fect光盘中的模拟题五.doc

当前位置：首页. 测试. Model Test 5. Listening.Part One ListeningSection 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. Now you will hear the example:She went to the bank with Mr. Smith.You will read:A. She went home. C.She went to the bank.B. She liked Mr. smith.D.She went to Mr. Smiths house.Statement C, She went to the bank is the closest in meaning to the statement She went to the bank with Mr. Smith. Therefore, you should choose answer C. Now listen to the statements. 1. A. The next day. B. The coming Friday. C. Next Saturday. D. The following Monday. 2. A. We hope our funds can be increased. B. To get back the money is our hope. C. We hope our funds can be kept without danger. D. To make more profit is our hope. 3. A. We would like to be paid for the stock. B. We would like to adapt ourselves to the present situation. C. Installment is acceptable for the transactions at present. D. We would like to store our money here. 4. A. Banking globalization is in danger at present. B. Its too early to stage banking globalization. C. Banking globalization is an urgent challenge. D. An urgent problem is facing banks all over the world. 5. A. They usually hold savings accounts. B. They have current accounts. C. They specialize in long-term savings accounts and mortgages. D. They deal in short-term savings accounts. 6. A. the remitting bank B. the negotiating bank C. the remitting bank D. the collecting bank 7. A. a sight draft b B. a usance draft C. an overdraft D. a clean draft 8. A. Deflation results from the reduction in the money supply. B. The money supply has been reduced. C. The demand for the money supply has gone up. D. Inflation shows an increase in the money supply. 9. A. The merchant expects his goods to be sold quickly. B. The dividend increase made the stockholders pleased. C. The Workers are pleased with the wage increase. D. The stockholders have no dividend this year. 10. A. I dont think theres a mistake on my statement. B. I dont think theres an error on the financial statement. C. I think theres a mistake on my monthly statement. D. I think theres a mistake on the auditing statement. 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. The 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 Now you will hear :M: Does our bank have a direct correspondent relationship with the Bradalys Bank?W:No, we dont. 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. 11. A. 8%. B. 16%. C. 22%. D. 32%. 12. A. Restaurant. B. Super market. C. ticket office. D. Hotel. 13. A. a mortgage loan B. a start-up loan C. a consumer loan D. an interbank loan14. A. 2,000 Euros B. 20,000 Euros C. 676.02 Euros D. 672.06 Euros15. A. The woman cant get cash before the proceeds are collected. B. There is something wrong with the proceeds. C. The woman will be paid directly by the paying bank. D. The personal cheque cant be encashed over the counter. 16. A. Some yen notes. B. Some yuan notes. C. Some dollar notes. D. Some pound notes. 17. A. of the house value. B. of the mortgage value. C. of the banks appraised value. D. of the depreciated value. 18. A. The size of the box. B. The location of the box. C. The value of the box. D. Both A and B. 19. A. open an account B. cross a cheque C. cash a cheque D. draw a line of credit 20. A. a savings account B. a fixed account C. a checking account D. a checking accountSection 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 wi1l 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 Questions 21-24 are based on passage 1 21. A. exporter B. importer C. supplier D. producer 22. A. advising bank B. correspondent bank C. reimbursing bank D. agent23. A. when the merchandise ordered is shipped. B. when the importer either pays the draft or accepts it. C. when the contract is signed D. when the exporter applies for collection. 24. A. Bill of Lading B. Commercial Invoice C. Insurance Policy D. Certificate of Origin Questions 25-27 are based on passage 2 25. A. Those who have large sum of money at home. B. Those who will be away for a long time. C. Those who will stay at the bank for a long time. D. Those who will deposit a large sum of money for a long time.26. A. favorable rates of interest. B. negotiable C. issued in Sterling and US dollar D. Both A and B. 27. A. The holder will receive more for the CD when negotiating it. B. The holder will receive less for the CD when negotiating it. C. The holder will keep the CD for longer time. D. The holder will get back only the nominal value of the CD.Questions 28-30 are based on Passage 3 28. A. On spot. B. Over the counter. C. Over computer screens. D. Subject to collection. 29. A. Just overnight. B. more than 2 days. C. A few hours. D. Between overnight and 2 days. 30. A. savings accounts. B. Checking accounts. C. Loan accounts. D. Above all. 当前位置：首页. 测试. Model Test 5. Reading. Part two ReadingSection One (10%)Directions: There are ten statements in this section. For each statement there are four choices marked A，B，C，D. You should choose the best answer. 