FECT 初级2000 年考题及答案
Reading Part Two
Section One (10%)
Direction：There are ten statements in this section. For each statement there are four choic es marked A, B, C, and D. You should choose the best answer and mark the corresponding lette
r on the ANSWER SHEET by drawing a single line through the center.
31. Since April 1994, the RMB exchange rate has been determined by__________.
A. the China foreign Exchange Trading System
B. the People’s Bank of China
C. supply and demand as well as trading situations in the China Foreign Exchange Swap Market
D. supply and demand as well as trading situations in the unified interbank foreign exchange
market
32. If near money is to be used directly to purchase goods or services,it must be________.
A. permitted by the business company
B. endorsed by the holder
C. drawn from a bank first
D. converted into cash or sight deposit
33. Which of the following is not one of the function of money?
A. Medium of exchange
B. Store of value
C. Financial assets
D. Standard for deferred payment
34. Unless otherwise stated in the letter of credit, banks will not accept_________ presente
d by th
e beneficiary.
A. the open cover
B. the cover note
C. the insurance certificate
D. the insurance policy
35. Factoring provides the following services except _____________.
A. maintenance of the sales ledger
B. collection of accounts receivable
C. 100% non-recourse finance to the seller despite commercial disputes between the seller
and the buyer
D. credit risk protection on the buyer
36. When the exported goods are insured under an open cover agreement, _______is the most
appropriate document as evidence of insurance.
A. an open policy
B. an insurance certificate
C. an insurance policy
D. an inspection certificate
37. Advances to the importer can be given in the following ways except__________ .
A. limits for issuing letters of credit
B. inward bills receivable
C. packing loans
D. delivery against the bank guarantee
38. As far as the beneficiary is concerned the letter of credit which is available by ______
___ is the least favourable.
A. negotiation
B. acceptance
C. sight payment
D. deferred payment
39. Deposits, taken within the territory of the People’s republic of China by a foreign fin
ancial institution shall not exceed _______ percent of its total assets.
A. 20
B. 30
C. 40
D. 60
40. “Pay Chen RMB10,000 on the date of his marriage.” This is __________.
A. a bill of exchange
B. a cheque
C. a promissory note
D. an order
Section Two (10%)
Directions：there are 10 blanks in the following passages. For each blank there are four cho
ices marked A, B, C and D. You should choose the best answer and mark the corresponding lett
er on the ANSWER SHEET by drawing a single line through the center.
Passage One
Commercial banks are business firms; like all firms, they strive to earn a profit. The objec
t of commercial bank management is therefore to ___41___ profits while maintaining a very lo
w risk of becoming ___42____. To remain solvent, a commercial bank must take precautions to ensure that the value of its assets ___43____ the value of its liabilities at all times. If
at any time losses from securities,
___44___loans, or other investments force the value of the bank’s assets ____45___ the valu
e o
f its liabilities, the bank becomes insolvent.
41. A. minimize B. maximize C. control D. manage
42. A insolvent B. solvent C. default D. liquidation
43. A equals B contracts C exceeds D lags
44. A fault B defaulted C liquid D speculated
45. A above B under C beyond D below
Passage Two
In the foreign ex change market, which is made up of banks’ traders and brokers, prices ____
46_____ every minute ___47____ to supply and demand. For safety’s sake, a branch will get a
rate from their traders for a big transaction. This process would be too cumbersome, however,
for every small transaction. Therefore the traders give their branches lists of exchange ra
tes _____48_____ they may buy and sell notes and payments in the main currencies.
Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterli
ng to a non-resident, the payment has first to ___49__ under British exchange control regula
tions. The bank itself can usually authorize the payment after seeing a document such as an
invoice to show that the payment is due; but cases ___50___ borrowing and lending have to be referred to the Bank of England.
46. A alter B vary C turn D convert
47. A in response B respondent C responding D answering
48. A of which B on which C in which D at which
49. A authorizing B authorize C be authorized D have been authorized
50. A involving B involve C will involve D being involved
Section Three (10%)
Directions：Read the following passages, and determine whether the sentences are “Right” o r “Wrong”. If there is not enough information to answer “Right” or “Wrong”, choose “D oesn’t say”. Then mark the corresponding letter on the ANSWER SHEET by drawing a single li
ne through the center.
Passage 1
Liquidity is a measure of how quickly an item may be converted to cash. Therefore, cash is t
he most liquid asset. Account receivable is a relatively liquid asset because the business e
xpects to collect the amount in cash in the near future. Supplies are less liquid than accou
nts receivable. Users of financial statements are interested in liquidity because business d ifficulties often arise owing to shortage of cash. How quickly can the business convert an a
sset to cash and pay a debt? How soon must a liability be paid? These are questions of liqui
dity.
51. Long-term assets are all assets other than current assets.
A right
B wrong
C Doesn’t say
52. Supplies are less liquid than accounts receivable, and furniture and buildings are even
less so.
A Right
B Wrong
C Doesn’t
53. People are interested in liabilities on the balance sheet because it is relatively liqui
d.
