1、初级银行综合类模拟试卷 4及答案与解析 一、单项选择 1 Which of the following is not true of forfaiting? _. （ A） Forfaiting is a form of trade finance with recourse （ B） Forfaiting is the act of purchasing an exporters receivables (the amount the importer owes the exporter) at a discount by paying cash （ C） The forfeiter tak
2、es over the buyer risk （ D） The purchase is usually guaranteed by a bank in the buyers country 2 Market risk refers to the risk of _. （ A） default （ B） financial prices fluctuation （ C） fraud （ D） deferred payment 3 Which of the following is true of a mortgage? _. （ A） The mortgagee retains possessi
3、on of the mortgaged property （ B） The mortgagor retains possession of the mortgaged property （ C） The lender acquires the right to retain the mortgaged property until the mortgage debt is repaid （ D） None of the above 4 Which of the following is usually least important as a measure of short - term l
4、iquidity? _. （ A） Quick ratio （ B） Current ratio （ C） Debt ratio （ D） Cash flows from operating activities 5 Which of the following statements is true? _. （ A） To decrease a receivable, debit the account （ B） To decrease revenue, debit the account （ C） To increase owners equity, debit the account （
5、D） To increase an expense account, credit the account 6 Investment banks are _. （ A） banks that specialize in the management of wealthy peoples investments （ B） financial institutions that make loans to corporations （ C） dealers in primary markets （ D） none of the above 7 What is the name of the doc
6、ument which can make a buyer feel confident that goods are of a certain standard? _. （ A） Certificate of origin （ B） Commercial invoice （ C） Insurance policy （ D） Inspection certificate 8 In documentary collection, the exporters present the documents to _ after goods have been shipped. （ A） the remi
7、tting bank （ B） the collecting bank （ C） the reimbursing bank （ D） the opening bank 9 John writes a check on his ABC Bank account to pay for goods at Peter. Who is the drawee? （ A） John （ B） ABC Bank （ C） Peter （ D） Both A and C 10 From a Chinese banks point of view, the currency account which it ma
8、intains abroad is known as _, while a RMB account operated in China for a foreign bank is termed （ A） a vostro account.a nostro account （ B） a nostro account.a vostro account （ C） a mirror account.a nostro account （ D） a vostro account.a mirror account 二、完型填空 10 abbreviations, overseas, addressee, e
9、fficient, punctuation, hyphenated, telegraphic, brief, minimum, urgent A telegram sent to another country is often called a【 21】 When there is an【 22】message to give or a demand to make, the telegram is the quickest and most【 23】communication. It gives a【 24】 message in the【 25】 number of words, to
10、reduce the cost. The language of telegrams is often difficult, as there is no【 26】 with the exception of the word “STOP“. Recognized【 27】 such as CIF, are also used but you must be careful to write signs which are recognized【 28】 . There are various rules about the number of words. For example,【 29】
11、 words, such ms ready -made, are counted as one word. The name of the【 30】 is included in the number of words. 三、阅读理解 20 The balance of payments is a statistical record of all the economic transaction between residents of the reporting country and residents of the rest of the world during a given ti
12、me period. The usual reporting period for all the statistics included in the accounts is a year. A good or bad set of figures can have an influential effect on the exchange rate and can lead policy makers to change the content of their economic policies. Deficits may lead to the government raising i
13、nterest rate or reducing public expenditure to reduce expenditure on imports. Alternatively, deficits may lead to calls for protection against foreign imports or capital controls to defend the exchange rate. A key definition that needs to be resolved at the outset is that of a domestic and foreign r
14、esident. It is important to note that citizenship and residency are not necessarily the same thing from the viewpoint of the balance of payments statistics. The term residents comprises individuals, households, firms and the public authorities. There are some problems that arise with respect to the
15、definition of a resident. Multinational corporations are by definition resident in more than one country. For the purposes of balance - of - payments reporting the subsidiaries of a multinational are treated as being a resident in the country in which they are located even if their shares are actual
16、ly owned by domestic residents. Another problem concerns the treatment of international organizations such as the International Monetary Fund, the World Bank, United Nations and so forth. These institutions are treated as being foreign residents even though they may actually be located in the report
