网课知到金融英语智慧树答案

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