A Right
B wrong
C Doesn’t say
Passage 2
Whereas the money markets provide very short-term loans, the capital market takes account of
medium and long-term loans. It serves the needs of industry and commerce, government and lo
cal authorities. Private sector firms borrow their working capital (current assets minus cur
rent liabilities) from the money market, which used to be mainly via commercial banks; the r
ole of banks as middlemen has now diminished, even for the working capital requirements. Pri
vate sector firms raise their fixed capital by the issue of shares or commercial paper bonds. Government and local authorities borrow medium and long-term capital by issuing gilt-edged stocks and bands. The main market place for lending and borrowing medium and long-term capit al in the UK is the Stock Exchange in London.
54. An industrial corporate can meet its financial needs by seeking funds from the capital m arkets.
A Right
B Wrong
C Doesn’t say
55. Nowadays a private business usually obtains its working capital through a commercial ban k.
A Right
B Wrong
C Doesn’t say
56. In the UK commercial banks often raise funds by issuing bands and stocks.
A Right
B Wrong
C Doesn’t say
Passage 3
A commercial bank shall formulate its business rules, establish and improve its business man agement, the system of cash control and its security system in accordance with the stipulati
ons of the People’s Bank of China.
A commercial bank shall establish and improve its systems of examining and checking deposits,
loans settlements and bad and doubtful accounts. The PBC can exercise examination of a comm ercial bank at any time in accordance with the relevant provisions. The personnel in charge
of the examination and supervision should produce their legitimate at the time of conducting examination and supervision.
A commercial bank shall provide financial financial accounting information, business contrac
ts and other information about its business and management at the request of the People’s B ank of China.
A commercial bank is subject to the audit control by the auditing authorities in accordance
with the audit law and regulations.
57. The PBC can exercise examination of a commercial bank at any time.
A Right
B Wrong
C Doesn’t say
58. A commercial bank shall establish and improve its system of internal control according t
o law.
A Right
B Wrong
C Doesn’t say
59. A member staff of the PBC should present his legitimate certificate for on-site examinat
ion.
A Right
B Wrong
C Doesn’t say
60. The auditing authorities can not exercise the audit control over a commercial bank.
A Right
B Wrong
C Doesn’t say
Section Four (20%)
Direction ：There are 4 passages in this section. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A, B, C and D. You should choose the best choice and mark the corresponding letter on the ANSWER SHEET by drawi
ng a single line through the center.
Passage 1
Qualified Endorsement: when the words “without recourse” or words with similar meaning are used part of the endorsement, such endorsement is referred to as qualified endorsement. The purpose of this type of endorsement is to limit the endorser’s liability. The qualified end
orsee,however, may look to all other parties prior to the qualified endorser. Under the UCP,
the term “signature” also includes marks and thumbprints and printed, typed, or stamped s
ignatures are acceptable in addition to written ones. This rule also applies to endorsements.
In the United States, the endorsement on an instrument need not necessarily be applied by t he previous holder. Banks frequently provide this by placing a rubber-stamped endorsement on deposited check, typically using words as “credited to the account of within named payee”and guaranting the absence of the payee’s persona; signature and endorsement.
61. Qualified endorsement is one___________.
A. only with “without recourse” on it, words with similar meaning are not considered as qu alified endorsement.
B. where the holder merely writes his signature on the bank of the instrument and thereafter
it becomes payable to the bearer.
C. with “without recorse” or words with similar meaning as part of the endorsement.
D. which prohibits the further negotiation of the instrument or which expresses that it is a mere authority to deal with instrument as thereby directed.
62. Qualified endorsement is used_____________.
A. when the endorser wants to pass the full title to the endorsee
B. to inform the importer’s bank to negotiate
C. when the endorser wants to strengthen the liability of the endorsee
D. to limit the endorser’s liability
63. According to the UCP, the term “signature” includes___________.
A. marks and thumbprints, and printed, typed, or stamped signatures are acceptable in additi on to written ones
B. marks and thumbprints, and printed, typed, or stamped signatures are not acceptable in ad dition to written ones
C. marks and thumprints, but printed, typed, or stamped signatures are not acceptable
D. marks and thumbprints only
64. The qualified endorsee may look to all other parties___________.
A. prior to the qualified endorser
B. prior to the qualified endorsee
C. prior to the immediate endorser
D. prior to the immediate endorsee
65. Endorsement can be acceptable________________.
A. only when it is signed personally by the previous holder
B. if it is signed, stamped or marked
C. only when there is a rubber-stamped signature on it
D. if there are thumbprints on it
Paggage2
Whether sending or receiving payments across borders, banks often charge too much or take to
o long-or both. One study last year found that European banks overcharged for over a third o
f urgent transfers. Thankfully, new payments networks are startin
g to offer quick, reliable and more competitively priced service. Given time, these could pose a threat to traditional bilateral(or correspondent) agreements between individual banks and to the Society for World
wide Interbank Financial Telecommunication (SWIFT), the global network that processes most l
arge international payments.
One upstart gaining credibility is the Inter-bank On-line System(IBOS), which was founded in
1997 by Britain’s Royal Bank of Scotland and Spain’s Banco Santander.
What is the system’s attraction? The answer is that instead of taking many days and bits of paper, the form of correspondent banking, account-account payment in IBOS can be completed o pening an expensive international branch network. The system’s executives like to refer to its members-now 11 banks from nine countries-as a single “virtual bank”. Charles Mallis of Chase, which is merging with Chemical, a big American rival, says that this ability to “sha
re” branches was a big attraction to the bank, even though it already has the world’s larg
est correspondent network.
