1、（原）金融专业英语（ FECT）中级银行业务模拟试卷 2及答案与解析 Qustion 1 1 Why does Joan Smith come to the bank? 2 Whats the name of the bank officer in charge of Credit Card Depamnent? 3 According to the conversation, what is the credit card? 4 According to the conversation, what is the main characteristic of a credit card? 5
2、 How do banks profit themselves from issuing the cards? 6 When do Smith and James meet again? 7 According to the passage, how often does the card holder receive from the bank a statement describing the purchase record? 8 On what will the credit limit offered by the banks depend? 9 According to the p
3、assage, what is a smart card? 10 According to the passage, what does a card holder have to worry about? Question 2 11 The Exchange Fund is responsible for the issuing and redemption of the Certificates of Indebtedness which give authority to the note-issuing banks to issue banknotes. （ A）正确 （ B）错误 1
4、2 Money is limited to banknotes and coins in circulation. （ A）正确 （ B）错误 13 A Required Reserve Ratio is a fraction of the deposits of the public that a bank holds in reserve. （ A）正确 （ B）错误 14 According to the newly amended Banking Ordinance in Hongkong, the brokers who satisfy the fit and proper crit
5、eria will be approved to take positions. （ A）正确 （ B）错误 15 In Hongkong, compared to the bends market, the equity market appears not to exist at all because of its limited daily transactions. （ A）正确 （ B）错误 16 A crossed cheque implies that the cheque can be exchanged for cash at the drawers bank accoun
6、t on which it is drawn. （ A）正确 （ B）错误 17 The target deposit gives the customer greater flexibility in the amount and the time period for the funds being saved. （ A）正确 （ B）错误 18 A mail transfer is the most expensive form of transfer. （ A）正确 （ B）错误 19 SWIFT is a system allowing member banks to settle
7、payments among them. （ A）正确 （ B）错误 20 The relationship between the banker and the client can only be terminated by the client who provides reasonable time to the other party to arrange for any alternative. （ A）正确 （ B）错误 21 A bridging loan is a loan agreement under which finance is required in connec
8、tion with the sale of one asset and the purchase of another. （ A）正确 （ B）错误 22 A call option is an option which gives the buyer the right to sell the currency at the stated strike price on or before the expiry date. （ A）正确 （ B）错误 Question 3 23 Name any 3 types of leasing services offered by breaks. 2
9、4 What is the significance of Hongkong Inter-bank Offered Rate? 25 List any 3 investment services that banks provide to their retail customers. 26 List any 3 financing services that a hank provides to an exporter. 27 State the parties involved in a documentary credit arrangement. 28 List any 4 commo
10、n signs and symptoms of overtrading. Question 4 29 Banks provide many services to business sectors. Describe syndicated loans and project financing. Question 5 30 What are the warning signals to potential bad loans? Explain them. Question 6 31 How do banks manage their risk of bad loan? Question 7 3
11、2 (a)write short notes on the following: (i)CAMEL (ii)Market Risk Exposure (iii)STET (iv)Code of Banking Practice (b)What travel facilities do banks provide to their customers? Question 8 33 Xinhua Garment Company wants to export its goals to a customer in Germany. Advise the company the two trade f
12、inancing methods offered by banks. （原）金融专业英语（ FECT）中级银行业务模拟试卷 2答案与解析 Qustion 1 1 【听力原文】 A Credit Card A: Excuse me. May I come in? B: Yes, of course. What can I do for you? A: I want to make clear something about the credit cards, because our university wants to give every teacher a credit card as a
13、 new-year gift. Is this a right place for that purpose? B: Yes indeed. Please take a seat. My name is Jane Lee. Im in charge of the Credit Card Department. A: Oh, nice to meet you, Mr. Lee. This is my name card. Im Jane Smith from Capital University. B: Ok, Mrs. Smith. Tell me please what would you
14、like to know? A: Well, we know nowadays credit cards are very popular. Many feel that it will only be a matter of time before credit cards completely replace cash and checks for both individuals and organizations. But we are not very clear about what it is. B: Credit cards, or bank credit cards are
15、instruments issued by banks to carefully selected applicants. A: I hear that with it you can do many things. B: Yes. It can be for use in obtaining, on credit, consumer goods, services and other things when necessary. A: One of our teachers told me that we can draw cash by using it. B: Correct. They
16、 may also be used in obtaining cash. Under bank credit scheme, customers are provided, usually free of change, with a plastic card carrying a line of credit which varies according to the financial status of a card holder. A: Yeah. I remember some people calling it plastic money. B: Its because the c
17、ards are made of plastics. They are generally called plastic cards and bank credit cards are merely a kind of such plastic cards. A: What are the special features of this kind of card? B: With a credit card, you can pay for purchases a month later, without any extra charge. A: Sounds interesting. An
