Assume a bank with the duration gap of — A______in interest rates will______ bank's net wo
A.fall...reduce
B.fall...increase
C.rise…reduce
D.change…have no effect on
A.fall...reduce
B.fall...increase
C.rise…reduce
D.change…have no effect on
第1题
A.2
B.-1
C.0.5
D.-4
第2题
第3题
第4题
Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early.
Assume that the maturity date of the Dorman note is January 18, 1995 and that General Electric discounts the Dorman note at First City National Bank on December 9, 1994. The discount period--which is the number of days from the date of discounting to the date of maturity (this is the period the bank will hold the note) -- is 40 days; 22 days in December, and 18 days in January. Assume the bank applies a 12 percent annual interest rate in computing the discount value of the note. The bank will want to use a discount rate that is higher than the interest rate on the note in order to increase its earnings. GE may be willing to accept this higher rate in order to get cash quickly. The discounted value, called the proceeds, is the amount that GE receives from the bank. The proceeds are computed as follows:
General Electric's entry to record discounting the note is:
Dec. 9, 1994cash $ 15 170
Note receivable Dorman Builders $ 15 000
Interest Revenue $ 170
TO RECORD DISCOUNTING NOTE RECEIVABLE
At maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue.
Observe two points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discounting period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December 9, 1994).
What is a note receivable?
A.It is a note received by a payer.
B.It is paper currency paid for documents as well as notes.
C.It is a negotiable instrument which may be used to transfer funds from one person to another.
D.It is a negotiable instrument which may be transferable from one person to another.
第5题
I didn’t ________ to take a taxi but I had to as I was late.
A) assume
B) suppose
C) mean
D) hope
第6题
I didn't ______ to take a taxi but I had to as I was late.
A) assume B) suppose C) mean D) hope
第7题
The Car Club couldn’t ________ to meet the demands of all its members.
A) ensure
B) guarantee
C) assume
D) confirm
第8题
Which of the following is INCORRECT as regards scientists?
A.Many people assume that scientists can do well in handling political affairs.
B.German scientists did research on atomic bombs.
C.Generally people don"t regard an economist as a scientist.
D.Scientists prefer laboratory work to administration.
第9题
What does the man assume when the woman says she is not going?
A.She' s too busy to go.
B.She has no money left.
C.She isn' t feeling well.
D.She doesn' t like football.
第10题
Customers transferred their accounts to the slower bank, because ______.
A.the tellers seemed more efficient
B.customers didn't trust computers
C.the tellers did everything to minimize the delay
D.they didn't like the inefficiency of the old bank