IBOS bills themselves act as more than simply a quick payment service. It wants to develop i
nto a platform for all sorts of cash-management products, particularly for multinationals. S
ean Verity, its chief executive, says that there are also plans to license the system’s tec
hnology, so that banks anywhere can use it as a platform for their own independent payment a ssociations. And its members think that its advanced technology could help them to speed up commerce-payments using smart cards, electronic cash and so on.
IBOS claims that it is not a direct threat to SWIFT because the two are fundamentally differ
ent in several ways. For instance, the former is a decentralized cash management technology which links different banks’ branches directly, whereas all traffic for its bigger rival mu
st pass through a central hub in Brussels.
66.International money transfer is often troubled with____________.
A. slow payment
B. expensive charges
C. both A and B
D. none of the above
67. As a newly-founded payment system, IBOS is welcomed mainly for its ________.
A. high-tech platform
B. cash-management technology
C. large correspondent network
D. speedy transfer of payment
68. Another reason why some banks joined IBOS is that____________.
A. they can share their branches
B. they can share their correspondents
C. branches of different banks can transfer money directly
D. all of the above
69. According to the passage, which statement is wrong?
A. IBOS may help to speed up commerce-payment using smart cards, electronic cash and so on.
B. IBOS is a payment system for fast and cheap money transfer.
C. IBOS ienables the member banks to create better cash management products than smart cards, electronic cash and so on.
D. With IBOS’ technology, the bank’s money transfer can be more globalized.
70. One of the main differences between IBOS and SWIFT is that_________.
A. SWIFT is a telecommunication system for global banking, while IBOS is merely a payment sy stem
B. The business volume handled by SWIFT is much bigger than that of IBOS
C. To use IBOS makes a bank more decentralized
D. All information processed by SWIFT has to go through its center, while under IBOS system two end-users can contact each other directly
Passage 3
Most commercial letters of credit are documentary, meaning that certain documents must be in cluded with any drafts drawn under the terms of the credit. Documents required usually inclu
de an order bill of lading, a commercial invoice, and any of the following: consular invoice,
insurance certificate or policy, certificate of origin, weight list, packing list.
Letters of credit without the requirement for presentation of shipping documents or commerci
al documents are called clean credits, and are similar to, although not legally identical wi
th unconditional first demand guarantees. These credits are extremely flexible and may be us
ed in an almost unlimited variety of situations, from construction bond to the finance of ma
rgin requirements on future markets. Two kinds of clean letters of credit which are relative
of the documentary letters of credit are of interest.
The first is the standby letter of credit, in which the issuing bank undertakes to pay if th
e applicant does not carry out his obligations. Documents normally called for are evidences
of the underlying transaction, such as non-negotiable copies of bills of lading , or third p
arty’s certificate certifying the non-performance of an obligation of the applicant, or the beneficiary’s certificate of non-payment by the applicant. The second is the indemnity for
minor discrepancies in the documents given to the shipping company so that issuing bank may make payment or the shipping company may release goods to the applicant.
71. According to the passage, a documentary letter of credit is one which_________.
A. includes any drafts
B. includes drafts accompanied by invoices, bills of lading and other documents
C. is accompanied by invoices, bills of lading and other documents
D. is accompanied by drafts as well as the insurance policy and commercial invoices
72. 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 unconditional first demand guarantee
73. Under a standby letter of credit, ________________.
A. evidence of the underlying transaction should be field 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 fails to fulfill his obligations
74. 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
in the documents
D. used in lieu of shipping documents
75.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 of transactions such as non-negotiable copies
of B/L or other documents
D. call for all kinds of normal documents
Passage 4
Acceptance of a bill of exchange is an unconditional undertaking to pay the bill on maturity.
The drawee should not, therefore, when accepting the bill, impose any conditions on payment.
Acceptances citing for instance:(a) lesser amount (b) payable at a different date are referr
ed to as “unqualified acceptances” and would not be acceptable to the remitting bank.
The bill may be accepted payable at a place other than the acceptor’s address, normally at
his bank, viz. “accepted payable at Barclays Bank plc…” This practice should be encourage d as the procedure for obtaining payment at maturity is greatly simplified; the bill needs o
nly to be presented at the bank counters for payment.
The presenting bank is responsible for seeing that the form of the acceptance of a bill of e
xchange appears to be complete and correct, but is not responsible for the genuieness of any signature or for the authority of any signatory to sign the acceptance.
However, when the drawee is a customer, good banking practice dictates that the signature mu
st be checked against the mandate.
Strict control must be maintained over an accepted bill, which must not be presented for pay
ment at maturity through the post.
A bill of exchange is dishonoured when a sight draft is unpaid on presentation or when a ten
or draft is unaccepted on presentation or unpaid at maturity.
When an inward collection is dishonored the presenting bank must examine the collection orde
r to see whether the bill is to be protested. Protesting a bill provides legal evidence of d
ishonor acceptable to a court of law.
If protest is to be carried out, a Notary Public will personally call upon the drawee/accept
or and demand payment or acceptance. If the payment/acceptance is not forthcoming, the Norta
ry Public will draw up a deed of Protest that will give the reasons stated for dishonor. A b
ill should be protested within one working day of dishonor, otherwise under the Bills of Exc
hange Act 1882(s.51) all signatories are freed from liability on that bill.
