2012年金融专业英语证书考试fect模拟试题及答案-7

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1、www.TopSage.com大家网11/112012年金融专业英语证书考试FECT模拟试题及答案-7SECTIONONE(Compulsory)：Answeralltenquestionsinthissection.Eachquestioncarries1mark.　　1.Multiple-choicequestions:fromthefollowingfouroptions,selectacorrectandfillinitslabelingthebrackets.(Atotalof10points)　　1.Supposethedeman

2、dforteaisveryprice-elastic.Toincreaserevenue,theteasuppliershould___thepricelevel.　　A.Increase　　B.Decrease　　C.Notchange　　D.Uncertain　　2.WhichofthefollowingwouldNOTcauseashiftupwardoftheconsumptionschedule?()　　A.Anincreaseinhouseholdwealth.　　B.Anexpectationofrisingincomesint

3、hefuture.　　C.Areductioninincometaxes.　　D.Anincreaseinhouseholddisposableincome.　　3.Anincreaseof$1,000inbankdepositswill:()　　A.Resultinahigherlevelofinflation.　　B.Meanproportionatelyincreasedbankprofits.　　C.Facilitatethecreditcreationprocess.　　D.Bringaboutgovernmentintervent

4、ionintheworkingofthebankingsystem.　　4.ArisingforeignexchangerateforcountryXwill:()　　A.ResultinariseinX’sRPI.　　B.BelikelytoraisetheemploymentlevelinX.　　C.FavorthoseholidayinginXfromabroad.　　D.EaseinflationarypressureswithX.　　5.Cuttingtaxescanlowerinvestmentthroughitsimpacton

5、interestrates.Thisisanexampleofthe:()　　A.Incomeeffect.　　B.Acceleratoreffect.　　C.Crowdingouteffect.　　D.Multipliereffect.　　6.Whichoneofthefollowingisthemostwidelyusedmeasureofinflation?()　　A.TheConsumerPriceIndex.　　B.TheIndexofLeadingEconomicIndicators.　　C.Theprimerate.　　D.Th

6、eFederalFundsrate.　　7.Youhavejustwonthelottery(congratulations!)andaregiventheoptionofreceiving$2,000,000noworanannuityof200,000attheendofeachyearforthirtyyears.Whichofthefollowingiscorrect?()(assumeyouaremakingthedecisionbasedonpresentvalues)更多精品在大家！http://www.TopSage.com大

7、家网，大家的！www.TopSage.com大家网11/11　　A.Youcannotchoosebetweenthetwowithoutfirstcomputingfuturevalues.　　B.Youwillalwayschoosethelumpsumregardlessofinterestrates.　　C.Comparingthefuturevalueofeachwillleadtothesamedecisionascomparingpresentvalues.　　D.Youwillalwayschoosetheannuity.　　

8、E.Youwillchoosethelumpsumifinterestratesare7%.　　8.Acompanybuys10itemsatapriceof£20