1、现代金融业务（综合）模拟试卷 19及答案与解析 单句理解 （ A） On Sundays the bank is open till 4: 00 p. m. . （ B） On Sundays the bank is open till 4: 30 p. m. . （ C） On Sundays the bank is closed at 4: 30 p. m. . （ D） On Sundays the bank opens at the usual time. （ A） A Legal tender is the money recognized as a legal medium of
2、exchange. （ B） Money is used as legal tender if it is a medium of exchange. （ C） Money is not used as legal tender until it is a medium of exchange. （ D） Legal tender is the money recognized as a medium of exchange. （ A） A business has an obligation to report the use of the assets to the creditors a
3、nd owners. （ B） A business has an obligation to report the accounts of the company to directors. （ C） The creditors and owners have an obligation to report the use of the assets to the business. （ D） The assets are not owned by the business, but by the creditors and owners. （ A） The aim of such cont
4、rol is to raise the demand for foreign exchange. （ B） The aim of such control is to decrease the supply of foreign exchange. （ C） The aim of such control isn t to maintain a stable exchange rate. （ D） The aim of such control is to maintain a stable exchange rate. （ A） Money brokers generally buy and
5、 sell CDs among themselves. （ B） The buyer and seller of CDs will generally trade through the brokers. （ C） Money brokers never buy and sell CDs among themselves. （ D） CDs are generally bought and sold through the bank. （ A） The check is out of date. （ B） The check is post-dated. （ C） The check is i
6、n too large amount. （ D） The check is a crossed one. （ A） The cost principle states that assets and services that are acquired should be recorded at their current price. （ B） The cost principle states that assets and services that are acquired should be recorded at their actual historical cost. （ C）
7、 The Reliability Principle states that assets and services that are acquired should be recorded at their current cost. （ D） The Reliability Principle states that assets and services that are acquired should be recorded at their actual historical cost. （ A） The collecting bank is the bank at the sell
8、er s country. （ B） The collecting bank acts only as an agent for the remitting bank. （ C） The collecting bank knows the buyer very well. （ D） The collecting bank noticed that the draft and the documents were received. （ A） The relationship between the drawee and collecting bank will be taken into co
9、nsideration first of all. （ B） The remitting banker s instructions will be paid much more attention. （ C） The remitting banker s instructions will be less important than the relationship between the drawee and collecting bank. （ D） The remitting banker must consider the relationship between the draw
10、ee and collecting bank. （ A） Not all the customers are allowed by Internet banking to transact business. （ B） Internet banking allows any customer to transact business from certain places. （ C） Internet banking allows any customer to transact business from certain time. （ D） All customers are allowe
11、d by Internet banking to transact business. 对话理解 （ A） Risk aversion. （ B） Lack of time. （ C） Lack of skill. （ D） Enough time. （ A） Invoice. （ B） Shoes. （ C） Carriage. （ D） Error. （ A） CDs. （ B） Demand deposits. （ C） Fixed-term deposits. （ D） Building societies deposits. （ A） The Euros value remains
12、unchanged. （ B） The value of US dollars has changed a lot. （ C） The American currency is losing value. （ D） The RMB is increasing in value. （ A） In equity securities. （ B） In personal funds. （ C） In securities rated as investment grade. （ D） In property markets. （ A） He lost a cheque and the thief c
13、ashed it. （ B） He opened a cheque account. （ C） A thief stole the money from the bank. （ D） He cashed the cheque but the money was stolen by a thief. （ A） RMB account. （ B） A checking account. （ C） A U. S. dollar account. （ D） A special account. （ A） He has to show the clerk his passport. （ B） He ha
14、s to entrust the draft for collection to the bank. （ C） He has to fill in some forms. （ D） He has to endorse the draft. （ A） USD508.09. （ B） USD58.9. （ C） USD500.89. （ D） USD50089. （ A） A merchant doesnt know the balance before completing a sale. （ B） No security system has yet been devised for pers
15、onal checks. （ C） A personal check is secure at the check stand. （ D） The clerk can examine all the bankcards. 短文理解 （ A） It means that at any time you can buy currency of one country for another currency. （ B） It means that the actual and variable amount of one currency can be bought for a fixed sum
16、 in another currency at any given time. （ C） It means that any kind of currency can be bought at any time for another currency. （ D） It means that the actual and fixed amount of the currency of one country at any time can be bought for a variable sum in the currency of another currency. （ A） Two day
