1、现代金融业务(综合)-8 及答案解析(总分：89.95，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. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.（分数：5.00）A.Lending covenants now are often made at compound interest.B.Lending transactions now are often made at compound interest.C.Lending decisions
3、 now are often made at compound interest.D.Lending proposals now are often made at compound interest.A.Assuming inappropriately large financial risk can cause investors to lose sleep.B.Financial risk will not cause investors to lose sleep.C.Seeking to maximize profits appropriately can cause investo
4、rs to lose sleep.D.No matter how much they earn, the investors will lose sleep.A.We are the credit card holders.B.We are the bank who can encash the card.C.We are the credit card company.D.We stopped your card losing.A.A bank or insurance company issues an advance payment bond.B.A bank or insurance
5、company issues a tender bond.C.A bank or insurance company issues a maintenance bond.D.A bank or insurance company issues a performance bond.A.There is a higher rate of interest on deposit account.B.There is a higher rate of interest on savings account.C.The rate of interest on deposit accounts is a
6、lways much higher than that on savings accounts.D.The rate of interest on deposit accounts is usually much lower than that on savings accounts.（分数：5.00）A.The financial reporting is to provide information for the investors and lenders only.B.The main aim of financial reporting is to offer information
7、 useful for decision-making.C.Investment and lending decisions can be made from the financial reporting.D.Investment and lending decisions can not be made from the financial reporting.A.The banks foreign exchange department has to record the positions in the various currencies.B.The hanks foreign ex
8、change department has to record the positions in the various currencies.C.The banks foreign branches department has to record the various foreign currency liabilities.D.The banks foreign branches department has to record the positions in the various currencies.A.The tax return is not shown in the in
9、come.B.The income is not accurate in taxation.C.The tax should be returned according to the income.D.The tax return is not in accordance with the income that should be taxed.A.From an early date the banker have charged a commission for their services.B.From an early date the banker has an obligation
10、 to serve the customers.C.From an early date the customers have charged a commission.D.From an early date the customer has an obligation to serve the banker.A.Banks may guarantee the buyer or the seller in documentary collection.B.Banks act as agents without responsibility of guarantee on either sid
11、e.C.Banks offer bank guarantee to both the buyer and the seller in documentary collection.D.Banks are only responsible for the buyer in documentary collection.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 questi
12、on 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. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.（分数：5.00
13、）A.Stipulating the rate of interest.B.Stipulating the repayment date.C.Stipulating the amount and timing of any periodic cash interest payments.D.Stipulating the financial sponsor.A.At the exchange desk.B.On the board.C.On the desk.D.On the notebook.A.He will provide investment service.B.He will hel
14、p the customers.C.He will join the commercial bank.D.He will purchase or sell securities.A.Adequate liquidity.B.Insufficient liquidity.C.Increasing liabilities.D.Converting assets.A.The banks will disapprove them.B.The banks will approve them.C.The Bank will benefit from the loans.D.The bank will ma
15、ke profit from lending.（分数：5.00）A.The woman cant get cash before the proceeds are collected.B.There is something wrong with the proceeds.C.The woman will be paid directly by the paying bank.D.The personal cheque cant be encashed over the counter.A.Before any ordinary dividends are declared.B.After a
16、ny ordinary dividends are declared.C.Before any ordinary dividends are paid.D.After any ordinary dividends are paid.A.The receipt of the goods given by the ship master.B.The evidence of the terms of the contract of carriage.C.The evidence of the shipment of goods.D.The evidence that the holder of it
17、 has the property in the goods.A.Smart Card.B.Master Card.C.Visa Card.D.American Express.A.On his card.B.On the goods.C.On a sales slip.D.On the invoice.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 que
18、stions. The passages 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.almost the sam
