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金融英语模拟试题

金融英语模拟试题
金融英语模拟试题

Part One

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, Then mark the corresponding letter on the ANSWER SHEET with a single line trough the center.

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, he 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, Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

Now you will hear:

M: Does our bank have a direct correspondent relationship with the Bradlays’ 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.

B. He got a card and did not know whose card it is.

C. He has lost his credit card and come to ask what to do

D. He has found a credit card and come to ask what to do

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 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, Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

Passage 1Passage 2

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 and D, you should choose the best answer and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.

31. When the collecting bank receives from the presenting bank the documents for collecting, it

A. should examine all documents to ascertain whether or not they appear, or on their face, to be in compliance with them.

B. may examine either the documents or the instructions to collect the proceeds

C. will examine documents in order to obtain instructions

D. will not examine documents in order to obtain instructions

32. A credit may be advised to a beneficiary through another ban (the advising bank) without engagement on the part of the advising bank, but that bank, if it elects to advise the credit. Shall

A. inform the issuing bank of the credit which it advises without delay.

B. endorse the amount negotiated on the reverse of the credit which it advises.

C. add his confirmation to the credit which it advises.

D. take reasonable care to check the apparent authenticity of the credit which it advises.

33. Applicants, at times ,request the issuing bank to issue the documentary credit containing excessive details for the beneficiary to comply with under the documentary credit. Banks should A. encourage this attempt B. discourage this attempt C. reject this attempt D. be compelled to do so

34. The purchaser of a draft drawn/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

35. Under D/P. all the documents, and usually title to the goods, are released to the buyer upon

A. his acceptance of the draft for payment at a specified later date

B. his payment of the amount specified under reserve

C. his partial payment of the bill amount

D. his payment of the amount specified

36. The minimum registered capital for the establishment of a commercial bank shall be RMB yuan.

A.10 million

B. 100 million

C.1 billion

D. 10 billion

37. The ratio of liquid assets to liquid liabilities of a commercial bank shall not fall short of percent.

A. 25.

B.8

C.75

D.10

38. If we have a quote of 1.4950/1.4960 for $/DM,

A. the first rate is the buying rate for the dollar

B. the first rate is the buying rate for the DM

C. the second rate is the buying rate for the dollar

D. the second rate is the selling rate for the DM.

39. The exportation of domestic currency is limited to per person per exit

A. RMB5,000 yuan

B. RMB6,000 yuan

C. RMB4,000 yuan

D. RMB10,000 yuan

40. A bank’s liquid assets include following items except

A. notes ,coins and bullion

B. current balances with central and other banks

C. money at call and short notice

D. bank’s premises

Section Two(10%)

Directions: There are 10 blanks in the following passages, For each blank there are four choices marked A, B, C and D. Y ou should choose the best answer and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.

Passage 1

The bank41borrowers enough interest to pay the expense of the bank and have something left over for42. The interest cannot be higher than the legal ate, which is

established by state law and in most states is 6% per year,43big loans, the interest rate is much less, even as low as 2%, The fate depends on the money market, When there is plenty of money44to be borrowed, banks charge low rates of interest. A savings bank may pay its depositors 2% and lend the money at 3.5% or 4%. But when money is tight, interest rates go up, and a savings bank may try to45depositors by offering 4% or4.5% or even more ad lending the money at 5% or 6%.

41. A. receives B. gets C. charges D. pays

42.A. profit B. interest C. surplus D. income

43. A. In case of B. In the case of C. In consequence of D. In conjunction with

44. A. available B. costly C. adaptable D. receivable

45. A. absorb B. attract C. mobilize D. Channel Passage 2

If a paying ban requests a receiving bank to return or adjust a payment by means of46 or by means of most types of electronic transmission, but does not issue the47in connection48its request or the request says “No indemnity”, the paying bank shall not be liable to the receiving bank for any loss and expense,49reasonable attorney’s fees ,incurred y the receiving bank as the result of its return or adjustment of the50.

46. A. telex B. letter C. telephone D. SWIFT

47. A. letter of credit B. indemnity C. guarantee D. bill of exchange

48. A. of B. with C. for D. to

49. A. beside B. except C. including D. excluding

50. A. credit B. payment C. proceeds D. expenses

Section Three(10%)

Directions: Read the following passages, and determine whether the sentences ar e “Right” or “Wrong”, If there is not enough information to answer “Right” or “Wrong”, choose “Doesn’t say”, Then mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.

Passage 1

One of the most important functions of the accounting process is to accumulate and report accounting information that shows an organization’s financial position and the results of its operations, Many businesses publish such financial statements at least annually, The subdivision of the accounting process that produces these general-purpose reports is referred to as financial accounting. Another major function of accounting is to provide management with the data needed for decision-making and for efficient operation of the firm.

