2015现代金融业务(综合)模拟试卷6

   Write a bank letter according to the following requirements.

  美国纽约的ABC银行在你行(DEF银行)开设了人民币账户。过去的账户余额按5%计年息，从2008年10月1日期将按5.5%计算，透支额按6%计。

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

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Read the following passage and fill in the blanks with its contents.

  As per the terms and conditions of the Contract No. 123, the payment is to be made by a documentary credit. Now, at the request of the importer, Mr. Houston & His Son, COTOBAML M. A. Hereby 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, 2008.

  On June 1,2008 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, the draft was authorized to be signed by the corporate staff, Grace Peter.

  Bill of Exchange

  NO. 123 Dated (1) .

  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)

(80)

Effective banking supervision requires a set of preconditions to be in place, including sound and sustainable macroeconomic policies and a well developed public infrastructure.

In order to see the basic profitability of financial institutions, it is appropriate to exclude the impact on operating profits of net bond-related gains/losses, write-offs in trust accounts, and net transfer to the allowance for possible loan losses.

Direct lending risk occurs in products ranging from loans and overdrafts to credit cards and residential mortgages. It exists for the entire life of the transaction.

Bond is an interest-bearing government or corporate security that obligates the issuer to make specified payments on a specific schedule to the bondholder.

What made dealers believe that the yen should be stronger?

What was the price of US dollar against mark on Monday?

"Some dealers were quite bearish towards dollar." What does "bearish" mean in this sentence ?

Why did the dollar rally at the beginning of the year?

What is the main reason for dollar's weakness?

The phrase "on an open account" in the third paragraph probably means "______".

The phrase "retained earnings" in the last paragraph probably refers to "______".

The following statements concerning long-term debt are true except that ______.

Which of the following statements is true? Accounts payable are ______.

Current liabilities may include the following items ______.

What is called correspondent banking?

What will happen if there is one commercial bank and no thrifts in a small town?

Who may supply business loans in a remote area if there is no financial intermediaries offering such services?

What do large banks allow individual banks to do?

What are large banks in large cities engaged in besides supplying bank deposit services?

If the balance of the credit card is not fully settled, the cardholder will have to pay a compound interest on the outstanding amount.

Each month the credit cardholder will receive a statement from the bank showing the details of the transactions excluding the total amount outstanding.

Normally, banks will set different credit limits on different customers' credit card ac counts.

A credit card is a plastic card and the like to be used to obtain money, goods, or services and an overdraft is not allowed.

If employees of a bank gamble in foreign exchange dealings with the bank's money, the bank will suffer heavy losses of foreign currencies.

It's unwise for you to use "open" cheques when paying your telephone bills.

Banks face losses from three sources : their own position ; dealing positions taken by employees, and defaults by counter parties to forward exchange contracts and covering transactions.

Banks in international lending face the risks common to all banks: liquidity risk, interest rate risk, credit (asset) risk, and contingent liabilities risk.

If a customer wants to draw cash with a cheque for himself at his own branch, what he needs to do is to write "pay cash" between the parallel lines.

If an "open" cheque falls into some unauthorized person's hand, he can cash it immediately and the bank is not able to trace him.

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Liabilities are usually classified as either current or noncurrent liabilities. Current liabilities are those obligations whose (61) is reasonably expected to require the use of existing resources properly classified as current (62) , or the creation of other current liabilities. This definition of current liabilities emphasizes a short-term creditor's claim to working capital rather than to the due date for (63) purposes. Accounts payable, dividends payable, salaries payable, and taxes payable are examples of current liabilities. Liabilities which are not current liabilities are (64) as noncurrent or long-term liabilities. Bonds payable and mortgages payable are examples of (65) liabilities.

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FLOOR BROKERS, when a commission broker has (56) that he cannot execute personally because of their number or because of the activity of the market, he engages the services of a floor broker. These floor brokers were once referred to as $ 2 brokers, because at one time they charged a fee of $2 per (57) ; today this fee is (58) higher. Commissions are shared on these orders. It is easy to see that smaller commission brokers are especially prone to (59) by an influx of orders. The floor broker, as a freelance operator, provides a (60) function in ensuring that the exchange's business is conducted rapidly and efficiently.

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To whom is an endorser liable if the bill of exchange is dishonored?

From the point of view of a Chinese bank, ______ is our bank's account in the books of an overseas bank, denominated in foreign currency.

Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets are called ______.

The available resources for the IMF to finance lending are ______.

Under the documentary credit, which of the following is false?

The money market is a dealer market where, over the telephone or through electronic systems, ______.

The other main source of revenue for a bank is fee income, or called ______ income.

A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.

The cost-volume-profit (C-V-P) analysis can be used in making decisions about ______ and so on.

Which of the following is not among the generally accepted accounting principles?

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听力原文：  If you want to invest money at short term, you've got several possibilities: first, a current account. This gives you the possibility of having all your money at your immediate disposal. It also entitles you to a cheque-book. Second, you've got a deposit account, which usually pays about 3. 5% interest, less tax. In that respect, a deposit account's a better investment than a current account. However, though you are entitled to a cheque-book, you can only withdraw up to a certain sum each month. For large amounts, you must give the bank a few months' notice. Finally, you have certificates of deposit. These pay in the order of 6.5% interest.