31. The fixed exchange rates system suggested that no change in parity could take place without the Funds approval which however could not be withheld if the change did not exceed _. A. 5% B. 10% C. 15% D. 20% 32. If spot exchange rate today is 1=USD1.4 and forward exchange rate (one year) is 1=USD1.3440, then _. A. forward discount on pound is 4% B. forward premium on pound is 4% C. forward discount on pound is 4.17% D. forward premium on pound is 4.17% 33. The balance sheet is a statement of the financial position _. A. at a specified point in time B. during a particular period C. for a year D. none of all 34. _ is the foundation of private accounting, which analyzing a businesss costs to help managers control expenses. A. Budgeting B. Management information system C. Internal auditing cost accounting D. Cost accounting 35. When operations produce a positive cash flow, we say there is _ . A. a net inflow B. a net outflow C. a swap position D. a square cash position 36. The most volatile accounts in recent years have been _. A. the current accounts B. the trade accounts C. the short-term capital account D. the long-term capital accounts 37. Sales total USD400, 000, cost of good sold is USD225, 000, and operating expenses are USD10, 000, how much is gross margin? A. USD30, 000 B. USD15, 000 C. USD35, 000 D. USD5, 000 38. If China has a favorable movement in the balance of payments, then _. A. the exchange rate will appreciate B. the exchange rate will depreciate C. the RMB exchange rate will appreciate D. the foreign exchange rate will depreciate 39. _ exchange rates system has the advantage of avoiding the competitive depreciation of exchange rates. A. Floating B. Managed floating C. Fixed D. Flexible 40. _ exchange rates system has the advantage of being free to carry out an independent monetary policy, without too much attention to the balance of payments. A. Floating B. Pegged C. Fixed D. Any Section Two (10%)Directions: There are 10 blanks in the following passages. For each blanks there are four choices marked A, B, C, D. You should choose the best answer.When the exporter is well acquainted with _41_ of the buyer and entertains _42_ doubt about his solvency, or when the exporter sells goods to his own overseas branch or subsidiary, he may be prepared to ship his goods _43_ open account. Under this device, the exporter sends his documents to the buyer who remits in due course or at agreed intervals the agreed price either by T/T or by M/T through a bank. The exporter makes _44_ date for payments of the goods shipped. Instead, he is prepared to rely on his past experience of the buyers integrity to effect settlement at the proper time. As there may be a period of waiting in between the dispatch of goods and payment, it may become necessary to render financial aid to _45_ the buyer _46_ the exporter. Here banks often grant export finance in a variety of forms of which the following are the principal ones: The exporters bank may make an advance to him _47_ his shipping documents with or without a bill of exchange during the course of collection abroad. The advance would be for _48_ the value of the bill or documents both of which serve as collateral, and interest at _49_ would be charged on the amount of the advance until the proceeds are _50_. 41. A. the position B. the situation C. the status D. the financial status 42. A. no B. in C. with D. on 43. A. in B. on C. to D. for 44. A. precise B. exact C. definite D. no precise 45. A. both B. neither C. either D. whether 46. A. and B. nor C. or D. or not 47. A. against B. on C. for D. to 48. A. any percentage of B. an fixed percentage of C. an agreed percentage of D. a determinable percentage of 49. A. affixed rate B. a determinable rate C. any rate D. an agreed rate 50. A. paid B. prepaid C. collected D. received Section Three (10%)Directions: Read the following passages, and determine whether the sentences are Right or wrong. If there is not enough information to answer right or wrong. choose Doesnt say. Interest on Lawyers Trust Accounts IOLTAs, are offered to lawyers and firms to comply with the handling of funds being held in trust on behalf of clients. Interest earned on these accounts will be paid to the Texas Equal Access to Justice Foundation. 1. Accounts may be opened without a minimum deposit. 2. Interest will be calculated based on the average daily balance for the month. No minimum balance is required for this account to earn interest for the month. Interest will be credited to the account on the first of each month before being withdrawn and remitted to the Texas Equal Access to Justice Foundation. 3. A maximum of $10.00 handling/service charge per account will be deducted from the accumulation of all interest paid on this type of account. 4. All other terms, conditions and fees apply according to the Membership and Account Agreement, Truth-In-Savings Rate and Fee Schedule and Funds Availability Policy Disclosure. 