19、e oneB.rather differentC.a little differentD.doesnt mentionA.The issuing bank will charge a fee for giving a standby credit letter.B.The issuing bank will charge no fees for giving a standby credit letter.C.The issuing bank will amend the standby credit letter if appropriate.D.The issuing bank will
20、revoke the standby credit letter if appropriate.A.The service fee is about 1 percent of the amount of credit involved.B.Its almost impossible for the issuer to honor the payment after analyzing the financial condition of the customer.C.The issuing banks must carry reserve requirements for the guaran
21、tee.D.The issuer of the credit guarantee will never be called upon to make payment.BPassage Two/B（分数：3.00）A.The money markets.B.The banks.C.The international trade.D.The buying of goods in the markets.A.13 daysB.30 daysC.33 daysD.23 daysA.He can send the draft to the correspondent bank for immediate
22、 payment.B.He can present it to the bank against which it is drawn for payment.C.He can ask the buyer to pay the money.D.He can discount the draft at his bank and get money immediately.BPassage Three/B（分数：4.00）A.bill of ladingB.documentary letterC.letter of creditD.insurance documentA.Dollar against
23、 PoundB.document against paymentC.delivery after paymentD.dollar in paymentA.By paying or accepting the bill of exchange.B.By paying in cash.C.By opening a letter of credit.D.By showing the bill of lading.A.the exporterB.the importerC.the exporters bankD.the importers bank四、BPart Two Readin(总题数：3，分数
24、：15.00)BSection One/BDirections: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. You should make the best choice and mark the corresponding letter on the ANSWER SHEET by draw
25、ing a single line through the center.Passage 1The credit created for international settlement among banks not only provides a sense of security for the traders involved, but also a reliable source of finance for foreign trade where required. The credit created, in general, favors the exporter. In or
26、der to reduce the possible risk, the exporter usually insists on the buyer establishing a credit in his favor before shipment is unloaded.There are generally several types of credits. A “confirmed credit“ guarantees payment to the beneficiary, provided that the credit terms and conditions are met an
27、d the standing of the advising bank in the beneficiarys country is sound. A “revocable credit“ may be cancelled at any time up to the moment the advising bank pays. This type of credit is the least favorable to the exporter. There is a risk that the goods may be shipped, and the credit revoked befor
28、e documents are presented to the advising bank. An “irrevocable credit“ may not be cancelled or even amended without the consent of all the parties involved. This type of credit guarantees that no single party will revoke the contract already signed.With the credit arrangement, the issuing bank agre
29、es to pay the advising bank, and the advising bank pays the exporter according to the terms of the documents which appear to fulfill the conditions of the credit. Banks, however, are not bound by, and therefore, not concerned with the underlying sales contract on which the credit requirements are ba
30、sed. As long as the documents are in good order and there are no apparent problems with the process, the buyer is still responsible for payment to the issuing bank although the goods received may be of inferior quality to those ordered.（分数：5.00）(1).The word “credit“ in the first line of the passage
31、relies to:（分数：1.00）A.loanB.trustC.B/LD.L/C(2).Why does the exporter usually insist on the buyer establishing a credit in his favor before shipment is unloaded?（分数：1.00）A.To collect the proceeds.B.To draw drafts.C.To revoke the contract.D.To reduce the possible risk.(3).According to the passage, whic
32、h of the following statements is correct?（分数：1.00）A.A “revocable credit“ may be cancelled at any time.B.The credits are usually in favor of the exporter.C.An “irrevocable credit“ may not be amended.D.The credits are usually in favor of the importer.(4).Which of the following credit is not mentioned
33、in the passage?（分数：1.00）A.irrevocableB.revocableC.standbyD.confirmed(5).Who is not responsible for payment of L/C?（分数：1.00）A.advising bankB.confirming bankC.buyerD.issuing bankPassage 2Accounting information is expressed primarily in monetary terms. The monetary unit is the prime means of measuring
34、assets. This measure is not surprising given that money is the common denominator in business transactions. In the United States, the monetary unit is the dollar; in Great Britain, the pound sterling; in Japan, the yen. The stable-monetary-unit concept provides an orderly basis for handling account
