1、现代金融业务(综合)-7 及答案解析(总分：73.93，做题时间：90 分钟)一、BPart One Listen(总题数：2，分数：10.00)BSection One/BDirections: In this section, you will hear ten 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 mar
2、ked A, B, C and D, and decide which is the best answer.（分数：5.00）A.Credit card holders will state if they dont buy anything.B.Credit card holders will receive their statements from the bank every month.C.Credit card holders can charge purchases to their bank accounts.D.Credit card holders have to mak
3、e purchases every month.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 China.D.The foreign banks are forbidden to set up a representative office.A.You can have the check encashed now.B.You will ha
4、ve the money in one or two days.C.You can not have the check encashed.D.You have to wait for the payment till the maturity.A.Interest rate risk is a normal part of banking operations.B.Interest rate risk is a terrible threat to banking operations.C.A banks earnings and capital base is a normal part
5、of banking.D.A banks earnings and capital base can pose a significant threat to banking.A.They usually hold savings accounts.B.They have current accounts.C.They specialize in long-term savings accounts and mortgages.D.They deal in short-term savings accounts.（分数：5.00）A.The majority of smart cards us
6、ers are governments and commercial organizations.B.Many users of smart cards are powerful in governments and commercial organizations.C.The dominant users of smart cards are banks in China by now.D.The dominant users of smart cards used to he banks in China.A.If a remitting bank cannot take proper c
7、are in collection, the exporter will do it himself.B.If a remitting bank cannot fulfill its obligation in collection, the exporter will claim indemnify for it.C.If a remitting bank cannot take proper care in collection, it will lose a customer.D.If a remitting bank cannot fulfill its obligation in c
8、ollection, it will cause loss to the exporter.A.The customer should first notify the drawee bank of the loss of his draft.B.The customer should first notify the drawer bank of the loss of his draft.C.The customer should first notify the remitting bank of the loss of his draft.D.The customer should f
9、irst notify the collecting bank of the loss of his draft.A.The U.S. company has to exchange dollars for pounds to make settlement for the goods imported from U.K.B.The U.S. company must exchange some pounds for dollars before the transaction is made.C.The U.S. company may directly purchase goods in
10、Britain in sterling pounds.D.The U.S. company must exchange dollars for euros first.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 are crucial to a countrys economy.二、BSection Two/B(总题数：2，分数：10.00)Directions: In thi
11、s 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 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.（分数：5.00）A.
12、Thus she can know the most appropriate investment and the best time of investment.B.Thus she can earn a lot of money.C.Thus she can help others.D.Thus she can know about how much money she has.A.Have an account.B.Draw on this branch.C.Cash a check.D.Something personal.A.Time deposit.B.Savings accoun
13、t.C.Current account.D.Instant savings account.A.About long-term relationship between the banker and the client.B.About long-term loans.C.About housing loans.D.About short-term loans.A.Husband and wife.B.Teacher and student.C.Banker and his customer.D.Employer and employee.（分数：5.00）A.The performance
14、of a company.B.The financial statements.C.The detailed information.D.An extensive annual report.A.Credit card.B.Passport.C.Travelers cheques.D.card.A.The drawee bank will refuse to pay the draft.B.The drawee bank will issue another draft to the customer.C.The drawee bank will investigate into the ca
15、se first.D.The drawee bank will pay the draft immediately.A.It is to transfer the contract from bank to customer.B.It is to transfer the payment obligation from buyer to seller through banks.C.It is to transfer the confirmation from the issuing bank to confirming bank.D.It is to transfer the documen
16、ts from advising bank to issuing bank.A.They are convenient.B.They are advanced in technology.C.They are cumbersome.D.They are computerized.三、BSection Three(总题数：3，分数：10.00)Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The p
17、assages and 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 through the center.BPassage One/B（分数：3.00）A.The same system as in the w
18、estern countries.B.A mono-banking system.C.A modern banking system.D.A commercial banking system.A.More than twenty years.B.Nearly ten years.C.Nearly forty years.D.Nearly thirty years.A.Profitability.B.Non-performing and bad loans.C.Capital adequacy requirements.D.All above.BPassage Two/B（分数：4.00）A.
