2010FEC模拟试题及重要单词词组.docVIP

2010FECT模拟试题1 1. Usually the low interest rate currency trades at a ______ to the high interest rate currency in the forward market. A. premium B. par C. discount D. bar 2. Which of the following statements about standby letters of credit is true? ______. A. They can serve as a guarantee to a buyer against a seller defaulting B. They are contrary to the general rule that letters of credit may only be used for the actual movement of goods C. They are unlike a tender or other bond in their legal standing and method of operation D. They are unlike a tender bond with its fixed expiry date 3. The most liquid of all assets is ______. A. the stock of commercial banks B. M 1 C. intelligence D. the debt of major corporations 4. Beta and standard deviation differ as risk measures in that beta measures ______. A. only unsystematic risk, while standard deviation measures total risk B. only systematic risk, while standard deviation measures total risk C. both systematic and unsystematic risk, while standard deviation measures only unsystematic risk D. both systematic and unsystematic risk, while standard deviation measures only systematic risk 5. What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements? ______. A. Cash provided by or used in financing activities B. Cash balance at the end of the period C. Total liabilities due to creditors at the end of the period D. Net income 6. An analyst estimates that a stock has the following probabilities of return depending on the state of the economy: State of economy Probability Return Good 0.1 15% Normal 0.6 13% Poor 0.3 7% The expected return of the stock is ______. A. 7.8% B. 11.4% C. 11.7% D. 13.0% 7. According to the rules of debit and credit for balance sheet accounts ______. A. increases in asset, liability, and owners equity accounts are recorded by debits B. decreases in asset and liability accounts are recorded by credits C. in