金融英语证书考试FECT模拟试题-1
(总分100, 考试时间90分钟)
SECTION ONE (Compulsory)：Answer all ten questions in this section. Each question carries 1 mark.
1. Multiple-choice questions: from the following four options, select
a correct and fill in its labeling the brackets. (A total of 10 points)
1.
Only what happens if the supply is less than demand? （）
A actual price is lower than the equilibrium price
B actual price is higher than the equilibrium price
C equilibrium price equivalent to the actual price
D eliminate the scarcity of goods
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答案:B
2.
When the Consumer income and established conditions for commodity prices is still, consumers can buy the two commodities to the greatest number of combinations. What did the Line call? （）
A No difference curve
B consumption may Line
C Line and its output
D enterprise budget line
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答案:A
3.
Opportunity cost: （）
A Is always measurable in money terms.
B Is an indicator of productivity performance.
C Relates peculiarly to business affairs alone.
D Measures the cost of doing "x" in terms of what else might be done.
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答案:D
4.
The normal downward slope of demand curves is necessarily explained by: （）
A Growth in the size of the population.
B The adroitness of advertisers.
C Limited spending power.
D Technological advance.
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答案:C
5.
For a closed two-good economy, the output of the two goods should be at the point where: （）
A The highest indifference curve touches the production possibility curve.
B The lowest indifference curve touches the production possibility curve.
C The indifference curve crosses the production possibility curve.
D The marginal cost curve touches the production possibility curve.
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答案:A
6.
The "J-curve" shows that following depreciation: （）
A The quantity of exports falls, making the current account balance worse.
B Here is an initial drop in imports but this is later reversed.
C The cost of imports rises immediately from the price effect,
worsening the current account balance, but later quantities of imports and exports respond and the current account balance improves.
D There is an improvement in the balance of payments so long as the
Marshall-Lerner conditions are met.
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答案:C
7.
Which of the following statements about standby letters of credit is true? :（）
A They can serve as a guarantee to a buyer against a seller defaulting
B They are contrary to the general rule that letters of credit may only be used for the actual movement of goods
C They are unlike a tender (or other) bond in their legal standing and method of operation
D They are unlike a tender bond with its fixed expiry date
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答案:A
8.
What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements? （）
A Cash provided by or used in financing activities
B Cash balance at the end of the period
C Total liabilities due to creditors at the end of the period
D Net income
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答案:C
9.
Which of these best describes the U.S. Federal Reserve? （）
