现代金融业务（综合）模拟试卷5 (题后含答案及解析)
题型有：1. 听力 2. 单项选择题 3. 完形填空 4. 判断正误 5. 阅读理解 6. 写作
听力
单句理解
听力原文：For one full year when the full principal plus interest is paid together, compound interest and simple interest yield the same dollar amount.
1．
A．If the time period of the loan is one year, the simple interest and compound interest are the same.
B．If the time period of the loan is the same, the simple interest and compound interest are the same.
C．When the full principal plus interest is paid together, compound interest and simple interest are of the same dollar amount.
D．When the full principal plus interest is paid together, compound interest and simple interest are not of the same dollar amount.
正确答案：A
解析：单句意思为“当本金和利息整整一年才一起支付时，复利计息和单利计息的数额一样”。
听力原文：Commercial banks are mainly to provide short-term loans for the capital market with the acquired deposits and the funds from other channels.
2．
A．Commercial banks mainly provide short-term loans for the capital market. B．The capital market mainly depends on the acquired deposits and the funds from other channels.
C．Short-term loans are mainly from the acquired deposits and the funds from other channels.
D．Commercial banks mainly depend on the capital market for deposits and the funds.
正确答案：A 解析：单句意思为“商业银行主要是利用其所拥有的存款及通过其他渠道获得的资金来源为资本市场提供短期贷款。”
听力原文：What is it called if a letter of credit is issued for guarantee of performance rather than payment?
3．
A．Back-to-back credit. B．Reciprocal credit. C．Documentary credit. D．Stand-by credit.
正确答案：D 解析：单句问的是“为了确保履行协议而非真正付款的信用证称为什么信用证?”，答案应为stand-by credit，即备用信用证。back-to-back credit背对背信用证。reciprocal credit互惠信用证。documentary credit跟单信用证。
听力原文：The bank has special obligation to depositors, because it makes profits from their money as well as its own.
4．
A．The bank makes profits only from its own money.
B．The bank makes profits from not only the deposits but also its own money. C．The bank has special obligation to make profits.
D．The bank makes profits by having special obligations to depositors.
正确答案：B
解析：单句意思为“银行对于存款人担有特殊的义务，因为它的收益部分来自存款，部分来自自身的资本金。”
听力原文：Reputation risk is particularly damaging for banks since the nature of their business requires maintaining the confidence of depositors, creditors and the general marketplace.
5．
A．Depositors are usually full of confidence, but not the creditors. B．Banks should maintain the confidence of depositors and creditors. C．The nature of banks’ business particularly damages their reputation.
D．Maintaining the confidence of depositors, creditors and the general marketplace particularly damages banks’ reputation.
正确答案：B
解析：单句意思为“由于银行自身的经营特点，银行需要存款人、债权人和一般市场对银行维持信任。如果遭遇信誉风险，银行将受到毁灭性的打击。”
听力原文：When the drawer and drawee of a bill are the same person, the holder may treat the instrument either as a bill of exchange or as a promissory note.
6．
A．If both the drawer and drawee of an instrument are the same person, the instrument may be treated as a promissory note.
B．In any case, the holder can treat the instrument as a bill of exchange or a promissory note.
C．If both the drawer and drawee of an instrument are the same person, the
instrument can only he treated as a promissory note.
D．When the drawer and drawee of a bill are the same person, the holder may treat the instrument neither as a bill of exchange nor as a promissory note.
正确答案：A
解析：单句意思为“当出票人和付款人是同一人时，持票人可把此票当成汇票。”
听力原文：The signature of the payee or of his duly authorized agent is essential to the validity of an endorsement.
7．
A．The payee’s signature can make the endorsement valid.
B．The drawer’s duly authorized agent can make the endorsement valid. C．The payer’s signature can make the endorsement valid.
D．The drawee’s duly authorized agent can make the endorsement valid.
正确答案：A 解析：单句意思为“收款人或是收款人委托的代理行的签名能证实背书的有效性。”
听力原文：With a current account, your money is immediately available. 8．
A．You have to deposit your money once a month. B．You can use your money at any time you need it. C．Your money is immediately run out.
D．Your money can immediately make more money.
正确答案：B
解析：单句意思为“开立一个活期账户，你可以随时取钱。”
听力原文：The holder of credit card can buy goods against the card at any shop that has joined the scheme without cash.
9．
A．The credit card can be used at any shop without paying cash.
B．The credit card can he used at any appointed shop together with cash. C．The credit card can be used at any appointed shop without paying cash. D．The credit card can be used to withdraw any amount of cash.
正确答案：C 解析：单句意思为“此信用证的持有者可以在任何一家加盟的商店用此卡购物而无需用现金。”
听力原文：Our company will apply for a sight letter of credit for settlement instead of documentary collection.
10．
A．Our company prefers an L/C to collection.
B．Our company will apply for documentary collection.
