金融英语初级-9-暂无听力8及答案解析.doc

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1、金融英语初级-9-暂无听力 8及答案解析(总分：-28.98，做题时间：90 分钟)一、Part One Listening(总题数：0，分数：0.00)二、Section One(总题数：2，分数：-2.00)（分数：-1.00）A.The rent was $ 480, and water $ 19.B.The rent was $ 490, and water $ 19.C.The rent was $ 490, and water $ 91.D.The rent was $ 49, and water $ 19.A.S. dollars.B.Hongkong dollars.C.Eur

2、os.D.RMBA.HSBC owns 8% of the Bank of Shanghai.B.HSBC owns 62% of the Bank of Shanghai.C.HSBC owns 8% of the Hang Seng Bank.D.HSBC owns 8% of the Bank of China.A.Jinan, Fuzhou, Tianjin and Shanghai.B.Jinan, FuzJaou, Chengdu and Beijing.C.Jinan, Tianjin, Shanghai and Beijing.D.Jinan, Fuzhou, Chengdu

3、and Chongqing.A.2001B.2002C.2003D.2000（分数：-1.00）A.Risk and maturity are two concepts that are fundamental to investment analysis.B.Risk and interest are two concepts that are fundamental to investment analysis.C.Risk and return are two concepts that are fundamental to investment analysis.D.Interest

4、and maturity are two concepts that are fundamental to investment analysis.A.Financial institutions haven“t any special rights.B.Financial institutions don“t want to expand their product offerings.C.Financial institutions don“t want tow in new business.D.Financial institutions want to expand their pr

5、oduct offerings and win new business.A.Official quotations for the main foreign currencies are quoted every week.B.Official quotations for tile main foreign currencies are quoted everyday.C.Official quotations for the main foreign currencies are quoted every other day,D.Official quotations for the m

6、ain foreign currencies are quoted every other week.A.Investors can cope with any problems they may meet.B.Investors can“t cope with problems when they meet difficulty.C.Investors can cope with some investment problems by confining their investments to those that involve only modest risk.D.Investors

7、can cope with easy problems.A.4.3 billionB.4.3 millionC.43 billionD.43 million三、Section Two(总题数：2，分数：-2.00)（分数：-1.00）A.Common loans and special loans.B.Short - term loans and long - term loans.C.Short - term loans and medium - term loans.D.Medium - term loans and long - term loans.A.Finding out cust

8、omers“ cash balance.B.Moving money between accounts.C.Drawing money from the bank.D.Reporting the loss.A.Using traveler“s cheeks.B.Using credit.C.Using cash.D.Using foreign currency.A.Washington“s.B.Jefferson“s.C.Hamilton“s.D.Lincoln“s.A.Thus she can know the most appropriate investment and the best

9、 time of investment.B.Thus she can earn a lot of money.C.Thus she can help others.D.Thus she can know about how much money she has.（分数：-1.00）A.Buy it.B.Sell it.C.Borrow it.D.Keep it.A.1980B.1989C.1988D.1998A.You can go everywhere.B.You don“t have the risk of carrying large amounts of cash with you.C

10、.You can go abroad.D.You can use it very freely.A.Mr. Green.B.Mr. Smith.C.Mr. Glasgow.D.Mr. Bush.A.By floating the pound.B.By increasing the export.C.By increasing the import.D.By lending money to others.四、Section Three(总题数：0，分数：0.00)五、Passage One(总题数：1，分数：-1.00)（分数：-1.00）A.A slight increase in pric

11、es.B.Rapid growth of economy.C.Decrease of worker“s salary.D.Soaring prices.A.hyperinflation is just a passing phase in the economic developmentB.people could benefit a lot from hyperinflationC.hyperinflation is used by a government to raise taxesD.hyperinflation may cause the downfall of a governme

12、ntA.harmfulB.negativeC.going backD.progressiveA.the cause of hyperinflationB.the dangers that hyperinflation brings to a countryC.the relationship between taxes and hyperinflationD.the supply of money and hyperinflation六、Passage Two(总题数：1，分数：-1.00)（分数：-1.00）A.francsB.dollarsC.poundsD.cigarettesA.wor

13、shipped cattleB.used cattle as a means of exchangeC.printed moneyD.didn“t value cattleA.in some places a coconut would he mere valuable than a dollar billB.iron will replace gold as a money standard in the near futureC.sea shells will become more valuableD.all nations are currently on a gold standar

14、dA.The invention of printing press enabled a more nearly standard kind of currency.B.A variety of strange things has been used for money.C.All Germans are heavy smokers.D.The invention of the printing press had little effect on the types of money used.七、Passage Three(总题数：1，分数：-1.00)（分数：-1.00）A.Centr

15、al banks usually do net disclose their foreign reserves.B.Asia“s central banks begin to move back to their traditional ties to the Euro.C.Asia“s reserves have been heavily weighted with U.S. dollars for decades.D.Asia“s breaks had a period of growing interest in the Euro.A.Indonesia and Malaysia.B.M

