FECT 初级 000 年真题.docVIP

Part one listening （略） Part Two Reading 　　Section One 10% Direction：There are ten statements in this section. For each statement there are four choic es marked A, B, C, and D. You should choose the best answer and mark the corresponding lette r on the ANSWER SHEET by drawing a single line through the center. 　　31. 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 　　32. 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 　　33. 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 　　34. Unless otherwise stated in the letter of credit, banks will not accept presente d by the beneficiary. 　　A. the open cover 　　B. the cover note 　　C. the insurance certificate 　　D. the insurance policy 　　35. 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 　　36. When the exported goods are insured under an open cover agreement, is the most appropriate document as evidence of insurance. 　　A. an open policy 　　B. an insurance certificate 　　C. an insurance policy 　　D. an inspection certificate 　　37. Advances to the importer can be given in the following ways except . 　　A. limits for issuing letters of credit 　　B. inward bills receivable 　　C. packing loans 　　D. delivery against the bank