发布时间 : 星期三 文章金融英语最新五套题及答案更新完毕开始阅读01910fa0f524ccbff121848a
Test 1
Part One Listening Section One (10%)
Directions: In this section you will hear 10 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, b, c and d, and decide which is the best answer. Now you will hear the example: She went to the bank with Mr. Smith. You will read:
A. She went home. B. She liked Mr. smith. C.She went to the bank.D.She went to Mr. Smith's house.
Statement C, \you should choose answer C. Now listen to the statements.
1. A. The central bank controls many factors that affect the success of banking supervision. B. The success of banking supervision depends on the controls of the central bank.
C. The success of banking supervision relies on many factors that are not under the control of the central bank. D. Many factors under the control of the central bank result in the success of banking supervision. 2. A. You cannot sign your name on the upper left corner that does not comply with the agreement. B. Your signature does not agree with the specimen signature on the upper left corner. C. The signature on the upper left corner is not the countersign in the
agreement. D. You cannot agree with the signature on the upper left corner. 3. A. The Chinese banks will not come to compete with the foreign banks in Renminbi business.
B. Foreign banks will be allowed to do Renminbi business which is a challenge to the Chinese banks.
C. It will be a real great challenge to the Chinese banks when the foreign banks have the right to do Renminbi business. D. In order to have real competition with the Chinese banks, foreign banks should be allowed to do Renminbi business. 4. A. I remitted the money to you after the sale of my stocks.
B. Your bank account had been credited with the remittance since I sold my shares last week. C. The money had already been credited to your account last week after I sold my shares. D. The money had not been remitted to you since I failed to sell my stocks last week.
5. A. The bank makes profits only from its own money. B. The bank makes profits not only from the deposits but also from its own money. C. The bank makes profits with special obligations to depositors. D. The bank has special obligation to make profits. 6. A. We thank you for your doing kindness to us. B. We hope you send us your check as soon as possible. C. We thank you because you provide us convenience in checking. D. You will have to pay us $50,000.
7. A. The Chinese economists made a proposal that banks' savings interest rates should further be lowered. B. The Chinese economists thought banks' savings interest rates should be improved.
C. The Chinese economists believed that banks' savings interest rates should be maintained. D. The Chinese economists suggested that banks' savings interest rates should be kept. 8. A. We are the credit holders. B. We are the bank who can encash the card.
C. We are the bank who can stop your lost card. D. We are the bank who can find your lost card.
9. A. In the foreign exchange market, exchange rates are quoted by the sellers and buyers. B. In the foreign exchange market, exchange rates are quoted by commercial banks. C. In the foreign exchange market, selling and buying of foreign exchange decide exchange rates. D. In the foreign exchange market, exchange rates are fixed by governments. 10. A. The bank has the right to charge you fees if your check has bounced.
B. The bank will not charge you any service commission even if your check returned. C. No one reserves the right to impose a service charge for returned cheques. D. The bank has the right to impose a charge for encashed cheques. Section Two (10%)
Directions: In this section, you will hear 10 short conversations. At the end of each conversation a question will be asked about what was said. The conversations and questions will be spoken only once. During the pause, you must read the four suggested answers marked a, b, c, and d, and decide which is the best answer Now you will hear :
M: Does our bank have a direct correspondent relationship with the Bradalys' Bank? W:No, we don't. So we have to advise this L/C via another bank. Q: Which of the following is right? Now you will read:
A. We can advise this L/C to the Bradlays' Bank. B. The Bradlays' Bank is our correspondent. C. The L/C has to be advised by a third bank. D. We should advise this L/C by ourselves.
From the conversation we know that we have to advise this L/C via another bank. The best answer is C. Therefore you should choose answer C.
11. A. Her account number is 60789410 B. Her account number is 60798410 C. Her account number is 60798401 D. Her account number is 60789140 12. A. in the safe B. in the drawer C. on the desk D. in the box 13. A. 1.89% B. 1.98% C. 8.19% D. none
14. A. to open an account with the bank B. to exchange money
C. to check if the remittance has arrived D. to remit some money to her brother Tony Waller
15. A. employee and boss B. broker and bank clerk C. two bank clerks D. bank clerk and customer 16. A. 8 hours B. 10 hours C. 12 hours D. 24hours
17. A. one month B. twelve months C. six months D. half a month
18. A. draw money from her account through ATM. B. write her secret code on the card. C. forget her password. D. ask somebody to pick up her card.