28. How many possibilities are there for a customer to invest money at short term?

29.With what kind of deposit can a customer NOT use a cheque-book?

30.What is the interest rate for maintaining a deposit account?

(28)

听力原文：  Some banks offer other types of loans repayable by monthly installments, such as business development loans, house improvement loans, and farm development loans. These may be either secured or unsecured. Secured loans attract a slightly lower rate of interest than unsecured loans. Some banks offer revolving credit schemes. These normally involve loans repayable by regular monthly installments, but they differ from other loans repayable by installments in two respects. First, the borrower need not take up the full amount of the loan at the outset. Secondly, as his repayments reduce his indebtedness, he can "top up" his loan by borrowing more, provided that the total debt outstanding does not exceed his agreed credit limit. In 1967 some banks introduced a new form. of account called a "budget account". The object is to allow personal customers to spread the incidence of normal personal and household expenditure.

24. Which of the following loans is not repaid by installments?

25.Which of the following loans would attract a lower rate of interest?

26.How does a borrower "top up" his loan?

27.What is the objective of introduction of the budget account?

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短文理解

听力原文：  The Tokyo stock market responded calmly yesterday to the collapse of two Japanese financial institutions, with prices finishing higher on strength in high-tech issues. The US dollar fell back against the Japanese yen.

  The dollar started higher in Tokyo amid concern about the collapse of the nation's largest credit union and Hyogo Bank, a regional bank based in Kobe. It reached 99.40 yen at one point, its highest level since 99.45 yen on February 8.

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听力原文：M: Good afternoon, Madam. I want to exchange some US dollars for RMB Yuan. I've got USD 500.89.

W: All right. This is an exchange memo. Please fill in your name and the amount you intend to change.

Q: How much US dollars does the man want to exchange?

(19)

听力原文：W: With the convenience of bankcards, more and more people prefer bankcards to personal checks.

M: I agree. People like bankcards because they offer greater safety and convenience than personal checks.

Q: What can be inferred from the conversation?

(20)

听力原文：M: Excuse me, Ms Li. Could you tell me what kind of drawings do you like to make, by cheque or upon presentation of your deposit book?

W: I'd prefer to draw by cheque.

Q: What account does Ms. Li want to open?

(17)

听力原文：W: Did you hear about Mr. William's case last week?

M: Yes. It's too terrible. As a matter of fact, he should not issue an open cheque in favor of a third party. Anyone who holds it would present it to the paying bank and obtain cash against it.

Q: What happened to Mr. Williams?

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听力原文：M: Good morning! This is a demand draft for one thousand American dollars. May I have it discounted here?

W: Sorry, immediate encashment of a foreign bill is not allowed. You may entrust it to us for collection. But it takes time.

Q: What should the man do if he wants to get the payment of the draft?

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听力原文：W: What's the value of US dollars now?

M: It's inflated and is losing value against Euro and RMB, while RMB is depreciated against Euro.

Q: What does the man think of the US dollars?

(14)

听力原文：M: It is reported that in some countries banks are not allowed to make investments in equity securities.

W: Generally commercial banks may invest only in those securities that are rated as "investment grade", or have bond ratings in the top four categories.

Q: Where are banks only allowed to make investments?

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听力原文：W: Manager, I have to inform. you that there is an error in our invoice to Mr. Smith for the shoes he ordered on May 25.

M: OK, just change "carriage forward" to "carriage paid". We can't lose this customer.

Q: What did the customer order on May 25?

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对话理解

听力原文：W: I know there are some elements which will affect the investors' searches for the highest possible returns. What are they?

M: Risk aversion, lack of time, lack of skill, and other mortal conditions.

Q: Which of the following doesn't belong to the elements which will constrain the investors' searches for the highest possible returns?

(11)

听力原文：M: CDs can be traded in the money market at any time. They are more flexible than fixed-term deposits.

W: That's right. So banks usually offer slightly lower interest rates on them.

Q: Which of the following has a higher rate?

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听力原文：Although the said company is a sun-rising firm, its accounting management should be improved before the loan is extended to it.

(9)

听力原文：A currency swap is a second technique for hedging long-term transaction exposure to exchange rate fluctuations.

(10)

听力原文：The owners of limited companies are people who have bought shares in the company.

(6)

听力原文：In foreign exchange transactions, a forward purchase is an undertaking to buy a particular amount of foreign currency for delivery and settlement of a future date.

(7)

听力原文：Banks make money in the foreign exchange dealings not on profit margin but on volume.

(8)

听力原文：The encashing bank forwards the cheque to the drawer's bank for payment and reimbursement.

(5)

听力原文：If a letter of credit is issued irrevocably, it can't be canceled nor amended without permission.

(4)

听力原文：From the lender's viewpoint, moral hazard is the risk in financial markets that some borrowers may engage in activities that are undesirable or immoral.

(3)

单句理解

听力原文：These time deposits earn higher interest rates, which may be fixed or floating, but no withdrawals are allowed until the term has ended.

(1)

听力原文：The financial reporting is used to provide information useful for making investment and lending decision.

(2)