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1、2023年上海金融英语考试考前冲刺卷本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.Price discrimination is most likely an attempt by a monopoly to:（）A. resell a product.B. capture a producer surplus.C. capture a consumer surplus.2.If 60-day London Interbank Offered Rate (LIBOR) is 6 perce
2、nt, the interest on a 60-day LIBOR-based Eurodollar deposit of $990000 is:AA. $10000.BB. $9900.CC. $60000. 3.An energy analyst forecasts that the price per barrel of crude oil five years from now will range between $ 75 and $105. Assuming a continuous uniform distribution, the probability that the p
3、rice will be less than $ 80 five years from now is closest to:（）A. 5.6%.B. 16.7%.C. 44.4%.4.Financial markets have grown more _ since exchange rates were freed in 1973.AweakBliquidCvoidDvolatile 5.One of the main advantages to investing in a fund of funds (FOF) is that FOF provide:（）A. lower managem
4、ent fees.B. improved diversification of assets.C. a proven track record.6.Consider a 1-year quarterly-pay $1000000 equity swap based on a fixed rate and an index return. The current fixed rate is 3.0 percent and the index is at 840. Below are the index level at each of the four settlement dates on t
5、he swap.ABQ1CQ2DQ3EQ4FIndexG881H850I892.5J900 7.Which of the following statements about hypothesis testing is TRUE A Type error is the probability of:（）A. rejecting a true null hypothesis.B. rejecting a true alternative hypothesis.C. failing to reject a false null hypothesis.8.The main risk faced by
6、 an individual who enters into a forward contract to buy the S&P 500 Index is thatAA. the market may rise.BB. the market may fall.CC. market volatility may rise. 9.Which of the following statements regarding exchange-traded derivatives is FALSE Exchangetraded derivatives :()A. are illiquid and have
7、secondary markets.B. are standardized contracts.C. often trade in a physical location.10.In commodity trading, the exchange removes any daily losses from a traders account and acids any gains to the traders account. This process is known as :AA. initial margin.BB. maintenance margin.CC. marking to m
8、arket. 11.Which type of futures contract does NOT allow for the underlying goods to be deliveredAA. Interest rate.BB. Index.CC. Foreign currency. 12.Which of the following is NOT a probability distribution（）A. Flip a coin: P(H)=P(T)=0.5.B. Roll an irregular die: P(1)=P(2)=P(3)=P(4)=0.2 and P(5)=P(6)
9、=0.1.C. Zeta Corp. : P(dividend increases)=0.60, P(dividend decreases)=0.30.13.Which transaction would least likely be classified as an interest rate swap()A. Pay USD fixed, receive U. S. LIBOR.B. Receive AUD fixed, pay NZD floating.C. Receive U. S. fixed, pay U.S. commercial paper.14.All of the fol
10、lowing are the functions of bill of lading except _.Athe bill of lading is proof of the contract for carriageBa bill of lading acts as a receipt of the goods from the shipping company to the shipperCa bill of lading is a completely negotiable documentDa bill of lading acts as a document of ownership
11、 to goods being, shipped 15.The bill of lading is _.Aa contractBis not a contractCis a contract between the shipping company and the carrierDis a receipt issued by the shipper 16.A customized agreement to purchase a certain T-bond next Thursday for $1000 is:AA. a swap.BB. an option.CC. a forward com
12、mitment. 17.Analysts who look for patterns and trends in security prices for buy and sell signals are called:（）A. tecbnical analysts.B. fundamental analysts.C. signaling analysts.18.Holding all other factors constant, an increase in expected yield volatility will cause the price of:（）A. a putable bo
13、nd to increase.B. a callable bond to increase.C. embedded put and call options to decrease.19.An investor gathered the following information about a real estate investment:ACost of the propertyB$800000CAmount financed by mortgage loanD80%EInterest rate on mortgage loanF13%GPresent value of after-tax
14、 cash flows from the investmentH$156000IInvestors required rate of return for an equity investmentJ15% 20.Which of the following is a futures exchange member who can execute public ordersAA. Scalper.BB. Day trader.CC. Floor broker. 21.Aleda Jones owns a stock and buys an at-the-money put option for
15、a premium of $3.00. If the breakeven ( zero profit) point of this portfolio insurance strategy is $92, the strike price of the option is :AA. $89.00.BB. $95.00.CC. $3.00. 22.Portfolios located to the right of the market portfolio on the capital market line are:()A. lending portfolios.B. optimal portfolios.
