。
atic risk
y risk
ematic risk
risk
main objective
of the Exchange Equalization Account is to
______
。
t undue fluctuation in the
exchange value of one country's own currency
against
other currencies
l the rate of inflation
that notes and
coins continue to be acceptable as a medium of
exchange
the
exchange of payments between banks
can you prove that no
transactions are missing or wrong at the end of
the day
？
______
。
is no other
way than have these transactions reposted to the
proper entries
can examine all the transactions carefully and
find the wrong records
can balance the total debits and the
total credits by calculating them again
can do that by
checking the total debits and the total credits to
see whether they are in
state of
balance
_____
。
as the critical function
of a medium of exchange
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tates trade in goods and services
mes the
inefficiencies of barter
of the above
dealers buy currency forward but do
not sell forward at the same
time
，
their
position is
known as
。
nner
ation
40. Incoterms apply
______.
A. only if clearly incorporated into
the contract of sale
B. to International shipments beyond a
certain tonnage
C. to international shipments under the
Uniform Commercial Code
D. to all international shipments of
goods
41. 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
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
42. Incoterms
address ______.
A. the risks of loss between the
parties
B.
breaches of contract
C. ownership rights
D. type of ship used
43. Which of
the following is or was an example of
representative full-bodied
money?
______.
A. Debt
money
B. ATS
account
C. Gold
certificate
D.
Demand deposit
44. Risks associated with investing in
foreign countries are the following
except ______.
A. voting risk
B. exchange rate risk
C. country risk
D. political risk
45. An exporter
sells goods to a customer abroad on FOB and on CIF
term. Who
is responsible for the
freight charges in each? ______.
A. Exporter; Exporter
B. Exporter;
Importer
C.
Importer; Importer
D. Importer; Exporter
46. Default risk refers to
the possibility that a borrower may ______.
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