2023年金融英语(FECT)考试模拟卷（7）.docx

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1、2023年金融英语(FECT)考试模拟卷（7）本卷共分为2大题32小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共31题，每题2分。每题的备选项中，只有一个最符合题意） 1.The price of petrol increases and sales of tyres decrease. This reflects A Petrol and tyres are substitutes, and there is a strong income effect.BThe demand for tyres is inelastic.CTyres are inferior g

2、oods.DPetrol and tyres are complements, and there is also an income effect. 2.The maximum amount by which the banking system can expand the supply of money by lending is _. (a)20 billion. (b)150 billion. (c)300 billion. (d)500 billion. 3.For a profit-maximizing firm, the price level equals its margi

3、nal revenue (MR) when _. (a)in an oligopolistic market. (b)in a monopolistic situation. (c)in a perfectly competitive market. (d)sales rise with the increase in price level. 4.Opportunity cost:_AIs always measurable in money terms.BIs an indicator of productivity performance.CRelates peculiarly to b

4、usiness affairs alone.DMeasures the cost of doing x in terms of what else might be done. 5.Decreasing returns to scale may arise from _. (a)specialization of inputs. (b)duplication of plant and equipment at equal cost. (c)inefficiencies in management. (d)using inputs in unequal proportions. 6.The J-

5、curve shows that following depreciation:_AThe quantity of exports falls, making the current account balance worse.BHere is an initial drop in imports but this is later reversed.CThe cost of imports rises immediately from the price effect, worsening the current account balance, but later quantities o

6、f imports and exports respond and the current account balance improves.DThere is an improvement in the balance of payments so long as the Marshall-Lerner conditions are met. 7.The price elasticity of demand curve faced by a competitive firm is _. (a)0. (b)-1. (c)-. (d)1. 8.When one countrys potentia

7、l GDP is higher than its real GDP, this means _. (a)its exports are higher than its imports. (b)inflation is getting worse. (c)there exists some unemployment. (d)None of the above. 9.Suppose the demand for tea is very price-elastic. To increase revenue, the tea supplier should _ the price level. (a)

8、increase (b)decrease (c)not change (d)uncertain 10.Current deposits are money because they are _. (a)legal tender. (b)fiat money. (c)token money. (d)a medium of exchange. 11.When the Consumer income and established conditions for commodity prices is still, consumers can buy the two commodities to th

9、e greatest number of combinations. What did the Line call_ANo difference curveBconsumption may LineCLine and its outputDenterprise budget line 12.How much is the present value of a property paying 300 per year if the interest rate is 6% (a)300 (b)283.01 (c)319.15 (d)5000 13.Only what happens if the

10、supply is less than demand_Aactual price is lower than the equilibrium priceBactual price is higher than the equilibrium priceCequilibrium price equivalent to the actual priceDeliminate the scarcity of goods 14.The law of diminishing returns: ()AAssumes that there are changes taking place in product

11、ion techniques.BWill always result in a positive figure.CResults in average product equaling marginal product when the average product is at its maximum.DShows that the average product rises more rapidly than the marginal product. 15.Cutting taxes can lower investment through its impact on interest

12、rates. This is an example of the: () AIncome effect.BAccelerator effect.CCrowding out effect.DMultiplier effect. 16.The normal downward slope of demand curves is necessarily explained by:_ AGrowth in the size of the population.BThe adroitness of advertisers.CLimited spending power.DTechnological adv

13、ance. 17.The unemployment due to economic recession should be considered as _. (a)frictional unemployment. (b)structural unemployment. (c)cyclical unemployment. (d)seasonal unemployment. 18.If AD shifts to the right to adapt to oil shocks from OPEC, then _. (a)P and GDP will remain normal automatica

14、lly. (b)GDP may be unchanged although P will rise. (c)GDP will rise and P will drop. (d)the domestic P of oil will drop. 19.When one countrys potential GDP is higher than its real GDP, this means: () AIts exports are higher than its imports.BInflation is getting worse.CThere exists some unemployment

15、.DNone of the above. 20.What is the basic purpose of profits in our market economy_APay for wages and salaries of workers.B Lead businesses to produce what consumers want.CTransfer income to the wealthy.DAll of the above. 21.A countrys trade balance mainly depends on its _. (a)domestic savings. (b)d

16、omestic investment. (c)the countrys production capacity. (d)the countrys interest rate. 22.Income elasticity of demand for a particular product: ()AWill always have a positive measurement.BWill be of value to the Government in setting the coming years direct tax rates.CWill be unrelated to the possi

17、bility of changes in design of the product.DCould be affected by changes in levels of discretionary spending power. 23.Which of the following will NOT cause a shift in the demand for baseballs (a)Very good weather. (b)A decrease in the price of baseball hats. (c)The consumers expectations. (d)An inc

18、rease in the price of baseballs. 24.Which of these best describes the U.S. Federal Reserve_ AResponsible for monetary policy/money supplyBPrints money.C Keeps the country out of debt.DHelps people in need. 25.For a closed two-good economy, the output of the two goods should be at the point where:_A

19、The highest indifference curve touches the production possibility curve.BThe lowest indifference curve touches the production possibility curve.CThe indifference curve crosses the production possibility curve.DThe marginal cost curve touches the production possibility curve. 26.For a profit-maximizi

20、ng firm, the price level equals its marginal revenue (MR) when: () AIn an oligopolistic market.BIn a monopolistic situation.CIn a perfectly competitive market.DSales rise with the increase in price level. 27.Firms which specialize in helping companies raise capital by selling securities are called (

21、) Acommercial banksBinvestment banksCsavings banksDcredit unionsEall of the above 28.The FDIC presently insures deposits up to what amount () A$25,000 per accountB$50,000 per accountC $100,000 per accountD$1,000,000 per accountEUnlimited 29.The most liquid of all assets is ()AThe stock of commercial

22、 banksBM1CIntelligenceDThe debt of major corporations 30.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_ACash provided by or used in financing activitiesBCash balance at the end of the periodCTotal liabil

23、ities due to creditors at the end of the periodDNet income 31.Which of the following statements about standby letters of credit is true :_AThey can serve as a guarantee to a buyer against a seller defaultingBThey are contrary to the general rule that letters of credit may only be used for the actual

24、 movement of goodsCThey are unlike a tender (or other) bond in their legal standing and method of operationDThey are unlike a tender bond with its fixed expiry date 二、多项选择题（共31题，每题2分。每题的备选项中，有多个符合题意） 1.甲在某玉器店购买了一个手镯，手镯的标签标明该手镯系以新疆和田羊脂玉所造。某日，甲的朋友看到该手镯，认为该手镯并非新疆和田羊脂玉，为此，甲将手镯送到鉴定部门鉴定。经鉴定发现该手镯并非由玉所造，而是由翡翠所造。鉴定后，甲因忙于其他事务，一直没有找玉器店处理此事。距鉴定时间13个月之后，甲找玉器店要求退货，遭到拒绝后，甲向法院提起诉讼，要求退货。下列说法中正确的有_。A甲的诉讼请求应当得到满足，因为该合同纠纷没有超过诉讼时效B甲的诉讼请求不能得到满足，因为已经超过了撤销权的行使期间C甲的诉讼请求应当得到满足，因为甲的利益受到了损害D玉器店的行为属于欺诈行为E甲与玉器店的合同属于无效合同