初级银行综合类-5(听力部分暂无答案)及答案解析.doc

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1、初级银行综合类-5(听力部分暂无答案)及答案解析(总分：100.00，做题时间：90 分钟)一、B听力题/B(总题数：2，分数：10.00)Directions: 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 marked A, B, C and D,

2、 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.Spot rate + dealing commission.B.The same as the spot rate.C.Spot rate + premium or discount.D.Spot rate + bank charge.A.On Sundays this bank is open till 4:

3、00 p. mB.On Sundays this bank is open till 4: 30 p. mC.On Sundays this bank is closed at 4: 30 p. mD.On Saturdays this bank opens at the usual time.A.VISA Card, Access, American Express and Diners Card are all credits.B.Credit cards are the same thing as charge cards.C.Another name for credit card i

4、s charge card.D.American Express is not credit card in the real sense.A.USD 3 674 596.09B.USD 3 674 593.01C.USD 3 674 596.09D.USD 3 374 593.09A.A. Due from banks B.B. Due to banks C.C. Accounts Receivable（分数：5.00）A.The collecting bank is the bank at the sellers country.B.The collecting bank acts onl

5、y as an agent for the remitting bank.C.The collecting bank knows the buyer very well.D.The collecting bank noticed that the draft and the document were received.A.We usually pay a visit to that bank.B.We usually write to that bank for permission.C.We exchange some staff each other.D.We exchange the

6、control document and test keys.A.This company is worth of financing.B.This company is highly rated in credit status.C.This company is rated lower in credit standing.D.This company runs a greater risk to make loans.A.two separate spot transactionsB.one spot and the other forward transactionC.a “one m

7、onth swap“D.the call optionA.Youre required to secure the money you borrowed.B.Youre required to show your credit rating.C.Youre required to offer a security for a loan from bank.D.Youre required to improve the security.二、B单项选择/B(总题数：10，分数：10.00)1.A financial market consists of foreign exchange mark

8、et, money market, bond market and equity market. The last two markets usually fall into the category of _.（分数：1.00）A.preferred stock market or liquidation marketB.stock market or debt marketC.securities market or capital marketD.securities market or liquidation market2.A forward exchange rate can mo

9、ve for two reasons: (1) because the spot rate moves, and (2) _.（分数：1.00）A.because of changes in interest rate which affect the forward ratesB.because of changes in interest rate which affect the forward differentialC.for the changes in interest rate affect the forward ratesD.because of changes in in

10、terest rate which affect the spot rates3.When a commercial bank which was established _ is found to have its ratios of assets and liabilities at variance with the stipulations within a designated time limit.（分数：1.00）A.superior to the promulgating of this lawB.inferior to the promulgation of this law

11、C.priority to the promulgation of this lawD.prior to the promulgation of this law4.If the components _ delivered earlier we might have been able to start work on time.（分数：1.00）A.might have beenB.wereC.had beenD.were to5.The international payments system of the buyers country is not being hampered by

12、 exchange controls. The word hamper means _.（分数：1.00）A.hinderB.put offC.postponeD.hold up6._ relates to the liability of the issuing bank, whereas _ relates to the responsibility of the correspondent bank or other banks.（分数：1.00）A.“Revocable“ or “inrevocable“, “unconfirmed“ or “confirmed“B.“Cancelle

13、d“ or “cancellate“, “confirmative“ or “confirmed“C.“Revocable“ or “inrevocable“, “confirmative“ or “confirmed“D.“Cancelled“ or “incancelled“, “unconfirmed“ or “confirmative“7.Government - to - government bilateral loans are generally in the form of grants or credits with very low interest rates and

14、long maturities. The closest meaning of bilateral is _.（分数：1.00）A.bilingualB.bilabialC.a double sideD.biped8.The word “finance“ signifies capital in monetary, that is, _, normally for capital purposes, through financial markets or financial institutions.（分数：1.00）A.in the way of capitalsB.in the form

15、 of funds lent or borrowedC.in the method of fundsD.on the form of funds lent or borrowed9.A documentary collection can be defined as the collection of a sum due from a buyer by a bank _ against delivery of certain documents.（分数：1.00）A.acting on behalf of a buyerB.behaving on behalf of an exporterC.