16、alaysia and China.C.Indonesia and Singapore.D.Malaysia and Singapore.八、Part Two Reading(总题数：0，分数：0.00)九、Section One(总题数：10，分数：-10.00)1.Deposits are generally repayable on _ or in the fairly near future.（分数：-1.00）A.controlB.interestC.loanD.demand2.Ordinary shares in ninny companies can be sold at sho

17、rt _ and their value turned into cash.（分数：-1.00）A.timeB.periodC.noticeD.information3.A house may hang _ for many months and the price received will be a matter for negotiation.（分数：-1.00）A.looseB.rentC.upD.fire4.The Bretton Woods Agreement was followed soon after by _ floating.（分数：-1.00）A.incomeB.pop

18、ularC.generalizedD.cosmopolite5.The government unilateral transfers are aid-which may be in money or _ -from developed countries to developing countries.（分数：-1.00）A.cashB.propertyC.equityD.kind6.The government of this nation seemed to feel that this nation“s prestige would be _ by a devaluation of t

19、he domestic currency.（分数：-1.00）A.hinderedB.preventedC.restrainedD.tarnished7.Whenever a monetary system does not work, barter _ over.（分数：-1.00）A.penetratesB.takesC.encroachesD.pushs8.Lenders at fixed interest go to great lengths to ensure that the borrower is a good credit _.（分数：-1.00）A.worthyB.liab

20、leC.riskD.dependant9.One of the IMF“s original objectives was the _ of fixed exchange rates among member countries“ currencies, with par value related to the US dollar.（分数：-1.00）A.fixingB.variabilityC.maintenanceD.distribution10.A bank is perhaps offering a high rate of interest became it desperatel

21、y needs to attract funds to avoid _ bankruptcy.（分数：-1.00）A.impendingB.immenseC.immeasurableD.immaculate十、Section Two(总题数：0，分数：0.00)十一、Passage One(总题数：1，分数：-1.00)Those economists who believe that long- run inflationary bias will continue do so 1 the basis of the following factors: (1) Prices and wage

22、s tend to 2 during periods of boom in a competitive economy. This tendency is reinforced by wage contracts that provide escalator clauses to keep wages in 3 with prices trod by wage increases that are sometimes greater than 4 in productivity. (2) During recessions, prices tend to remain stable 5 dec

23、rease.（分数：-1.00）A.inB.fromC.onD.atA.raiseB.riseC.expandD.blowA.contrastB.oppositeC.lineD.controlA.increasesB.decreasesC.declineD.reductionA.notB.insteadC.rather thanD.but to十二、Passage Two(总题数：1，分数：-1.00)This is because major unions have long - run contracts calling for annual wage increases no 1 wha

24、t economic conditions are at the time. The tendency of large corporations to rely on nonprice competition and to reduce output rather than cut prices “also keeps prices 2 Furthermore, if prices do decline drastically in a field, the government is likely to step in with programs to help take excess s

25、upplies 3 the market. There is little doubt that prices would decline in a severe and prolonged depression. However, government would take action to counter the resulting unemployment 4 the economy reaches such a level. 5 we no longer experience the downwind price pressure of a depression.（分数：-1.00）

26、A.questionB.reasonC.doubtD.matterA.lowB.highC.volatileD.stableA.ofB.offC.fromD.awayA.afterB.beforeC.as long asD.whenA.ThusB.SoC.Since thenD.Even so十三、Section Three(总题数：0，分数：0.00)十四、Passage One(总题数：1，分数：-1.00)If a bank negotiates a credit, it will advance money to the beneficiary on presentation of t

27、he required documents and will charge interest on the advance from the date of the advance until such time as it receives reimbursement from the issuing bank. Such negotiation advances are said to with recourse, so that, if payment is not ultimately forthcoming from the issuing bank, the negotiating

28、 bank will be able to claim repayment from the beneficiary of the advance, plus interest.（分数：-0.99）(1).The negotiation of a credit means that the beneficiary can get the money at some future date.（分数：-0.33）A.RightB.WrongC.Doesn“t say(2).The beneficiary will have to pay interest for the advance money

29、 provided unconditionally by the bank if it negotiates a credit.（分数：-0.33）A.RightB.WrongC.Doesn“t say(3).Where a bank negotiates a credit and makes advance payment to the beneficiary, the negotiation advances are without recourse.（分数：-0.33）A.RightB.WrongC.Doesn“t say十五、Passage Two(总题数：1，分数：-1.00)The

30、 term “acceptance“ can only apply when the credit calls for usance bills (term bills), i.e. bills of exchange payable at a specified time “after acceptance by the drawee. And bills should be drawn on a bank. “File acceptance credit is also referred to ms a “term credit“ or “usance credit“, which mea

