现代金融业务(综合)-2及答案解析.doc

1、现代金融业务(综合)-2 及答案解析(总分：78.96，做题时间：90 分钟)一、BPart One Listen(总题数：2，分数：10.00)BSection One/BDirections: In this section, you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers mar

2、ked A, B, C and D, and decide which is the best answer.（分数：5.00）A.Banks current base rates are higher than those on small deposits.B.Banks current base rates are lower than those on small deposits.C.Banks current base rates are not floating rates.D.Banks current base rates are usually floating rates

3、A.Investors can cope with any problems they may meet.B.Investors cant cope with problems when they meet with difficulty.C.Investors can cope with some investment problems by confining their investments to those that involve only modest risk.D.Investors can cope with easy problems.A.the income state

4、mentB.the balance sheetC.the financial statementD.the statement of cash flowA.Each month the cardholder receives a statement and the amount of all the transactions.B.Each month the bank gives the cardholder a statement showing the total amount outstanding.C.Each month the bank gives the cardholder a

5、 statement showing the compound interest.D.Each month the bank gives the cardholder a statement showing any minimum amount that needs to be paid.A.People are discouraged to do business with a lower discount rate.B.People are encouraged to borrow more money if the discount rate is lowered.C.People ar

6、e encouraged to borrow more money if the discount rate is raised.D.People are discouraged to borrow less money with a lower discount rate.（分数：5.00）A.Smart card is light but can resist shock.B.Smart card is convenient, safe and durable.C.Smart card is the exact size of a credit card.D.Smart card cont

7、ains a computer with as much power as the original minicomputer.A.If a drawee is bankrupt, presentment may be made to his trustee.B.If a drawee is bankrupt, presentment can not be made to him.C.If a drawee is bankrupt, presentment can not be made to his assignee.D.If a drawee is bankrupt, presentmen

8、t must be made to his trustee.A.A bill can not be accepted after it has been dishonored by a previous refusal to accept.B.If a bill has been dishonored by non-payment, it may not be accepted by another person.C.If a bill has been dishonored by a previous refusal to accept, it may be accepted by anot

9、her person.D.A bill can not be accepted after it has been dishonored by non-payment.A.A cheque can be accepted by the bank on which it is drawn.B.A bill can not be accepted by the bank on which it is drawn.C.The rules relating to acceptance of bills are not applicable to cheques.D.The rules relating

10、 to acceptance of bills are applicable to cheques.A.Once the title documents are entrusted, the goods are at the disposal of the collecting bank.B.The title documents enable the remitting bank to dispose the goods according to the instruction given in the collection order.C.The title documents are u

11、sually issued by the drawee.D.In spite of the possession of the title documents, the bank can not deal with the goods without the allowance of the drawer.二、BSection Two/B(总题数：2，分数：10.00)Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question wi

12、ll be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A,B,C, D, and decide which is the best answer.（分数：5.00）A.The minimum deposit reserve.B.Adjusting the base interest rate.C.Regulating rediscounting.D.Open m

13、arket operations.A.880 yen.B.794 yen.C.719 yen.D.888 yen.A.A bill of exchange with a 90-day maturity for $ 6,075.00.B.A bill of exchange with a 60-day maturity for $ 6,075.00.C.A bill of exchange with a 90-day maturity for $ 6,750.00.D.A bill of exchange with a 60-day maturity for $ 6,750.00.A.Cash.

14、B.Sight deposit.C.Cash dispenser.D.Cheque.A.To make investment.B.To record data.C.To provide useful information.D.To understand some basic accounting principles.（分数：5.00）A.￥90,000 in notes and ￥68,000 in travelers cheques.B.￥68,000 in notes and ￥90,000 in travelers cheques.C.￥6,800 in notes and ￥9,0

15、00 in travelers cheques.D.￥9,000 in notes and ￥6,800 in travelers cheques.A.All the main commercial banks in Britain agreed to issue a standardized form of cheque card.B.British banks started to issue credit cards.C.Customers of British banks may cash their cheques in European countries.D.Commercial

16、 banks in the United States began to issue cheque card.A.The bank will cash the check immediately.B.The bank will issue a new bank account and deposit the money for him.C.The bank will cash it for him until the proceeds are collected from the paying bank.D.The bank will endorse the check before paym

