1、初级银行综合类模拟试卷 7及答案与解析 一、单项选择 1 You customer asks your bank to handle a colleetion outwards on his behalf. Your bank are _. （ A） the reimbursing bank （ B） the negotiating bank （ C） the remitting bank （ D） the collecting bank 2 A cheque crossed“ account payee“ _. （ A） can only be accepted for the accoun
2、t of the named payee （ B） can be accepted for the credit of an account other than that of the named payee provided the collecting bank makes enquiries （ C） prevents negotiation of the cheque and, therefore, has the same effect as a “notnegotiable“ crossing （ D） is an example of a special crossing 3
3、The following are the basic functions of a bill of lading except to act as _. （ A） a receipt for the goods from the shipping company to the exporter （ B） a certificate of origin, which certifies that the goods were produced in a particular country （ C） a document of title to goods being shipped over
4、seas （ D） a quasi negotiable document 4 In extending loans, one of the principles that a commercial bank persists in is _. （ A） free from interference of local government （ B） against collateral （ C） based on sole responsibility to its profits and losses （ D） in pursuance of the law of the Peoples B
5、ank of China 5 A cheque payable to ABC Company is credited to the personal account of Mr. Gao. The bank _. （ A） is correct in crediting the account （ B） is merely doing what is requested by its customer （ C） has committed an act of negligence （ D） will make a claim on its principal 6 Customers tradi
6、ng abroad in foreign currencies may protect against the exchange risk by arranging _. （ A） a contract of international sale of goods （ B） a contract of marine insurance （ C） a forward contract to fix the exchange rate in advance （ D） contract for the delivery of goods by installment 7 A company that
7、 has the use of a vehicle upon payment of a sum of money on a regular basis over a long period of time is using the finance service of _. （ A） factoring （ B） hire purchase （ C） leasing （ D） installment credit 8 A rise in interest rate will cause _. （ A） an increase in borrowing and a slowing - down
8、of credit creation （ B） a decrease in borrowing and an increase in credit creation （ C） an increase in borrowing and an increase in credit creation （ D） a decrease in borrowing and a decrease in credit creation 9 There are three ways in which a banker may take security for an advance: (1) lien (2) b
9、y pledge (3) by mortgage (4) by indemnity （ A） (1), (2), (3) （ B） (1), (2), (4) （ C） (2), (3), (4) （ D） (1), (3), (4) 10 International payments and other messages are often sent through an international computer network called _. （ A） CHAPS （ B） SWIFT （ C） CHIPS （ D） CHATS 二、完型填空 10 investigate, qua
10、ntity, discount, negligence, replements, discrepancy, packing list, unsaleable, inferior, penalty clause, up to standard Complaints are often received by companies who ship consignments overseas. These complaints are sometimes about the【 26】 of goods received. Perhaps not enough goods were sent, per
11、haps too many. And sometimes it is a complaint that the wrong goods were sent. Often there are complaints about【 27】 packing, which can cause damage to the goods. Sometimes the complaint is about inferior quality. Buyers in this case often complain that the goods are not【 28】 There may be a【 29】 bet
12、ween the description of the goods in the brochure and the goods which actually arrived. A complaint may be about a delay in shipment, although companies often have a【 30】 in their contract to protect them against loss from delay. Complaints about damage are usually the business of insurance companie
13、s, but if the damage is caused by the【 31】 of the packers, then the insurance companies will not accept responsibility. When there is a complaint that the wrong goods were sent, or too many, or too few, then it is always necessary to check the【 32】 for the cases, as well as the invoice. Then the age
14、nt must【 33】 what happened. The goods may still be in the port of unloading. Bad, inferior or inadequate packing may cause damage to goods in transit. The buyers may accept damaged goods if the supplier offers a【 34】 , but if the goods arc badly damaged they may be【 35】 , and in this case the buyer
15、will demand replacements. 三、阅读理解 20 The original issuer of a security is referred to as a borrower, and the purchaser is referred to as a lender. Most securities traded in the secondary markets belong to one of two broad classifications: bonds or stocks. Bonds are credit instruments redeemable in a
16、given number of dollars and yielding a fixed return. Important characteristics of bonds include face (or par) value, maturity date, and coupon rate. Face values for most bonds are 5; 1 000, although some government issues have $ 10 000 face values. Face value represents the total amount of cash paya
17、ble to the owner at the bonds maturity date, which can range from 1 to 30 years. Prior to maturity, yearly coupon payments equal to the coupon rate times the face value are paid. These coupons represent a profit to the bond owner. Coupon rates on newly issued bonds closely follow the level of intere
18、st rates in the economy. Once set in the initial primary market sale, however, the coupon on a given issue will not change in response to changing interest rates in the economy. Instead, the market price of the bond changes. When a bonds coupon rate is equal to the general level of interest rates pr
19、evailing in the economy, the bonds market price will be equal to its face value. When the coupon rate is higher than prevailing interest rates, the bond will sell at a premium over its face value. When the coupon rate is lower than prevailing interest rates, the bond will sell at a discount from its
20、 face value. Interest on bonds constitutes a legal obligation, and failure to pay it may result in bankruptcy. Preferred stocks are similar to bonds in that they have stated face values (often 100) and a specified dividend payment (similar to a bonds coupon). They differ from bonds because they do n
21、ot have a scheduled maturity date and because yearly dividends may remain unpaid for a few years without forcing the issuer into bankruptcy. Common stocks have no specified yearly cash payments or maturity date. These securities have an infinite life on which cash will be earned only if the issuer h
22、as satisfactory profits. Because the cash returns on bonds are the most certain, they are viewed as the least risky investment and provide the lowest expected rate of return. Preferred stocks are viewed as more risky than bonds and less risky than common stocks. Common stocks are the most risky and
23、provide the largest expected returns. 21 A secondary market is where _. （ A） the original security issuers sells their securities. （ B） the original lender trade securities with other people. （ C） loans are borrowed and paid with interest. （ D） bond and stocks are traded by the original borrowers an
24、d leaders. 22 If a security bears face value, maturity date and coupon rate, we call it a _. （ A） stock （ B） bond （ C） coupon （ D） preferred stock 23 According to the passage, a coupon is _. （ A） part of a bond which shows the profit to the bond owner. （ B） a ticket to buy something at a lower price
25、. （ C） a ticket that can be used as money. （ D） a ticket that shows the face value of a bond. 24 Coupon rate on newly issued bonds closely follow the level of interest rates in the economy and _. （ A） change as the interest level changes. （ B） will not change once it is set. （ C） change as the marke
26、t price of the bond changes. （ D） change according to its maturity date. 25 Preferred stocks are similar to bonds except that _. （ A） they dont have face value. （ B） they dont have interest. （ C） they dont have maturity date. （ D） they dont have a scheduled maturity date and dividends may remain unp
27、aid for a long time. 25 In 1944, officials from forty - five nations assembled for a historic meeting at Bretton Woods in the United States. Even though World War II was still going on, international monetary authorities and world leaders were planning for the future. They wanted to make provisions
28、for the economic problems they expected to follow by the end of the war. These efforts resulted in the formation of the International Monetary Fund. The IMF attempts to encourage monetary cooperation, to promote excharige rate stability, and to plan international arrangements on ex- change rates. In
29、 addition, the Fund attempts to prevent competitive exchange rate reductions among its members. It also tries to eliminate or reduce any foreign exchange controls that slow down world trade. In order to attain these objectives, however, very large financial reserves are needed. The necessary reserve
30、s are obtained in the form of deposits, which are required from each member when joining the Fund. The size of the deposit is known as the members quota. The quota is the heart of the International Monetary Fund. The Fund authorities set the size of the quota. It is based on the economic importance
31、of the country as shown by such indicators as populations, international trade, and GNP. Traditionally, the quota has been paid in a combination of gold and the members own currency, with 25 percent in gold and the rest in currency. It is important because it determines the maximum amount that the m
32、ember can draw out in times of difficulty. Sometimes new members have succeeded in reducing the quotas set by the IMF. They have usually regretted this decision when they later needed to withdraw large a- mounts from the Fund. Perhaps the main function of the IMF has been to help members with balanc
33、e of payments problems so as to prevent a monetary crisis. For instance, a small country could experience storm, which greatly reduced its main export crop. Because of the considerable shortfall in ex- port, the country would earn much less foreign exchange than usual. As a result, there would be a
