1、现代金融业务（综合）模拟试卷 9及答案与解析 单句理解 （ A） Credit card holders will state if they dont buy anything. （ B） Credit card holders will receive their statements from the bank every month. （ C） Credit card holders can charge purchases to their bank accounts. （ D） Credit card holders have to make purchases every mon
2、th. （ A） The foreign banks should have set up a representative office. （ B） The foreign banks cant apply for a branch. （ C） The foreign banks cant expand business in China. （ D） The foreign banks are forbidden to set up a representative office. （ A） You can have the check encashed now. （ B） You will
3、 have the money in one or two days. （ C） You can not have the check encashed. （ D） You have to wait for the payment till the maturity. （ A） Interest rate risk is a normal part of banking operations. （ B） Interest rate risk is a terrible threat to banking operations. （ C） A banks earnings and capital
4、 base is a normal part of banking. （ D） A banks earnings and capital base can pose a significant threat to banking. （ A） They usually hold savings accounts. （ B） They have current accounts. （ C） They specialize in long-term savings accounts and mortgages. （ D） They deal in short-term savings account
5、s. （ A） The majority of smart cards users are governments and commercial organizations. （ B） Many users of smart cards are powerful in governments and commercial organizations. （ C） The dominant users of smart cards are banks in China by now. （ D） The dominant users of smart cards used to he banks i
6、n China. （ A） If a remitting bank cannot take proper care in collection, the exporter will do it himself. （ B） If a remitting bank cannot fulfill its obligation in collection, the exporter will claim indemnify for it. （ C） If a remitting bank cannot take proper care in collection, it will lose a cus
7、tomer. （ D） If a remitting bank cannot fulfill its obligation in collection, it will cause loss to the exporter. （ A） The customer should first notify the drawee bank of the loss of his draft. （ B） The customer should first notify the drawer bank of the loss of his draft. （ C） The customer should fi
8、rst notify the remitting bank of the loss of his draft. （ D） The customer should first notify the collecting bank of the loss of his draft. （ A） The U.S. company has to exchange dollars for pounds to make settlement for the goods imported from U.K. （ B） The U.S. company must exchange some pounds for
9、 dollars before the transaction is made. （ C） The U.S. company may directly purchase goods in Britain in sterling pounds. （ D） The U.S. company must exchange dollars for euros first. （ A） Cash is crucial to a countrys economy. （ B） Money is crucial to a countrys economy. （ C） Capital is crucial to a
10、 countrys economy. （ D） Banks are crucial to a countrys economy. 对话理解 （ A） Stipulating the rate of interest. （ B） Stipulating the repayment date. （ C） Stipulating the amount and timing of any periodic cash interest payments. （ D） Stipulating the financial sponsor. （ A） At the exchange desk. （ B） On
11、the board. （ C） On the desk. （ D） On the notebook. （ A） He will provide investment service. （ B） He will help the customers. （ C） He will join the commercial bank. （ D） He will purchase or sell securities. （ A） Adequate liquidity. （ B） Insufficient liquidity. （ C） Increasing liabilities. （ D） Conver
12、ting assets. （ A） The banks will disapprove them. （ B） The banks will approve them. （ C） The Bank will benefit from the loans. （ D） The bank will make profit from lending. （ A） The woman cant get cash before the proceeds are collected. （ B） There is something wrong with the proceeds. （ C） The woman
13、will be paid directly by the paying bank. （ D） The personal cheque cant be encashed over the counter. （ A） Before any ordinary dividends are declared. （ B） After any ordinary dividends are declared. （ C） Before any ordinary dividends are paid. （ D） After any ordinary dividends are paid. （ A） The rec