17、s from the dealing date. （ B） 2 days after the dealing date （ C） On the 2nd business day from the dealing date （ D） 2 days before value date （ A） Oct. 10th （ B） Oct. 11th （ C） Oct. 12th （ D） Oct. 13th 24 How often do the FOMC members typically put their heads together? （ A） twice annually （ B） 4 tim
18、es annually （ C） 6 times annually （ D） 8 times annually 25 What is the purpose of the FOMC meeting? （ A） Making decisions on investment portfolio of the FRB （ B） Making decisions on monetary policy. （ C） Making decisions on fiscal policy. （ D） Making decisions on exchange rate of U. S. dollar. 26 Wh
19、ich of the followings presents the forecasts of the U. S. economy? （ A） Blue Book （ B） Green Book （ C） Beige Book （ D） White Book 27 Who determined the actual level of federal funds rate? （ A） The Fed. （ B） Market forces. （ C） The FOMC （ D） none of the above. （ A） Intrinsic value and time value. （ B
20、） Internal value and external value. （ C） Exchange value and time value. （ D） Real value and stated value. （ A） When the spot price is lower than the option exercise price. （ B） When the option exercise price is higher than the spot price. （ C） When the spot price is higher than the option exercise
21、price. （ D） When the option strike price is higher than the spot price. （ A） It is said to be “out-of- the -money“. （ B） It is said to be “at-the-money“. （ C） It is said to be “unprofitable“. （ D） It is said to be “in-the-money“. 一、单项选择题 31 The main liability on a bank balance sheet is_. （ A） deposi
22、ts （ B） capital and reserves （ C） loans and overdrafts （ D） cash 32 Provisions for bad and doubtful debts are held in respect of customer outstandings which may exclude_. （ A） advances （ B） loans （ C） overdrafts （ D） cash 33 Unless otherwise stated in the letter of credit, banks will not accept_pres
23、ented by the beneficiary. （ A） open cover （ B） cover note （ C） insurance certificate （ D） insurance policy 34 Before making a loan, potential lenders determine the borrower s ability to meet_. （ A） scheduled payment （ B） his creditor （ C） the government s requirements （ D） financial information 35 A
24、s far as the beneficiary is concerned the letter of credit which is available by_is the least favorable. （ A） negotiation （ B） acceptance （ C） sight payment （ D） deferred payment 36 _generates confidential information for internal decision makers, such as top executives, department heads, college de
25、ans, and hospital administrators. （ A） Internal auditing （ B） Management accounting （ C） Cost accounting （ D） Financial accounting 37 The statements concerning nominal and real interest rate are true except that_. （ A） the nominal interest rate is the growth rate of your money （ B） the real interest
26、 rate is the growth rate of your purchasing power （ C） the nominal rate is the real interest rate deducted by the rate of inflation （ D） all of the above statements 38 Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? _. （ A） Confi
27、rmed irrevocable documentary credit （ B） Open account （ C） Documentary collection D/A （ D） None of the above 39 The spot rate of French Francs is 2950 -3055; the three-month premium is 50 -70 centimes. What is the rate at which a UK bank would buy French Francs under a three-month fixed forward cont
28、ract? （ A） FRF 9. 2585 （ B） FRF 9. 2400 （ C） FRF 9. 2505 （ D） FRF 9. 2480 40 Name a major advantage of a revolving L/C as compared with multiple L/Cs. _. （ A） It saves bank charges （ B） It involves less charges （ C） The applicants for the credit wouldn t pay any commission （ D） The terms of the cred
29、it can be amended if necessary 二、完形填空 40 Banks are subject to various forms of legal risk, including inadequate or incorrect【 56】 ad-vice or documentation that may result in unexpected decline in the value of【 57】 or unexpected increase in the value of liabilities. In addition, existing laws may【 58
30、】 resolve legal issues involving a bank; a court case involving a【 59】 bank may have wider implications for banking business and involve costs to it and many or all other banks; and, laws【 60】 banks or other commercial enterprises may change. Banks are particularly susceptible to legal risks when en
31、tering new types of transactions and when the legal right of a counterpart to enter into a transaction is not established. 41 【 56】 （ A） bank （ B） financial （ C） legal （ D） governmental 42 【 57】 （ A） assets （ B） capital （ C） currency （ D） treasures 43 【 58】 （ A） fail to （ B） subject to （ C） efficien
32、tly （ D） trouble 44 【 59】 （ A） peculiar （ B） normal （ C） （ D） particular 45 【 60】 （ A） enduring （ B） effecting （ C） affecting （ D） infecting 45 Apart from borrowing from banks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a【 61】 , suc
33、h as a bond or a mortgage, which is a【 62】 by the borrower to pay the holder of it at【 63】until a specified date, when a final payment is made. The【 64】 of it is the time of expiration date. The second method of raising funds is by issuing【 65】 , such as common stock, which are claims to share in th
