初级银行综合类-(听力部分暂无答案)5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)5 及答案解析(总分：100.00，做题时间：90 分钟)一、听力题(总题数：0，分数：0.00)二、Part One(总题数：1，分数：5.00)(1).A. the budgetB. the salesC. the estimationD. the prospect of the company（分数：1.00）_(2).A. Options get rid of any risk.B. Options make price increasing possible.C. Options can realize maximum profits and mi

2、nimum loss.D. Options can stop price decreasing.（分数：1.00）_(3).A. 86-81 B. 68-18 C. 18-68 D. 86-18（分数：1.00）_(4).A. to buy a land and build a new plantB. to lease a facilityC. to buy a new plantD. to give up（分数：1.00）_(5).A. I hope we have enough coverings.B. I hope we have covered the lorries well.C.

3、I hope we have adequate damage compensations from insurers.D. I hope we are warm and healthy.（分数：1.00）_三、Part Two(总题数：0，分数：0.00)四、Passage one(总题数：1，分数：3.00)(1).A. Cash should not abandoned. B. Cash is as good as credit card.C. It is good to give up using cash. D. Cash is electronic record.（分数：1.00）_

4、(2).A. lower B. higher C. the same D. unpredictable（分数：1.00）_(3).A. impossible B. conditional C. possible D. unconditional（分数：1.00）_五、Passage Two(总题数：1，分数：2.00)(1).A. a national electronic-money system B. a bank-card systemC. lowered income - tax rates D. fund - transfer technology（分数：1.00）_(2).A. A

5、TM B. debit card C. withdrawal D. clearing house（分数：1.00）_六、单项选择(总题数：10，分数：10.00)1.You customer asks your bank to handle a colleetion outwards on his behalf. Your bank are _.A. the reimbursing bank B. the negotiating bankC. the remitting bank D. the collecting bank（分数：1.00）A.B.C.D.2.A cheque crossed

6、“ account payee“ _.A. can only be accepted for the account of the named payeeB. can be accepted for the credit of an account other than that of the named payee provided the collecting bank makes enquiriesC. prevents negotiation of the cheque and, therefore, has the same effect as a “notnegotiable“ c

7、rossingD. is an example of a special crossing（分数：1.00）A.B.C.D.3.The following are the basic functions of a bill of lading except to act as _.A. a receipt for the goods from the shipping company to the exporterB. a certificate of origin, which certifies that the goods were produced in a particular co

8、untryC. a document of title to goods being shipped overseasD. a quasi negotiable document（分数：1.00）A.B.C.D.4.In extending loans, one of the principles that a commercial bank persists in is _.A. free from interference of local governmentB. against collateralC. based on sole responsibility to its profi

9、ts and lossesD. in pursuance of the law of the Peoples Bank of China（分数：1.00）A.B.C.D.5.A cheque payable to ABC Company is credited to the personal account of Mr. Gao. The bank _.A. is correct in crediting the accountB. is merely doing what is requested by its customerC. has committed an act of negli

10、genceD. will make a claim on its principal（分数：1.00）A.B.C.D.6.Customers trading abroad in foreign currencies may protect against the exchange risk by arranging _.A. a contract of international sale of goodsB. a contract of marine insuranceC. a forward contract to fix the exchange rate in advanceD. co

11、ntract for the delivery of goods by installment（分数：1.00）A.B.C.D.7.A company that has the use of a vehicle upon payment of a sum of money on a regular basis over a long period of time is using the finance service of _.A. factoring B. hire purchaseC. leasing D. installment credit（分数：1.00）A.B.C.D.8.A r

12、ise in interest rate will cause _.A. an increase in borrowing and a slowing - down of credit creationB. a decrease in borrowing and an increase in credit creationC. an increase in borrowing and an increase in credit creationD. a decrease in borrowing and a decrease in credit creation（分数：1.00）A.B.C.D

13、.9.There are three ways in which a banker may take security for an advance:(1) lien (2) by pledge (3) by mortgage (4) by indemnityA. (1), (2), (3) B. (1), (2), (4)C. (2), (3), (4) D. (1), (3), (4)（分数：1.00）A.B.C.D.10.International payments and other messages are often sent through an international co

14、mputer network called _.A. CHAPS B. SWIFT C. CHIPS D. CHATS（分数：1.00）A.B.C.D.七、完型填空(总题数：1，分数：20.00)accept , discount, against, dishonoured, attached , hypothecation, credit, draw, ownership, amountWhen a Letter of Credit has been confirmed, the agent bank in the sellers country usually asks for the s

15、hipping documents, and often corite to the seller to say that they are willing to (21) a draft on them for the (22) . This draft (another name for Bill of Exchange) is often (23) to the shipping documents and is called a Documentary Bill of Exchange. Banks often state that the seller can (24) on the

16、m for the amount of the Credit.A buyer or his bank may ask the seller if he is willing to allow them a period of 30, 60, or 90 days to pay. They may write. “can you present your drafts for 60 d/s?“ this is a form of (25) and allows the buyer time to pay. The agent bank will normally accept a draft (

17、26) documents, because they need them to make sure that the title to (27) has been transferred.Some times the bank demands a letter of (28) so that they have the right to sell the goods if the Bill of Exchange is (29) , that is, if the buyer or his bank do not pay. This does not apply to irrevocable

18、 documentary credit.However, the bank can (30) the Bill of Exchange by deducting the interest for the period the draft has to go before maturity.（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:_填空项 1:_八、阅读理解(总题数：2，分数：20.00)A note receivable is a negotiable instrument, which m

19、eans it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly, payees sometimes sell a note receivable to another party before the note matures. The payee endorses the note and hands it over to the note purchaser-often a bank-who collects the ma

20、turity value of the note at the maturity date.Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some o

