1、金融英语初级-18 及答案解析(总分：-29.96，做题时间：90 分钟)一、Part One Listening(总题数：0，分数：0.00)二、Section One(总题数：2，分数：-2.00)（分数：-1.00）A.Mortgage loans are profitable but high - risking compared to corporate lendingB.Mortgage loans are more profitable and low- risking compared to corporate lending.C.Corporate lending is un
2、profitable but carries low risk.D.Corporate lending is less profitable but carries low risk.t?A.A grace period of three days is allowed.B.Three days are allowed before payment.C.Payment is allowed to last for three days.D.That will be a disgrace if payment is not made within three days.A.There is no
3、 money available in your bank account.B.There are one thousand yuan left with your bank account.C.The balance of your break account is one thousand yuan.D.You can overdraw one thousand yuan from your bank account.A.The government should confiscate property for public use.B.The government should keep
4、 confiscated property for public use.C.The public can use property confiscated by the government.D.The public can confiscate property for government use.A.Watermark is a useful way to recognize a note.B.Recognizing watermark is a useful way to tell whether the note is a forgery.C.Distinguishing whet
5、her watermark is a forgery is very useful and helpful.D.Recognizing watermark is a useful way to prevent forgery of the note.（分数：-1.00）A.If you don“t negotiate your L/C in time, that will bring shame on you.B.If you don“t negotiate your L/C in time, the bank will refuse to pay you.C.You must negotia
6、te with the bank in time, or you cannot get money.D.You must negotiate with the bank in time, or you cannot keep good credit.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.The advisi
7、ng bank will reimburse the bill of lading and the L/.D.The issuing bank will reimburse the bill of lading and the L/.A.It is essential for the exporter to make sure that the contract conforms with the L/C.B.Some exporters will make use of the discrepancy of the L/C to cheat in the transaction.C.It i
8、s essential for the buyer to be careful about the agreement of the L/C and the contract.D.There is a tendency that some exporters deliberately cheat in the transaction.A.Some enterprises are not wise enough to get loans because they are not creditworthy.B.Some enterprises are not creditworthy, so th
9、ey fail to get loans from banks.C.Some banks are not wise because they grant loans to some unworthy enterprises.D.Some banks should first find whether some enterprises are creditworthy before granting loans to them.A.The importer should take the contract to the bank if he wants to apply for a L/.B.T
10、he applicant, usually the exporter takes the contract to the bank to apply for a L/.C.When applying for a L/C from a bank, the applicant may not have the contract.D.The applicant may take the contract to the bank after having applied for a L/.三、Section Two(总题数：2，分数：-2.00)（分数：-1.00）A.He“s drawn a lot
11、 of money on his account.B.He has about US $ 200 in his account.C.He is US $ 600 in the rod.D.His account is overdrawn.A.Contact the woman or her bank as soon as he can.B.He will be directed to the issuing bank.C.He will get a refund.D.He will get new cheeks.A.They can“t make exceptions.B.The intern
12、ational financial market is not stable.C.The Western economy is going down.D.The competition is very fierce.A.Our manufacturers will have to change the production schedule:B.We are not sure about what the production schedule can fulfill.C.It is very probable that prompt shipment will be made.D.Our p
13、roduction schedule is full at the moment.A.Periods of insurance.B.Destinations and routes.C.Degree of risks.D.Kinds of goods.（分数：-1.00）A.Where to buy travellers cheques.B.How much money is charged when cashing travellers“ cheques.C.Whether a charge is required when cashing travellers“ cheques.D.Wher
14、e to cash travellers“ cheques.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.D.It is advisable to open a foreign currency account.A.During summer holidays.B.
