单选题[此试题无题干]

单选题Increased flows of world capital intensify financial competition among nations. This trend places pressures on national government to their domestic markets and liberalize international capital movements.

单选题Cash flow from investment refers to that generated ______.

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}}

单选题If market interest rates rise, the price of a callable bond, compared to an otherwise identical option-free bond, will most likely: ()

单选题A bank’s liquid assets include following items except _____ ？

单选题{{B}}Passage Two{{/B}}

单选题{{B}}Section One{{/B}} Directions: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. You should make the best choice and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center. Passage 1 The forward market also provides facilities for forward currency transactions. This is a means of enabling the importer or exporter to agree a rate of exchange, now, at which a foreign currency will be exchanged for sterling at a future date, usually one, two, three or six months ahead but sometimes one or two years. This rate is fixed regardless of what might have happened to the rate of exchange in the meantime and is particularly useful in an era of floating, and potentially volatile, exchange rates. If, for example, a British importer of US machines which cost $ 3,000 each has to pay in one month's time he may prefer to buy the currency now for actual delivery in one month's time. With a current rate of $2.00 to the 1 pound the one month rate may be at a two cent premium ($1.98) or 2 cents dearer than the spot rate. These purchases will therefore cost the importer an additional ￡ 15 but at least he knows exactly how much it will cost him whatever happens to exchange rates. If the pound had been devalued or floating down during the month the cost could have horn a lot more than ￡ 15. Theoretically there are two alternatives to buying forward: 1) To buy $3,000 now at the spot rate, pay interest on any loan to pay for the purchase and invest the dollars for one month. 2) Pay the spot rate in one month's time whatever the rate might be. The facility to buy or sell a currency forward, therefore, enables the importer to fix a definite price which will not be affected by fluctuations in exchange rates. Forward exchange markets were temporarily disrupted in 1974 by the collapse of a West German bank which failed to meet its foreign currency obligations. As the foreign exchange markets depend so much on confidence, this collapse led to a temporary contraction in the forward market. However, it has now regained much of the ground lost, indeed in an era of floating rates the forward market is of even more importance to traders in insuring themselves against loss through exchange rate fluctuations.

单选题There is a deficit in the federal budget when: ()

单选题The exportation of domestic currency is limited to per person per exit _______ ?

单选题[此试题无题干]

单选题Investment banks are ______.

单选题{{B}}Passage Three{{/B}}

单选题A share of stock in a firm represents ownership. A stockholder owns a percentage interest in a firm consistent with the percentage of outstanding stock held. This ownership is in contrast to a bondholder, who holds no ownership interest but is rather a creditor of the firm. Investors can earn a return from stock in one of two ways. Either the price of the stock rises over time, or the firm pays the stockholder dividends. Frequently, investors earn a return from both sources. Stock is more risky than bonds because stockholders have a lower priority than bondholders when the firm is in trouble. The returns to investors are less assured because dividends can be easily changed, and stock price increases are not guaranteed. Despite these risks, it is possible to make a great deal of money by investing in stock, whereas it is very unlikely by investing in bonds. Another distinction between stock and bonds is that stock does not mature. Ownership of stock gives the stockholder certain rights regarding the firm. One is the right of a residual claimant: stockholders have a claim on all assets and income left over after all other claimants have been satisfied. If nothing is left over, they get nothing. As noted, however, it is possible to get rich as a stockholder if the firm does well. Most stockholders have the right to vote for directors and on certain issues, such as amendments to the corporate charter and whether new shares should lie issued.

单选题In documentary collection, the exporters present the documents to ______ after goods have been shipped. A. the remitting bank B. the collecting bank C. the reimbursing bank D. the opening bank

单选题The ratio of liquid assets to liquid liabilities of a commercial bank shall not fall short of _______ per cent .

单选题Investment banks perform the functions of market intermediaries.

单选题Many of these individuals have made wills and have asked trust departments to act as ______.