绪论 单元测试
1、单选题：Financial English belongs to “_______”, which is a kind of professional English. ( )
A:English for General Purpose
B:English for Specific Purpose
C:English for Academic Purposes
D:English for Everyday Life
正确答案:【English for Specific Purpose】
2、单选题：It’s better to study the course in _______ academic year. ( )
A:the second or the third
B:the first or the second
C:the second or the fourth
D:the third or the fourth
正确答案:【the third or the fourth】
3、判断题：Economic globalization and financial integration are inevitable tendencies.（）
A:对
B:错
正确答案:【对】
4、判断题：The course covers a wide range in finance, including money, international finance, financial market, commercial banking, accounting, international settlement, E-finance, insurance and financial crisis.（）
A:对
B:错
正确答案:【对】
5、判断题：To learn the course well, more importance should be attached to the financial knowledge than specialized English words and expressions.（）
A:对
B:错
正确答案:【错】
第一章 单元测试
1、单选题：A rise of interest rates will cause（）
A:an increase in borrowing and a slowing-down of credit creation
B:a decrease in borrowing and an increase in credit creation
C:a decrease in borrowing and a decrease in credit creation
D:an increase in borrowing and an increase in credit creation
正确答案:【a decrease in borrowing and a decrease in credit creation】
2、单选题：Which of the following is not one of the functions of money? ( )
A:standard for payment
B:financial assets
C:store of value
D:medium of exchange
正确答案:【financial assets】
3、单选题：What is the factor that led to the invention of money? ( )
A:market places
B:difficulties and inefficiency of the barter system
C:double coincidence of wants
D:rate of exchange
正确答案:【difficulties and inefficiency of the barter system】
4、单选题：If the money supply lags behind production, the economy may suffer from with equally undesirable effects. ( )
A:deflation
B:debt
C:crisis
D:inflation
正确答案:【deflation】
5、单选题：Narrow money refers to . ( )
A:M0
B:M0 and M1
C:M2
D:M1 and M2
正确答案:【M0 and M1】
6、判断题：Strictly speaking, money is currency. （）
A:错
B:对
正确答案:【错】
7、判断题：Money is the unique form in which wealth can be held. （）
A:错
B:对
正确答案:【错】
8、判断题：Interest rates move in the same direction with that of the stock index.（）
A:错
B:对
正确答案:【错】
9、判断题：Nominal interest rate is unadjusted for inflation.（）
A:对
B:错
正确答案:【对】
10、判断题：Raising the reserve requirement ratio will release liquidity. （）
A:错
B:对
正确答案:【错】
第二章 单元测试
1、单选题：Based on the data of 2019, the biggest geographic trading center for foreign exchange is primarily _______.（）
A:London
B:Shanghai
C:New York
D:Tokyo
正确答案:【London】
2、单选题：_______ is the date on which the money must be paid to the parties involved in spot transaction.（）
A:The business day
B:The deal date
C:The value date
D:The working day
正确答案:【The value date】
3、单选题：Suppose a small Chinese firm sold some goods to a Japanese firm, and it will receive payment of 1 million yen in 60 days. Which of the following statement is right?（）
A:The Chinese firm has a liability position in yen – short position in yen.
B:The Chinese firm can enter into a forward contract to sell 1 million yen in 60 days.
C:If the yen depreciates in 60 days, the firm will receive more yuan.
D:The exchange rate risk is lower in a short period, so there is no need for the exporter to hedge the risks.
