FECT综合测试3(有答案)

1、.TEST-3Part One ListeningSection One (10%)1. A. The company is worth of financing. B. This company is highly rated in credit status. C. This company is rated lower in credit standing. D. This company runs a greater risk to make loans. 2. A. Visa Card, Access, American Express and Diners Card are all

2、 credits. B. Credit cards are the same thing as charge cards. C. Another name for credit card is charge card. D. American Express is not credit card in the real sense. 3. A. Two separate spot transactions B. One spot and the other forward transaction C. a one month swap D. the call option4. A. USD 3

3、657897.05 B. USD 3576987.06 C. USD 3567897.05 D. USD 3657879.065. A. Surplus increase B. deficit increase C. no effect D. all of the above6. A. They want to close their accounts in the bank. B. The bank might close their current accounts. C. The customers overdrawn accounts must be closed. D. The ba

4、nk closed their overdrawn accounts. 7. A. Their operations must be brisk. B. They have a large profit for the years operations. C. There has been a large deficit in the year. D. They anticipate a great excess of debts over income for the years operations. 8. A. CHAPS B. SWIFT C. CHIPS D. CHATS9. A.

5、The check is out of date. B. The check is post-dated. C. The check is in too large amount. D. The check is a crossed one.10. A. If a remitting bank cannot take proper care in collection, the exporter will do it himself. B. If a remitting bank cannot fulfill its obligation in collection, the exporter

6、 will claim indemnity on it. C. If a remitting bank cannot take proper care in collection, it will lose a customer. D. If a remitting bank cannot fulfill its obligation in collection, It will cause loss to the exporter. Section Two (10%)11. A. 9 a.m. B. 12 noon C. 3 p.m. D. 6 p.m.12 A. January 1, 19

7、99 B. July 1, 1999 C. January 1,2002 D. July 1,200213. A. to change pounds to yuan B. to send money to London C. to get a permit D. to know the rate of exchange 14. A. people who has steady income B. People who has a good work record. C. People who has much money D. Both a and b 15. A. of the house

8、value. B. of the mortgage value. C. of the banks appraised value. D. of the depreciated value.16. A. A librarian B. A professor C. An accountant D. A reporter17. A. 8875689 B. 8758679 C. 8756879 D. 857678918.A.student and teacher B. employee and boss C. customer and broker D. two bank clerks19. A. A

9、bout the amount of RMB deposited with the bank. B. About the rate of interest for RMB deposited with the bank. C. About the terms of deposit with the bank. D. About the conditions of deposit with the bank.20. A. He got a credit card of his friend and come to ask how to use it. B. He got a card and d

10、id not know whose card it is. C. He has lost his credit card and come to ask what to do. D. He has found a credit card and come to ask what to do Section Three (10%)Questions 21-23 are based on passage 1 21. A. JCB card B. Diners Club C. Visa card D. Federal-Master22. A. $590 million B. $16 billion

11、C. $590 billion D. $16 million23. A. from fees collected from its customers who pay for their charges in monthly installments. B. from fees collected from the stores that accept credit card C. by charging its customer yearly fees D. by charging its customer for overdue paymentQuestions 24-26 are bas

12、ed on passage 2 24. A. Bank card business. B. Bank card fraud. C. Technologies used in bank. D. International card fraud.25. A. 680 million dollars B. 860 million dollars C. 680 billion dollars D. 860 billion dollars26. A. Its the same over the 10-year period. B. Its getting worse over the 10-year p

13、eriod. C. Its getting better over the 10-year period. D. There is no way to solve the problem.Questions 27-30 are based on Passage 3 27. A. a contractual agreement between the banker and the client. B. The creditor-debtor relationship. C. The principal-agent relationship. D. all of above28. A. Those

14、 who borrow funds from the bank. B. Those who deposit money with the bank. C. Those who have business dealing with the bank. D. Those who are the customers of the bank.29. A. It acts as an agent to do whatever the customer requires. B. It acts as an agent to provide all kinds of services. C. It acts

15、 as an agent to offer many kinds of banking and financial services. D. It acts as an agent to sell the customers products.30. A. Payroll management. B. Factoring service. C. Financial management. D. Investment advices.Part two ReadingSection One (10%)31. Basle Accord issued in 1988 divides the capit

16、al of a bank into _. A. tier one and tier two B. pass and special mention C. outstanding and excellent D. standard and substandard32. The C in CAMELS system refers to _. A. capacity B. currency C. capital D. capability33. The difference between the buying rate and selling rate is known as the _. A.

17、spread B. premium C. discountt D. par34. The economic resources of a business are called_. A. liability B. asset C. owners equity D. expenses35. which item is not a major section in statement of cash flows _. A. operating activity B. financing activity C. repairing activiy D. investment activity36.

