1、现代金融业务（综合）模拟试卷 7及答案与解析 单句理解 （ A） Collateral sometimes turns a bad loan into a good one. （ B） Good loans can be turned into better loans with collaterals. （ C） Collateral can turn a good loan into a bad one. （ D） Collateral can turn a bad loan into a worse one. （ A） In the US, the Federal Gold Reserv
2、e acts as the central bank. （ B） In the US, the central bank is the commercial bank. （ C） In the US, there is no central bank. （ D） In the US, the central bank is not so important. （ A） Banks will deal with the documentary credit along with the sales contract. （ B） Banks take no care of the sales co
3、ntract while dealing with the documentary credit. （ C） Documentary credit and the sales contract are both important to banks. （ D） Banks will care for either the documentary credit or the sales contract. （ A） USD4,867,359.12 （ B） USD 4,876 ,359. 02 （ C） USD 48,760,395.20 （ D） USD 4,673,359.22 （ A） M
4、any banks in America accept accounts with the Bank of China, Shanghai. （ B） Many banks in America start business with the Bank of China, Shanghai. （ C） Many banks in America have accounts with the Bank of China, Shanghai. （ D） Many banks in America owe money to the Bank of China, Shanghai. （ A） Info
5、rmation technology system can cause operational risk. （ B） A major fire can be a cause of operational risk. （ C） The most important types of operational risk involve breakdowns in internal controls and corporate governance. （ D） Other aspects of operational risk include firing its dealers, lending o
6、fficers or other staff exceeding their authority or conducting business in an unethical or risky manner. （ A） The documents presented by you are original. （ B） The documents we received are not original. （ C） You are requested to present other documents. （ D） The documents presented to us are in ord
7、er. （ A） The trustor, the beneficiary and the settlor are primarily three principal parties. （ B） The trustor, the beneficiary and the trustee are primarily three principal parties. （ C） The trustor, the beneficiary and the grantor are primarily three principal parties. （ D） The trustor, the benefic
8、iary and the donor are primarily three principal parties. （ A） The foreign exchange market operates like other financial markets in every respect. （ B） The foreign exchange market has a specific place like a stock exchange. （ C） Theres no physical market place such as stock exchanges for the foreign
9、 exchange transactions. （ D） The foreign exchange market operates quite differently since the former has no physical market place. （ A） If you lose your bank notes, you will not get them back. （ B） If you lose your bank notes, you will get compensation. （ C） If you lose your bank notes, you can get
10、them back soon. （ D） If you lose your bank notes, most probably, you will not get them back. 对话理解 （ A） Customs officer and travelers. （ B） Employer and employee. （ C） Business associates. （ D） Bank clerk and customer. （ A） 4%. （ B） 4.5%. （ C） 5%. （ D） 5.5%. （ A） July. （ B） August. （ C） September. （
11、D） October. （ A） Rate on the personal loan. （ B） Base rate of the bank. （ C） The amount of payment. （ D） Personal loans time period. （ A） Profit and Joss （ B） Owners equity. （ C） Liabilities （ D） Assets. （ A） To endorse his cheques. （ B） To show his passport. （ C） To cash some traveler s cheques. （
12、D） To open a checking account. （ A） To withdraw some money. （ B） To exchange some foreign currencies. （ C） To discount some bills. （ D） To cash some travelers checks. （ A） Presentation of bill of exchange for payment. （ B） Documents required for a collection operation. （ C） Application for a letter
13、of credit. （ D） What are contained in a collection order. （ A） 700 yuan. （ B） 600 yuan. （ C） 650 yuan. （ D） 750 yuan. （ A） Every month. （ B） Every quarter. （ C） Every year. （ D） Half a year. 短文理解 （ A） The same system as in the western countries. （ B） A mono-banking system. （ C） A modern banking syst
14、em. （ D） A commercial banking system. （ A） More than twenty years. （ B） Nearly ten years. （ C） Nearly forty years. （ D） Nearly thirty years. （ A） Profitability. （ B） Non-performing and bad loans. （ C） Capital adequacy requirements. （ D） All above. （ A） Three items. （ B） $10.8. （ C） A blue one. （ D）
15、U.S. Dollars. （ A） Measures. （ B） Rulers. （ C） Money. （ D） A medium of exchange. （ A） The income we get and the wealth we have in our homes. （ B） Our net revenue we receive. （ C） Investments and life insurance. （ D） Pension funds, stocks and bonds. （ A） The Investments in financial assets. （ B） The
