[外语类试卷]现代金融业务（综合）模拟试卷20（无答案）.doc

1、现代金融业务（综合）模拟试卷 20（无答案）单句理解（A）Collateral sometimes turns a bad loan into a good one.（B） Good loans can be turned into better loans with collaterals.（C） Collateral can turn a good loan into a bad one.（D）Collateral can turn a bad loan into a worse one.（A）In the US, the Federal Gold Reserve acts as the

2、central bank.（B） In the US, the central bank is the commercial bank.（C） In the US, there is no central bank.（D）In the US, the central bank is not so important.（A）Banks will deal with the documentary credit along with the sales contract.（B） Banks take no care of the sales contract while dealing with

3、the documentary credit.（C） Documentary credit and the sales contract are both important to banks.（D）Banks will care for either the documentary credit or the sales contract.（A）USD 4,867,359. 12（B） USD 4,876,359.02（C） USD 48,760,395. 20（D）USD 4,673 ,359. 22（A）Many banks in America accept accounts with

4、 the Bank of China, Shanghai.（B） Many banks in America start business with the Bank of China, Shanghai.（C） Many banks in America have accounts with the Bank of China, Shanghai.（D）Many banks in America owe money to the Bank of China, Shanghai.（A）Information technology system can cause operational ris

5、k.（B） A major fire can be a cause of operational risk.（C） The most important types of operational risk involve breakdowns in internal controls and corporate governance.（D）Other aspects of operational risk include firing its dealers, lending officers or other staff exceeding their authority or conduc

6、ting business in an unethical or risky manner.（A）The documents presented by you are original.（B） The documents we received are not original.（C） You are requested to present other documents.（D）The documents presented to us are in order.（A）The trustor, the beneficiary and the settlor are primarily thr

7、ee principal parties.（B） The trustor, the beneficiary and the trustee are primarily three principal parties.（C） The trustor, the beneficiary and the grantor are primarily three principal parties.（D）The trustor, the beneficiary and the donor are primarily three principal parties.（A）The foreign exchan

8、ge market operates like other financial markets in every respect.（B） The foreign exchange market has a specific place like a stock exchange.（C） There s no physical market place such as stock exchanges for the foreign exchange transactions.（D）The foreign exchange market operates quite differently sin

9、ce the former has no physical market place.（A）If you lose your bank notes, you will not get them back.（B） If you lose your bank notes, you will get compensation.（C） If you lose your bank notes, you can get them back soon.（D）If you lose your bank notes, most probably, you will not get them back.对话理解（

10、A）In order to avoid problems arising from fluctuations of exchange rate.（B） In order to get more money.（C） In order to use the money as soon as possible.（D）In order to overdraw the money.（A）Immediate payment.（B） Deferred payment.（C） Invoice.（D）US $ 1 ,000.（A）Cashiers.（B） Savings certificate.（C） Cash

11、 letters of credit.（D）Certified checks.（A）Interbank lending.（B） Check clearance.（C） Electronic fund transfer.（D）Borrowing ability.（A）The bank s base rate is fixed.（B） The rate on demand deposits is low.（C） The rate on demand deposits is high.（D）The bank s base rate is floating.（A）Because of the prud

12、ence concept.（B） Because of the materiality concept.（C） Because of the matching principle.（D）Because of the Dual Aspects Concept.（A）Canadian dollars.（B） British Pounds.（C） U. S. dollars.（D）H. K. dollars.（A）How to present the bill for payment.（B） The presentation of bills for payment.（C） The solution

13、 to the injured drawer.（D）The payment of the cheque.（A）On every business day.（B） On Tuesday.（C） On Wednesday.（D）On the following business day.（A）The sales slips are not important.（B） The sales slips show the amount of the sale.（C） The sales slips perform important functions in the bankcard transacti

14、ons.（D）The sales slips contain the details of the card.短文理解（A）almost the same one（B） rather different（C） a little different（D）doesnt mention（A）The issuing bank will charge a fee for giving a standby credit letter.（B） The issuing bank will charge no fees for giving a standby credit letter.（C） The iss

15、uing bank will amend the standby credit letter if appropriate.（D）The issuing bank will revoke the standby credit letter if appropriate.（A）The service fee is about 1 percent of the amount of credit involved.（B） It s almost impossible for the issuer to honor the payment after analyzing the financial c

