52. From a Chinese bank's point of view, the currency account which it maintains abroad is known as______, while a RMB account operated in China for a foreign bank is termed ______.
A. a vostro account…… a nostro account
B. a vostro account…a mirror account
C. a mirror account…a nostro account
D. a nostro account…… a vostro account
53. Under FOB terms the bill of lading would state goods ______.
A. loaded on board, freight payable at destination
B. loaded on board, freight paid
C. received for shipment, freight paid
D. received for shipment, freight payable at destination
54. The liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business.
A. sources of the funds
B. share capital
C. investments
D. advances to customers
55. International payments and other messages are often sent through an international computer network called ______.
A. CHAPS
B. BACS
C. SWIFT
D. EIMT
56. Low levels of uncertainty (risk) are associated with .
A. stocks
B. stock options
C. higher potential returns
D. lower potential returns
57. Government securities would appear on a commercial bank's balance sheet as ______.
A. an asset
B. reserves
C. part of net worth
D. a liability
58. A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
A. there is no self-correcting mechanism
B. currency values become unstable
C. the value of the reserve currency declines
D. world inflation increases
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