17、ing country. For example although the International Monetary Fund is located in Washington, contributions by the US government to the Fund are included in the US balance -of-payments statistics because they are regarded as transactions with a foreign resident. Tourists are regarded as being foreign
18、residents if they stay in the reporting country for less than a year. The criterion for a transaction to be included in the balance of payments is that it must involve a transaction between a resident of the reporting country and a resident from the rest of the world. Purchases and sales between res
19、idents from the same country are excluded. 21 What is the balance of payments? （ A） The balance of payments is a digital table of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period. （ B） The balance of payments i
20、s a figured table of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period. （ C） The balance of payments is a statistical record of all the economic transactions between residents of the reporting country and reside
21、nts of the rest of the world during a given time period. （ D） The balance of payments is a digital record of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period. 22 It is important to note that _. （ A） citizenship
22、 and residency are the same thing from the viewpoint of the balance of payments statistics （ B） citizenship and residency are almost the same thing from the viewpoint of the balance of payments statistics （ C） citizenship and residency are indeed the same thing from the viewpoint of the balance of p
23、ayments statistics （ D） citizenship and residency are not necessarily the same thing from the viewpoint of the balance of payments statistics 23 Which of the following statements is tree? （ A） Deficits may lead government to reduce interest rate. （ B） Deficits may lead government to raise expenditur
24、e on imports. （ C） Surplus may lead government to stimulate imports from foreign counties. （ D） Surplus may lead government to reduce expenditure on imports. 24 Which of the following transactions is not included in Chinese balance of payments? （ A） Bond transaction with Citibank. （ B） Service trans
25、action between local enterprise and Sino -foreign joint company incorporated in China. （ C） Capital inflow to Beijing subsidiary of Swiss multinationals. （ D） Loan from IMF. 25 What is the alternative name for the World Bank? （ A） International Bank for Reconstruction and Development. （ B） Internati
26、onal Finance Corporation. （ C） International Development Association. （ D） International Settlement Bank. 25 A Red Clause Documentary Credit is a Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank or any other Nominated Bank to make advances to the B
27、eneficiary before presentation of the documents. The clause is incorporated at the specific request of the Applicant, and the wording is de- pendent upon his requirements. The Red Clause Documentary Credit is so called because the clause was originally written in red ink to draw attention to the uni
28、que nature of this Documentary Credit. The clause specifies the amount of the advance authorized, which, in some in- stances, may be for the full amount of the Documentary Credit. The Red Clause Documentary Credit is often used as a method of providing the seller with funds prior to shipment. Theref
29、ore, it is of value to middlemen and dealers in areas of commerce that require to a form of pre - financing and when a buyer would be willing to make special concessions of this nature. For example, it could be used by a wool importer in England to enable a wool shipper in Australia to obtain funds
30、to pay the actual suppliers (either by direct purchase or through the wool auctions) by obtaining a loan from the Australian bank, either on an unsecured basis or against the security of interim documents. This would enable repayment of the loan, plus interest, from the proceeds due to the Australia
31、n Beneficiary when the wool was shipped and documents were presented in accordance with the terms of the Documentary Credit. If, however, the Beneficiary failed to ship the wool so as to repay the loan by presenting documents called for by the Documentary Credit, the Australian bank would have the r
32、ight to demand repayment, with interest, from the Issuing Bank and that bank would have a similar right of recourse against the Applicant. This kind of arrangement places the onus of final repayment on the applicant, who would be liable for repayment of the advances if the Beneficiary failed to pres
33、ent the documents called for under the Documentary Credit, and who would also be liable for all costs-such as interest or foreign exchange hedging- incurred by the Issuing Bank, the Confirming Bank, if any, or any other Nominated Bank. 26 What does a Red Clause Documentary Credit mean? （ A） It is a
