[外语类试卷]现代金融业务（综合）模拟试卷18及答案与解析.doc

1、现代金融业务（综合）模拟试卷 18及答案与解析 单句理解 （ A） Credit card holders will state if they don t buy anything. （ B） Credit card holders will receive their statements from the bank every month. （ C） Credit card holders can charge purchases to their bank accounts. （ D） Credit card holders have to make purchases every m

2、onth. （ A） The foreign banks should have set up a representative office. （ B） The foreign banks cant apply for a branch. （ C） The foreign banks cant expand business in China. （ D） The foreign banks are forbidden to set up a representative office. （ A） You can have the check encashed now. （ B） You wi

3、ll have the money in one or two days. （ C） You can not have the check encashed. （ D） You have to wait for the payment till the maturity. （ A） Interest rate risk is a normal part of banking operations. （ B） Interest rate risk is a terrible threat to banking operations. （ C） A bank s earnings and capi

4、tal base is a normal part of banking. （ D） A bank s earnings and capital base can pose a significant threat to banking. （ A） They usually hold savings accounts. （ B） They have current accounts. （ C） They specialize in long-term savings accounts and mortgages. （ D） They deal in short-term savings acc

5、ounts. （ A） The majority of smart cards users are governments and commercial organizations. （ B） Many users of smart cards are powerful in governments and commercial organizations. （ C） The dominant users of smart cards are banks in China by now. （ D） The dominant users of smart cards used to be ban

6、ks in China. （ A） If a remitting bank cannot take proper care in collection, the exporter will do it himself. （ B） If a remitting bank cannot fulfill its obligation in collection, the exporter will claim indemnify for it. （ C） If a remitting bank cannot take proper care in collection, it will lose a

7、 customer. （ D） If a remitting bank cannot fulfill its obligation in collection, it will cause loss to the exporter. （ A） The customer should first notify the drawee bank of the loss of his draft. （ B） The customer should first notify the drawer bank of the loss of his draft. （ C） The customer shoul

8、d first notify the remitting bank of the loss of his draft. （ D） The customer should first notify the collecting bank of the loss of his draft. （ A） The U. S. company has to exchange dollars for pounds to make settlement for the goods imported from U. K. （ B） The U. S. company must exchange some pou

9、nds for dollars before the transaction is made. （ C） The U. S. company may directly purchase goods in Britain in sterling pounds. （ D） The U. S. company must exchange dollars for euros first. （ A） Cash is crucial to a countrys economy. （ B） Money is crucial to a country s economy. （ C） Capital is cr

10、ucial to a country s economy. （ D） Banks are crucial to a country s economy. 对话理解 （ A） It means being convenient to be carried. （ B） It means being readily to be divided. （ C） It means being easily identified. （ D） It means being carried in a big basket. （ A） Four. （ B） Two. （ C） Three. （ D） Five. （

11、 A） A contractual arrangement. （ B） A counterpart. （ C） Many types of risks. （ D） Credit risk. （ A） Bills of lading. （ B） Consular invoice. （ C） Insurance policy. （ D） Certificate of origin. （ A） He got a credit card of his friend and come to ask how to use it. （ B） He got a card and did not know wh

12、ose card it is. （ C） He has lost his credit card and come to ask what to do. （ D） He has found a credit card and come to ask what to do. （ A） High credit limits （ B） High annual fee. （ C） Low interest rates. （ D） Monthly statements. （ A） The methods of financial statements. （ B） The necessity of car

13、eful analysis of financial statements （ C） The relationship among financial statements. （ D） The purpose of financial statements. （ A） Both endorse the instrument. （ B） Neither of them endorses the instrument. （ C） A authorizes B to endorse the instrument. （ D） B authorizes A to endorse the instrume

14、nt. （ A） The man will probably wait for the payment for 30 days. （ B） The man can get his payment right away. （ C） The man will send an order to the company. （ D） The woman will not pay the man at sight. （ A） He wants to withdraw some pounds. （ B） He wants to transfer some money to London. （ C） He w

15、ants to know how to transfer money from London to him. （ D） He wants to exchange some pounds for yen. 短文理解 （ A） 1992 （ B） 1993 （ C） 1994 （ D） 1995 （ A） The People s Bank of China. （ B） China Foreign Exchange Trading Center. （ C） Inter-bank Foreign Exchange Market. （ D） The State Administration of Fo

16、reign Exchange. （ A） 1% （ B） 0.3% （ C） 0.005 （ D） 0.004 （ A） By posting all the entries. （ B） By preparing a trial balance. （ C） By comparing the entries on both sides. （ D） By recording all the entries once more. （ A） It is a schedule that lists the titles of the accounts in the general ledger and