正确答案:【The Chinese firm can enter into a forward contract to sell 1 million yen in 60 days.】
4、单选题：Swap transactions involve two _______ inseparable contract deals, usually the first for spot delivery, and the second for future delivery. （）
A:consistent
B:successive
C:corresponding
D:simultaneous
正确答案:【simultaneous】
5、单选题：The _______ gives buyer the right, but not the obligation, to buy (or sell) a specified amount of one currency for another at a specified price on a specified date.（）
A:swap transaction
B:futures transaction
C:option transaction
D:forward transaction
正确答案:【option transaction】
6、判断题：Foreign bank notes are not foreign exchange in the narrower sense.（）
A:错
B:对
正确答案:【对】
7、判断题：Quotes using a country’s home currency as the unit currency are known as direct quotation.（）
A:对
B:错
正确答案:【错】
8、判断题：Futures contracts can be customized to meet particular customer needs.（）
A:错
B:对
正确答案:【错】
9、判断题：It is estimated that speculation accounts for only 10% of the daily trading activity in foreign exchange market.（）
A:对
B:错
正确答案:【错】
10、判断题：Opportunities for actual arbitrage in foreign exchange market are rare.（）
A:对
B:错
正确答案:【对】
第三章 单元测试
1、单选题：According to the principle of the balanced balance of payments, if a country reduces its foreign exchange reserves by $20 million and the statistical discrepancy is in the credit entry of $5 million in a given period of time, the country runs _____of its balance of payments during that period of time.（）
A:$25 million deficits
B:$5 million deficits
C:$20 million deficits
D:$15 million deficits
正确答案:【$25 million deficits】
2、单选题：In terms of balance-of-payments account, which of the following would be recorded as a debit entry in the U.S. BOP?( )
A:Exports of services
B:Purchase of the U.S. Treasury bonds by non-residents
C:Exports of merchandise
D:An increase of the deposit in a U.S. resident’s account at a foreign bank
正确答案:【An increase of the deposit in a U.S. resident’s account at a foreign bank】
3、单选题：The balance of payments is a statistical record which measures the total value of __. ( )
A:all economic and financial transactions between the residents and non-residents for a given period of time
B:a country’s capital inflows and outflows at a particular date in a given year
C:a country’s foreign trades between the residents of a country and its non-residents for a given period of time
D:a country’s foreign exchange reserves in a certain period of time
正确答案:【all economic and financial transactions between the residents and non-residents for a given period of time】
4、单选题：The trade deficit means that___. ( )
A:residents are producing more goods than they are consuming
B:residents are borrowing more funds than they are lending
C:residents are receiving more payments than they are making
D:residents are importing more goods than they are exporting
正确答案:【residents are importing more goods than they are exporting】
5、判断题：In the short-term, a balance of payments surplus boosts economic growth. ( )
A:错
B:对
正确答案:【对】
6、多选题：Balance of payments ( )
A:provides detailed information concerning the demand and supply of a country’s currency
B:is defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of a double-entry bookkeeping
C:can be used to evaluate the performance of a country in international economic competition
D:is a country’s capital inflows and outflows at a particular date in a given year
正确答案:【provides detailed information concerning the demand and supply of a country’s currency
;is defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of a double-entry bookkeeping
;can be used to evaluate the performance of a country in international economic competition】
7、多选题：A country’s international transactions can be grouped into_______three main types.( )
A:official reserve account
B:current account
C:capital account
D:medium term account
正确答案:【official reserve account
;current account
;capital account】
8、多选题：Since the balance of payments is presented as a system of double-entry bookkeeping, __.( )
A:every transaction must be recorded twice
B:None of the above
C:every credit in the account is balanced by a matching debit
D:every debit in the account is balanced by a matching credit
正确答案:【every transaction must be recorded twice
;every credit in the account is balanced by a matching debit
;every debit in the account is balanced by a matching credit】
9、判断题：The transaction a U.S. embassy in Beijing pays salaries to its American staffs is included in China’s balance-of-payments account. ( )
A:错
B:对
正确答案:【错】
10、判断题：The demand for a country’s exports impacts the value of its currency. ( )
A:错
B:对
正确答案:【对】
第四章 单元测试
1、单选题：Why would a company issue commercial paper? ( )
A:All are right.
B:Because they can essentially print money.
C:To finance short term things.
D:To finance large projects and expansions.
正确答案:【To finance short term things.】
2、单选题：Eurocurrency deposits are ( ).