C．Our company will apply for either documentary collection or sight letter of credit according to your advice.
D．Our company will adopt neither documentary collection nor letter of credit.
正确答案：A 解析：单句意思为“我们公司将申请即期信用证而不是跟单托收进行结算。”
对话理解
听力原文：M: Can I open a foreign currency account and convert my money into a currency which offers the highest interest?W: Yes, we can arrange that for you, but foreign currency exchange rates are subject to fluctuation and sometimes you will suffer losses.Q: What does the woman mean?
11．
A．Interest rate of a foreign currency is much higher.
B．There are risks of losing money sometimes to open a foreign currency account.
C．Foreign currencies exchange rates are relatively stable. D．It is advisable to open a foreign currency account.
正确答案：B
解析：男士是想开一个外汇账户，但女士提醒男士说外汇汇率会有波动，所以有时会 “suffer losses”。
听力原文：M: All you need to open a savings account is $20. But in order to earn reasonable interest you should maintain a balance of at least $ 2,000.W: I only have $ 200 but I’ll open an account anyway.Q: What information does the man give the woman?
12．
A．That she needs $200 to open an account. B．That savings accounts earn low interest. C．That she should not open an account.
D．That $ 2,000 will earn reasonable interest.
正确答案：D
解析：男士说开定期账户只需要二十美元，但是对方若想”earn reasonable interest”, 那账户里至少需要两千美元的余额，由此可推出选项D为正确项。
听力原文：M: Do you know some forms of bank advances?W: There are three forms: overdrafts, personal loans and mortgages.Q: Which of the following is not a form of bank advances?
13．
A．Overdrafts. B．Mortgages. C．Personal loans. D．Letter of credit.
正确答案：D
解析：对话中明确指出银行预付款有三种形式：透支，抵押和个人贷款，D项“信用证”没有提及。
听力原文：M: What about the interest rate?W: Well, the discount rate is given in accordance with the terms of the bill, time of discount, the amount, the reputation of the drawee and the drawer.Q: What are they talking about?
14．
A．The interest rate of savings account. B．The discounting rate for drafts. C．The rediscounting rate. D．The interest rate for loans.
正确答案：B
解析：根据女士的回答，贴现率是根据单据的款项、贴现的时间和数额及出票人和收票人的信誉来定的，由此可知他们谈论的是汇票的贴现率。
听力原文：M: Accounting controls refer to plans, procedures and records required for safeguarding assets and producing reliable financial accounts.W: Yes. Accounting controls are important elements of a bank’s internal control system, the soundness of which is vital for bank’s survival.Q: What are the important elements of a bank’s internal control system?
15．
A．Accounting basis. B．Cash basis accounting. C．Accounting control.
D．The chart of accounts of a bank.
正确答案：C 解析：对话谈论的是内部会计控制的问题，根据女士的话”accounting controls are important elements of a bank’s internal control system”, 可知答案为C选项。
听力原文：M: I don’t know why the man there said he couldn’t pay my cheque.W: Let me see. Yes. You draw your cheque in lead-pencil. It is not recognized in the bank. You should draw it in ink.Q: What is the woman’s suggestion?
16．
A．Returning the cheque.
B．Drawing the cheque in ink.
C．Drawing the cheque in lead-pencil. D．Going to the paying bank.
正确答案：B 解析：男士对他的薪金支票不能兑现感到不解，女士发现他是用铅笔开的支票，所以女士建议男士”draw it in ink”。
听力原文：M: Ms. Smith, this is Bank of China, Shanghai Branch, I would like to tell you that your draft has been duly collected. Payment will be made upon your surrendering to us the relative Provisional Receipt for Collection.W: Oh, really. I just badly want some Chinese money. It comes quite in time. Thank you very much indeed.Q: What is informed to Ms. Smith?
17．
A．The payments of her draft. B．The collection of her draft. C．The exchange of some dollars. D．The opening of her account.
正确答案：B
解析：男士通知女士说她的汇票已按时托收了。
听力原文：M: We haven’t set up correspondent relations with Standard Chartered Bank, London.W: Then we shall try to find another bank to have our letter or credit advised.Q: What do we learn from the conversation?
18．
A．Standard Chartered Bank, London is one of our correspondent banks. B．We can advise this L/C through Standard Chartered Bank, London. C．We will send the advice of the L/C directly to the beneficiary. D．Ａnother bank will be chosen as the advising bank of this L/Ｃ.
正确答案：D
解析：男士说到他们和伦敦的渣打银行没有建立业务关系，女士则说到”we shall try to find another bank to have our letter or credit advised”,故选项D正确。
听力原文：M: Would you please tell me where I can change the RMB Yuan back into US dollars?W: OK, just go to the Counter No. 16. They will do this for you.Q: Which counter can offer the service of reconversion for the customer?
19．
A．Counter No.12. B．Counter No.6. C．Counter No.15. D．Counter No.16.
