金融专业英语证书考试FECT模拟试题及答案5.docx

2012年金融专业英语证书考试FECT模拟试题及答案-5
SECTIONONE(Compulsory)：Single-choicequestionsfromthefollowingfouroptions,selectacorrectandfillinitslabelingthebrackets.(Atotalof10points)1.WhichbelongstotheTighteningoffiscalpolicytools?()A.ReducegovernmentspendingandincreasetaxrevenueB.ReducegovernmentspendingandreducetaxesC.IncreasinggovernmentspendingandreducingtaxesD.Increaseingovernmentexpenditureandincreasetaxrevenue2.WhatmarketistheMostinneedoftheadvertising?()A.FullycompetitivemarketB.MonopolizemarketC.CompetitivemonopolymarketD.Oligopolymarket3.Thevalueofnationaloutput:()A.Isthesameoftheoutputofallbusinesses.B.Istheaggregateofoutputofemployedpersons.C.Issynonymouswithaggregatemanufacturingoutput.D.Utilizesthe"addedvalue"concept.4.WithC=10+0.7Yandthelevelofincomechangingfrom$70billionto$80billion,theincreaseinconsumptionandtherevisedaveragepropensitytoconsume(ape)respectivelywouldbe:()A.$9billionand0.78.B.$6billionand0.8.C.$7billionand0.79.D.$7billionand0.825.5.Whichofthefollowinggoodsislikelytohavethemostelasticdemand?()A.Aparticularbrandofbreakfastcereal.B.Breakfastcerealsingeneral.C.Averycheapgoodonwhichnotmuchisspent(e.g.matchesnewspaper).D.Anessentialgood.6.SchoolstudentspayingalowerfarethanadultsontheMTRtrains,orcheaperticketstothetheatre,isanexampleof:()A.Thesuppliersmakinglessprofitbecausesomecustomerspayalowerprice.B.Consumersobtainingmoreconsumersurplus.C.Pricediscriminationallowingthesupplierstomakemoreprofitfromchargingahigherpricetocustomerswhosedemandismoreelastic.D.Pricediscriminationallowingthesupplierstomakemoreprofitfromchargingalowerpricetocustomerswhosedemandismoreelastic.7.Afuturestradergoeslongonefuturescontractat$450.Thesettlementprice1daybeforeexpirationis$500.Onexpirationday,thefutureistradingat$505.Theleastlikelywaythefuturestraderwilllockinherprofitsonexpirationis:()A.Takedeliveryoftheunderlyingassetandpay$500totheshort.B.Closeoutthefuturespositionbysellingthefuturescontractat$505.C.Takedeliveryoftheunderlyingassetandpaytheexpirationsettlementpricetothe