单选题Which of the following is correct? A bill of exchange can be i) a sight bill, ii) a term bill, iii) a bill of lading, ______.

单选题Which of the following statements is true. The benefit of the open cover system is that ______.

单选题Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and the question will be spoken only once. During the pause, you must read the four choices marked A, B, C, D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

单选题Suppose money supply and the general price level remain the same, and money demand is the function of income and interest rate, an increase in incomes will ______. (a)increase both money demand and interest rate. (b)increase money demand but lower interest rate. (c)decrease money demand but increase interest rate. (d)decrease money demand and interest rate.

单选题{{B}}Passage Three{{/B}}

单选题Amy, a CFA candidate, recently joined A&F Asset Management, and reports directly to Tammy. Shortly after joining the firm, Amy learned that A&F Asset Management does not have a copy of the Code and Standards. Which of the following statements best complies with AIMR Standards of Professional Conduct? ()

单选题Advances to the importer can be given in the following ways except__________ .

单选题During the journey from the exporter to the importer, ______ is responsible for insuring the goods.

单选题Which of the following costs for a car manufacturer is not the variable cost?

单选题A forward exchange rate can move for two reasons: (1) because the spot rate moves, and (2) ______.

单选题Standby letters of credit are relatives of documentary letters of credit because_________.

单选题The ______ will distribute the property of the deceased according to his last will and testament.

单选题The word "finance" signifies capital in monetary, that is, ______, normally for capital purposes, through financial markets or financial institutions. A. in the way of capitals B. in the form of funds lent or borrowed C. in the method of funds D. on the form of funds lent or borrowed

单选题Open-market operations refer to ______. (a)loans from commercial banks to corporations and consumers. (b)inter-bank loans. (c)changes in interest rates caused by the changes in commercial bank loans. (d)buying and selling governmental securities by the central bank.

单选题Two accounting systems car generally be used to account for foreign exchange transactions, namely, ______.

单选题______ are assets that are expected to be converted to cash, sold, or consumed during the next 12 months or within the business's normal operating cycle if longer than a year. A. Long - term assets B. Long - term liabilities C. Current liabilities D. Current assets

单选题The higher the level of liquidity a bank maintains, the more, profit the bank can gain.

单选题From bank's perspective, liabilities have become more interest elastic, so that small rate changes can produce large fluctuations in ______ balances.

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}} In order to {{U}}(56) {{/U}} foreign exchange administration, maintain strong balance of payments position, China {{U}}(57) {{/U}} the Regulations on Foreign Exchange Administration on January 29,1996. The State Administration of Foreign Exchange is the agency responsible for foreign exchange administration. The SAFE has a similar branch structure with that of the People's Bank of China, China's central bank. The Bank of China {{U}}(58) {{/U}} the principal foreign exchange bank. Other banks and financial institutions, {{U}}(59) {{/U}} affiliates of non-resident banks, {{U}}(60) {{/U}} designed transactions with the approval of the SAFE.

单选题Many people are only able to purchase by borrowing either from a commercial bank or from a finance company by means of ______ purchase.