正确答案：D
解析：男士是想将人民币兑换美元，女士则告之去”Counter No.16”。
听力原文：M: Can I make arrangements to open an automatic transfer account for my income tax payments?W: Yes, of course. But you need to indicate what the regular and special transfers should be and we will automatically debit your account for them each month.Q: What kind of account does the customer want to open?
20．
A．A savings account. B．A fixed account. C．A check account.
D．An automatic transfer account.
正确答案：D
解析：根据男士的话，他是想”open an automatic transfer account”，即开一个自动转账账户。
短文理解
听力原文： The Chinese currency is the Renminbi. China has maintained a unified managed floating exchange rate since January 1994. The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market. The People’ s Bank of China announces a reference rate for the Renminbi against the US dollar, the Hong Kong dollar, and the Japanese yen based on the weighted average price of foreign exchange transactions during the previous day’s trading. Daily movement of the exchange rate of the Renminbi against the US dollar in inter-bank foreign exchange market is limited to 0.3% on either side of the reference rate as announced by the PBC. The buying and selling rates of the Renminbi against the Hong Kong dollar and the Japanese yen may not deviate more than 1% on either side of the reference rate. In the case of other currencies, the deviation may not exceed 0.5% on either side of their respective rates.21. When did China begin to maintain a unified managed floating exchange rate?22.Who determines the exchange rate of the Renminbi?23.What is the deviation allowed on daily movement of the exchange rate of Renminbi against the US dollar?
21． A．1992 B．1993 C．1994 D．1995
正确答案：C 解析：录音原文提到China has maintained a unified managed floating exchange rate since January 1994，中国从1994年1月开始实行单一的有管理的浮动汇率制。
22．
A．The People’s Bank of China.
B．China Foreign Exchange Trading Center. C．Inter-bank Foreign Exchange Market.
D．The State Administration of Foreign Exchange.
正确答案：C
解析：录音原文提到The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market。
23． A．1% B．0.3% C．0.005 D．0.004
正确答案：B 解析：录音原文提到Daily movement of the exchange rate...limited to 0.3%. 在银行间外汇市场人民币对美元的汇率日变动幅度不能超过0.3%。
听力原文： At the end of the total accounting period and after all transactions have been journalized and posted, the equality of the debit and credit entries is checked by preparing a trial balance. A trial balance is a schedule that lists the titles of the accounts in the general ledger and their debit or credit balances. If the trial balance is in balance, the financial statements can be prepared. If a trial balance does not agree, it implies that an error or errors have been made. The account balances, postings and the journal entries must be checked until the error is found. A trial balance does not prove that all transactions have been recorded or that the ledger is correct. The trial balance may still agree when a transaction is not journalized, a journal entry is not posted, an entry is posted twice, incorrect accounts are used in journalizing or posting, or offsetting errors are made in recording the amount of a transaction.24. How does the accountant check the equality of the debit and credit entries?25.What is a trial balance?26.What is implied if a trial balance does not agree?
24．
A．By posting all the entries. B．By preparing a trial balance.
C．By comparing the entries on both sides. D．By recording all the entries once more.
正确答案：B
解析：录音原文提到...the equality of the debit and credit entries is checked by preparing a trial balance，故答案为B项。
25．
A．It is a schedule that lists the titles of the accounts in the general ledger and
their debit or credit balances.
B．It is the titles of the accounts in the general ledger and their debit or credit balances.
C．It is a list of the titles of the accounts in the general ledger. D．It is a schedule that makes their debit or credit balances.
正确答案：A
解析：录音原文提到A trial balance is a schedule that lists the titles of the accounts in the general ledger and their debit or credit balances. 试算平衡表列出各分类账户的总账、借方余额和贷方余额。
26．
A．The ledger is correct.
B．A journal entry is not posted.
C．An error or errors have been made. D．An entry is posted twice.
正确答案：C
解析：录音原文提到If a trial balance does not agree, it implies that an error or errors have been made. 如果试算平衡表不能平衡，就意味着错误发生。
听力原文： Banker’s acceptances are a very old form of commercial credit. They provide, in essence, a method whereby a bank may add its good name and reputation to bills of a borrower, thereby making the bills much more marketable than it would otherwise be. Specifically, the mechanics of the operation typically, work like the following. Suppose that an American exporter sells wheat to a German importer. The terms of the sale are that the German importer will pay for the wheat ninety days after it is shipped. For a variety of reasons, however, the American firm may want its money now, and not want to wait the ninety days. If so, it may issue a draft on its bank ordering the bank to pay a stipulated sum of money to the holder of the draft ninety days from now. Along with the draft, the American exporter will send the appropriate documents showing that the wheat has actually been shipped. When the bank receives the draft, together, with the documentation, it stamps “accepted” across the face of it.27. What are banker’s acceptances?28.Who is the drawee of the draft mentioned in the passage?29.What should be attached to the draft when it is presented for acceptance?30.How does the bank accept the draft?
