金融专业英语证书考试FECT单选练习20题-1

第一篇：金融专业英语证书考试FECT单选练习20题-1

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金融专业英语证书考试FECT单选练习20题-1

1．Commercial paper ______．

A．is issued mainly by commercial banks

B．can be either short or long－term debt

C．is most typically issued in very short maturities，such as one or two months

D．ought to be considered a capital market instrument

2．The expectations hypothesis assumes that investors regard bonds of different maturities ______．

A．as perfect substitutes

B．as not substitutes at all C．as substitutes，but not perfect substitutes D．none of the above

3．If the yield on Treasury bills falls from 5．27% to 5．22%，then the yield will decrease by ______ basis points．

A．0．05

B．0．5

CD

4．Liquidity of a business is measured by ______．

A．the rate of return on owner equity

B．the ratio of total revenue to total expenses incurred

C．the ratio of current assets to current liabilities

D．the ratio of income to costs

5．Which of the following is an example of an automatic stabilizer? ______．

A．A change in interest rates

B．An increase in government spending

C．Lowering income taxes

D．Unemployment insurance

6．Which of the following definitions fits depreciation? ______．

A．Allocation of the asset's market value to expense over its useful life

B．Allocation of the asset's cost to expense over its useful life

C．Decreases in the asset's market value over its useful life

D．Increases in the fund set aside to replace the asset when it is worn out

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7．In the balance of payments accounts，______ are unilateral transfers．

A．direct investments in another nation's businesses

B．international transactions in securities with maturities greater than one year

C．international transactions of securities with maturities of less than one year

D．gifts and grants

8．A self－employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in ______．

A．a money market mutual fund

B．a time deposit

C．Keogh Plan

D．a money market deposit account

9．The central problem in economics is that of______．

A．comparing the success of command versus market economies

B．guaranteeing that production occurs in the most efficient manner

C．guaranteeing a minimum level of income for every citizen

D．allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible

10．A．Coupon rate

B．Yield to maturity

C．Current yield

D．Discount yield

11．Which of the following is a determinant of asset demand? ______．

A．Expected return

B．Risk

C．Liquidity

D．All of the above

12．Which of the following items are reported as a current liability on the balance sheet? ____．

A．Short－term notes payable

B．Accrued payroll taxes

C．Estimated warranties

D．All of the above

13．Which of the following is not true of fiscal policy? ______．

A．Time lags occur with fiscal policy．

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B．Automatic stabilizers help the economy．

C．“Crowding out” is not a problem of fiscal policy．

D．None of the above．

14．What distinguishes the mortgage markets from other capital markets? ______．

A．Securities in the mortgage markets are collateralized by real estate

B．The mortgage markets usually involve long－term funds

C．Borrowers in the mortgage markets include individuals and businesses

D．All of the above

15．The process of closing the business，selling the assets，paying the liabilities，and disbursing remaining cash to the owners is called ______．

A．withdrawal

B．liquidation

C．acquisition

D．dissolution

16．When an investor is buying stock as an investment，the value of most direct concern is ______．

ABC．market value

D．book value

17．Autonomous transactions are ______．

A．transactions undertaken by governments to enforce a price（exchange rate）in the foreign exchange market

B．transactions that are not undertaken in the pursuit of commercial profit

C．transactions undertaken for normal commercial motives

D．none of the above

18．If taxes decrease，which of the following correctly describes the effects? Disposable income______ consumption ______，and savings ．

A．increases．．．decreases．．．decreases

B．increases．．．increases．．．increases

C．decreases．．．increases．．．increases

D．decreases．．．decreases．．．decreases

19．A successful company's major source of cash should be ______．

A．operating activities

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B．financing activities

C．investing activities

D．a combination of the above

20．The price index in 2002 was 160，and in 2003 the price index was 168．What was the inflation rate? ______．

A．68%

B．8%

C．5%

D．indeterminable without knowing the base year

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第二篇：金融专业英语证书(FECT)

