1、金融英语初级-1 及答案解析(总分：100.00，做题时间：90 分钟)一、BPart One Listen(总题数：2，分数：10.00)BSection One/B Directions: In this section, you will hear short statements. Each statement will be spoken only once. After each statement there will be a pause. During the pause, you must read the four suggested answers marked A,
2、B, C and D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.（分数：5.00）A.$ 300 in travelers checks, $ 200 in U.S. dollars.B.$ 200 in travelers checks, $ 500 in U.S. dollars.C.$ 500 in travelers checks, and the balance in
3、 U.S. dollars.D.$ 500 in travelers checks, $ 200 in U.S. dollars.A.The companys profits are far more than its losses.B.The company has no losses.C.The company has no profits.D.The company has more losses than profits.A.The interest rate for borrowing money is 6.5 percent.B.The interest rate for borr
4、owing money has reached 7.5 percent.C.The interest rate for borrowing money is 7.0 percent.D.The interest rate for borrowing money has decreased from 7.5% to 6.5%.A.The shopkeeper didnt want to keep the goods for me.B.The shopkeeper promised to keep the goods for me, but I must leave a deposit.C.Eve
5、n if I left a deposit, the shopkeeper still didnt want to keep the goods for me.D.The shopkeeper was too busy to keep the goods for me.A.You can sign these checks if you are asked to do so.B.You shouldnt sign these checks.C.You may sign these checks on our behalf.D.You havent the right to sign these
6、 checks.A.Bank lends to those who want to lend.B.Bank borrows from those who want to lend.C.Bank borrows from those who want to borrow.D.Bank cant lend money to people.A.When a bank lends out money, it will not charge any interest to the customer.B.When a bank lends out money, it will charge interes
7、t to the customer.C.When a bank lends out money, the borrower neednt return the money.D.When a bank borrows money than those who want to lend, it neednt pay anything.A.The financial reporting is used to provide information useful for making investment and lending decision.B.The financial reporting i
8、s useless.C.The financial repotting cant help people to decide whether they invest on something or not.D.The financial reporting has no objectives.A.China wants to encourage competition from foreign financial institutions.B.China cant expand the list of areas open to foreign banking establishment.C.
9、China has to restrict the list of the areas open to foreign banking establishment.D.China failed to expand the list of the areas open to foreign banking establishment.A.Cash is crucial to a countrys economy.B.Money is crucial to a countrys economy.C.Capital is crucial to a countrys economy.D.Banks a
10、re crucial to a countrys economy.二、BSection Two/B(总题数：2，分数：10.00)Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and the question will be spoken only once. During the pause, you must r
11、ead the four choices marked A, B, C, D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.（分数：5.00）A.Tomorrow morning.B.This evening.C.This afternoon.D.Tomorrow.A.The one - year plan.B.The three - month plan.C.The six -
12、month or twelve - month plans.D.The two - year plan.A.The minimum deposit reserve.B.Adjusting the base interest rate.C.Regulating rediscounting.D.Open market operations.A.78507476.B.78107476.C.77007476.D.78007476.A.RMB 10.B.RMB 2.C.RMB 5.D.RMB 1.A.Dutch guilders.B.Swiss francs.C.Euros.D.U.S. dollars
13、.A.RMB 1000.B.RMB 2000.C.RMB5000.D.RMB500.A.Almost 500.B.Almost 5100.C.Almost 5500.D.Almost 5000.A.the market prices.B.the expansion of the bank.C.hiring new staff.D.the cost of the bank operation.A.The unused balance can be transferred to Canada.B.The woman must pay postage and telegraphic fees.C.T
14、he woman neednt pay postage and telegraphic fees.D.The handling charges are free.三、BSection Three(总题数：1，分数：3.00)Directions: In this section you will hem three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you
15、hear a question, you must choose the best answer from the four choices marked A, B, C, and D. Then hark the corresponding letter on the ANSWER SHEET with a single line through the center. BPassage One/B（分数：3.00）A.the cashier will give you a sales slipB.the cashier will check your I. DC.the cashier w
16、ill examine the sales slip carefullyD.the cashier will scold you for not taking cash with youA.the government of tile cityB.the card issuing bankC.the department storeD.the management departmentA.Details of each sale are provided on tile sales slip.B.There are no details of each sale in the sales sl
17、ip.C.There is no signature on the sales slip.D.There is no other information on the sales slip.四、BPassage Two/B(总题数：1，分数：3.00)A.rent a houseB.borrow a houseC.housing mortgageD.earn inure moneyA.After they hand in their certificate of the house property.B.After they pay a certain amount of money firs
18、t.C.After they have paid all the money for the house.D.After they have the certificate of the house property.A.the owner of the houseB.the banksC.their friendsD.the buyer of the house五、BPassage Three(总题数：1，分数：4.00)A.72%B.73%C.79%D.82%A.Higher pricesB.Average pricesC.Fixed pricesD.Lower pricesA.40% t
19、o 50%B.5% to 6%C.4% to 5%D.14% to 15%A.Shanghai Petrochemical is wasting up to 30% of the oil it buys.B.Shanghai Petrochemical is a long- term trading buy.C.Shanghai Petrochemical is a short- term trading buy.D.Shanghai Petrochemical was top - rated last year.六、BPart Two Readin(总题数：10，分数：10.00)1.Dur
20、ing tile Great Depression, the four years from 1929 to 1933, unemployment _ almost one fifth of the labor force in the industrial world.（分数：1.00）A.inducedB.afflictedC.incurredD.affixed2.The historic _ ceiling is $ 940, but scarcity of resources has long limited access to IDA funds to countries with
21、per capita incomes less than $ 580.（分数：1.00）A.paymentB.repaymentC.eligibilityD.demand3.The IDA charges only three fourths of 1 percent as a service charge on _ loan balances.（分数：1.00）A.debtB.outperformingC.outdoingD.disbursed4.To date, there have been no _ on loans made by the World Bank.（分数：1.00）A.
