[外语类试卷]现代金融业务（综合）模拟试卷3及答案与解析.doc

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1、现代金融业务（综合）模拟试卷 3及答案与解析 单句理解 （ A） Banks current base rates are higher than those on small deposits. （ B） Banks current base rates are lower than those on small deposits. （ C） Banks current base rates are not floating rates. （ D） Banks current base rates are usually floating rates. （ A） Investors can

2、cope with any problems they may meet. （ B） Investors cant cope with problems when they meet with difficulty. （ C） Investors can cope with some investment problems by confining their investments to those that involve only modest risk. （ D） Investors can cope with easy problems. （ A） the income statem

3、ent （ B） the balance sheet （ C） the financial statement （ D） the statement of cash flow （ A） Each month the cardholder receives a statement and the amount of all the transactions. （ B） Each month the bank gives the cardholder a statement showing the total amount outstanding. （ C） Each month the bank

4、 gives the cardholder a statement showing the compound interest. （ D） Each month the bank gives the cardholder a statement showing any minimum amount that needs to be paid. （ A） People are discouraged to do business with a lower discount rate. （ B） People are encouraged to borrow more money if the d

5、iscount rate is lowered. （ C） People are encouraged to borrow more money if the discount rate is raised. （ D） People are discouraged to borrow less money with a lower discount rate. （ A） Smart card is light but can resist shock. （ B） Smart card is convenient, safe and durable. （ C） Smart card is the

6、 exact size of a credit card. （ D） Smart card contains a computer with as much power as the original minicomputer. （ A） If a drawee is bankrupt, presentment may be made to his trustee. （ B） If a drawee is bankrupt, presentment can not be made to him. （ C） If a drawee is bankrupt, presentment can not

7、 be made to his assignee. （ D） If a drawee is bankrupt, presentment must be made to his trustee. （ A） A bill can not be accepted after it has been dishonored by a previous refusal to accept. （ B） If a bill has been dishonored by non-payment, it may not be accepted by another person. （ C） If a bill h

8、as been dishonored by a previous refusal to accept, it may be accepted by another person. （ D） A bill can not be accepted after it has been dishonored by non-payment. （ A） A cheque can be accepted by the bank on which it is drawn. （ B） A bill can not be accepted by the bank on which it is drawn. （ C

9、） The rules relating to acceptance of bills are not applicable to cheques. （ D） The rules relating to acceptance of bills are applicable to cheques. （ A） Once the title documents are entrusted, the goods are at the disposal of the collecting bank. （ B） The title documents enable the remitting bank t

10、o dispose the goods according to the instruction given in the collection order. （ C） The title documents are usually issued by the drawee. （ D） In spite of the possession of the title documents, the bank can not deal with the goods without the allowance of the drawer. 对话理解 （ A） In order to avoid pro

11、blems arising from fluctuations of exchange rate. （ B） In order to get more money. （ C） In order to use the money as soon as possible. （ D） In order to overdraw the money. （ A） Immediate payment. （ B） Deferred payment. （ C） Invoice. （ D） US $1,000. （ A） Cashiers. （ B） Savings certificate. （ C） Cash

12、letters of credit. （ D） Certified cheeks. （ A） Interbank lending. （ B） Cheek clearance. （ C） Electronic fund transfer. （ D） Borrowing ability. （ A） The banks base rate is fixed. （ B） The rate on demand deposits is low. （ C） The rate on demand deposits is high. （ D） The banks base rate is floating. （

13、 A） Because of the prudence concept. （ B） Because of the materiality concept. （ C） Because of the matching principle. （ D） Because of the Dual Aspects Concept. （ A） Canadian dollars. （ B） British Pounds. （ C） U.S. dollars. （ D） H.K. dollars. （ A） How to present the bill for payment. （ B） The present

14、ation of bills for payment. （ C） The solution to the injured drawer. （ D） The payment of the cheque. （ A） On every business day. （ B） On Tuesday. （ C） On Wednesday. （ D） On the following business day. （ A） The sales slips are not important. （ B） The sales slips show the amount of the sale. （ C） The

15、sales slips perform important functions in the bankcard transactions. （ D） The sales slips contain the details of the card. 短文理解 （ A） Dealers in foreign exchange. （ B） Dealers in government bonds. （ C） Dealers in IPO. （ D） Dealers in government uses funds for its raw materials labor, and recovers fu