A:bank deposits designated in the common currency of the European Community
B:held by banks in London only
C:bank deposits in dollars
D:held by banks in one country in the currency of another
正确答案:【held by banks in one country in the currency of another】
3、单选题：What is a major advantage of money market instruments? ( )
A:They have higher returns than most savings accounts.
B:They are relatively low risk.
C:All are right.
D:Most instruments offer good liquidity.
正确答案:【All are right.】
4、单选题：Borrowers obtain funds from lenders by selling to lenders newly issued claims in the financial markets, eg. stock market or bond market, and we call this way ( ).
A:financial market
B:direct finance
C:financial instrument
D:indirect finance
正确答案:【direct finance】
5、多选题：The instruments traded in money markets have some common features, including ( ).
A:more liquid and safer
B:large denominations
C:short-term maturities
D:low default risk and low yields
正确答案:【more liquid and safer
;large denominations
;short-term maturities
;low default risk and low yields】
6、多选题：On the international level, there are two pillars underpinning the RMB internationalization, they are ( ).
A:China’s products
B:China’s markets
C:the creditworthiness of China as the world’s second-largest economy
D:China’s gold reserves and foreign exchange reserves
正确答案:【the creditworthiness of China as the world’s second-largest economy
;China’s gold reserves and foreign exchange reserves】
7、判断题：Based on the maturity of the securities traded in the market, financial markets can be classified into primary market and secondary market. （）
A:错
B:对
正确答案:【错】
8、判断题：T-bills are short-term securities that mature in one year or less from their issue date. （）
A:对
B:错
正确答案:【对】
9、判断题：CDs offer a slightly lower yield than T-bills because the bank’s default risk is lower. （）
A:错
B:对
正确答案:【错】
10、判断题：Repos are short-term collateralized loans used by securities dealers and other market participants as a source of low cost financing method. （）
A:错
B:对
正确答案:【对】
第五章 单元测试
1、单选题：An important financial institution that assists in the initial sale of securities in the primary market is the ( ).
A:central bank
B:investment bank
C:joint-equity bank
D:commercial bank
正确答案:【investment bank】
2、单选题：The New York Stock Exchange is the most important example of a ( ) financial market.
A:second
B:secondary
C:first
D:primary
正确答案:【secondary】
3、单选题：Capital markets are more frequently used for ( ) assets, which are those with maturities of greater than one year.
A:long-term
B:medium-term
C:short-term
D:medium-and long-term
正确答案:【long-term】
4、单选题：When a company issues public stock newly to investors through underwriting by investment bankers, this sale is called ( ).
A:a follow-on offering
B:an initial public offering
C:a listing
D:a private placement
正确答案:【an initial public offering】
5、多选题：The financial instruments used in capital markets include ( ), but the instruments used in the money markets include deposits, T-bills and bills of exchange.
A:repos
B:commercial papers
C:bonds
D:stocks
正确答案:【bonds
;stocks】
6、多选题：Private placement has advantages over other equity financing methods, including ( ).
A:reduced time
B:the ability to remain a private company.
C:reduced cost
D:less burdensome regulatory requirements
正确答案:【reduced time
;the ability to remain a private company.
;reduced cost
;less burdensome regulatory requirements】
7、判断题：Public offering is also called direct issuing as securities are not issued through intermediaries. （）
A:对
B:错
正确答案:【错】
8、判断题：An organized securities exchange is a location with a trading floor where all of the trading takes place under the rules formulated by the exchange. （）
A:错
B:对
正确答案:【对】
9、判断题：An IPO is a big step for a company. It provides the company with access to raising a lot of money. This gives the company a greater ability to grow and expand. （）
A:错
B:对
正确答案:【对】
10、判断题：An is the issuance of additional shares of stock after the issuing company has already had a follow-on offering. （）
A:对
B:错
正确答案:【错】
第六章 单元测试
1、单选题：A stockholder（）.
A:enjoys a priority over bondholders when the firm is in trouble
B:faces less risk than bondholder and therefore is more likely to make a great deal of money
C:earns a return from stock price increase or dividends
D:owns a percentage interest in a firm and therefore is a creditor of the firm
正确答案:【earns a return from stock price increase or dividends】
2、单选题：That a stockholder has the right of a residual claimant means（）.
