1、金融英语初级-3 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)Section One 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 tile four suggested answers marked A, B,
2、 C and D, and decide which is the best answer. Then mark the corresponding letter on fire: ANSWER SHEET with a single line through the center.（分数：5.00）A.The State Development Bank is the central bank of the Peoples Republic of China.B.The Agricultural Development Bank of China is the central bank of
3、 the Peoples Republic of China.C.The Export - Import Bank of China is the central bank of the Peoples Republic of China.D.The Peoples Bank of China is the central bank of the Peoples Republic of China.A.Foreign exchange rates are published monthly.B.Foreign exchange rates are published daily on the
4、magazines.C.Foreign exchange rates are published daily in the principal newspapers of the world.D.Foreign exchange rates arent published daily.A.Maturity rate.B.Coupon Rate.C.Face Value.D.Monthly cash payments.A.278B.280C.380D.378A.The Bank of England can issue banknotes.B.The Bank of England have s
5、et up a representative office in China.C.The Bank of England cant supervise the securities market.D.The Bank of England cant manage the national debt.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
6、 China.D.The foreign banks are forbidden setting up a representative office.A.In 1980, Japan established the first representatives office of the Export - Import Bank in Beijing.B.In 1979, file Export - Import Bank of Japan became the first to establish the representatives office in Beijing.C.In 1979
7、, the ABC Bank of England established the first representatives office in Beijing.D.In 1979, the Bank of Canada established the first representatives office in Beijing.A.In 1994B.In 1998C.In 1949D.In 1995A.There are no inconveniences of personal checks.B.Personal checks are very convenient.C.There a
8、re some inconveniences of personal checks.D.Personal checks are very useful.A.The interest rate for time deposits is lower.B.The interest rate for regular savings account is as high as regular savings accounts.C.There is no interest rate for time deposits.D.The interest rate for time deposits is muc
9、h higher than regular savings accounts.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
10、must read 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.The holder has to pay immediately.B.The holder doesnt have to pay immediately.C.The cardholder doesnt have any ot
11、her options.D.The cardholder has two other options.A.Taxes on activities.B.Taxes on income.C.Taxes on wealth.D.Sales taxes.A.No less than $ 100 million.B.No less than RMB 100 million.C.At least RMB 200 million.D.At least RMB 150 million.A.With this, people do not need to take cash with them.B.It is
12、useless.C.People cant buy grits with a signed check.D.People cant pay for services with a signed check.A.In 1918.B.In 1915.C.An 1951.D.In 1975.A.Commercial Banks.B.Industrial Banks.C.State Banks.D.Development Banks.A.The Industrial and Commercial Bank.B.Agricultural Bank.C.Bank of China.D.The People
13、s Bark of China.A.Expanding business.B.Maintaining the stability of currency.C.Decreasing economic growth.D.Supervising file banking system.A.You cant get out the money before the certificate matures.B.If you need the money, you can get out the money before the certificate matures.C.You would not re
14、ceive the stated interest return if you draw the money before the certificate matures.D.You couldnt use the money if you failed to get out the money from the banks.A.BondsB.SavingsC.Common stocksD.Blue chips三、BSection Three(总题数：1，分数：3.00)Directions: In this section you will hear three short passages
15、. At the end of each passage, you will hear some questions. The passages arm the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C, and D. Then mark the corresponding letter on the ANSWER SHEET with a single line throu
16、gh the center. BPassage One/B（分数：3.00）A.the peoples needsB.the monetary needs of the economyC.the needs of the countryD.the needs of central banksA.Chartered banks.B.Credit Unions.C.Provincial Savings banks.D.Trust and mortgaged loan companies.A.Most of central - banking functions are fulfilled by t
17、he Bank of Canada.B.The Bank of Canada doesnt implement its monetary policies through its nine chartered banks.C.The Bank of Canada has substantial autonomy in the determination of monetary policy.D.The Bank of Canada implements its monetary policies through its nine chartered banks.四、BPassage Two/B
18、(总题数：1，分数：4.00)A.970B.700C.9700D.900A.The terrorist attacks on New York on Sept. 11.B.The Great Depression of 1929.C.The Black October crash in 1987.D.The Watergate Scandal.A.Good quality companiesB.State - owned companiesC.Private enterprisesD.Bad quality companiesA.Red chips.B.Global blue chips.C.