18、other attractive point? B: You may choose to make your payments over several months and pay only part of the total amount each month. A: Well, Mr. Lee. This service seems too nice to be believed. B: Yes, Mrs. Smith. But its true. However. In this case, the bank who sponsors the credit card, will add
19、 a small service charge to your total bill. A: Look. There is no such thing as a free lunch. B: Nevertheless, it is very convenient for the customer. A: I see. Its convenient indeed. What are its main characteristics? B: With the credit card, you dont have to carry much money. This is the main advan
20、tage of it. A: Please explain it to me, Mr. Lee. Im interested in it. B: This is not only saves your time otherwise taken to make your trips to the bank to cash checks or withdraw cash, but also will relieves you from worrying about losing the money through carelessness or theft. A: Thats great for
21、our teachers who sometimes travel with cash during their vacations. I think it will be a good gift for them. By the way, may I know how you, I mean banks, profit themselves from issuing the cards? B: Banks profit from the fees they charge the stores that accept credit cards and also from the fees co
22、llected from customers who pay for their purchases in monthly installments. A: In our times, there exists a rule: profit and risk come together. So banks also encounter some risks in operation of the business. Then what are the probable risks? Im just curious about that. B: A good question! Everythi
23、ng is two-sided. Banks sometimes have problems collecting overdue payments from bad customers. And banks are also responsible for the goads and services illegally charged to their customers accounts, for instance, the use of stolen, lost or counterfeit cards by criminals. A: OK. Thank you Mr. Lee fo
24、r the explanations. Now Ive had valuable knowledge. So we have almost decided to make a deal with your banks. But can you send a team to our university to handle all those procedures? Because as a university we have many teachers, and it will be convenient for both of us to go through the procedures
25、 on our campus. B: Yes. Of course. We have such services for group customers. When shall we do it? A: Tomorrow morning. We will expect to see you. Is that ok? B: OK. See you tomorrow. A: Goodbye! A Credit Card Today, more and more people in the US are using credit cards instead of money to buy the t
26、hings they need. Almost anyone who has a steady income and a good work record can apply for a credit card. There are many credit cards available: American Express, VISA and Diners Club are the names of some of the most popular. If you have a credit card, you can buy a car, eat dinner, take a trip, a
27、nd even get haircut by charging the cost to your account. In this way you can pay for the purchases a month later, without any extra charge. Or you may choose to make your payments over several months and pay only part of the total amount each month. If you do this, the bank will add a small service
28、 charge to your total bill. With the credit card in your wallet or purse, you dont have to carry much cash. This saves you trips to the hank to cash checks or withdraw cash. Also, if you carry credit cards, you dont have to worry about losing money. The card user only has to worry about paying the f
29、inal bill. This, of course, can be a problem, if you can be charged more than you can pay for. Every time the card holder uses his card to make purchases, he signs the sales slip in the presence of the seller. A dispensing machine records the sales, the amount, the date of transaction and file cards
30、 reference number. The vendor will then claim reimbursement from the banks with respect to the sales made and pay a service commission, ranging from 1% to 5 % of the sales. The card holder will receive from the bank a monthly statement describing the purchase record over the previous month, the amou
31、nt paid last month and the amount owed up-to-date. The card holder has the option of paying the total amount due within a period prescribed by the bank, or paying a minimum amount. If the card holder opted for the latter, he would have to pay a compound interest of up to 2.4% per month on the amount
32、 outstanding. Credit cards are big business. Americans spend $ 16 billion a year on cards, and there are already 590 million of them in circulation. Many banks have their own credit card companies and issue cards free to their customers. The stores that accept credit cards must pay a small fee to th
33、e banks a percentage of the purchase price of the merchandise or service. In return, the banks promptly pay the store for the merchandise or service. Some banks offer up to five different types of cards. Most cards have a credit limit revocable on a monthly basis. The credit limit offered by the ban
