金融英语初级-7及答案解析.doc

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1、金融英语初级-7 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 short statements. Each statement will be spoken only once. After each statement there will be a pause. During file pause, you must read file four suggested answers marked A, B

2、, C and D, 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.A global recession creates special risks.B.Rising debt creates special risks.C.Rising debt amid a global recession creates special risks.D.Debt can

3、stimulate growth.A.In the early period of the World Banks existence, loans were granted mainly to European countries.B.In the early period of the World Banks existence, loans were granted mainly to economically developing countries in Africa.C.In the early period of the World Banks existence, loans

4、were granted mainly to Asia and Latin America.D.Recently, loans were granted mainly to European countries.A.The bond maturity date can range from 1 to 30 years.B.The bond maturity date can range from 1 to 10 years.C.The bond maturity date can range from 10 to 30 years.D.The bond maturity date can ra

5、nge from 1 to 20 years.A.There are only private security issuers.B.There are only public security issuers.C.There are two kinds of security issuers: public security issuers and private security issuers.D.There are no private security issuers.A.The law on the Peoples Bank of China was passed in 1995.

6、B.The National Peoples Congress session passed the law in 1994.C.The law on the Peoples Bank of China was passed in 1998.D.The law was passed in 2001.A.Central banksB.Commercial banksC.Common hanksD.The Export- Import banksA.Individuals receive money in the form of salaries and wages.B.Individuals r

7、eceive money in the form of cheques.C.Individuals dont spend money on goods and services.D.Individuals spend money on education.A.Finance companies offer long - term loans to businesses.B.Finance companies offer long - term loans to individuals.C.Finance companies offer short - term loans to busines

8、ses or individuals.D.Finance companies dont offer short- term loans to businesses or individuals.A.The Bank of China is not a state - owned enterprise.B.The Bank of China is a state - owned enterprise.C.The Bank of China is not a foreign exchange bank.D.The Bank of China is not very important.A.100

9、millionB.110 millionC.10 millionD.80 million二、BSection Two/B(总题数：2，分数：10.00)Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and the question will be spoken only once. During the pause,

10、 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 ANSWER SHEET with a single line through the center.（分数：5.00）A.The man wants to buy something in China.B.The man wants to pay the money.C.The man wants to draw some money

11、from tile bank.D.The man wants to have a talk with the woman.A.The information is on the beard.B.The information is on the desk.C.The information is in the computer.D.The information is on the book.A.In a shop.B.In a drugstore.C.In a bank.D.In a school.A.From the clerk at the exchange desk.B.On the

12、board.C.On the desk.D.On the notebook.A.109B.118C.189D.119A.Fill in the form.B.Get the credit information of their cooperative partner.C.Sign the contract.D.Cooperate with the partner.A.The advantages are considerable.B.They can last four to five times as long as paper notes.C.They can be used for a

13、 long time.D.They are cheap.A.Your age and circumstances.B.Economic conditions.C.Your age and circumstances, as well as economic conditions.D.Your appearance.A.Stocks.B.Bonds, property or collectables.C.Insurance.D.Stamps.A.915B.9150C.1950D.9151三、BSection Three(总题数：1，分数：3.00)Directions: In this sect

14、ion 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 from the four choices marked A, B, C, and D. Then mark the corresponding letter on the

15、 ANSWER SHEET with a single line through the center. BPassage One/B（分数：3.00）A.In 1929.B.In 1930.C.In 1913.D.In 1931.A.Savings banks.B.Investment banks.C.The commercial banks.D.Saving banks, investment banks and tile commercial banks.A.trust companies, central banks and government - operated banksB.c

16、ommercial banksC.industrial banksD.investment banks四、BPassage Two/B(总题数：1，分数：4.00)A.200 years.B.300 years.C.500 years.D.1S00 years.A.Mexico.B.Australia.C.Japan.D.China.A.Note Printing Australia (NPA) is currently the only company in the world making plastic money.B.The rest of the world will not ado

17、pt plastic notes.C.Central banks are very careful about changing their currency.D.A number of Asian countries are close to agreeing to adopt plastic money.A.12B.11C.21D.l8五、BPassage Three(总题数：1，分数：3.00)A.the competitionB.the DepressionC.the first World WarD.the Second World WarA.In 1931.B.In 1913.C.

