初级银行综合类-(听力部分暂无答案)1及答案解析.doc

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1、初级银行综合类-(听力部分暂无答案)1 及答案解析(总分：100.00，做题时间：90 分钟)一、听力题(总题数：2，分数：10.00)(1).A. Exchange currency.B. Change some pound bills.C. Change some US Dollar bills.D. Change some pounds bill.（分数：1.00）_(2).A. In America. B. At Position No. 5.C. At Position No. 4. D. In Africa.（分数：1.00）_(3).A. At Position No. 1. B

2、. At Position No. 4.C. At the counter. D. At Position No. 5.（分数：1.00）_(4).A. To change 50 pounds.B. To change pounds into American dollars.C. To exchange US dollars.D. To change 15 pounds.（分数：1.00）_(5).A. Green colour backs. B. Thirty-five dollars.C. American dollar notes. D. RMB Yuan.（分数：1.00）_(1).

3、A. Because it costs less to send travellers cheques by insured post than send cash.B. Because the rate for cash is better than that for travellers cheques.C. Because it costs more to send travellers cheques by insured post.D. Because it costs more to send travellers cheques by insured post than send

4、 cash.（分数：1.00）_(2).A. 100 pounds. B. 100 dollars.C. 100 marks. D. 100 pound.（分数：1.00）_(3).A. In dollars.B. In sterling.C. Partly in dollars and partly in sterling.D. In pounds.（分数：1.00）_(4).A. 20 000 dollars. B. 20 000 pounds.C. 30 000 dollars. D. 30 000 pounds sterling.（分数：1.00）_(5).A. He must cha

5、nge dollars into pounds.B. He must have his account in Westminster Bank.C. He must get a license.D. He must remit dollars.（分数：1.00）_二、单项选择(总题数：10，分数：10.00)1.Which of the following is not true of forfaiting? _.A. Forfaiting is a form of trade finance with recourseB. Forfaiting is the act of purchasin

6、g an exporters receivables (the amount the importer owes the exporter) at a discount by paying cashC. The forfeiter takes over the buyer riskD. The purchase is usually guaranteed by a bank in the buyers country（分数：1.00）A.B.C.D.2.Market risk refers to the risk of _.A. default B. financial prices fluc

7、tuationC. fraud D. deferred payment（分数：1.00）A.B.C.D.3.Which of the following is true of a mortgage? _.A. The mortgagee retains possession of the mortgaged propertyB. The mortgagor retains possession of the mortgaged propertyC. The lender acquires the right to retain the mortgaged property until the

8、mortgage debt is repaidD. None of the above（分数：1.00）A.B.C.D.4.Which of the following is usually least important as a measure of short - term liquidity? _.A. Quick ratio B. Current ratioC. Debt ratio D. Cash flows from operating activities（分数：1.00）A.B.C.D.5.Which of the following statements is true?

9、_.A. To decrease a receivable, debit the accountB. To decrease revenue, debit the accountC. To increase owners equity, debit the accountD. To increase an expense account, credit the account（分数：1.00）A.B.C.D.6.Investment banks are _.A. banks that specialize in the management of wealthy peoples investm

10、entsB. financial institutions that make loans to corporationsC. dealers in primary marketsD. none of the above（分数：1.00）A.B.C.D.7.What is the name of the document which can make a buyer feel confident that goods are of a certain standard? _.A. Certificate of origin B. Commercial invoiceC. Insurance p

11、olicy D. Inspection certificate（分数：1.00）A.B.C.D.8.In documentary collection, the exporters present the documents to _ after goods have been shipped.A. the remitting bank B. the collecting bankC. the reimbursing bank D. the opening bank（分数：1.00）A.B.C.D.9.John writes a check on his ABC Bank account to

12、 pay for goods at Peter. Who is the drawee?A. John B. ABC Bank C. Peter D. Both A and C（分数：1.00）A.B.C.D.10.From a Chinese banks point of view, the currency account which it maintains abroad is known as _, while a RMB account operated in China for a foreign bank is termedA. a vostro account.a nostro

13、accountB. a nostro account.a vostro accountC. a mirror account.a nostro accountD. a vostro account.a mirror account（分数：1.00）A.B.C.D.三、完型填空(总题数：1，分数：20.00)trade, above, expiration, respond, strike, profitable, seller, how, most, financialIn general, an option gives to the buyer the right, but not the