When a Notary Public is not available, a member of the bank staff can make a formal protest.
Two ratepayers resident in the area of the drawee must witness the formal document. This is
a valid form of Protest.
76. Acceptance of bill of exchange is___________.
A. a promise C. an order
B. a promise under some conditions D. a payment
77. When a sight bill of exchange is unpaid, it is ____________.
A. unaccepted C.dishonored
B.honored D.accepted
78.when an inward collection is dishonored, the ____________bank must make sure whether the bill is to be protested.
A. remitting C. confirming
B. collecting D. reimbursing
79. Protesting is expensive and must be done within one working day of ___________.
A. unacceptance C. payment
B. dishonor D. collection
80. A member of the bank staff can make a _____________protest.
A. formal C. normal
B. valid form D. formal and valid
Part Three Writing
Section One(5%)
Directions: Read the following passage and fill in the blanks with its contents. Write your answers on the ANSWER SHEET.
As per the terms and conditions of the Contract No. 123, the payment is to be made by a docu
mentary credit. Now, at the request of the importer, Mr. Houston & His Son, CITIBANK N.A. he
reby issues a documentary credit No. 56789 in favor of China National Chemicals Imp. & Exp. Corp., 56 Dongnanmen street, Beijing, to the extent of USD 56,700.00 on May 23, 1997.
On June 1, 1997 the exporter shipped the relative goods and drew a draft on the issuing bank, asking him to pay the credit amount at 60 days after sight of the draft. Mr. Grace Peter, ma
nager of the corporation, was authorized to sign the draft.
_____________________________________________________________________
Bill of Exchange
No.123 ①Dated_______
Exchange for ②___________
At ③____________days after sight of this FIRST of Exchange (Second of exchange being unpaid)
Pay to the order of ④_________
The sum of ⑤________
Drawn under L/C No. ⑥_________dated ⑦__________
Issued by ⑧___________
value received and charged the same amount to
To ⑨___________
⑩______________
Section Two(5%)
Directions: Translate the following sentences into Chinese. Write your translation on the AN
SWER SHEET.
1. I have another thing to trouble you. If we need Renminbi, is our sale of US dollars limit
ed to you at your buying rate? I mean, can we sell them elsewhere at a higher price?
2. Drafts are usually valid for 6 months. This draft expires on Nov. 10. It is the first of
November. I’m not sure whether the draft can reach the paying bank at the maturity date.
3. Normally, the title to the goods does not pass to the buyer until the draft is paid or ac
cepted by the buyer.
4. It is apparent that profits earned will not necessarily take the form of cash, they can b
e used for investment in other assets or to reduce liabilities such as debts.
5. Traveller’s cheques are in fixed and round amount. So they are convient to be encashed.
Section Three(10%)
Directions: Write a letter according to the following request. Write your answer on the ANSW
ER SHEET.
请按信函格式以下列内容给美国纽约甲银行用英语写一封信。
1、贵行第1234 号信用证没有有效签名，请用电传确认其真实性，或者寄上正式签字的信用证来代替它。
2、该证的装船期有效期颠倒，请更正。
3、如贵行签字人员有变动，请寄上贵行最新签字样本，以备存查。
Answers:
Part Two Reading
Section One
31. D 32. D 33. C 34. B 35. C 36. B 37. C 38. A 39. B 40. D
Section Two
41.B 42. A 43. C 44. B 45. D 46. B 47. A 48. D 49. C 50. A
Section Three
51. C 52. A 53. B 54. A 55. B 56. C 57. A 58. A 59. A 60. B
Section Four
61. C 62. D 63. A 64. A 65. B 66. C 67. D 68. C 69. C 70. D
71. B 72. C 73. D 74. C 75. C 76. A 77. C 78. B 79. B 80. D
Part Three Writing
Section1
1. June 1, 1997
2. USD 56,700.00
3. 60days
4. China National Chemicals Imp.& Exp. Corp.
5. Say fifty six thousand , seven hundred US dollars only
6. 56789
7. May 23,1997
8. CITIBANK N. A.
9. Messrs Houston & His Son
10. China National Chemical Imp.& Exp. Corp. Grace Peter
Section 2
1. 还有一件事麻烦你，如果我们需要人民币，是不是只能按买价把美元卖给你们？（我的意思是我们是否
可在别处以较高的价格出售？）
2. 汇票的有效期通常为6 个月。这张汇票在11 月10 日到期。今天是11 月1 日，我不肯定汇票能否在到期日前到达付款行。
3. 在买方支付或者承兑汇票之前，货物的产权通常尚未转移给买方。
4. 显而易见，获得的利润不一定以现金形式出现，因为它可能用来投资于其他资产或者减少诸如欠款等负
债。
5. 旅行支票的金额固定而且是整数，便于兑现。
Section 3
Bank of China
Beijing Branch
May 20,1998
Bank A
New York
U.S.A.
Dear sirs,
Your L/C No.1234
We have received your above L/C and observed that the credit is not signed by an authorized
signatory. For the sake of precaution, please confirm to us by tested telex the authenticity
of the credit as soon as possible, or please send us a duly signed instrument for replaceme
nt.
It comes to our attention that the dates of shipment and expiration of the credit are invers
ely given to be August 30 and August 15 respectively. Please correct them.
