1、金融英语初级-5 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 the four suggested answers marked A, B,
2、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.Debt isnt a stimulant to growth.B.Debt can stimulate growth.C.Debt is the only stimulate to growth.D.Money can stimulate growth.A.Very few types of he
3、alth insurance programs have been devised.B.Various types of health insurance programs have been devised.C.People dont want to deal with the unforeseeable risks to health through accident or illness.D.Unforeseeable risks to health should be dealt with.A.About one third of the members are specialists
4、.B.The specialists dont act as dealers and brokers.C.About one - fourth of the members are specialists.D.Half of the members are specialists.A.The currency of one country can be used for making payments on another country.B.Different nations have the same monetary units.C.The use of foreign exchange
5、 arises because different nations have different monetary units.D.Foreign exchange doesnt exist now.A.The aim of such control is to raise the demand for foreign exchange.B.The aim of such control is to decrease the supply of foreign exchange.C.The aim of such control isnt to maintain a stable exchan
6、ge rate.D.The aim of such control is to maintain a stable exchange rate.A.Risks may emerge at any time in the course of operation and management.B.When the project is completed, risks will not emerge.C.When the project is transferred to operation, risks will not emerge.D.Risks will not emerge in the
7、 course of operation and management.A.Now the news media are filled with reports of businesses separating into different parts.B.In the past few years, a lot of businesses combined and split to form new businesses.C.There are no reports of businesses combined to form new businesses recently.D.There
8、are very few reports of businesses combined to form new businesses recently.A.The World Trade Organization.B.The World Health Organization.C.The International Bank for Reconstruction and Development.D.The International Labor Organization.A.The bank doesnt charge anything for exchanging foreign curre
9、ncy.B.The bank charges a certain amount of money for exchanging foreign currency.C.You cant change foreign currency,.D.You can change foreign currency in that bank.A.Most banks only provide consultant and information service.B.Most banks dont provide consultant and information service.C.Most banks p
10、rovide not only the banking business but also consultant and information service.D.Most banks only provide the banking business.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
11、 said. The conversation and the question will be spoken only once. During the pause, you 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 woman wants to open
12、a checking- savings account.B.The woman wants to deposit a large sum of money.C.The woman neednt deposit a large sum of money.D.The woman must deposit a large sum of money.A.No, not necessarily.B.Yes, she should recognize them immediately.C.Yes. But she can refer to file record of their signatures.D
13、.No, she neednt do so.A.She wants to stay in Germany.B.She wants to stay in the U. S.C.She wants to buy some American dollars with DM.D.She wants to buy some DM with American dollars.A.Service fee.B.Cable and fax fee.C.Indirect fees.D.Tax.A.820.76B.820.73C.830.76D.820.67A.In a supermarket.B.In a dep
14、artment store.C.In a bank.D.In an office.A.It is a plastic card.B.People can lend it to others,C.It can carry a line of credit ranging from several hundred to several thousand or more.D.It is very convenient.A.DollarB.EuroC.French FrancD.Swiss FrancA.RMB 20B.RMB 12C.$ 20D.RMB 21A.She criticizes ABC
15、Bank.B.She wants to expand their business into China.C.She thinks highly of ABC Bank.D.She praises ABC Bank.三、BSection Three(总题数：1，分数：3.00)Directions: In this section you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be
16、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 through the center. BPassage One/B（分数：3.00）A.$ 1 million.B.$ 1 trillion.C.$ 2 trillion.D.$ 20 million.A.