27．
A．They are drafts issued by a bank on another bank. B．They are a very old form of commercial credit. C．They are exchange bills discounted by customers. D．They are checks cashed through the ATMs.
正确答案：B
解析：录音原文提到Banker’s acceptances are a very old form of commercial
credit。
28．
A．The German importer. B．The American exporter. C．The exporter’s bank. D．Any bank.
正确答案：C
解析：录音原文提到美国出口商不想90天后拿货款，而是想立刻拿到货款时，可以申请开出己方银行汇票要求对方银行(即进口方银行)付款。
29．
A．The appropriate documents showing that shipment has been made. B．A letter of credit issued by the buyer’s bank. C．The draft on the drawer in the foreign country.
D．The document showing that the transaction has been settled.
正确答案：A
解析：录音原文提到Along with the draft, the American exporter will...been shipped. 美国出口商将证明货物已经运输的单据和汇票一起呈交给承兑行。
30．
A．It receives the draft and examines it for its customer. B．It issues a banker’s draft to the exporter. C．It accepts the draft and makes the payment. D．It stamps “accepted” across the face of it.
正确答案：D 解析：录音原文提到When the bank receives the draft,...across the face of it. 当银行收到汇票和单据是，它将在汇票正中间标志“已承兑”字样。
单项选择题
31． When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.
A．appreciates by 12.70% B．depreciates by 14.55% C．depreciates by 12.70% D．appreciates by 14.55%
正确答案：B
解析：美元贬值，比率为(1.8500-1.6150)/1.6150=14.55%。appreciate升值。depreciate贬值。
32． A draft is like a check that can be endorsed but it isn’t a title to goods, like ______.
A．a bill of lading
B．an inspection certificate C．a certificate of origin D．an insurance certificate
正确答案：A
解析：提单(bill of lading)不是对货物所有权的证明。inspection certificate检验证书。certificate of origin原产地证书。insurance certificate保险凭证。a title to goods货物所有权。 a check that can be endorsed能被背书的支票。
33． When there is no indication of damage to the ______ , a bill of lading is said to be ______.
A．documents.., clear B．goods.., clear
C．documents.., clean D．goods.., clean
正确答案：D
解析：a bill of lading提单，提单是货物由运输公司到托运人的收据，也是准可议付单据(quasi negotiable document)。
34． The purchaser of a draft/documents presented under a straight documentary credit only has the right ______.
A．to protest the issuing bank
B．to present the drafts/documents on behalf of the beneficiary C．to purchase the beneficiary’s drafts/documents D．to present the draft/documents by himself
正确答案：B
解析：在直接跟单信用证(documentary credit)结算方式下，出票人只代表受益人(beneficiary)出票。issuing bank开证行。drafts汇票。documents单据。
35． ______ refer to the common shares issued by the companies registered in China’s mainland and traded by domestic entities or retail investors (excluding investors from Taiwan region, Hong Kong and Macau SARs) in Chinese currency.
A．A-shares B．B-shares C．H-shares D．T-bonds
正确答案：A
解析：T-bonds(Treasury bonds)国库券是由政府发行的到期日略长的证券。
36． What is the principal function of a financial system? ______. A．Production and distribution of goods and services
B．Providing a means of payment and facilitating the saving and investment process
C．Directing the flow of goods and services from producer to consumer D．None of the above
正确答案：B
解析：本题针对的是金融体系的主要功能，应该选B项，其他选项的含义都不属于这一类。
37． In London, a premium on a foreign exchange rate means ______. A．the foreign currency is dearer B．the foreign currency is cheaper
C．the foreign currency is less valuable D．it has no relevance at all
正确答案：A 解析：外汇升水(premium)意味着外汇更贵，外币升值。discount贴水。foreign exchange rate汇率。foreign currency外币。
38． The documentary collection provides the seller with a greater degree of protection than shipping on ______.
A．documentary credit
B．banker’s letter of guarantee C．banker’s draft D．open account
正确答案：D 解析：跟单托收(documentary collection)对买方的保护程度仅比四个选项中的往来账户(open account)好，比其他三个都差。documentary credit跟单信用证。banker’s letter of guarantee银行保函。banker’s draft银行汇票。
39． There are three ways in which a banker may take security for an advance: ______. (1) by lien (2) by pledge (3) by mortgage (4) by indemnity
A．(1); (2); (3) B．(1); (2); (4) C．(2); (3); (4) D．(1); (3); (4)
正确答案：A
解析：take security for an advance对贷款担保。pledge质押。lien留置权。
mortgage抵押。 indemnity赔偿，补偿。
40． The underlying purpose of accounting is to provide ______ for decision making about an economic entity.
