FECT-Exercises-1(1)

文章作者 100test 发表时间 2007:03:10 11:18:42
来源 100Test.Com百考试题网


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



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