19、Common stocks.D.Securities.五、BPassage Three(总题数：1，分数：3.00)A.Young people have a limited amount of capital to invest.B.A retired person may want to buy Social Securities.C.People invest their money for different reasons.D.Some people may have a risky investment.A.moneyB.propertyC.hobbiesD.motivesA.bl
20、ue chipsB.bonds and preferred stocksC.social securitiesD.collectables六、BPart Two Readin(总题数：10，分数：10.00)1.Unemployment _ last year and since then has gone down.（分数：1.00）A.increasedB.disappearedC.firmedD.peaked2.But the IMF projections also foresaw a _ deterioration of the global current account imba
21、lance.（分数：1.00）A.outstandingB.ceasedC.markedD.continuing3.Inflation has returned to _ the major industrial economies, forcing interest rates higher from the lows set after the global stock market crash of 1987.（分数：1.00）A.fightB.knockC.enshrineD.haunt4.The world economy seemed to have gone into a _.（
22、分数：1.00）A.troubleB.decreaseC.declineD.dilemma5._ strategies attempt to penetrate new areas, expand geographically, seize market opportunities and adopt innovations in order to make the bunk organization a leader in its market.（分数：1.00）A.WiseB.SuccessC.OffensiveD.Management6.In an extreme case-bankru
23、ptcy-the owners _ will be repaid only after everyone else has received what they are owed.（分数：1.00）A.propertyB.equityC.estateD.firm7.The IMF warned recently that continuing strong domestic demand could _ a new jump in the US current account balance of payments deficit.（分数：1.00）A.dragB.nurtureC.trigg
24、erD.launch8.Such developments could cause international investor to _ down their demand for US dollar assets.（分数：1.00）A.keepB.putC.noseD.scale9.On first reading it appeared to offer some hope that the industrial world can achieve a soft _ from its present overheated state.（分数：1.00）A.risingB.fallingC
25、.climbingD.landing10.To ensure, a companys long - term survival and prosperity, finance managers need to make decisions about the _ of the company.（分数：1.00）A.gearingB.benefitC.profitD.gain七、BSection Two/B(总题数：5，分数：5.00)A.toB.withC.intoD.outA.upB.downC.alongD.belowA.crashB.explosionC.depressionD.rece
26、ssionA.promotedB.appointedC.namedD.candidatedA.asB.toC.forD.with八、BPassage Two/B(总题数：5，分数：5.00)A.investigatedB.askedC.questionedD.surveyedA.look atB.commentC.praiseD.viewA.tameB.temperC.fightD.reduceA.continuedB.steppedC.followedD.pursuedA.controlledB.keptC.watchedD.regulated九、BSection Three(总题数：3，分
27、数：3.00)21.Acceptance of the bill by the drawee is referred to as presentation.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say22.The drawee is needed to pay a bill at a future date when it is specified that the bill is to be paid at once.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say23.A bill may be p
28、aid on demand if time for payment is not indicated.（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.A travellers cheque is selfidentifying because the issuer can have his name on it.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say25.One can only cash his travellers chequ
29、e in his hometown.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say26.It is very reasonable to print the signature of the customer on the travellers cheque.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十一、BPassage Three(总题数：4，分数：4.00)27.Preferred stockholders hold a claim on assets that enjoys priority
30、 over the claims of common stockholders and bondholders.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say28.Common stock is less risky than a preferred stock because of its fixed dividend.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say29.A share of preferred stock is more like a bond than common stock.（
31、分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say30.If the firm has paid the promised dividend, the preferred stockholders do not usually vote.（分数：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.Which of the following is not the difference between a transferable credit and a
32、 back - to - back credit?（分数：1.00）A.Only one credit is involved in trading on a transferable credit basis, whereas back - to - back credits consist of two entirely separate documentary credits.B.With transferable credits tire middleman gets a documentary credit from the ultimate buyer, whereas with
33、back - to - back credits the supplier has to obtain a documentary credit from the ultimate buyer.C.With transferable credits, the ultimate buyer is aware that he is dealing with a middleman; with hack - to- back credits, he is not.D.With transferable credits the middleman and his bankers have no lia