If your authorized signatories have been changed, will you please send us your up-to-date sp
ecimen signature book in order to complete our file.
Your cooperation will be appreciated.
Yours faithfully,
Wang Tong
Manager
Bank of China
做自我介绍用英语怎么说 自我介绍英语范文篇1 Hello! My name is Chen Danqing. My English name is Joy. I'm 14 years old. I'm a happy girl. I have a happy family. My father and my mother are both office workers. They're busy. But at weekends, they always cook nice food for me. I'm happy in the family. I love my parents and they love me very much. I'm a student at Dongzhou Middle School. It is very big and beautiful. There are many classroom buildings and office buildings. Besides the buildings, there is a big playground. After school, there are lots of boys playing basketball on it. I think they are happy. There are a lot of flowers and trees in my school. They are beautiful. I like my school. In my school, I have many friends. All my friends are polite and helpful. My friends are all nice to me. They can make me happy. So I like playing with them. My hobbies are listening to music and reading. I like pop music very much. I dislike sports because I'm
Lesson One Translate the following passage into Chinese 1.紧缩性货币政策和扩张性货币政策都涉及到改变一个国家的货币供应量水平。 扩张性货币政策增加货币供应量，而紧缩性货币政策会减少货币供应量。 2.当联邦储备体系在公开市场上购买有价证券，会引起证券价格上涨。债券价格 和利率成反比关系。联邦贴现率就是一种利率，因此降低联邦利率实际上就是 降低利率。如果联邦储备系统决定降低法定储备要求，那么银行能够进行投资 的资金会增加。这会引起投资比如债券价格的上涨，因此利率会降低。无论联 邦储备体系用何种方法来增加货币供应量，利率都会降低，债券价格会上涨。 Translate the following sentences into English 1. China would maintain a stable currency and prudent monetary policy, and expected to stay within its growth and inflation targets this year 2.China would also maintain a prudent monetary policy to support economic development while preventing inflationary pressure and financial risks 3. China’s economy continued to grow steadily and rapidly in the first quarter, with investment in fixed assets slowing and domestic consumption accelerating. 4.because of China’s large increase in its trade surplus and foreign exchange reserves in the first quarter, the effectiveness of its monetary policy — used to help control inflation — was facing “serious challenges.” 5. The central bank would seek to further streamline its foreign exchange system to facilitate the orderly outflow of funds. At the same time, it would tighten the management of foreign exchange inflows and settlement. —Three Translation: Translate the following passage into Chinese 1．外汇交易当然是指两种不用货币之间的交易了。每一组货币的交易或“买卖”都包含两个部分。一个是即期市场，在这个市场中支付（交付）需在交易时立即进行（在实际操作中一般是在第二个交易日进行），另一个就是远期市场。远期市场的汇率是在交易的时候就先确定了，但实际的交易，或交付则是在未来的某个特定时间进行的。 2．外汇交易期权是指一种货币和另一种货币在未来进行交付的一个合同，在此合同中，
常用金融英语词汇的 翻译
常用金融英语词汇的翻译 acquiring company 收购公司 bad loan 呆帐 chart of cash flow 现金流量表 clearly-established ownership 产权清晰 debt to equity 债转股 diversity of equities 股权多元化 economy of scale 规模经济 emerging economies 新兴经济 exchange-rate regime 汇率机制 fund and financing 筹资融资 global financial architecture 全球金融体系 global integration, globality 全球一体化，全球化 go public 上市 growth spurt （经济的）急剧增长 have one's "two commas" 百万富翁 hedge against 套期保值 housing mortgage 住房按揭 holdings 控股，所持股份 holding company 控股公司 initial offerings 原始股 initial public offerings 首次公募 innovative business 创新企业 intellectual capital 智力资本 inter-bank lending 拆借 internet customer 网上客户 investment payoff period 投资回收期 joint-stock 参股 mall rat 爱逛商店的年轻人 means of production 生产要素 (the)medical cost social pool for major diseases 大病医疗费用社会统筹mergers and acquisitions 并购
剑桥商务英语初级考试试题(五) 一、READING (PART ONE )（本大题5小题．每题1.0分，共5.0分。● Look at the questions 1--5. ● In each question, which sentence is correct? ● For each question, mark one letter (A, B or C) on your Answer Sheet. ） 第1题 John, I haven't had a chance to phone Bill. Have you? Liz A. Liz has tried unsuccessfully to phone Bill. B. Liz is asking John to phone Bill. C. Liz has been too busy to phone Bill. 【正确答案】：C 【本题分数】：1.0分 第2题 NOTICE FOR HOTEL GUESTS When car park is locked (midnight - 6 am), contact security guard for entry. A. The hotel offers safe parking for guests' cars at night. B. Guests can only leave their cars here during the day. C. There is no entry to this car park after midnight. 【正确答案】：A 【本题分数】：1.0分 第3题 Order any stationery from this catalogue in June and receive a special free pen, A. Ask for our June catalogue and get some free stationery. B. Buy a product in June and you'll get a gift. C. Order a pen before June and get another one free. 【正确答案】：B 【本题分数】：1.0分 第4题 We expect all debts to be settled within seven days. Please note credit cards are not accepted.You can pay A. by credit card within seven days. B. in weekly instalments. C. by cheque or cash within one week. 【正确答案】：C 【本题分数】：1.0分 第5题 Coffee is served during the morning break to delegates attending the product demonstration A. Coffee will be available during the meeting if requested. B. There is a coffee break for participants during the morning. C. Delegates can see a product demonstration while they have coffee. 【正确答案】：B