16、acting on behalf of an importerD.acting on behalf of a seller10.The number of orders went up _ we increased our prices by 15%.（分数：1.00）A.whenB.althoughC.becauseD.since三、B完型填空/B(总题数：1，分数：20.00)Required, honour, dispatched, resulted, received, irrevocable, release, declared, prepared, handedGoods shou

17、ld not be U(21) /U direct to address of a bank or consigned to a bank without prior agreement on the part of that bank. In the event of goods being dispatched direct to the address of a bank or consigned to a bank for delivery to a drawee against payment or acceptance or upon other terms without pri

18、or agreement on the part of that bank, the bank has no obligation to take delivery of the goods, which remain at the risk and responsibility of the party dispatching the goods.In practice, great careis U(22) /U when goods ale consigned to the bank as large losses have U(23) /U from incorrect procedu

19、res being followed.Quite often, goods consigned to the bank will arrive by air before the supporting documents have been U(24) /U. At this stage we will have little indication of the value of the collection other than the U(25) /U value of the goods for customs purposes. It is therefore important th

20、at a letter of U(26) /U is only U(27) /U to the drawee who is undoubted and is U(28) /U to sign an U(29) /U undertaking to U(30) /U the documents upon presentation regardless of the terms of those documents.（分数：20.00）(1).（分数：2.00）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:_

21、四、B阅读理解/B(总题数：2，分数：20.00)The balance of payments is a statistical record of all the economic transaction between residents of the reporting country and residents of the rest of the world during a given time period. The usual reporting period for all the statistics included in the accounts is a year.

22、 A good or bad set of figures can have an influential effect on the exchange rate and can lead policy makers to change the content of their economic policies. Deficits may lead to the government raising interest rate or reducing public expenditure to reduce expenditure on imports. Alternatively, def

23、icits may lead to calls for protection against foreign imports or capital controls to defend the exchange rate.A key definition that needs to be resolved at the outset is that of a domestic and foreign resident. It is important to note that citizenship and residency are not necessarily the same thin

24、g from the viewpoint of the balance of payments statistics. The term residents comprises individuals, households, firms and the public authorities. There are some problems that arise with respect to the definition of a resident. Multinational corporations are by definition resident in more than one

25、country. For the purposes of balance - of - payments reporting the subsidiaries of a multinational are treated as being a resident in the country in which they are located even if their shares are actually owned by domestic residents. Another problem concerns the treatment of international organizat

26、ions such as the International Monetary Fund, the World Bank, United Nations and so forth. These institutions are treated as being foreign residents even though they may actually be located in the reporting country. For example although the International Monetary Fund is located in Washington, contr

27、ibutions by the US government to the Fund are included in the US balance -of-payments statistics because they are regarded as transactions with a foreign resident. Tourists are regarded as being foreign residents if they stay in the reporting country for less than a year.The criterion for a transact

28、ion to be included in the balance of payments is that it must involve a transaction between a resident of the reporting country and a resident from the rest of the world. Purchases and sales between residents from the same country are excluded.（分数：10.00）(1).What is the balance of payments?（分数：2.00）A

29、.The balance of payments is a digital table of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period.B.The balance of payments is a figured table of all the economic transactions between residents of the reporting c

30、ountry and residents of the rest of the world during a given time period.C.The balance of payments is a statistical record of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period.D.The balance of payments is a digi

31、tal record of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period.(2).It is important to note that _.（分数：2.00）A.citizenship and residency are the same thing from the viewpoint of the balance of payments statistics

32、B.citizenship and residency are almost the same thing from the viewpoint of the balance of payments statisticsC.citizenship and residency are indeed the same thing from the viewpoint of the balance of payments statisticsD.citizenship and residency are not necessarily the same thing from the viewpoin

33、t of the balance of payments statistics(3).Which of the following statements is tree?（分数：2.00）A.Deficits may lead government to reduce interest rate.B.Deficits may lead government to raise expenditure on imports.C.Surplus may lead government to stimulate imports from foreign counties.D.Surplus may l

