问答题The four types of documentary credit are payment credit, negotiation credit, acceptance credit and deferred payment credit respectively.

问答题$000 Stocks at 1 Jan 01: Raw materials 20 Work in progress 10 Finished goods 25 Wages paid to production workers 60 Raw materials bought in year 150 Factory administration expenses 12 Depreciation of production machinery 15 Further information: Closing stocks at 31 Dec 01: Raw materials 18 Work in progress 3 Finished goods 30 Required: Prepare a manufacturing account in good form for the business.

问答题Credit risk or the failure of a counterpart that the bank faces applies not only to loans, but also to other on-and-off-balance sheet exposures such as guarantees, acceptances and securities investments.

问答题Soft law

问答题You are deciding whether to purchase a used car. The price of the car is ＄1,400 and you expect the car to last for four years. You have determined that the value of the flow of services you will receive from the car in each of the four years is ＄500. The interest rate is 20 percent. (Assuming that all figures are real terms.) (a)Without discounting future cash flows and benefit streams, is the benefit of buying this car greater than the cost? (b)When costs and benefits are appropriately valued, what is the net present value of this investment? Should you buy the car?

问答题What is the Theory of Money Supply by the Monetarist School?

问答题If we start the day with a long position of $10,000,000and $2,000,000 spot to a customer and$3,000,000 three months forward to a bank, our position is reduced to $5,000,000.

问答题The central bank usually acts as a lender of last resort to protect commercial banks against a temporary liquidity drain.

问答题Xinhua Garment Company wants to export its goals to a customer in Germany. Advise the company the two trade financing methods offered by banks.

问答题External debt

问答题Bond is an interest-bearing government or corporate security that obligates the issuer to make specified payments on a specific schedule to the bondholder.

问答题Moral suasion

问答题我们已收到以上跟单汇款，很抱歉，由于以下不符之处，我行不能付款。 收到的质量、数量保证书是由受益人发的签发的，而信用证要求由制造商或公安检查机关签发关于商品质量、数量或我不是的证明。 并要求通行受益人。

问答题清算程序

问答题The Chinese authorities' comprehensive efforts to improve financial supervision started with the introduction of the stabilization and adjustment program in 1993.

问答题In order to see the basic profitability of financial institutions, it is appropriate to exclude the impact on operating profits of net bond-related gains/losses, write-offs in trust accounts, and net transfer to the allowance for possible loan losses.

问答题What are the basic objectives of economic policies?

问答题After the first year of trading, Mr. Wong provided you the following list of ledger balances as at 31 December 2003: ＄ Stock, 1 January 2003 3,300 Stock, 31 December 2003 25,200 Sales 160,000 Purchases 100,000 Premises 142,600 Fixtures & Fittings 45,200 Motor Vehicles 42,500 Returns Inwards 1,500 Returns Outwards 2,600 Carriage Inwards 1,000 Carriage Outwards 250 Debtors 30,500 Creditors 41,500 Wages 17,495 Rent and Rates 3,900 Lighting & Heating 18,455 Insurance 10,600 Motor Vehicle Expenses 2,400 Cash at Bank 4,700 Bank Loan 29,000 Loan Interest 2,300 Drawing 6,400 You are further given the following information: 1.Wages owing are ＄550. 2.Prepaid rent is ＄600. 3.Depreciation of Fixtures & Fittings is 10% per annum on cost. 4.Depreciation of Premises is based on a 10-year lease. 5.Depreciation of Motor Vehicles is 50% life using the reducing balance method. 6.Stock taken for Mr. Wong's own use is ＄1,100. Such a transaction has not yet been recorded. 7.It is estimated that one-third of the driving time is for private purposes. 8.5% of the outstanding accounts at the year end is thought to be uncollectible. 9.There was no error made in the recording of business transactions for the year. Required: (a)Prepare a Trading and Profit and Loss Account for the year ended 31 December 2003. (b)Prepare a Balance Sheet as at 31 December 2003. (c)Explain the meaning and the significance of Working Capital.