34、ks will depend on the income, the profession, and spending habits of the card holder. Some cards have no credit limit although the card holder or the vendor should notify the banks prior to sale if the transaction involves a large sum. High tech developments in banking have led to “smart card“ being
35、 introduced. This card, with a chip embedded in the plastic, works like an instant cheque account which allows purchases to be paid for up to the money value stored in it. Ideally, the “smart card“ can be used almost everywhere unlike credit cards, which some shops refuse to accept, for cheap items
36、in particular. 1 【正确答案】 Because his university want to give every teacher a credit card as a new-year gift. 2 【正确答案】 Jane Lee. 3 【正确答案】 Credit cards, or bank credit cards are instruments issued by banks to carefully selected applicants. 4 【正确答案】 With the credit card, you dont have to carry much mone
37、y. 5 【正确答案】 Banks profit from the fees they charge the stores that accept credit cards and also from the fees collected from customers who pay for their purchases in monthly installments. 6 【正确答案】 The following, day. 7 【正确答案】 Every month. 8 【正确答案】 On the income, the profession, and spending habits o
38、f the card holder. 9 【正确答案】 This card, with a chip embedded in the plastic, works like an instant cheque account which allows purchases to be paid for up to the money value stored in it. 10 【正确答案】 The card user only has to worry about paying the final bill. Question 2 11 【正确答案】 A 12 【正确答案】 B 【试题解析】
39、Correction: Money is not limited to banknotes and coins in circulation. 13 【正确答案】 A 14 【正确答案】 B 【试题解析 】 Correction: According to the newly amended Banking Ordinance in Hongkong, only persons who satisfy the fit and proper criteria will be approved as money brokers. 15 【正确答案】 B 【试题解析】 Correction: In
40、Hongkong, compared to file equity market, file bonds market appears not to exist at all because of its limited daily transactions. 16 【正确答案】 B 【试题解析】 Correction: An open cheque implies that the cheque can be exchanged for cash at the drawers bank account on which it is drawn. 17 【正确答案】 A 18 【正确答 案】
41、B 【试题解析】 Correction: A telegraphic transfer is the most expensive form of transfer 19 【正确答案】 B 【试题解析】 Correction: SWIFT is not a system allowing member banks to settle payments among them. 20 【正确答案】 B 【试题解析】 Correction: The relationship between the banker and the client can be terminated by either t
42、he client or the banker who provides reasonable time to the other party to arrange for any alternative. 21 【正确答案】 A 22 【正确答案】 B 【试题解析】 Correction: A put option is an option which gives the buyer the right to sell the currency at the stated strike price oil or before the expiry date. Question 3 23 【正
43、确答案】 a. financial lease b. operating lease c. full payment lease d. tree lease e. conditional lease f. leverage lease 24 【正确答案】 a. a leading indicator of interest rate including the prime rate b. an indicator of liquidity of Hongkong Dollars in the market c. a reference price quoted for wholesale bu
44、siness 25 【正确答案】 a. Discretionary portfolio management b. Unit trust management c. Stocks, bonds and other financial instruments administration d. Gold and other metals management e. Other derivative instruments management f. Custodian services 26 【正确答案】 a. forward cover to eliminate exchange risk b
45、. export finance on overdraft/loan, etc. c. negotiation or bill advance d. discount of bank acceptance under documentary credit e. shipping / marine insurance f. guarantee and performance bond 27 【正确答案】 a. issuing bank b. advising banker c. the applicant d. the beneficiary 28 【正确答案】 a. drastic and s
46、udden increase in sales b. longer credit period demanded from suppliers, and substantial increase in creditors c. shorter credit period given to customers d. rapid increase in overheads e. inventory builds up rapidly and becomes disproportionately large f. increased external financing from all sourc
47、e at higher interest rates g. decline in gross profit margin h. tightened liquidity i. increased debt to equity ratio, and higher gearing Question 4 29 【正确答案】 Syndicated loans Concept: It is one in which two or more banks participate, each funding a certain proportion of the loan, using common docum
48、entation and the loan is administered by a common agent. Features: the loan is made to one borrower. the repayments are made through the agent bank. the bank would normally treat the syndicate as a single unit when considering loan agreements. the loans are usually large. strict examination before l
49、oan granted: -the banks will require details of the nature of the project, precise financial information and the necessary legal material. -the banks may have their experts and consultants to evaluate the project in order to identify the possible risk involved. -the bank will charge according to the rate agreement; sometimes may charge service expenses. Types of syndication facilities: Syndicated loan: -most common form. -with a short drawdown period. Revolving credit facilities: -allow borrowers access to funds at a committed