17、their debit or credit balances. （ B） It is the titles of the accounts in the general ledger and their debit or credit balances. （ C） It is a list of the titles of the accounts in the general ledger. （ D） It is a schedule that makes their debit or credit balances. （ A） The ledger is correct. （ B） A j

18、ournal entry is not posted. （ C） An error or errors have been made. （ D） An entry is posted twice. （ A） They are drafts issued by a bank on another bank. （ B） They are a very old form of commercial credit. （ C） They are exchange bills discounted by customers. （ D） They are checks cashed through the

19、ATMs. （ A） The German importer. （ B） The American exporter. （ C） The exporters bank. （ D） Any bank. （ A） The appropriate documents showing that shipment has been made. （ B） A letter of credit issued by the buyer s bank. （ C） The draft on the drawer in the foreign country. （ D） The document showing t

20、hat the transaction has been settled. （ A） It receives the draft and examines it for its customer. （ B） It issues a banker s draft to the exporter. （ C） It accepts the draft and makes the payment. （ D） It stamps “accepted“ across the face of it. 一、单项选择题 31 Which of the following is not among the gen

21、erally accepted accounting principles? （ A） Cash basis. （ B） Prudence. （ C） Consistency. （ D） Going concern. 32 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）

22、 the value of the reserve currency declines （ D） world inflation increases 33 The cost-volume-profit(C-V-P)analysis can be used in making decisions about_, and so on. （ A） selling prices （ B） production volume （ C） levels of discretionary fixed costs （ D） all the three above 34 The other main source

23、 of revenue for a bank is fee income, or called_income. （ A） interest （ B） commission （ C） service （ D） net 35 The money market is a dealer market where, over the telephone or through electronic systems,_. （ A） a broker receives commission to act as an agent （ B） the investors are trading on a centr

24、al trading floor （ C） firms buy and sell securities in their own accounts, at their own risk （ D） individual investors can trade on the exchange 36 Under the documentary credit, which of the following is false? （ A） The buyer s bank will issue a documentary credit. （ B） The seller has his bank s und

25、ertaking to pay. （ C） If the seller presents the correct documents, he will be paid. （ D） A bank acts as an intermediary between the buyer and seller and is willing to provide trade. 37 The available resources for the IMF to finance lending are_. （ A） gold reserves （ B） quotas （ C） currencies of str

26、ong economies （ D） all of the above 38 Liabilities that will be due within a short time(usually one year or less)and that are to be paid out of current assets are called_. （ A） long-term trust （ B） long-term liabilities （ C） current liabilities （ D） current investment 39 To whom is an endorser liabl

27、e if the bill of exchange is dishonored? （ A） the payee （ B） the drawer （ C） a previous endorser （ D） a subsequent endorser or holder 40 From the point of view of a Chinese bank,_is our bank s account in the books of an overseas bank, denominated in foreign currency. （ A） a vostro account （ B） a nos

28、tro account （ C） a mirror account （ D） a record account 二、完形填空 40 Billions of dollars worth of new securities reach the market each year. The traditional【 56】 in the primary markets is called an investment banker. The investment banker s principal activity is to bring sellers and buyers together, th

29、us creating a market. He normally buys the new issue from the issuer at an agreed-upon price and hopes to【 57】 it to the investing public at a【 58】 price. In this capacity, investment bankers are said to underwrite, or guarantee, an issue. Usually, a group of investment bankers joins to underwrite a

30、 security offering and form what is called an underwriting syndicate. The【 59】 received by the investment banker in this case is the differential, or spread, between his purchase and resale prices. The risk to the underwriter is that the issue may not attract buyers at a【 60】 differential. 41 【 56】

31、（ A） buyer （ B） organizer （ C） seller （ D） middleman 42 【 57】 （ A） sell （ B） resell （ C） give （ D） bring 43 【 58】 （ A） higher （ B） lower （ C） suitable （ D） middle 44 【 59】 （ A） income （ B） benefit （ C） commission （ D） interest 45 【 60】 （ A） positive （ B） negative （ C） high （ D） low 45 Commercial ban

32、ks provide long-term mortgage loans to borrowers(consumers)to purchase houses/land. The ownership of the【 61】 remains in mortgagee and the possession of property usually remains in【 62】 unless and until the occurrence of default or full repayment. Maturity of such loans is usually 30 years and the i

