现代金融业务(综合)-13及答案解析.doc

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1、现代金融业务(综合)-13 及答案解析(总分：78.00，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：1，分数：5.00)(1).A. Lending covenants now are often made at compound interest.B. Lending transactions now are often made at compound interest.C. Lending decisions now are often made at compound interest.D. Lend

2、ing proposals now are often made at compound interest.（分数：1.00）A.B.C.D.(2).A. Assuming inappropriately large financial risk can cause investors to lose sleep.B. Financial risk will not cause investors to lose sleep.C. Seeking to maximize profits appropriately can cause investors to lose sleep.D. No

3、matter how much they earn, the investors will lose sleep.（分数：1.00）A.B.C.D.(3).A. We are the credit card holders.B. We are the bank who can encash the card.C. We are the credit card company.D. We stopped your card losing.（分数：1.00）A.B.C.D.(4).A. A bank or insurance company issues an advance payment bo

4、nd.B. A bank or insurance company issues a tender bond.C. A bank or insurance company issues a maintenance bond.D. A bank or insurance company issues a performance bond.（分数：1.00）A.B.C.D.(5).A. There is a higher rate of interest on deposit account.B. There is a higher rate of interest on savings acco

5、unt.C. The rate of interest on deposit accounts is always much higher than that on savings accounts.D. The rate of interest on deposit accounts is usually much lower than that on savings accounts.（分数：1.00）A.B.C.D.三、Section Two(总题数：1，分数：5.00)(1).A. Stipulating the rate of interest.B. Stipulating the

6、repayment date.C. Stipulating the amount and timing of any periodic cash interest payments.D. Stipulating the financial sponsor.（分数：1.00）A.B.C.D.(2).A. At the exchange desk. B. On the board.C. On the desk. D. On the notebook.（分数：1.00）A.B.C.D.(3).A. He will provide investment service. B. He will help

7、 the customers.C. He will join the commercial bank. D. He will purchase or sell securities.（分数：1.00）A.B.C.D.(4).A. Adequate liquidity. B. Insufficient liquidity.C. Increasing liabilities. D. Converting assets.（分数：1.00）A.B.C.D.(5).A. The banks will disapprove them. B. The banks will approve them.C. T

8、he Bank will benefit from the loans. D. The bank will make profit from lending.（分数：1.00）A.B.C.D.四、Section Three(总题数：0，分数：0.00)五、Passage One(总题数：1，分数：3.00)(1).A. almost the same one B. rather differentC. a little different D. doesnt mention（分数：1.00）A.B.C.D.(2).A. The issuing bank will charge a fee fo

9、r giving a standby credit letter.B. The issuing bank will charge no fees for giving a standby credit letter.C. The issuing bank will amend the standby credit letter if appropriate.D. The issuing bank will revoke the standby credit letter if appropriate.（分数：1.00）A.B.C.D.(3).A. The service fee is abou

10、t 1 percent of the amount of credit involved.B. Its almost impossible for the issuer to honor the payment after analyzing the financial condition of the customer.C. The issuing banks must carry reserve requirements for the guarantee.D. The issuer of the credit guarantee will never be called upon to

11、make payment.（分数：1.00）A.B.C.D.六、Passage Two(总题数：1，分数：3.00)(1).A. The money markets. B. The banks.C. The international trade. D. The buying of goods in the markets.（分数：1.00）A.B.C.D.(2).A. 13 days B. 30 days C. 33 days D. 23 days（分数：1.00）A.B.C.D.(3).A. He can send the draft to the correspondent bank f

12、or immediate payment.B. He can present it to the bank against which it is drawn for payment.C. He can ask the buyer to pay the money.D. He can discount the draft at his bank and get money immediately.（分数：1.00）A.B.C.D.七、Passage Three(总题数：1，分数：4.00)(1).A. bill of lading B. documentary letterC. letter

13、of credit D. insurance document（分数：1.00）A.B.C.D.(2).A. Dollar against Pound B. document against paymentC. delivery after payment D. dollar in payment（分数：1.00）A.B.C.D.(3).A. By paying or accepting the bill of exchange.B. By paying in cash.C. By opening a letter of credit.D. By showing the bill of lad

14、ing.（分数：1.00）A.B.C.D.(4).A. the exporter B. the importerC. the exporters bank D. the importers bank（分数：1.00）A.B.C.D.八、Part Two Reading(总题数：0，分数：0.00)九、Section One(总题数：1，分数：5.00)A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of exporter. It is a guarantee to the bu

15、yer that the exporter will fulfill his contractual obligations. If these obligations are not fulfilled, the guarantor undertakes to pay a sum of money to the buyer in compensation. This sum of money can be anything from 1% to 100% of the contract value.If the bond is issued by a bank, then the expor