22、fraudB.cheatC.mistakesD.defaults5.Alternatively, _ may lead to call for protection against foreign imports or capital controls to defend the exchange rate.（分数：1.00）A.debtsB.loansC.regulationD.deficits6.At such a price, the VCR _ the cost of home movie watching.（分数：1.00）A.counteredB.slicedC.slashedD.
23、dived7.Applicable to the entire World Bank Group is the _ of most governmental borrowers for multinational loans.（分数：1.00）A.likeB.influenceC.affectD.preference8.A physical commodity that is valued in its own _ and also used as a means of payment is commodity money.（分数：1.00）A.characterB.termC.normD.r
24、ight9.The IFCs policy is to favor joint ventures that have some local capital _ at the outset.（分数：1.00）A.initiatedB.committedC.commemoratedD.commigled10.The World Banks efforts to direct its hard loans to private enterprise have created a record of decades of _ lending.（分数：1.00）A.botchedB.misledC.di
25、stortedD.capital七、BSection Two/B(总题数：5，分数：5.00)A.actedB.tookC.playedD.hadA.thatB.byC.andD.withA.seeB.faceC.meetD.solveA.sinceB.asC.forD.becauseA.inB.overC.forD.at八、BPassage Two/B(总题数：5，分数：5.00)A.effectiveB.confidentC.proficientD.efficientA.aimsB.objectivesC.purposesD.actionsA.flowB.productionC.forma
26、tionD.incomeA.muchB.manyC.suchD.a number ofA.abilityB.capacityC.competenceD.skills九、BSection Three(总题数：3，分数：3.00)21.The buyer has to pay the seller fully in advance in this ease.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say22.Cash in advance applies when the manufacturing process or services delive
27、red are labor intensive.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say23.The seller can deal with the funds before the shipment of the goods through cash in advance.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十、BPassage Two/B(总题数：3，分数：3.00)24.The beneficiary will have to comply with excessive deta
28、ils requested by the bank.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say25.The applicants sometimes provide short - term loans to the beneficiary.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say26.Rough information is required to be contained by the applicants in the documentary credit.（分数：1.00）A.A. R
29、ight B.B. Wrong C.C. Doesnt say十一、BPassage Three(总题数：4，分数：4.00)27.Internet banking obscures the service boundaries of banks and therefore reduces the risks.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say28.With the advent of Web- based commerce, start - ups are not a threat to other companies.（分数：1.0
30、0）A.A. Right B.B. Wrong C.C. Doesnt say29.The worlds of banking have been made more complicated and uncertain because of the internet as an increasingly important commercial tool.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say30.Internet banking can save banks resources of human power and capital.（分数
31、：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十二、BSection Four/(总题数：5，分数：5.00)31.What will be introduced to improve the basis for the required reserves?（分数：1.00）A.The role of rediscount.B.The role of market adjustment.C.The concept of average balance.D.Indirect policy instruments.32.Why is flexibility
32、needed in selecting modes of open market transactions?（分数：1.00）A.To improve the settlement and clearing system.B.To enhance the role of open market in guiding short - term interest rates.C.To optimize the timing and scale of open market transactions.D.To increase transaction frequency.33.In sequenci
33、ng of interest rate liberalization _.（分数：1.00）A.local currency interest rate policies will be reformed before those governing foreign currency rates.B.rural rate policies are reformed following those for urban financial institutions.C.bank lending rates arc reformed ahead of deposit rates.D.All of t
34、he above.34.There will be no control over retail deposit interest rates and a flexible management of large amount deposit interest rates.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say35.While expanding the scope of bills eligible for discount, the ceiling on discount interest rate will be, gradually