15、Between January and February.C.At Christmas time.D.In the last two months of the year.A.The first woman has applied for a capital loan.B.The first woman is an old customer of the second woman.C.The second woman is from a bank.D.The second woman is going to assess the first woman“s loan application.A
16、.The woman got the remittance of US $ 1000.B.The woman would like $ 300 in Renmiubi.C.The woman would like $ 200 in Benminbi.D.The woman would like $ 500 in traveller“s cheques.四、Section Three(总题数：3，分数：-3.00)（分数：-0.99）A.Problem Bank Situations.B.Inadequate Supervision of The Bank.C.Serious Deteriora
17、tion in A Bank“s Financial Condition.D.Weak Bank Management.A.Failed banks lack comprehensive policies.B.Failed banks lack procedures limiting risk taking.C.Bank loan officers are not well guided in developing a sound loan portfolio.D.Loan policies are poorly defined.A.It“s the board“s responsibilit
18、y to ensure the capability of the bank“s management.B.The board must work with management in developing a strategic plan.C.A strategic plan includes the bank“s business goals and its programs for achieving these goals.D.The good intentions of bank management and the efforts of bank supervisors can p
19、revent banks from getting into trouble.（分数：-1.00）A.The cardholders can buy goods beyond a credit limit given on tire credit card account.B.The cardholder is billett for any outstanding balance.C.Banks will set different credit lines to different groups of cardholders.D.The cardholder must sign a sal
20、es slip in the presence of tile seller when he/she uses a credit card for purchasing.A.The details of the card.B.The details of the sale.C.The amount of the sale.D.The amount unpaid.A.The details of all the transactions.B.The total amount unpaid.C.Any minimum amount unpaid.D.The amount of a compound
21、 interest.A.Annual fee from the cardholder.B.The percentage of the sales revenue paid by the seller.C.A compound interest charged oil the outstanding balance.D.The fee charged on the purchase of a credit card.（分数：-0.99）A.70%B.75%C.80%D.85%A.30 years.B.More than 30 years.C.3 years.D.More than 3 years
22、.A.2B.3C.4D.5五、Part Two Reading(总题数：0，分数：0.00)六、Section One(总题数：10，分数：-10.00)1.Economists define money (or, equivalently, the money supply) as anything that is generally accepted iu payment for goods or services or in the _ of debts.（分数：-1.00）A.paymentB.payingC.repaymentD.return2.Bemuse checks are a
23、lso accepted as payment for purchases, _ account deposits are considered money as well.（分数：-1.00）A.changeB.checkC.checker“sD.checking3.In a barter economy, transactions costs am high because people have to satisfy a “double _ of wants“.（分数：-1.00）A.encounterB.concordC.coincidenceD.incidence4.Money is
24、 a _ that allows the economy to run more smoothly by lowering transactions costs, thereby encouraging specialization and file division of labor.（分数：-1.00）A.lucrativeB.lubricateC.lubricantD.lucid5.The solution to the problem is to introduce money into the economy and have all prices quoted _ units of
25、 that money.（分数：-1.00）A.in the light ofB.in accordance withC.in terms ofD.in6.Money also functions as a store of value; it is a _ of purchasing power over time.（分数：-1.00）A.repositoryB.depositorC.repertoryD.repercussion7.Money is file most liquid asset of all because it is the medium of exchange; it
26、does not have to be _ into anything else in order to make purchases.（分数：-1.00）A.transmittedB.conversedC.convertedD.converge8.A financial system must therefore meet the needs of such enterprises by locating, securing, and _ funds for firms which wish to invest.（分数：-1.00）A.shippingB.transportingC.chan
27、nelingD.funneling9.The need for financial provision _ not only to producers but also to consumers.（分数：-1.00）A.is connectedB.is linkedC.links upD.relates10.Many people are only able to purchase by borrowing either from a commercial bank or from a finance company by means of _ purchase.（分数：-1.00）A.who
28、lesaleB.retailC.hireD.order七、Section Two(总题数：2，分数：-2.00)The Bretton Woods Conference was convened in 1944 to find ways to avoid the 1 international economic difficulties of the post - World Wm“ I era. It 2 the International Bank for Reconstruction and Development, commonly called the World Bank. Thi
29、s organization, 3 in Washington, D.C., is owned by over 125 member countries. Each of them contributes 4 to its operations. The largest 5 are the major industrial countries of North America and Europe.（分数：-1.00）A.disastrousB.terribleC.horribleD.enormousA.created upB.formedC.establishedD.foundedA.pos
30、itionedB.centeredC.surroundedD.headquarteredA.moneyB.capitalC.cashD.equityA.ownersB.countriesC.contributorsD.membersThe World Bank extends long- term 6 to member governments for development projects such 7 dams, electrification, general infrastructure, agricultural development, and public health. Al
31、l loans are either 8 directly to the government or carry the government“s guarantee. In addition to drawing on its capital contributions for loan funds, the World Bank has 9 bonds in various international capital markets, including the Arab oil - producing countries in recent years. World Bank loans
32、 are made in hard currencies at market interest rates 10 to cover the cost of funding, Loans usually mature between 15 and 25 years. Repayment is required in the same currency.（分数：-1.00）A.loansB.assetC.budgetD.draftA.thatB.asC.toD.inA.givenB.extendedC.honoredD.madeA.issuedB.developedC.deliveredD.cre