51. IOLTAs must be opened with a minimum deposit. A. Right B.Wrong C.Doesnt say52. No minimum balance is required for this account to earn interest for the month. A. Right B. Wrong C. Doesnt say53. Interest on Lawyers Trust Accounts, are offered to lawyers and firms to comply with the handing of funds being held in trust on behalf of clients. A. Right B. Wrong C. Doesnt say54. IOLTAs main clients are accounters. A. Right B. Wrong C. Doesnt say passage 2 The exchange rate of a particular foreign currency changes as the supply and demand conditions in that country or its trading partners change. Such shifts may occur because of changes in tastes, technological improvements, weather, political upheavals, war, and so on. A poor harvest in one country will increase its demand for agricultural products from other countries and, unless offset by a reduction in import demand in some other product or an increase in its exports, will cause its exchange rate to decline in terms of the currencies of crop-exporting countries. Likewise, a technological improvement reducing the domestic cost of production of a good may increase the quantity of that goods demanded by foreign as well as domestic markets. Unless export of some other product decline or imports climb by the same amount, the domestic exchange rate will increase in terms of foreign currencies. 55. Exchange rate changes according to supply and demand. A. Right B. Wrong C. Doesnt say56. When we spend more than we earn, then the exchange rate of local currency will appreciate. A. Right B. Wrong C. Doesnt say57. One country needs foreign currencies because it has to pay bills for imports or makes financial investments in foreign countries. A. Right B. Wrong C. Doesnt say passage 3 The primary justification for banking supervision is to limit the risk of loss to depositors, and by so doing to maintain public confidence in banks. And while supervision naturally focuses on the individual bank, supervisors must also be alert to the possibility that problems in one institution may have wider, systemic repercussions on others, or on the integrity of the payments system. 58. Supervisors have the obligation to save a failing bank. A. Right B. Wrong C. Doesnt say59. Supervisors usually pay more attention to the individual bank. A. Right B. Wrong C. Doesnt say60. A sound bank will not suffer from the bankruptcy of other unrelated banks. A. Right B. Wrong C. Doesnt say Section Four (20%)Directions: There are 4 passages in this sections. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A, B, C, D. You should choose the best answer. Passage 1Factoring refers to a practice whereby you sell your receivables for a discount before they are due. Historically, factoring has been heavily used in some industries, such as the garment industry, and less in others. Today, however, entrepreneurial factoring companies are willing to buy creditworthy receivables from just about any industry. Factoring is a relatively expensive means of obtaining financing. You are paying for the cost of the capital, the extra risk including bad debt, and the paperwork factoring requires. If you can finance your business through other sources, particularly the more traditional ones, you will certainly save money.However, factoring can be a cash bonanza to a growing business, especially one that cannot obtain the necessary capital through traditional borrowing. 61. Factoring is a relatively _ means of obtaining financing.A. cheap B. expensive C. free D. hard 62. Factoring can be a cash bonanza to a growing business, especially one that A. cannot obtain the necessary capital through loan B. cannot obtain the necessary capital C. cannot obtain the necessary capital from financial institutes D. cannot obtain any fund. 63. Factoring refers to a practice whereby you sell your _ for a discount before they are due. A. capital B. goods C. stocks D. receivables 64. Factoring is a kind of _. A. means of payment B. payment system C. international settlement D. loan 65. Factoring was once used heavily in _. A. industry B. bank C. garment industry D. company Passage 2Bank CD is the instrument uniformly figuring in the investment options of most investors. Bank of India CDs are safe, FDIC insured & offer decent returns. There is no brokerage, no fees or hidden costs. However, the Bank may impose a fee for administrative expenses involved in any legal action in connection with the CD. Look at our Star CD plan below. High Interest: Higher on Large amount Our rates on certificate of deposits are among the best in the industry. The rate may vary on day-to-day basis. For CDs of above $250,000.00, The interest is simple i.e. not compounded; therefore, annual percentage yield is same as annual interest rate. The interest is payable on the day of maturity of deposit. Interest paid during the year is reported to Internal Revenue Services. For todays rates please refer to Current Rates of Interest on STAR CDs. Maturity Period: Flexible to your needs You may choose any maturity date with a minimum period of 7 days to a maximum period of 1 year to suit your needs. Your CD is automatically renewed for the same period in absence of any other instruction, at the ruling rate of interest on the date of renewal. There is no grace period for automatic renewal of deposits on maturity. For deposits issued for 1 year or more, we send maturity notices to the depositors 2 to 4 weeks bef