18、In 1904.D.In 1934.A.The government has the ultimate control over the bank.B.There is regular, close consultation between the minister of finance and the governor of the bank.C.In case of serious disagreement, the governor will hold the upper hand.D.The governors of the Bank of Canada have tried to m

19、aintain a tradition, of independence.六、BPart Two Readin(总题数：10，分数：10.00)1.If a major borrower gets in trouble because of inability to _ a loan, the bank may find itself in serious trouble as well.（分数：1.00）A.serviceB.proceedC.promoteD.return2.Most banks would hesitate to commit their scarce reserves

20、to such a customer unless there was good prospect of a _ in the customers circumstances.（分数：1.00）A.progressB.turnaroundC.showoffD.healing3.An important technical issue here is whether deeds to property have been properly _ with local governmental authorities so that the bank knows for sure who curre

21、ntly has title to the property.（分数：1.00）A.filedB.writtenC.filledD.committed4.Some companies, governments and banks have borrowing requirements which are so large that their domestic market cannot _ them.（分数：1.00）A.holdB.shareC.shoulderD.accommodate5.The collateral pledged behind a loan and the other

22、 assets that a borrower may oval are the second line of defense against loan _ , after the borrowers cash flow.（分数：1.00）A.paymentB.deferC.defaultD.repayment6.As the institutions loan losses _ , wary depositors withdrew funds from Penn Square.（分数：1.00）A.increasedB.improvedC.mountedD.settled7.Attached

23、 to each Eurobond are which the bearer can tear off in order to claim the interest payment.（分数：1.00）A.tissuesB.couponsC.documentsD.materials8.A _ foreign exchange deal is one made for settlement in two working days time.（分数：1.00）A.periodicB.spotC.one- offD.short9.A loan agreement signed by unauthori

24、zed persons could prove to be _ and, therefore, result in substantial losses for the bank.（分数：1.00）A.uncontrollableB.uncollectableC.failD.bound10._ balance sheet items by interest rate sensitivity rather than by traditional accounting categories permits managers to examine several distinct asset/lia

25、bility groupings.（分数：1.00）A.ManagingB.ImplementingC.FormulatingD.Segregating七、BSection Two/B(总题数：5，分数：5.00)A.basisB.conditionC.circumstanceD.footingA.NeverthelessB.HoweverC.LikewiseD.AlthoughA.extremelyB.relativelyC.particularlyD.definitelyA.playB.makeC.takeD.haveA.debtB.claimsC.loansD.funds八、BPassa

26、ge Two/B(总题数：5，分数：5.00)A.stocksB.propertyC.assetD.housesA.offerB.provideC.produceD.deliverA.tangibleB.familyC.industrialD.durableA.foundB.set upC.establishD.make upA.moneyB.totalC.finalD.amount九、BSection Three(总题数：3，分数：3.00)21.Designated foreign exchange banks shall use their own funds other than Re

27、nminbi fun& to conduct foreign exchange surrender business.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say22.Once the termination is approved, these financial institutions shall dispose their foreign exchange assets and liabilities and have their license maintained.（分数：1.00）A.A. Right B.B. Wrong C.C.

28、 Doesnt say23.Financial institutions dealing in foreign exchange business shall present to the SAFE their balance sheets, profit and loss statements and other statements or information covering foreign exchange operations.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say十、BPassage Two/B(总题数：3，分数：3.00)2

29、4.After debtors fully clear their foreign debts, they are required to retain their external debt accounts for future use.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say25.The state adopts a registration system for external debt to effectively control the size of foreign borrowing and raise the effici

30、ency of using foreign funds.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say26.The data on external debts are not to be revealed to the public.（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.Low asset quality might affect a banks capital ratio or even lead to the bankr

31、uptcy of the bank.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say28.Under the loan classification system, standards used to assess credit quality are mainly based on the degree of risk and the possibility of orderly repayment.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say29.It is not necessary for a

32、hank to have adequate provisions as allowance for bad debts.（分数：1.00）A.A. Right B.B. Wrong C.C. Doesnt say30.Before the United States, some form of risk - based loan/asset classification system was adopted in Singapore to monitor banks asset quality and assess its adequacy of provisions.（分数：1.00）A.A

33、. Right B.B. Wrong C.C. Doesnt say十二、BSection Four/(总题数：5，分数：5.00)31.If the negotiating bank has negotiated a credit confirmed by itself, it will _.（分数：1.00）A.be able to claim repayment from the beneficiary of the advance which is not ultimately forthcoming from the issuing bankB.not be able to clai