16、ter is asked to sign a counter indemnity which authorizes the bank to debit his account with any money paid out under the bond.Bonds are usually serried in connection with overseas contracts, or with the supply of capital goods and services. When there is a buyers market, the provision of a bond can

17、 be made an essential condition for the granting of the contract. Middle Eastern countries commonly require bonds, but nowadays many other countries also require them. Most international aid agencies, such as the World Bank or the European Development Fund, and most government purchasing organizatio

18、ns in the developing world, now require bonds from sellers.（分数：5.00）(1).Before a bank issues a bond for the exporter, the issuer and the applicant should have some kind of agreement in _ form.A. verbal B. written. C. bond D. L/C（分数：1.00）A.B.C.D.(2).When the supply for a certain service is less than

19、the demand on the market, the requirement by the importer to get a bond is much _.A. easier B. more difficult C. more happier D. the same（分数：1.00）A.B.C.D.(3).Under the bond terms in international business, if the exporter fails to fulfill its obligations, the compensation should be paid by _.A. the

20、importers bank B. the exporters bankC. the collecting bank D. the negotiating bank（分数：1.00）A.B.C.D.(4).Bonds are commonly used in the Middle East area, so _.A. the Middle East banks often issue bondsB. the Middle East exporters often demand bondsC. the Middle East insurance companies often issue bon

21、dsD. none of the above three is correct（分数：1.00）A.B.C.D.(5).Under the bond terms in international business, after the bank has paid the necessary compensation, it will make an entry to his customers account on the _ side.A. debit B. credit C. assets D. liabilities（分数：1.00）A.B.C.D.十、Section Two(总题数：8

22、，分数：8.00)1.Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets are called _.A. long-term trust B. long-term liabilitiesC. current liabilities D. current investment（分数：1.00）A.B.C.D.2.The cost-volume-profit (C-V-P) analysis can be u

23、sed in making decisions about _ and so on.A. selling prices B. production volumeC. levels of discretionary fixed costs D. all the three above（分数：1.00）A.B.C.D.3.Which of the following is not among the generally accepted accounting principles?A. Cash basis. B. Prudence. C. Consistency. D. Going concer

24、n.（分数：1.00）A.B.C.D.4.To whom is an endorser liable if the bill of exchange is dishonored?A. the payee B. the drawerC. a previous endorser D. a subsequent endorser or holder（分数：1.00）A.B.C.D.5.The money market is a dealer market where, over the telephone or through electronic systems, _.A. a broker re

25、ceives commission to act as an agentB. the investors are trading on a central trading floorC. firms buy and sell securities in their own accounts, at their own riskD. individual investors can trade on the exchange（分数：1.00）A.B.C.D.6.A major problem with a fixed exchange rate system is that when count

26、ries run foreign trade deficits, _.A. there is no self-correcting mechanismB. currency values become unstableC. the value of the reserve currency declinesD. world inflation increases（分数：1.00）A.B.C.D.7.The available resources for the IMF to finance lending are _.A. gold reserves B. quotasC. currencie

27、s of strong economies D. all of the above（分数：1.00）A.B.C.D.8.From the point of view of a Chinese bank, _ is our banks account in the books of an overseas bank, denominated in foreign currency.A. a vostro account B. a nostro accountC. a mirror account D. a record account（分数：1.00）A.B.C.D.十一、Section Thr

28、ee(总题数：0，分数：0.00)十二、Passage One(总题数：1，分数：5.00)In order to (56) foreign exchange administration, maintain strong balance of payments position, China (57) the Regulations on Foreign Exchange Administration on January 29,1996. The State Administration of Foreign Exchange is the agency responsible for f

29、oreign exchange administration. The SAFE has a similar branch structure with that of the Peoples Bank of China, Chinas central bank. The Bank of China (58) the principal foreign exchange bank. Other banks and financial institutions, (59) affiliates of non-resident banks, (60) designed transactions w

30、ith the approval of the SAFE.（分数：5.00）(1).A. develop B. improve C. change D. conduct（分数：1.00）A.B.C.D.(2).A. declared B. abandoned C. drafted D. promulgated（分数：1.00）A.B.C.D.(3).A. remains B. becomes C. appoints D. will be（分数：1.00）A.B.C.D.(4).A. containing B. including C. involving D. covering（分数：1.00

31、）A.B.C.D.(5).A. may handle B. can deal C. must conduct D. are ordered to（分数：1.00）A.B.C.D.十三、Passage Two(总题数：1，分数：5.00)On the balance sheet, assets and liabilities are classified as either (61) or long-term to indicate their relative liquidity. Liquidity is a (62) of how quickly an item may be conver

32、ted to cash. Therefore, (63) is the most liquid asset. Accounts receivable are a (64) liquid asset because the business expects to collect the amount in cash in the near future. (65) are less liquid than accounts receivable, and furniture and buildings are even less so.（分数：5.00）(1).A. short-term B.