A．commercial information B．financial information C．cash position
D．income distribution
正确答案：B
解析：会计提供财务信息。underlying purpose基本宗旨。economic entity经济实体。financial information财务信息。cash position现金头寸。income distribution收入分配。
完形填空
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 foreign exchange administration. The SAFE has a similar branch structure with that of the People’s Bank of China, China’s 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 with the approval of the SAFE.
41．
A．develop B．improve C．change D．conduct
正确答案：B
解析：improve改善，改进。improve foreign exchange administration完善外汇管理。develop发展，发扬，进步。change改变，变革。conduct引导，管理。
42．
A．declared B．abandoned C．drafted
D．promulgated
正确答案：D
解析：句意：为了加强外汇管理，保持强有力的收支平衡，中国政府于1996
年1月29日颁布了《中华人民共和国外汇管理条例》。promulgate颁布，公布(法令等)。
43．
A．remains B．becomes C．appoints D．will be
正确答案：A
解析：前面说到“国家外汇管理局拥有与中国人民银行相似的分支机构体系。”尽管如此，中国银行仍是主要的外汇业务银行。所以应选remains。
44．
A．containing B．including C．involving D．covering
正确答案：B
解析：句意：其他银行和金融机构，包括异地联营机构，也可以在得到国家外汇管理部门的许可后开展外汇业务。
45．
A．may handle B．can deal
C．must conduct D．are ordered to
正确答案：B
解析：开展业务，常用搭配是deal transactions。
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 converted 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.
46．
A．short-term B．current C．circulating
D．futures
正确答案：B
解析：句意：在资产负债表上，资产和负债被分为流动性和非流动性，以表示其相对的流动程度。short-term短期的。circulating流通的，循环的。circulating capital流动资本。
47． A．item B．measure C．means D．way
正确答案：B
解析：句意：所谓流动程度是衡量某资产变现的速度。measure测量，度量。means和way指的都是方式、方法。item条款、项目。
48． A．draft B．check C．cash
D．certificates of deposit
正确答案：C 解析：句意：因此现金是最具流动性的资产。draft汇票。check支票。certificates of deposit大额存单。
49．
A．relatively B．highly C．primarily D．originally
正确答案：A
解析：句意：应收款项也是相对流动的资产，因为企业预计在近期内收回现金。relatively相对地。highly高度地；非常地。primarily主要地，根本上。originally最初，原先。
50．
A．Facilities B．Commodities C．Devices D．Supplies
正确答案：D
解析：句意：存货比应收帐款流动性要弱，家具和建筑物的流动性就更弱。supplies(储备)物资。facilities设备，设施。commodities商品。devices设备。
判断正误
The market for large business certificates of deposit or negotiable certificates of deposit (CDs) in denominations of $100,000 or more has been active since 1961. It is a money market specializing in the sale of Marketable, interest-yielding deposit certificates with specified maturity dates, issued by four types of financial intermediaries. Domestic CDs are issued by US banks. Dollar-de- nominated CDs issued by banks outside the United States are called Euro CDs. The CDs issued by US branches of foreign banks are called Yankee CDs. Thrift CDs are the name used to designates CDs issued by domestic thrifts. The holder of a CD who wishes to exchange it for money before its maturity date will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer. There is an active secondary market in CDs centered in New York. There are approximately 25 dealers in CDs. The CD is an instrument that allows the depository intermediaries to raise funds at competitive market rates. It is called one of their managed liabilities. Since they loan out funds at their lending rates, they would normally keep their advertised prime rate above the CD rate. As noted previously, the prime rate formula that had been used by Citibank set the prime one-and-a-half percentage points above the previous three-week average of 90-day (3-month) CDs sold in the secondary market. The yield on 3-month CDs is usually higher than 3-month Treasury bills. Treasury bills have a lower default risk and exempt from state and local tax. This may explain the extent of the spread.
51． Euro CDs are the negotiable certificates of deposit denominated in European currencies issued by American hanks outside the United States.
A．Right B．Wrong
C．Doesn’t say
正确答案：B
解析：文章第一段提到Dollar-denominated CDs issued…called Euro CDs。以美元标价且由在美国本土以外的美国银行发行的大额定期存单，被称之为Eurs CDs。negotiable certificates of deposit (CDs)可转让定期存单。certificates of deposit定期存单。
52． CDs may be exchanged for money before its maturity date either in money markets or at commercial banks.
A．Right B．Wrong
C．Doesn’t say
正确答案：C
解析：文章第二段开头提到The holder of a CD…will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer。并没有提及在哪里交易。a specialized dealer专业交易者。
53． The reason why the market for large CDs has been active since 1961 may be that the yield is usually higher than Treasury bills.
A．Right B．Wrong
C．Doesn’t say
正确答案：A
解析：文章最后一段提到The yield on 3-month CDs is usually higher than 3-month Treasury bills…This may explain the extent of the spread。
The primary justification tot banking supervision is to limit the risk of loss to depositors, and by so doing to maintain public confidence in banks. And while supervision naturally focuses on the individual bank, supervisors must also be alert to the possibility that problems in one institution may have wider, systemic repercussions on others, or on the integrity of the payments system.
