1、现代金融业务（综合）模拟试卷 17及答案与解析 单句理解 （ A） Bank s financial condition is the cause of interest rate risk. （ B） Bank s financial condition has impact on interest rate risk. （ C） Interest rate risk occurs when interest rate moves against the bank s financial condition. （ D） Interest rate risk occurs when inter
2、est rate favours the bank s financial condition. （ A） The issuing bank will send the bill of lading and the L/C to the advising bank. （ B） The issuing bank will notify the advising bank of the bill of lading and the L/C （ C） The advising bank will reimburse the bill of lading and the L/C （ D） The is
3、suing bank will reimburse the bill of lading and the L/C （ A） Forward transactions is not of typical foreign exchange transactions. （ B） Typical foreign exchange transactions occur in the spot or cash market. （ C） Forward transactions don t occur in the spot or cash market. （ D） Typical foreign exch
4、ange transactions occur only in the spot market. （ A） The company changed idea. （ B） The company preferred an L/C to collection. （ C） The company did not want an L/C （ D） The company applied for documentary collection. （ A） Banks often change their base rate. （ B） Banks seldom change their base rate
5、. （ C） Banks never change their base rate. （ D） Banks change their base rate at regular intervals. （ A） The forward price for a currency is always the same with the spot price. （ B） The forward price for a currency is always different from the spot price. （ C） Theoretically, the forward price is alm
6、ost always either higher or lower than the spot price. （ D） Theoretically, the forward price for a currency is always the same with the spot price. （ A） The bank had aggregate assets of USD80,200,000. （ B） The bank had aggregate assets of USD80,020,000. （ C） The bank had aggregate assets of USD8 ,20
7、0,000. （ D） The bank had aggregate assets of USD18 ,200,000. （ A） Credit card customers are given a right to buy goods and services. （ B） The cardholder can buy goods and services within the credit limit. （ C） Normally, banks will set different credit lines to different groups of cardholders. （ D） E
8、ach month the cardholder receives a statement from the bank. （ A） In dealing with collections, banks will do nothing to follow the collection order. （ B） Banks will do something in dealing with the collection order. （ C） Banks should strictly follow the instructions in the collection order. （ D） In
9、dealing with collections, the bank is usually useless. （ A） The supplier is the prime beneficiary of a transferable L/C （ B） The middleman is the prime beneficiary of a transferable L/C （ C） Neither the supplier nor the middleman is the beneficiary of a transferable L/C （ D） In order to be in favor
10、of the middleman, you should open a transferable credit. 对话理解 （ A） Thus she can know the most appropriate investment and the best time of investment. （ B） Thus she can earn a lot of money. （ C） Thus she can help others. （ D） Thus she can know about how much money she has. （ A） Have an account. （ B）
11、Draw on this branch. （ C） Cash a check. （ D） Something personal. （ A） Time deposit. （ B） Savings account. （ C） Current account. （ D） Instant savings account. （ A） About long-term relationship between the banker and the client. （ B） About long-term loans. （ C） About housing loans. （ D） About short-te
12、rm loans. （ A） Husband and wife. （ B） Teacher and student. （ C） Banker and his customer. （ D） Employer and employee. （ A） The performance of a company. （ B） The financial statements. （ C） The detailed information. （ D） An extensive annual report. （ A） Credit card. （ B） Passport. （ C） Travelers chequ
13、es. （ D） I.D.card. （ A） The drawee bank will refuse to pay the draft. （ B） The drawee bank will issue another draft to the customer. （ C） The drawee bank will investigate into the case first. （ D） The drawee bank will pay the draft immediately. （ A） It is to transfer the contract from bank to custom
14、er. （ B） It is to transfer the payment obligation from buyer to seller through banks. （ C） It is to transfer the confirmation from the issuing bank to confirming bank. （ D） It is to transfer the documents from advising bank to issuing bank. （ A） They are convenient. （ B） They are advanced in technol
15、ogy. （ C） They are cumbersome. （ D） They are computerized. 短文理解 （ A） Bank card business. （ B） Bank card fraud. （ C） Technologies used in bank. （ D） International card fraud. （ A） $680 million （ B） $ 860 million （ C） $ 680 billion （ D） $ 860 billion （ A） It s the same over the 10-year period. （ B） It
16、 s getting worse over the 10-year period. （ C） It s getting better over the 10-year period. （ D） There is no way to solve the problem. （ A） To follow the bank s rules and regulations. （ B） To have the right to make full use of the bank s facilities. （ C） To open an account in the bank. （ D） To prote