Although management people routinely receive the financial reports, they also require various other information, such as the unit cost of a product, estimates of the profit earned from a specific sales activity, cost comparisons of alternative courses of action and long-range budgets. The process of generating and analyzing such data is often referred to as managerial accounting.

51. The purpose of managerial accounting is to prepare financial statements every year.

A. Right

B. Wrong

C. Doesn’t say

52. Financial statements include balance sheet ,income statement and cash flow statement.

A. Right

B. Wrong

C. Doesn’t say

53. Financial statements are used only by the outsiders of a firm.

A. Right

B. Wrong

C. Doesn’t say

54. The management of a firm needs to use the results of both financial accounting as well as managerial accounting.

A. Right

B. Wrong

C. Doesn’t say

Passage 2

Assets are the economic resources of the business that can be usefully expressed in monetary terms, Liabilities, or creditor’s equity, are the obligations, or debts, that the firm must pay in money or services at some time in the future. They therefore re present creditor’s claims on the assets of the firm. The owner’s interest is equal to the net assets of the business, which is defined as the difference between the assets and liabilities. Thus, owner’s equity is the residual claim-a claim to the assets remaining after the debt to creditors has been discharged.

55. Assets and liabilities of a firm are both shown on the firm’s bala nce sheet.

A. Right

B. Wrong

C. Doesn’t say

56. The equity amount of a balance sheet is the creditor’s, claims on the firm.

A. Right

B. Wrong

C. Doesn’t say

57. Expenses of a firm should be shown on the firm’s income statement.

A. Right

B. Wrong

C. Doesn’t say

Passage 3

From the bank’s point of view, leverage ratios vary from conservative (highest calculated leverage) to liberal (lowest calculated leverage) The most conservative leverage rations show the most debt and least net worth, Therefore, the total liabilities/tangible net worth ratio will produce the highest leverage and thus be the most conservative because all liabilities are included. On the net worth side, equity has been reduced by the intangible assets on the balance sheet, Intangible assets do not necessarily yield cash, so it is more conservative to subtract these assets from net worth, Conversely, the senior liabilities/capital funds ratio would show less leverage because only senior liabilities are shown as debt, and net worth bas been augmented by the amounts of subordinated debt outstanding.

58. Financial leverage refers to how much money a firm uses for assets.

A. Right

B. Wrong

C. Doesn’t say

59. Conservative leverage ratio means using the most debt and least net worth in calculating leverage.

A. Right

B. Wrong

C. Doesn’t say

60. From the bank’s point of view, a liberal leverage calculation is better.

A. Right

B. Wrong

C. Doesn’t say

Section Four(20%)

Directions: There are 4 passages in the 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, corresponding letter on the ANSWER SHEET by drawing a single line through the center. Passage 1

When a savings account is opened in a bank, the depositor must sign a deposit agreement, By signing the agreement, the depositor agrees to abide by the rules and regulations of the bank. These rules and regulations vary with different banks and may be altered and amended from time

to time. At this time , a passbook may be given to the depositor, This is a small book in which the bank teller enters the date and amount of each deposit or withdrawal and initials the entry, The passbook is to be presented at the bank or mailed to the bank along with a deposit or withdrawal slip each time money is deposited or withdrawn from the account. An alternative practice for depositing or withdrawing money from a savings account is to give the depositor a small register for recording deposits and withdrawals and a pad of deposit-withdrawal forms, This procedure eliminates the use of the passbook. Each time a deposit or withdrawal from savings is made, The appropriate part of one of the forms is filled in, signed, recorded in the register and presented or mailed to the bank with deposit items or other documents, The bank gives a machine-printed receipt to the depositor or returns it by mail. There should be a separate savings account in the ledger to record these activities.

Traditionally, the principal differences between a savings account and a checking account are that interest is paid regularly by the bank on a savings account and withdrawals from a savings account may be made at the bank or by mail by the depositor or an authorized agent, Depositors use checking accounts primarily as a convenient means of making payments, while savings accounts are used primarily as a means of accumulating funds with interest . An increasingly common practice is for the bank to combine savings and checking accounts an d get depositors’ permission to make automatic transfers of funds from the savings portion to the checking portion whenever the latter falls below a specified minimum balance, This amounts to giving the depositor an interest-earning checking account.