A:stockholders have a claim on assets or income left over after all other claimants are satisfied
B:stockholders have no claim on assets left over after all other claimants are satisfied
C:all of the above
D:stockholders have a claim on assets before all other claimants are satisfied
正确答案:【stockholders have a claim on assets or income left over after all other claimants are satisfied】
3、单选题：Stocks（）.
A:have no maturity
B:guarantee their holders’ interest when the firm is in trouble
C:have a longer maturity than bonds
D:enable their holders to get rich even if the firm does not do well
正确答案:【have no maturity】
4、判断题：In a general sense the term negotiable securities is applicable to many forms of negotiable instruments including checks, bills of exchange, and bills of lading and so on.（）
A:对
B:错
正确答案:【对】
5、判断题：An equity holder is a residual claimant because they have no right to the management and profit of the company. （）
A:错
B:对
正确答案:【错】
6、判断题：Preferred stock is a special equity security that has properties of both an equity and a debt instrument and is generally considered a hybrid instrument.（）
A:对
B:错
正确答案:【对】
7、判断题：A callable preferred stock means that the holder has the right to sell the stock back to the issuer at a certain price.（）
A:错
B:对
正确答案:【错】
8、判断题：The potential profits from owning common stocks come primarily in two forms: dividends and capital gains when the stock price rises.（）
A:错
B:对
正确答案:【对】
9、判断题：Zero coupon bonds do not pay interest until the end of the maturity date. （）
A:错
B:对
正确答案:【错】
10、判断题：Floating-rate bonds are riskier than fixed rate bonds especially when inflation rate is high. （）
A:对
B:错
正确答案:【错】
第七章 单元测试
1、单选题：The main asset on a bank balance sheet is . ( )
A:capital and reserves
B:deposits
C:loans and overdrafts
D:cash
正确答案:【loans and overdrafts】
2、单选题：is also called bridge loan. ( )
A:Short-term loan
B:Credit card
C:Non-installment loan
D:Amortization loan
正确答案:【Non-installment loan】
3、单选题：In addition to financing the agricultural, commercial and industrial activities of the nation, commercial banks facilitate consumption by making loans. ( )
A:consumption
B:Fixed
C:consumer
D:short-term
正确答案:【consumer】
4、单选题：are not confined to buy or build real estate. ( )
A:Construction and development loans
B:Residential mortgage loans
C:Commercial real estate loans
D:Home equity loans
正确答案:【Home equity loans】
5、单选题：Under five-category loan classification, has potential weaknesses that deserve management’s close attention. ( )
A:substandard
B:doubtful
C:Loss
D:special mention
正确答案:【special mention】
6、判断题：The current ratio provides a more conservative measure of aggregate liquidity than quick ratio.（）
A:错
B:对
正确答案:【错】
7、判断题：Equity Multiplier measures the degree of financial leverage employed. The greater is the degree of leverage, the greater are the returns or risks to shareholders.（）
A:错
B:对
正确答案:【对】
8、判断题：Non-mortgage consumer loans are usually used to finance the purchase of durable goods.（）
A:错
B:对
正确答案:【对】
9、判断题：Collateral is the lender’s primary source of repayment or security in the case of default.（）
A:对
B:错
正确答案:【错】
10、判断题：Pricing of interest rate of international syndicated loan is basically the federal funds rate plus a spread.（）
A:错
B:对
正确答案:【错】
第八章 单元测试
1、单选题：___________, which describes a situation where market participation is affected by asymmetric information, affects the ability of markets to allocate credit by prices because it removes the lower-risk borrowers from the set of potential borrower. ( )
A:Moral hazard
B:Adverse selection
C:Credit rationing
D:Credit crunch
正确答案:【Adverse selection】
2、单选题：The effect of asymmetric information can be seen clearly in “___________”, which is proposed and illustrated by the economist . ( )
A:mass market
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