单选题Which belongs to the Tightening of fiscal policy tools? ( )

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单选题Combined transport bill of lading may evidence that ______.

单选题Under FOB terms the bill of lading would state ______.

单选题The available resources for the IMF to finance lending are ______. A. gold reserves B. quotas C. currencies of strong economies D. all of the above

单选题Bemuse checks are also accepted as payment for purchases, ______ account deposits are considered money as well.

单选题If a bank negotiates a credit, it will ______.

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单选题Fractional reserve banking is the practice of keeping only a traction of deposits in the form of reserves. Depository institutions (commercial banks, savings and loan associations, mutual savings banks, and credit unions) are able to do this because only a small fraction of their depositors is expected to turn up during any given day or week to withdraw their deposits. The bulk of deposits is invested in financial assets, from which the depository institutions earn most of their income. Those income-earning financial assets range from bills, notes, and bonds issued by private corporations and by the federal, state, and municipal governments to mortgage loans for housing. Each type of financial institution has a different type of portfolio of assets, which reflects their area of special expertise in managing financial assets. To demonstrate how depository institutions create money under the present system of fractional reserve banking, hypothetical example of a commercial bank, Southwest National Bank, will be used. It is assumed that federal regulations require Southwest National Bank to hold a percentage of its deposits in the form of cash reserves. This is the reserve requirement. The reserves may be held in the form of currency and coin on the premises, a form of reserves called vault cash, or they may be held in a deposit at a regional Federal Reserve Bank. Assume that the Southwest National Bank management, taking into account the reserve requirement and the projected amount of withdrawals arid deposits, decides to keep 20 percent of its deposits in rescues.

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单选题{{B}}Passage Two{{/B}} Funds derived from term loans are used for a number of purposes. One of the most important is the purchase of buildings and equipment needed by the borrower to maintain a competitive position and keep pace with the demand for the firm's products. In addition, increased sales usually call for increased working capital, which may be financed through term borrowing. Term loans are used to finance new ventures, at which a firm adds a new product or integrates vertically to produce some portion of the raw materials needed in its operations. Term borrowing is also used to refinance existing obligations. Frequently, the borrower needs to draw down the funds over a period of many months, as in the case of a major plant expansion or the acquisition of a fleet of aircraft. In such cases it is common practice to combine the term loan agreement with a commitment agreement or revolving credit. The lender agrees to make funds available to the borrower as they are needed over a period of, say, two years up to a specified total amount. The agreement also provides that at the end of the commitment period the entire amount borrowed to that date shall be incorporated in a term loan. For an arrangement of this kind, the borrower is normally required to pay a commitment fee of from one-fourth to one-haft of 1 percent on unborrowed amounts during the period of the bank's commitment.

单选题Through open account, the seller will. manufacture goods before payment is required.

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单选题The trade credit by way of Forfaiting is provided ______.

单选题{{B}}Passage Three{{/B}}

单选题Investment banking helps the holders of the accumulated wealth who wish to re - allocate their assets in the financial markets.

单选题CharlesoperatesaretailbusinessinLondon.On30June2003,therewasafireinhisstore.Hisbooksofaccountandmostofhisstockweredestroyed.Thevalueoftheundamagedstockwasagreedat＄5,000.HisTradingAccountfortheyearended31December2002wasasfollows:＄＄Sales492,000Openingstock31,000Purchases{{U}}154,000{{/U}}185,000Less:Closingstock{{U}}37,400{{/U}}Grossprofit{{U}}147,600{{/U}}On1January2003,histradecreditorstotaled＄15,000andmonthlystatementsreceivedbyhiminearlyJulyshowedthatthetradecreditorson30June2003amountedto＄31,000.AllsalesinCharles'businessareonastrictcashbasisandhisstockisfullyinsured.Accordingtohisbankstatements,hereceived＄270,000fromcustomersandpaid＄69,000tosuppliersbetweenIJanuaryand30June2003.Charlesinformsyouthatheincreasedhissellingpricesby20%on1January2003butpurchasepriceshaveremainedunchangedforseveralyears.Required:CalculatethecostofthestocklostbyCharleson30June2003.

单选题{{B}}Section One{{/B}} Directions: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. Passage 1 Fractional reserve banking is the practice of keeping only a traction of deposits in the form of reserves. Depository institutions (commercial banks, savings and loan associations, mutual savings banks, and credit unions) are able to do this because only a small fraction of their depositors is expected to turn up during any given day or week to withdraw their deposits. The bulk of deposits is invested in financial assets, from which the depository institutions earn most of their income. Those income-earning financial assets range from bills, notes, and bonds issued by private corporations and by the federal, state, and municipal governments to mortgage loans for housing. Each type of financial institution has a different type of portfolio of assets, which reflects their area of special expertise in managing financial assets. To demonstrate how depository institutions create money under the present system of fractional reserve banking, hypothetical example of a commercial bank, Southwest National Bank, will be used. It is assumed that federal regulations require Southwest National Bank to hold a percentage of its deposits in the form of cash reserves. This is the reserve requirement. The reserves may be held in the form of currency and coin on the premises, a form of reserves called vault cash, or they may be held in a deposit at a regional Federal Reserve Bank. Assume that the Southwest National Bank management, taking into account the reserve requirement and the projected amount of withdrawals arid deposits, decides to keep 20 percent of its deposits in rescues.

单选题The upper limit of the percentage of bank capital that may be extended to a private sector non - bank barrower is set at 10%.

单选题If a bank negotiates a credit, it will advance money to the beneficiary on presentation of the required documents and will charge interest on the advance from the date of the advance until such time as it receives reimbursement from the issuing bank. Such negotiation advances are said to with recourse, so that, if payment is not ultimately forthcoming from the issuing bank, the negotiating bank will be able to claim repayment from the beneficiary of the advance, plus interest.