16、nds, hopefully in excess of the amount. The raw materials purchased are funds instead of steel, clothing, or groceries. As in non-financial business a band managements basic objective should be to maximize the value of the owners investment in the bank. Useful information on the appropriate tradeoff

17、s between made and risks taken is obtained from relatively efficient markets for most publicly held banks. The management of smaller banks seeks to achieve the highest returns for the risk level deemed appropriate by the shareholders. 58 The recovery of funds of a commercial bank is ideally managed

18、on a parallel with its expenditure. （ A） Right （ B） Wrong （ C） Doesnt say 59 A commercial bank should try its best to increase the profits of its creditor and ownership sources. （ A） Right （ B） Wrong （ C） Doesnt say 60 Relatively efficient market can usually provide information on the credit worthin

19、ess of a commercial bank. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 Most commercial letters of credit are documentary, meaning that certain documents must be included with any drafts drawn under the terms of the credit. Documents required usually include an order bill of lading, a commercial i

20、nvoice, and any of the following: consular invoice, insurance certificate or policy, certificate of origin, weight list, packing list. The first is the standby letter of credit, in which the issuing bank undertakes to pay if the applicant does not carry out his obligations. Documents normally called

21、 for are evidences of the underlying transaction, such as non-negotiable copies of bills of lading, or third partys certificate certifying the non-payment by the applicant. The second is the indemnity for minor discrepancies in the documents given to the shipping company so that the issuing bank may

22、 make payment or the shipping company may release goods to the applicant. 61 According to the passage, a documentary letter of credit is one which _. （ A） includes any drafts （ B） includes drafts accompanied by invoice, bill of lading and other documents （ C） is accompanied by invoices, bill of ladi

23、ng and other documents （ D） is accompanied by drafts as well as insurance policy and commercial invoices 62 A clean credit is one which _. （ A） calls for no presentation of it （ B） is used instead of first demand guarantee （ C） is used without presentation of any documents （ D） is the same as an unc

24、onditional first demand guarantee 63 Under a standby letter of credit, _. （ A） evidences of the underlying transaction should be filed first （ B） the applicant may be exempted from any liabilities （ C） the issuing bank has to pay the beneficiary （ D） the issuing bank should pay when the applicant fa

25、ils to fulfill his obligations 64 The indemnity may be _. （ A） used whenever there are discrepancies in the documents （ B） presented when the shipping company intends to release the goods to the applicant （ C） presented to the issuing bank of the L/C under which there are unimportant discrepancies i

26、n the documents （ D） used in lieu of shipping documents 65 Standby letters of credit are relatives of documentary letters of credit because _. （ A） they are very similar to ordinary letters of credit in operation （ B） the issuing banks undertake to pay （ C） they are normally accompanied by evidences

27、 of transactions such as non-negotiable copies of B/L or other documents （ D） they call for all kinds of normal documents 65 Bankers acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not have other credit arrangements will first obtain

28、a letter of credit from its own bank. The letter will authorize the foreign seller to draw a draft on the companys bank. It can be made payable on sight, that is, upon presentation, payable upon arrival of merchandise, or payable in a fixed number of days. A draft can be made payable in, say, 30 day

29、s after it is presented to the bank against which it is drawn. This draft can be discounted at the sellers bank so that the seller receives immediate payment. If this is done, the draft can be sent through correspondent banks back to the domestic bank against which it is drawn. The domestic bank can

30、 buy the draft, a short-term loan agreement to be paid by the company buying the goods abroad. This action would tie up bank funds. Alternatively, the bank can stamp the draft “accepted“ with the appropriate signature, thereby indicating that the bank guarantees the draft, and then sell it in the se

31、condary market. 66 What gives rise to the bankers acceptances? （ A） The money markets. （ B） The banks. （ C） The international trade. （ D） The buying and selling of goods. 67 What will a foreign seller do when he gets the letter of credit from the buyer? （ A） He will draw a bill of exchange on the bu

32、yers bank. （ B） He will sell it and get money at once. （ C） He will make payable on demand. （ D） He will authorize the company to make the payment. 68 How can the seller receive immediate payment if the draft is made payable on a future date? （ A） He can send the draft to the correspondent bank for

33、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. 69 What will the buyer do if his bank buys the draft for him? （ A） He will open a letter of c

