1、初级银行综合类模拟试卷 5及答案与解析 一、单项选择 1 She _ 10 000 to charity in her will. （ A） audited （ B） settled （ C） bequeathed 2 You have to pay high _ on an estate. （ A） trust funds （ B） taxes （ C） returns 3 The _ will distribute the property of the deceased according to his last will and testament. （ A） heir （ B） ex
2、ecutor （ C） returns 4 In the U. S. , people must fill out their tax _ by April 15. （ A） returns （ B） appraisals （ C） bequests 5 My lawyer will _ my will. （ A） draw up （ B） name as （ C） probate 6 The spot rate of United States dollars is 1.59 1.60; the three month premium is 0.50 0.45 cents. What is
3、the rate at which a UK bank would buy dollars under a three -month fixed forward contract? （ A） 1. 5945 （ B） 1. 5955 （ C） 1. 6045 （ D） 1. 6050 7 There are four main methods of securing payment in international trade: (1) payment under documentary credit (2) open account (3) collection that is docume
4、nts against payment or acceptance of a bill of exchange (4) payment in advance From an exporters point of view the order of preference is _. （ A） (1), (2), (3), (4) （ B） (4), (3), (1), (2) （ C） (4), (I), (3), (2) （ D） (2), (4), (1), (3) 8 According to the Commercial Banking Law of our country the to
5、tal sum of the working capital to be allocated to all branches shall not exceed _ of the total capital of the commercial bank. （ A） 50% （ B） 40% （ C） 60% （ D） 0.7 9 Under FOB terms the bill of lading would state _. （ A） goods loaded on board freight paid （ B） goods loaded on board freight payable at
6、 destination （ C） goods received for shipment freight paid （ D） goods received for shipment freight payable at destination 10 From the point of view of a Chinese bank, _ is our banks account in the books of an overseas bank denominated in foreign currency. （ A） a vostro account （ B） a nostro account
7、 （ C） a mirror account （ D） a record account 二、完型填空 10 Required, honour, dispatched, resulted, received, irrevocable, release, declared, prepared, handed Goods should not be【 21】 direct to address of a bank or consigned to a bank without prior agreement on the part of that bank. In the event of good
8、s being dispatched direct to the address of a bank or consigned to a bank for delivery to a drawee against payment or acceptance or upon other terms without prior agreement on the part of that bank, the bank has no obligation to take delivery of the goods, which remain at the risk and responsibility
9、 of the party dispatching the goods. In practice, great careis【 22】 when goods ale consigned to the bank as large losses have【 23】 from incorrect procedures being followed. Quite often, goods consigned to the bank will arrive by air before the supporting documents have been【 24】 . At this stage we w
10、ill have little indication of the value of the collection other than the【 25】 value of the goods for customs purposes. It is therefore important that a letter of【 26】 is only【 27】 to the drawee who is undoubted and is【 28】 to sign an【 29】 undertaking to【 30】 the documents upon presentation regardles
11、s of the terms of those documents. 三、阅读理解 20 A note receivable is a negotiable instrument, which means it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly, payees sometimes sell a note receivable to another party before the note matures. Th
12、e payee endorses the note and hands it over to the note purchaser-often a bank-who collects the maturity value of the note at the maturity date. Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This
13、 lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early. Assume that the maturity date of the Dorman note is January 18, 1995 and that General Electric disc
14、ounts the Dorman note at First City National Bank on December 9, 1994. The discount period-which is the number of days from the date of discounting to the date of maturity (this is the period the bank will hold the note) - is 40 days; 22 days in December, and 18 days in January. Assume the bank appl
15、ies a 12 percent annual interest rate in computing the discount value of the note. The bank will want to use a discount rate that is higher than the interest rate on the note in order to increase its earnings. GE may be willing to accept this higher rate in order to get cash quickly. The discounted
16、value, called the proceeds, is the amount that GE receives from the bank. The proceeds are computed as follows: General Electrics entry to record discounting the note is: Dec. 9, 1994cash $ 15 170 Note receivable Dorman Builders $ 15 000 Interest Revenue $ 170 TO RECORD DISCOUNTING NOTE RECEIVABLE A
17、t maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue. Observe two points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discount
18、ing period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December 9, 1994). 21 What is a note receivable? （ A） It is a note received by a payer. （ B） It is paper currency paid for documents as well as notes. （ C） It is a negotiable instrument which may be us
19、ed to transfer funds from one person to another. （ D） It is a negotiable instrument which may be transferable from one person to another. 22 What does a payee have to do when he discounts a note receivable with a bank? （ A） He has to collect the maturity value of the note on the discounting date. （
20、B） He has to endorse the note. （ C） He has to sell it to the note purchaser. （ D） He has to get cash quickly. 23 What is called discounting a note receivable? （ A） Purchasing a note receivable. （ B） Receiving less money than the principal amount of the note. （ C） Selling a note receivable before mat