14、eipt of the goods given by the ship master. （ B） The evidence of the terms of the contract of carriage. （ C） The evidence of the shipment of goods. （ D） The evidence that the holder of it has the property in the goods. （ A） Smart Card. （ B） Master Card. （ C） Visa Card. （ D） American Express. （ A） On
15、 his card. （ B） On the goods. （ C） On a sales slip. （ D） On the invoice. 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） Its the same over the 10-year p
16、eriod. （ B） Its getting worse over the 10-year period. （ C） Its getting better over the 10-year period. （ D） There is no way to solve the problem. （ A） To follow the banks rules and regulations. （ B） To have the right to make full use of the banks facilities. （ C） To open an account in the bank. （ D
17、） To protect 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 and . （ A） To attract deposits. （ B） To improve bank services. （ C） To eliminate the use of the passbook. （ D） To promo
18、te banking 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 f
19、unds-transfer technology （ C） Credit cards （ D） Travelers 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 imp
20、ossible. 一、单项选择题 31 What is the reserve requirement? （ A） The requirement of a bank to deposit a percentage of money （ B） The requirement for deposits in cash （ C） The percentage of a banks deposits in the form of cash reserves （ D） The requirement for cash reserves 32 _ are essentially involved to
21、a cheque. （ A） Drawer, drawee, and payer （ B） Holder, drawer, and payer （ C） Payee, drawer, and drawee （ D） Payee, drawee, and holder 33 A credit may be advised to a beneficiary through another bank (the advising bank) without engagement on the part of the advising bank, but that bank, if it elects
22、to advise the credit, shall _. （ A） inform the issuing bank of the credit which it advises without delay （ B） endorse the amount negotiated on the reverse of the credit which it advises （ C） add his confirmation to the credit which it advises （ D） take reasonable care to check the apparent authentic
23、ity of the credit which it advises 34 _ has/have no regular redemption date and can only be redeemed in limited circumstances. （ A） ETF （ B） LOF （ C） Securities investment funds （ D） Colsed-end funds 35 _ is a large loan, generally more than USD10 million, negotiated between a borrower and a single
24、bank, but actually funded by a number of banks. （ A） A project loan （ B） A syndicated loan （ C） An export credit （ D） Consumer credit 36 The preferred stockholders are deemed to have the priority _. （ A） to receive dividend payment （ B） to elect board of directors （ C） to vote on corporate policy （
25、D） all of the above 37 Customers trading abroad in foreign currencies may protect against the exchange risk by arranging _. （ A） a contract of international sale of goods （ B） a contract of marine insurance （ C） a forward contract to fix the exchange rate in advance （ D） contract for the delivery of
26、 goods by installments 38 _ measure the company s ability to meet short-term obligations through the cash conversion cycle. （ A） Activity ratio （ B） Liquidity ratio （ C） Leverage ratio （ D） Profitability ratio 39 _ shows that net income for a specified period of time and how it was calculated. （ A）
27、The accounting statement （ B） The capital statement （ C） The income statement （ D） The statement of financial condition 40 The accounting equation shows the relationship among _. （ A） assets, liabilities and investors yield （ B） assets, liabilities and owners equity （ C） capital, liabilities and pro
28、fits （ D） capital, costs and profits 二、完形填空 40 A certificate of deposit (CD) is issued by a depository- institution (56) that the holder has deposited at the institution a certain mount of money for a certain period of time. By issuing a certificate of deposit, a bank, or (57) institution, gives its
29、 pledge to (58) the certificate at maturity and to pay a certain rate of interest for the use of the deposited funds. Certificates of deposit are issued in several different forms. They may be negotiable or nonnegotiable, If a CD is negotiable it may be sold on the secondary market (59) to maturity.