17、ct the depositors interest. （ A） He makes deposits with a bank. （ B） He withdraws money from a savings account. （ C） He withdraws money from a checking account. （ D） Both A and B （ A） To attract deposits. （ B） To improve bank services. （ C） To eliminate the use of the passbook. （ D） To promote banki
18、ng business. （ A） cash （ B） notes and coins （ C） recorded electronic funds-transfer system （ D） paper gold （ A） Cash would be no longer in use. （ B） There would be more safety guards. （ C） More prisons would be set up. （ D） People would be better off. （ A） Letters of credit （ B） Electronic funds-tra
19、nsfer technology （ C） Credit cards （ D） Traveler s checks （ A） In a cash-free society, bank robberies and cash register robberies would not occur. （ B） Retail shops could operate in safety. （ C） Automatic-teller-machine system would have to change. （ D） Purse snatching would simply become impossible
20、. 一、单项选择题 31 An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an_. （ A） liability （ B） debt （ C） equity （ D） asset 32 Default risk refers to the possibility that a borrower may_. （ A） be unable to repay the principal on his loan （ B） be unable to make th
21、e interest payments on his loan （ C） go bankrupt （ D） all of the above 33 Which of the following terms of payment has the least country risk? （ A） Revocable documentary credits. （ B） Confirmed Irrevocable documentary credits. （ C） Documentary collection D/P. （ D） Documentary collection D/A 34 In ext
22、reme cases, insufficient liquidity can lead to the_of a bank. （ A） inefficiency （ B） inability （ C） solvency （ D） insolvency 35 When financing is without recourse, this means that the bank has no recourse to the _if such drafts are dishonored. （ A） drawee （ B） payee （ C） payer （ D） drawer 36 _are bo
23、nds which carry a rate of interest and give the owner the right to exchange the bonds at some stage in the future into ordinary shares according to a prearranged formula. （ A） Treasury bonds （ B） Corporate bonds （ C） Convertible bonds （ D） Revenue bonds 37 Depending on one s perspective, a financial
24、 instrument can be_. （ A） an asset （ B） a liability （ C） either an asset or a liability （ D） none of the above 38 The reasons for the popularity of Treasury bills are the following except that_. （ A） they are the only money market instruments affordable to individual investors （ B） they are highly l
25、iquid （ C） they are risk-free （ D） they give higher return than other money market instruments 39 The term foreign exchange is best defined by the following statement; it is_. （ A） the rate of exchange between two currencies （ B） synonymous with currency exchange （ C） the place in which foreign curr
26、encies are exchanged （ D） an instrument such as paper currency, note, and check used to make payments between countries 40 What is the middle rate for FRF/CHF, based on the middle rates(0145 ; 2570)for USD/ FRF and for USD/CHF? （ A） 1.0024 （ B） 2.0048 （ C） 0.5012 （ D） 0.2506 二、完形填空 40 In order to【 5
27、6】 foreign exchange administration, maintain strong balance of payments position, China【 57】 the Regulations on Foreign Exchange Administration on January 29,1996. The State Administration of Foreign Exchange is the agency responsible for foreign exchange administration. The SAFE has a similar branc
28、h structure with that of the People s Bank of China, China s central bank. The Bank of China【 58】the principal foreign exchange bank. Other banks and financial institutions,【 59】affiliates of non-resident banks,【 60】 designed transactions with the approval of the SAFE. 41 【 56】 （ A） develop （ B） imp
29、rove （ C） change （ D） conduct 42 【 57】 （ A） declared （ B） abandoned （ C） drafted （ D） promulgated 43 【 58】 （ A） remains （ B） becomes （ C） appoints （ D） will be 44 【 59】 （ A） containing （ B） including （ C） involving （ D） covering 45 【 60】 （ A） may handle （ B） can deal （ C） must conduct （ D） are order
30、ed to 45 On the balance sheet, assets and liabilities are classified as either【 61】 or long-term to indicate their relative liquidity. Liquidity is a【 62】 of how quickly an item may be converted to cash. Therefore ,【 63】 is the most liquid asset. Accounts receivable are a【 64】 liquid asset because t
31、he business expects to collect the amount in cash in the near future.【 65】 are less liquid than accounts receivable, and furniture and buildings are even less so. 46 【 61】 （ A） short-term （ B） current （ C） circulating （ D） futures 47 【 62】 （ A） item （ B） measure （ C） means （ D） way 48 【 63】 （ A） dra
32、ft （ B） check （ C） cash （ D） certificates of deposit 49 【 64】 （ A） relatively （ B） highly （ C） primarily （ D） originally 50 【 65】 （ A） Facilities （ B） Commodities （ C） Devices （ D） Supplies 三、判断正误 50 A commercial bank shall formulate its business rules, establish and improve its business management
33、, the system of cash control and its security system in accordance with the stipulations of the People s Bank of China. A commercial bank shall establish and improve its systems of examining and checking deposits, loans settlements and bad and doubtful accounts. The PBC can exercise examination of c
