单选题 Directions: Read the following passages and determine whether the sentences are "Right" or "Wrong". If there is not enough information to answer "Right" or "Wrong", choose "Doesn't say".{{B}}Passage One{{/B}} A commercial bank shall formulate its business rules, establish and improve its business management, the system of cash control and its security system in accordance with the stipulations of the People's Bank of China. A commercial bank shall establish and improve its systems of examining and checking deposits, loans settlements and bad and doubtful accounts. The PBC can exercise examination of commercial bank at any time in accordance with the relevant provisions. The personnel in charge of the examination and supervision should produce their legitimates at the time of conduction examination and supervision. A commercial bank shall provide financial accounting information, business contracts and other information about its business and management at the request of the People' s Bank of China. A commercial bank is subject to the audit control by the auditing authorities in accordance with the audit law and regulations.

单选题Which one of the following is the most widely used measure of inflation? ()

单选题{{B}}Passage Two{{/B}}

单选题When the exported goods are insured under an open cover agreement, _______is the most appropriate document as evidence of insurance.

单选题Which of the following statements is true? ______. A. To decrease a receivable, debit the account B. To decrease revenue, debit the account C. To increase owner's equity, debit the account D. To increase an expense account, credit the account

单选题To ensure, a company's long - term survival and prosperity, finance managers need to make decisions about the ______ of the company.

单选题In the UK commercial banks often raise funds by issuing bands and stocks.

单选题Applicable to the entire World Bank Group is the ______ of most governmental borrowers for multinational loans.

单选题As some treasury bills do not actually pay interest, they are not attractive to investors.

单选题People are interested in liabilities on the balance sheet because it is relatively liquid.

单选题She ______ 10 000 to charity in her will.

单选题Excessive interest rate risk impacts ______.

单选题Cash flow can be generated from a number of sources, including operations, investment and financing. Funds From Operation is also known as Gross Operating Cash Flow. A company"s operating cash flow consists of income plus non - cash charge less non - cash credits. Non - cash charge represents reduction in income not requiring cash outlays. The items include depreciation and amortization, deferred taxes, asset write - downs, amortization of bond discounts, provisions, reserves, Josses on a sale of equipment mid loss in equity investments. Non - cash credit includes equity earnings in unconsolidated investments, amortization of bond premiums, gain on the sale of equipment, and negative deferred tax provisions. A company"s operating cash needs consist of receivable, inventory and prepaid items. Increases in them represent use of cash, while decreases in them represent cash outflow. Operating cash sources include accounts payable, accruals and taxes payable. Increases in them are sources of cash since cash is conserved and outlays are delayed, whilst decreases in them represent uses of cash. Cash from operation (or net operating cash flow) is operating cash flow available after working capital requirements. Cash flow from investment refers to that generated from primary expenditures real internal cash flow. Primary expenditures include cash dividends, long- term debts, repayments, capital expenditures and fixed assets acquired. Internal cash flow includes miscellaneous items and uses not pertaining to ordinary operations. Examples are disposals, non - operating receivable, purchase and sale of treasury stock, increases and decreases in investments, etc. Cash flow front financing involves need to finance and new financing. The first category represents total internally generated cash flow. If the amount is negative, we need to determine if the company"s new financing is sufficient to fund the deficit. The second category includes externally generated cash such as new long- term debt, new equity and net change in short- interest bearing debt. The new financing should be an appropriate source for the major uses causing the deficit. Result change in cash represents the result that the total internally rout externally generated sources of cash net tile total uses of cash during the year.

单选题With through bill of lading, the first part of the journey ______.

单选题Investment institutions (26) the third major category in our financial system. These institutions combine the relatively small amounts of savings from many individuals and invest the (27) in financial assets. Mutual funds purchase corporate stocks and bonds as well as government securities. Real estate investment trusts invest in (28) and mortgages. Money market funds invest in short - term debt securities. While individual investors can invest directly in such securities, investment institutions (29) small investors diversification and experienced management of their funds. The fourth category consists of financial companies. These companies provide loans directly to consumers and businesses. Sales and consumer finance companies lend to individuals. Sales finance companies finance installment loan purchases of automobiles and other (30) goods. Consumer finance companies provide small loans to individuals and households. The fifth category consists of securities market institutions that are involved in the savings - investment process and the marketing and transferring of claims to wealth. Credit -reporting and credit-rating organizations aid lenders in deciding whether to extend credit to consumers and businesses.

单选题The purpose of the syndicated loan is usually to provide finance to ______.

单选题A manufacturer has the following figures for the year ended 31 December 2003: Direct materials ＄7,000 Factory overheads ＄10,000 Direct labor ＄5,000 Increase in works-in-progress ＄2,000 The conversion cost is (a)12,000. (b)17,000. (c)15,000. (d)10,000.

单选题 Directions: There are 10 blanks in the following passages. For each blank, there are four choices marked A, B, C and D.{{B}}Passage One{{/B}} Billions of dollars worth of new securities reach the market each year. The traditional {{U}}(56) {{/U}} in the primary, markets is called an investment banker. The investment banker's principal activity is to bring sellers and buyers together, thus creating a market. He normally buys the new issue from the issuer at an agreed-upon price and hopes to {{U}}(57) {{/U}} it to the investing public at a {{U}}(58) {{/U}} price. In this capacity, investment bankers are said to underwrite, or guarantee, an issue. Usually, a group of investment bankers joins to underwrite a security offering and form what is called an underwriting syndicate. The {{U}}(59) {{/U}} received by the investment banker in this case is the differential, or spread, between his purchase and resale prices. The risk to the underwriter is that the issue may not attract buyers at a {{U}}(60) {{/U}} differential.

单选题 Directions: There are 10 blanks in the following passages. For each blank, there are four choices marked A, B, C and D. You are supposed to choose the best answer and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.{{B}}Passage One{{/B}} A certificate of deposit (CD) is issued by a depository- institution {{U}}(56) {{/U}} that the holder has deposited at the institution a certain mount of money for a certain period of time. By issuing a certificate of deposit, a bank, or {{U}}(57) {{/U}} institution, gives its pledge to {{U}}(58) {{/U}} the certificate at maturity and to pay a certain rate of interest for the use of the deposited funds. Certificates of deposit are issued in several different forms. They may be negotiable or nonnegotiable, If a CD is negotiable it may be sold on the secondary market {{U}}(59) {{/U}} to maturity. Usually only large CDs are issued in negotiable form. CDs may also be issued either in bearer or registered form. Negotiable CDs are usually always issued in bearer form because of the ease with which ownership may be {{U}}(60) {{/U}}.