14、 obligation, to buy or sell a good, whereas the option seller must (21) accordingly. Many different types of option contracts exist in the (22) world. The two major types of contracts (23) on organized options exchanges are calls and puts.A call gives to the buyer of the option contract the right to

15、 buy a specified number of units of an underlying asset, at a specified price called the exercise or (24) price, on or before a specified date called the expiration date or strike date. A put gives its the buyer the right to sell a specified number of units of an underlying asset at a specified pric

16、e on or before a specified date. In all cases the (25) of the option contract, the writer, is subordinate to the decision of the buyer, and the buyer exercises the option only if it is (26) to him or her. The buyer of a call benefits if the price of the asset is (27) the exercise price at expiration

17、. The buyer of a put benefits if the asset price is below the exercise price at expiration.The complete definition of an option must clearly specify (28) the option can be exercised. A European - type option can only be exercised on a specified date, usually the (29) date. An American -type option c

18、an only be exercised by the buyer at any time until the expiration date. American options are used on (30) of the organized options exchanges in the world. Both types of options can be freely traded at any time until expiration.（分数：20.00）填空项 1:_填空项 1:_填空项 1:_填空项 1:_填空项 1:_填空项 1:_填空项 1:_填空项 1:_填空项 1:

19、_填空项 1:_四、阅读理解(总题数：2，分数：20.00)The importer will require a full set of bills of lading in order to obtain the goods from overseas port. The bills of lading can only be obtained by payment of the bill of exchange (D/P), or by acceptance (D/A). Therefore, the importer cannot obtain the goods without pa

20、ying or accepting the bill of exchange, and conversely an exporter retains control of the goods until payment or acceptance of bill of exchange. When goods are sent by air, the airway bill could show the importers bank as consignee. Once again the importer must pay or accept a bill of exchange to be

21、 able to obtain the goods. Once the importer has paid or accepted the bill of exchange, the importers bank will issue a delivery order. The delivery order is an authority, signed on behalf of the bank, authorizing the airport to release the goods to the named importer. An exporter should obtain the

22、prior agreement of the importers bank before he consigns goods to that bank. In practice, the importers bank will not agree to be named as consignee, unless its own customer is of major importance.When D/P terms are used, it is unnecessary to include a bill of exchange, since the over- seas bank can

23、 release documents on payment of the invoice amount. However, sight drafts are usually included.（分数：10.00）(1).The meaning of D/P is _.A. Dollar against Pound B. document against paymentC. delivery after payment D. Dollar in payment（分数：2.00）A.B.C.D.(2).The importer can obtain the goods only by _.A. p

24、aying or accepting the bill of exchange B. paying in cashC. opening a letter of credit D. showing the bill of exchange（分数：2.00）A.B.C.D.(3).When goods are sent by air, _ can issue a delivery order to release the goods.A. the exporter B. the exporters bank C. the importer D. the importers bank（分数：2.00

25、）A.B.C.D.(4).The importers bank will not agree to be named as consignee unless _.A. its own customer is of major importanceB. the exporter will not obtain the prior agreement from itC. the exporters customer is not of major importanceD. it worries about the importers potential default（分数：2.00）A.B.C.

26、D.(5)._ are the most important documents in international settlement.A. Commercial invoice, bill of lading and insurance documentsB. Commercial invoice, insurance documents and airway billsC. Bill of lading, airway bills and a bill of exchangeD. Sight drafts, delivery order and bill of lading（分数：2.0

27、0）A.B.C.D.A firms cash flows can be divided into cash flow from: (1) operating activities (2) investment activities, and (3) financing activities. The operation activity cash flows are cash flows-inflows and outflows-directly related to origination and sale of the financial firms assets and to opera

28、ting costs such as general market activities, security trading activities, interest received and foreclosed collateral. Investment activity cash flows are cash flows and financial investments. Clearly, purchase transactions would result in cash outflows whereas sales transaction would generate cash

29、inflows. The financing activity cash flows result from debt and equity financing transactions. Borrowing and repaying either short - term debt or long - term debt would result in a corresponding cash inflow or outflow. Similarly, the sale of common or preferred stock would result in a cash inflow wh