31、ns that the seller draws a draft on the nominated bank demanding payment at some that is, the corporation must pay all its mature debt holders before it pays its equity holder. The advantage of holding equities is that equity holders benefit directly from any increase in the corporation“s profitabil

32、ity or asset value because equities confer ownership rights on the equity holders. Debt holders do not share in this benefit because their dollar payments are fixed.（分数：-1.00）(1).A firm or an individual can raise funds _.（分数：-0.20）A.by borrowing from banks.B.by issuing a debt instrument.C.by issuing

33、 equities.D.All of the above.(2).A bond is long- term if its maturity is _.（分数：-0.20）A.between one and ten years.B.is less than a year.C.ten years or longer.D.within 20 years.(3).Common stock refers to _.（分数：-0.20）A.claims to share in the net income of a business.B.preferred stock.C.claims to share

34、in the net income anti the assets of a business.D.claims to dividends.(4).That “Equity holder“ is “a residual claimant“ means _.（分数：-0.20）A.the corporation must pay its equity holder only after paying its mature debt holders.B.the equity holder enjoys the privilege of being paid first.C.the equity h

35、older will be neglected.D.the equity holder will be looked down upon.(5).Holding a firm“s equities is advantageous than owning its debts in that _.（分数：-0.20）A.debt holders share the benefit of any profit increase of the firm.B.equity holders benefit directly from any increase of the profitability or

36、 asset value of the firm.C.equities give ownership rights to the equity holders.D.Both B and C二十、Passage Three(总题数：1，分数：-1.00)A primary market is a financial market in which new issues of a security, such as a bond or a stock, are sold to initial buyers by the corporation or government agency borrow

37、ing the funds. A secondary market is a financial market in which securities that have been previously issued (and are thus secondhand) can be sold. The primary markets for securities are not well known to the public because the selling of securities to initial buyers takes place behind closed doors,

38、 gal important financial institution that assists in the initial sale of securities in the primary market is the investment bank It does this by underwriting securities, that is, it guarantees a price for a corporation“s securities and then sells them to tile public. The New York Stock Exchange (NYS

39、E), in which previously issued stocks are, traded, is the best - known example of secondary markets, although the bond markets, in which previously issued bonds of major corporations and the U.S. government are bought and sold, actually have a larger trading volume. Other examples of secondary marke

40、ts are foreign exchange markets, futures markets, and options markets. Securities brokers and dealers are crucial to a well - functioning secondary market. Brokers are agents of investors who match buyers with sellers of securities; dealers link buyers and sellers by buying and selling securities at

41、 stated prices.（分数：-1.00）(1).A primary market is _.（分数：-0.20）A.a financial market where new issues of a security are resold public to initial buyers.B.a financial market where previously traded securities are sold to initial buyers.C.a financial market where new securities are sold to initial buyers

42、 behind closed doers.D.a financial market in which securities are resold to initial buyers behind closed doors.(2).A secondary market is _.（分数：-0.20）A.informal and illegal.B.a financial market in which previously traded securities or stocks are normally resold through an investment bank.C.a financia

43、l market where previously issued stocks are resold behind the closed doors.D.a financial market in which secondhand securities are resold.(3).Underwriting securities means _.（分数：-0.20）A.fixing the prices of buying and selling only.B.buying securities and selling them to public.C.being responsible fo

44、r writing the documents concerning securities.D.All of tile above.(4).Brokers are _.（分数：-0.20）A.financial intermediaries.B.agents of investors who bring together the .sellers and buyers of securities.C.agents that provide information that the buyers and sellers need to strike a bargain.D.All of the

45、above.(5).Dealers _.（分数：-0.20）A.have the same functions as brokers.B.link buyers and sellers.C.buy and sell securities at stated prices.D.Both B and C二十一、Passage Four(总题数：1，分数：-1.00)A share of stock in a firm represents ownership. A stockholder owns a percentage interest in a firm consistent with th

46、e percentage of outstanding stock held. This ownership is in contrast to a bondholder, who holds no ownership interest but is rather a creditor of the firm. Investors can earn a return from stock in one of two ways. Either the price of the stock rises over time, or the firm pays the stockholder divi

47、dends. Frequently, investors earn a return from both sources. Stock is more risky than bonds because stockholders have a lower priority than bondholders when the firm is in trouble. The returns to investors are less assured because dividends can be easily changed, and stock price increases are not g

48、uaranteed. Despite these risks, it is possible to make a great deal of money by investing in stock, whereas it is very unlikely by investing in bonds. Another distinction between stock and bonds is that stock does not mature. Ownership of stock gives the stockholder certain rights regarding the firm

49、. One is the right of a residual claimant: stockholders have a claim on all assets and income left over after all other claimants have been satisfied. If nothing is left over, they get nothing. As noted, however, it is possible to get rich as a stockholder if the firm does well. Most stockholders have the right to vote for directors and on certain issues, such as amendments to the corporate charter and whether new shares should lie issued.（分数：-1.00）(1).A stockholder _.（分数：-0.20）A.owns a p