16、accumulation of past savings of income. （ C） The money we hold in cash. （ D） The net revenue in the transaction. （ A） the Nasdaq （ B） the NYSE （ C） the OTC （ D） the AMEX （ A） At each trading post. （ B） At the brokerage firm. （ C） Via telephone. （ D） Outside the trading floor. （ A） By the negotiation
17、 among the sellers, buyers and the exchange. （ B） By using an auction process. （ C） By the exchange. （ D） By the negotiation among the sellers and the buyers. 一、单项选择题 31 The price in the foreign exchange market is called _. （ A） the trade surplus （ B） the exchange rate （ C） the money price （ D） the
18、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 banks balance sheet as _. （ A） an asset （ B） reserves （ C） p
19、art 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） currency automatically appreciates 35 Money marke
20、t 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 investors directly 36 Cost accounting analyzes a
21、 businesss 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 specified later date （ B） his payment o
22、f 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 companys _. （ A） assets and liabilities at a particular point in time （ B） revenues and expenses for a specific period of time （ C） f
23、inancial 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 （ C） your tariffs （ D） your terms and c
24、onditions 40 The owners 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 The bank (56) borrowers en
25、ough interest to pay the expense of the bank and have something left over for (57) . The interest cannot be higher than the legal rate, which is established by state law and in most states is 6% per year. (58) big loans, the interest rate is much less, even as low as 2%. The rate depends on the mone
26、y market, when there is plenty of money (59) to be borrowed, banks charge low rates of interest. A savings bank may pay its depositors 2% and lend the money at 3.5% or 4%. But when money is tight, interest rates go up, and a savings bank may try to (60) depositors by offering 4% or 4.5% or even more
27、 and lending the money at 5% or 6%. （ A） receives （ B） gets （ C） charges （ D） pays （ A） profit （ B） interest （ C） surplus （ D） income （ A） In ease of （ B） In the ease of （ C） In consequence of （ D） In conjunction with （ A） available （ B） costly （ C） adaptable （ D） receivable （ A） absorb （ B） attract
28、 （ C） mobilize （ D） channel 45 A balance sheet is simply the enumeration of the various assets of a business on one side of a ledger and the enumeration of various liabilities and (61) accounts on the other side. The two sides must be equal, or balance. Only one further point should be (62) : A bala
29、nce sheet refers to a single point in time, for example, the close of business on December 31. Taken by itself, a balance sheet does not show (63) over time. It is what economists call a stock concept, not a (64) concept. That is, the balance sheet shows the stock of goods a firm has on hand at any
30、particular instant and does not show the flow of goods through the firm over time. For this reason, a balance sheet does not show business (65) , which are a flow. （ A） profit （ B） capital （ C） income （ D） cash （ A） read （ B） written （ C） noted （ D） studied （ A） development （ B） assets （ C） liabilit
31、ies （ D） changes （ A） flow （ B） stopped （ C） new （ D） accepted （ A） expenditure （ B） profits （ C） voucher （ D） transaction 三、判断正误 50 Commercial banks that supply services to other commercial banks are called correspondent banks. The correspondent banks are paid indirectly, in the form of income from
32、 deposit balances maintained by its bank customers, as well as by direct money payments. Small banks may have 5 or 6 correspondent banks, which provide many services: bookkeeping services (especially those that require large computers); assistance in the sale or purchase of assets (including the con
33、solidation of purchases with other buyers); and the provision of information about capital markets (including the sale of equity shares in their banks). Large banks may have as many as 30 correspondent banks that provide services and representation in other localities (including foreign countries) a
34、nd specialized services that the correspondents can offer at a smaller cost. Until 1981 the Federal Reserve had provided free check-clearing facilities to its members, but nonmember banks relied entirely on correspondent banks to clear their checks. The correspondent banks often clear nonmember bank
35、s checks through the Federal Reserve. In 1979, the Federal Reserve cleared 32 billion checks, totaling $ 35 trillion. The total amount of cheeks debited against all insured banks in October 1982 was $ 93.5 trillion, of which 42 percent was from New York banks. Private clearing houses owned by groups
36、 of banks handled a large amount and so did the Federal Reserve, which began charging for that service. 51 The correspondent bank can only make money for its services to other banks from deposit balances maintained by bank customers. （ A） Right （ B） Wrong （ C） Doesnt say 52 A correspondent bank may
37、supply the following services to other commercial banks:A.keeping accounts,B.assisting in the sale or purchase of assets,C.providing information about capital markets （ A） Right （ B） Wrong （ C） Doesnt say 53 The Federal Reserve has been providing free check-clearing facilities to all the banks. （ A）
38、 Right （ B） Wrong （ C） Doesnt say 54 The amount of checks debited against New York banks in October 1982 was 39.27 trillion, which was 42% of the aggregate amount of checks of all the insured banks that month. （ A） Right （ B） Wrong （ C） Doesnt say 54 A major type of risk that banks face is credit ri
39、sk or the failure of a counter-party to perform according to a contractual arrangement. This risk applies not only to loans but also to other on-and-off balance sheet exposures such as guarantees, acceptances and securities investments. Serious banking problems have arisen from the failure of banks
40、to recognize impaired assets, to create reserves for writing off these assets, and to suspend recognition of interest income when appropriate. 55 “Balance Sheet“ means the statement on which a banks assets and liabilities are listed. （ A） Right （ B） Wrong （ C） Doesnt say 56 The word “exposures“ in t
41、his paragraph can be understood as “risks“. （ A） Right （ B） Wrong （ C） Doesnt say 57 Reserves for writing off impaired assets are unnecessary. （ A） Right （ B） Wrong （ C） Doesnt say 57 Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modem practi
42、ce, local currency and legal tender. Foreign exchange typically is not legal tender and is therefore not acceptable in exchange for goods and services to whom it is being offered; hence, the desire to exchange it into something closer to home in terms of acceptability. Foreign exchange markets are n
43、early always markets that convert issues of foreign money for local units. The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. It is possible in New York to exchange French francs for Swedish kronor, but the normal practic
44、e would be to sell French francs for U.S. as a first step and then to sell US dollars and buy Swedish kronor as a second step in order to complete the transaction. Markets in other countries would be similar in structure and mechanical operation. 58 Foreign exchange is convertible currency but forei
45、gn to the holder. （ A） Right （ B） Wrong （ C） Doesnt say 59 The reason that foreign exchange markets exist is because people have a strong desire to get foreign currencies to travel round the world, to buy goods produced in other countries. （ A） Right （ B） Wrong （ C） Doesnt say 60 The New York foreig
46、n exchange market is a market for exchanging foreign currencies against any convertible currencies. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 The credit created for international settlement among banks not only provides a sense of security for the traders involved, but also a reliable source o
47、f finance for foreign trade where required. The credit created, in general, favors the exporter. In order to reduce the possible risk, the exporter usually insists on the buyer establishing a credit in his favor before shipment is unloaded. There are generally several types of credits. A “confirmed
48、credit“ guarantees payment to the beneficiary, provided that the credit terms and conditions are met and the standing of the advising bank in the beneficiarys country is sound. A “revocable credit“ may be cancelled at any time up to the moment the advising bank pays. This type of credit is the least
49、 favorable to the exporter. There is a risk that the goods may be shipped, and the credit revoked before documents are presented to the advising bank. An “irrevocable credit“ may not be cancelled or even amended without the consent of all the parties involved. This type of credit guarantees that no single party will revoke the contract already signed. With the credit arrangement, the issuing bank agrees to pay the advising bank, and the advising bank pays the exporter according to the terms of the docume