33、atedA.plentifulB.more thanC.sufficientD.adequate八、Section Three(总题数：0，分数：0.00)九、Passage One(总题数：1，分数：-1.00)With China“s entry into time World Trade Organization, China has decided to implement a phased reform of the wholly state - owned commercial banks. The first phase of restructuring aims at maki
34、ng them profit - driven entities with sound internal controls, internationally compatible prudential accounting rules, well- designed incentive structures and appropriate disclosure standards. In the second phase, they will be transformed into joint - equity commercial banks on a case- by - case bas
35、is provided they meet certain conditions. The third phase envisages publicly listing them depending on their qualifications. The joint - equity banks are an emerging force among the commercial hanks. They operate entirely on a commercial basis and mainly serve the local economic development in large
36、 and medium- sized cities. The development of these banks contributes to competition, efficiency in financial intermediation and thereby soundness of the banking system. The reform of time financial system and particularly the diversification of banking institutions have increased competition in the
37、 banking sector and improved financial services in China. Apart from the traditional deposit taking and lending business, commercial banks now offer a broad range of intermediary services such as international settlement, bankcards, private banking, and financial consulting.（分数：-0.99）(1).The wholly
38、state - owned commercial banks will be reformed on a step - by - step basis.（分数：-0.33）A.RightB.WrongC.Doesn“t say(2).The joint- equity banks are not new among the commercial banks and operate on an entirely commercial basis.（分数：-0.33）A.RightB.WrongC.Doesn“t say(3).Commercial banks in China are now t
39、ransferring from time traditional deposit taking and lending business to a broad range of intermediary services such as international settlement, bankcards, private banking, and financial consulting.（分数：-0.33）A.RightB.WrongC.Doesn“t say十、Passage Two(总题数：1，分数：-1.00)The first supervisory technique is
40、the process of licensing or chartering hanks. In most countries banks must acquire a charter in order to undertake banking business. By basing banking supervision on a system of licensing it is a _ of purchasing power over time.（分数：-1.00）A.repository B.depositorC.repertoryD.repercussion解析：7.Money is
41、 file most liquid asset of all because it is the medium of exchange; it does not have to be _ into anything else in order to make purchases.（分数：-1.00）A.transmittedB.conversedC.converted D.converge解析：8.A financial system must therefore meet the needs of such enterprises by locating, securing, and _ f
42、unds for firms which wish to invest.（分数：-1.00）A.shippingB.transportingC.channeling D.funneling解析：9.The need for financial provision _ not only to producers but also to consumers.（分数：-1.00）A.is connectedB.is linkedC.links upD.relates 解析：10.Many people are only able to purchase by borrowing either fro
43、m a commercial bank or from a finance company by means of _ purchase.（分数：-1.00）A.wholesaleB.retailC.hire D.order解析：七、Section Two(总题数：2，分数：-2.00)The Bretton Woods Conference was convened in 1944 to find ways to avoid the 1 international economic difficulties of the post - World Wm“ I era. It 2 the In
44、ternational Bank for Reconstruction and Development, commonly called the World Bank. This organization, 3 in Washington, D.C., is owned by over 125 member countries. Each of them contributes 4 to its operations. The largest 5 are the major industrial countries of North America and Europe.（分数：-1.00）A
45、.disastrous B.terribleC.horribleD.enormous解析：A.created upB.formedC.established D.founded解析：A.positionedB.centeredC.surroundedD.headquartered 解析：A.moneyB.capital C.cashD.equity解析：A.ownersB.countriesC.contributors D.members解析：The World Bank extends long- term 6 to member governments for development pr
46、ojects such 7 dams, electrification, general infrastructure, agricultural development, and public health. All loans are either 8 directly to the government or carry the government“s guarantee. In addition to drawing on its capital contributions for loan funds, the World Bank has 9 bonds in various i
47、nternational capital markets, including the Arab oil - producing countries in recent years. World Bank loans are made in hard currencies at market interest rates 10 to cover the cost of funding, Loans usually mature between 15 and 25 years. Repayment is required in the same currency.（分数：-1.00）A.loan
48、s B.assetC.budgetD.draft解析：A.thatB.as C.toD.in解析：A.givenB.extendedC.honoredD.made 解析：A.issued B.developedC.deliveredD.created解析：A.plentifulB.more thanC.sufficient D.adequate解析：八、Section Three(总题数：0，分数：0.00)九、Passage One(总题数：1，分数：-1.00)With China“s entry into time World Trade Organization, China has
49、decided to implement a phased reform of the wholly state - owned commercial banks. The first phase of restructuring aims at making them profit - driven entities with sound internal controls, internationally compatible prudential accounting rules, well- designed incentive structures and appropriate disclosure standards. In the second phase, they will be transformed into joint - equity commercial banks on a case- by - case basis provided they meet certain conditions. The third phase envisages public