17、ent.A.Collection Order.B.Bill of Lading.C.Letter of Credit.D.Certificate of Origin.A.Cheque cards.B.Credit cards.C.Debit cards.D.Smart cards.三、BSection Three(总题数：3，分数：10.00)Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The

18、passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D.BPassage One/B（分数：4.00）A.A slight increase in prices.B.Rapid growth of economy.C.Decrease of workers salary.D.Soaring prices.A.Hyperinflation is

19、just a passing phase in the economic development.B.People could benefit a lot from hyperinflation.C.Hyperinflation is used by a government to raise taxes.D.Hyperinflation may cause the downfall of a government.A.Harmful.B.Negative.C.Going back.D.Progressive.A.The cause of hyperinflation.B.The danger

20、s that hyperinflation brings to a country.C.The relationship between taxes and hyperinflation.D.The supply of money and hyperinflation.BPassage Two/B（分数：3.00）A.It consists of one commercial credit and one standby credit.B.It consists of two entirely separate documentary credits.C.It consists of a cr

21、edit and some commercial documents.D.It consists of a bill of exchange and a bill of lading.A.When actual suppliers and ultimate buyers deal through a middleman.B.When buyers and sellers agree to make settlement by means of letters of credit.C.When buyers dont agree to make payment on collection bas

22、is.D.When sellers insists on a documentary credit.A.The ultimate buyer.B.The middleman.C.The issuing bank.D.The actual supplier.BPassage Three/B（分数：3.00）A.A long-term interest rate.B.A long-term loan.C.A short-term interest rate.D.A short-term loan.A.One night.B.One year.C.Three days.D.Three months.

23、A.The foreign banks.B.The locally incorporated banks.C.The government.D.Inhabitant in Hong Kong.四、BPart Two Readin(总题数：3，分数：15.00)BSection One/BDirections: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four

24、choices marked A, B, C and D.Passage 1Banking organizations are highly geared, much more than commercial or industrial companies. They have custody of large volume of monetary items, which makes them vulnerable to misappropriation and fraud. They therefore need to establish formal operating procedur

25、es, well defined limits for individual discretion rigorous system of internal control. Banking organizations engage in a large volume and variety of transactions. This necessarily requires complex accounting and internal control system and widespread use of electronic data processing. Banking organi

26、zations often assume significant commitments without any transfer of funds. These items may not involve accounting entries and consequently the failure to record such items may be difficult to detect. And most importantly, the failure of a bank, unlike most commercial firms, affects more than the fo

27、rtunes of its shareholders and creditors, and may destabilize the whole economy.Effective supervision of banking organizations is an essential component of a strong economic environment in that the banking system plays a central role in making payments and mobilizing and distributing savings. Strong

28、 and effective banking supervision provides a public good that may not be readily available in the marketplace. Along with effective macroeconomic policy, it is critical financial stability in any country. While the cost of banking supervision is indeed high, the cost of poor supervision has proved

29、to be even higher.For all these reasons, banks throughout the world are generally accorded a higher degree of official, supervision and regulation than other types of businesses. At the same time, banks are also provided with important elements of official protection. For example, the central bank u

30、sually acts as a lender of last resort to protect commercial banks against a temporary liquidity drain. This protection is an important component of the official safety net bank stopping the banking system. Another major aspect of that safety net takes the form of deposit insurance fund to guarantee

31、 bank depositors that they will get their money back in the event of a bank failure.（分数：5.00）(1).Why should banks need to establish formal operating procedures?（分数：1.00）A.The supervisory authorities require them to do so.B.The shareholders expect a reasonable return on their investment.C.The banks h

32、ave to keep safe large volume of monetary items raised from all sources.D.The banks engage in a large volume and variety of transactions.(2).Which of the following requirements is NOT mentioned in successfully dealing with large volume and variety of transactions?（分数：1.00）A.A large number of skillfu

33、l staff and expertise.B.Effective internal control system.C.Complex accounting system.D.Widespread use of electronic data processing.(3).“Vulnerable to“ in Line 3 probably means _.（分数：1.00）A.subject toB.easy to be attacked byC.of great volumeD.likely to damage(4).A high degree of official supervisio

34、n and regulation on bank organizations are important because _.（分数：1.00）A.The governments of many countries want to control banksB.There are too many troubles in banking sectorC.It is crucial to stabilize the financial sector and the whole economyD.The banks make much more deposit insurance fund(5).

