1、现代金融业务（综合）模拟试卷 5及答案与解析 单句理解 （ A） If the time period of the loan is one year, the simple interest and compound interest are the same. （ B） If the time period of the loan is the same, the simple interest and compound interest are the same. （ C） When the full principal plus interest is paid together, c
2、ompound interest and simple interest are of the same dollar amount. （ D） When the full principal plus interest is paid together, compound interest and simple interest are not of the same dollar amount. （ A） Commercial banks mainly provide short-term loans for the capital market. （ B） The capital mar
3、ket mainly depends on the acquired deposits and the funds from other channels. （ C） Short-term loans are mainly from the acquired deposits and the funds from other channels. （ D） Commercial banks mainly depend on the capital market for deposits and the funds. （ A） Back-to-back credit. （ B） Reciproca
4、l credit. （ C） Documentary credit. （ D） Stand-by credit. （ A） The bank makes profits only from its own money. （ B） The bank makes profits from not only the deposits but also its own money. （ C） The bank has special obligation to make profits. （ D） The bank makes profits by having special obligations
5、 to depositors. （ A） Depositors are usually full of confidence, but not the creditors. （ B） Banks should maintain the confidence of depositors and creditors. （ C） The nature of banks business particularly damages their reputation. （ D） Maintaining the confidence of depositors, creditors and the gene
6、ral marketplace particularly damages banks reputation. （ A） If both the drawer and drawee of an instrument are the same person, the instrument may be treated as a promissory note. （ B） In any case, the holder can treat the instrument as a bill of exchange or a promissory note. （ C） If both the drawe
7、r and drawee of an instrument are the same person, the instrument can only he treated as a promissory note. （ D） When the drawer and drawee of a bill are the same person, the holder may treat the instrument neither as a bill of exchange nor as a promissory note. （ A） The payees signature can make th
8、e endorsement valid. （ B） The drawers duly authorized agent can make the endorsement valid. （ C） The payers signature can make the endorsement valid. （ D） The drawees duly authorized agent can make the endorsement valid. （ A） You have to deposit your money once a month. （ B） You can use your money a
9、t any time you need it. （ C） Your money is immediately run out. （ D） Your money can immediately make more money. （ A） The credit card can be used at any shop without paying cash. （ B） The credit card can he used at any appointed shop together with cash. （ C） The credit card can be used at any appoin
10、ted shop without paying cash. （ D） The credit card can be used to withdraw any amount of cash. （ A） Our company prefers an L/C to collection. （ B） Our company will apply for documentary collection. （ C） Our company will apply for either documentary collection or sight letter of credit according to y
11、our advice. （ D） Our company will adopt neither documentary collection nor letter of credit. 对话理解 （ A） Interest rate of a foreign currency is much higher. （ B） There are risks of losing money sometimes to open a foreign currency account. （ C） Foreign currencies exchange rates are relatively stable.
12、（ D） It is advisable to open a foreign currency account. （ A） That she needs $200 to open an account. （ B） That savings accounts earn low interest. （ C） That she should not open an account. （ D） That $ 2,000 will earn reasonable interest. （ A） Overdrafts. （ B） Mortgages. （ C） Personal loans. （ D） Le
13、tter of credit. （ A） The interest rate of savings account. （ B） The discounting rate for drafts. （ C） The rediscounting rate. （ D） The interest rate for loans. （ A） Accounting basis. （ B） Cash basis accounting. （ C） Accounting control. （ D） The chart of accounts of a bank. （ A） Returning the cheque.