34、ead government to reduce expenditure on imports.(4).Which of the following transactions is not included in Chinese balance of payments?（分数：2.00）A.Bond transaction with Citibank.B.Service transaction between local enterprise and Sino -foreign joint company incorporated in China.C.Capital inflow to Be

35、ijing subsidiary of Swiss multinationals.D.Loan from IMF.(5).What is the alternative name for the World Bank?（分数：2.00）A.International Bank for Reconstruction and Development.B.International Finance Corporation.C.International Development Association.D.International Settlement Bank.A Red Clause Docum

36、entary Credit is a Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank or any other Nominated Bank to make advances to the Beneficiary before presentation of the documents.The clause is incorporated at the specific request of the Applicant, and the wo

37、rding is de- pendent upon his requirements. The Red Clause Documentary Credit is so called because the clause was originally written in red ink to draw attention to the unique nature of this Documentary Credit. The clause specifies the amount of the advance authorized, which, in some in- stances, ma

38、y be for the full amount of the Documentary Credit.The Red Clause Documentary Credit is often used as a method of providing the seller with funds prior to shipment. Therefore, it is of value to middlemen and dealers in areas of commerce that require to a form of pre - financing and when a buyer woul

39、d be willing to make special concessions of this nature.For example, it could be used by a wool importer in England to enable a wool shipper in Australia to obtain funds to pay the actual suppliers (either by direct purchase or through the wool auctions) by obtaining a loan from the Australian bank,

40、 either on an unsecured basis or against the security of interim documents. This would enable repayment of the loan, plus interest, from the proceeds due to the Australian Beneficiary when the wool was shipped and documents were presented in accordance with the terms of the Documentary Credit. If, h

41、owever, the Beneficiary failed to ship the wool so as to repay the loan by presenting documents called for by the Documentary Credit, the Australian bank would have the right to demand repayment, with interest, from the Issuing Bank and that bank would have a similar right of recourse against the Ap

42、plicant.This kind of arrangement places the onus of final repayment on the applicant, who would be liable for repayment of the advances if the Beneficiary failed to present the documents called for under the Documentary Credit, and who would also be liable for all costs-such as interest or foreign e

43、xchange hedging- incurred by the Issuing Bank, the Confirming Bank, if any, or any other Nominated Bank.（分数：10.00）(1).What does a Red Clause Documentary Credit mean?（分数：2.00）A.It is a kind of Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank to make

44、 loans to the sellers prior to shipment.B.It is a Documentary Credit without recourse as a “Confirming Bank“ to the Issuing Bank, which clearly did not request or authorizes the bank to “add its confirmation“.C.It is a Documentary Credit with a special condition incorporate into it that authorizes t

45、he Confirming Bank or any other Nominated Bank to provide the Beneficiary with funds before presentation of the documents.D.It is a Documentary Credit that may provide for automatic reinstatement immediately upon presentation of the specified documents.(2).Why was the Red Clause Documentary Credit w

46、ritten in red ink?（分数：2.00）A.Because it can analyse the nature of the Documentary Credit.B.Because it has the effect of the Documentary Credit.C.Because it can draw attention to the unique nature of the Documentary Credit.D.Because it can make people believe the nature of the Documentary.(3).How is

47、the Red Clause Documentary Credit used?（分数：2.00）A.It is often used as a means of supplying the seller with funds before shipment.B.It is served as a way of providing the seller for funds prior to shipment.C.It is often used for the method of providing the seller for funds prior to shipment.D.It is o

48、ften used as a means of supplying the seller for funds before shipment.(4).What would the Australian bank do, if the Beneficiary failed to ship the wool so as to re- pay the loan by presenting documents?（分数：2.00）A.The Australian bank will have had the right to demand repayment, with interest, from the Issuing Bank.B.The Australian bank would have been entitled to demand repayment, with interest, from the Issuing Bank.C.The Australian bank would have had the right to demand repayment, with interest, from the Issuing Bank.D.The Australian bank w