54． Supervisors have the obligation to save a failing bank. A．Right B．Wrong
C．Doesn’t say
正确答案：C
解析：文章开头提到银行监管的责任limit the risk of loss…confidence in banks．，并没有提及save a failing bank。
55． Supervisors usually pay more attention to the individual bank. A．Right B．Wrong
C．Doesn’t say
正确答案：A
解析：从文章第二句话And while supervision naturally focuses on the individual bank…可以看出。
56． A sound bank will not suffer from the bankruptcy of other unrelated banks. A．Right
B．Wrong
C．Doesn’t say
正确答案：C
解析：段落最后指出problems in one institution may have wider，systemic repercussions on others，or on the integrity of the payments system，并没有明确指出运营良好的银行不受其他无关银行破产的影响。
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 he 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.
57． Treasury bills are short-term and virtually free of default risk. A．Right B．Wrong
C．Doesn’t say
正确答案：A
解析：第二段提到because they are backed by…of the short term to maturity。
58． As some treasury bills do not actually pay interest, they are not attractive to investors.
A．Right B．Wrong
C．Doesn’t say
正确答案：B
解析：第二段开始明确提及Treasury bills are attractive to investors…。
59． The markets for treasury bills in most developed countries have many different buyers and sellers.
A．Right B．Wrong
C．Doesn’t say
正确答案：A
解析：第二段提及The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers，在发达国家，国库券市场层次分明，流动性强。市场层次分明是指国库券市场有大量不同类型的买主和卖主。因此该说法是正确。
60． Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.
A．Right B．Wrong
C．Doesn’t say
正确答案：B
解析：最后一句Investors in markets…when they want to。
阅读理解
Fractional reserve banking is the practice of keeping only a traction of deposits in the form of reserves. Depository institutions (commercial banks, savings and loan associations, mutual savings banks, and credit unions) are able to do this because only a small fraction of their depositors is expected to turn up during any given day or week to withdraw their deposits. The bulk of deposits is invested in financial assets, from which the depository institutions earn most of their income. Those income-earning financial assets range from bills, notes, and bonds issued by private corporations and by the federal, state, and municipal governments to mortgage loans for housing. Each type of financial institution has a different type of portfolio of assets, which reflects their area of special expertise in managing financial assets. To demonstrate how depository institutions create money under the present system of fractional reserve banking, hypothetical example of a commercial bank, Southwest National Bank, will be used. It is assumed that federal regulations require Southwest National Bank to hold a percentage of its deposits in the form of cash reserves. This is the reserve requirement. The reserves may be held in the form of currency and coin on the premises, a form of reserves called vault cash, or they may be held in a deposit at a regional Federal Reserve Bank. Assume that the Southwest National Bank management, taking into account the reserve requirement and the projected amount of withdrawals arid deposits, decides to keep 20 percent of its deposits in rescues.
61． Why do the depository institutions have the fractional reserve banking? A．Because they can keep a large amount of deposits from their depositors in the
form of reserves.
B．Because most of their depositors would withdraw their deposits.
C．Because only a small fraction of their depositors would deposit money during a day or week.
D．Because they can meet the need of withdrawing of their depositors and make investments in other financial assets.
正确答案：D
解析：文章第一段提到Depository institutions...week to withdraw their deposits。存款准备金是指金融机构为保证客户提取存款和资金清算需要而准备的在中央银行的存款。存款机构能这样做是因为存款者在不定的时间内会提取存款。只有D选项的意思是与题意相符。
62． What is the main source of income of the depository institutions? A．Different types of portfolio. B．Bills, notes and bonds.
C．Deposits invested in financial assets. D．Large amount of assets.
正确答案：C
解析：文章第二段提到Those income-earning financial assets...mortgage loans for housing。银行的收入来源很广，包括与个人与签订的bills, notes, and bonds等等，概括起来就是Deposits invested in financial assets。
63． How can we know the management of financial assets? A．From the assets’ area of special expertise. B．From the portfolio of the assets. C．From the scale of the assets. D．From the reserve banks.
正确答案：B
解析：文章第二段提到a different type of portfolio of assets…in managing financial assets。资产组合能反映一定地区的资产管理状况。
64． In what form are the reserves required to he held? A．In the form of currency and coin on the premises. B．In the form of vault cash.
C．In a deposit at a regional Federal Reserve Bank. D．All of the above.
正确答案：D 解析：文章第三段提到The reserves may be held...at a regional Federal Reserve Bank. 存储金所采取的形式有通货的形式，有备用金的形式和联邦银行存款的形式。
65． What is the reserve requirement? A．The requirement for cash reserves. B．The requirement for deposits in cash.
