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1.Whichofthefollowingisnotafunctionofmoney?______.A.ToactasamediumofexchangeB.ToactasaunitofaccountC.ToactasastoreofvalueD.ToprovideadoublecoincidenceofwantsE.Toactasameansofpayment2.Thepriceintheforeignexchangemarketiscalled______.A.thetradesurplusB.theexchangerateC.themoneypriceD.thecurrencyrate3.Marketriskreferstotheriskof______.A.financialpricesfluctuationsB.defaultC.fraudD.deferredpayments4.Whichofthefollowingisnotamongthegenerallyacceptedaccountingprinciples?______.A.CashbasisB.PrudenceC.ConsistencyD.GoingconcernE.Moneymeasurement.5.Whatisadocumentaryletterofcredit?______.A.AconditionalbankundertakingtopayanexporteronproductionofstipulateddocumentationB.AmethodoflendingagainstdocumentarysecurityC.AninternationaltradesettlementsystembiasedinfavorofimportersD.Alloftheabove6.Holdingagroupofassetsreducesriskaslongastheassets______.A.areperfectlycorrelatedB.arecompletelyindependentC.donothavepreciselythesamepatternofreturnsD.haveacorrelationcoefficientgreaterthanone7.Anamount,payableinmoneygoods,orservice,owedbyabusinesstoacreditor,isknownasa/an.A.liabilityB.debtC.equityD.asset8.Whatfunctionismoneyservingwhenyoubuyatickettoamovie?______.A.storeofvalueB.amediumofexchangeC.transactiondemandD.aunitofaccount9.Ifforeignersexpectthatthefuturepriceofsterlingwillbelower,the______.A.supplyofsterlingwillincrease,demandforsterlingwillfall,andtheexchangeratewillfallB.supplyofsterlingwillincrease,demandforsterlingwillrise,andtheexchangeratemayormaynotincreaseC.supplyofsterlingwillfall,demandforsterlingwillincrease,andtheexchangeratewillriseD.supplyofsterlingwillfall,demandforsterlingwillfall,andtheexchangeratemayormaynotfall10.Thedocumentarycollectionprovidesthesellerwithagreaterdegreeofprotectionthanshippingon______.A.openaccountB.bank'sletterofguaranteeC.banker'sdraftD.documentarycredit11.Whichofthefollowingstatementsisnottrueofcentralbanks?______.A.Theypaythegovernment'ssalariesB.TheyalwaysundertaketheregulationofthebankingsystemC.TheyarealwaysthelenderoflastresortD.Noneoftheabove12.WhenGBP/USDrategoesfrom1.6150to1.8500,wesaythedollar______.A.appreciatesby12.70%B.depreciatesby14.55%C.depreciatesby12.70%D.appreciatesby14.55%13.Accordingtodiversificationprincipleininvestment,supposeyouinvestStockXandStockYwithequalfunds,whichofthefollowingisnottrue?______.A.IfXandYaretotallyindependentwitheachother,theriskoftheportfolioisreducedB.IfXandYareperfectlynegativelycorrelated,theriskoftheportfolioisperfectlyoffsetC.IfXandYareperfectlypositivelycorrelated,theriskoftheportfolioisneitherreducednorincreasedD.IfXandYareperfectlynegativelycorrelated,theriskoftheportfolioisneitherreducednorincreased14.Thesearefourmainmethodsofsecuringpaymentininternationaltrade:(1)Paymentunderdocumentarycredit(2)Openaccount(3)Collectionthatisdocumentagainstpaymentoracceptanceofabillofexchange(4)PaymentinadvanceFromanexporter'spointofview,theorderofpreferenceis______.A.(4),(2),(3),(1)B.(4),(1),(3),(2)C.(4),(3),(1),(2)D.(2),(4),(1),(3)15.Themainliabilityonabankbalancesheetis______.A.depositsB.capitalandreservesC.loansandoverdraftsD.cash16.______showsthatnetincomeforaspecifiedperiodoftimeandhowitwascalculated.A.TheincomestatementB.ThecapitalstatementC.TheaccountingstatementD.Thestatementoffinancialcondition17.Whymusttheliabilitiesandassetsofabankbeactivelymanaged?______.A.BecauseassetsandliabilitiesarenotevenlymatchedonthesametimescaleB.BecauseassetsandliabilitiesareevenlymatchedC.BecausetheinterbankmarketusesLIBORD.Becauseassetsandliabilitiescanbeunderwritten18.Iftheexpectedreturnsoftworiskyassetshaveaperfectnegativecorrelation,thenrisk.A.isincreasedB.fallstozeroC.isunaffectedD.isreducedbyone-half19.Apossibledisadvantageoffreelyfluctuatingexchangerateswithnoofficialinterventionisthat.A.somenationswouldexperiencecontinualdeficitsB.theexchangeratesmayexperiencewideandfrequentfluctuationsC.nationswouldnolongerbeabletoundertakedomesticpoliciesdesignedtoachieveandmaintainfullemploymentD.nationswouldneedalargersupplyofinternationalreservesthanotherwise20.WhatareyourGBP/USDpositionandtheaveragerateifyousell£4mat1.6350buy£5mat1.6340andsell$5mat1.6348?A.Short£2058478.10long$3370000at1.6371B.Long£5941521.90short$9710000at1.6342C.Short£5941521.90long$9710000at1.6342D.Long£4058478.10short$6630000at1.6336答案：1.D2.B3.A4.A5.A6.C7.A8.B9.A10.A11.B12.B13.D14.B15.A16.A17.A18.B19.B20.DBearMarketNormalMarketBullMarketProbability0.20.50.3StockX_-20%18%50%StockY-15%20%10%1.WhataretheexpectedreturnsforStocksXandYrespectively?______.A.20%and10%B.18%and12%C.20%and11%D.18%and5%2.Whichofthefollowingpaymenttermseliminatestheexchangerisk,assumingtheexporterinvoicesinforeigncurrency?______.A.ConfirmedirrevocabledocumentarycreditB.OpenaccountC.DocumentarycollectionD/AD.Noneoftheabove3.ABCCo.Ltd.purchasedacarfor$12000,makingadownpaymentof$5000cashandsigninga$7000notepayableduein60days.Whichofthefollowingisnotcorrect?______.A.Fromtheviewpointofashort-termcreditor,thistransactionmakesthebusinesslesssolventB.Totalliabilitiesincreasedby$7000C.Totalassetsincreasedby$12000D.Thistransaction