34、redit. （ B） He will repay the bank a short-term loan. （ C） He will buy back the draft. （ D） He will return the money to the seller. 70 What will happen if a draft is stamped “accepted“ by a bank? （ A） The bank will sell it as soon as possible to the buyer. （ B） The draft will become money market fun

35、ds. （ C） Dealers will buy it in the domestic market. （ D） The draft becomes a bankers acceptance and will be sold in the money market. 70 Futures are used for three purposes; hedging, speculating and arbitraging. This passage is only concerned with hedging, but it should be noted that speculators an

36、d arbitrageurs play a particularly important role in the market. It is largely the speculators who take on the risks that the hedgers seek to shed, while the arbitrageurs, by ensuring that futures prices constantly stay in line with other markets, give both hedgers and speculators the confidence tha

37、t they are doing their deals at the right price. The volume of deals for arbitrage and speculation purposes is much higher than that for hedging purposes. This is similar to the foreign exchange markets, where it has been estimated that, the foreign exchange business needed in any one year for comme

38、rce and tourism is all done by 11 a.m. on 2, January, while the rest of the year is taken up with speculating and arbitraging. However, the purpose of the futures markets and what makes them different from a simple gambling ring in the eyes of the law, is to provide a service to those commercial ent

39、erprises which seek to hedge their risks. It is their money which drives much larger volume of other transactions and not the other way round. You might have expected, as is certainly the case in most other financial markets, that big institutions would be more ready and able than small individuals

40、to shoulder the risks involved in dealing speculatively in futures. However, futures markets are exceptional in this regard. In contrast to other financial markets, which are dominated by big institutions, or at least by fairly sizeable firms, the lifeblood of a successful futures market is its “loc

41、als“ independent firms of only a few individuals trading for their own account. It is these quick-witted, aggressive and generally rather blunt-spoken individuals, viewed usually by outsiders with the utmost mistrust, who take the risks that others use the futures market to shed, and provide the mar

42、kets with the liquidity without which they would he dead. The single reason why Chicago took off as a financial futures market where others lagged behind is that the CBOT and IMM already had a large pool of locals ready to turn their hand from soya beans to long bonds and provide the new contracts w

43、ith risk-taking capacity. 71 According to the passage, the main purposes of futures contracts are _. （ A） to hedge （ B） to speculate （ C） to arbitrage （ D） all of the above 72 Arbitrageurs in the futures markets are those people who _. （ A） take on the risks that hedgers want to shed （ B） seek to he

44、dge their risks （ C） make the futures prices move in accordance with other markets （ D） all of the above 73 Which of the following statements is true? （ A） The volume of deals for hedging purposes is much higher than that for arbitraging and speculative purposes. （ B） The foreign exchange business f

45、or commerce and tourism must be done before 11a.m.on 2 January. （ C） It is hedgers money that drives much larger volume of other transactions. （ D） None of the above. 74 The lifeblood of a successful futures market is _. （ A） big institutions responsible for their own risks （ B） fairly sizeable firm

46、s （ C） independent firms of a few individuals trading for their own account （ D） none of the above 75 The best title for the passage can he _. （ A） What Are Futures Used for （ B） Who Are the Arbitrageurs, Speculators and Hedgers （ C） How to Hedge Risks （ D） How to Trade in Futures Market 五、写作 76 For

47、eign exchange markets provide services for international investors or financiers such as forward transactions and foreign currency futures to eliminate certain risks. 77 The central bank usually acts as a lender of last resort to protect commercial banks against a temporary liquidity drain. 78 The r

48、eform of Chinese foreign exchange system accelerated in 1994 with the introduction of conditional current account convertibility, unification of exchange market and adoption of a market-based managed floating exchange rate. 79 In services like fund transfer, clearing, trust and factoring, banks act

49、as agents for their principals-the clients. 80 Describe the procedures of factoring according to the numbers given in the following charter. Write your answer on the ANSWER SHEET. 81 Write a bank letter according to the following requirements. Write your answer on the ANSWER SHEET. 你所在银行收到伦敦的 GGG银行 2008年 5月寄来的请求建立代理关系的信件，但考虑到两国之间目前有限的贸易量，仅凭已建有代理关系的 H市 ABC行已能完全应付，因此婉拒请求。 现代金融业务（综合）模拟试卷 3答案与解析 单句理解 1 【听力原文】 The interest rates on these small deposits are usually floating rates, and they are usually 2%- 5% below the banks