35、balances to produce the financial statements.Unlike a liter, a foot, and many other measurements, the value of the monetary unit may change over time. Most of us are familiar with inflation. Groceries that cost $50 three years ago may cost $60 today. The value of the dollar changes. In view of the f
36、act that the dollar does not maintain a constant value, how does a business measure the worth of assets and liabilities acquired over a long span of time? The business records all assets and liabilities at cost. Each asset and each liability on the balance sheet is the sum of all the individual doll
37、ar amounts added over time. For example, if a company bought 100 acres of land in 1975 for $60,000 and another 100 acres of land in 1992 for $300,000, the asset of land on the balance sheet carries a $360,000 balance, and the change in the purchasing power of the dollar is ignored. The stable-moneta
38、ry-unit concept is the accountants basis for ignoring the effect of inflation and making no restatements for the changing value of the dollar. Lets look at the short-comings of this concept. Suppose another company paid $ 600,000 for the same 200 acres of land in 1992. Its land would be the same as
39、the preceding companys land, but its balance sheet would show a much higher amount for the land. How do we compare the two companies balance sheets? The comparison based on the stable-monetary-unit concept may not be valid because mixing dollar values at different times is like mixing apples and ora
40、nges.（分数：5.00）(1).What is the stable-monetary-unit concept?（分数：1.00）A.It is the prime means of measuring assets.B.It is the common denominator in business transactions.C.It is an orderly basis for handling account balances to produce the financial statements.D.It is monetary terms in accounting info
41、rmation.(2).By what means does a business measure the worth of assets and liabilities?（分数：1.00）A.The monetary unit.B.Dollar.C.The value of the monetary unit.D.The sum of all the individual amounts added together.(3).What does an asset mean on the balance sheet?（分数：1.00）A.It means all the assets reco
42、rded in a period of time.B.It means the sum of all the individual asset amounts added over time.C.It means the individual dollar amount.D.It means accounting information expressed in special terms.(4).What does the accountant do in recording assets and liabilities according to the stable-monetary-un
43、it concept?（分数：1.00）A.He simply adds all the amounts together.B.He puts the assets and liabilities on the balance sheet objectively.C.He makes restatement if the value of money depreciates.D.He records the assets and liabilities on the balance sheet ignoring the change in purchasing power value of t
44、he currency.(5).What is the short-coming of the concept?（分数：1.00）A.The accountant has to restate the assets and liabilities on the balance sheet.B.It is difficult to compare the balance sheets of different companies.C.The balance sheet can not reflect the precise worth of the assets and liabilities.
45、D.Another company will not decide whether to buy the piece of land.Passage 3A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of exporter. It is a guarantee to the buyer that the exporter will fulfill his contractual obligations. If these obligations are not fulfille
46、d, the guarantor undertakes to pay a sum of money to the buyer in compensation. This sum of money can be anything from 1% to 100% of the contract value.If the bond is issued by a bank, then the exporter is asked to sign a counter indemnity which authorizes the bank to debit his account with any mone
47、y paid out under the bond.Bonds are usually serried in connection with overseas contracts, or with the supply of capital goods and services. When there is a buyers market, the provision of a bond can be made an essential condition for the granting of the contract. Middle Eastern countries commonly r
48、equire bonds, but nowadays many other countries also require them. Most international aid agencies, such as the World Bank or the European Development Fund, and most government purchasing organizations in the developing world, now require bonds from sellers.（分数：4.95）(1).Before a bank issues a bond f
49、or the exporter, the issuer and the applicant should have some kind of agreement in _ form.（分数：0.33）A.verbalB.written.C.bondD.L/C(2).When the supply for a certain service is less than the demand on the market, the requirement by the importer to get a bond is much _.（分数：0.33）A.easierB.more difficultC.more happierD.the same(3).Under the bond terms in international business, if the exporter fails to fulfill its obligations, the compensation should be paid by _.（分数：0.33）A.the importers bankB.the exporters
