单选题passage2

单选题At such a price, the VCR ______ the cost of home movie watching.

单选题{{B}}Passage Two{{/B}}

单选题The seller can deal with the funds before the shipment of the goods through cash in advance.

单选题Some companies, governments and banks have borrowing requirements which are so large that their domestic market cannot ______ them.

单选题A revocable documentary credit is issued in favour of the beneficiary in accordance with the instructions of the "applicant "and gives the buyer maximum flexibility, since it can be amended, revoked or cancelled without the beneficiary"s consent and even without prior notice to the beneficiary tap to the moment of payment by the bank at which the issuing bank has made the documentary credit available. The revocable documentary credit involves risks to the beneficiary since the documentary credit may be amended or cancelled while the goods are in transit and before the documents am presented, or...

问答题ThefollowingarethesummarizedfinancialstatementsofMr.Wong'sbusinessfortheyearsended31December2002and2003respectively.{{U}}BalanceSheetsasat31December{{/U}}20022003＄＄FixedAssets(netbookvalue)22,50018,000CurrentAssets:Stock10,50027,000Debtors18,00054,000Bank1,500—Currentliabilities:Creditors(9,000)(22,500)Bankoverdraft{{U}}—{{/U}}{{U}}(15,000){{/U}}Capitalat1January18,00043,500NetProfitfortheyear45,00052,500Drawings{{U}}(19,500){{/U}}{{U}}(34,500){{/U}}{{U}}ProfitandLossAccount{{/U}}Sales180,000300,000Costofsales{{U}}120,000{{/U}}{{U}}225,000{{/U}}Grossprofit60,00075,000Operatingexpenses{{U}}15,000{{/U}}{{U}}22,500{{/U}}NetprofitAdditionalinformationisgivenasfollows:1.Allsaleswereoncreditbasis.2.Therewerenopurchaseordisposalsoffixedassetsduringtheyear.3.Thestockvalueanddebtorbalanceasat31December2001were＄15,000and＄30,000respectively.Required:(a)Calculatethefollowingfinancialratiosforyearsboth2002and2003:(i)Grossprofitmargin(ii)Netprofitmargin(iii)Returnoncapitalemployed(iv)Currentratio(v)Acidtestratio(vi)Stockturnoverperiod(days)(vii)Debtorscollectionperiod(days)(viii)Gearingratio(b)Whyisthegearingratioimportanttoabankerinmakingalendingdecision?(c)Basedonthefinancialratiosin(a),commentontheprofitability,liquidityandmanagementefficiencyofMr.Wong'sbusiness.

问答题Speculative demand for money

问答题A commercial bank shall not engage in trust investment of stock business, or invest in real estate not for its own use.

问答题There are a variety of financial products available in the markets, such as A-shares, B-shares, securities investment funds, treasury bonds, corporate bonds, convertible bonds, commodity futures, ETF, LOF and warrants.

问答题The authorized financial institutions should keep enough foreign exchange working capital in accordance with the relevant regulations on asset and liability ratios concerning their foreign exchange operations and loan loss provisions.

问答题Name any 3 types of leasing services offered by breaks.

问答题Explain the Open Market Operations.

问答题What are the three major functions of money? Describe how drastic inflation can undermine the ability of money to perform these three basic functions.

问答题激励机制

问答题Bancassurance refers to the sale of insurance products through bank distribution.

问答题Because insurance contracts are complicated, they must be approved by the regulatory authorities to ensure that the insurance - buying public will not be mistreated as a result of un- fair provisions.

问答题What is merchant banking? Why does it grow rapidly in Hong Kong?

问答题请按信函格式以下列内容给美国洛杉矶甲银行用英语写一封信。 1)我方和贵方之间有良好的业务关系，应贵方要求，我方向贵方提出金额达453，000美元的贷款额度提议，用以资助贵方客户从我国进口商品。 2)经贵方提前5日通知我方后，贵方将随时可以使用该贷款额度，有效期为1年。 3)如贵方有兴趣，请写信告知，以便就有关条款进行进一步磋商。请贵方留意，我方提议有效期为半年。

问答题Return on equity (3 marks)