17、In 1865.B.In 1965.C.In 1968.D.In 1869.A.HSBC has many advantages over its competitors.B.HSBC is a foreign bank.C.HSBC is a London - based banking conglomerate.D.HSBCs global franchise is something ally bank would envy.四、BPassage Two/B(总题数：1，分数：3.00)A.Industrial and Commercial Bank of China.B.Agricul
18、tural Bank.C.Bank of Communications.D.The State Development Bank.A.The scope of business of foreign banks is small.B.The domestic banks have more restrictions.C.The domestic banks are lagging behind in services.D.The domestic banks have fewer restrictions.A.The domestic banks.B.The foreign banks.C.T
19、he personal money management services.D.The different banks.五、BPassage Three(总题数：1，分数：4.00)A.Credit cardB.Electronic moneyC.BankD.CashA.Eighteen percentB.Eighty percentC.Eight percentD.Twenty- eight percentA.95%B.59%C.19%D.15%A.The use of cash has increased substantially since World War .B.The cash
20、in the U.S. will eventually be completely overtaken by checks and credit cards in coming years.C.The cash in tile U.S. will not be completely overtaken.D.The procedure for using electronic money commercially would be different as it is with present- day credit card transactions.六、BPart Two Readin(总题
21、数：10，分数：10.00)1.The result is that companies worldwide have been forced to come to _ with their financial risks.（分数：1.00）A.conditionsB.termsC.normsD.standard2.If exercised, the _ right prevents dilution of ownership control when additional stock is issued.（分数：1.00）A.preferredB.preemptiveC.exemptD.ex
22、clusive3._ allow management, which seldom owns a majority of the shares, to control a majority of the votes and implement its decisions.（分数：1.00）A.ProxiesB.OfficialsC.ControllersD.Officers4.As many have found to their _ , ignoring interest rate, currency or commodity risks car, hurt a company just a
23、s badly as tbe failure of a new product.（分数：1.00）A.feetB.surpriseC.standD.cost5.A second general trend is that firms are _ the power of the computer to provide a sensitivity analysis of positions.（分数：1.00）A.nursingB.buildingC.raisingD.harnessing6.Financial markets have grown more _ since exchange ra
24、tes were freed in 1973.（分数：1.00）A.weakB.liquidC.voidD.volatile7.The stock owner may cast all these _ votes for one director or divide them among several.（分数：1.00）A.commonB.keyC.cumulativeD.calculating8.If rates fall to the _ conversion price, the investor is locked an at that rate for the remaining
25、life of the bond.（分数：1.00）A.requiredB.retainedC.groundD.set9.Forwards are traded over - the - counter and can be _ to suit buyers needs.（分数：1.00）A.specifiedB.fundedC.customizedD.produced10.A _ that bears repeating is that the test of a dealer is not the ability to make profit but the ability to take
26、 losses early rather than hang on mail too late.（分数：1.00）A.teachingB.sayingC.moralD.truism七、BSection Two/B(总题数：5，分数：5.00)A.inB.ofC.fromD.byA.includedB.exercisedC.handledD.circulatedA.homeB.pocketC.handsD.safeA.grantedB.acceptedC.permittedD.allowedA.fillB.meetC.changeD.follow八、BPassage Two/B(总题数：5，分数
27、：5.00)A.happeningB.makingC.taking placeD.continuingA.statementB.storyC.sayingD.definitionA.plusB.addingC.withoutD.exceptA.accountsB.receiptsC.certificateD.depositsA.AtB.InC.ForD.By九、BSection Three(总题数：3，分数：3.00)21.Managing the payments mechanism is costly and time - saving.（分数：1.00）A.A. Right B.B. W
28、rong C.C. Doesnt say22.The introduction of ATMs and the Internet banking based on the IT will take people out of the bank, and reduce the paperwork.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say23.Service charges banks obtain are not enough to cover the bank costs.（分数：1.00）A.A. Right B.B. Wrong C.C.
29、 Doesnt say十、BPassage Two/B(总题数：3，分数：3.00)24.The lease is a flexible device for business use and the lessee does not have to tie up a large amount of funds and does not have to pay tax.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say25.Chattels refer to fixed properties.（分数：1.00）A.A. Right B.B. Wrong
30、C.C. Doesnt say26.The property will be returned to the owner at the end of the lease term.（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.Capital market transactions are either conducted in organized exchanges or individually negotiated between contracting parties.（分
31、数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say28.An initial public offering refers to the first issue of stocks and bends to the public.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say29.Capital market trading can only occur in the secondary market because most investors plan to sell long - term bends b
32、efore they reach maturity and eventually to sell their holdings of stock as well.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say30.Both money market and capital market transactions occur mostly in organized exchanges.（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.The
33、 acceptance credit _.（分数：1.00）A.is also referred to as sight creditB.means that the seller draws a draft on the nominated bank demanding immediate paymentC.means that the seller draws a time draft on the nominated bank demanding future paymentD.calls for term bills payable at any time after acceptan
34、ce by the drawee32.Under an acceptance credit, the bill _.（分数：1.00）A.is a sight billB.can only be drawn on a bankC.can be drawn on the importerD.can be. drawn either on a bank or on the importer33.The issuing bank will guarantee that bills drawn by the beneficiary under a documentary credit will be
35、honored, provided all the other terms of the credit are met. Here “bills will be honored“ means that.（分数：1.00）A.“bills will be accepted but not paid by the issuing bank“B.“bills will be paid but not accepted by the issuing bank“C.“bills will be accepted or paid by the issuing bank“D.“bills will be.