自我介绍英语带翻译女 无论是面试，还是加入新的团队班级，自我介绍都是必备的。下面小编收集了有关自我介绍英语带翻译范文，供大家参考。 篇一：自我介绍 Dear teachers, students are good: My name is xx, is a confident, cheerful, friendly and active girl, I have widespread interest hobby, piano, reading, playing chess, listening to the story, to host performances and also has a strong interest in, hosted by my kindergarten graduation performance, first prize in a good result. Mom and Dad, the kindergarten teacher's careful cultivation, I have become a qualified primary school students, in the next six years to learn life, can and dear teachers, the students become the best friends! We all together happy to learn, happy to grow! Thank you! 亲爱的老师，同学们好： 我叫xx，是一个自信，开朗，友好，积极向上的小女孩，我有着广泛的兴趣爱好，弹琴、看书、下棋、听故事，也对主持和表演也有着浓厚的兴趣，由我主持的幼儿园毕业演出，获得了一等奖第一名的好成绩。 在爸爸妈妈，幼儿园老师的精心培育下，我已成为一名合格的小学生，希望在今后六年的学习生活中，能和亲爱的老师，同学们成为最好的朋友！我们大家一起快乐地学习，快乐地成长! 谢谢大家！ 篇二：自我介绍
PartⅠ.Decide whether each of the following statements is true or false (10%)每题1分，答错不扣分1. If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. ( T ) 2. The forward contract can hedge future receivables or payables in foreign currencies to insulate the firm against exchange rate risk. ( T ) 3. The primary objective of the multinational corporation is still the same primary objective of any firm, i.e., to maximize shareholder wealth. ( T ) 4. A low inflation rate tends to increase imports and decrease exports, thereby decreasing the current account deficit, other things equal. ( F ) 5. A capital account deficit reflects a net sale of the home currency in exchange for other currencies. This places upward pressure on that home currency’s value. ( F ) 6. The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. ( T ) 7. Covered interest arbitrage is plausible when the forward premium reflect the interest rate differential between two countries specified by the interest rate parity formula.( F ) 8．The total impact of transaction exposure is on the overall value of the firm. ( F ) 9. A put option is an option to sell-by the buyer of the option-a stated number of units of the underlying instrument at a specified price per unit during a specified period. ( T ) 10. Futures must be marked-to-market. Options are not. ( T ) PartⅡ:Cloze (20%)每题2分，答错不扣分 1. If inflation in a foreign country differs from inflation in the home country, the exchange rate will adjust to maintain equal( purchasing power ） 2. Speculators who expect a currency to ( appreciate ) could purchase currency futures contracts for that currency. 3. Covered interest arbitrage involves the short-term investment in a foreign currency that is covered by a ( forward contract ) to sell that currency when the investment matures. 4. （Appreciation/ Revalue ）of RMB reduces inflows since the foreign demand for our goods is reduced and foreign competition is increased. 5. ( PPP ) suggests a relationship between the inflation differential of two countries and the percentage change in the spot exchange rate over time. 6. IFE is based on nominal interest rate ( differentials ), which are influenced by expected inflation. 7. Transaction exposure is a subset of economic exposure. Economic exposure includes any form by which the firm’s ( value ) will be affected. 8. The option writer is obligated to buy the underlying commodity at a stated price if a ( put option ) is exercised 9. There are three types of long-term international bonds. They are Global bonds , ( eurobonds ) and ( foreign bonds ). 10. Any good secondary market for finance instruments must have an efficient clearing system. Most Eurobonds are cleared through either ( Euroclear ) or Cedel. PartⅢ:Questions and Calculations (60%)过程正确结果计算错误扣2分 1. Assume the following information: A Bank B Bank Bid price of Canadian dollar $0.802 $0.796 Ask price of Canadian dollar $0.808 $0.800 Given this information, is locational arbitrage possible?If so, explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $1,000,000 to use. (5%) ANSWER: Yes!One could purchase New Zealand dollars at Y Bank for $.80 and sell them to X Bank for $.802.With $1 million available, 1.25 million New Zealand dollars could be purchased at Y Bank.These New Zealand dollars could then be sold to X Bank for $1,002,500, thereby generating a profit of $2,500. 2. Assume that the spot exchange rate of the British pound is $1.90.How will this spot rate adjust in two years if the United Kingdom experiences an inflation rate of 7 percent per year while the United