34、m repayment from the beneficiary of the advance which is not ultimately forthcoming from the issuing trunk, provided the terms of the credit have been complied withC.be able to claim repayment from the beneficiary of the interest which is net ultimately forthcoming from the issuing bankD.not be able

35、 to obtain reimbursement from file issuing bank32.Under negotiation credit, the credit _.（分数：1.00）A.is always negotiated through the advising bankB.is sometimes negotiated through the advising bankC.can always be, negotiated through any bankD.None of the above is tree.33.Under payment credit, the no

36、minated bank _.（分数：1.00）A.will pay the beneficiary unconditionallyB.will pay the beneficiary after checking that the received documents meet the credit requirementsC.remit the funds to the beneficiary only on receipt of the time draftD.is nominated by any bank34.A credit can be negotiated by _.（分数：1

37、.00）A.the importerB.the beneficiaryC.the advising bankD.the applicant of the credit or the advising bank35.If a bank negotiates a credit, it will _.（分数：1.00）A.advance money to the beneficiary without charging any interestB.advance money to the beneficiary only against sight draftC.always advance mon

38、ey to the beneficiary without recourseD.advance money to the beneficiary with recourse provided that the credit is not confirmed by it十三、BPassage Two/B(总题数：5，分数：5.00)36.In many countries, before an insured person can take legal action against an insurer, he _.（分数：1.00）A.must present an insurance cer

39、tificateB.must present a planC.must present no other documents than an insurance certificateD.must present an open policy37.Which of the following statements is true. The benefit of the open cover system is that _.（分数：1.00）A.it avoids to negotiate insurance termsB.it avoids tire necessity of issuing

40、 a separate policy for each individual shipmentC.it provides insurance cover to all kinds of goodsD.it avoids the necessity of issuing an insurance certificate38.When an exporter sells goods on a regular basis, he will normally arrange an open policy of insurance to cover all his exports during a sp

41、ecific period. Here an “open policy“ means _.（分数：1.00）A.a policy which is free from limitations.B.a policy that is accessible to all.C.a kind of insurance certificate which provides insurance cover at all times within agreed terms anti conditions.D.None of the above.39.During the journey from the ex

42、porter to the importer, _ is responsible for insuring the goods.（分数：1.00）A.the importerB.the exporterC.either the importer or fire exporterD.None of the above.40.The sentence “if an exporter sells goods on a one - off basis“ means _.（分数：1.00）A.“if an exporter sells goods regularly“B.“if an exporter

43、sells goods irregularly“C.“if an exporter sells goods for only once and will never sell goods again“D.None of the above are correct.十四、BPassage Three(总题数：5，分数：5.00)41.The balance sheet _.（分数：1.00）A.provides a measure of the success or failure of an enterprise over a specified period of timeB.shows t

44、he changes of working capital during a specific time periodC.shows the relationship among assets, liabilities and owners equitiesD.None of the above.42.An income statements _.（分数：1.00）A.states only incomeB.shows the major resources of revenues generatedC.shows the major resources of expenses associa

45、ted with the revenuesD.Both B and C43.Which of the following is not the alternative title of income statement?（分数：1.00）A.Statement of Cash Flow.B.Profit and Loss Statement.C.Earnings Statement.D.Statement of Operation.44.The owners equity is _.（分数：1.00）A.the money paid by the owners at inception of

46、a firmB.net worth of a firmC.gross profit of a firmD.the rest resources aside from liabilities45.Statement of Cash Flow _.（分数：1.00）A.shows the relationship between cash and costB.explain the changes in working capital or cashC.shows the relationship among assets, liabilities and owners equitiesD.sta

47、tes the income in terms of cash十五、BPassage Four/(总题数：5，分数：5.00)46.None of the following statements is true except _.（分数：1.00）A.the trustor is responsible for administering the property for the benefit of the trustee onlyB.the trustee is responsible for administering the property for the benefit of t

48、ile trustor oulyC.the trustee is responsible for administering the property for the benefit of the beneficiary or beneficiariesD.the trustor is responsible for administering the property for the benefit of the trustee or a designated party47.Trust Deposits are made under trustee account agreements _

49、.（分数：1.00）A.signed in advanceB.fulfilled in advanceC.drafted in advanceD.signed and fulfilled in advance48.The party who creates the trust is _.（分数：1.00）A.the trusteeB.the beneficiaryC.trustorD.None of the above is correct.49.In the establishment of a trust, there are primarily _.（分数：1.00）A.three principal parties involved: trustor, trus