1、现代金融业务（综合）模拟试卷 2（无答案）单句理解（A）Banks financial condition is the cause of interest rate risk.（B） Banks financial condition has impact on interest rate risk.（C） Interest rate risk occurs when interest rate moves against the banks financial condition.（D）Interest rate risk occurs when interest rate favours
2、 the banks financial condition. （A）The issuing bank will send the bill of lading and the L/C to the advising bank.（B） The issuing bank will notify the advising bank of the bill of lading and the L/C（C） The advising bank will reimburse the bill of lading and the L/C（D）The issuing bank will reimburse
3、the bill of lading and the L/C（A）Forward transactions is not of typical foreign exchange transactions.（B） Typical foreign exchange transactions occur in the spot or cash market.（C） Forward transactions dont occur in the spot or cash market.（D）Typical foreign exchange transactions occur only in the s
4、pot market. （A）The company changed idea.（B） The company preferred an L/ to collection.（C） The company did not want an L/.（D）The company applied for documentary collection. （A）Banks often change their base rate.（B） Banks seldom change their base rate.（C） Banks never change their base rate.（D）Banks ch
5、ange their base rate at regular intervals. （A）The forward price for a currency is always the same with the spot price.（B） The forward price for a currency is always different from the spot price.（C） Theoretically, the forward price is almost always either higher or lower than the spot price.（D）Theor
6、etically, the forward price for a currency is always the same with the spot price. （A）The bank had aggregate assets of USD80,200,000.（B） The bank had aggregate assets of USD80,020,000.（C） The bank had aggregate assets of USD8,200,000.（D）The bank had aggregate assets of USD18,200,000. （A）Credit card
7、customers are given a right to buy goods and services.（B） The cardholder can buy goods and services within the credit limit.（C） Normally, banks will set different credit lines to different groups of cardholders.（D）Each month the cardholder receives a statement from the bank. （A）In dealing with colle
8、ctions, banks will do nothing to follow the collection order.（B） Banks will do something in dealing with the collection order.（C） Banks should strictly follow the instructions in the collection order.（D）In dealing with collections, the bank is usually useless. （A）The supplier is the prime beneficiar
9、y of a transferable L/.（B） The middleman is the prime beneficiary of a transferable L/.（C） Neither the supplier nor the middleman is the beneficiary of a transferable L/.（D）In order to be in favor of the middleman, you should open a transferable credit. 对话理解（A）The minimum deposit reserve.（B） Adjusti
10、ng the base interest rate.（C） Regulating rediscounting.（D）Open market operations. （A）880 yen.（B） 794 yen.（C） 719 yen.（D）888 yen. （A）A bill of exchange with a 90-day maturity for $ 6,075.00.（B） A bill of exchange with a 60-day maturity for $ 6,075.00.（C） A bill of exchange with a 90-day maturity for
11、$ 6,750.00.（D）A bill of exchange with a 60-day maturity for $ 6,750.00. （A）Cash.（B） Sight deposit.（C） Cash dispenser.（D）Cheque. （A）To make investment.（B） To record data.（C） To provide useful information.（D）To understand some basic accounting principles. （A）￥90,000 in notes and ￥68,000 in travelers c
12、heques.（B） ￥68,000 in notes and ￥90,000 in travelers cheques.（C） ￥6,800 in notes and ￥9,000 in travelers cheques.（D）￥9,000 in notes and ￥6,800 in travelers cheques. （A）All the main commercial banks in Britain agreed to issue a standardized form of cheque card.（B） British banks started to issue credi
13、t cards.（C） Customers of British banks may cash their cheques in European countries.（D）Commercial banks in the United States began to issue cheque card. （A）The bank will cash the check immediately.（B） The bank will issue a new bank account and deposit the money for him.（C） The bank will cash it for
14、him until the proceeds are collected from the paying bank.（D）The bank will endorse the check before payment. （A）Collection Order.（B） Bill of Lading.（C） Letter of Credit.（D）Certificate of Origin. （A）Cheque cards.（B） Credit cards.（C） Debit cards.（D）Smart cards. 短文理解（A）It means that at any time you can
15、 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 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
16、 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 days 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）
17、Oct. 12th（D）Oct. 13th 24 How often do the FOMC members typically put their heads together?（A）twice annually（B） 4 times 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 pol
18、icy.（C） Making decisions on fiscal policy.（D）Making decisions on exchange rate of U. S. dollar. 26 Which 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 f
19、orces.（C） The FOMC（D）none of the above. （A）Intrinsic value and time value.（B） 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
20、price.（C） When the spot price is higher than the option exercise 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
21、liability on a bank balance sheet is _.（A）deposits（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 cr