30、 Usually only large CDs are issued in negotiable form. CDs may also be issued either in bearer or registered form. Negotiable CDs are usually always issued in bearer form because of the ease with which ownership may be (60) . （ A） evidence （ B） fact （ C） proof （ D） prove （ A） depositing （ B） deposit
31、ory （ C） thrift （ D） commercial （ A） exchange （ B） redeem （ C） change （ D） pay （ A） previous （ B） ahead （ C） prior （ D） preceding （ A） transferred （ B） transited （ C） transmitted （ D） transparent 45 In the foreign exchange market, which is made up of banks traders and brokers, prices (61) every minu
32、te (62) to supply and demand. For safetys sake, a branch will get a rate from their traders for a big transaction. Therefore the traders give their branches lists of exchange rates (63) they may buy and sell notes and payments in the main currencies. Whenever a bank in Britain makes a payment in for
33、eign currency, or makes a payment in sterling to a non-resident, the payment has first to (64) under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases (65) borrowing and lendin
34、g have to be referred to the Bank of England. （ A） alter （ B） vary （ C） turn （ D） convert （ A） in response （ B） respondent （ C） responding （ D） answering （ A） of which （ B） on which （ C） in which （ D） at which （ A） authorizing （ B） authorize （ C） be authorized （ D） have been authorized （ A） involvin
35、g （ B） involve （ C） will involve （ D） being involved 三、判断正误 50 The normal income statement which constitutes one of the financial statements of a company, is financial income statement. So functional income statement is an income statement that segregates all costs by use ; it shows revenues less co
36、st of goods sold ( gross margin) less selling and administrative expenses. This approach is useful for financial reporting purpose ; it provides outsider readers with information about companys progress and about which functional areas are being emphasized. For managements use in the decision-making
37、 process, however, an income statement that follows a cost behavior approach, often referred to as a Contribution Margin Income Statement, is more valuable. 51 When the management of a business makes some decisions, it often refers to the normal income statement because the normal income statement i
38、s more useful in that. （ A） Right （ B） Wrong （ C） Doesnt say 52 From the functional income statement we can see clearly the total revenue, total cost and the gross profit etc. （ A） Right （ B） Wrong （ C） Doesnt say 53 The companys prepayment to its supplier is regarded as a liability item. （ A） Right
39、 （ B） Wrong （ C） Doesnt say 53 There are five parties concerned with a collection, the customer, the remitting bank, the presenting bank and the drawee. The customer is the principal who entrusts the operation of collecting to his bank, which is the remitting bank. The collecting bank is any bank, o
40、ther than the remitting bank, involved in processing the collection order, and the presenting bank is the collecting bank making presentation to the drawee-more than one collecting bank may be involved in collecting a bill and it is the bank that actually presents the bill to the drawee for acceptan
41、ce/payment that is the presenting bank. The drawee is the person specified as the one to whom the financial document and/or commercial documents is to be presented. A collecting bank must be sent a collection order with the documents concerned, and this must give complete and concise instructions. I
42、t will in fact incorporate, all the instructions contained in the application form. Banks are only permitted to act upon instructions given in such an order and must advise the remitting bank immediate if they can not comply with the instructions contained in the order. 54 The remitting bank in the
43、procedure of a collection may not be the collecting bank. （ A） Right （ B） Wrong （ C） Doesnt say 55 As for a collection, the presenting bank makes presentation to the drawer for acceptance/payment. （ A） Right （ B） Wrong （ C） Doesnt say 56 The collecting bank only acts upon the instructions given in t
44、he collection order of the presenting bank. （ A） Right （ B） Wrong （ C） Doesnt say 56 Banks with large international credits limit their concentrations of loans in any one country according to the perceived “country risk“. Country risk generally refers to economic and political conditions existing in
45、 a country. In any case, a loan to the foreign nations government or its agencies is generally safer than a loan to a private-sector borrower. Even loans to governments may be unsafe, however, because of what is called “sovereign risk“. When foreign governments experience economic or political press
46、ures, there is a risk that they will divert resources to the correction of their domestic problems at the expense of servicing their debts to external lenders. In the 1980s, several less-developed nations requested the rescheduling of bank loans at considerable sacrifice in interest income to the ba
47、nks involved. At the extreme, governments might simply repudiate their debts; that is, they might no longer recognize their obligations to external creditors. 57 Country risk refers to political risk existing in a country. （ A） Right （ B） Wrong （ C） Doesnt say 58 Usually, a loan to government is saf
48、er than a loan to a private-sector borrower. （ A） Right （ B） Wrong （ C） Doesnt say 59 If we make loans to governments, we may suffer “sovereign risk“. （ A） Right （ B） Wrong （ C） Doesnt say 60 Debt crises broke out in the 1980s. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 What determines the rate
49、 of exchange between currencies will be examined later in this book let, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence
