1、现代金融业务（综合）模拟试卷 15及答案与解析 单句理解 （ A） People can draw the money on CDs whenever they want. （ B） People can sell their CDs in the money market whenever they want. （ C） A CD is a demand deposit as opposed to a term security. （ D） CDs dont have a specified maturity date. （ A） The Bank of China is not a sta
2、te-owned enterprise. （ B） The Bank of China is a foreign exchange bank. （ C） The Bank of China is not a foreign exchange bank. （ D） The Bank of China is not very important. （ A） The amount on the cheque is larger than in the account. （ B） The car can be covered with your cheque. （ C） The cheque you
3、wrote can not cover the car. （ D） The amount on your cheque is just that in your account. （ A） The bank must take the purpose of loan into consideration carefully. （ B） The bank wonders if the loan is used for illegal or speculative purpose. （ C） The bank worries that the loan is used for illegal or
4、 speculative purpose. （ D） The bank must consider a way for the loan to be used for speculative purpose. （ A） The discount rate and the stock prices move in the same direction. （ B） The discount rate and the stock prices move in the adverse directions. （ C） When the Fed raises stock prices, the disc
5、ount rate is likely to move downward. （ D） When the Fed lowers stock prices, the discount rate tends to rise. （ A） They will write to their home. （ B） They will write to their headquarter. （ C） They will ask for their rights. （ D） They will wait for an officer. （ A） If a shareholder owns more shares
6、, he can receive more cash dividends. （ B） Cash(iividends are paid to each shareholder on the date of declaration. （ C） The number of shares has little impact on cash dividends paid to each shareholder. （ D） Cash dividends will be paid from the proceeds of the share issuance. （ A） The banks have an
7、incalculable liability under the documentary credit revolving in value. （ B） The banks prefer to issue the documentary credit revolving in value. （ C） The buyer has less liability under the documentary credit revolving in value. （ D） The banks are involved in less liability by issuing the documentar
8、y credit revolving in value. （ A） If future contracts are standardized, brokers would not assess contract specifications. （ B） As long as future contracts are standardized, floor trading would be made slow accordingly for brokers to evaluate contract specifications. （ C） Whether future contracts are
9、 standardized or not, floor trading will not be influenced. （ D） Futures contracts must be standardized, otherwise, floor trading would be made very slowly since specifications of each contract would be assessed. （ A） We paid you early as required. （ B） Your documents came to us as required. （ C） Yo
10、ur documents have been correctly presented as required. （ D） You did not present the documents as required. 对话理解 （ A） The minimum deposit reserve. （ B） Adjusting the base interest rate. （ C） Regulating rediscounting. （ D） Open market operations. （ A） 880 yen. （ B） 794 yen. （ C） 719 yen. （ D） 888 yen
11、. （ A） A bill of exchange with a 90-day maturity for $ 6 ,075. 00. （ B） A bill of exchange with a 60-day maturity for $ 6,075. 00. （ C） A bill of exchange with a 90-day maturity for $ 6,750. 00. （ D） A bill of exchange with a 60-day maturity for $ 6 ,750. 00. （ A） Cash. （ B） Sight deposit. （ C） Cash
12、 dispenser. （ D） Cheque. （ A） To make investment. （ B） To record data. （ C） To provide useful information. （ D） To understand some basic accounting principles. （ A）￥ 90,000 in notes and ￥ 68 ,000 in travelers cheques. （ B）￥ 68,000 in notes and ￥ 90,000 in travelers cheques. （ C）￥ 6,800 in notes and
13、￥ 9,000 in traveler s cheques. （ D）￥ 9,000 in notes and ￥ 6,800 in travelers cheques. （ A） All the main commercial banks in Britain agreed to issue a standardized form of cheque card. （ B） British banks started to issue credit cards. （ C） Customers of British banks may cash their cheques in European
14、 countries. （ D） Commercial banks in the United States began to issue cheque card. （ A） The bank will cash the check immediately. （ B） The bank will issue a new bank account and deposit the money for him. （ C） The bank will cash it for him until the proceeds are collected from the paying bank. （ D）
15、The bank will endorse the check before payment. （ A） Collection Order. （ B） Bill of Lading. （ C） Letter of Credit. （ D） Certificate of Origin. （ A） Cheque cards. （ B） Credit cards. （ C） Debit cards. （ D） Smart cards. 短文理解 （ A） hotel expenses （ B） stock exchange （ C） plane expenses （ D） restaurant ex
16、penses （ A） It can avoid the necessity of carrying large amount of cash. （ B） You needn t purchase large amounts of traveler s checks. （ C） You neednt use personal checks in places other than your own locality. （ D） It can t provide an instant cash service in case you run out of money. （ A） very use
17、ful and convenient （ B） useless （ C） a waste of money （ D） not popular （ A） American Express. （ B） Chinese Peony Card. （ C） Dragon Card. （ D） Credit Card. 25 About a business operating cycle, which of the followings is the most accurate? （ A） 12 months （ B） half a year （ C） the time span during whic
18、h cash is used to acquire goods and services （ D） always longer than a year 26 Which of the following does not belong to current assets? （ A） cash （ B） account payable （ C） account receivable （ D） note receivable 27 Which of the following is not long term-assets? （ A） machine （ B） building （ C） land
19、 （ D） inventory for the retailer （ A） preferred stock （ B） common stock （ C） concept stock （ D） cynical stock （ A） to balance risk and to get proper mix of investments （ B） to achieve higher return from investments （ C） to invest in blue chips （ D） to get back money before retirement （ A） the higher
20、 return, the more the risk （ B） the older the person gets, the less risk he should face （ C） the greater the asset portfolio, the higher the return （ D） investors should speak to their investment advisor 一、单项选择题 31 The price in the foreign exchange market is called_. （ A） the trade surplus （ B） the
21、exchange rate （ C） the money price （ D） the currency rate 32 If the beneficiary does not bank at the bank on whom the draft is drawn, the funds will be treated as_. （ A） uncollected （ B） uncleared （ C） unclaimed （ D） uncommitted 33 Government securities would appear on a commercial bank s balance sh
22、eet as_. （ A） an asset （ B） reserves （ C） part of net worth （ D） a liability 34 When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its_. （ A） imports automatically increase （ B） currency automatically depreciates （ C） exports automatically decline （ D） currenc
23、y automatically appreciates 35 Money market securities are_. （ A） essentially issued by governments, financial institutions, and large corporations （ B） very liquid and earns high return （ C） denominated in small sums so that individual investors can deal in them （ D） purchased by individual investo
24、rs directly 36 Cost accounting analyzes a business s cost to help managers_. （ A） expend money （ B） control expenses （ C） pay the debts （ D） make budget 37 Under D/P, all the documents, and usually title to the goods, are released to the buyer upon_. （ A） his acceptance of the draft for payment at a
25、 specified later date （ B） his payment of the amount specified under reserve （ C） his partial payment of the bill amount （ D） his payment of the amount specified 38 A profit and loss statement indicates the company s_. （ A） assets and liabilities at a particular point in time （ B） revenues and expen
26、ses for a specific period of time （ C） financial resources at a particular point in time （ D） performance at a particular point in time 39 You are requested to send us_to authenticate the cable L/C issued by your bank in the future. （ A） your specimen signatures book （ B） your telegraphic test key （
27、 C） your tariffs （ D） your terms and conditions 40 The owner s equity in a business comes from two sources:_. (1)Investment by the owner (2)Notes receivable (3)Earnings from profitable operation of business (4)Accounts receivable （ A） (2)and(4) （ B） (1)and(3) （ C） (1)and(2) （ D） (3)and(4) 二、完形填空 40
28、Underwriting simply means that the investment banker promises to buy the【 56】The investment banks help design the securities and buy it from the【 57】 with the intent of selling it to 【 58】 as quickly as possible. Usually, the issue is not subscribed to in its entirety by the【 59】 investment banker b
29、ut is【 60】 among other institutions as well. 41 【 56】 （ A） securities （ B） stock （ C） bond （ D） funds 42 【 57】 （ A） securities institution （ B） issuer （ C） credit （ D） borrower 43 【 58】 （ A） holder （ B） trader （ C） customers （ D） investors 44 【 59】 （ A） original （ B） primary （ C） leading （ D） centra
30、l 45 【 60】 （ A） combined （ B） syndicated （ C） business combination （ D） joint 45 When the stock market turns down, holders of common stocks traditionally begin to move some portion of their【 61】 out of stocks and into【 62】 to protect themselves against further declines in the market, PI programs att
31、empt to hedge against the possibility of a market decline by【 63】 stock index futures contracts or stock index options(buying stock index put options). The more the market falls, the more futures and options contracts are sold by PI programs. If the market continues to fall, the rise in the value of
32、 the portfolio futures and option positions cushions the decline in the value of the portfolio common stocks. PI managers believe that such hedging programs using futures and options involve lower transaction costs and provide greater【 64】 than the traditional method of actually selling stocks and b
33、uying treasury【 65】 46 【 61】 （ A） treasure （ B） assets （ C） investment （ D） capital 47 【 62】 （ A） cash （ B） futures （ C） options （ D） money 48 【 63】 （ A） borrowing （ B） selling （ C） buying （ D） investing 49 【 64】 （ A） value （ B） liquidity （ C） flexibility （ D） elasticity 50 【 65】 （ A） bills （ B） sto
34、cks （ C） money （ D） value 三、判断正误 50 Besides a current or spot price for currencies(or monies)and spot markets, there are futures markets, where futures(or forward)prices are determined by buying and selling futures contracts. Also, a large volume of forward contracts is made directly between partici
35、pants in the foreign exchange markets. Spot transactions require the exchange of deposits by two days after the date of the contract. Forward transactions require an exchange of deposits at specified longer maturities on the forward contract. There are standardized maturities of three months, six mo
36、nths, and one year, and on major currencies, longer contracts are sometimes available. Banks, acting as financial intermediaries, make available forward contracts tailored exactly to their customers needs, such as 46-day maturity. If the spot price is below the forward price, the currency is said to
37、 be at a forward premium. If the spot price is above the forward price, the currency is said to be at a forward discount. Both spot and forward markets for currencies are subject to control and intervention by governments. The governments may step in to support their domestic currency by buying it.