30、ereas the repurchase of stock or payment of cash dividends would result in a financing outflow. Summarizing the firms operating, investment, and financing activity cash flows during a given period helps to account for changes in the firms cash position from the beginning to the end of the period cho

31、sen.Managing cash is a very important activity for financial intermediaries. The cash flow statement provides the basics structure of all sources and uses of cash.（分数：10.00）(1).The statement of cash flow helps to explain the change in _.A. net profit after taxesB. retained earning s of a given perio

32、dC. the firms cash position of given periodD. financial position of the firm（分数：2.00）A.B.C.D.(2).Cash flows from debt and equity financing transactions are said to be a kind of _.A. security trading activity B. operating activityC. investment activity D. financing activity（分数：2.00）A.B.C.D.(3).Which

33、of the following does not cause cash inflow?A. Origination of the financial firms assets.B. Sale of both operation fixed assets and financial investments.C. Repurchase of stock.D. Borrowing of long - term or short - term debt.（分数：2.00）A.B.C.D.(4).The cash flow statement provides the basic structure

34、of all _.A. assets and liabilities B. sources and uses of cashC. items of interest income D. dividends paid（分数：2.00）A.B.C.D.(5).The statement of cash flow helps a firm to manage its _.A. assets B. assets and liabilitiesC. capital structure D. liquidity position（分数：2.00）A.B.C.D.五、英释汉(总题数：2，分数：6.00)11

35、.Securities regulators, at both the domestic and international levels, shall be guided by a constant concern for investor protection.（分数：3.00）_12.The New Basle Capital Accord is more extensive and complex than the 1988 Basle Accord, which is a natural reflection of the advancement and innovations in

36、 the financial marketplace and the need for a more risk -sensitive framework.（分数：3.00）_六、判断正误(总题数：2，分数：14.00)A credit card is a plastic card (or its equivalent) to be used upon presentation by the cardholder to obtain money, goods, or services, possibly under a line of credit established by the card

37、 issuer. The cardholder is billed for any outstanding balance.Credit card customers are given a credit limit on the credit card account and can buy goods and services up to this amount. Normally, banks will set different credit lines to the different groups of cardholders. Every time cardholder uses

38、 a credit card for purchasing, he/she must sign a sales slip in the presence of the seller, and the signature is then compared to the signature on the card. Copies of the sales slips have the details of the card and they also show the details and amount of the sale.Each month the cardholder receives

39、 a statement from the bank which details all the trans- actions in the month, together with the total amount outstanding and any minimum amount that needs to be paid. When the full balance is not settled each month, the cardholder is charged a compound interest ( say 0. 05% ) on the outstanding bala

40、nce , and this is supposed to provide the bank with a main source of income ( although in China , this revenue is still low because people are reluctant to run into debt) . Other two major sources of credit card services are the annual fee from the cardholders and the percentage of the sales revenue

41、 as the commission paid by the seller.（分数：8.00）(1).A credit card is a plastic card and the like to be used to obtain money, goods, or services and an overdraft is not allowed.A. Right B. Wrong C. Doesnt say（分数：2.00）A.B.C.(2).Normally, banks will set different credit limits on different customers cre

42、dit card accounts.A. Right B. Wrong C. Doesnt say（分数：2.00）A.B.C.(3).Each month the credit cardholder will receive a statement from the bank showing the de- tails of the transactions excluding the total amount outstanding.A. Right B. Wrong C. Doesnt say（分数：2.00）A.B.C.(4).If the balance of the credit

43、card is not fully settled, the cardholder will have to pay a com- pound interest on the outstanding amount.A. Right B. Wrong C. Doesnt say（分数：2.00）A.B.C.Open account is an arrangement between the seller whereby the goods are manufactured and delivered before payment is required. Open account provide

44、s for payment at some stated specific future date and without the buyer issuing any negotiable instrument evidencing his legal commitment. The seller must have absolute trust that he will be paid at the agreed date. The seller should recognize that in certain instances it is possible to discount ope

45、n accounts receivable with a financial institution.（分数：6.00）(1).Through open account, the seller will manufacture goods before payment is required.A. Right B. Wrong C. Doesnt say（分数：2.00）A.B.C.(2).he buyer has to prove his promise in an open account.A. Right B. Wrong C. Doesnt say（分数：2.00）A.B.C.(3).The seller in an open account must know that in some circumstances he can present open account receivable to a law institution for acceptance.