金融专业英语证书（FECT）

第一家国家级行业性英语证书考试，本考试的证书不是入行资格，但可作为在金融部门从事相应的涉外业务工作、涉外培训、职称评定和各类毕业学生进入金融部门就业等方面的参考依据。

懂英语及金融的人才相对较少，与国际接轨，逐步会成为进入金融行业工作的重要参考。考试相关概况

考试内容：针对不同程度，分为初级（银行综合类）、中级、高级（目前尚未开考）三种程度，通过者获得相应级别的证书。

考试时间：每年一次，5月到6月间

证书的获得：初级按分为A、B、C三类证书。中级要求应试者四年内通过《经济学》、《会计学》、《银行业务》、《法律》4科考试及相关听力。

至今没有高级

通过率及难度

从1995年开始试考至2004年，全国报考金融专业英语证书考试的共有181098人（次），其中122006人（次）报考初级（银行综合类）考试，23043人取得合格证书，通过率为18.8%

59092人（次）报考银行类中级考试，8845人（次）取得单科合格证书，通过率为14.9%，近700人取得中级合格证书。

中级含金量较高

备考安排

通过四六级考试的，需要三个月左右。其中一个月金融专业的了解和金融知识储备，如国际金融、货币银行学、国际经济、会计学的基本内容以及对相关法律的基本认识，专业词汇的准备。

中级在专业领域的深度和广度要更大，对银行业务的实际操作有一些要求，而大学生受到的专业教育跟实际操作是脱钩的，接受相关的培训是有必要的，也是补充这方面欠缺的有效手段。

第三篇：金融专业英语证书考试FECT判断练习25题

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金融专业英语证书考试FECT判断练习25题

26．As a general rule，the shorter the maturity of an asset and the more readily it can be sold，the more liquid is the asset．

A．True

B．False

27．Investors in the capital markets are not subject to any tax on their investments．

A．True

B．False

28．CMO is a security backed by a pool of pass－through rates，structured so that there are several classes of bondholders with varying maturities，called tranches．

A．True

B．False

29．The purpose of the letter of credit is to facilitate trade，typically international trade by substituting the known credit worthiness of a bank for the buyer，which may be unknown or unacceptable to the seller．

A．True

B．False

30．According to the Phillips Curve，the economy cannot be at full employment and stable

A

B．False

31．When total reserves are equal to required reserves，the banking system cannot extend loans anymore．

A．True

B．False

32．A bill of lading that covers the shipment of goods on two separate vessels is known as thorough bill of lading．

A．True

B．False

33．Usually the more liquid asset is less risky．

A．True

B．False

34．Where the bill of exchange is not accompanied by documents，these having been sent to the importer，the transaction is known as a clean collection．

A．True

B．False

35．The velocity of money is the speed with which it can be converted into a liquid asset．

A．True

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B．False

36．Primitive securities yield returns that depend on additional factors pertaining to the prices of other assets，while a derivative security offers returns based only on the status of the issuer．

A．True

B．False

37．A car loan offered by a bank is a derivative security．

A．True

B．False

38．Options give buyers the obligation to buy or sell an asset at a present price over a specific period．

A．True

B．False

39．Futures contracts usually end in the delivery of the underlying commodity．

A．True

B．False

40．The forward exchange rate is the current spot rate adjusted for the interest rate differentials．

A．True

B．False

．e．，．

A．True

B．False

42．Every transaction must produce a debit and credit entry of the same financial amount．

A．True

B．False

43．There are three parties to a life policy in addition to the issuing company： the insurer，the life assured and the beneficiary．

A．True

B．False

44．A guarantee is an agreement that may be evidenced in writing or in oral form．

A．True

B．False

45．An insurable interest is assumed where people take life assurance on their own lives or where the relationship is that of husband and wife．

A．True

B．False

46．Profit does not equal cash and some profitable businesses have failed for want of cash．

A．True

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B．False

47．Bills are negotiated with recourse to customers in the event of nonpayment．

A．True

B．False

48．A firm's gearing is the level of fixed assets as a percentage of total assets．