16、ondition of the customer.（C） The issuing banks must carry reserve requirements for the guarantee.（D）The issuer of the credit guarantee will never be called upon to make payment. （A）The money markets.（B） The banks.（C） The international trade.（D）The buying of goods in the markets.（A）13 days（B） 30 days

17、（C） 33 days（D）23 days（A）He can send the draft to the correspondent bank for immediate payment.（B） He can present it to the bank against which it is drawn for payment.（C） He can ask the buyer to pay the money.（D）He can discount the draft at his bank and get money immediately. （A）bill of lading（B） doc

18、umentary letter（C） letter of credit（D）insurance document（A）Dollar against Pound（B） document against payment（C） delivery after payment（D）dollar in payment（A）By paying or accepting the bill of exchange.（B） By paying in cash.（C） By opening a letter of credit.（D）By showing the bill of lading.（A）the expo

19、rter（B） the importer（C） the exporters bank（D）the importers bank一、单项选择题31 Holding a group of assets reduces risk as long as the assets_.（A）are perfectly correlated（B） are completely independent（C） do not have precisely the same pattern of returns（D）have a correlation coefficient greater than one32 Th

20、e most important factor in deciding the value of a company is the company s_.（A）management（B） liquidity（C） market value（D）profitability33 Risks associated with investing in foreign countries are the following except_.（A）voting risk（B） exchange rate risk（C） country risk（D）political risk34 Liquidity r

21、isk arises from the inability of a bank to accommodate unexpected decreases in _or to fund increases in assets.（A）liabilities（B） profitability（C） sufficiency（D）supply35 Once a break-even point is determined, management often wants to know the number of units that must be sold or the amount of servic

22、es that must be performed to reach_.（A）the target（B） the budgeted revenue（C） a target net income（D）a target cost36 The_is the agency taking the responsibility of inspecting and supervising the foreign exchange business of financial institutions.（A）The SAFE（B） The PBC（C） The IMF（D）The State Council37

23、 Which of the following belongs to a long-term private debt instruments?（A）Commercial paper.（B） Certificates of deposit.（C） Bankers acceptance.（D）Corporate bond.38 The only disadvantage of investing Treasury bills is that_.（A）the liquidity is not satisfactory（B） the return is not satisfactory（C） the

24、 investment is not so safe（D）the investment is not exempt from state taxes39 Discount houses act as a broker in _ between those who wish to lend short-term funds and those who wish to borrow short-term funds.（A）the capital market（B） the foreign exchange market（C） the money market（D）the Stock Exchang

25、e40 _are the basis of foreign exchange dealings.（A）World trade（B） The cross-border money（C） Capital movements resulting from financial transactions（D）All of them二、完形填空40 Foreign exchange markets are electronic communication systems that【56】major financial centers throughout the world. Exchange rates

26、 are determined【57】supply and demand relationships, relative interest rate levels, relative【58】of inflation, political risk, and economic risk.Alternatives【59】affecting settlement of purchase and sales claims were explored【60 】with the instruments available to exporters and importers for financing t

27、heir international activities.41 【56】（A）focus（B） liaison（C） connect（D）associate42 【57】（A）with（B） by（C） in（D）through43 【58】（A）level（B） condition（C） rates（D）risk44 【59】（A）in（B） to（C） about（D）on45 【60】（A）together（B） along（C） following（D）going 45 A derivative is a security which “derives“ its value from

28、 another underlying【61 】instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as【62 】contracts and various indexes. Derivatives give the buyer greater leverage for a【63】cost than purchasing the actual un

29、derlying instrument to a-chieve the same position. For this reason, when used properly, they can serve to “hedge“ a【64】of securities against losses. However, because derivatives have a date of【65】, the level of risk is greatly increased in relation to their term. One of the simplest forms of a deriv

30、ative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.46 【61】（A）bank（B） financial（C） mathematic（D）securities47 【62】（A）commodities（B） cash（C） insurance（D）futures48 【63】（A）higher（B） smaller（C） lower（D）alte

31、rable49 【64】（A）investment（B） corporation（C） portfolio（D）management50 【65】（A）commence（B） opening（C） termination（D）expiration三、判断正误50 Commercial banks that supply services to other commercial banks are called correspondent banks. The correspondent banks are paid indirectly, in the form of income from

32、deposit balances maintained by its bank customers, as well as by direct money payments. Small banks may have 5 or 6 correspondent banks, which provide many services; bookkeeping services(especially those that require large computers); assistance in the sale or purchase of assets(including the consol