34、bility on the credit, but with back - to- back credits, they are fully liable on the second credit.32.Under UCP a credit is transferable if it is _.（分数：1.00）A.expressly designated transferable by the issuing bankB.expressly designated assignable by the issuing bankC.marked on its face divisibleD.use
35、d whenever the supplier sells goods through a middleman33.With back - to - back credits, party (parties) affected by the back - to - back aspect is (are) _.（分数：1.00）A.the ultimate buyerB.the original supplierC.the original suppliers bankerD.the middleman and its banker34.The middleman will approach
36、the ultimate buyer and ask him to arrange a transferable documentary credit in his (the middlemans) favour. Here “in the middlemans favour“ means that _.（分数：1.00）A.the credit will be opened with the help of the middlemanB.the credit will be opened with the help of the ultimate buy with hack - to- ba
37、ck credits, he is not.D.With transferable credits the middleman and his bankers have no liability on the credit, but with back - to- back credits, they are fully liable on the second credit.解析：32.Under UCP a credit is transferable if it is _.（分数：1.00）A.expressly designated transferable by the issuin
38、g bank B.expressly designated assignable by the issuing bankC.marked on its face divisibleD.used whenever the supplier sells goods through a middleman解析：33.With back - to - back credits, party (parties) affected by the back - to - back aspect is (are) _.（分数：1.00）A.the ultimate buyerB.the original su
39、pplierC.the original suppliers bankerD.the middleman and its banker 解析：34.The middleman will approach the ultimate buyer and ask him to arrange a transferable documentary credit in his (the middlemans) favour. Here “in the middlemans favour“ means that _.（分数：1.00）A.the credit will be opened with the
40、 help of the middlemanB.the credit will be opened with the help of the ultimate buy&C.the credit will be opened with the middleman as its beneficiary D.the credit will be opened with the ultimate buyer as its beneficiary解析：35.In a transferable credit, the first beneficiary is usually _.（分数：1.00）A.th
41、e supplierB.the bankC.the middleman D.the importer解析：十三、BPassage Two/B(总题数：5，分数：5.00)36.In non - recourse factoring, the balance of undrawn funds still held by the factor is carried as _.（分数：1.00）A.asset on the clients financial statement B.current liability on the clients financial statementC.long-
42、 term liability on the clients financial statementD.None of the above is correct.解析：37.Factoring is a method of providing short - term financing in which _.（分数：1.00）A.The client sells its accounts to the factorB.The client sells its accounts payable to the factorC.The client sells its accounts recei
43、vable to the factor D.The client sells its sales proceeds to the factor解析：38.Usually, the sales invoices are purchased by the factor after _.（分数：1.00）A.orders are. rifledB.merchandise is shippedC.delivery is verified and other requirements are met D.None of the above is correct.解析：39.All of the foll
44、owing statements are time except _.（分数：1.00）A.the accounts receivable guaranteed by the factor usually strengthens the borrowing position of the clientB.factoring involves no financing, only service C.in factoring, orders from the clients customer are approved prior to shipment, and the factors resp
45、onsibility is to collect the net sales proceeds from customersD.in maturity factoring, no interest is charged, since the client has taken no advances against his sales prior to the maturity date of the bill解析：40.Cash advances under factoring are not loans, since _.（分数：1.00）A.they are made prior to t
46、he maturity date of the billB.they are made at maturity of tile billC.they are made against borrowers guaranteeD.they are made on the basis of money due to the client at a later date 解析：十四、BPassage Three(总题数：5，分数：5.00)41.“Mirror accounts“ mean _.（分数：1.00）A.accounts which reflect information of bank
47、statementsB.accounts of other banksC.accounts in other banksD.accounts on our own bank to check whether the information appearing on the statements received from other banks are correct. 解析：42.Account reconciliation staff should be _.（分数：1.00）A.those committing transactionsB.those committing account
48、 entriesC.Neither A nor B D.Both A and B解析：43.A vostro account is also called _.（分数：1.00）A.“due to bank“ account B.“due from bank“ accountC.“our account with you“D.None of the above.解析：44.Possible masons for unbalanced statements are _.（分数：1.00）A.missing statementsB.duplicated statementsC.reconcilia
49、tion errorsD.All above. 解析：45.A nostro account is also called _.（分数：1.00）A.“due to hank“ accountB.“due from bank“ account C.“your account with us“D.None of the above.解析：十五、BPassage Four/(总题数：5，分数：5.00)46.The parties agreement to use a particular Incoterm _.（分数：1.00）A.would surely have no implications
