初级银行综合类-7(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-7(听力部分暂无答案)及答案解析(总分：108.00，做题时间：90 分钟)一、B听力题/B(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 passages and the questions will be spoken only once. After you hear a question, you must choose the best

2、 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.Those who have large sum of money at home.B.Those who will be away for a long time.C.Those who will stay at the bank for a long ti

3、me.D.Those who will deposit a large sum of money for a long time.A.The holder will receive more for the CD when negotiating it.B.The holder will receive less for the CD when negotiating it.C.The holder will keep the CD for longer time. D. The holder will get back only the nominal value of the CD.BPa

4、ssage Two/B（分数：3.00）A.A safe and convenient way.B.One of the most important services.C.An important service.D.One more important service.A.It will refund the customer.B.It will find it back to the customer.C.It will find the lost cheque for him.D.It will be refunded by the customer.A.To anyone who a

5、pplies for it.B.To those who fill out a form.C.To those who tell about their salaries and other income.D.To those who are with good credit.BPassage Three/B（分数：4.00）A.One acquired the other.B.They are both big banks.C.Two banks merged into one bank.D.Nothing happened to them.A.1B.1.04C.4D.18A.By the

6、Federal Reserve System and the shareholders.B.By the board of directors of the two banks.C.By the presidents of the two banks.D.By the state and federal regulatory authorities and the shareholders.A.Chairman of Chemical Bank.B.Chairman of Chase Manhattan.C.Both of them.D.Not mentioned.二、B单项选择/B(总题数：

7、10，分数：10.00)1.A check payable to Johnson is endorsed by him “pay Parry Smith only“ What type of endorsement is this?（分数：1.00）A.BlankB.GeneralC.RestrictiveD.Special2.Which of the following statements is false? _.（分数：1.00）A.To increase cash, debit the accountB.To increase revenue, credit the accountC.

8、To decrease a receivable, debit the accountD.To increase a receivable, debit the account3.These are four main methods of securing payment in international trade: (1) payment under documentary credit (2) open account (3) collection, that is document against payment or acceptance of a bill of exchange

9、 (4) payment in advance From an exporters point of view, the order of preference is _.（分数：1.00）A.(4), (2), (3), (1)B.(4), (3), (1), (2)C.(4), (1), (3), (2)D.(2), (4), (1), (3)4.ABC company is the beneficiary of a confirmed irrevocable letter of credit. bank (s) will assure the company that it will b

10、e paid.（分数：1.00）A.OneB.TwoC.ThreeD.None5.International payments and other messages are often sent through an international computer network called _.（分数：1.00）A.CHAPSB.SWIFTC.BACSD.EIMT6.In a syndicated loan, _ handles the negotiations with the borrower, prepares the relevant documentation and disbur

11、ses the full amount of the loan to the borrower.（分数：1.00）A.the lead bankB.the accounting bankC.the participating bankD.the agent bank7.Which of the following is not the distinction between bonds and stocks?（分数：1.00）A.Bonds are debt whereas stocks are equity.B.The bondholder does not share in the pro

12、fits if a company does well, while the shareholder does.C.A socks price fluctuates while that of a bond is fixed.D.In the case of bankruptcy, a bondholder will get paid before a shareholder does.8.By purchasing government securities commercial banks are _.（分数：1.00）A.borrowing from the governmentB.ac

13、quiring earning assetsC.making a “loan“ to the governmentD.both B and C9.A life insurance policy that has a constant premium through the life of the policy is called a _.（分数：1.00）A.term life policyB.whole life policyC.universal life policyD.fixed -rate life policy10.Under FOB terms the bill of ladin

14、g would state goods _.（分数：1.00）A.loaded on board, freight paidB.loaded on board, freight payable at destinationC.received for shipment, freight paidD.received for shipment, freight payable at destination三、B完型填空/B(总题数：2，分数：20.00)Liquidity risk arises from the inability of a bank to accommodate unexpe

15、cted decreases in U(21) /U or to fund increases in U(22) /U. When a bank has U(23) /U liquidity, it cannot obtain sufficient funds, either by increasing liabilities or by U(24) /U assets promptly, at a reasonable cost, thereby affecting profitability. In extreme cases, insufficient liquidity cam lea

