2012年金融英语证书考试FECT模拟试题及答案-2

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1、2012年金融英语证书考试FECT模拟试题及答案-2模拟试题SECTIONONE(Compulsory):Single-choicequestions.　　Fromthefollowingfouroptions,selectacorrectandfillinitslabelingthebrackets.(Atotalof10points)　　1）WhichofthefollowingwillNOTcauseashiftinthedemandforbaseballs?()　　A.Verygoodwe

2、ather.　　B.Adecreaseinthepriceofbaseballhats.　　C.Theconsumers’expectations.　　D.Anincreaseinthepriceofbaseballs.　　2）Decreasingreturnstoscalemayarisefrom()　　A.Specializationofinputs.　　B.Duplicationofplantandequipmentatequalcost.　　C.Inefficienciesinmanage

3、ment.　　D.Usinginputsinunequalproportions.　　3）Ifthemarginalrateoftechnologicalsubstitution(MRTS)ismorethanthepriceratiooflaborovercapital(w/r),thentominimizecostthefirmshould___theinputofcapitaland___theinputoflabor.　　A.Increase,decrease　　B.Decrease,in

4、crease　　C.Decrease,decrease　　D.Increase,increase　　4）Thepriceofagoodchanges,boththesubstitutioneffectandtheincomeeffectreinforceeachother,thenthegoodisa(n)()　　A.Normalgood.　　B.Inferiorgood.　　C.Giffengood.　　D.Noneoftheabove　　5)WhatmarketistheMostinneedo

5、ftheadvertising?()　　A.Fullycompetitivemarket　　B.Monopolizemarket　　C.Competitivemonopolymarket　　D.Oligopolymarket　　6)AmericaneconomistModigliani’slife-cyclehypothesisisthat:()　　A.basedonthecurrentincometomakeconsumerdecisions　　B.Worktimeafterretirement

6、savingsfortheconsumerfinance　　C.basedonincometomakethelastingconsumingdecision-making　　D.revenueintheconsumerdurablebasisfordecision-makingtotheimpactoftemporaryrevenueestimatesintoaccount　　7）Accordingtotherulesofdebitandcreditforbalancesheetaccounts:

7、()　　A.Increasesinasset,liability,andowner’sequityaccountsarerecordedbydebits　　B.Decreasesinassetandliabilityaccountsarerecordedbycredits　　C.Increasesinassetandowner’sequityaccountsarerecordedbydebits　　D.Decreasesinliabilityandowner’sequityaccountsarer

8、ecordedbydebits265　　8）Individualswillacceptthemediumofexchangeinreturnforgoodsandservicesonlyiftheyareconfidentthat:()　　A.Theinflationrateiszero　　B.Itpossessesintrinsicvalue　　C.Theycanpassitontoothers　　D.Theycanexchangeitforgold　　9）Thepricesof