Directions: There are ten statements in this section. For each statement there are four choices marked A，B，C，D. You should choose the best answer.
　　1. The fixed exchange rates system suggested that no change in parity could take place without the Fund’s approval which however could not be withheld if the change did not exceed ______.
　　 A. 5%　 B. 10% 　 C. 15% 　 D. 20%
　　2. If spot exchange rate today is ￡1=USD1.4 and forward exchange rate (one year) is ￡ 1=USD1.3440, then ____.
　　 A. forward discount on pound is 4%　 B. forward premium on pound is 4%
　　C. forward discount on pound is 4.17% 　 D. forward premium on pound is 4.17%
　　3. The balance sheet is a statement of the financial position ______.
　　 A. at a specified point in time　 B. during a particular period 　 C. for a year 　 D. none of all
　　4. ______ is the foundation of private accounting, which analyzing a business’s costs to help managers control expenses.
　　 A. Budgeting　 B. Management information system
　　C. Internal auditing cost accounting 　 D. Cost accounting
　　5. When operations produce a positive cash flow, we say there is ______ .
　　 A. a net inflow
　　B. a net outflow
　　C. a swap position
　　D. a square cash position
　　6. The most volatile accounts in recent years have been ______.
　　 A. the current accounts
　　B. the trade accounts
　　C. the short-term capital account
　　D. the long-term capital accounts
　　7. Sales total USD400, 000, cost of good sold is USD225, 000, and operating expenses are USD10, 000, how much is gross margin?
　　 A. USD30, 000　 B. USD15, 000 　 C. USD35, 000 　 D. USD5, 000
　　8. If China has a favorable movement in the balance of payments, then ______.
　　 A. the exchange rate will appreciate
　　B. the exchange rate will depreciate
　　C. the RMB exchange rate will appreciate
　　D. the foreign exchange rate will depreciate
　　9. ______ exchange rates system has the advantage of avoiding the competitive depreciation of exchange rates.
　　 A. Floating　 B. Managed floating 　 C. Fixed 　 D. Flexible
　　 10. ______ exchange rates system has the advantage of being free to carry out an independent monetary policy, without too much attention to the balance of payments.
　　A. Floating　 B. Pegged 　 C. Fixed 　 D. Any

　　一套练习不够，还要练习更多套卷>>