单选题Which of the following is the most liquid asset?

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A.Itconsistsofonecommercialcreditandonestandbycredit.B.Itconsistsoftwoentirelyseparatedocumentarycredits.C.Itconsistsofacreditandsomecommercialdocuments.D.Itconsistsofabillofexchangeandabilloflading.

单选题The international payments system of the buyer's country is not being hampered by exchange controls. The word hamper means ______.

判断题Because futures contracts are standardized, they are very useful for quotation and trading.

单选题Washington March 15 - The administration of President Carl Arling today predicted another six months of slow GNP growth and rising inflation. Chief economic advisor to the president, Walter Abel, told a news conference that in- creased foreign competition, rising prices for raw materials, and high interest rates would hold economic growth to less than 3% for the year with inflation rising above 7%. Abel said, however, that administration programs to restructure the economy would begin bearing fruit toward the end of the year and that growth in the gross national product would turn sharply upwards in the last quarter. He also said that the administration of President Arling was determined to increase investment in high technology industries, upgrade aging plant equipment in heavy industry, and encourage workers to increase productivity. Abel admitted that high interest rates threatened the strategy, but warned that any action to artificially lower interest rates risked fueling even greater inflation. "We are still recovering from the recession caused by the previous administration and attempts to force the pace of recovery could be dangerous," he said.

单选题Before the United States, some form of risk - based loan/asset classification system was adopted in Singapore to monitor bank's asset quality and assess its adequacy of provisions.

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.

单选题Usually, the original investment banker ______.

单选题Mr. Harris's application for a loan was approved because he is ______.