2. From a Chinese bank's point of view, the currency account which maintains abroad is known as ______, while a RMB account operated in China for a foreign bank is termed ______.
3. Under FOB terms the bill of lading would state goods ______.
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
A B C D
A
[解析] FOB(Free On Board的首字母缩写),也称“离岸价”。本题意思为在FOB条件下,提早要显示货物已装船,目的地支付运费。因此本题答案选A。
4. The liabilities of the bank as shown in its balance sheet represent the ______ which uses in its business.
A.sources of the funds
B.share capital
C.investments
D.advances to customers
A B C D
A
[解析] 银行资产负债表中的负债代表银行使用资金的来源。
5. Low levels of uncertainty (risk) are associated with ______.
A.stocks
B.stock options
C.higher potential returns
D.lower potential returns
A B C D
D
[解析] 一般而言,风险是与潜在收益成正比,低风险意味着相对较低的潜在收益。
6. Government securities would appear on a commercial bank's balance sheet as ______.
A.an asset
B.reserves
C.part of net worth
D.a liability
A B C D
A
[解析] 政府债券在商业银行的资产负债表中表示为银行的资产。
7. 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
A B C D
A
8. 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
A B C D
A
[解析] 当银行存款准备金率为25%时,货币乘数为4。
9. Regulation of the money supply and financial markets is referred to as ______.
A.fiscal policy
B.income policy
C.monetary policy
D.budgetary policy
A B C D
C
[解析] 货币政策是对货币供应量和金融市场的监管。
10. Since April 1994, the RMB exchange rate has been determined by ______.
A.the China foreign Exchange Trading System
B.the People's Bank of China
C.supply and demand as well as trading situations in the China Foreign Exchange Swap Market
D.supply and demand as well as trading situations in the unified interbank foreign exchange market
A B C D
D
[解析] 1994年汇率改革以后,人民币汇率由统一的银行间外汇市场的供给以及交易量决定。
11. If near money is to be used directly to purchase goods or services, it must be ______.
A.permitted by the business company
B.endorsed by the holder
C.drawn from a bank first
D.converted into cash or sight deposit
A B C D
D
[解析] 如果近期可回收的货币用于直接购买商品和服务,它必须转化为现金或银行存款。
12. Which of the following is not one of the function of money? ______
A.Medium of exchange
B.Store of value
C.Financial assets
D.Standard for deferred payment
A B C D
C
[解析] 货币的职能包括Medium of exchange(交换媒介)、Store of value(价值贮藏)、Standard for deferred payment(支付手段)等,Financial assets(金融资产)不属于货币的职能。
13. Unless otherwise stated in the letter of credit, banks will not accept ______ presented by the beneficiary.
A.the open cover
B.the cover note
C.the insurance certificate
D.the insurance policy
A B C D
B
[解析] the letter of credit信用证,beneficiary受益人,cover note暂保单,open cover预约保险合同,insurance certificate保险证明书,insurance policy保险单。除非信用证另有规定,否则银行不会接受受益人提供的暂保单。
14. Factoring provides the following services except ______.
A.maintenance of the sales ledger
B.collection of accounts receivable
C.100% non-recourse finance to the seller despite commercial disputes between the seller and the buyer
D.credit risk protection on the buyer
A B C D
C
[解析] 保理业务提供的服务不包括当买方和卖方之间存在纠纷时,100%的无追索权的贷款给买方。
15. A production function for a firm describes ______.
A.What should be produced to maximize profit.
B.What is technologically feasible when the firm produces efficiently.
C.What revenue is earned from producing efficiently.
D.What the firm produces with given inputs.
A B C D
B
[解析] 生产函数描述的是厂商进行有效生产时的技术可行性。
16. Which of the following is not a characteristic of a competitive industry? ______
A.There are many firms.
B.All firms produce homogeneous products, which are substitutable for each other.
17. The Central Bank in the open market buying and selling of securities is designed to ______.
A.regulation bond prices
B.achieve profit maximization
C.regulate money supply
D.adjust prices level
A B C D
C
[解析] 中央银行在公开市场上买卖证券旨在调控货币供应量。
18. What unemployment is formed because of the economic recession? ______
A.friction unemployment
B.structural unemployment
C.cyclical unemployment
D.natural unemployment
A B C D
C
[解析] 周期性失业产生的原因是经济周期性衰退。
19. After a long race on a hot day, a runner enjoys her first drink a lot, the second she enjoys less and she declines a third drink. This illustrates the principle of ______.
A.Increasing marginal utility
B.Decreasing marginal utility
C.Increasing marginal cost
D.Decreasing marginal cost
A B C D
B
[解析] 题干描述的是边际效用递减。
20. On a hot day, the price and the quantity sold of ice creams both increase. This can reflect a ______.
A.Shift in the demand curve to the right
B.Move along the demand curve
C.Shift in the demand curve to the left
D.Shift in the supply curve to the right
A B C D
A
[解析] 天气炎热,对冰淇淋的需求增加,需求曲线右移,导致冰淇淋的需求量和需求价格增加。
21. 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
A B C D
B
[解析] 根据购买力平价理论,当一国货币升值,该国商品在国外价格更贵,外国商品在该国更便宜。
22. 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
A B C D
A
23. There is a deficit in the federal budget when ______.
A.Federal government spending is greater than federal tax revenues
B.U.S. imports are greater than U.S. exports
C.The total demand for money is greater than the total supply of money
D.U.S. imports are smaller than U.S. exports
A B C D
A
[解析] 当财政支出大于财政收入,将会导致财政赤字。
24. A futures trader must deposit an additional amount of money into a margin account at the clearinghouse if the margin account ending balance is below the ______.
A.Initial margin requirement
B.Variation margin requirement
C.Maintenance margin requirement
D.Amount of the loan borrowed from the clearinghouse
A B C D
C
25. Tom cannot tell the difference between Coke and Pepsi. For Tom, these goods are ______.
26. Suppose the economy is running at the level of potential GDP, an increase in government spending in the long run will ______ the price level and ______ the output level.
B.The real interest rate rises and the price of bonds rises.
C.Inflation rises and the real interest rate fails.
D.The real interest rate rises and the price of bonds fails.
A B C D
D
31. A firm has fixed costs of £100 000 per month and variable costs of £25 for item. It proposes to sell these items for £50 each. What is the break-even output for this firm? ______
32. For an A- rated corporate bond that has deteriorating fundamentals, but is expected to remain investment grade, the greatest risk is most likely ______.