2000年金融外语FECT初级考题及答案.pdf

FECT 初级 2000 年考题及答案 Reading Part Two Section One (10%) Direction ：There are ten statements in this section. For each statement there are four choices marked A, B, C, and D. You should choose the best answer and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center. 31. Since April 1994, the RMB exchange rate has been determined by__________. A. the China foreign Exchange Trading System B. the People’s Bank of China C. supply and demand as well as trading situations in the China Foreign Exchange Swap Market D. supply and demand as well as trading situations in the unified interbank foreign exchange market 32. If near money is to be used directly to purchase goods or services,it must be________. A. permitted by the business company B. endorsed by the holder C. drawn from a bank first D. converted into cash or sight deposit 33. Which of the following is not one of the function of money? A. Medium of exchange B. Store of value C. Financial assets D. Standard for deferred payment 34. Unless otherwise stated in the letter of credit, banks will not accept_________ presente d by the beneficiary. A. the open cover B. the cover note C. the insurance certificate D. the insurance policy 35. Factoring provides the following services except _____________. A. maintenance of the sales ledger B. collection of accounts receivable C. 100% non-recourse finance to the seller despite commercial disputes between the seller and the buyer D. credit risk protection on the buyer 36. When the exported goods are insured under an open cover agreement, _______is the most appropriate document as evidence of insurance. A. an open policy B. an insurance certificate C. an insurance policy D. an inspection certificate 37. Advances to the importer can be given in the following ways except__________ . A. limits for issuing letters of credit B. inward bills receivable C. packing loans