19、Three items.B.$10.8.C.A blue one.D.U.S. Dollars.A.Measures.B.Rulers.C.Money.D.A medium of exchange.A.The income we get and the wealth we have in our homes.B.Our net revenue we receive.C.Investments and life insurance.D.Pension funds, stocks and bonds.A.The Investments in financial assets.B.The accum
20、ulation of past savings of income.C.The money we hold in cash.D.The net revenue in the transaction.BPassage Three/B（分数：3.00）A.the NasdaqB.the NYSEC.the OTCD.the AMEXA.At each trading post.B.At the brokerage firm.C.Via telephone.D.Outside the trading floor.A.By the negotiation among the sellers, buye
21、rs and the exchange.B.By using an auction process.C.By the exchange.D.By the negotiation among the sellers and the buyers.四、BPart Two Readin(总题数：3，分数：15.00)BSection One/BDirections: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For eac
22、h of them, there are four choices marked A, B, C and D.Passage 1Larger banks in large cities often specialize in particular ancillary services in addition to the bank deposit services they supply. They may have foreign branches in order to provide banking services in particular foreign countries. La
23、rge banks may sell consumer credit card services; that is, they allow individual banks to join their credit card network. They may be brokers in the federal funds markets, a market for short-term loans in which commercial banks participate. Banks may specialize in handling trust agreements. Large ba
24、nks often provide many of these services for their depositors as well as selling these ancillary services to other banks. This provision of services to other banks is called correspondent banking.The degree of competition in the market for banking services may be related to the number of depository
25、intermediaries in a particular locality. If there is one commercial bank and no thrifts in a small town in a remote area, most of the residents may deposit their funds in the local bank. If there are no financial intermediaries offering similar services, such as business loans, the local bank suppli
26、es most of these loans. In most areas, other financial intermediaries and nearby banks compete for loan business. Larger loans made to larger local businesses may not be supplied solely by banks in the local area. Unlike the cost of transporting physical property, the cost of transporting money by c
27、heck is negligible. The capital market, the market for borrowing funds, cannot easily be subdivided by geographical areas. This consideration makes the measurement of competition for large-loan business in a given geographical area a difficult problem.However, in some states one or several bank hold
28、ing companies own a significant number of banks in the state. This subject is discussed subsequently.（分数：5.00）(1).What are large banks in large cities engaged in besides supplying bank deposit services?（分数：1.00）A.They are engaged in international trade.B.They do some particular business with foreign
29、ers.C.They provide some specific ancillary services.D.They establish correspondent banks in small cities.(2).What do large banks allow individual banks to do?（分数：1.00）A.To sell credit cards to consumers.B.To join their credit card network.C.To provide other banking services.D.To specialize in federa
30、l funds.(3).What is called correspondent banking?（分数：1.00）A.The bank which provides additional banking services.B.The provision of banking services to other banks.C.The particular ancillary services provided to foreign countries.D.The bank issuing credit cards.(4).Who may supply business loans in a
31、remote area if there is no financial intermediaries offering such services?（分数：1.00）A.The local bank in the area.B.Business companies.C.Brokers in the Federal Funds.D.Correspondent banks.(5).What will happen if there is one commercial bank and no thrifts in a small town?（分数：1.00）A.The residents will
32、 deposit their money with the bank.B.The local bank will provide business loans to the commercial bank.C.Some large banks will transport money by check to the bank.D.People in the area will not deposit money with the bank.Passage 2Liabilities are obligations a company owes to outside parties. They r
33、epresent rights of others to money or services of the company. Examples include bank loans, debts to suppliers and debts to employees. On the balance sheet, liabilities are generally broken down into current liabilities and long-term liabilities.Current liabilities are those obligations that are usu
34、ally paid within the year, such as accounts payable, interest on long-term debts, taxes payable, and dividends payable. Because current liabilities are usually paid with current assets, as an investor it is important to examine the degree to which current assets exceed current liabilities.The most p
