单选题Cash in advance applies when the manufacturing process or services delivered are labor intensive.

单选题 International trade always creates the need for forward operations, if the exchange risk is to be hedged. Let us consider the case of a Swiss importer who has bought goods in Germany, in- voiced in Euro, payable in 90 days. To eliminate the risk of a significant rise of the Euro in the meantime and also to have the basis for an exact price calculation, he buys the Euro 90 days forward. In the converse case a Swiss exporter knows that in three months he will receive U. S. dollars in payment for this export. Here again, in order to eliminate the exchange risk, he hedges by selling the U. S. Dollar three months forward. Not to do these, forward transactions would be equivalent to speculating, on a fall of the Euro in the first case, or a rise of the U. S. dollar in the second case.

单选题In extending loans, one of the principles that a commercial bank persists in is ______.

单选题Endorsement can be acceptable________________.

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单选题The world economy seemed to have gone into a ______.

单选题Suppose the demand for tea is very price-elastic. To increase revenue, the tea supplier should ______ the price level. (a)increase (b)decrease (c)not change (d)uncertain

单选题Under FOB terms the bill of lading would state goods ______. A. loaded on board, freight paid B. loaded on board, freight payable at destination C. received for shipment, freight paid D. received for shipment, freight payable at destination

单选题{{B}}Passage Two{{/B}} The law and FDIC's ( the Federal Deposit Insurance Corporation) regulations, which apply to all state member banks and bank holding companies, reinforce the Federal Reserve's longstanding policy that an institution-affiliated party who engages in misconduct should not be insulated from the consequences of his or her misconduct. From a safety and soundness perspective, a state member bank or bank holding company should not divert its assets to pay a line or other final judgment issued against an institution-affiliated party for misconduct that presumably violates the institution's policy of compliance with applicable law, especially in cases where the individual's misconduct has already harmed the institution. Although state corporate laws may allow a company to adopt by-laws indemnifying its institution affiliated parties, any indemnification provisions or agreements adopted by a state member bank or bank holding company must comply with federal law and the FDIC's regulations concerning indemnification.

单选题Many banks work with so many different customers and accounts that they need ______ to record all transactions. A. deposit slips B. computers C. parties

单选题 Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D.{{B}}Passage One{{/B}}

单选题Theappropriatemeasuresoffreecashflowanddiscountratetousewhenestimatingthetotalvalueofafirm,respectively,are:()

单选题A standby letter of credit ______.

单选题{{B}}Passage Two{{/B}} On the balance sheet, assets and liabilities are classified as either {{U}}(61) {{/U}} or long-term to indicate their relative liquidity. Liquidity is a {{U}}(62) {{/U}} of how quickly an item may be converted to cash. Therefore, {{U}}(63) {{/U}} is the most liquid asset. Accounts receivable are a {{U}}(64) {{/U}} liquid asset because the business expects to collect the amount in cash in the near future. {{U}}(65) {{/U}} are less liquid than accounts receivable, and furniture and buildings are even less so.

单选题A sole trader’s capital at a particular date equals

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单选题If AD shifts to the right to adapt to oil shocks from OPEC, then ______. (a)P and GDP will remain normal automatically. (b)GDP may be unchanged although P will rise. (c)GDP will rise and P will drop. (d)the domestic P of oil will drop.

单选题 Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.{{B}}Passage One{{/B}}