33、nterest rates are【 63】 Maximum amount of such loans is【 64】 of the property value, and the balance should be paid【 65】 as down payment. 46 【 61】 （ A） land （ B） property （ C） bank （ D） credit 47 【 62】 （ A） borrower （ B） mortgagees （ C） mortgagors （ D） applicants 48 【 63】 （ A） flowing （ B） fixed （ C）

34、float （ D） fixing 49 【 64】 （ A） 30% （ B） 50% （ C） 1.1 （ D） 0.7 50 【 65】 （ A） in cash （ B） in advance （ C） in time （ D） in currency 三、判断正误 50 The normal income statement which constitutes one of the financial statements of a company, is financial income statement. So functional income statement is an

35、 income statement that segregates all costs by use; it shows revenues less cost of goods sold(gross margin)less selling and administrative expenses. This approach is useful for financial reporting purpose; it provides outsider readers with information about company s progress and about which functio

36、nal areas are being emphasized. For management s use in the decision-making process, however, an income statement that follows a cost behavior approach, often referred to as a Contribution Margin Income Statement, is more valuable. 51 When the management of a business makes some decisions, it often

37、refers to the normal income statement because the normal income statement is more useful in that. （ A） Right （ B） Wrong （ C） Doesnt say 52 From the functional income statement we can see clearly the total revenue, total cost and the gross profit etc. （ A） Right （ B） Wrong （ C） Doesnt say 53 The comp

38、any s prepayment to its supplier is regarded as a liability item. （ A） Right （ B） Wrong （ C） Doesnt say 53 There are five parties concerned with a collection, the customer, the remitting bank, the presenting bank and the drawee. The customer is the principal who entrusts the operation of collecting

39、to his bank, which is the remitting bank. The collecting bank is any bank, other than the remitting bank, involved in processing the collection order, and the presenting bank is the collecting bank making presentation to the drawee more than one collecting bank may be involved in collecting a bill a

40、nd it is the bank that actually presents the bill to the drawee for acceptance/payment that is the presenting bank. The drawee is the person specified as the one to whom the financial document and/or commercial documents is to be presented. A collecting bank must be sent a collection order with the

41、documents concerned, and this must give complete and concise instructions. It will in fact incorporate, all the instructions contained in the application form. Banks are only permitted to act upon instructions given in such an order and must advise the remitting bank immediate if they can not comply

42、 with the instructions contained in the order. 54 The remitting bank in the procedure of a collection may not be the collecting bank. （ A） Right （ B） Wrong （ C） Doesnt say 55 As for a collection, the presenting bank makes presentation to the drawer for acceptance/payment. （ A） Right （ B） Wrong （ C）

43、Doesnt say 56 The collecting bank only acts upon the instructions given in the collection order of the presenting bank. （ A） Right （ B） Wrong （ C） Doesnt say 56 Banks with large international credits limit their concentrations of loans in any one country according to the perceived “country risk“. Co

44、untry risk generally refers to economic and political conditions existing in a country. In any case, a loan to the foreign nation s government or its agencies is generally safer than a loan to a private-sector borrower. Even loans to governments may be unsafe, however, because of what is called “sov

45、ereign risk“. When foreign governments experience e-conomic or political pressures, there is a risk that they will divert resources to the correction of their domestic problems at the expense of servicing their debts to external lenders. In the 1980s, several less-developed nations requested the res

46、cheduling of bank loans at considerable sacrifice in interest income to the banks involved. At the extreme, governments might simply repudiate their debts; that is, they might no longer recognize their obligations to external creditors. 57 Country risk refers to political risk existing in a country.

47、 （ A） Right （ B） Wrong （ C） Doesnt say 58 Usually, a loan to government is safer than a loan to a private-sector borrower. （ A） Right （ B） Wrong （ C） Doesnt say 59 If we make loans to governments, we may suffer “sovereign risk“. （ A） Right （ B） Wrong （ C） Doesnt say 60 Debt crises broke out in the 1

48、980s. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 The forward market also provides facilities for forward currency transactions. This is a means of enabling the importer or exporter to agree a rate of exchange, now, at which a foreign currency will be exchanged for sterling at a future date, usu

49、ally one, two, three or six months ahead but sometimes one or two years. This rate is fixed regardless of what might have happened to the rate of exchange in the meantime and is particularly useful in an era of floating, and potentially volatile, exchange rates. If, for example, a British importer of US machines which cost $3,000 each has to pay in one month s time he may prefer to buy the currency now for actual delivery in one month s time. With a current rate of $2. 00 to the 1 pound the one month rate may be a