单选题A.Businessdevelopmentloans.B.Houseimprovementloans.C.Farmdevelopmentloans.D.Overdrafts.
单选题If the Fed buys securities from the commercial banks, payment will be ______ to the banks" accounts at the Fed.
单选题Factoring provides the following services except _____________.
单选题A check payable to Johnson is endorsed by him "pay Parry Smith only" What type of endorsement is this?
单选题When the Consumer income and established conditions for commodity prices is still, consumers can buy the two commodities to the greatest number of combinations. What did the Line call? （ ）
单选题Financial institutions dealing in foreign exchange business shall present to the SAFE their balance sheets, profit and loss statements and other statements or information covering foreign exchange operations.
单选题Foreign exchange markets are electronic communication systems that (56) major financial centers throughout the world. Exchange rates are determined (57) supply and demand relationships, relative interest rate levels, relative (58) of inflation, political risk, and economic risk. Alternatives (59) affecting settlement of purchase and sales claims were explored (60) with the instruments available to exporters and importers for financing their international activities.
单选题
A Red Clause Documentary Credit is a
Documentary Credit with a special condition incorporated into it that authorizes
the Confirming Bank or any other Nominated Bank to make advances to the
Beneficiary before presentation of the documents. The clause is
incorporated at the specific request of the Applicant, and the wording is de-
pendent upon his requirements. The Red Clause Documentary Credit is so called
because the clause was originally written in red ink to draw attention to the
unique nature of this Documentary Credit. The clause specifies the amount of the
advance authorized, which, in some in- stances, may be for the full amount of
the Documentary Credit. The Red Clause Documentary Credit is
often used as a method of providing the seller with funds prior to shipment.
Therefore, it is of value to middlemen and dealers in areas of commerce that
require to a form of pre - financing and when a buyer would be willing to make
special concessions of this nature. For example, it could be
used by a wool importer in England to enable a wool shipper in Australia to
obtain funds to pay the actual suppliers (either by direct purchase or through
the wool auctions) by obtaining a loan from the Australian bank, either on an
unsecured basis or against the security of interim documents. This would enable
repayment of the loan, plus interest, from the proceeds due to the Australian
Beneficiary when the wool was shipped and documents were presented in accordance
with the terms of the Documentary Credit. If, however, the Beneficiary failed to
ship the wool so as to repay the loan by presenting documents called for by the
Documentary Credit, the Australian bank would have the right to demand
repayment, with interest, from the Issuing Bank and that bank would have a
similar right of recourse against the Applicant. This kind of
arrangement places the onus of final repayment on the applicant, who would be
liable for repayment of the advances if the Beneficiary failed to present the
documents called for under the Documentary Credit, and who would also be liable
for all costs--such as interest or foreign exchange hedging-- incurred by the
Issuing Bank, the Confirming Bank, if any, or any other Nominated
Bank.
单选题
Passage 3
Futures are used for three purposes; hedging, speculating and arbitraging.
This passage is only concerned with hedging, but it should be noted that
speculators and arbitrageurs play a particularly important role in the market.
It is largely the speculators who take on the risks that the hedgers seek to
shed, while the arbitrageurs, by ensuring that futures prices constantly stay in
line with other markets, give both hedgers and speculators the confidence that
they are doing their deals at the right price. The volume of
deals for arbitrage and speculation purposes is much higher than that for
hedging purposes. This is similar to the foreign exchange markets, where it has
been estimated that, the foreign exchange business needed in any one year for
commerce and tourism is all done by 11 a.m. on 2, January, while the rest of the
year is taken up with speculating and arbitraging. However, the
purpose of the futures markets and what makes them different from a simple
gambling ring in the eyes of the law, is to provide a service to those
commercial enterprises which seek to hedge their risks. It is their money which
drives much larger volume of other transactions and not the other way
round. You might have expected, as is certainly the case in most
other financial markets, that big institutions would be more ready and able than
small individuals to shoulder the risks involved in dealing speculatively in
futures. However, futures markets are exceptional in this regard. In contrast to
other financial markets, which are dominated by big institutions, or at least by
fairly sizeable firms, the lifeblood of a successful futures market is its
"locals"—independent firms of only a few individuals trading for their own
account. It is these quick-witted, aggressive and generally rather blunt-spoken
individuals, viewed usually by outsiders with the utmost mistrust, who take the
risks that others use the futures market to shed, and provide the markets with
the liquidity without which they would he dead. The single reason why Chicago
took off as a financial futures market where others lagged behind is that the
CBOT and IMM already had a large pool of locals ready to turn their hand from
soya beans to long bonds and provide the new contracts with risk-taking
capacity.
单选题Revenue Expenditure is the expenditure ______.
(a)relating to the acquisition of fixed assets
(b)relating to the issue of bond
(c)relating to converting a partnership into a limited company
(d)on wages of staff
单选题One of the IMF"s original objectives was the ______ of fixed exchange rates among member countries" currencies, with par value related to the US dollar.
单选题Under FOB terms the bill of lading would state ______. A. goods loaded on board' freight paid B. goods loaded on board' freight payable at destination C. goods received for shipment' freight paid D. goods received for shipment' freight payable at destination
单选题Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A, B, C, 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Trust departments serve as trustees in connection with bond issues and as ______ agents and registrars for corporations.
单选题Directions: In this section you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.
{{B}}Passage One{{/B}}
单选题The accounting concept or convention, which, the economic life of a business can be divided into artificial time periods, is based on ______.
(a)materiality Concept. (b)going Concern Concept.
(c)matching Concept. (d)prudence Concept.
单选题Directions: In this section you will hear three short passages. At the end of each passage, you Mil hear mine questions. The passages and the questions will be, spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.
{{B}}Passage One{{/B}}
单选题[此试题无题干]
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. You should make the best choice and mark the corresponding letter on the
ANSWER SHEET by drawing a single line through the center.
Passage 1
Commercial bank deposits, including demand deposits, are subject to
immediate withdrawal during regular banking hours at the request of the
depositor with the exception of certain time deposits, discussed in this
section. Demand deposits may be withdrawn in the form of currency or coin, or
they may be transferred to another account at any commercial bank. Demand
deposits at commercial banks can be transferred by bank check and are sometimes
called checking accounts. No money interest is paid on demand deposits.
Checkable NOW accounts, or share drafts at credit unions, which are available to
consumers but not business depositors, pay interest. Technically, they are
savings accounts that are accessible by a negotiable order of
withdrawal. Savings deposits at commercial banks and thrifts can
usually be withdrawn as currency or coin, or as a cashier's check of the bank (a
check drawn against the issuing bank) ; they may be trans-fenced into the
depositor's demand deposit account at the same bank, although technically the
bank may refuse to withdraw or transfer a savings account for 30 days.
Time deposit accounts with specified maturities are exceptions to the
convention that commercial bank deposits should be convertible to cash on
demand. Prior to the date of maturity, the bank may refuse to exchange such a
time deposit claim or may impose a penalty fee. The time deposit pays interest,
giving it one of the characteristics of other private bonds.
Consumer or personal time deposits include CDs in denominations of less
than $100,000. They are non-negotiable; that is, they cannot be sold and must be
returned to the issuing bank by the original purchaser. Until 1976, there were
effective ceilings on interest payments. In 1973, consumer CDs were first
authorized with ceiling interest yields closer to market interest rates. They
were called money market certificates.
单选题The following are the basic functions of a bill of lading except to act as ______. A. a receipt for the goods from the shipping company to the exporter B. a certificate of origin, which certifies that the goods were produced in a particular country C. a document of title to goods being shipped overseas D. a quasi negotiable document