金融英语初级-4及答案解析.doc

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1、金融英语初级-4 及答案解析(总分：100.00，做题时间：90 分钟)一、BPart One Listen(总题数：2，分数：10.00)Section One 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,

2、 B, C and D, and decide which is tile best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.（分数：5.00）A.Mr. Lin is not in his office at the moment.B.Mr. Lins secretary would like to see you.C.Mr. Lin has just left and will be back in ten minutes or

3、so.D.Mr. Lin is at the meeting and will be seeing you in ten minutes or so.A.You can draw a certain sum of money from your credit card.B.You can supply a certain sum of money.C.We can supply you with a certain sum of money against your credit card.D.We can advance any amount of money against your cr

4、edit card.A.Eight hundred dollars is left.B.Five hundred dollars is left.C.Three hundred dollars is left.D.Four hundred dollars is left.A.Could you help me change foreign money?B.Could you tell me where I can change foreign money?C.Could you direct me to where you sell foreign money?D.Could you inst

5、ruct me how I can get foreign money?A.You cannot get your notes back.B.Your notes are forgery.C.Your forged notes cannot be returned to you.D.Our regulations conform with international practice.A.Commercial banks mainly provide short- term loans for the capital market.B.The capital market mainly dep

6、ends on the acquired deposits and the funds from other channels.C.Short - term loans are mainly from the acquired deposits and the funds from other channels.D.Commercial banks mainly depend on the capital market for deposits and the funds.A.Your countersign conforms with the specimen signatures.B.Yo

7、ur countersign has to be consistent with the specimen signatures.C.Your countersign doesnt conform with the specimen signatures.D.Your countersign must conform with the specimen signatures.A.The credit cannot be used until the issuing bank agrees to amend it.B.Please go to the issuing bank to have y

8、our credit amended.C.Please ask the issuing bank when it can amend the credit.D.The credit doesnt need any amendment once it is issued.A.Exchange rates change daily within the limits set in the exchange regulations.B.Exchange rates are laid down in the exchange regulations.C.Exchange rates fluctuate

9、 daily sometimes beyond tile limits set in the exchange regulations.D.Exchange rates fluctuate daily several times within the limits in the exchange regulations.A.Financial reporting is meant to provide information helpful for making investment and lending decisions.B.Financial reporting is primaril

10、y used to make investment and lending decisions.C.Investment and lending decisions cannot be made without financial reporting.D.The primary objective of financial reporting is to make investment and lending decisions.二、BSection Two/B(总题数：2，分数：10.00)Directions: In this section, you will hear ten shor

11、t conversations. At the end of each conversation, a question 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 A

12、NSWER SHEET with a single line through the center.（分数：5.00）A.The man lost his checkbooks.B.The man lost his passport.C.The man lost his password.D.The man lost his passbook.A.Housing loan.B.Foreign currency loan.C.Dollar loan.D.Credit loan.A.January 24.B.February 31.C.January 25.D.February 26.A.Paym

13、ent by demand drafts.B.Payment by collection.C.Payment by letters of credit.D.Payment by remittance.A.To avoid problems arising from inflation.B.To prevent possible fraud.C.To avoid problems arising from fluctuations of exchange rote.D.To prevent overdrawing.A.Inspection certificate.B.Certificate of

14、 origin.C.Insurance policy.D.Bill of lading.A.Bank clerk and customer.B.Receptionist and foreign guest.C.Customs officer and traveler.D.Business associates.A.FourB.TwoC.ThreeD.FiveA.Improper packing.B.Rough handling.C.Damaged goods.D.Defective goods.A.At the bank.B.At the travel agency.C.At the cust

15、oms.D.At the company office.三、BSection Three(总题数：1，分数：3.00)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 answer fro

16、m 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.1992B.1993C.1994D.1995A.The Peoples Bank of China.B.China Foreign Exchange Trading Center.C.Inter- bank foreign exchange market.D.The State

17、Administration of Foreign Exchange.A.1%B.0.3%C.0.5%D.0.4%四、BPassage Two/B(总题数：1，分数：4.00)A.High risk.B.A type of credit product.C.High interest.D.A kind of revolving loan.A.Collateral loan.B.Education loan.C.Mortgage loan.D.Commercial loan.A.1952B.1958C.1962D.1968A.It is a kind of short - term loan.B

18、.It is also called bridge loan.C.It is supposed to pay back at one time.D.Its maturity exceeds five years.五、BPassage Three(总题数：1，分数：3.00)A.A rise in Tokyo stock.B.Japans life insurance firms.C.Negative spread.D.Japanese life insurers difficult situation.A.Rise.B.Fall.C.Remain unchanged.D.Not sure.A.