61. What is the primary purpose of a savings account?

A. For interest

B. For transfer of funds

C. For accumulating funds with interest

D. For making profits

62. What is the aim of a small register and a pad of deposit-withdrawal forms?

A. to attract deposits

B. to improve bank services

C. to eliminate the use of the passbook

D. to promote banking business

63. What is the purpose of signing a deposit agreement?

A. to follow the bank’s rules and regulations

B. To have the right to make full use of the bank’s facilities

C. To open an account in the bank

D. to protect the depositor’s interest

64. What does a depositor do with a passbook?

A. He makes deposits with a bank.

B. He withdraws money from a savings account

C. He withdraws money from a checking account.

D. Both A and B.

65. For what purpose does a bank try to combine a savings account and a checking account?

A. For holding more funds

B. For covering the checking account falling below the specified minimum balance

C. For automatic transfer of funds

D. Both B and C.

Passage 2

A firm’s cash flows can be divided into cash flow from(1) operating activities,(2)investment activities, and(3)financing activities, The operation activity cash flows are cash flows-inflows and outflows-directly related to origination and sale of the fina ncial firm’s a ssets and to operating costs such as general market activities , security trading activities, interest received and foreclosed

collateral, Investment activity cash flows are cash flows and financial investments. Clearly, purchase transactions would result in cash outflows where as sales transactions would generate cash inflows, The financing activity cash flows result from debt and equity financing transactions. Borrowing and repaying either short-term debt or long-term debt would result in a corresponding cash inflow or outflow. Similarly , the sale of common or preferred stock would result in a cash inflow shereas the repurchase of stock or payment of cash dividends would result in a financing outflow. Summarizing the firm’s operating, investment, and fina ncing activity cash flows during a given period helps to account for changes in the firm’s cash position from the beginning to the end of the period chosen.

Managing cash is a very important activity for financial intermediaries. The cash flow statement provides the basic structure of all sources and uses of cash. The primary reasons that cash management is so important are related to the following aspects of financial intermediaries: Depository intermediaries must hold reserves to meet Federal Reserve Regu lation D reserve requirements, To manage the level of reserves optimally, very precise cash flow statements are necessary.

Financial institutions are subject to very large cash inflows and outflows which requite considerable planning ahead to ensure they take place as required but do not at the same time tie up a large amount of funds unnecessarily in non-earning cash assets.

66. The statement of cash flow helps to explain the change in

A. net profit after taxes

B. retained earnings of a given period

C. the firm’s cash position of a given period

D. financial position of the firm

67. Cash flows from debt and equity financing transactions are said to be a kind of

A. security trading activity

B. operating activity

C. investment activity

D. financing activity

68. Which of the following does not cause cash inflows?

A. Origination of the financial firm’s assets

B. Sale of both operation fixed assets and financial investments

C. Repurchase of stock

D. Borrowing of long-term or short-term debt

69. The cash flow statement provides the basic structure of all

A. assets and liabilities

B. sources and uses of cash

C. items of interest income

D. dividends paid

70. The statement of cash flows helps a firm to manage its

A. assets

B. assets and liabilities

C. capital structure

D. Liquidity position Passage 3

A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of an exporter, It is a guarantee to the buyer that the exporter will fulfill his contractual obligations, If these obligations are not fulfilled, the guarantor undertakes to pay a sum of money to the buyer in compensation. This sum of money can be anything from 1% to 100%of the contract value.

If the bond is issued by a bank, then exporter is asked to sign a counter indemnity which authorizes the bank to debit his account with any money paid out under the bond.

Bonds are usually required in connection with overseas contracts, or with the supply of capital goods and services, When there is a buyer’s market, the provision of a bond can be made an essential condition for the granting of the contract. Middle Eastern countries commonly require bonds , but nowadays many other countries also require bonds, but nowadays many other

countries also requite them. Most international aid agencies, such as the World Bank or the European Development Fund, and most government purchasing organizations in the developing world, now require bonds from sellers.

71. Before a bank issues a bond for the exporter, the issuer and the applicant should have some kind of agreement in form. A. V erbal B. writer C. bond D. L/C.

72. When the supply for a certain service is less than the demand on the market, the requirement by the importer to get a bond is much. A. easier B. more difficult C. more happier D. the same

73. Under the bond terms in international business, if the exporter fails to fulfil its obligations, the compensation should be paid by.

A. the importer’s bank

B. the exporter’s bank

C. the collecting bank

D. the negotiating bank

74. Bonds are commonly used in the Middle East area. So

A. the Middle East banks often issue bonds

B. the Middle East exporters often demand bonds

C. the Middle East insurance companies often issue bonds

D. none of the above three is correct

75. Under the bond terms in international business ,after the bank has paid the necessary compensation, it will make an entry to his customer’s account on the side.

