单选题{{B}}Section One{{/B}} Directions: In this section, you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers marked A, B, C and D, and decide which is the best answer.

单选题A.3%B.5%C.11%D.None

单选题 Passage 2 The balance of payments is a statistical record of all the economic transaction between residents of the reporting country and residents of the rest of the world during a given time period. The usual reporting period for all the statistics included in the accounts is a year. A good or bad set of figures can have an influential effect on the exchange rate and can lead policy makers to change the content of their economic policies. Deficits may lead to the government raising interest rate or reducing public expenditure to reduce imports. Alternatively, deficits may lead to calls for protection against foreign imports or capital controls to defend the exchange rate. A key definition that needs to be resolved at the outset is that of a domestic and foreign resident. It is important to note that citizenship and residency are not necessarily the same thing from the viewpoint of the balance of payments statistics. The term residents comprises individuals, households, firms and the public authorities. There are some problems that arise with respect to the definition of a resident. Multinational corporations are by definition resident in more than one country. For the purposes of balance-of-payments reporting, the subsidiaries of a multinational are treated as being a resident in the country in which they are located even if their shares are actually owned by domestic residents. Another problem concerns the treatment of international organizations such as the International Monetary Fund, the World Bank and the United Nations. These institutions are treated as being foreign residents even though they may actually be located in the reporting country. For example although the International Monetary Fund is located in Washington, contributions by the US government to the Fund are included in the US balance-of-payments statistics because they are regarded as transactions with a foreign resident. Tourists are regarded as being foreign residents if they stay in the reporting country for less than one year. The criterion for a transaction to be included in the balance of payments is that it must involve a transaction between a resident of the reporting country and a resident from the rest of the world. Purchases and sales between residents from the same country are excluded.

单选题Which of the following is not long term - assets?

单选题The bankers ______ the steel company's new shares, which means the share issue will be sold to the bankers instead of the public directly.

单选题

单选题Which of the following statements about standby letters of credit is true? :（　　）

单选题Capital market trading can only occur in the secondary market because most investors plan to sell long - term bends before they reach maturity and eventually to sell their holdings of stock as well.

单选题It is the time between 1 materials are ordered and receivables are collected less the time over which payables are outstanding. Of course, if no credit is extended by suppliers, 2 the operating cycle and the cash conversion cycle would be the same. Increases in the cash conversion cycle mean the firm must finance itself for a 3 . period of time. This will increase the firm"s short - term financing needs and financing 4 . Financial managers will want to monitor the cash conversion cycle and 5 action should it begin to lengthen. Shorter cash conversion cycles mean tile firm will reduce its short - term financing needs and financing costs.

单选题The bank charges a ______ to cover the cost of bookkeeping. A. payee B. transaction C. fee

单选题A loan agreement signed by unauthorized persons could prove to be ______ and, therefore, result in substantial losses for the bank.

单选题{{B}}Section One{{/B}} Directions: In this section, you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers marked A, B, C and D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

单选题{{B}}Passage Two{{/B}}

单选题The accounting concept or convention, which, stock be reported at the lower of cost or market price, is the ______. (a)going concern concept (b)prudence concept (c)realization concept (d)historical cost concept

单选题The value of national output: ( )

单选题Ordinary shares in ninny companies can be sold at short ______ and their value turned into cash.

单选题The number of orders went up ______ we increased our prices by 15%.

单选题[此试题无题干]

单选题In a transferable credit, the first beneficiary is usually ______.