C．The percentage of a bank’s deposits in the form of cash reserves. D．The requirement of a bank to deposit a percentage of money.
正确答案：C
解析：文章倒数第二段提到It is assumed that...This is the reserve requirement.采取的是现金的形式。
Term loans are designed to fund long-and-medium-term business investments, such as the purchase of equipment or the construction of physical facilities, covering a period longer than one year. Usually the borrowing firm applies for a lump-sum loan based on the budgeted cost of its proposed project and then pledges to meet the scheduled repayment in a series of installments (often payments are made every quarter or even monthly). Thus, term loans look to the flow of future earnings of the business firm to amortize and retire the credit. The schedule of installment payments is usually structured with the borrower’s normal cycle of cash inflows and outflows firmly in mind. For example, there may be ‘blind spots’ built into the repayment schedule, so there will be no installment payments due at those times of the year when the customer is short of cash. However, these payment must be made up later, when cash is more abundant. Some term loan agreements do not call for repayment of loan principal until the end of the loan period, for example, in a ‘bullet loan’ , only interest is paid periodically, with the full principal due when the loan matures. Term loans normally are secured by fixed assets (e. g. premises, equipment, furniture and fixtures) owned by the borrower and may carry either a fixed or floating interest rate. That rate normally is higher than on short-term business loans, due to the greater risk exposure to the bank from such loans. Certainly the probability of default or other adverse changes in the borrower’s position is greater over the course of a long-term loan.
66． Term loans can be used to fund ______. A．the purchase of inventory
B．the purchase of equipment covering a period over one year C．the purchase of building materials
D．securities dealers to purchase new securities
正确答案：B
解析：第一段第一句指出Term loans are designed to...covering a period longer than one year，意思是定期贷款是为企业的中长期投资融资的，例如购买使用期限超过一年的设备以及实体设备的建造。inventory存货。building materials建筑原材料。securities证券。
67． Usually the borrowing firm of term loans promises to repay ______. A．the principal and interest until the end of the loan period B．the principal and interest at the end of the loan period C．the loan in a series of installments
D．at any time when cash is more abundant ______.
正确答案：C 解析：第一段第二句后半句...and then pledges to meet the scheduled repayment in a series of installments(often payments are made every quarter or even monthly)，意指借款企业向银行保证分期还款，通常是按月或者按季度分期还款。Installment分期还款。
68． Repayment of the term loan relies on
A．the net inflow of future funds of the assets financed B．the net outflow of the future funds of the assets financed C．the total assets of the borrowing firm D．the total liabilities of the borrowing firm
正确答案：C 解析：第三句指出Thus, term loans look...to amortize and retire the credit, 意思是说定期贷款的偿还指望借款企业未来一系列收益。amortize and retire the credit偿还贷款。look to指望。倒数第三句Term loans normally are secured by fixed assets…意指固定资产可以保证贷款的偿还。结合两者可以推出定期贷款的偿还依靠借款企业的全部资产。
69． Which of the following can secure a term loan? A．Securities.
B．Land and building. C．Accounts receivable. D．Inventory.
正确答案：B
解析：倒数第三句Term loans normally are secured by fixed assets...owned by the borrower and...意指定期贷款通常由借款人的固定资产来提供可靠的保证，例如固定设备和房地产等。
70． The best Headline of this passage would be ______. A．Loans Provided by Banks B．Long-term Project Loans C．Credit Financing D．Term for Loans
正确答案：D
解析：整篇文章都在讲定期贷款，因此D才能概括全文主旨。
Security is required on loans for several reasons. One of the most common is probably the borrower’s financial weakness. Such weakness may be indicated by several factors, including heavy obligations to creditors, poor management, and insufficient income. Borrowers in this financial condition can strengthen their credit by pledging certain assets. Having a secured loan may also be a psychological advantage for a bank. As long as the borrower has greater equity in the pledged assets than does the bank and the bank is in a preferred position and can foreclose in the event the loan agreement is broken, the borrower has a strong incentive to repay the obligation. The length of a loan also has a bearing on whether it will be secured. As the term of the loan lengthens, the risk of non-repayment increases. Loans for purchasing real estate are nearly always secured, especially if the funds are borrowed for long periods of time, because of risk of non-repayment. Unsecured loans are based more exclusively on the borrower’s integrity and financial condition, expected future income, and past record of repayment. Contrary to popular belief, the largest loans and the greatest dollar volume of loans made by some banks are often granted on an unsecured basis. The largest commercial borrowers are able to borrow on an unsecured basis. Some companies are considered by banks to be prime borrowers, and in many cases they receive the most favorable interest rate. Such companies have competent management, products and services that are well accepted in the marketable, relatively stable profits, and a strong financial condition. They provide their banks with financial statements from which it is relatively easy to determine their financial condition and keep track of their progress. Business firms are not the only ones who borrow on an unsecured basis—many individuals enjoy this privilege. Persons who own their homes, have a steady job which they have held for years, and have a record of prompt payment both at the bank and at retail stores are commonly in a position to borrow on an unsecured basis. An applicant’s ability and willingness to pay are projected into various situations.