19、The value of outstanding policies went down.B.Life insurers negative spreads tended to grow small.C.Public confidence in the insurers remained low.D.A rise in Tokyo stock helped improve the balance sheets of life insurers.六、BPart Two Readin(总题数：10，分数：10.00)1.Checks are attractive because they are re

20、adily accepted and provide formal _ of payment.（分数：1.00）A.creditB.verificationC.clarityD.collection2.Although the company showed a profit, the balance sheet looks increasingly _.（分数：1.00）A.brightB.dimC.shallowD.fragile3.Increased flows of world capital intensify financial competition among nations.

21、This trend places pressures on national government to their domestic markets and liberalize international capital movements.（分数：1.00）A.removeB.settleC.deregulateD.control4.From banks perspective, liabilities have become more interest elastic, so that small rate changes can produce large fluctuations

22、 in _ balances.（分数：1.00）A.outstandingB.outreachingC.remainingD.demanding5.Dealers in government and private securities need short - term financing to purchase new securities and carry their existing portfolios of securities until those securities are sold to customers or reach（分数：1.00）A.businessB.ma

23、rketsC.maturityD.objective6.Many financial transactions are _ sheet items such as interest rate swaps and are not clearly identified through the usual reporting channels.（分数：1.00）A.zeroB.capitalC.off-balanceD.major7.With no interest rate _ on deposits or restrictions on maturities, banks can offer a

24、ny deposit product customers demand.（分数：1.00）A.cutB.ceilingsC.demandD.contract8.The bankers _ the steel companys new shares, which means the share issue will be sold to the bankers instead of the public directly.（分数：1.00）A.underwriteB.underchargeC.undertakeD.underestimate9.Normally, _ capital loans

25、are secured by accounts receivable or by pledges of inventory and carry a floating interest rate on the amounts actually borrowed against the approved credit line.（分数：1.00）A.currentB.stockC.workingD.long-term10._ money refers to currency issued on the basis of banks credit instead of gold reserve.（分

26、数：1.00）A.FairB.FiduciaryC.FixedD.Deposit七、BSection Two/B(总题数：5，分数：5.00)A.inB.onC.withD.fromA.buyerB.sellerC.investorD.producerA.overB.onC.aboveD.forA.manipulateB.controlC.adjustD.followA.CommitteeB.CommissionC.CongressD.Convention八、BPassage Two/B(总题数：5，分数：5.00)A.secondaryB.mainC.alternativeD.primary

27、A.toB.onC.inD.fromA.mistakeB.errorsC.fraudD.violationA.whomB.whoC.whereD.whoseA.fromB.inC.onD.at九、BSection Three(总题数：3，分数：3.00)21.Off- site surveillance enables bank supervisors to be aware of the nationwide economic trends and thus facilitates policy development in the banking sector.（分数：1.00）A.A.

28、Right B.B. Wrong C.C. Doesnt say22.off- site surveillance helps to identify the banking institutions with potential problems.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say23.Off- site surveillance can do nothing about the existing problems of banking institutions.（分数：1.00）A.A. Right B.B. Wrong C.C.

29、Doesnt say十、BPassage Two/B(总题数：3，分数：3.00)24.In case banks are undercapitalized but reluctant to take necessary corrective measures voluntarily, the supervisor might take formal actions to order the bank to stop engaging in a specified practice or violation.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt

30、say25.Banks who fail to comply with the formal remedial actions might face financial penalties or criminal punishment.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say26.Legal sanctions here refer to legal approval.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十一、BPassage Three(总题数：4，分数：4.00)27.The mar

31、kets for treasury bills in most developed countries have many different buyers and sellers.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say28.Treasury bills are short - term and virtually free of default risk.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say29.Investors in deep and liquid markets face im

32、mense risk that they will not be able to sell their securities when they want to.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say30.As some treasury bills do not actually pay interest, they are not attractive to investors.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十二、BSection Four/(总题数：5，分数：5.00)31

33、.All of the following statements are correct except _.（分数：1.00）A.trading on a documentary bill basis offers more protection than trading on the basis of clean bills of exchangeB.to trade on a documentary bill basis, the documents are handed over to the importer only against acceptance or payment of

