单选题A commercial letter of credit is used when ______.

单选题Lisa and Frank Edwards developed a ______ of monthly expenses to see how much money they would have left over to make loan payments on a refrigerator.

单选题Lenders at fixed interest go to great lengths to ensure that the borrower is a good credit ______.

单选题The law of diminishing returns: ()

单选题 Many people have two accounts in a bank, A savings account and a checking account. When people deposit money in a savings account, it earns interest. They can withdraw their savings at any time, unless it is a special notice account. A special notice account earns higher interest, but you must give the bank 90 days notice before withdrawing money from it. People use checking accounts for convenience. They deposit some money and write checks when they want to pay bills. This way they do not have to send cash through the mail. They do not have to carry a lot of cash with them, for they can write a check instead. At the end of the month, the bank returns the checks they have written and have been cashed. The bank also sends a statement of all the checks used. That way people have a record of how much money they have spent that month.

单选题If the firm has paid the promised dividend, the preferred stockholders do not usually vote.

单选题What unemployment is formed because of the economic recession? ()

单选题For an A- rated corporate bond that has deteriorating fundamentals, but is expected to remain investment grade, the greatest risk is most likely: ()

单选题The accounting entity is ______.

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.