16、d to the U(25) /U of a bank.（分数：10.00）A.liabilitiesB.assetsC.sufficiencyD.supplyA.liabilitiesB.assetsC.efficiencyD.profitabilityA.adequateB.inadequateC.accurateD.inaccurateA.changingB.exchangingC.convertingD.turningA.efficiencyB.abilityC.solvencyD.insolvencyChina will continue to pursue a U(26) /U m

17、onetary policy, and seek refinements in the conduct of monetary policy by relying on U(27) /U policy instruments. First, open market operation will be expanded, and the quality of the relevant decision - making will be improved to U(28) /U the timing and scale of open market transactions. Transactio

18、n frequency will be U(29) /U and fine -tuning measures will be taken as the occasion warrants. Flexibility will be exercised in selecting modes of transaction so give further play to the open market in guiding U(30) /U interest rates.（分数：10.00）A.openB.soundC.safeD.overallA.indirectB.prudentialC.dire

19、ctD.complicatedA.enlargeB.optimizeC.widenD.re4tuceA.increaseB.createdC.decreasedD.cut downA.long- termB.lendingC.short-termD.borrowing四、B阅读理解/B(总题数：2，分数：20.00)Capital is at the top of any bank supervisors list. The most basic form of capital is equity capital, which is the shareholders financial int

20、erest or net worth. Equity capital serves several purposes: it provides a permanent source of revenue for the shareholders and funding for the bank; it is available to bear risk and absorb losses; it provides a base for further growth; and it gives the shareholders reason to ensure that the bank is

21、managed in a safe and sound manner. Minimum capital adequacy ratios are necessary to reduce the risk of loss to depositors, creditors and other stakeholders of the bank and to help supervisors pursue the overall stability of the banking industry.Basle Committees “core principles for effective bankin

22、g supervision“ require that supervisions set prudent and appropriate minimum capital adequacy requirements and encourage banks to operate with capital in excess of the minimum. When it appears appropriate due to the particular risk profile, uncertainties regarding the asset quality, risk concentrati

23、ons or other adverse characteristics of a banks financial condition, considerations of requiring higher than minimum capital ratios are encouraged. If a banks ratio falls below the minimum, banking supervisions will act to ensure that it has realistic plans to restore the minimum in a timely fashion

24、, or may consider putting additional restrictions on the banks operations.（分数：10.00）(1).Whats the subject of the passage?（分数：2.00）A.capitalB.restrictions on banks operationsC.supervisionD.capital adequacy(2).Bank supervisors think _ most important.（分数：2.00）A.capitalB.financial interestC.shareholders

25、D.capital minimum(3).Which of the following is not the purpose of equity capital?（分数：2.00）A.Providing a permanent source of revenue.B.Bearing risks and absorbing losses.C.Disclosing reserves.D.Facilitating further growth.(4).What can we infer from the passage?（分数：2.00）A.The Basle Committees core pri

26、nciples require the minimum capital adequacy requirements.B.The Basle Committee encourages banks to operate with capital of the minimum.C.The Basle Committee helps bank supervisors to reduce the risk of loss.D.The Basle Committee ensures banks to pursue the stability of the banking industry.(5).Whic

27、h of the following is implied in the passage?（分数：2.00）A.A very important purpose of bank - supervision is to provide adequate capital for their operation.B.A very important purpose of bank - supervision is to ensure banks to operate with adequate capital.C.A very important purpose of bank - supervis

28、ion is to put additional restrictions on the banks operations.D.A very important purpose of bank - supervision is to concentrate on risks.The reliability principle requires that accounting information be dependable-free from significant error and bias. Users of accounting information rely on its tru

29、thfulness. To be reliable, information must be verifiable by people outside the business; Financial statement users may consider information reliable if independent experts would agree that the information is based on objective and honest measurement.Consider the error in a companys failure to accru

30、e interest revenue at the end of an accounting period. This error results in understated interest revenue and understated net income. Clearly, this companys accounting information is unreliable.Biased information - data prepared from a particular viewpoint and not based on objective facts - is also