71． According to the passage, which of the following about the borrower’s financial weakness is false?
A．Past record of repayment. B．Low profitability. C．Poor management.
D．Heavy obligations to creditors.
正确答案：A
解析：文章第一段提到One of the most common...and insufficient income. 说明借款人财务状况不佳的因素是由于公司管理不善、对债权人的大量债务，以及收入水平低。因此，A选项错误。
72． Security is required on loans so that ______.
A．the lending bank can enjoy higher interest receipts from the loan B．the borrower is more willing to pay back the money
C．the funds borrowed will be repaid within a shorter period of time D．more prime borrowers are attracted
正确答案：B
解析：文章第一段提到As long as the borrower...strong incentive to repay the obligation.发放贷款时银行要求借款人提供抵押是为了提高贷款的安全性，在心理上给予银行一定的安全感，一般借款人在提供抵押品之后其还款意愿会有所提高。
73． According to the passage, unsecured loans are granted on the basis of ______.
A．the borrower’s financial condition B．the guarantor’s financial condition
C．the guarantor’s past record of repayment D．the borrower’s pledged assets
正确答案：A 解析：文章第二段提到Unsecured loans…and financial condition，信用贷款是依照借款人的财务状况、预期收人情况以及过去的还款记录发放的。
74． Banks will usually grant unsecured loans to ______. A．individuals with steady job held for years B．individuals with a good credit record
C．large commercial companies with a strong financial condition D．all of the above
正确答案：D 解析：文章最后一段提到Business firms are not the only ones...on an unsecured basis. 银行发放的信用贷款的对象一般可以分为个人和公司，作为个人必须具有固定的职业、较好的信用记录等，而公司客户则需要有良好的财务状况。
75． Which of the following statements is true?
A．Loans for buying houses are always secured in order to reduce the risk of nonpayment.
B．Companies are more likely to borrow on all unsecured basis than individuals. C．The largest loans advanced by banks are always secured loans.
D．Borrowers are more willing to repay the money if the loans are made on an unsecured basis.
正确答案：A 解析：购买住房等不动产的贷款一般期限较长，所以会被要求进行抵押贷款。所以，只有A项符合题意。
写作
76． For U. S. banks, the rapid deterioration in syndicated loans comes at a time when the majority of banks have strong capital bases and earnings.
正确答案：对于美国银行业来说，银团贷款的快速恶化发生在大部分银行有充足的资本和盈利的时候。
77． In order to improve foreign exchange administration and maintain strong balance of payments position, China promulgated the Regulations on Foreign Exchange Administration on January 29, 1996.
正确答案：为了加强外汇管理，保持强有力的收支平衡头寸，中国政府于1996年1月29日颁布了《中华人民共和国外汇管理条例》。
78． Liabilities are debts owed to outsiders, measurable by money value, which will be paid to creditors using assets or services.
正确答案：负债是企业所承担的将来能以货币计量、并以资产和劳务偿付的债务。
79． Settlement, in general, is the striking of a balance between two or more parties having mutual dealings with one another, i. e. , the payment of balance by the debtor(s) to the creditor(s).
正确答案：概括来讲，结算是指彼此有交易的双方或多方之问结清余款，由债务人将余额支付给债权人。
80． Describe the procedure of outward collection according to the numbers given in the following charter. Write your answer on the ANSWER SHEET.
正确答案： ①Shipping goods and getting documents. ②Asking for collection. ③Sending collection instruction and documents to collecting bank. ④Releasing documents against D/A or D/P. ⑤Sending funds for credit to the principle’s account.
81． Write a bank letter according to the following requirements. Write your answer on the ANSWER SHEET. 请按信函格式以下列内容用英语给英国伦敦甲银行写一封信。 (1) 伦敦NEC公司意欲向我行借一大笔贷款，并指定贵行为证明人。 (2) 请求贵行为我行提该公司一些资信状况(含财务状况、信用状况、业务范围、整体管理水平等)。 (3) 对贵行所提的一切状况，我们将严格保密。
正确答案： July 4th，2008 GGG Bank Road × × ×, London Dear Sirs,Request for a Report on the Credit Standing of NEC CO. NEC CO. , London wishes to have a large sum of loan from us and has given you as a reference. We should be obliged if you could furnish us with a detailed report on the financial position, including credit standing, business lines, general management ect. of the NEC CO. Any information sent to us will be held in strict confidence and will entail no obligation on your part. We thank you very much for your
assistance, and would be pleased to reciprocate your service in the future. Yours faithfully, × × × Manager Beijing Branch
Bank of China
因篇幅问题不能全部显示，请点此查看更多更全内容