金融专业英语词汇表 accelerated depreciation 加速折旧 acceptor 承兑人；受票人；接受人 accommodation paper 融通票据；担保借据 accounts payable 应付帐款 accounts receivable 应收帐款 accrual basis 应计制；权责发生制 accrued interest 应计利息 accredited investors 合资格投资者；受信投资人 指符合美国证券交易委员(sec)条例，可参与一般美国非公开(私募)发行的部份机构和高净值个人投资者 accredit value 自然增长值 ace 美国商品交易所 acid test ratio 酸性测验比率；速动比率 across the board 全面一致；全盘的 acting in concert 一致行动；合谋 active assets 活动资产；有收益资产 active capital 活动资本 actual market 现货市场 actuary 精算师；保险统计专家 adb 亚洲开发银行
adr 美国存股证；美国预托收据；美国存托凭证 ad valorem 从价；按值 affiliated company 关联公司；联营公司 after date 发票后，出票后 after-market 后市 agm 周年大会 agreement 协议；协定 all-or-none order 整批委托 allocation 分配；配置 allotment 配股 alpha (market alpha) 阿尔法；预期市场可得收益水平 alternative investment 另类投资 american commodities exchange 美国商品交易所 american depository receipt 美国存股证；美国预托收据；美国存托凭证 (简称“adr ”参见adr栏目) american depository share 美国存托股份 amercian stock exchange 美国证券交易所 american style option 美式期权 amex 美国证券交易所 amortizable intangibles 可摊销的无形资产 amortization 摊销
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用英语向别人介绍自己范文 有时候我们需要用英语来跟别人介绍自己，但是这个时候我们要怎么介绍呢?下面是小编带来的关于用英语向别人介绍自己的内容，欢迎阅读! 用英语向别人介绍自己范文 Good morning. I am glad to be here for this interview. First let me introduce myself. My name is ***, 24. I come from ******,the capital of *******Province. I graduated from the ****** department of *****University in July ,20xx.In the past two years I have been prepareing for the postgraduate examination while I have been teaching *****in NO.****middle School and I was a head-teacher of a class in junior grade two.Now all my hard work has got a result since I have a chance to be interview by you. I am open-minded ,quick in thought and very fond of history.In my spare time,I have broad interests like many other youngers.I like reading books, especially those ****.Frequently I exchange with other people by making comments in the forum on line.In addition ,during my college years,I was once a Net-bar
equilibrium theory 均衡理论 mechanical models of the economy 机械经济模型macroeconomic management 宏观经济管理 demand management 需求管理 nationalization 国有化 social security 社会保障 unemployment benefit 失业救济 counter-cyclical monetary and fiscal policies 反周期-货币与财政政策time lags 时滞 Monetarism 货币学派 trade unions 工会 aggregate demand 总需求 conventional wisdom 普遍流行观点 Keynesianism 凯恩斯主义 economic behavior 经济行为 economic model 经济模式 the principle of comparative advantage 比较优势法则 the theory of income determination 收入决定论 the circular flow model 循环流向图 fiscal policy 财政政策 merchant capitalism 商业资本主义 Industrial Revolution 工业革命 the Great Depression 大萧条 imperfect competition 不完全竞争 possibilities frontier （生产）可能性界限 exchange rate 汇率 checking account 经常账户支票账户 savings and loan association 储蓄与贷款协会 foreign exchange rate 外汇汇率 junk bond crisis 垃圾债券危机 bank failure 银行倒闭 savings and loan crisis 储蓄贷款危机 Federal Reserve System 联邦储备银行系统 personal finance 个人理财 business finance 公司财务 international finance 国际金融 public finance 公共财政 risk of loss 亏损的风险 medium of exchange 交换手段 fiat money 法币 legal tender 法定货币 IOU 借据欠条 business day 工作日 electronic means of payment 电子支付手段
模考吧网提供最优质的模拟试题，最全的历年真题，最精准的预测押题！ 剑桥商务英语初级考试试题及答案解析(二十) 一、READING (PART ONE )（本大题5小题．每题1.0分，共5.0分。 ● Look at the questions 1--5. ● In each question, which sentence is correct? ● For each question, mark one letter (A, B or C) on your Answer Sheet. ） 第1题 Our highly trained unemployment insurance specialists are available 9:00-20:00 Monday to Friday & 10:00-18:00 Saturday. Online quotes available 24/7. A. The information about prices can be found on the Internet anytime. B. You could consult the professionals of the company on Sundays. C. You will be offered some training by the company if you are out of work. 【正确答案】：A 【本题分数】：1.0分 【答案解析】 “可以在网上随时找到关于价格的信息。” 从原文第一句可知，星期日是不接受咨询的，所以B 项应排除。C 项文中未提及，虽然“train”一词出现了，但“You will be offered some training…”(将给你提供培训……)中的training 与在“Our highly trained unemployment insurance specialists…”(我们训练有素的失业保险专员……)中的trained 意思完全不同，后者是“受过训练的”。从原文第二句“Online quotes available 24/7．”(7天，每天24小时都可以在网上找到报价。)可知A 项正确。 第2题 MRK Consulting Ltd has been operating in the global market since 1988. We have successfully placed hundreds of IT & Banking professionals in leading companies in the Finance, Banking and IT industries. A. MRK is a leading company in Finance and IT Industries. B. There are many IT and Banking talents working with MRK. C. MRK has helped many people found good jobs. 【正确答案】：C 【本题分数】：1.0分 【答案解析】 “MRK 已经帮助很多人找到了好工作。” 从公司的名称“MRK Consulting Ltd”(MRK 咨询公司)可以排除选项A 。从文中第二句中的“…placed hundreds of IT & Banking professionals in leading companies”可知MRK
自我介绍英语怎么说 篇一：简单的英文自我介绍怎么说 简单的英文自我介绍怎么说 一些企业是外资企业或者业务范围有设计到英语的话，很有可能在面试过程会要求做一个简单的英文自我介绍，这个难倒了很多非专业英语人士，根本不知道应该怎么说。 其实英文自我介绍并不是很难，你只要记住面试官也是英文菜鸟就好了，表现出你的自信和大方，当然在不好的英语能力你也要尽可能使自己的自我介绍流利一些。下面给出一个范文，希望对大家有所帮助。 I am very gald to introduce myself .I am from Liaoning Province. I graduated from Shandong University and majored in Microbiology. I love music and looking books, especially the history books.
