2021吉林金融英语考试真题卷

1、第 页2021吉林金融英语考试真题卷本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.BSection One/B Directions: In this section, you will hear ten 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

2、 suggested answers marked A, B, C and D, and decide which is the best answer. AThe objective of financial reporting is to provide information useful for making investment and lending decisions.BThe financial reporting is useless.CThe financial reporting cant help people to decide whether they invest

3、 on something or not.DThe financial reporting has no objectives. 2.AReturning the cheque.BDrawing the cheque in ink.CDrawing the cheque in lead-pencil.DGoing to the paying bank. 3.BSection One/B Directions: In this section, you will hear ten short statements. Each statement will be spoken only once.

4、 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. ASome borrowers are engaged in undesirable activities which are considered immoral.BSome lenders are engaged in undesirable activities w

5、hich are considered immoral.CMost borrowers dont engage in activities that are undesirable or immoral.DMost lenders dont engage in activities that are undesirable or immoral. 4.AThe payments of her draft.BThe collection of her draft.CThe exchange of some dollars.DThe opening of her account. 5. Direc

6、tions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A, B, C, D, and decide which is the best answe

7、r. AThe interest rate of savings account.BThe discounting rate for drafts.CThe rediscounting rate.DThe interest rate for loans. 6.AThe company is a sun-rising firm so it is worthwhile to extend the loan.BThe company has some accounting problems, some improvement is needed.CThe company is short of fu

8、nds because it is sun-rising.DThe company has some accounting problems because it is sun-rising. 7.AStandard Chartered Bank, London is one of our correspondent banks.BWe can advise this L/C through Standard Chartered Bank, London.CWe will send the advice of the L/C directly to the beneficiary.Dnothe

9、r bank will be chosen as the advising bank of this L/. 8.BSection One/B Directions: In this section, you will hear ten 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

10、 D, and decide which is the best answer. An irrevocable L/C can not be committed to amendment.Bn irrevocable L/C can not be cancelled without permission.Cn irrevocable L/C can not be cancelled or amended.DNeither cancellation nor amendment without permission can be made to the irrevocable L/. 9. Dir

11、ections: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A, B, C, D, and decide which is the best ans

12、wer. AAccounting basis.BCash basis accounting.CAccounting control.DThe chart of accounts of a bank. 10.AA currency swap is a better way to convert the long-term transaction into a spot transaction.BA currency swap makes long-term transaction exposure to exchange rate fluctuations.CA currency swap is

13、 a better way to reduce the risks of the long-term transactions owing to the exchange rate fluctuations.DA currency swap can in no way reduce the risk of exchange rate fluctuations. 11.BSection One/B Directions: In this section, you will hear ten short statements. Each statement will be spoken only

14、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. AThe paying bank sends the check to the remitting bank for repayment.BThe remitting bank sends the check to the paying bank for rep

15、ayment.CThe collecting bank sends the check to the remitting bank for repayment.DThe remitting bank sends the check to the collecting bank for repayment. 12.ACounter No.12.BCounter No.6.CCounter No.15.DCounter No.16. 13.AA savings account.BA fixed account.CA check account.DAn automatic transfer acco

16、unt. 14. Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. BPassage

17、 One/BAIt allows you to use a cheque book.BIt earns interest for you.CThe bank will charge you for this account.DNo charges will be paid if it remains in credit. 15.BPassage Three/BATo pass the full title to the endorsee.BTo inform the importers bank to negotiate.CTo strengthen the liability of the

18、endorsee.DTo limit the endorsers liability. 16.BSection One/B Directions: There are three 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. Passage 1 Most commercial letters of credit are docu

19、mentary, meaning that certain documents must be included with any drafts drawn under the terms of the credit. Documents required usually include an order bill of lading, a commercial invoice, and any of the following: consular invoice, insurance certificate or policy, certificate of origin, weight l

20、ist, packing list. The first is the standby letter of credit, in which the issuing bank undertakes to pay if the 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 partys