22、edit, banks will not accept _ presented by the beneficiary.（A）open cover（B） cover note（C） insurance certificate（D）insurance policy 34 Before making a loan, potential lenders determine the borrowers ability to meet _.（A）scheduled payment（B） his creditor（C） the governments requirements（D）financial inf
23、ormation 35 As 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, coll
24、ege deans, 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 rate is
25、 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）Confirmed irrevocable
26、 documentary credit（B） Open account（C） Documentary collection D/A（D）None of the above 39 The spot rate of French Francs is 9.2950-9.3055; the three-month premium is 5.50-4.70 centimes. What is the rate at which a UK bank would buy French Francs under a three-month fixed forward contract?（A）FRF 9.258
27、5（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 wouldnt pay any commission（D）The terms of the credit can be amended if necessary 二、完形填空40 Un
28、derwriting simply means that the investment banker promises to buy the (56) . The investment banks help design the securities and buy it from the (57) with the intent of selling it to (58) as quickly as possible. Usually, the issue is not subscribed to in its entirety by the (59) investment banker b
29、ut is (60) among other institutions as well. （A）securities（B） stock（C） bond（D）funds （A）securities institution（B） issuer（C） credit（D）borrower （A）holder（B） trader（C） customers（D）investors （A）original（B） primary（C） leading（D）central （A）combined（B） syndicated（C） business combination（D）joint 45 When the
30、stock market turns down, holders of common stocks traditionally begin to move some portion of their (61) out of stocks and into (62) to protect themselves against further declines in the market, PI programs attempt to hedge against the possibility of a market decline by (63) stock index futures cont
31、racts or stock index options (buying stock index put options). The more the market falls, the more futures and options contracts are sold by PI programs. If the market continues to fall, the rise in the value of the portfolio futures and option positions cushions the decline in the value of the port
32、folio common stocks. PI managers believe that such hedging programs using futures and options involve lower transaction costs and provide greater (64) than the traditional method of actually selling stocks and buying treasury (65) （A）treasure（B） assets（C） investment（D）capital （A）cash（B） futures（C） o
33、ptions（D）money （A）borrowing（B） selling（C） buying（D）investing （A）value（B） liquidity（C） flexibility（D）elasticity （A）bills（B） stocks（C） money（D）value 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 of as a formal or informal organization o
34、f 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 areas connected through phones or computer
35、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 at a market.The second meaning of the word
36、 “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 equations. This is an abstract way to thin
37、k 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, respectively.51 A financial market may be thought
38、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 from the second paragraph of the passage that there are so
39、me 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）Right（B） Wrong（C） Doesnt say 54 Reserve Banks have expressed an intere
40、st 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 rapid but temporary need for examiners experienced in loan underwriting and
41、 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 downturn, problem loans, or problem banks. While it is important to main
42、tain 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 example, a consultant may be engaged for a one-time assignment that does not
43、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 banking, such as brokerage services or insurance. 55 The external experts ca
44、n 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） Doesnt say 57 An external consultant must work with some System experts.（A）Right（B） Wr
45、ong（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 known to each other and probably have established a successful working relationship. The import
46、er 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 goods it has bought can be shipped, the importer must place funds with its bank so that the expo
47、rter 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 imp
48、orter and exporter trade upon their reputation.（A）Right（B） Wrong（C） Doesnt say 60 The exporter has gotten the funds before he ships the goods in foreign collection.（A）Right（B） Wrong（C） Doesnt say 四、阅读理解60 New securities by companies are usually brought to market after advice and a commitment to unde
49、rwrite by an investment banking firm. Underwriting simply means that the investment banker promises to buy the securities. The investment bank helps design the security and the investment banker buys it from the issuer with the intent of selling it to investors as quickly as possible. Usually, the issue is not subscribed to in its entirety by the original investment banker but is syndicated among other institutions as well. Through the syndication process, the original investment banker invites othe
