[外语类试卷]现代金融业务（综合）模拟试卷11及答案与解析.doc

1、现代金融业务（综合）模拟试卷 11及答案与解析 单句理解 （ A） Current accounts are greatly different from sight deposits. （ B） Current accounts can be withdrawn through dispensers. （ C） Current accounts can not be withdrawn through cheque. （ D） Sight deposits can not be withdrawn through cheque. （ A） The cardholder has to pay

2、the bill in full within a grace period without interest. （ B） The cardholder can choose to pay the bill in full within a grace period without interest. （ C） The cardholder can choose to pay the bill in full and interest within a grace period. （ D） The cardholder has to pay the bill in full and inter

3、est within a grace period. （ A） You need to pay ten dollars to open a new account. （ B） You can open a new account to get ten dollars. （ C） Bank will charge you ten dollars for your new account. （ D） You can open a new account by depositing ten dollars. （ A） Banks with global operations are also ref

4、erred to as national corporations. （ B） Both the banks and non-financial corporations have the same desire to make profit. （ C） Managers of non-financial corporations have no profit motives. （ D） Non-financial corporations are multinational and operate globally. （ A） Under straight L/C, the paying b

5、ank has recourse to the beneficiary. （ B） Under negotiation L/C, the negotiating bank has no recourse to the beneficiary. （ C） Under straight L/C, the paying has to recourse to the beneficiary. （ D） Under negotiation L/C, the negotiating bank has recourse to the beneficiary. （ A） The collecting bank

6、er is the banker on whom the cheque is drawn. （ B） The paying banker is the banker on whom the cheque is drawn. （ C） The drawer banker is the banker on whom the cheque is drawn. （ D） The presenting banker is the banker on whom the cheque is drawn. （ A） To benefit, all the documents are to be combine

7、d with the credit. （ B） All the documents are to be made by the beneficiary for the credit. （ C） All the documents are to be made in conformity with the terms and conditions of the credit. （ D） The beneficiary will make the documents combined with the terms and conditions of the credit. （ A） Bank wi

8、ll reject the crossed check. （ B） It is not advisable to hold a crossed check. （ C） You can only have a crossed check paid to your account. （ D） A crossed check is not a good check, not illegal though. （ A） The application form should only be signed by the customer. （ B） The application form could b

9、e signed by a customer or by his authorized agent. （ C） The application form should be signed by the bank. （ D） The application form should only be signed by his authorized agent. （ A） The issuing bank of an L/C is a bank in the exporter s country. （ B） The issuing bank establishes an L/C in favor o

10、f the exporter. （ C） The issuing bank of an L/C is a bank in the importer s country. （ D） The bank that opens the letter of credit on behalf of the importer is the advising bank. 对话理解 （ A） Stipulating the rate of interest. （ B） Stipulating the repayment date. （ C） Stipulating the amount and timing o

11、f any periodic cash interest payments. （ D） Stipulating the financial sponsor. （ A） At the exchange desk. （ B） On the board. （ C） On the desk. （ D） On the notebook. （ A） He will provide investment service. （ B） He will help the customers. （ C） He will join the commercial bank. （ D） He will purchase

12、or sell securities. （ A） Adequate liquidity. （ B） Insufficient liquidity. （ C） Increasing liabilities. （ D） Converting assets. （ A） The banks will disapprove them. （ B） The banks will approve them. （ C） The Bank will benefit from the loans. （ D） The bank will make profit from lending. （ A） The woman

13、 cant get cash before the proceeds are collected. （ B） There is something wrong with the proceeds. （ C） The woman will be paid directly by the paying bank. （ D） The personal cheque cant be encashed over the counter. （ A） Before any ordinary dividends are declared. （ B） After any ordinary dividends a

14、re declared. （ C） Before any ordinary dividends are paid. （ D） After any ordinary dividends are paid. （ A） The receipt of the goods given by the ship master. （ B） The evidence of the terms of the contract of carriage. （ C） The evidence of the shipment of goods. （ D） The evidence that the holder of i

15、t has the property in the goods. （ A） Smart Card. （ B） Master Card. （ C） Visa Card. （ D） American Express. （ A） On his card. （ B） On the goods. （ C） On a sales slip. （ D） On the invoice. 短文理解 （ A） It allows you to use a cheque book. （ B） It earns interest for you. （ C） The bank will charge you for t

16、his account. （ D） No charges will be paid if it remains in credit. （ A） 11%. （ B） 3%. （ C） 7%. （ D） It fluctuates. （ A） A safe and convenient way of handling money. （ B） People are paid in cash. （ C） Your salary goes straight into your account. （ D） Your money is paid straight into your account from

17、 other s. （ A） A plastic card. （ B） A plastic card used by cardholder to purchase goods or services, or withdraw cash. （ C） Something used to purchase goods or services, or withdraw cash. （ D） A machine can be used to withdraw cash. （ A） Supermarkets. （ B） Gas stations. （ C） Stores. （ D） Newspaper s

18、tands. （ A） Current account. （ B） Deposit account. （ C） Savings account. （ D） Personal loan account. （ A） Secure. （ B） Portable. （ C） Durable. （ D） Golden. （ A） To pass the full title to the endorsee. （ B） To inform the importer s bank to negotiate. （ C） To strengthen the liability of the endorsee.

19、 D） To limit the endorsers liability. （ A） They may look to all other parties prior to the qualified endorser. （ B） They may look to all other parties prior to the qualified endorser. （ C） They may look to all other parties prior to the immediate endorsee. （ D） They may look to all other parties pr

20、ior to the immediate endorsee. （ A） Marks and thumbprints, and printed, typed, or stamped signatures are acceptable in addition to written ones. （ B） Marks and thumbprints, but printed, typed, or stamped signatures are acceptable in addition to written ones. （ C） Marks and thumbprints, but printed,

21、typed, or stamped signatures are not acceptable. （ D） Marks and thumbprints only. 一、单项选择题 31 _must make his instructions to_clear in his collection order. （ A） The remitting bank; the collecting bank （ B） The principal; the drawee （ C） The principal; the remitting bank （ D） The drawee; the collectin

22、g bank 32 _is an order to pay a specified amount of money to the bearer on a given date. （ A） A client s acceptance （ B） A banker s acceptance （ C） An importer s acceptance （ D） An exporter s acceptance 33 The theory of purchasing power parity states that exchange rates between any two currencies wi

23、ll adjust to reflect changes in_. （ A） the price levels of the two countries （ B） the current account balances of the two countries （ C） the fiscal policies of the two countries （ D） the trade balances of the two countries 34 The more popular money market instruments are the followings except_. （ A）

24、 treasury bills （ B） commercial papers （ C） repurchase agreements （ D） debentures 35 Advances to the importer can be given in the following ways except_. （ A） limits for issuing letters of credit （ B） inward bill receivables （ C） packing loans （ D） delivery against bank guarantee 36 Individuals and

25、businesses compute their_based on their recorded earnings. （ A） deferred tax （ B） sales tax （ C） income tax （ D） corporation tax 37 _can obtain packing loan from a bank when it receives the letter of credit issued in its favour, but the finance available will not usually exceed_of the L/C amount. （

26、A） The exporter90% （ B） The exporterl 10% （ C） The importer90% （ D） The importer110% 38 _may make wage demands based on the accounting information that shows their employers reported income. （ A） Creditors （ B） Control expenses （ C） Labor union （ D） B dealing positions taken by employees who gamble

27、with the bank s money; and defaults by counter-parties to forward exchange contracts and covering transactions. These risks were well illustrated by events in 1974 : Bankhaus Herstatt, cologne, collapsed due largely to losses on its foreign exchange exposures; Lloyds Bank, Lugano, lost USD77 million

28、 due to unauthorised trading by staff. Herstatt s closure by the Bundesbank during working hours left many banks with unfulfilled foreign exchange transactions. Since then banks and authorities have tightened their control. Banks still take a position on foreign currencies and put traders on commiss

29、ion to speculate on their behalf, but mainly on within-day trading or on overnight positions. On longer-term positions banks aim to match liabilities and claims in a particular currency or cover the difference in the swap market. 54 Banks in international lending face the risks common to all banks;

30、liquidity risk, interest rate risk, credit(asset)risk, and contingent liabilities risk. （ A） Right （ B） Wrong （ C） Doesnt say 55 Banks face losses from three sources; their own position; dealing positions taken by employees, and defaults by counter parties to forward exchange contracts and covering

31、transactions. （ A） Right （ B） Wrong （ C） Doesnt say 56 If employees of a bank gamble in foreign exchange dealings with the bank s money, the bank will suffer heavy losses of foreign currencies. （ A） Right （ B） Wrong （ C） Doesnt say 56 A credit card is a plastic card(or its equivalent)to be used upon

32、 presentation by the cardholder to obtain money, goods, or services, possibly under a line of credit established by the card issuer. The cardholder is billed for any outstanding balance. Credit card customers are given a credit limit on the credit card account and can buy goods and services up to th

33、is amount. Normally, banks will set different credit lines to the different groups of cardholders. Every time cardholder uses a credit card for purchasing, he/she must sign a sales slip in the presence of the seller, and the signature is then compared to the signature on the card. Copies of the sale

34、s slips have the details of the card and they also show the details and amount of the sale. Each month the cardholder receives a statement from the bank which details all the transactions in the month, together with the total amount outstanding and any minimum amount that needs to be paid. When the

35、full balance is not settled each month, the cardholder is charged a compound interest“(say 0. 05%)on the outstanding balance, and this is supposed to provide the bank with a main source of income(although in China, this revenue is still low because people are reluctant to run into debt). Other two m

36、ajor sources of credit card services are the annual fee from the cardholders and the percentage of the sales revenue as the commission paid by the seller. 57 A credit card is a plastic card and the like to be used to obtain money, goods, or services and an overdraft is not allowed. （ A） Right （ B） W

37、rong （ C） Doesnt say 58 Normally, banks will set different credit limits on different customers credit card ac counts. （ A） Right （ B） Wrong （ C） Doesnt say 59 Each month the credit cardholder will receive a statement from the bank showing the details of the transactions excluding the total amount o

38、utstanding. （ A） Right （ B） Wrong （ C） Doesnt say 60 If the balance of the credit card is not fully settled, the cardholder will have to pay a compound interest on the outstanding amount. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 New securities by companies are usually brought to market after

39、advice and a commitment to underwrite by an investment banking firm. Underwriting simply means that the investment banker promises to buy the securities. The investment bank helps design the security and the investment banker buys it from the issuer with the intent of selling it to investors as quic

40、kly as possible. Usually, the issue is not subscribed to in its entirety by the original investment banker but is syndicated among other institutions as well. Through the syndication process, the original investment banker invites others to subscribe to a part of the issue, receiving a predetermined

41、 portion of the fees in return. The original investment banker becomes known as the lead manager of the deal. If there is more than one lead, the group is referred to as co-lead managers. The firm that deals directly with the company will be responsible for any syndication formation and also for fin

42、al payment on behalf of the syndicate. It is referred to as the book runner for the issue. New issues of common stock come into two varieties-primary distributions and secondary distributions. Primaries are sales of stock that have never been issued before. There are two types of primary distributio

43、ns-initial public offerings(IPOs)and additional floats of companies stock that will dilute each shareholders existing holding. Of the two, the latter are more common in the new issues market for equities since they involve offerings of shares of larger, more mature companies seeking additional equit

44、y capital. Secondary distributions are sales of stock that previously existed in some form or other but are too large to be accommodated on the stock exchanges. Procedures for secondaries often follow those for primaries although the offering period is much shorter and may involve a matter of hours

45、rather than days. The actual marketing for these issues is done by investment bankers directly to the public. On rare occasions, companies have attempted to sell their shares or bonds directly to the public, avoiding investment banking fees. Unless the company is very well known, such attempts are l

46、ess than successful. The behavior of investment bankers is key to the reception of new issues and directly affects the cost of capital for a company. As a result, the choice of an investment banker is crucial for a company, and the wrong choice could affect its costs over the near term. This is true

47、 for bonds as well as for common stocks. 61 According to the passage, underwriting simply means_. （ A） that the investor promises to buy the securities （ B） that the investment banker promises to sell the securities （ C） that the investment banker promises to buy the securities （ D） that the investo

48、r promises to sell the securities 62 Usually, the original investment banker_. （ A） subscribes to the issue in its entirety （ B） is prohibited from subscribing to the issue （ C） subscribes to a part of the issue （ D） is prohibited from subscribing to only part of the issue 63 When the issue is syndi

49、cated among the original investment banker and other institutions, （ A） there is only one lead manager （ B） there must be more than one lead manager （ C） all the parties concerned are lead managers （ D） there is one lead manager or more than one lead manager 64 None of the following statements is true except_. （ A） initial public offerings will dilute each shareholder s existing holding （ B） additional floats of companies stock will dilute each shareholder s existing holding （ C） compared wit