金融专业英语证书考试FECT模拟试题及答案6-豆柴文库

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2012年金融专业英语证书考试FECT模拟试题及答案-6
SECTIONONE(Compulsory)：Answeralltenquestionsinthissection.Eachquestioncarries1mark.1.Multiple-choicequestions:fromthefollowingfouroptions,selectacorrectandfillinitslabelingthebrackets.(Atotalof10points)1.Supposethedemandforteaisveryprice-elastic.Toincreaserevenue,theteasuppliershould___thepricelevel.A.IncreaseB.DecreaseC.NotchangeD.Uncertain2.WhichofthefollowingwouldNOTcauseashiftupwardoftheconsumptionschedule?()A.Anincreaseinhouseholdwealth.B.Anexpectationofrisingincomesinthefuture.C.Areductioninincometaxes.D.Anincreaseinhouseholddisposableincome.3.Anincreaseof$1,000inbankdepositswill:()A.Resultinahigherlevelofinflation.B.Meanproportionatelyincreasedbankprofits.C.Facilitatethecreditcreationprocess.D.Bringaboutgovernmentinterventionintheworkingofthebankingsystem.4.ArisingforeignexchangerateforcountryXwill:()A.ResultinariseinX’sRPI.B.BelikelytoraisetheemploymentlevelinX.C.FavorthoseholidayinginXfromabroad.D.EaseinflationarypressureswithX.5.Cuttingtaxescanlowerinvestmentthroughitsimpactoninterestrates.Thisisanexampleofthe:()A.Incomeeffect.B.Acceleratoreffect.C.Crowdingouteffect.D.Multipliereffect.6.Whichoneofthefollowingisthemostwidelyusedmeasureofinflation?()A.TheConsumerPriceIndex.B.TheIndexofLeadingEconomicIndicators.C.Theprimerate.D.TheFederalFundsrate.7.Youhavejustwonthelottery(congratulations!)andaregiventheoptionofreceiving$2,000,000noworanannuityof200,000attheendofeachyearforthirtyyears.Whichofthefollowingiscorrect?()(assumeyouaremakingthedecisionbasedonpresentvalues)A.Youcannotchoosebetweenthetwowithoutfirstcomputingfuturevalues.B.Youwillalwayschoosethelumpsumregardlessofinterestrates.C.Comparingthefuturevalueofeachwillleadtothesamedecisionascomparingpresentvalues.D.Youwillalwayschoosetheannuity.E.Youwillchoosethelumpsumifinterestratesare7%.8.Acompanybuys10itemsatapriceof£200each,allon14daysfreecredit.Itthensellsonthenextday5unitsfor£350each.Oneitemwassoldforcash,theremainderon21daysfreecredit.Whateffectdothesetransactionshaveonth