2015现代金融业务(综合)专家预测试卷

  Describe the procedure of direct bonds according to the numbers given in the following charter. Write your answer on the ANSWER SHEET.

  Write a bank letter according to the following requirements. Write your answer on the ANSWER SHEET.

  我们已收到以上跟单汇款，很抱歉，由于以下不符之处，我行不能付款。

  收到的质量、数量保证书是由受益人发的签发的，而信用证要求由制造商或公安检查机关签发关于商品质量、数量或我不是的证明。

  并要求通行受益人.

Foreign exchange includes various means of payments and assets denominated in a foreign currency that can be used for international settlement.

Common stock is paid in capital, which is regarded as the permanent capital of the business because it is not subject to withdrawal by the shareholders.

Written policies and procedures governing municipal securities activities should be maintained by state member banks engaged in these activities.

The management of the company is to raise ______.

The important distinction between the external financial market and the domestic financial market lies in that Eurocurrency banking is not subject to domestic banking regulations.

According to the passage, the phrase " holding shares in street name" probably refers to ______.

Being a shareholder of a public company means that ______.

The word "stake" in the first paragraph probably stands for ______.

The word "acquire" in the first paragraph probably means "______".

What is the alternative name of the World Bank?

It is important to note that ______.

Which of the following transaction is not included in Chinese balance of payments?

Which of the following statement is true?

What is the balance of payments?

What can we learn from the third part of the passage?

Which of the following is not mentioned in the passage?

Into what kind of account can a savings deposit be transferred at the same bank?

How do people draw money with a commercial bank against a NOW account?

Organization costs must be amortized into expenses within 5 years.

Organization costs is listed in income statement.

Which of the following is excluded from the commercial bank deposits?

It is an institution affiliated party who engages in misconduct that should be responsible consequences of his or her misconduct.

Organization costs are belong to assets.

A state member bank should not pay a fine or other final judgment issued against an institution-affiliated party for misconduct.

If any government imposes exchange control on the repatriation of profits, there will be sovereign risk.

The federal law and the FDIC's regulations have the same power of financial supervision.

The payments for either spot transactions or forward transactions must be made by transferring deposits.

As financial intermediaries, banks can make the maturities of forward contracts infinitely long if their customers expect.

A great number of forward contracts are made directly between people who take part in the foreign exchange markets.

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Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes to one of the ten-regular commercial paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells its notes directly in the market, without the intermediation of the (62) . This is the method used primarily by sales-finance companies because they (63) in the market on a virtually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (64) items, for example, automobiles, refrigerators, and television sets. These companies find the commercial paper (65) particularly well suited to their needs since it enables them to adjust to swings in demand for installment purchases.

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Insurance policies usually contain a (56) clause that excludes a fixed amount of the loss from (57) Casualty insurance policies frequently contain a coinsurance clause in the contract. A coinsurance clause provides that the insurance company shall be liable (58) only a portion of any loss (59) by the insured unless the insured carries insurance which totals a certain percent, frequently 80-90 percent of the fair value of the asset. In the (60) of a loss, the insured recovers from the insurance company that portion of the loss which the face of the insurance policy bears to the amount of insurance that should be carried as required by the coinsurance clause.

(41)

Interest on a bank overdraft will be charged to a firm's ______.

The main objective of the Exchange Equalization Account is to ______.

If the IMF members' borrowing needs are larger than its forward commitment capacity, the IMF will ______.

A bond with an adjustable interest payment is termed ______.

Treasury bills are issued ______.

A documentary credit is received without a stipulation of whether partial shipments are allowed. Which of the following statements is applicable?

In a letter of credit transaction, the bank pays the seller against ______ which agree (s) with ______.

Regulation of the money supply and financial markets is referred to as ______.

Which of the following statements is false about zero-coupon bonds?

What is a documentary letter of credit?

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听力原文：  The importer will require a full set of bills of lading in order to obtain the goods from overseas port. The bills of lading can only be obtained by payment of the bill of exchange (D/P) , or by acceptance (D/A). Therefore, the importer cannot obtain the goods without paying or accepting the bill of exchange, and conversely an exporter retains control of the goods until payment or acceptance of bill of exchange. When goods are sent by air, the airway bill could show the importer's bank as consignee. Once again the importer must pay or accept a bill of exchange to be able to obtain the goods. Once the importer has paid or accepted the bill of exchange, the importer's bank will issue a delivery order. The delivery order is an authority, signed on behalf of the bank, authorizing the airport to release the goods to the named importer.

27. What will the importer require to obtain the goods from oversea port?

28.What's the meaning of D/P?

29.How can he importer obtain the goods ?

30.When goods are sent by air, who can issue a delivery order to release the goods?