21、certificate certifying the non-payment by the applicant. The second is the indemnity for minor discrepancies in the documents given to the shipping company so that the issuing bank may make payment or the shipping company may release goods to the applicant.According to the passage, a documentary let

22、ter of credit is one which _. Aincludes any draftsBincludes drafts accompanied by invoice, bill of lading and other documentsCis accompanied by invoices, bill of lading and other documentsDis accompanied by drafts as well as insurance policy and commercial invoices 17. Passage 2 Bankers acceptances

23、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 companys bank. It can be made payable o

24、n 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 sellers bank so that the seller receives immed

25、iate payment. If this is done, the draft can be sent through correspondent banks back to the domestic bank against which it is drawn. The domestic bank can buy the draft, a short-term loan agreement to be paid by the company buying the goods abroad. This action would tie up bank funds. Alternatively

26、, the bank can stamp the draft accepted with the appropriate signature, thereby indicating that the bank guarantees the draft, and then sell it in the secondary market.What gives rise to the bankers acceptances AThe money markets.BThe banks.CThe international trade.DThe buying and selling of goods.

27、18.BPassage Two/BAA plastic card.BA plastic card used by cardholder to purchase goods or services, or withdraw cash.CSomething used to purchase goods or services, or withdraw cash.DA machine can be used to withdraw cash. 19. Directions: In this section, you will hear three short passages. At the end

28、 of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. BPassage One/BA11%.B3%.C7%.DIt fluctuates. 20.BPassage Three/BAThey may look to all other pa

29、rties prior to the qualified endorser.BThey may look to all other parties prior to the qualified endorser.CThey may look to all other parties prior to the immediate endorsee.DThey may look to all other parties prior to the immediate endorsee. 21.BSection One/B Directions: There are three passages in

30、 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. Passage 1 Most commercial letters of credit are documentary, meaning that certain documents must be included with any drafts drawn under the terms of the

31、 credit. Documents required usually include 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. The first is the standby letter of credit, in which the issuing bank undertakes to

32、 pay if the 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 partys certificate certifying the non-payment by the applicant. The second is the indemnity for minor discre

33、pancies in the documents given to the shipping company so that the issuing bank may make payment or the shipping company may release goods to the applicant.A clean credit is one which _. Acalls for no presentation of itBis used instead of first demand guaranteeCis used without presentation of any do

34、cumentsDis the same as an unconditional first demand guarantee 22. Passage 3 Futures are used for three purposes; hedging, speculating and arbitraging. This passage is only concerned with hedging, but it should be noted that speculators and arbitrageurs play a particularly important role in the mark

35、et. It is largely the speculators who take on the risks that the hedgers seek to shed, while the arbitrageurs, by ensuring that futures prices constantly stay in line with other markets, give both hedgers and speculators the confidence that they are doing their deals at the right price. The volume o

36、f deals for arbitrage and speculation purposes is much higher than that for hedging purposes. This is similar to the foreign exchange markets, where it has been estimated that, the foreign exchange business needed in any one year for commerce and tourism is all done by 11 a.m. on 2, January, while t

37、he rest of the year is taken up with speculating and arbitraging. However, the purpose of the futures markets and what makes them different from a simple gambling ring in the eyes of the law, is to provide a service to those commercial enterprises which seek to hedge their risks. It is their money w

38、hich drives much larger volume of other transactions and not the other way round. You might have expected, as is certainly the case in most other financial markets, that big institutions would be more ready and able than small individuals to shoulder the risks involved in dealing speculatively in fu

39、tures. However, futures markets are exceptional in this regard. In contrast to other financial markets, which are dominated by big institutions, or at least by fairly sizeable firms, the lifeblood of a successful futures market is its localsindependent firms of only a few individuals trading for the

40、ir own account. It is these quick-witted, aggressive and generally rather blunt-spoken individuals, viewed usually by outsiders with the utmost mistrust, who take the risks that others use the futures market to shed, and provide the markets with the liquidity without which they would he dead. The si

41、ngle reason why Chicago took off as a financial futures market where others lagged behind is that the CBOT and IMM already had a large pool of locals ready to turn their hand from soya beans to long bonds and provide the new contracts with risk-taking capacity.According to the passage, the main purp