A．True

B．False

49．A bank must obtain a judgment if it wishes to pursue its legal remedies against a debtor．

A．True

B．False

50．When a country borrows from abroad，its balance of international payments shows an outflow of foreign exchange．

A．True

B．False

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第四篇：金融专业英语证书考试常用词汇

金融专业英语证书考试常用金融词汇总结

account number 帐目编号depositor 存户

pay-in slip 存款单

a deposit form 存款单

a banding machine 自动存取机

to deposit 存款

deposit receipt 存款收据

private deposits 私人存款

certificate of deposit 存单

deposit book, passbook 存折

credit card 信用卡

principal 本金

overdraft, overdraw 透支

to counter sign 双签

to endorse 背书

endorser 背书人

to cash 兑现

to honor a cheque 兑付

to dishonor a cheque 拒付

to suspend payment 止付

cheque,check 支票

cheque book 支票本

order cheque 记名支票

bearer cheque 不记名支票

crossed cheque 横线支票

blank cheque 空白支票

rubber cheque 空头支票

cheque stub, counterfoil 票根

cash cheque 现金支票

travelers cheque 旅行支票

cheque for transfer 转帐支票

outstanding cheque 未付支票

canceled cheque 已付支票

forged cheque 伪支票

Bandar s note 庄票，银票

balance sheet 资产负债表

cash flow 现金流转

glossary 术语表

money order 汇款单，汇票

letter of credit n.[商](银行发行的)信用证charge for 想...收费

overdraft n.透支, 透支之款项

endorse v.在(票据)背面签名, 签注(文件), 认可, 签署

liability n.责任, 义务, 倾向, 债务, [负债], 与assets相对asset n.[资产], 有用的东西

solvent adj.有偿付能力的 n.溶媒, 溶剂, 解决方法securities n.有价证券

time hull insurance 船舶定期保险

marine insurance 海损保险

maritime transportation insurance 海洋运输保险

fire insurance 火险

cargo insurance 货物保险

第五篇：金融专业英语证书考试制度

金融专业英语证书考试制度（Financial English Certificate Test,简称FECT）, 金融英语证书考试（FECT）共设两级，分别为FECT综合考试和FECT高级考试。FECT考试每年举办一次，考试成绩可用作金融系统员工录用、职称评定、职务晋升及出国培训人员或外派人员专业英语水平的参考证明。

金融英语证书考试（FECT）共设两级，分别为FECT综合考试和FECT高级考试。FECT考试每年举办一次，考试成绩可用作金融系统员工录用、职称评定、职务晋升及出国培训人员或外派人员专业英语水平的参考证明。金融英语证书考试（FECT）共设两级，分别为FECT综合考试和FECT高级考试。FECT考试每年举办一次，考试成绩可用作金融系统员工录用、职称评定、职务晋升及出国培训人员或外派人员专业英语水平的参考证明。

一、金融英语证书考试（FECT）综合考试

金融英语证书考试（FECT）共设两级，分别为FECT综合考试和FECT高级考试。FECT考试每年举办一次，考试成绩可用作金融系统员工录用、职称评定、职务晋升及出国培训人员或外派人员专业英语水平的参考证明。

二、金融英语证书考试（FECT）高级考试

金融英语证书考试（FECT）高级考试主要面向金融系统业务及管理岗位人员、大专院校学生及其他有志于从事金融事业的人员。获FECT综合考试证书的考生方可参加FECT高级考试。FECT高级考试主要内容为现代金融理论及实务操作、现代银行业务和管理、现代证券和保险业务以及专业口语等。FECT高级考试包括笔试和专业口语考试两部分，笔试科目两门（必考一门、专业选考一门），不含听力。必考科目为《现代金融理论与实务》；专业选考科目为《银行业务与管理》、《保险与证券业务》，两科任选一科。高级考试必考科目、选考科目及专业口语考试可同时报考，单科成绩合格者获得单科合格证书，单科成绩六年有效。必考科目、选考科目及专业口语考试三科考试成绩全部合格者均获FECT高级证书。