34、current account deficit. Tile country could have difficulty in paying for essential imports, for its official reserves might not provide enough foreign exchange. Without help from abroad, the country could solve the payments problem in two ways. It could allow its currency to devalue because of the
35、reduced international demand, or it could prevent the exchange rate from falling by using exchange control. Both of these methods seem too dramatic. However, because the countrys problems are very short - term ones. Under these circumstances, the Compensatory Finance Facility can be used to obtain t
36、he necessary foreign exchange. 26 The objectives of the IMF are _. （ A） to encourage monetary cooperation and to promote exchange rate stability. （ B） to plan international arrangements on exchange rates. （ C） to prevent competitive exchange rate reductions. （ D） all of the above. 27 When joining th
37、e Fund, _. （ A） each member is required to deposit money to the Fund. （ B） some members are required to deposit money to the Fund. （ C） all the members are required to deposit the same amount of money to the Fund. （ D） only a few large countries are required to deposit money to the Fund. 28 The memb
38、er quota is _. （ A） the money a member is required to deposit when joining the Fund. （ B） the money a member could withdraw from the Fund each year. （ C） the total amount of money the IMF has. （ D） the money a member should deposit when withdrawing the Fund. 29 A member of the IMF could withdraw lar
39、ge amounts of money if _. （ A） it has reduced its quota. （ B） it has deposited a large quota. （ C） it has increased its quota. （ D） it has paid tile quota in gold. 30 Compensatory Finance Facility can be used _. （ A） to provide a member nation with its currency. （ B） to help a member nation devalue
40、its currency. （ C） to help a member nation examine its difficulties. （ D） to help a member nation with foreign exchange when it is in difficulty. 四、英释汉 31 Treasury bonds refer to coupon bearing government securities with a relatively longer maturity. 32 An insurer might be sound financially and yet
41、indulge in practices that are detrimental to the public, such as unfairly discriminating against an insured or engaging in sharp claim practices, which should be supervised and regulated. 五、判断正误 32 An auto loan John Baker works in the loan department of a bank in Denver, Colorado. He is a loan of- r
42、icer. Stanley Fanelli has an appointment with him now to ask about a loan. He needs money to buy a new car. Mr. B: Hello, Mr. Fanelli. Please have a seat. What can I do for you today? Mr. F: I want to borrow some money to buy a car. A friend of mine, Jack Richardson, bought a new car last week. He t
43、old me that he got his loan here. Mr. B: Oh yes. I remember him. I was the loan officer who spoke with him. Mr. F: He said that you were very helpful. I know very little about loans and I hope you can explain things to me. Mr. B: I will certainly try. What questions did you have for me? Mr. F: First
44、, I want to know if loans for buying cars are commercial loans or personal loans. Mr. B: Neither, Mr. Fanelli. Theyre auto loans. A commercial loan is principal that banks lend to businesses. Personal loans are made to individuals, but not for buying cars. Mr. F: What about interest rates? Mr. B: Th
45、e rate of interest currently in effect on auto loans is 16%. Mr. F: For how long will I have to make monthly payments? Mr. B: The term of the loan is three years, so there will be 36 monthly payments. Mr. F: Do I have to give the bank any collateral? Mr. B: The car serves as collateral. If you defau
46、lt, the bank can take possession of the car. The bank also checks your credit file to make sure that you always paid back your loans in the past. Do you have any charge accounts? Mr. F: My wife and I bought our furniture with our charge card and we even used it to buy airplane tickets for our vacati
47、on in California last year. We paid off both those debts promptly. Mr. B: Thats very good. I assume there will be no problem. But the first thing you have to do is fill out this loan application. Mr. F: Thank you very much. Ill start right now. State whether each statement is true or false based on
48、the dialogue between John Baker and Stanley Fanelli. 33 Mr. Fanelli needs a loan to buy his new car. （ A） True （ B） False 34 A teller gave him the loan. （ A） True （ B） False 35 Car loans are personal loans. （ A） True （ B） False 36 The tenure of auto loans is three years. （ A） True （ B） False 37 Mr.
49、Fanelli doesnt have any charge accounts. （ A） True （ B） False 37 Applying for a mortgage Susan Thomas and her husband Alan have decided to buy a house. They have seen one that they like and now have to get a mortgage loan. Susan goes to see Joan Bentley. Ms. Bentley works in the mortgage department of the Yorktown Bank in Texas, where the Thomases live. Ms. B: Hello, Mrs. Thomas. How are you today? I hear you want to apply for a mortgage loan with us. Mrs.
