2020年金融英语考试复习备考及模拟试题2(英语学习).doc

2020年金融英语考试复习备考及模拟试题2(英语学习).doc
2020年金融英语考试复习备考及模拟试题2(英语学习).doc

2011年金融英语考试复习备考及模拟试题2(英语学习)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 financial firm’s assets 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 financing 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 Regulation 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.Verbal

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 ,cheque book request facility,fund transfer,general account queries and advice,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.Very 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.sometimes80.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 Two :Reading31—35 DDBBD;36—40 CAABD ;41—45 CABAB;46—50 BBBCB;

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

71—75 BBBDA;76—80 BDBCD Part Three:Writing Section One:

1.Exporter’s Bank and Importer’s Bank 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.Exporter 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.

Yours faithfully,

DEF BANK(My signature)

(My name typed out in capitalized letters )

For (Controller’s name)

(Controller)

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