19. A. US$ 24,580 B. US$ 28,450 C. US$ 45,280 D. US$ 25,480
20. A. Special risks will be excluded. B. You have to pay more money for the inclusion of all risks. C. Exclusion of the special risks means more money you have to pay. D. You have to pay more premium to include a special risk. Section Three (10%)
Directions: In this section, you will hear 3 short passages. At the end of each passage you will hear some questions about what was said. The passages and questions wi1l be spoken only once. During the pause, you must read the four suggested answers marked a, b, c, and d, and decide which is the best answer Questions 21--23 are based on passage 1 21. A. three B. four C. five D. six
22. A. one-dollar bill B. five-dollar bill C. ten-dollar bill D. twenty-dollar bill 23. A. by checks and fund transfers B. by CHAPS and fund transfers C. by CHIPS and fund transfers D. by SWIFT and fund transfers Questions 24-26 are based on passage 2
24. A. They will buy houses.B. They will buy cars. C. They will postpone building a new plant. D.They will hire more workers.
25. A. because they affect consumers' willingness to spend or save.
B. because they affect businesses' investment decisions.C. because interest rates are the cost of borrowings. D. both a and b. 26. A. mortgage interest rates B. car loan rates
C. interest rates on many different types of bonds D. current interest rates Questions 27-30 are based on Passage 3
27. A. corporate B. interbank C. mortgage D. syndicate
28. A. pay all attentions to a specific area of lending B. consider someone more important than the other C. handle loan applications based on hard and fast rule D. try to build up a well-balanced loan portfolio 29. A. prudence B. profitability C. liquidity D. safety
30. A. to ensure healthy growth for the bank B. to outperform the competition in financial industry C. to make the profits D. to achieve specific business targets Part two Reading Section One (10%)
Directions: There are ten statements in this section. For each statement there are four choices marked A，B，C，D. You should choose the best answer.
31. If the lessor makes an equity investment equal to 20% of the equipment's original cost, and borrows the remaining 80% from a long-term creditor, and writes a noncancelable lease for the equipment, such lease is called a ___________. A. operating lease B. leveraged lease C. direct-financing lease D. sales-type lease
32. The interest rate for borrowing funds from inter-bank market is close to, but always slightly ____________ the rate that is available from the central bank.
A. lower than B. higher than C. as high as D. not as high as
33. ___________ is a financial market in which securities that have been previously issued can be resold. A. A primary market B. A secondary market C. A issuing market D. The capital market 34. Of the challenging issues in Internet banking, which people care most, is _________.
A. the provision of a secure platform for banking transactions
B. whether management has the creativity and vision to harness the technology C. how to deliver high-quality products for the customers' convenience
D. whether management has the ability to satisfy customers' continually changing financial needs
35. From a Chinese Bank's point of view, the currency account which it maintains abroad is known as _______, while a RMB account operated in China for a foreign bank is termed ________.
A. a vostro account; a nostro account B. a mirror account; a nostro account C. a nostro account; a vostro account D. a vostro account; a mirror account 36. If __________, such a situation is called break-even.
A. contribution margin= fixed costs B. contribution margin=total costs C. profit=expense D. sales revenue=variable cost 37. Foreign-funded enterprises may retain their export earnings if those earnings _______. A. get after SAFE approves B. will be remitted abroad C. will be invested in local area D. do not exceed the limit set by the SAFE
38. BOT is an abbreviated form of _________.
A. build-or-technology B. build-operate-transfer C. build-operate-technology D. benefit-operate-transfer
39. _________ is the foundation of private accounting, which analyzes a business's costs to help managers control expenses. A. Budgeting B. Management information system C. Internet auditing D. Cost accounting 40. Underwriting simply means that the investment banker promises to ________ the securities.