A. debit

B. credit

C. assets

D. liabilities

Passage 4

The beauty of telephone banking is that every major banking service can be delivered via it apart from cash withdrawal. Even this last service can be included in a real sense in stored value card (SVC)schemes which permit the “loading” of cards over the telephone.

The typical range of services available via the telephone are balance enquiry, statement ordering , chequebook request facility, fund transfer, general account queries and a dvice, ordering travelers’ cheques from banks, etc.

Although it forms a large range of services, generally speaking ,telephone banking service may be classified into three principal types.

The first makes use of automated voice response technology, This involves the customer using his tone-phone to send wait are in effect digitized data messages to the system in order to activate a particular service.

The second type of service makes use of human operators entirely and no automated voice response is used. As we can see, even systems which do use automated voice response will use human operators for other than routine transactions.

Finally, some telephone banking services are PC-based: that is, they use a personal computer which interfaces with the system via a data communication process delivered by the telephone. Some PC-based services use the customer’s standard desktop PC, while others make use of a special dedicated terminal which is typically either supplied gratis to the customer or released to the customer by the bank for a nominal charge.

76. What can we say about the range of telephone banking system?

A. Easily accessible

B. Surprisingly broad

C. V ery specific

D. Unexpectedly popular

77. Generally, the messages which are put into the telephone are no other than

A. banking transactions

B. automatic voice response

C. particular orders

D. digitized data messages

78. We are told that second type

A. automated voice response is seldom used

B. human operators are fully used

C. human operators are sometimes used for routine transactions

D. automated voice response system is in full use

79. The word “gratis”in the last paragraph most probably means

A. fully loaded

B. readily available

C. free or change

D. sometimes

80. The headline of this passage would be

A. the types of banking services via telephone

B. the beauty of telephone banking

C. banking on the telephone

D. types of telephone banking system

Part Three Writing

Section One(5%)

Directions: Describe the buyer credit procedure of providing loan to importer’s bank on –lending to the importer, in the order of the numbers given in the chart, Write your answer on the Answer sheet.

Section Two(5%)

Directions: Translate the following sentences into Chinese. Write your translation on the ANSWER SHEET.

1. Although China has introduced current account convertibility, capital account transactions remain under control.

2. If we start the day with a long position of $10,000,000and $2,000,000 spot to a customer and$3,000,000 three months forward to a bank, our position is reduced to $5,000,000.

3. Restructuring a syndicated loan of a financially distressed borrower often requires unanimous agreement of all banks.

4. Commercial bank’s net interest revenue can be affected by fluctuations in market rates as a result of timing differences in repricing of its assets and liabilities.

5. In credit portfolio management, Citicorp emphasizes the importance of asset and earnings diversification, the immediate recognition as losses of all credits judged to be uncollectable, and the maintenance of an appropriate credit loss allowance.

Section Three(10%)

Directions: Write a letter according to the following request ,Write your answer on the ANSWER SHEET.

某国的ABC银行在你行(DEF银行)开设了人民币帐户。过去的帐户余额按5%计年息,从19××年7月1日起将按5.5%计算,透支额6%计。

请按标准格式,代表你行会计部主任向对方发一公函,告示知上述变动,并提醒对方,在你行开设的人民币帐户一般不可透支,要求对方无论休时都要保有贷方余额,出现透支时,随即予以补上。

考题答案

Part One : Listening

1—5DBACC;6—10DDABC ; 11—15BCBCA; 16—20ACDBC

21—25DBACB26—30ACCDD

Part Two : Reading

31—35DDBBD;36—40CAABD ; 41—45 CABAB; 46—50BBBCB;

51—55BCBAAA;56—60BCBAC; 61—65 CCADD; 66—70DDCCB;

71—75BBBDA;76—80BDBCD

Part Three: Writing

Section One:

1. Exporter’s Bank and Importer’s Ba nk conclude a general agreement of export credit. (Importer’s Bank requests and Exporter’s Bank agrees to make available the Facility line pursuant to the terms and conditions of the contract.)

2. Exporter and Importer conclude a supply contract.

3. Export er and Importer make an application to Exporter’s Bank and Importer’s Bank respectively.

4. Exporter’s Bank signs an individual loan agreement with Importer’s Bank to finance the contract after they have accepted the applications, respectively.