33、idation of purchases with other buyers); and the provision of information about capital markets(including the sale of equity shares in their banks). Large banks may have as many as 30 correspondent banks that provide services and representation in other localities(including foreign countries)and spe

34、cialized services that the correspondents can offer at a smaller cost.Until 1981 the Federal Reserve had provided free check-clearing facilities to its members, but nonmember banks relied entirely on correspondent banks to clear their checks. The correspondent banks often clear nonmember banks check

35、s through the Federal Reserve. In 1979, the Federal Reserve cleared 32 billion checks, totaling $ 35 trillion. The total amount of cheeks debited against all insured banks in October 1982 was $ 93. 5 trillion, of which 42 percent was from New York banks. Private clearing houses owned by groups of ba

36、nks handled a large amount and so did the Federal Reserve, which began charging for that service.51 The correspondent bank can only make money for its services to other banks from deposit balances maintained by bank customers.（A）Right（B） Wrong（C） Doesnt say52 A correspondent bank may supply the foll

37、owing services to other commercial banks:A. keeping accountsB. assisting in the sale or purchase of assetsC. providing information about capital markets（A）Right（B） Wrong（C） Doesnt say53 The Federal Reserve has been providing free check-clearing facilities to all the banks.（A）Right（B） Wrong（C） Doesnt

38、 say54 The amount of checks debited against New York banks in October 1982 was 27 trillion, which was 42% of the aggregate amount of checks of all the insured banks that month.（A）Right（B） Wrong（C） Doesnt say54 A major type of risk that banks face is credit risk or the failure of a counter-party to p

39、erform according to a contractual arrangement. This risk applies not only to loans but also to other on-and-off balance sheet exposures such as guarantees, acceptances and securities investments. Serious banking problems have arisen from the failure of banks to recognize impaired assets, to create r

40、eserves for writing off these assets, and to suspend recognition of interest income when appropriate.55 “Balance Sheet“ means the statement on which a bank s assets and liabilities are listed.（A）Right（B） Wrong（C） Doesnt say56 The word “exposures“ in this paragraph can be understood as “risks“.（A）Rig

41、ht（B） Wrong（C） Doesnt say57 Reserves for writing off impaired assets are unnecessary.（A）Right（B） Wrong（C） Doesnt say57 Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modern practice, local currency and legal tender. Foreign exchange typically

42、is not legal tender and is therefore not acceptable in exchange for goods and services to whom it is being offered; hence, the desire to exchange it into something closer to home in terms of acceptability. Foreign exchange markets are nearly always markets that convert issues of foreign money for lo

43、cal units. The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. It is possible in New York to exchange French francs for Swedish kronor, but the normal practice would be to sell French francs for U. S. as a first step and t

44、hen to sell US dollars and buy Swedish kronor as a second step in order to complete the transaction. Markets in other countries would be similar in structure and mechanical operation.58 Foreign exchange is convertible currency but foreign to the holder.（A）Right（B） Wrong（C） Doesnt say59 The reason th

45、at foreign exchange markets exist is because people have a strong desire to get foreign currencies to travel round the world, to buy goods produced in other countries.（A）Right（B） Wrong（C） Doesnt say60 The New York foreign exchange market is a market for exchanging foreign currencies against any conv

46、ertible currencies.（A）Right（B） Wrong（C） Doesnt say四、阅读理解60 Most commercial letters of credit are documentary, meaning that certain documents must be included with any drafts drawn under the terms of the credit. Documents required usually include an order bill of lading, a commercial invoice, and any

47、 of the following; consular invoice, insurance certificate or policy, certificate of origin, weight list, packing list.The first is the standby letter of credit, in which the issuing bank undertakes to pay if the applicant does not carry out his obligations. Documents normally called for are evidenc

48、es of the underlying transaction, such as non-negotiable copies of bills of lading, or third party s certificate certifying the non-payment by the applicant. The second is the indemnity for minor discrepancies in the documents given to the shipping company so that the issuing bank may make payment o

49、r the shipping company may release goods to the applicant.61 According to the passage, a documentary letter of credit is one which_.（A）includes any drafts（B） includes drafts accompanied by invoice, bill of lading and other documents（C） is accompanied by invoices, bill of lading and other documents（D）is accompanied by drafts as well as insurance policy and commercial invoices62 A clean credit is one which_.（A）calls for no presentation of it（B） is used instead of first demand guarantee（C） is used without pre