3Whenacountryrunsaforeigntradedeficitunderaflexibleforeignexchangeratesystem,its.importsautomaticallyincreasecurrencyautomaticallydepreciatesexportsautomaticallydeclinecurrencyautomaticallyappreciatesWhichofthefollowingstatementsisnottrueofaccounting?______.A.AccountingislanguageofbusinessB.Theuserofaccountingincludesbusiness,government,nonprofitorganizationsandindividuals.C.AccountingisusefulfordecisionmakingD.AccountingisanendratherthanameanstoanendThetermforeignexchangeisbestdefinedbythefollowingstatement:itis______.A.therateofexchangebetweentwocurrenciesB.synonymouswithcurrencyexchangeC.theplaceinwhichforeigncurrenciesisexchangedD.aninstrumentsuchaspapercurrency,note,andcheckusedtomakepaymentsbetweencountries4.WhatisAssetAllocation?______.A.Buyingassetsofdifferenttypes,risks,andpotentialreturnsB.BuyingassetswithmorethanonebrokerageaccountC.TheabilitytobuymutualfundsD.BuyingstocksforthelongtermExternalusersoffinancialaccountinginformationincludeallofthefollowingexcept.A.suppliersB.linemanagersC.generalpublicD.creditorsCAPMisshortfor.A.CapitalAssetPricingModelB.CashAddedPriceMatrixC.CapitalAssetPricingMatrixD.CostandPriceModelLiquiditymeasuresthe______.A.valueofanassetB.easewithwhichanassetcanbeexchangedC.usefulnessofanassetD.economicandmonetaryreliabilityofanassetcomparedwithotherassets8.Inaletterofcredittransaction,thebankpaystheselleragainst______whichagree(s)with______.A.documents...thecreditB.merchandise...thecontractC.documents...thecontractD.merchandise...thebuyerordered9.Abartereconomyisonethatdoesnotpossess_______.13A.anywealthB.printedcurrencyC.amediumofexchangeD.gold10.Whichofthefollowingisnottrueofairwaybill?______.A.Whengoodsaredeliveredtotheairline,theairwaybillissignedbythemortheiragentsasareceiptofthegoodsB.AirwaybillisadocumentoftitletothegoodsC.AirwaybillmayalsoprovideevidenceofdespatchofthegoodswhereithasbeenstampedindicatingdetailsoftherelevantflightD.NoneoftheaboveWhichofthefollowingisnottrueofairwaybill?______.A.Whengoodsaredeliveredtotheairline,theairwaybillissignedbythemortheiragentsasareceiptofthegoodsB.AirwaybillisadocumentoftitletothegoodsC.AirwaybillmayalsoprovideevidenceofdespatchofthegoodswhereithasbeenstampedindicatingdetailsoftherelevantflightD.NoneoftheaboveThevalueofmoneyvaries_____.A.directlywiththeunemploymentrateB.directlywiththepricelevelC.inverselywiththeunemploymentD.inverselywiththepricelevelTheeconomicsnewsonthetelevisionreportsthatthedollarhasstrengthenedrelativetotheJapaneseyen.Thismeansthat______.A.thedollarhasdepreciatedrelativetotheyenB.thedollarcannowpurchasemoreyenC.theyencannowpurchasemoredollarsD.theUStradebalancewiththeJapaneseeconomyhasimproved13.Thetheoryofinternationalexchangethatholdsthatexchangeratesaresetsothatthepriceofsimilargoodsindifferentcountriesisthesameisthe______.A.pricefeedbacktheoryB.tradefeedbacktheoryC.purchasingpowerparitytheoryD.J-curvetheoryAccordingtotheoptimalportfoliotheory,whereshouldportfolioslie?______.A.OntheefficientfrontierB.AbovetheefficientfrontierC.UndertheefficientfrontierD.Anywhere,aslongastheportfolioisdiversifiedWhichofthefollowingisnotauserofmanagementaccountinginformation?______.A.StoremanagerB.CreditorC.CEO13D.CFO16.Basedonthescenariosbelow,whatistheexpectedreturnforaportfoliowiththefollowingreturnprofile?______.MarketConditionBearNormalBullProbability020.305Rateofreturn—25%10%24%4%10%20%25%UsethefollowingexpectationsonStocksXandYtoanswerquestions17through19(roundtothenearestpercent).BearMarketNormalMarketBullMarketProbabilityStockX_-20%18%50%StockY-15%20%10%Financialmarketsservetochannelfundsfrom______.A.thegovernmenttocontractorsB.investorstoconsumersC.consumerstoproducersD.saverstoinvestorsTheagreementsthatwerereachedattheBrettonWoodsconferencein1944establishedasystem.A.ofessentiallyfixedexchangeratesunderwhicheachcountryagreedtointerveneintheforeignexchangemarketwhennecessarytomaintaintheagreed-uponvalueofitscurrencyB.offloatingexchangeratesdeterminedbythesupplyanddemandofonenation’scurrencyrelativetothecurrencyofothernationsC.thatprohibitedgovernmentsfrominterveningintheforeignexchangemarketsD.inwhichthevaluesofcurrencieswerefixedintermsofaspecificnumberofouncesofgold,whichinturndeterminedtheirvaluesininternationaltrading19.Whichofthefollowingstatementsisnotconsistentwithgenerallyacceptedaccountingprinciplesrelatingtoassetvaluation?.A.AssetsareoriginallyrecordedinaccountingrecordsattheircosttothebusinessentityB.Accountantsprefertobasethevaluationofassetsuponobjective,verifiableevidenceratherthanuponappraisalsorpersonalopinionC.Accountantsassumethatassetssuchasofficesupplies,landandbuildingswillbeusedinbusinessoperationsratherthansoldatcurrentmarketpricesD.Subtractingtotalliabilitiesfromtotalassetsindicateswhattheowner’sequityinthebusinessisworthundercurrentmarketconditionsAfiscalexpansionintheUK______thepoundsterling.A.tendstoappreciateB.tendstodepreciateC.doesnotaffectthepriceof13D.hasnopredictableeffectonthepriceof答案：1.B2.D3.D4.A5.B6.A7.B8.A9.C10.B11.D12.B13.C14.A15.B16.B17.A18.