5. Exporter’s Bank makes an application for the individual loan agreement to government’s export credit agency.(and the agreement comes into effect after the export credit agency has approved it.) Section Two

参考译文:

1.虽然中国已实现了经常项目的自由兑换,但是资本项目交易仍然受到控制。

2.如果某日初始头寸1000万美元,那么,在卖给一客户即期200万美元和卖给一银行3个月远期300万美元后,头寸便降至500万美元。

3.对借款人陷入财务困境的银团贷款进行重组,通常需要所有银行的一致同意。

4.由于资产和负债重新定价的时间不同,商业银行的净利息收入会受到市场利率波动的影响。

5.在信贷组合管理上,花旗银行强调资产和收益的多样化、对所有已判定为不可收回的贷款迅速确认为损失、以及保持适当的信贷损失准备的重要性。

Section Three:

(DEF BANK’S HEAD)

(Date of Writing this letter)

(Writer’s Reference )

ABC BANK (and its address)

(Attention note)

Dear Sirs,

Change in Interest Rate

This letter is to notify that effective July 1st ,19XX until further notice interest is to be calculated on the credit balance at 5.5% p.a. (instead of 5% at present) and charged at 6% p.a. on overdrafts in your Renminbi Account with us. We would add that. Generally your account is not allowed to be overdrawn and it is hoped that you will see to it that your account always keeps a credit balance and is replenished in time when overdrawn.

Y ours faithfully,

DEF BANK

(My signature)

(My name typed out in capitalized letters )

For (Controller’s name)

(Controller)

中职英语期末试题1

15春英语期末考试 说明:本次考试只交答题卡,试卷自己保存好,考后讲评。 第一部分英语知识运用(共三节共35分) 第一节语音知识从下列各组ABCD四个选项中,找出其划线部分与前面单词划线部分读音相同的选项(共5分) 1. minded A .asked B. believed C. started D. worked 2. think A. earth B. then C. their D. without 3. maps A. beds B. seats C. doctors D. desks 4.ahead A really B bread C repeat D great 5.flood A. book B. good C. blood D. foot 第二节词汇与语法知识从ABCD四个选项中,找出可以填入空白处的最佳选项(共20分) 6. ---What colour is the bike? ---It’s _______ orange. A. an B. a C. / D. the 7. That isn’t her bag. It’s ________. A. my B. I C. mine D. me 8. My mother looks young her age. A. for B. to C. as D. in 9. June 1st is ____ Day all over the world. A. Child’s B. Childs’ C. Children’s D. Childrens’ 10. The family together is important during the Spring festival. A. getting B. to get C. got D. getted 11.–Are those _____? -No, they aren’t. They’re _____. A.sheep; cows B. sheep; cow C. sheeps; cow D. sheeps; cows 12. What’s the weather like today? It’s_________. A. sun B. suny c. sunny D. wind 13. .Which language is ____ , English, French or Chinese? A. difficult B. the difficult C. more difficult D. the most difficult 14.________ of the students are girls, and the rest ______ boys. A. Two third, is B. The two third, are C. Two thirds, are D. Two thirds, is 15. Tom is taller than Mike. But he is not ____ Mike. A. strong as B. so strong as C. so strong D. as strong 16. We can see a large blackboard in front of classroom A./,the B.the,the C./,/ D. the,/ 17. The more you practice , the ______ you draw. A. good B. better C. well D. best 18. The doctor asked the old man to give ________ smoking. A .to B. up C. off D. in 19. There ____ two bowls of rice on the table. A. is B. have C. has D. are 20. _____ can I keep the dictionary? ---A week. A. How soon B. How long C. How often D. How far 21. You’ve never been to the US, ? A. have you B. haven’t you C. do you D. don’t you 22. I’m looking forward to _____ from you . A hearing B. to hear C. to be heard D. to have heard 23. is very interesting in the river in summer A. This, swim B. That, to swim C. It, swim D. It, to swim 24. The girl ____ to bed until very late last night. A. went B. didn't go C. go D. don't go 25. Hurry up, ______ we'll be late for the meeting. A. and B. but C. then D. or 第三节完形填空阅读下面短文然后从所给ABCD四个选项中找出正确答案(10分) One day a famous speaker gave a speech to a crowd of people. He held up a $20 bill. He asked, "Who would like this $20 bill " Hands were 26 . Then he said, "I am going to give this $20 to one of you, but first let me do this." He began to crumple(弄皱)the 27 . He then asked the audience, " 28 still wants it?" Still the hands went up in the air. "What if I do this " He asked, and he 29 it on the ground, and started to step on it. He picked it up. Now the bill was 30 and crumpled. "Now who still wants it?" Still the hands went up. "My friends,” He continued, “You have all 31 a good lesson. No matter 32 I did to the money, you still wanted it because the bill did not lose its value . It was still worth $20. Many times in our lives , we are dropped, crumpled, and stepped on, because we sometimes make wrong decisions, or we may 33 with something we do not expect .When that happens, we feel depressed and think we are 34 . But in fact no

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