14、 （ B） Drawing the cheque in ink. （ C） Drawing the cheque in lead-pencil. （ D） Going to the paying bank. （ A） The payments of her draft. （ B） The collection of her draft. （ C） The exchange of some dollars. （ D） The opening of her account. （ A） Standard Chartered Bank, London is one of our corresponde
15、nt banks. （ B） We can advise this L/C through Standard Chartered Bank, London. （ C） We will send the advice of the L/C directly to the beneficiary. （ D） nother bank will be chosen as the advising bank of this L/ . （ A） Counter No.12. （ B） Counter No.6. （ C） Counter No.15. （ D） Counter No.16. （ A） A
16、savings account. （ B） A fixed account. （ C） A check account. （ D） An automatic transfer account. 短文理解 （ A） 1992 （ B） 1993 （ C） 1994 （ D） 1995 （ A） The Peoples Bank of China. （ B） China Foreign Exchange Trading Center. （ C） Inter-bank Foreign Exchange Market. （ D） The State Administration of Foreign
17、Exchange. （ A） 1% （ B） 0.3% （ C） 0.005 （ D） 0.004 （ A） By posting all the entries. （ B） By preparing a trial balance. （ C） By comparing the entries on both sides. （ D） By recording all the entries once more. （ A） It is a schedule that lists the titles of the accounts in the general ledger and their
18、debit or credit balances. （ B） It is the titles of the accounts in the general ledger and their debit or credit balances. （ C） It is a list of the titles of the accounts in the general ledger. （ D） It is a schedule that makes their debit or credit balances. （ A） The ledger is correct. （ B） A journal
19、 entry is not posted. （ C） An error or errors have been made. （ D） An entry is posted twice. （ A） They are drafts issued by a bank on another bank. （ B） They are a very old form of commercial credit. （ C） They are exchange bills discounted by customers. （ D） They are checks cashed through the ATMs.
20、（ A） The German importer. （ B） The American exporter. （ C） The exporters bank. （ D） Any bank. （ A） The appropriate documents showing that shipment has been made. （ B） A letter of credit issued by the buyers bank. （ C） The draft on the drawer in the foreign country. （ D） The document showing that the
21、 transaction has been settled. （ A） It receives the draft and examines it for its customer. （ B） It issues a bankers draft to the exporter. （ C） It accepts the draft and makes the payment. （ D） It stamps “accepted“ across the face of it. 一、单项选择题 31 When GBP/USD rate goes from 1.6150 to 1.8500, we sa
22、y the dollar _. （ A） appreciates by 12.70% （ B） depreciates by 14.55% （ C） depreciates by 12.70% （ D） appreciates by 14.55% 32 A draft is like a check that can be endorsed but it isnt a title to goods, like _. （ A） a bill of lading （ B） an inspection certificate （ C） a certificate of origin （ D） an
23、insurance certificate 33 When there is no indication of damage to the _ , a bill of lading is said to be _. （ A） documents, clear （ B） goods, clear （ C） documents, clean （ D） goods, clean 34 The purchaser of a draft/documents presented under a straight documentary credit only has the right _. （ A） t
24、o protest the issuing bank （ B） to present the drafts/documents on behalf of the beneficiary （ C） to purchase the beneficiarys drafts/documents （ D） to present the draft/documents by himself 35 _ refer to the common shares issued by the companies registered in Chinas mainland and traded by domestic
25、entities or retail investors (excluding investors from Taiwan region, Hong Kong and Macau SARs) in Chinese currency. （ A） A-shares （ B） B-shares （ C） H-shares （ D） T-bonds 36 What is the principal function of a financial system? _. （ A） Production and distribution of goods and services （ B） Providin
26、g a means of payment and facilitating the saving and investment process （ C） Directing the flow of goods and services from producer to consumer （ D） None of the above 37 In London, a premium on a foreign exchange rate means _. （ A） the foreign currency is dearer （ B） the foreign currency is cheaper
27、（ C） the foreign currency is less valuable （ D） it has no relevance at all 38 The documentary collection provides the seller with a greater degree of protection than shipping on _. （ A） documentary credit （ B） bankers letter of guarantee （ C） bankers draft （ D） open account 39 There are three ways i
28、n which a banker may take security for an advance: _. (1) by lien (2) by pledge (3) by mortgage (4) by indemnity （ A） (1); (2); (3) （ B） (1); (2); (4) （ C） (2); (3); (4) （ D） (1); (3); (4) 40 The underlying purpose of accounting is to provide _ for decision making about an economic entity. （ A） comm
29、ercial information （ B） financial information （ C） cash position （ D） income distribution 二、完形填空 40 In order to (56) foreign exchange administration, maintain strong balance of payments position, China (57) the Regulations on Foreign Exchange Administration on January 29,1996. The State Administrati
30、on of Foreign Exchange is the agency responsible for foreign exchange administration. The SAFE has a similar branch structure with that of the Peoples Bank of China, Chinas central bank. The Bank of China (58) the principal foreign exchange bank. Other banks and financial institutions, (59) affiliat
31、es of non-resident banks, (60) designed transactions with the approval of the SAFE. （ A） develop （ B） improve （ C） change （ D） conduct （ A） declared （ B） abandoned （ C） drafted （ D） promulgated （ A） remains （ B） becomes （ C） appoints （ D） will be （ A） containing （ B） including （ C） involving （ D） co
32、vering （ A） may handle （ B） can deal （ C） must conduct （ D） are ordered 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
33、 liquid asset. Accounts receivable are a (64) liquid asset because the 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. （ A） short-term （ B） current （ C） circulating （ D） futures （ A） item
34、（ B） measure （ C） means （ D） way （ A） draft （ B） check （ C） cash （ D） certificates of deposit （ A） relatively （ B） highly （ C） primarily （ D） originally （ A） Facilities （ B） Commodities （ C） Devices （ D） Supplies 三、判 断正误 50 The market for large business certificates of deposit or negotiable certific
35、ates of deposit (CDs) in denominations of $100,000 or more has been active since 1961. It is a money market specializing in the sale of Marketable, interest-yielding deposit certificates with specified maturity dates, issued by four types of financial intermediaries. Domestic CDs are issued by US ba
36、nks. Dollar-de- nominated CDs issued by banks outside the United States are called Euro CDs. The CDs issued by US branches of foreign banks are called Yankee CDs. Thrift CDs are the name used to designates CDs issued by domestic thrifts. The holder of a CD who wishes to exchange it for money before
37、its maturity date will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer. There is an active secondary market in CDs centered in New York. There are approximately 25 dealers in CDs. The CD is an instrument that allows the depository intermediarie
38、s to raise funds at competitive market rates. It is called one of their managed liabilities. Since they loan out funds at their lending rates, they would normally keep their advertised prime rate above the CD rate. As noted previously, the prime rate formula that had been used by Citibank set the pr
39、ime one-and-a-half percentage points above the previous three-week average of 90-day (3-month) CDs sold in the secondary market. The yield on 3-month CDs is usually higher than 3-month Treasury bills. Treasury bills have a lower default risk and exempt from state and local tax. This may explain the
40、extent of the spread. 51 Euro CDs are the negotiable certificates of deposit denominated in European currencies issued by American hanks outside the United States. （ A） Right （ B） Wrong （ C） Doesnt say 52 CDs may be exchanged for money before its maturity date either in money markets or at commercia
41、l banks. （ A） Right （ B） Wrong （ C） Doesnt say 53 The reason why the market for large CDs has been active since 1961 may be that the yield is usually higher than Treasury bills. （ A） Right （ B） Wrong （ C） Doesnt say 53 The primary justification tot banking supervision is to limit the risk of loss to
42、 depositors, and by so doing to maintain public confidence in banks. And while supervision naturally focuses on the individual bank, supervisors must also be alert to the possibility that problems in one institution may have wider, systemic repercussions on others, or on the integrity of the payment
43、s system. 54 Supervisors have the obligation to save a failing bank. （ A） Right （ B） Wrong （ C） Doesnt say 55 Supervisors usually pay more attention to the individual bank. （ A） Right （ B） Wrong （ C） Doesnt say 56 A sound bank will not suffer from the bankruptcy of other unrelated banks. （ A） Right
44、（ B） Wrong （ C） Doesnt say 56 To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Treasury bill, which is commonly issued by the ministry of finance. However, some Treasury bills, like the Treasury bill of the U.S. government,
45、 do not actually pay interest. Instead they are issued at a discount from par ( their value at maturity) . The investors yield comes from the increase in the value of the security between the time it was purchased and the time it matures. Treasury bills are attractive to investors because they are b
46、acked by the government and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treas
47、ury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can he bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they w
48、ill not be able to sell their securities when they want to. 57 Treasury bills are short-term and virtually free of default risk. （ A） Right （ B） Wrong （ C） Doesnt say 58 As some treasury bills do not actually pay interest, they are not attractive to investors. （ A） Right （ B） Wrong （ C） Doesnt say 5
49、9 The markets for treasury bills in most developed countries have many different buyers and sellers. （ A） Right （ B） Wrong （ C） Doesnt say 60 Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 Fractional reserve banking is the practice of keeping only a traction of deposits in the form of reserves. Depository institutions (commercial banks, savings and loan associatio