38、They may impose exchange controls on the repatriation of profits or interest payments. The risk of loss in forward contracts because of these latter controls can be called sovereign risk. Thus spot and forward markets can suffer from imperfections. The evidence, however, generally tends to support t
39、he hypothesis that these markets are approximately efficient, especially the offshore foreign exchange markets that are free of government controls. 51 A great number of forward contracts are made directly between people who take part in the foreign exchange markets. （ A） Right （ B） Wrong （ C） Doesn
40、t say 52 The payments for either spot transactions or forward transactions must be made by transferring deposits. （ A） Right （ B） Wrong （ C） Doesnt say 53 As financial intermediaries, banks can make the maturities of forward contracts infinitely long if their customers expect. （ A） Right （ B） Wrong
41、（ C） Doesnt say 54 If any government imposes exchange control on the repatriation of profits, there will be sovereign risk. （ A） Right （ B） Wrong （ C） Doesnt say 54 The law and FDIC s(the Federal Deposit Insurance Corporation)regulations, which apply to all state member banks and bank holding compan
42、ies, reinforce the Federal Reserve s longstanding policy that an institution-affiliated party who engages in misconduct should not be insulated from the consequences of his or her misconduct. From a safety and soundness perspective, a state member bank or bank holding company should not divert its a
43、ssets to pay a fine or other final judgment issued against an institution-affiliated party for misconduct that presumably violates the institution s policy of compliance with applicable law, especially in cases where the individual s misconduct has already harmed the institution. Although state corp
44、orate laws may allow a company to adopt by-laws indemnifying its institution affiliated parties, any indemnification provisions or agreements adopted by a state member bank or bank holding company must comply with federal law and the FDIC s regulations concerning indemnification. 55 A state member b
45、ank should not pay a fine or other final judgment issued against an institution-affiliated party for misconduct. （ A） Right （ B） Wrong （ C） Doesnt say 56 The federal law and the FDIC s regulations have the same power of financial supervision. （ A） Right （ B） Wrong （ C） Doesnt say 57 It is an institu
46、tion affiliated party who engages in misconduct that should be responsible consequences of his or her misconduct. （ A） Right （ B） Wrong （ C） Doesnt say 57 Forming a corporation is more costly than starting a sole proprietorship. The cost may include, for example, attorneys fees, incorporation fees p
47、aid to the state, and other outlays necessary to bring the corporation into existence. These costs are charged to an asset account entitled organization costs. In the balance sheet, organization costs appear under the other assets caption. Conceptually, organization costs are an intangible asset tha
48、t will benefit the corporation over its entire life. But as a practical matter, most corporations amortize this asset to expense over a period of only 5 years, as allowed under income tax regulations. Because the amortization of organization costs usually is immaterial in dollar amount, this conveni
49、ent treatment is justified by the accounting principle of materiality. 58 Organization costs are belong to assets. （ A） Right （ B） Wrong （ C） Doesn t say 59 Organization costs must be amortized into expenses within 5 years. （ A） Right （ B） Wrong （ C） Doesnt say 60 Organization costs is listed in income statement. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 Larger banks in large cities often specialize in particular ancillary services in addition to the bank deposit services they supply. They may h
