金融英语考试模拟练习题汇编(判断题)(共3页)

1、精选优质文档-倾情为你奉上金融英语考试模拟练习题汇编（判断题）发 布 人：发布日期：2010-6-29浏览次数：197 1The velocity of money is determined by the central bankTrueFalse2A multiple increase in GNP could result from an initial increase in the stock of moneyTrueFalse3It is primarily the central bank that determines the size and the st

2、ructure of Ml， that is， how much of that total will be in demand deposits and how much in currencyTrueFalse4Money may be tight if the money supply grows at a faster rate than the demand for moneyTrueFalse5Inflation is defined as an increase in the general level of prices for goods and servicesTrueFa

3、lse6A provision for loan loss results in less net income for a bank on a bank's income statementTrueFalse7One of the important factors leading to the growth of financial intermediaries has been the decreased cost of information and analysis of direct securitiesTrueFalse8Financial intermediaries

4、are financial institutions that issue claims against themselves and use the proceeds to acquire financial claims against othersTrueFalse9Unlike commercial banks， other depository financial intermediaries do not have to be much concerned with excess withdrawals of their deposits since they do not hav

5、e to pay on demand by a depositorTrueFalse10An example of a nondepository financial intermediary is an insurance company来 True False11Bond market prices and interest rates are directly relatedTrueFalse12In its open market operations， the Federal Reserve deals exclusively with commercial banksTrueFal

6、se13Investors of bonds are quite clear about the exact amount of cash they will get back， provided they hold these securities until maturityTrueFalse14The stock price of a company is its valueTrueFalse15Buying a mutual fund based solely on its past performance is a good strategyTrueFalse16Return of

7、an investment takes two forms： income and capital gainTrueFalse17Corporate bonds that include a call provision can be exchanged into common stocks of the company that has issued themThis exchange is made at a predetermined priceTrueFalse18The return stockholders will receive on their investment will

8、 depend on future dividend payments and expected stock price appreciationTheir investment is risky， because future cash dividends are variable and capital gains are uncertainTrueFalse19Common stockholders get a fixed dividend and they are entitled to it before preferred stockholders receive any divi

9、dendTrue False20Revenue bonds are usually of higher quality than general obligation bonds， because they are issued to finance specific projects and are fully backed by the income these projects will generate in the futureTrueFalse21Financial innovation refers to the process that gives birth to new f

10、inancial institutions， markets，and productsTrueFalse22An important distinction between "direct" and "indirect" securities is that the former are issued by financial intermediaries while the latter are notTrueFalse23Inflation generally favors creditors at the expense of debtorsTru

11、eFalse24An asset that is readily convertible into cash is thereby highly liquidTrueFalse25If a bond is capitalized over a period greater than one year （one period）， it involves the calculation of compound interestTrueFalse26As a general rule， the shorter the maturity of an asset and the more readily

12、 it can be sold， the more liquid is the assetTrueFalse27Investors in the capital markets are not subject to any tax on their investmentsTrueFalse28CMO is a security backed by a pool of passthrough rates， structured so that there are several classes of bondholders with varying maturities， called tran

13、chesTrueFalse29The purpose of the letter of credit is to facilitate trade， typically international trade by substituting the known credit worthiness of a bank for the buyer， which may be unknown or unacceptable to the sellerTrueFalse30According to the Phillips Curve， the economy cannot be at full em

14、ployment and stable prices at the same timeTrueFalse31When total reserves are equal to required reserves， the banking system cannot extend loans anymoreTrueFalse32A bill of lading that covers the shipment of goods on two separate vessels is known as thorough bill of ladingTrueFalse33Usually the more

15、 liquid asset is less riskyTrueFalse34Where the bill of exchange is not accompanied by documents， these having been sent to the importer， the transaction is known as a clean collectionTrueFalse35The velocity of money is the speed with which it can be converted into a liquid assetTrueFalse36Primitive

16、 securities yield returns that depend on additional factors pertaining to the prices ofother assets， while a derivative security offers returns based only on the status of the issuerTrueFalse37A car loan offered by a bank is a derivative securityTrueFalse38Options give buyers the obligation to buy o

17、r sell an asset at a present price over a specific periodTrueFalse39Futures contracts usually end in the delivery of the underlying commodityTrueFalse40The forward exchange rate is the current spot rate adjusted for the interest rate differentialsTrueFalse41Dirty price is the bond price excluding ac

18、crued interest， ie， the price paid by the bond buyerTrueFalse42Every transaction must produce a debit and credit entry of the same financial amountTrueFalse43There are three parties to a life policy in addition to the issuing company： the insurer， the life assured and the beneficiaryTrueFalse44A guarantee is an agreement that may be evidenced in writing or in oral formTrueFalse45An insurable interest is assumed whe