A. buy B. sell C. design D. issue Section Two (10%)
Directions: There are 10 blanks in the following passages. For each blanks there are four choices marked A, B, C, D. You should choose the best answer. Passage One
Another way of distinguishing markets is on the basis of the _____41_______of the securities in each market. The __42______ is a financial market in which only short-term debt instruments are traded. The ___43_____ is the market in which longer-term debt and equity instruments are traded. The securities in the former are usually more widely traded than those in the latter and so tend to be ____44______. In addition, short-term securities have _____45______fluctuations in prices than long-term securities, making them safer investments.
41. A. volume B. maturity C. issuing procedure D. kind
42. A. money market B. capital market C. primary market D. secondary market 43. A. money market B. capital market C. primary market D. secondary market 44.A. more solvent B. more risk C. more liquid D. safer 45. A. volatile B. violent C. wider D. smaller Passage Two
In documentary credit operations, all parties concerned deal in ___46____ and not in ____47____. The banks check exclusively on the basis of documents ___48____to them to see whether the terms of the credit have been fulfilled. They are ____49_____to verify whether the goods supplied actually agree with those specified in the credit, ____50____differences, say, between the goods invoiced and those actually delivered, nor answerable to the buyers' complaints about these differences. It is up to the buyers and sellers to settle questionables of this nature between themselves. 46. A. goods B. credits C. documents D. contracts 47. A. goods B. credits C. documents D. contracts 48. A. delivered B. presented C. deliver D. release
49. A. responsible B. not responsible C. bound D. willing
50. A. nor liable for B. or liable for C. nor liable to D. or liable to Section Three (10%)
Directions: Read the following passages, and determine whether the sentences are \or \If there is not enough information to answer \ Passage One
New issues of common stock come into two varieties, primary distributions and secondary distributions. Primaries are sales of stock that have never been issued before. There are two types of primary distributions--initial public offering (IPOs) and additional floats of companies' stock that will dilute each shareholder's existing holding. Of the two, the latter are more common in the new issues market for equities since they involve offerings of shares of larger, more mature companies seeking additional equity capital. Secondary distributions are sales of stock that previously existed in some form or other but are too large to be accommodated on the stock exchanges. Procedures for secondaries often follow those for primaries although the offering period is much shorter and may involve a matter of hours rather than days.
The actual marketing for these issues is done by investment bankers directly to the public. On rare occasions, companies have attempted to sell their shares or bonds directly to the public, avoiding investment banking fees. Unless the company is very well known, such attempts are less than successful. The behavior of investment bankers is key to the reception of new issues and directly affects the cost of capital for a company. As a result, the choice of an investment banker is crucial for a company, and the wrong choice could affect its costs over the near term.
51. Initial public offerings (IPOs) are one of the type of primary distributions,while additional floats of companies' stock belong to secondary distributions. A.Right B.Wrong C.Doesn't say
52. Compared with additional floats of companies' stock, initial public offering
(IPOs) are more common because they involve offerings of shares larger, more mature companies seeking additional equity capital. A.Right B.Wrong C.Doesn't say
53.Both primary distributions and secondary distributions are issued in primary markets. A.Right B.Wrong C.Doesn't say
54. Few companies have attempted to see their shares or bonds directly to the public. A.Right B.Wrong C.Doesn't say Passage Two
The simplest means of transferring funds abroad is by means of the airmail remittance order. For example, a local customer of the bank wishes to send money to a relative in Japan. The local customer goes to the United States bank and specifies where and to whom the money is to be delivered. He also indicates the amount he wishes to send, for example, USD$100. The bank prepares a letter to its correspondent bank in the town nearest to where the relative lives. In this letter, the United States bank says, \and pay US dollars 100 to ( name and address ) of recipient.\name. Then it adds, \United States bank has been credited USD100 (The United states bank credits the Japanese banks due to account). 55. MT is the simplest means of transferring funds abroad. A.Right B.Wrong C.Doesn't say
56. According to the passage, the local customer of U.S. is a remitter. A.Right B.Wrong C.Doesn't say 57.The Japanese bank debits the U.S. bank's due from account. A.Right B.Wrong C.Doesn't say Passage Three
To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the
Treasury bill, which is commonly issued by the ministry of finance. However. some Treasury bills, like the Treasury bill of the U. S. government, do not actually pay interest. Instead they are issued at a discount from par (their value at maturity). The investor’s yield comes from the increase in the value of the security between the time it was purchased and the time it matures.
Treasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk. Because even if the government ran out of money it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid, A deep market is one with many different buyers and sellers. A liquid market is one in which securities can be bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they will not be able to sell their securities when they want to.
58. Treasury bills are short-term and virtually free of default risk. A.Right B.Wrong C.Doesn't say
59. As some treasury bills do not actually pay interest, they are not attractive to investors A.Right B.Wrong C.Doesn't say 60.Investors in deep and liquid markets face immense risk that they will not be able to selltheir securities when they want to. A.Right B.Wrong C.Doesn't say Section Four (20%)
Directions: There are 4 passages in this sections. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A, B, C, D. You should choose the best answer. Passage One
Since equal dollar amounts of debits and credits are entered in the accounts for every transaction recorded, the sum of the debits in the ledger must be equal to the sum of all the credits. If the computation of account balances has been accurate, it follows that the total of the accounts with debit balances must be equal to the total of the accounts with credit balances.
Before using the account balances to prepare financial statements, it is desirable to prove that the total of accounts with debit balances is in fact equal to the total of accounts with credit balances. This proof of the equality of debit and credit balances is called a trial balances. A trial balance is a two-column schedule listing the names and balances of all the accounts in the order in which they appear in the ledger. The debit balances are listed in the left-hand column and the credit balances in the right-column. The totals of the two columns should agree.
The trial balance provides proof that the ledger is in balance. The agreement of the debit and credit totals of the trial balance gives assurance that:
1. Equal debits and credits have been recorded for all transactions.
2. The debit or credit balance of each account has been correctly computed.
3. The addition of the account balances in the trial balance has been correctly performed.
Suppose that the debit and credit totals of the trial balance do not agree. This situation indicates that one or more errors have been made. Typical of such errors are (1) the entering of a debit as a credit or vice verse; (2) arithmetical mistakes in balancing accounts; (3) clerical errors in copying account balances into the trial balance; (4) listing a debit balance in the credit column of the trial balance, or vice verse; and (5) errors in addition of the trial balance.
The preparation of a trial balance does not prove that transactions have been correctly analyzed and recorded in the proper accounts. If, for example, a receipt of cash were not be disclosed by the trial balance. In brief, the trial balance proves only one respect of the ledger, and that is the equality of debit and credits.
61. A trial balance is a two-column schedule listing the names and balances of all the accounts to prove _______________. A. the agreement of the debit and credit totals B. the order in which they appear in the ledger
C. the equality of account balances of financial statements D. the order in which they appear in the recording 62. Unless __________, the totals of the debit and credit of trial balance should agree. A. the debit or credit balance of each amount has been correctly computed B. debits and credits have been recorded correctly for all transactions C. unequal debits and credits have been recorded for all transactions
D. the addition of the account balance in the trial balances has been correctly performed 63.If ____________, the debit and credit totals of the trial balance do not agree.
A. mistakes appear in computing balancing accounts B. a credit is entered as a debit C. a credit balance is listed in the debit column D. All of the above
64. If a payment of cash is recorded by ________, the trial balance would still balance. A. crediting the Account Payable account B. debiting the cash account
C. debiting the Account Receivable account D. debiting the land account
65. A trial balance is a working paper which is intended ___________. A. for distribution to various outsiders B. to prepare financial statements C. for distribution to various accountants D. to prepare ledger accounts Passage Two
Insurance is almost as important to business as banking. It works quite simply by spreading over a large number of people, the costs or the losses which otherwise would fall on the few who actually suffer them.
Fire, for instance, normally damages only a few businesses each year but almost all companies buy insurance to protect themselves against it. What happens is that most companies pay regular small amounts of money, called the premium to insurance groups and so a large fund of money builds up. Then the few who have suffered fires claim the cost of the damages. After investigation, the claims are paid out by the insurance companies.
For the operation to work, insurance companies have to calculate what is the chance or probability of certain events happening, and what the cost of making accidents good will be, and how many people will pay, what rates, to have protection. Premiums are fixed in proportion to the risk involved.