42、oses of futures contracts are _. Ato hedgeBto speculateCto arbitrageDall of the above 23.BPassage Two/B Commercial banks provide long-term mortgage loans to borrowers (consumers) to purchase houses/land. The ownership of the U (61) /U remains in mortgagee and the possession of property usually remai

43、ns in U (62) /U unless and until the occurrence of default or full repayment. Maturity of such loans is usually 30 years and the interest rates are U (63) /U Maximum amount of such loans is U (64) /U of the property value, and the balance should be paid U (65) /U as down payment. AlandBpropertyCbank

44、Dcredit 24. Passage 2 Bankers 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 t

45、he companys bank. 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 sell

46、ers bank so that the seller receives immediate payment. If this is done, the draft can be sent through correspondent banks back to the domestic bank against which it is drawn. The domestic bank can buy the draft, a short-term loan agreement to be paid by the company buying the goods abroad. This act

47、ion would tie up bank funds. Alternatively, the bank can stamp the draft accepted with the appropriate signature, thereby indicating that the bank guarantees the draft, and then sell it in the secondary market.What will a foreign seller do when he gets the letter of credit from the buyer AHe will dr

48、aw a bill of exchange on the buyers bank.BHe will sell it and get money at once.CHe will make payable on demand.DHe will authorize the company to make the payment. 25. Directions: There are 10 blanks in the following passages. For each blank, there are four choices marked A, B, C and D. BPassage One

49、/B Billions of dollars worth of new securities reach the market each year. The traditional U (56) /U in the primary, markets is called an investment banker. The investment bankers principal activity is to bring sellers and buyers together, thus creating a market. He normally buys the new issue from

50、the issuer at an agreed-upon price and hopes to U (57) /U it to the investing public at a U (58) /U price. In this capacity, investment bankers are said to underwrite, or guarantee, an issue. Usually, a group of investment bankers joins to underwrite a security offering and form what is called an un

51、derwriting syndicate. The U (59) /U received by the investment banker in this case is the differential, or spread, between his purchase and resale prices. The risk to the underwriter is that the issue may not attract buyers at a U (60) /U differential. AbuyerBorganizerCsellerDmiddleman 26.BPassage T

52、hree/BAMarks and thumbprints, and printed, typed, or stamped signatures are acceptable in addition to written ones.BMarks and thumbprints, but printed, typed, or stamped signatures are acceptable in addition to written ones.CMarks and thumbprints, but printed, typed, or stamped signatures are not ac

53、ceptable.DMarks and thumbprints only. 27.BPassage Two/BASupermarkets.BGas stations.CStores.DNewspaper stands. 28. Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After

54、you hear a question, you must choose the best answer from the four choices marked A, B, C and D. BPassage One/BAA safe and convenient way of handling money.BPeople are paid in cash.CYour salary goes straight into your account.DYour money is paid straight into your account from others 29.BSection One

55、/B Directions: There are three 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. Passage 1 Most commercial letters of credit are documentary, meaning that certain documents must be included wi

56、th any drafts drawn under the terms of the credit. Documents required usually include 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. The first is the standby letter of credi

57、t, in which the issuing bank undertakes to pay if the 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 partys certificate certifying the non-payment by the applicant. Th

58、e second is the indemnity for minor discrepancies in the documents given to the shipping company so that the issuing bank may make payment or the shipping company may release goods to the applicant.Under a standby letter of credit, _. Aevidences of the underlying transaction should be filed firstBth

59、e applicant may be exempted from any liabilitiesCthe issuing bank has to pay the beneficiaryDthe issuing bank should pay when the applicant fails to fulfill his obligations 30. Passage 3 Futures are used for three purposes; hedging, speculating and arbitraging. This passage is only concerned with he

60、dging, but it should be noted that speculators and arbitrageurs play a particularly important role in the market. It is largely the speculators who take on the risks that the hedgers seek to shed, while the arbitrageurs, by ensuring that futures prices constantly stay in line with other markets, giv