(27)

听力原文：  Banker's acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not have other credit arrangements will first obtain a letter of credit from its own bank. The letter will authorize the foreign seller to draw a draft on the company's bank. A draft, or bill of exchange, as it is sometimes called, is a debt instrument. It can be made payable on sight, that is, upon presentation, payable upon arrival of merchandise, or payable in a fixed number of days. A draft can be made payable in, say, 30 days after it is presented to the bank against which it is drawn. This draft can be discounted at the seller's bank so that the seller receives immediate payment.

24. What gives rise to the bankers' acceptance?

25.In how many days can a draft be made payable after it is presented to the bank against which it is drawn?

26.How can the seller receive immediate payment if the draft is made payable on a future date?

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短文理解

听力原文：  A standby credit letter (SCL) is a contingent obligation of the letter's issuer. The issuing bank agrees to guarantee the credit of its customer or to guarantee the fulfillment of a contract made by its customer with a third party. The issuing bank earns a fee from providing the service of SCL. In general, the fee is relatively low and usually around 0.5 percent to 1 percent of the amount of credit involved due to the following reasons. On the one hand, the issuing bank may have previously analyzed the financial condition of its standby credit customer, and the probability is low that the issuer of the credit guarantee will ever be called upon to pay. On the other hand, the issuing banks carry zero reserve requirements and avoid the booking of additional assets, which would also require each bank to acquire more capital.

21. Is SCL same as revocable letter of credit according to the passage?

22.What will the issuing bank do for a standby credit letter?

23.Why is the service fee of SCL relatively low?

(21)

听力原文：W: It is said that there are some check authorization systems currently in use.

M: But they are cumbersome relative to the computerized credit card validation systems.

Q: What does the man think of the check authorization systems?

(20)

听力原文：M: As a means of international settlement, what is the main role of a credit card?

W: Its main role is to transfer the payment obligation from payer to bank. It makes the payment safer for the exporter with the bank' s credit and guarantee, and simultaneously makes the supply of goods safer for the importer.

Q: What is the main role of a letter of credit?

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听力原文：M: Good morning! I've lost my traveler's cheques. I wonder if you could get in touch with the issuing bank to claim refund for me.

W: Don't worry, Sir. But I need some detailed information before I contact your issuing bank.

Q: What did the man lost?

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听力原文：M: If a customer lost his draft, will the bank still pay the draft to him?

W: The drawee bank may investigate the title of the person who holds it. If he has a good title, the draft will be paid.

Q: What will the drawee bank do after being informed of loss of a draft?

(18)

听力原文：M: So your division in the bank is to ensure that your customers receive payment for the goods they expect.

W: That's where we can help an exporter like your corporation. We often hear people say that exporting is easy, but to get paid is hard work.

Q: What is the relationship between the speakers?

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听力原文：M: The formal yardstick of performance of a business is the financial statements. They are issued at periodic intervals.

W: You are right. I find the comparison of financial statements between one year and the next, particularly helpful in understanding a company's performance.

Q: What are they talking about?

(16)

听力原文：M: Time deposits are not allowed to be withdrawn without notice, is it?

W: Yes, but there is an exception. We can draw limited amount from a kind of time deposits called instant savings account at a time without giving any notice to the bank.

Q: What is the exception mentioned in the dialogue?

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听力原文：M: What's the interest rate on mortgage loans?

W: It fluctuates a little depending on the various factors in the loan, but around 8.75% for long-time clients.

Q: What are they talking about?

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听力原文：M: Do I have to have an account here to cash a personal check?

W: Not if it's drawn on this branch.

Q: What will the man probably do?

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对话理解

听力原文：W: Is it necessary for me to make a note of all my assets?

M: Yes, of course, thus you can work out what sort of investment suits you and over what time frame.

Q: Why should the woman make a note of all her assets?

(11)

听力原文：A revolving documentary credit in relation to value involves the buyer and the banks in an incalculable liability.

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听力原文：We found that the documents we received did not comply with the requirements.

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听力原文：Future contracts have to be standardized, or floor trading would be slowed down considerably as brokers would have to assess contract specifications.

(9)

听力原文：Cash dividends are paid to each shareholder based on the number of shares that a shareholder owns.

(7)

听力原文：They will write to their home office to waive their claim.

(6)

听力原文：The bank must consider carefully whether the loan is to be used in any illegal activity or for speculative purpose.

(4)

听力原文：Historically, when the Fed lowers the discount rate, stock prices tend to rise; when the Fed raises the discount rate, stock prices are likely to move downward.

(5)

听力原文：I'm afraid there isn't enough money in your account to cover the cheque you wrote for your new car.

(3)

单句理解

听力原文：Although CDs cannot be withdrawn, they can be marketed, that is sold, at any time.

(1)

听力原文：The bank of China is a state-owned enterprise and is a specialized foreign exchange bank of the People's Republic of China.

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