35、 increased in support of the market - based interest rate reform.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十三、BPassage Two/B(总题数：5，分数：5.00)36.In what way do banks act as “market - makers“ in foreign exchange markets?（分数：1.00）A.By buying foreign currencies.B.By quoting exchange rates to customers
36、.C.By avoiding the risks of the market.D.Both A and B37.Excessive interest rate risk impacts _.（分数：1.00）A.the earnings of a bank.B.economic value of a banks assets.C.capital base of a bank.D.All of the above.38.How many forms of interest rate risk were mentioned?（分数：1.00）A.5B.3C.2D.439.Running open
37、foreign exchange positions is _, especially during periods of instability in exchange rates.（分数：1.00）A.of law riskB.of high riskC.of no riskD.visible40.Repricing risk comes from _.（分数：1.00）A.changes in the slope and shape of the yield curve.B.the express or implied options imbedded in many bank asse
38、ts, liabilities and off- balance sheet portfolio.C.timing differences in the maturity and repricing of bank assets, liabilities and off- balance sheet positions.D.None of the above.十四、BPassage Three(总题数：5，分数：5.00)41.What does liquidity squeeze mean?（分数：1.00）A.There is enough available cash.B.There i
39、s a shortage of cash and liquid assets.C.Liquid asset can be obtained from different sources.D.Banks dont have to worry.42.How may banks provide for liquidity?（分数：1.00）A.By reserving cash.B.By stopping borrowing money.C.By drawing new deposits.D.Both A and C43.Why is it necessary for banks to mainta
40、in adequate liquidity?（分数：1.00）A.To meet the demand for withdrawals from deposits.B.To fulfill promises to lend at a specific time.C.To prepare for inter- bank settlements.D.All of the above.44.The higher the level of liquidity a bank maintains, the more, profit the bank can gain.（分数：1.00）A.A. Right
41、 B.B. Wrong C.C. Doesnt say45.What is the minimum liquidity ratio a bank is required to have?（分数：1.00）A.25 % per year.B.25 % in each calendar month.C.the stun of liquefiable assets and qualifying liabilities.D.unspecified.十五、BPassage Four/(总题数：5，分数：5.00)46.To prevent money laundering, _.（分数：1.00）A.b
42、anks need an effective audit.B.banks need to focus mi “know- your- customer“ policies.C.banks need to detect and report suspicious transactions.D.Both B and C47.Which of the following is not correct?（分数：1.00）A.Internal controls must be supported by an effective audit function.B.In case of internal c
43、ontrol weakness identified by auditors, management needs to take appropriate corrective action.C.Banking supervisors must ensure that banks only observe banking laws and regulations.D.Sound internal controls and strong risk management practices are critical for the safe and sound operation of bankin
44、g organizations.48.To a banking organization, effective risk management and internal control can help ensure _.（分数：1.00）A.that the bank will achieve long- term profitability targets.B.that the risks are identified and under control.C.that the bank will comply with relevant laws and regulations.D.All
45、 of the above.49.The function of an effective and it is _.（分数：1.00）A.to decrease the risk of unexpected losses or damage to the banks reputations.B.to help file bank achieve long - term profitability targets.C.to independently assess the adequacy, operational effectiveness and efficiency of the cont
46、rol systems within an organization.D.All of the above.50.Internal control consists of _.（分数：1.00）A.management control.B.risk identification.C.correction of deficiencies.D.All of the above.十六、BPart Three Writ(总题数：1，分数：5.00)51. （分数：5.00）_十七、BSection Two/B(总题数：1，分数：5.00)52.China will continue to pursue
47、 a sound monetary policy, and seek refinements in the conduct of monetary policy by relying mainly on indirect policy instruments. First, open market operations will be expanded, and tile quality of the relevant decision - making will be improved to optimize the timing and scale of open market trans
48、actions. Transaction frequency will be increased and fine - turning measures will be taken as the occasion warrants.（分数：5.00）_十八、BSection Three(总题数：1，分数：10.00)53.请按信函格式以下列内容给英国伦敦某银行用英语写一封信。 1) 要求与贵行建立业务往来关系。 2) 我方的确很高兴注意到，我们两国之间的贸易量一直在快速地增长。为了处理我们两行之间日益增加的银行业务，我方很乐于与贵行建立业务往来关系。 3) 出于这一良好意愿，我方现随函附上 2001年年度报告一份供您参考。 4) 一旦收到贵方函复，我方将很高兴发送给贵方我方的控制文件。盼佳音。（分数：10.00）_金融英语初级-1 答案解析(总分：100.00
