【正文】 potential returns B. Buying assets with more than one brokerage accountC. The ability to buy mutual fundsD. Buying stocks for the long term5. External users of financial accounting information include all of the following except .A. suppliers B. line managers C. general public D. creditors6. CAPM is short for .A. Capital Asset Pricing Model B. Cash Added Price MatrixC. Capital Asset Pricing Matrix D. Cost and Price Model7. Liquidity measures the ______.A. value of an assetB. ease with which an asset can be exchanged C. usefulness of an assetD. economic and monetary reliability of an asset pared with other assets8. In a letter of credit transaction, the bank pays the seller against ______ which agree(s) with______.A. documents... the credit B. merchandise... the contractC. documents... the contract D. merchandise...the buyer ordered9. A barter economy is one that does not possess _______.A. any wealths deposits in the form of cash reservesD. The requirement for cash reserves8. A draft is like a check that can be endorsed but it isn39。 Exporter B. Exporter。2 058 long $3 370 000 at B. Long 163。s salaries B. They always undertake the regulation of the banking system C. They are always the lender of last resortD. None of the above 12. When GBP/USD rate goes from to , we say the dollar ______.A. appreciates by % B. depreciates by %C. depreciates by % D. appreciates by % 13. According to diversification principle in investment, suppose you invest Stock X and Stock Y with equal funds, which of the following is not true? ______.A. If X and Y are totally independent with each other, the risk of the portfolio is reduced B. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offsetC. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increasedD. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased 14. These are four main methods of securing payment in international trade:(1) payment under documentary credit(2) open account(3) collection, that is document against payment or acceptance of a bill of exchange(4) payment in advanceFrom an exporter39。金融英語的單選題作者：日期：金融英語：FECT1單選題（一）1. Which of the following is not a function of money? ______.A. To act as a medium of exchange B. To act as a unit of accountC. To act as a store of valueD. To provide a double coincidence of wants E. To act as a means of payment 2. The price in the foreign exchange market is called ______.A. the trade surplusB. the exchange rate C. the money price D. the currency rate 3. Market risk refers to the risk of______.A. financial prices fluctuations B. defaultC. fraudD. deferred payments 4. Which of the following is not among the generally accepted accounting principles? ______.A. Cash basis B. PrudenceC. Consistency D. Going concern E. Money measurement.5. What is a documentary letter of credit? ______.A. A conditional bank undertaking to pay an exporter on production of stipulated documentation B. A method of lending against documentary securityC. An international trade settlement system biased in favour of importersD. All of the above 6. Holding a group of assets reduces risk as long as the assets ______.A. are perfectly correlated B. are pletely independentC. do not have precisely the same pattern of returns D. have a correlation coefficient greater than one 7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an .A. liability B. debtC. equityD. asset8. What function is money serving when you buy a ticket to a movie? ______.A. store of value B. a medium of exchange C. transaction demand D. a unit of account 9. If foreigners expect that the future price of sterling will be lower, the ______.A. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall B. supply of sterling will increase, demand for sterling will rise, and the exchange rate m