34、e net income and the assets of a business. 46 【 61】 （ A） debt instrument （ B） letter of credit （ C） letter of guarantee （ D） certificate of deposit 47 【 62】 （ A） written agreement （ B） contractual agreement （ C） oral agreement （ D） revocable agreement 48 【 63】 （ A） irregular intervals （ B） terms （ C
35、） regular intervals （ D） the end 49 【 64】 （ A） period （ B） grace （ C） payable date （ D） maturity 50 【 65】 （ A） debt instrument （ B） letter of credit （ C） letter of guarantee （ D） equities 三、判断正误 50 There are two general ways in which the term “market“ is used in economics. First, a market is thought
36、 of as a formal or informal organization of buyers and sellers who conduct trades in particular commodities or services. The market may be located at a geographical meeting place, such as your friendly neighborhood bookstore or shopping center(a retail market). A market may be organized over wide ar
37、eas connected through phones or computer terminals. Although the trading room of the New York Stock Exchange is located in New York City, buyers and sellers who actively participate in this market may conduct their trades from distant locations. This description is the institutional way of looking a
38、t a market. The second meaning of the word “market“ is used in formal economic models. Here the equations that explain the demand and supply of a commodity such as money are sometimes grouped together. The reasons for supplying and holding money are thought to be specific enough to warrant separate
39、equations. This is an abstract way to think of the money market. New financial assets are traded in primary markets. Financial assets that are resold are waded in secondary markets. Firms that specialize in trading either new or reissued financial assets are called primary secondary dealers, respect
40、ively. 51 A financial market may be thought of as ordinary market in which traders may buy or sell particular financial commodities. （ A） Right （ B） Wrong （ C） Doesnt say 52 A market may also be virtual, which is connected by phones on Internet. （ A） Right （ B） Wrong （ C） Doesnt say 53 We can learn
41、from the second paragraph of the passage that there are some equations of market which can explain the demand and supply of the currency of a country. （ A） Right （ B） Wrong （ C） Doesnt say 54 If a consumer wants to sell his CDs before the maturity date, he would do it in the primary markets. （ A） Ri
42、ght （ B） Wrong （ C） Doesnt say 54 Reserve Banks have expressed an interest in using non-employee experts or consultants on bank supervision matters for a number of reasons. A Reserve Bank may seek to engage retired examiners to address fluctuating resource demands, for example, in the event of a rap
43、id but temporary need for examiners experienced in loan underwriting and credit review. An external expert may be used to provide supplemental training, for example, to expose examiners to new analytical techniques, or to provide on-the-job training to examiners who have not experienced an economic
44、downturn, problem loans, or problem banks. While it is important to maintain adequate resources and expertise on an ongoing basis, a Reserve Bank may decide in a particular situation that using a consultant is a more cost effective or efficient approach to meeting a specialized skill need. For examp
45、le, a consultant may be engaged for a one-time assignment that does not justify a full-time expert on staff, particularly if a System expert is not available. Similarly, an external expert with industry-specific knowledge may be retained to evaluate a business activity that is nontraditional to bank
46、ing, such as brokerage services or insurance. 55 The external experts can provide many kinds of works except auditing. （ A） Right （ B） Wrong （ C） Doesnt say 56 Using an external consultant is a more cost effective or efficient approach to meeting a specialized skill need. （ A） Right （ B） Wrong （ C）
47、Doesnt say 57 An external consultant must work with some System experts. （ A） Right （ B） Wrong （ C） Doesnt say 57 In the simplest form of international trade, the open-account basis, banks actually have only a simple transactions role. In the open-account basis, the importer and exporter are well kn
48、own to each other and probably have established a successful working relationship. The importer orders goods and promptly pays for them when the goods and title thereto are received. Almost as simple is the foreign collection basis, in which a bank is used to transmit collected funds. Before the goo
49、ds it has bought can be shipped, the importer must place funds with its bank so that the exporter is assured that payment will be made with collected funds. In this instance, the bank is merely an agent and not a lender. 58 In open-account basis the importer and exporter have established a successful working relationship. （ A） Right （ B） Wrong （ C） Doesnt say 59 In foreign collection basis the importer and exporter trade upon their reputation. （ A） Right （ B） Wrong （ C） Doesnt say 60 The exporter has gotten the funds be