21、f this interest is the price the payee is willing to pay for the convenience of receiving cash early.Assume that the maturity date of the Dorman note is January 18, 1995 and that General Electric discounts the Dorman note at First City National Bank on December 9, 1994. The discount period-which is

22、the number of days from the date of discounting to the date of maturity (this is the period the bank will hold the note) - is 40 days; 22 days in December, and 18 days in January. Assume the bank applies a 12 percent annual interest rate in computing the discount value of the note. The bank will wan

23、t to use a discount rate that is higher than the interest rate on the note in order to increase its earnings. GE may be willing to accept this higher rate in order to get cash quickly. The discounted value, called the proceeds, is the amount that GE receives from the bank. The proceeds are computed

24、as follows:General Electrics entry to record discounting the note is:Dec. 9, 1994cash $ 15 170Note receivable Dorman Builders $ 15 000Interest Revenue $ 170TO RECORD DISCOUNTING NOTE RECEIVABLEAt maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue.Observe tw

25、o points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discounting period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December

26、 9, 1994).（分数：10.00）(1).What is a note receivable?A. It is a note received by a payer.B. It is paper currency paid for documents as well as notes.C. It is a negotiable instrument which may be used to transfer funds from one person to another.D. It is a negotiable instrument which may be transferable

27、 from one person to another.（分数：2.00）A.B.C.D.(2).What does a payee have to do when he discounts a note receivable with a bank?A. He has to collect the maturity value of the note on the discounting date.B. He has to endorse the note.C. He has to sell it to the note purchaser.D. He has to get cash qui

28、ckly.（分数：2.00）A.B.C.D.(3).What is called discounting a note receivable?A. Purchasing a note receivable.B. Receiving less money than the principal amount of the note.C. Selling a note receivable before maturity.D. Giving up some of tile interest revenue of the note.（分数：2.00）A.B.C.D.(4).How is discoun

29、ting period calculated?A. From December 9, 1994 to January 18, 1995.B. The discounting period begins with the date of making the note and end with date of selling it to the note purchaser.C. The number of the days is calculated from the date of discounting to the date of maturity.D. The days of disc

30、ounting period involve the discounting date and the maturity date.（分数：2.00）A.B.C.D.(5).How much interest revenue does General Electric receive in discounting the note receivable?A. 15 000 B. 15 170 C. 15 357 D. 170（分数：2.00）A.B.C.D.What determines the rate of exchange between currencies will be exami

31、ned later in this booklet, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the fo

32、reign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence in part the term “exchange rate“, which was maintained even though other methods of payment have largely superseded the bill of exchange. The British impo

33、rter will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a bankers draft drawn in dollars. The bank is able to do this because it will have an account with another bank (called a corresponden

34、t bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier.Since there is a danger that the draft may be lost or fall into the wrong hands the safer and more normal method would be for the

35、British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the US to pay on behalf of its customer the required sum to the named recipient from the British banks dollar account. This mail transfer system is very flexible since the instructions

36、 for payment can be varied or elaborated to suit practically every kind of requirement.（分数：10.00）(1).How many methods of settlement are mentioned in this passage when the British importer needs dollar to pay his Americans supplier?A. Two. B. Three. C. One. D. Several.（分数：2.00）A.B.C.D.(2).Why is the

37、British bank able to offer its customer a bankers draft drawn in dollar?A. Its US correspondent bank prefers to make the payment.B. It will send dollar in cash by airmail.C. It has a dollar account with another bank in an American city where the beneficiary lives.D. Its customer has a dollar account

38、 with it.（分数：2.00）A.B.C.D.(3).What will the correspondent bank do in the settlement according to this passage?A. It will make payment in dollars against the bankers draft.B. It will send the draft to the bank in Britain.C. It will issue a documentary credit.D. It will have an agreement with the bank

39、 mentioned.（分数：2.00）A.B.C.D.(4).What is the safer and more normal method for the importers bank to effect the settlement?A. To issue a bankers draft.B. To arrange for payment by mail transfer.C. To make the payment to its correspondent bank.D. To ask the importer to pay the money on his dollar accou

40、nt.（分数：2.00）A.B.C.D.(5).Who is the “recipient“ in the settlement?A. The correspondent bank.B. The British bank.C. The British importer.D. The American supplier.（分数：2.00）A.B.C.D.九、英释汉(总题数：2，分数：14.00)11.Bancassurance refers to the sale of insurance products through bank distribution.（分数：7.00）_12.Commo

41、dity futures refer to contracts to supply quantities of the underlying commodity at a future date.（分数：7.00）_十、判断正误(总题数：2，分数：6.00)There are two general ways in which the term “market“ is used in economics. First, a market is thought of as a formal or informal organization of buyers and sellers who co

42、nduct trades in particular commodities or services. The market may be located at a geographical meeting place, such as your friendly neighborhood bookstore or shopping center (a retail market). A market may be organized over wide areas connected through phones or computer terminals. Although the tra

43、ding room of the New York Stock Exchange is located in New York City, buyers and sellers who actively participate in this market may conduct their trades from distant locations. This description is the institutional way of looking at a market.The second meaning of the word “market“ is used in formal

44、 economic models. Here the equations that explain the demand and supply of a commodity such as money are sometimes grouped together. Although money is traded in all markets, the reasons for supplying and holding money are thought to be specific enough to warrant separate equations. This is an abstra

45、ct way to think of the money market.New financial assets are traded in primary markets. Financial assets that are resold are traded in secondary markets. Finns that specialize in trading either new or reissued financial assets are called primary and secondary dealers, respectively. Both new and reissued securities are traded in many markets, such as the U. S money market. The New York Stock Exchange, however, is a secondary market.（分数：3.00）(1).A financial market may be thought of as an ordinary mar