36、accepted or paid by the importer“34.All of the following statements are true except _.（分数：1.00）A.normally the terms of a acceptance credit will include an instruction to the beneficiary to draw bills of exchangeB.a deferred payment credit is not a documentary credit, since there is no need for the e
37、xporter to draw a bill of exchangeC.in practice some banks will negotiate the documents under a deferred payment credit even if they are, not accompanied by any draftD.under an acceptance credit, the seller gets payment from the bank at some determinable future date instead of receiving immediate pa
38、yment on presentation of the documents35.To trade on an acceptance credit basis, the bill is accepted by _.（分数：1.00）A.the buyerB.the sellerC.the buyer or tile bankD.the nominated bank十三、BPassage Two/B(总题数：5，分数：5.00)36.According to the passage, which of the following statements is not true. The form
39、of the guarantee is _.（分数：1.00）A.not important at allB.very importantC.indispensableD.sometimes not important37.Forfaiting is a method of providing non - recourse _.（分数：1.00）A.short - term finance, notably at a variable interest rateB.long- term finance, normally at a variable interest rateC.medium
40、- term finance, normally at a fixed interest rateD.short- and medium- term finance, normally at a fixed interest rate38.The trade credit by way of Forfaiting is provided _.（分数：1.00）A.with bank or other institution as a guarantorB.only with exporters bank as a guarantorC.only with importers bank as a
41、 guarantorD.only with bank as a guarantor39.According to the passage, the method of guarantee can take the following forms except _.（分数：1.00）A.endorsement of the bill of exchangeB.a standby letter of creditC.a separate form of guarantee of the importers liabilities, which usually applies when promis
42、sory notes are signed by the importerD.None of the above is the form of guarantee.40.Which of the following statements is not true?（分数：1.00）A.An aval is used as a form of guarantee whereby the guarantor endorses bills of exchange drawn on the importer.B.As a form of guarantee, an aval is normally us
43、ed when promissory notes are signed by the importer.C.Instead of using an aval, another form of guarantee is often used when promissory notes are signed by the importer.D.If the guarantee is legally binding, the form of the guarantee is not important.十四、BPassage Three(总题数：5，分数：5.00)41.Which of the f
44、ollowing belongs to semi - variable costs?（分数：1.00）A.Direct materials.B.Property tax.C.Plant depreciation.D.Salespersons income containing basic salary and sales bonus.42.Which of the following statements is correct?（分数：1.00）A.Fixed costs do not affect the cost of products.B.Fixed costs remain fixed
45、 with time change.C.Fixed costs do not vary in the total with changes in activity level, at least within a relevant range.D.None of the above.43.Which of the following costs for a car manufacturer is not the variable cost?（分数：1.00）A.tiersB.steelC.paintD.plant depreciation44.Which of the following do
46、es not belong to the category of fixed costs?（分数：1.00）A.Income tax.B.Property tax.C.Rent.D.Plant depreciation.45.For managerial account, variable cost means _.（分数：1.00）A.the cost that changes with timeB.the cost that changes with revenueC.the cost that varies in total proportionately with changes in
47、 activity level, within the relevant rangeD.None of the above.十五、BPassage Four/(总题数：5，分数：5.00)46.Cash flow from investment refers to that generated _.（分数：1.00）A.from expenditures and operating cash sourcesB.only from internal cash flowC.from expenditures and operating cash usesD.from basic expenditu
48、res and internal cash flow47.According to the passage, none of the following statements is correct except _.（分数：1.00）A.increases in receivable represent source of cashB.increases in taxes payable represent use of cashC.increases in accruals represent use of cashD.increases in prepaid items represent
49、 use of cash48.According to the passage, non - cash charge represents _.（分数：1.00）A.reduction in net sales not requiring outlaysB.reduction in income not requiring outlaysC.reduction in assets not requiring outlaysD.reduction in income not requiring cash outlays49.None of the following is a companys operating cash needs except _.（分数：1.00）A.receivableB.taxes paya