I am honor that I have the opportunity to take part in the interview. Of course,I hope I can joy in our company，Please give me the chance. Thanks very much. 我非常开心可以在这里做自我极少，我来自辽宁，毕业于山东大学的微生物专业，我很喜欢音乐和看书，尤其是历史类的书籍。很高兴做自我介绍，我出生在辽宁，专业是国际贸易，毕业于南开大学，我的兴趣是音乐，读书，尤其是经济类的书。 能够来参加贵公司的面试我感到很荣幸，当然我也希望可以加入贵公司，为贵公司服务实现我的理想。请贵公司给我这个机会，万分感激。 篇二：英文自我介绍应该怎么写 很好的英文自我介绍来源：孙昌明的日志 Good morning ! It is really my honor to have this opportunity for an interview, I hope i can make a good
Chapter One Functions of Financial Markets 一．Translate the following sentences into Chinese. 1.China’s banking industry is now supervised by the PBC and CBRC. In addition, the MOF is in charge of financial accounting and taxation part of banking regulation and management. 目前中国银行业主要由中国人民银行和银监会进行监管。此外，财政部负责银行业监管的财务会计及税收方面。 2.Currently Chinese fund management companies are engaged in the following business: securities investment fund, entrusted asset management, investment consultancy, management of national social security funds, enterprise pension funds and QDII businesses. 目前中国的基金管理公司主要从事以下业务：证券投资基金业务、受托资产管理业务、投资咨询业务、社保基金管理业务、企业年金管理业务和合格境内机构投资者业务等。 3.China's economy had 10% growth rate in the years before the world financial crisis of 2008. That economic expansion resulted from big trade surpluses and full investment. Now China is seeking to move away from that growth model. The country is working to balance exports with demand at home. 在2008年世界经济危机之前的那些年，中国经济增长速度曾达到10%。这一经济增长源于巨额贸易盈余和大量投资。中国现在正在寻求改变这一增长模式。中国正致力于平衡出口和国内需求。 二．Translate the following sentences into English 1.中国商业银行监管的程序是市场准入监管、市场运营监管和市场退出监管。 Regulatory procedures of China’s commercial banks are market access regulation, market operation regulation and market exit regulation. 2.国务院关于推进资本市场改革开放和稳定发展的若干意见。 Some opinions of the State Council on promoting the reform, opening and steady growth of the capital market 3.只有建立合理的股权结构，才能保证公司取得好的经营业绩。 Only establishing reasonable ownership structure can guarantee perfect corporate performance. 4.该公司股票暴跌，被伦敦交易所摘牌。 The company’s stock nosedived and it was delisted from the London exchange.
常见银行英文词汇 储蓄 银行及金融机构 会计 经济政策 金融债券 FORFAITING 储蓄(save) account number帐目编号depositor存户 pay-in slip存款单 a deposit form存款单 a banding machine自动存取机to deposit存款 deposit receipt存款收据private deposits私人存款certificate of deposit存单deposit book,passbook存折credit card信用卡 principal本金 overdraft,overdraw透支 to counter sign双签 to endorse背书 endorser背书人 to cash兑现 to honor a cheque兑付 to dishonor a cheque拒付 to suspend payment止付cheque,check支票 cheque book支票本 order cheque记名支票 bearer cheque不记名支票crossed cheque横线支票 blank cheque空白支票 rubber cheque空头支票cheque stub,counterfoil票根cash cheque现金支票 traveler's cheque旅行支票cheque for transfer转帐支票outstanding cheque未付支票canceled cheque已付支票
forged cheque伪支票 Bandar's note庄票，银票 银行及金融机构(Banks and financial organizations) banker银行家 president行长 savings bank储蓄银行 Chase Bank大通银行 National City Bank of New York花旗银行 Hongkong Shanghai Banking Corporation汇丰银行 Chartered Bank of India,Australia and China麦加利银行 Banque de I'IndoChine东方汇理银行 central bank,national bank,banker's bank中央银行 bank of issue,bank of circulation发行币银行 commercial bank商业银行，储蓄信贷银行 member bank,credit bank储蓄信贷银行 discount bank贴现银行 exchange bank汇兑银行 requesting bank委托开证银行 issuing bank,opening bank开证银行 advising bank,notifying bank通知银行 negotiation bank议付银行 confirming bank保兑银行 paying bank付款银行 associate banker of collection代收银行 consigned banker of collection委托银行 clearing bank清算银行 local bank本地银行 domestic bank国内银行 overseas bank国外银行 unincorporated bank钱庄 branch bank银行分行 trustee savings bank信托储蓄银行 trust company信托公司 financial trust金融信托公司 unit trust信托投资公司 trust institution银行的信托部 credit department银行的信用部 commercial credit company(discount company)商业信贷公司（贴现公司）neighborhood savings bank,bank of deposit街道储蓄所 credit union合作银行 credit bureau商业兴信所