21、urity. （ D） Giving up some of tile interest revenue of the note. 24 How is discounting period calculated? （ A） From December 9, 1994 to January 18, 1995. （ B） The discounting period begins with the date of making the note and end with date of selling it to the note purchaser. （ C） The number of the
22、days is calculated from the date of discounting to the date of maturity. （ D） The days of discounting period involve the discounting date and the maturity date. 25 How much interest revenue does General Electric receive in discounting the note receivable? （ A） 15 000 （ B） 15 170 （ C） 15 357 （ D） 170
23、 25 What determines the rate of exchange between currencies will be examined later in this booklet, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly
24、 in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence in part the term “exchange rate“, which was maintained even though other methods
25、of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a bankers draft drawn in dollars. The bank is able to do this
26、 because it will have an account with another bank (called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier. Since there is a danger that the draft may be lost or fa
27、ll into the wrong hands the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the US to pay on behalf of its customer the required sum to the named recipient from the British banks dollar
28、account. This mail transfer system is very flexible since the instructions for payment can be varied or elaborated to suit practically every kind of requirement. 26 How many methods of settlement are mentioned in this passage when the British importer needs dollar to pay his Americans supplier? （ A）
29、 Two. （ B） Three. （ C） One. （ D） Several. 27 Why is the British bank able to offer its customer a bankers draft drawn in dollar? （ A） Its US correspondent bank prefers to make the payment. （ B） It will send dollar in cash by airmail. （ C） It has a dollar account with another bank in an American city
30、 where the beneficiary lives. （ D） Its customer has a dollar account with it. 28 What will the correspondent bank do in the settlement according to this passage? （ A） It will make payment in dollars against the bankers draft. （ B） It will send the draft to the bank in Britain. （ C） It will issue a d
31、ocumentary credit. （ D） It will have an agreement with the bank mentioned. 29 What is the safer and more normal method for the importers bank to effect the settlement? （ A） To issue a bankers draft. （ B） To arrange for payment by mail transfer. （ C） To make the payment to its correspondent bank. （ D
32、） To ask the importer to pay the money on his dollar account. 30 Who is the “recipient“ in the settlement? （ A） The correspondent bank. （ B） The British bank. （ C） The British importer. （ D） The American supplier. 四、英释汉 31 Money guarantees that there is always a double coincidence of wants . 32 The
33、participants in the financial system can be classified into five broad groups: savers; investors and other borrowers; financial intermediaries; brokers and advisers; and regulators. 五、判断正误 32 Harper it shows revenues less cost of goods sold ( gross margin) less selling and administrative expenses. T
34、his approach is useful for financial reporting purpose; it provides outside readers with information about companys progress and about which functional areas are being emphasized. For managements use in the decision-making process, however, an income statement that follows a cost behavior approach,
35、often referred to as a Contribution Margin Income Statement, is more valuable. 36 When the management of a business makes some decisions, it often refers to the normal income statement because the normal income statement is more useful. （ A） Right （ B） Wrong （ C） Doesnt say 37 Form the functional in
36、come statement we can see clearly the total revenue, total cost and gross profit etc. （ A） Right （ B） Wrong （ C） Doesnt say 38 From the normal income statement we can see gross margin. （ A） Right （ B） Wrong （ C） Doesnt say 六、写作题 39 Describe the linkages among prices, exchange rates, interest rates a
37、nd other variables according to the numbers given in the chart. 初级银行综合类模拟试卷 5答案与解析 一、单项选择 1 【正确答案】 C 2 【正确答案】 B 3 【正确答案】 B 4 【正确答案】 A 5 【正确答案】 C 6 【正确答案】 B 7 【正确答案】 C 8 【正确答案】 C 9 【正确答案】 B 10 【正确答案】 B 二、完型填空 11 【正确答案】 despatched 12 【正确答案】 required 13 【正确答案】 resulted 14 【正确答案 】 received 15 【正确答案】 dec
38、lared 16 【正确答案】 release 17 【正确答案】 handed 18 【正确答案】 prepared 19 【正确答案】 irrevocable 20 【正确答案】 honour 三、阅读理解 21 【正确答案】 D 22 【正确答案】 B 23 【正确答案】 C 24 【正确答案】 C 25 【正确答案】 D 26 【正确答案】 B 27 【正确答案】 C 28 【正确答案】 A 29 【正确答案】 B 30 【正确答案】 D 四、英释汉 31 【正确答案】 货币保证了双方需求一致的存在。 32 【正确答案】 金融体系的参与者大体上可分为五类：储蓄者、投资者和借款者、金融中
39、介机构、经纪人和专家、管理者。 五、判断正误 33 【正确答案】 A 34 【正确答案】 B 35 【正确答案】 A 36 【正确答案】 B 37 【正确答案】 A 38 【正确答案】 A 六、写作题 39 【正确答案】 These six relationships can be stated more explicitly as follows: inflation rate = rate of growth of money supply a rate of growth of real gross national product (too much money chasing too
40、 few goods) rate of change of exchange rate = inflation rate differential ( purchasing power parity theory) interest rate = “real“ interest rate expected inflation rate (Fisher effect: one country) expected rate of change of exchange = interest rate differential ( international Fisher effect) forward exchange premium or discount = interest rate differential ( interest rate parity theory) forward premium or discount = expected rate of change of exchange rate ( unbiased for- ward rate theory)