33、current C. circulating D. futures（分数：1.00）A.B.C.D.(2).A. item B. measure C. means D. way（分数：1.00）A.B.C.D.(3).A. draft B. checkC. cash D. certificates of deposit（分数：1.00）A.B.C.D.(4).A. relatively B. highly C. primarily D. originally（分数：1.00）A.B.C.D.(5).A. Facilities B. Commodities C. Devices D. Suppl

34、ies（分数：1.00）A.B.C.D.十四、Section Four(总题数：0，分数：0.00)十五、Passage One(总题数：1，分数：4.00)The BIS is the central bankers central bank. It is very discreet, and very influential. It was founded in 1930 to act as a trustee for the loans associated with the Young Plan for Germany Reparations. The first members of

35、 the bank were the central banks of Belgium, France, Germany, Italy, Japan and the United Kingdom, together with three private U. S. banks. The Federal Reserve Bank subsequently became a member alone with all the major European central banks. Current membership consists of 30 central banks, of which

36、 25 are European plus the United States, Canada, Australia, and South Africa. (The BIS was unique in having Alhania and South Africa as co-member. ) The board of directors is composed of the governors of the central banks of Belgium, France, Germany, Italy, and the United Kingdom, together with co-o

37、pted directors from among the governors of those member central banks that do not have a representative on the board.The BIS has three main functions. It acts as a bank, primarily as a central bankers bank; it acts as a gathering place for central hankers, a vehicle for international monetary cooper

38、ation; and it acts as trustee for various international loans. The BISs role as an intermediary provides a number of advantages to other central banks. The first is anonymity : sometimes it is not convenient for a central bank to be seen to withdraw its funds from the market. The second is risk spre

39、ading: a deposit with the BIS is very safe since the bank is highly liquid. Finally, deposits placed with the BIS can usually be withdrawn at very short notice.（分数：4.00）(1).Albania and South Africa share a seat in the BIS.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.(2).Each governor of the central

40、 banks of all member countries are on the board of directors of the BIS.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.(3).As a central bankers bank, BIS holds routine meetings to coordinate activities for international Monetary understanding.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.(4).As a tru

41、stee for various international loans, the BIS is very careful and considerate of its customers interests.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.十六、Passage Two(总题数：1，分数：3.00)The handy ATM/debit card youve packed for your big overseas vacation may be packed with fees. Many banks charge fees whe

42、never a customer uses an ATM/debit card outside the United States. Debit cards, such as the Visa Check Card and MasterCard Money, are linked to a cardholders checking account and can be used for purchases and to withdraw money from overseas ATMs. Foreign-fee double whammy.Most banks zap customers wi

43、th USD1.50 to USD5 fees for using overseas ATMs. And now some major banks are charging customers 2-percent fees for each debit card purchase made while traveling abroad. These new fees come on top of 1 percent fees long charged by Visa and MasterCard for transactions involving foreign currency.“If y

44、our bank is adding 2 percent its simply because they see it as a way of getting extra money out of you,“ says Ed Perkins, a nationally syndicated travel columnist and consumer advocate. “By the time your bank gets the charge its already in dollars. “ When you make a purchase with a credit card or de

45、bit card, you pay an overseas merchant in local currency. But the charge that shows up on your credit card bill or bank statement is in US dollars.（分数：3.00）(1).When youre paying for your meal in Swiss francs, your bank statement will list the cost of your dinner in US dollars.A. Right B. Wrong C. Do

46、esnt say（分数：1.00）A.B.C.(2).When you make a purchase with a credit card or debit card, you pay an overseas merchant in local currency.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.(3).Many banks charge fees whenever a customer uses an ATM/debit card inside the United States.A. Right B. Wrong C. Doesn

47、t say（分数：1.00）A.B.C.十七、Passage Three(总题数：1，分数：3.00)Assets are the economic resources of the business that can be usefully expressed in monetary terms. Liabilities, or creditors, equity, are the obligations, or debts, that the firm must pay in money or services at some time in the future. They theref

48、ore represent creditors claims on the assets of the firm. The owners interest is equal to the net assets of the business, which is defined as the difference between the assets and liabilities. Thus, owners equity is the residual claim-a claim to the assets remaining after the debt to creditors has b

49、een discharged.（分数：3.00）(1).Assets and liabilities of a firm are both shown on the firms balance sheet.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.(2).The equity amount of a balance sheet is the creditors claims on the firm.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.(3).Expenses of a firm should be shown on the firms income statement.A. Right B. Wrong C. Doesnt say（分数：1.00）A.B.C.十八、Part Three Writing(总题数：0，分数：0.00)十九、Section One(总题数：4，分数：8.00)9.Foreign exchange markets provide services for interna