35、What is the main function of deposit insurance fund?（分数：1.00）A.To ensure that the banks have sufficient fund to finance other economic sectors.B.To protect the banks from all kinds of risks arising from their operation.C.To meet requirements of financial needs of the public.D.To pledge to depositors

36、 that their money is safe whenever a bank is insolvency.Passage 2Capital is at the top of any bank supervisors list. The most basic form of capital is equity capital, which is the shareholders financial interest or net worth. Equity capital serves several purposes: it provides a permanent source of

37、revenue for the shareholders and funding for the bank; it is available to bear risk and absorb losses; it provides a base for further growth; and it gives the share-holders reason to ensure that the bank is managed in a safe and sound manner. Minimum capital adequacy ratios are necessary to reduce t

38、he risk of loss to depositors, creditors and other stakeholders of the bank and to help supervisors pursue the overall stability of the banking industry.Basle Committees “core principles for effective banking supervision“ require that supervisions set prudent and appropriate minimum capital adequacy

39、 requirements and encourage banks to operate with capital in excess of the minimum. When it appears appropriate due to the particular risk profile, uncertainties regarding the asset quality, risk concentrations or other adverse characteristics of a banks financial condition, considerations of requir

40、ing higher than minimum capital ratios are encouraged. If a banks ratio falls below the minimum, banking supervisions will act to ensure that it has realistic plans to restore the minimum in a timely fashion, or may consider putting additional restrictions on the banks operations.（分数：5.00）(1).Whats

41、the subject of the passage?（分数：1.00）A.CapitalB.Restrictions on banks operationsC.SupervisionD.Capital adequacy(2).Bank supervisors think _ most important.（分数：1.00）A.capitalB.financial interestC.shareholdersD.capital minimum(3).Which of the following is not the purpose of equity capital?（分数：1.00）A.Pr

42、oviding a permanent source of revenue.B.Bearing risks and absorbing losses.C.Disclosing reserves.D.Facilitating further growth.(4).What can we infer from the passage?（分数：1.00）A.The Basle Committees core principles require the minimum capital adequacy requirements.B.The Basle Committee encourages ban

43、ks to operate with capital of the minimum.C.The Basle Committee helps bank supervisors to reduce the risk of loss.D.The Basle Committee ensures banks to pursue the stability of the banking industry.(5).Which of the following is implied in the passage?（分数：1.00）A.A very important purpose of bank-super

44、vision is to provide adequate capital for their operation.B.A very important purpose of bank-supervision is to ensure banks to operate with adequate capital.C.A very important purpose of bank-supervision is to put additional restrictions on the banks operations.D.A very important purpose of bank-sup

45、ervision is to concentrate on risks.Passage 3Providing for a payment mechanism or the transfer of funds is one of the important functions performed by commercial banks, and it is increasing in importance as greater reliance is placing on the use of checks and credit cards. The increasing efficiency

46、with which funds are managed is indicated by the gradual decline in money holdings relative to the gross national product over the years, despite the increase in the number of financial transactions. In recent years the only kind of money that has increased relative to national income is coin, prima

47、rily because of the growth of metering and vending machines. As we can see, at present check deposits are assuming a larger portion of the transaction load, and they are, being used more, efficiently.Most of the checks in the nation are cleared through the commercial banking system. Checks drawn on

48、and deposited in the same bank merely transfer funds from one counter to another. If only two banks are involved in the same town, there is a direct exchange of checks. When several banks are involved within the same city, a clearing hours arrangement is usually employed. The process becomes a bit m

49、ore complicated and time-consuming.Banks have employed computers and other sophisticated equipment to speed the clearing process, reduce costs, and improve accuracy. In recent years considerable thought and research have been given to what has become known as checkless banking. This would activate computers in banks throughout the nation and thus transfer funds from the purchasers account, make deposits and loan repayments, and transfer funds between a depositors accounts, make deposits and loan r