31、unreliable. Suppose a company purchased inventory for $ 25. 000. At the end of the accounting period, the inventory had declined in value and can be replaced for $ 20 000. Under the lower of cost or market rule, the company must record a $ 5 000 loss for the decrease in the inventorys value. Company

32、 management may believes that the appropriate value for the inventory is $ 22 000, but that amount is only an opinion. If management reports the $ 22 000 figure, total assets and owners equity will be overstated on the balance sheet. Income will be overstated on the income statement.To establish a r

33、eliable figure for the inventorys value, management could get a current price list from the inventory supplier or call in an outside professional appraiser to revalue the inventory. Evidence obtained from outside the company leads to reliable, verifiable information. The reliability principle applie

34、s to all financial accounting information -from assets to owners equity on the balance sheet and from revenue to net income on the income statement. （分数：10.00）(1).What does the reliability principle of accounting information involve?（分数：2.00）A.The accounting information should depend on the principl

35、e.B.The accounting information should be free from significant error and bias.C.The accounting information relies on independent experts.D.The accounting information must be verifiable by people outside.(2).According to the reliability principle, what should people do with their accounting informati

36、on?（分数：2.00）A.They just rely on its truthfulness.B.They must verify the information carefully.C.They should ask independent experts to verify the information to see whether it is based on objective and honest measurement.D.They may consider the information reliable.(3).What is the result if a compan

37、y fails to make the entry of accrued interest revenue on the accounting statement?（分数：2.00）A.The error will result in understated interest revenue and understated net income.B.The accounting statement will be revised.C.The error will reduce the companys net income.D.People will not rely on the accou

38、nting information.(4).Why is biased accounting information unreliable?（分数：2.00）A.Because the information is not based on objective facts.B.Because the information consists of some state data.C.Because the information is prepared on the basis of facts.D.Because the information is made according to th

39、e inventory value of the business firm.(5).What would happen if the company in the example recorded the loss of $ 5 000 on the accounting statement?（分数：2.00）A.The companys inventory would decline in value.B.The total assets would be reported twice on the balance sheet.C.The owners equity will be ove

40、rstated on the income statement.D.The accounting information is reliable and the total assets and owners equity will be stated correctly on the balance sheet.五、B英释汉/B(总题数：2，分数：14.00)11.Treasury bonds refer to coupon bearing government securities with a relatively longer maturity.（分数：7.00）_12.An insu

41、rer might be sound financially and yet indulge in practices that are detrimental to the public, such as unfairly discriminating against an insured or engaging in sharp claim practices, which should be supervised and regulated.（分数：7.00）_六、B判断正误/B(总题数：2，分数：14.00)International trade always creates the

42、need for forward operations, if the exchange risk is to be hedged. Let us consider the case of a Swiss importer who has bought goods in Germany, in- voiced in Euro, payable in 90 days. To eliminate the risk of a significant rise of the Euro in the meantime and also to have the basis for an exact pri

43、ce calculation, he buys the Euro 90 days forward.In the converse case a Swiss exporter knows that in three months he will receive U. S. dollars in payment for this export. Here again, in order to eliminate the exchange risk, he hedges by selling the U. S. Dollar three months forward.Not to do these,

44、 forward transactions would be equivalent to speculating, on a fall of the Euro in the first case, or a rise of the U. S. dollar in the second case.（分数：6.00）(1).In the first case, “invoiced in Euro“ means that the contract asks the Swiss importer to pay in Euro to the Exporter.（分数：2.00）A.A. Right B.

45、B. Wrong C.C. Doesnt say(2).In the first case, the Swiss importer will buy the Euro 90 days later.（分数：2.00）A.A. Right B.B. Wrong C.C. Doesnt say(3).In the second case, the Swiss exporter sells the U. S. dollar because be believes that the U. S. dollar will rise.（分数：2.00）A.A. Right B.B. Wrong C.C. Do

46、esnt sayTo finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Treasury bill, which is commonly issued by the ministry of finance. However, some Treasury bills, like the Treasury bill of the U. S. government, do not actually pay

47、interest. Instead they are issued at a discount from par (their value at maturity). The investors yield comes from the increase in the value of the security between the time it was pm, chased and the time it matures.Treasury bills are attractive to investors because they are backed by the government

48、 and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can be bought and sold quickly and with low transaction cos