34、ommercial bank at any time in accordance with the relevant provisions. The personnel in charge of the examination and supervision should produce their legitimates at the time of conduction examination and supervision. A commercial bank shall provide financial accounting information, business contrac
35、ts and other information about its business and management at the request of the People s Bank of China. A commercial bank is subject to the audit control by the auditing authorities in accordance with the audit law and regulations. 51 The PBC can exercise examination of a commercial bank at any tim
36、e. （ A） Right （ B） Wrong （ C） Doesnt say 52 A commercial bank shall establish and improve its system of internal control according to law. （ A） Right （ B） Wrong （ C） Doesnt say 53 A member staff of the PBC should present his legitimate certificate for on-site examination. （ A） Right （ B） Wrong （ C）
37、Doesnt say 53 Funds derived from term loans are used for a number of purposes. One of the most important is the purchase of buildings and equipment needed by the borrower to maintain a competitive position and keep pace with the demand for the firm s products. In addition, increased sales usually ca
38、ll for increased working capital, which may be financed through term borrowing. Term loans are used to finance new ventures, at which a firm adds a new product or integrates vertically to produce some portion of the raw materials needed in its operations. Term borrowing is also used to refinance exi
39、sting obligations. Frequently, the borrower needs to draw down the funds over a period of many months, as in the case of a major plant expansion or the acquisition of a fleet of aircraft. In such cases it is common practice to combine the term loan agreement with a commitment agreement or revolving
40、credit. The lender agrees to make funds available to the borrower as they are needed over a period of, say, two years up to a specified total amount. The agreement also provides that at the end of the commitment period the entire amount borrowed to that date shall be incorporated in a term loan. For
41、 an arrangement of this kind, the borrower is normally required to pay a commitment fee of from one-fourth to one-half of 1 percent on unborrowed amounts during the period of the bank s commitment. 54 Term borrowings are used to finance the borrowers to purchase buildings and equipment needed , work
42、ing capital and existing obligations. （ A） Right （ B） Wrong （ C） Doesnt say 55 The borrower may draw the funds from the credit aggregates within the time limit for expanding their operations. （ A） Right （ B） Wrong （ C） Doesnt say 56 A revolving credit commitment gives the borrower assurances of the
43、availability of funds over unexpected period of tight credit in future years. （ A） Right （ B） Wrong （ C） Doesnt say 57 The term-loan agreement specifies a draw-down period of, say, up to two years, during which the funds must be used by the borrower; otherwise the borrower is not allowed to draw dow
44、n any unused credit. （ A） Right （ B） Wrong （ C） Doesnt say 57 Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans. It serves the needs of industry and commerce, government and local authorities. Private sector firms borrow their wor
45、king capital(current assets minus current liabilities)from the money market, which used to be mainly via commercial banks; the role of banks as middlemen has now diminished, even for the working capital requirements. Private sector firms raise their fixed capital by the issue of shares or commercial
46、 paper bonds. Government and local authorities borrow medium and long-term capital by issuing gilt-edged stocks and bonds. The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London. 58 An industrial corporate can meet its financial needs b
47、y seeking funds from the capital market. （ A） Right （ B） Wrong （ C） Doesnt say 59 Nowadays a private business usually obtains its working capital through a commercial bank. （ A） Right （ B） Wrong （ C） Doesnt say 60 In the UK commercial banks often raise funds by issuing bonds and stocks. （ A） Right （
48、 B） Wrong （ C） Doesnt say 四、阅读理解 60 A bank s bookkeeping system is trying to prove three things that all the day s transactions have gone through for the right amounts, that they have all been posted to the right accounts, and that the fresh balances of those accounts are correct after recording the
49、 transactions. The waste lists all the day s transactions. At the end of the day you prove that no transactions are missing or wrong by balancing the total debits against the total credits. Next, you prove that all transactions have reached the ledger correctly by balancing the total debits and credits on various parts of the ledger against the corresponding totals in the waste. A bank proves that the right accounts have been posted by comparing the ledger entries with the vouchers. These are separately check