34、kind of Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank to make loans to the sellers prior to shipment. （ B） It is a Documentary Credit without recourse as a “Confirming Bank“ to the Issuing Bank, which clearly did not request or authorizes the ba
35、nk to “add its confirmation“. （ C） It is a Documentary Credit with a special condition incorporate into it that authorizes the Confirming Bank or any other Nominated Bank to provide the Beneficiary with funds before presentation of the documents. （ D） It is a Documentary Credit that may provide for
36、automatic reinstatement immediately upon presentation of the specified documents. 27 Why was the Red Clause Documentary Credit written in red ink? （ A） Because it can analyse the nature of the Documentary Credit. （ B） Because it has the effect of the Documentary Credit. （ C） Because it can draw atte
37、ntion to the unique nature of the Documentary Credit. （ D） Because it can make people believe the nature of the Documentary. 28 How is the Red Clause Documentary Credit used? （ A） It is often used as a means of supplying the seller with funds before shipment. （ B） It is served as a way of providing
38、the seller for funds prior to shipment. （ C） It is often used for the method of providing the seller for funds prior to shipment. （ D） It is often used as a means of supplying the seller for funds before shipment. 29 What would the Australian bank do, if the Beneficiary failed to ship the wool so as
39、 to re- pay the loan by presenting documents? （ A） The Australian bank will have had the right to demand repayment, with interest, from the Issuing Bank. （ B） The Australian bank would have been entitled to demand repayment, with interest, from the Issuing Bank. （ C） The Australian bank would have h
40、ad the right to demand repayment, with interest, from the Issuing Bank. （ D） The Australian bank would be entitled to demand repayment, with interest, from the Issuing Bank. 30 What function does a Red Clause Documentary Credit have? （ A） It puts the liability of repayment on the Applicant. （ B） It
41、places the liability of final repayment on the Applicant. （ C） It has the responsibility of final repayment at the Applicant. （ D） It takes the responsibility of final repayment at the Applicant. 四、英释汉 31 Bancassurance refers to the sale of insurance products through bank distribution. 32 Commodity
42、futures refer to contracts to supply quantities of the underlying commodity at a future date. 五、判断正误 32 A bank manager speaks My name is Jane Carson and Im the manager of a savings bank in Portland, Oregon. My bank is open every day from 8: 30 in the morning until 4: 00 in the afternoon. On Fridays
43、the bank remains open until 6:30 in the evening. Friday is our busiest day. Many people get their paychecks on Fridays and they come into deposit them. I find that on Fridays I have to keep six windows open all day long. My bank tries very hard to reduce the amount of time that customers have to wai
44、f for service. We have many signs to remind people that they need their passbooks for all transactions and that they must fill out their deposit of withdrawal slips completely. If our depositors cooperate with us we can accommodate them with as few delays as possible. Of course, people do forget. Th
45、e tellers inform me that many customers still forget to endorse their checks or try to open or close joint accounts with the signature of only one of the parties. But I hope that my program of information for customers will reduce such delays. Banking has changed a lot in recent years. Computers now
46、 do much of the work that the tellers used to do. As computers improve, they are able to accomplish more difficult tasks and they help us serve our customers better. Another important change in banking, especially for savings banks, are the many different term deposit accounts that are now available
47、 to our customers. Since these certificates of deposit offer very high interest rates they help attract depositors to our bank. I make sure that my staff always has the latest information about these accounts so that they can advise our depositors correctly. My bank is not a very large bank. The tot
48、al of our current assets and fixed assets comes to 15 550 000 dollars. Im proud of our balance sheet. Although some banks across the country are having difficulties, my bank has more assets than liabilities. We are solvent and growing. The number of customers we serve has increased this year and I e
49、xpect that it will continue to grow in the future. Comprehension check State whether each sentence is true or false based on the reading. 33 Jane Carsons bank closes at 3: 00 p. in. on Fridays. （ A） True （ B） False 34 Fridays are very busy days at Jane Carsons bank. （ A） True （ B） False 35 Ms. Carson has an information program for customers. （ A） True （ B） False 36 Computers and term- deposit accounts have brought changes to banks. （ A） True （ B） False 37 Jane Carsons bank has more liabilities than assets. （ A） True