34、the billC.to trade on a clean bill basis, the documents are handed over to the importer only against acceptance or payment of the billD.to trade on a documentary credit basis, the drawer is assured of acceptance and payment by the issuing bank32.To trade on a documentary bill basis, the documents ar

35、e _.（分数：1.00）A.released to the importer only against paymentB.released to the importer against acceptance and paymentC.released to the importer only against acceptanceD.released to the importer either against acceptance or payment of the bill33.Under D/A, documents are _.（分数：1.00）A.released to the i

36、mporter against payment of the billB.released to the importer against acceptance of the billC.released to the importer against payment or acceptance of the billD.released to the importer against acceptance of the sight bill34.Which of the following statements is correct?（分数：1.00）A.Documentary credit

37、 is also referred to as documentary bill.B.Documentary credit and documentary bill are different in that under a documentary credit, the drawer can be assured of acceptance and payment by the issuing bank.C.Trade on a documentary credit basis is much more risky from the point of view of the exporter

38、.D.When a bill of exchange is drawn under a documentary credit, the issuing bank should make unconditional payment to the drawer.35.When a bill of exchange is drawn under a documentary credit, the drawer can be assured of acceptance and payment by the _.（分数：1.00）A.opening bankB.advising bankC.negoti

39、ating bankD.the opener of the documentary credit十三、BPassage Two/B(总题数：5，分数：5.00)36.According to the passage, all of following bills of lading are considered documents of title except _.（分数：1.00）A.short form bill of ladingB.liner bills of ladingC.charter party bill of ladingD.negotiable hill of ladin

40、g37.Bill of lading issued by freight forwarders _.（分数：1.00）A.will be, accepted by the bank without any conditionB.will not be accepted by the bank even if it appears on its face to indicate the name of the freight forwarder as a carrier and to have been signed by the freight forwarder as carrierC.wi

41、ll be accepted by the bank if it appears on its face to indicate the name of the freight forwarder as a carrier anti to have been signed by the freight forwarder as carrierD.will be accepted by the bank if the letter of credit gives such permission38.A charter party bill of lading is usually _.（分数：1

42、.00）A.a bill of lading independent of the charter partyB.a bill of lading dependent on the charter partyC.a bill of lading dependent on the sales contractD.considered to be a document of title39.According to the passage, the “charter party“ means _.（分数：1.00）A.hiring documentB.hiring personC.either h

43、iring document or hiring personD.None of the above.40.All of the following statements are correct except _.（分数：1.00）A.even if short form bill of lading does not contain the full details of the contract of carriage, it can fulfill all the other functions of bills of ladingB.the liner bill of lading i

44、ndicates that goods are being transported on a ship which travels on a scheduled routeC.a charter party bill of lading is issued only by the owner of a ship to the exporterD.unless otherwise authorized in the credit, banks will only accept a bill of lading issued by a freight forwarder if it appears

45、 on its face to indicate the name of the carrier and to have been signed by the freight forwarder as a named agent for the carrier十四、BPassage Three(总题数：5，分数：5.00)41.The liabilities are classified as current or long- term liabilities according to _.（分数：1.00）A.the liquidity of the liabilityB.the futur

46、e date when the liability must be paidC.the operating cycleD.one year42.For a note payable to be paid in installments within 5 years, which of the following statements is correct?（分数：1.00）A.The first installment due within one year is a current liability.B.The first installment due within one year i

47、s a long- term liability.C.All the installments due are long - term liabilities.D.All the installments due are current liabilities.43.Which of the following is long- term liability?（分数：1.00）A.debt payable due with 10 yearsB.inventoryC.unearned revenueD.note payable due within 6 months44.Which of the

48、 following is current liability?（分数：1.00）A.cashB.inventoryC.salary payableD.money from the bank45.Liabilities are _.（分数：1.00）A.money borrowed from banksB.money received from creditorsC.“outsider claims“, which are economic obligations, debts payable to outsidersD.notes receivable十五、BPassage Four/(总题

49、数：5，分数：5.00)46.When the issue is syndicated among the original investment banker and other institutions, _.（分数：1.00）A.there is only one lead managerB.there must be more than one lead managerC.all the parties concerned are lead managersD.there is one lead manager or more than one lead manager47.According to the passage, underwriting simply means _.（分数：1.00）A.that the investor pr