35、ervasive item in the current liability section of the balance sheet is accounts payable. Accounts payable are debts owed to suppliers for the purchase of goods and services on an open account. Almost all firms buy some or all of their goods on account. Therefore, you will often see accounts payable
36、on most balance sheets.Long-term debt is a liability of a period greater than one year. It usually refers to loans a company takes out. These debts are often paid in installments. If this is the case, the portion to be paid off in the current year is considered a current liability.That wraps up our
37、short review of liabilities. You only have one piece of the balance sheet left to learn shareholders equity. Remember that assets minus liabilities equals shareholders equity.Shareholders equity is the value of a business to its owners after all of its obligations have been met. This net worth belon
38、gs to the owners. Shareholders equity generally reflects the amount of capital the owners invested plus any profits that the company generates that are subsequently reinvested in the company. This reinvested income is called retained earnings.（分数：5.00）(1).Current liabilities may include the followin
39、g items _.（分数：1.00）A.taxes payableB.dividends payableC.accounts payableD.all of the above(2).Which of the following statements is true? Accounts payable are _.（分数：1.00）A.debts owed to suppliersB.related to purchases of goods on an open accountC.current liabilitiesD.all of the above(3).The phrase “on
40、 an open account“ in the third paragraph probably means “_“.（分数：1.00）A.free of chargeB.on a credit basisC.on a cash basisD.on a bargain basis(4).The following statements concerning long-term debt are true except that _.（分数：1.00）A.long-term debt is a liability of a period longer than one yearB.long-t
41、erm debts are paid in installmentsC.despite of different payment plans, long-term debts are never classified as current liabilitiesD.the loan borrowed by the company is a typical example of long-term debt(5).The phrase “retained earnings“ in the last paragraph probably refers to “_“.（分数：1.00）A.the n
42、et worth belonging to the creditors and ownersB.part of the profits reinvested in the companyC.the amount of money the owners investedD.the amount of money owed to the employeesPassage 3Date: 26 Jan. 1993From: the Kwangtung provincial bank, H. K.Corporate division-treasuryForeign exchange market:Dol
43、lar continued its weakness and dropped almost two pfennigs against mark on Monday dealing.Traders sentiment was changing greatly. At the beginning of this year, dollar rallied due to positive sentiment that the economy would recover in the expected fashion and German interest rate would ease soon. H
44、owever, the hopes were dashed after a series worse-than-expected data were released and reluctance to cut rate by German Bundesbank. It seemed that the present us-German interest rate differential would be unlikely to narrow. On Monday trading, technical factor drove dollar further lower and it was
45、quoted as low as 1.57 marks.Some dealers were quite bearish towards dollar, expecting it to ease further to 1.55 even 1.53 level in near future. Dollar also performed weak against Japanese yen. Dealers claimed that the talk of Japanese interest rate cut had been discounted, adding almost no pressure
46、 on the Japanese yen. Meanwhile, market was turning focuse on trade balance. Due to huge surplus, dealers believed that the yen should be stronger. During intraday dealing, the dollar was once quoted as low as 122. 75 yen.（分数：4.95）(1).What is the main reason for dollars weakness?（分数：0.33）A.A series
47、worse-than-expected data were released.B.German Bundesbank was reluctant to cut rate.C.Technical factors.D.All of the above.(2).Why did the dollar rally at the beginning of the year?（分数：0.33）A.It was the beginning of the year.B.Traders sentiment was changing greatly.C.People thought that the US econ
48、omy would recover and German interest rate would ease soon.D.The present US-German interest rate differential would be unlikely to narrow.(3).What was the price of US dollar against mark on Monday?（分数：0.33）A.1.53 marks.B.1.57 marks.C.1.55 marks.D.122.75 yen.(4).“Some dealers were quite bearish towar
49、ds dollar.“ What does “bearish“ mean in this sentence ?（分数：0.33）A.Looking like a bear.B.Taking an attitude of a bear.C.Thinking the price would drop.D.Making sth. as a bear.(5).What made dealers believe that the yen should be stronger?（分数：0.33）A.The dollars weakness.B.The huge surplus in trade balance.C.Japanese interest rate cut.D.The market focus turning on it._
