单选题The development of investment banking has a lot to do with the capital markets.

单选题Under D/P, all the documents, and usually title to the goods, are released to the buyer upon ______. A. his acceptance of the draft for payment at a specified later date B. his payment of the amount specified under reserve C. his partial payment of the bill amount D. his payment of the amount specified

单选题The international payments system of the buyer's country is not being hampered by exchange controls. The word hamper means ______. A. hinder B. put off C. postpone D. hold up

单选题 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.{{B}}Section One{{/B}} Passage 1 What determines the rate of exchange between currencies will be examined later in this book let, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence in part the term "exchange rate", which was maintained even though other methods of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a banker's draft drawn in dollars. The bank is able to do this because it will have an account with another bank ( called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier. Since there is a danger that the draft may be lost or fall into the wrong hands, the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the US to pay on behalf of its customer the required sum to the named recipient from the British bank's dollar account. This mail transfer system is very flexible since the instructions for payment can he varied or elaborated to suit practically every kind of requirement.

单选题All of the following statements are correct except ______.

单选题A cheque is expressed to be payable to ______.

单选题______ may make wage demands based on the accounting information that shows their employer's reported income. A. Creditors B. Control expenses C. Labor union D. B ＆ C above

单选题Mr. Harris's application for a loan was approved because he is ______. A. creditworthy B. on time C. capacity

单选题 {{B}} We meets the challenge of globalization{{/B}} Ten years ago, US bankers and brokers talked about globalization. Capital barriers would fall, there would be seamless 24 - hour trading across time zones and full - service institutions would serve farmers in Iowa to car workers in Osaka. As the US capital markets enter the 1990s, the reality is that globalization is still in its early stages and next decade as it was in the last. There has, however, been a qualitative change in the rhetoric. Then, globalization was seen in the US as an opportunity. Now the US is far less confident of its ability to dominate the global market and is showing signs of falling behind its competitors. Globalization is now an urgent challenge. Mr. Curtis Welling, managing director in charge of equities at First Boston, says, "The US has had a very geocentric view. Our hegemony over world capital flows was almost regarded as a birthright. As far as important capital flows are concerned, there was a real danger of the world passing us by. The US was in danger of becoming irrelevant." While the US was once slow to realise its competitive position in world financial markets could be eroded. Mr. Welling believes that there is a growing awareness of the need to act quickly to position the nation's markets and financial institutions for the future. This concern has been crystallised in regulatory initiatives, legislative proposals and product innovations. Progressive attitudes at both the US Federal Reserve and the Securities and Ex- change Commission (SEC) are central to these efforts. The SEC, which has just formed an Office of International Affairs, has shifted into top gear to harmonise regulations with overseas counterparts to promote the free and efficient flow of capital. The nuts and bolts of clearance and settlement, for example, are a priorty. Mr. Welling of First Boston, puts the challenge in graphic terms: We have gone about as far as we can go with broadbrush conceptual descriptions of the global market. We can see the house, it looks great but nobody can live in it until the plumbing and electricity is in place. In spite of all the talk of the global markets, it is startling that US pension funds have committed less than 3% of their 2 600 billion in assets to non - US securities. One key reason for this is that investors and traders have to negotiate a minefield of different regulations when operating in overseas markets.

单选题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? （　　）

单选题{{B}}Passage Two{{/B}} Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by employees who gamble with the bank's money; and defaults by counter-parties to forward exchange contracts and covering transactions. These risks were well illustrated by events in 1974: Bankhaus Herstatt, cologne, collapsed due largely to losses on its foreign exchange exposures; Lloyds Bank, Lugano, lost USD77 million due to unauthofised trading by staff. Herstatt's closure by the Bundesbank during working hours left many banks with unfulfilled foreign exchange transactions. Since then banks and authorities have tightened their control. Banks still take a position on foreign currencies and put traders on commission to speculate on their behalf, but mainly on within-day trading or on overnight positions. On longer-term positions banks aim to match liabilities and claims in a particular currency or cover the difference in the swap market.

单选题 Passage 3 Credit cards are an important part of American life. Whether we have a positive or negative image of credit cards, they are an inescapable part of our finances, either now or in the future. Without a credit card, it's just about impossible to rent a car, make a hotel or airline reservation, or even get a membership at a video store. Since credit cards are so important, yet so many people are in financial trouble because of them, we feel education is extremely important. We want to show our customers that credit cards are not toys; they are an important responsibility. A credit card can be used to "charge" things like clothes, tapes or C. D. 's, dinner at a restaurant, or maybe a hotel room while you're on vacation. When you charge something, you are agreeing to pay for your purchase at a later date. Basically, you are buying something now and paying for it later. Credit cards come with a "limit". Let's say your credit card has a limit of USD100.00. That means you can charge up to USD100.00 worth of items on your card. You will get a statement in the mail each month that lists the charges you have made. You will also have to make a payment every month that you have a balance owing. You can either make a minimum payment or you can pay any amount above that minimum payment up to the full amount. Don't worry about figuring out your minimum payment--your statement will tell you what it is. Of course, we highly recommend you pay your bill in full each month.

单选题Considering purchasing KH Company, you are evaluating KH's revenue generalizing ability. Then the following inventory valuation errors have been discovered. ·the 2000 year end inventory was overstated by ＄23,000 ·the 2001 year end inventory was understated by ＄61,000 ·the 2002 year end inventory was understated by ＄17,000 And the report income before taxes for KH was: Year Income before taxes 2000 ＄138,000 2001 ＄254,000 2002 ＄168,000 Required: (a)How much should the reported income before taxes have been for the years 2000, 2001 and 2002? (b)Discuss if 2000 year end inventory's overvaluation will influence file 2002 year's report income before taxes or not.

单选题I wrote a check for more money than I have in my account. I'm afraid I'm ______.

单选题Repricing risk comes from ______.

单选题There are four main methods of securing payment in international trade: (1) payment under documentary credit (2) open account (3) collection that is documents against payment or acceptance of a bill of exchange (4) payment in advance From an exporter's point of view the order of preference is ______.

单选题While expanding the scope of bills eligible for discount, the ceiling on discount interest rate will be, gradually increased in support of the market - based interest rate reform.

单选题The data on external debts are not to be revealed to the public.

单选题A.Theminimumdepositreserve.B.Adjustingthebaseinterestrate.C.Regulatingrediscounting.D.Openmarketoperations.