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2010FECT模拟试题11.Usuallythelowinterestratecurrencytradesata______tothehighinterestratecurrencyintheforwardmarket.A.premiumB.parC.discountD.bar2.Whichofthefollowingstatementsaboutstandbylettersofcreditistrue?______.A.TheycanserveasaguaranteetoabuyeragainstasellerdefaultingB.TheyarecontrarytothegeneralrulethatlettersofcreditmayonlybeusedfortheactualmovementofgoodsC.Theyareunlikeatender(orother)bondintheirlegalstandingandmethodofoperationD.Theyareunlikeatenderbondwithitsfixedexpirydate3.Themostliquidofallassetsis______.A.thestockofcommercialbanksB.M1C.intelligenceD.thedebtofmajorcorporations4.Betaandstandarddeviationdifferasriskmeasuresinthatbetameasures______.A.onlyunsystematicrisk,whilestandarddeviationmeasurestotalriskB.onlysystematicrisk,whilestandarddeviationmeasurestotalriskC.bothsystematicandunsystematicrisk,whilestandarddeviationmeasuresonlyunsystematicriskD.bothsystematicandunsystematicrisk,whilestandarddeviationmeasuresonlysystematicrisk5.Whatinformationwouldyoufindinastatementofcashflowsthatyouwouldnotbeabletogetfromtheothertwoprimaryfinancialstatements?______.A.CashprovidedbyorusedinfinancingactivitiesB.CashbalanceattheendoftheperiodC.TotalliabilitiesduetocreditorsattheendoftheperiodD.Netincome6.Ananalystestimatesthatastockhasthefollowingprobabilitiesofreturndependingonthestateoftheeconomy:StateofeconomyProbabilityReturnGood0.115%Normal0.613%Poor0.37%Theexpectedreturnofthestockis______.A.7.8%B.11.4%C.11.7%D.13.0%7.Accordingtotherulesofdebitandcreditforbalancesheetaccounts______.A.increasesinasset,liability,andowner'sequityaccountsarerecordedbydebitsB.decreasesinassetandliabilityaccountsarerecordedbycreditsC.increasesinassetandowner'sequityaccountsarerecordedbydebitsD.decreasesinliabilityandowner'sequityaccountsarerecordedbydebits8.Individualswillacceptthemediumofexchangeinreturnforgoodsandservicesonlyiftheyareconfidentthat______.A.theinflationrateiszeroB.itpossessesintrinsicvalueC.theycanpassitontoothersD.theycanexchangeitforgold9.Whenacountry'scurrencyappreciates,thecountry'sgoodsabroadbecome______andforeigngoodsinthatcountrybecome______.A.cheaper...moreexpensiveB.moreexpensive...cheaperC.cheaper...cheaperD.moreexpensive...moreexpensive10.AUScompanyisbiddingforacontractinChina.ItsChinesecustomerasksforaperformancebond.Whatisthemostlikelycourseofaction?______.A.ItasksitsbanktoissueatenderbondwhichcanbeconvertedintoaperformancebondB.ItgivesupitsbidC.ItconsultsitsbankaboutissuingastandbyletterofcreditD.Itasksitsbanktoissueaperformancebond11.ABCCo.Ltd.hasa$3500accountreceivablefromXYZStore.OnMarch20,XYZmakesapartialpaymentof$2100toABC.ThejournalentrymadeonMdrch20byABCtorecordthistransactionincludes______.A.adebittothecashreceivedaccountof$2100B.acredittotheAccountsReceivableaccountof$2100C.adebittotheCashaccountof$1400D.adebittotheAccountsReceivableaccountof$140012.Interventionintheforeignexchangemarketmeansthegovernment______.A.restrictsindividualsfrombuyingandsellingforeignexchangeB.restrictstheimportationofcertaingoodsC.orcentralbankbuysorsellsforeignexchangeD.devaluesthecurrencyintheforeign-exchangemarket13.Whichofthefollowingisnotaformofcountertrade?______.A.CounterpurchaseB.Buy-backC.OffsetD.Balancetrade14.Acredittoarevenueaccount______.A.decreasesrevenuesB.increasesequityC.decreasesequityD.increasesassets15.Ifthegovernmentguaranteedthatanyonewishingajobwouldbeprovidedone,thelikelyresultwouldbe______.A.massivelayoffsB.anincreaseinthemoneysupplyC.anincreaseininflationaryexpectationsD.thedevelopmentofabartersystem16.Given$100000toinvest,whatistheexpectedriskpremiumindollarsofinvestinginequitiesversusrisk-freeT-bills(U.S.Treasurybills)basedonthefollowingtable?______.ActionProbabilityExpectedReturnInvestinequities0.6$50OOP0.4-$30000Investinrisk-freeT-bill1.0$5000A.$20000B.$18000C.$15000D.$1300017.Economistsassumethatmostpeopletakerisks______.A.becausedoingsoisexcitingB.onlywhentheyhavenorisklessalternativeC.veryinfrequentlyD.iftheyarecompensatedfortakingtherisks18.ThePhillipsCurveshowstherelationshipbetween______.A.aggregatedemandandaggregatesupplyB.interestratesandinflationC.recessionsandboomsD.inflationandtheunemploymentrate19.Inafixedexchangeratesystem,speculativesellingofacurrencyisbasedonanticipationof.A.appreciationB.devaluationC.aforeigntradesurplusD.interestrateincrease20.Acollectingbankisemployedby______.A.theprincipalB.theremittingbankC.thedrawerD.thedrawee,whoisitscustomer1.C2.A3.B4.B5.A6.B7.D8.C9.B10.C11.B12.C13.D14.B15.C16.D17.D18.D19.B20.B宏观经济的macroeconomic通货膨胀inflation破产insolvency有偿还债务能力的solvent合同contract汇率exchangerate紧缩信贷tightencreditcreation私营部门privatesector财政管理机构fiscalauthorities宽松的财政政策slackfiscalpolicy税法taxbill财政publicfinance财政部theMinistryofFinance平衡预算balancedbudget继承税inheritancetax货币主义者monetarist增值税VAT(valueaddedtax)收入revenue总需求aggregatedemand货币化monetization赤字deficit经济不景气recessionaperiodwhentheeconomyofacountryisnotsuccessful,businessconditionsarebad,industrialproductionandtradeareatalowlevelandthereisalotofunemployment经济好转turnabout复苏recovery成本推进型costpush货币供应moneysupply生产率productiv