Once the letter of credit is issued at the request of the applicant, who undertakes primary liabilities to honor the complying presentation. ( )
A:Advising bank
B:Importer
C:Issuing bank
D:Exporter
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Before granting a credit line to a customer, banks must________ . ( )
A:consider his stocks
B:consider his profitability
C:consider his assets
D:consider his credit worthiness
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___is the recording, classifying, summarizing and interpreting of financial events and transactions that affect a business firm.（ ）
A:Marketing
B:Finance
C:Accounting
D:Bookkeeping
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( ) is a financial market in which securities that have been previously issued can be resold.
A:Capital market
B:Secondary market
C:Primary market
D:Money market
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Who has the right to vote for directors?（ ）.
A:Bondholders
B:Stockholders
C:Public
D:Investors
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______ must be carried out prior to the advance of a loan. ( )
A:Credit analysis
B:Loan execution
C:Loan administration
D:Credit review
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Suppose you deposit 1000 yuan in a bank for two years with the interest rate 3% per annum, then you will have yuan under a simple interest arrangement, and yuan under a compound interest rate arrangement at the end of the second year. ( )
A:1060 1090
B:1060 1060.9
C:1030 1030.9
D:1030 1060
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In small business lending, if the bank posts a lending rate that reflects the average risk of the borrowers in the market, it will draw more ______. ( )
A:high return borrowers
B:high creditworthy borrowers
C:low risk borrowers
D:less creditworthy borrowers
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When Honda, a Japanese auto maker, built a factory in Ohio, ____. ( )
A:It was engaged in foreign direct investment
B:It was engaged in portfolio investment
C:None of the above.
D:It was engaged in a cross-border acquisition
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The factor may grant financing to the client prior to the maturity of the invoice by（ ）.
A:indicating that the invoice is payable to the factor
B:purchasing the latter's accounts receivables
C:sending a copy of invoice to the factor
D:collecting payment from the client's customer
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Which of the following statement about usance credit is incorrect ( )
A:The great advantage is that the beneficiary can receive payment immediately.
B:It is used where a buyer and a seller have close working relationship.
C:The beneficiary, when presenting the documents, would not receive immediate cash.
D:The seller is financing the purchase by allowing the buyer a grace period for payment.
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In the primary market, the initial price is set by ( ), while in the secondary market, the price is determined by the supply and demand of buyers and sellers.
A:investment banks
B:commercial banks
C:central banks
D:businesses.
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A US company is looking to acquire Japanese and a Japanese company is looking to acquire U.S. dollars, these two companies could perform a _______. Because the Japanese company likely has better access to Japanese debt markets and could get more favorable terms on a yen loan than if the U.S. company went in directly to the Japanese debt market itself, and vice versa in the United States for the Japanese company. （ ）
A:currency forward contract
B:currency option contract
C:currency futures contract
D:currency swap
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Generally, currency is classified into______in the money supply of our country. ( )
A:M2
B:M0
C:M1
D:M3
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Capital market securities tend to be ( ), higher yields, higher risks and lower liquidity compared with those in money markets.
A:longer maturity
B:lower yields
C:lower returns
D:shorter maturity
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In the case of（ ）factoring, if account receivables are not collected on due date for the reason of the buyer's financial inability, factors will assume the seller's loss.
A:export
B:import
C:recourse
D:non-recourse
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Which one is not correct? ( )
A:D/A is favorable to the seller.
B:D/A is favorable to the buyer.
C:D/A means that the documents representing the documents will be released to the buyer once the buyer has accepted the draft.
D:D/A means Documents against Acceptance.
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Which of the following is not the insurance principle? ( )
A:principle of fortuity
B:principle of indemnity
C:principle of insurable interest
D:principle of subrogation
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（ ）can personalize trust funds according to their needs and specifications.
A:trustee
B:factors
C:grantors
D:beneficiary
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Money market is a financial market in which only ( ) debt instruments (normally maturity of one year or less) are traded.
A:medium-and long-term
B:long-term
C:medium-term
D:short-term
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