18、Working capital is _. A. owners equity less liability B. current asset less current liability C. asset plus current liability D. long-term loan less current asset37. In real estate loan, maximum amount of which is _ of the property. A. 50% B. 60% C. 70% D. 80%38. _ is a financial market in which sec

19、urities that have been previously issued can be resold. A. A primary market B. A secondary market C. An issuing market D. The capital market.39. Under the transferred letter of credit, _is the account party. A. buyer B. middle man C. seller D. bank40. As in business accounting, the balance of paymen

20、ts records increases in assets and decreases in liabilities as _, and decreases in assets and increases in liabilities as _. A. debit; credit B. debits; credits C. credit; debit D. credits; detitsSection Two (10%)Passage One Banks are _41_lenders to business and consumer finance companies under line

21、 of credit arrangements. Finance companies are an anomaly in that they permanently rely on_42_. They satisfy the rest period requirements of line of credit borrowing _43_rotating from one bank to another, _44_one banks loan with loan proceeds from other banks. Large finance companies _45_significant

22、ly to commercial paper in recent years and have dramatically reduced their reliance on bank loans. 41. A. major B. minor C. key D. important42. A. short-term lendings B. long-term lendings C. short-term borrowings D. long-term borrowings43. A. with B. at C. on D. by44. A. paying for B. paying off C.

23、 paying down D. paying45. A. have changed B. changed C. have shifted D. shifted Passage Two However, investors expect the finance companies to have bank credit lines_46_ their issues of commercial paper derived from a firms _47_cash flows, primarily earnings. Loan proceeds are generally used for per

24、manent increases in_48_or for fixed-asset purchases. In a pure term loan, the proceeds are disbursed all at once or within a short period of time _49_closing the loan agreement. Term loans may be secured or unsecured, depending on the purpose of the borrowing. In reality, term loans provide intermed

25、iate-term credit; maturities are usually limited to _50_and are mostly in the two to five-year range.46. A. in support of B. in support C. in order D. in order that47. A. flowing B. making C. doing D. operating48. A. working capital B. working money C. flowing capital D. working money49. A. before B

26、. after C. prior to D. around50. A. 5 years B. 7 years C. 10 years D. 20 years Section Three (10%)Passage OneThe 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 o

27、n the individual bank, supervisors must also be alert to the possibility that problems in one institution may have either, systemic repercussions on others, or on the integrity of the payments system.Although supervisors need to have some understanding of the markets and the business environment in

28、which banks operate, they cannot be expected to know as much as the banks themselves about commercial realities of banking. Anyway, it is not the supervisors role to make the commercial decisions that are the prerogative of bank management. Rather, the supervisor monitors and evaluates the overall s

29、trategies, policies and performance of the bank-where appropriate reference to specific legal or prudential criteria-and reaches a view as to the soundness of the bank and the competence of those running it.51. Supervisors have the obligation to save a failing bank. A. Right B. Wrong C. Doesnt say52

30、. Supervisors usually pay more attention to the individual bank. A. Right B. Wrong C. Doesnt say53. A sound bank will not suffer from the bankruptcy of other unrelated banks. A. Right B. Wrong C. Doesnt say54. Supervisors have the right to make decisions on commercial operation of supervised banks.

31、A. Right B. Wrong C. Doesnt say55. Supervisors should use the same criteria to evaluate the performance of the supervised banks. A. Right B. Wrong C. Doesnt say56. Supervisors need not know too much about the commercial markets and business environment. A. Right B. Wrong C. Doesnt sayPassage TwoIt i

32、s important to note that there are limitations on an external experts authority that reflect the distinctions between an independent contractor/consultant and an employee. For example, a consultant under contract with the Reserve Bank has the authority to make recommendations, give opinions, and pro

33、vide analysis to the Reserve Bank only within the scope of the work outlined in the consulting contract. A consultant does not have policy, managerial, or decision-making authority, and may not make final decisions. When participating with an examination team on an examination or inspection, the con

34、sultant must report to a designated employee such as the examiner-in-charge, and may not serve as an examiner-in-charge, or other Reserve Bank representative being present. The consultant may, however, independently perform data-gathering functions, such as interviewing bank personnel or attending m

35、eetings to collect information to complete his or her work assignment. These and other provisions are outlined in Uniform Documents and Guidance to be provided to the consultant.57. External experts can not be an examiner-in-charge when participate within examination team on an examination or inspec

36、tion. A. Right B. Wrong C. Doesnt say58. An external consultant may not attend a meeting with a supervised institution to present findings or conclusions. A. Right B. Wrong C. Doesnt say59. An external consultant may have no authority on making a decision. A. Right B. Wrong C. Doesnt say60. An exter

37、nal consultant may work independently sometimes. A. Right B. Wrong C. Doesnt say Section Four (20%)Passage OneCapital is at the top of any bank supervisors list. The most basic form of capital is equity capital, which is the shareholders financial interest or net worth. Equity capital serves several

38、 purposes: it provides a permanent source of revenue for the shareholders and funding for the bank; it is available to bear risk and absorb losses; it provides a base for further growth; and it gives the shareholders reason to ensure that the bank is managed in a safe and sound manner. Minimum capit

39、al adequacy ratios are necessary to reduce the risk of loss to depositors, creditors and other stockholders of the bank and to help supervisors pursue the overall stability of the banking industry.The Basle Committees Core Principles for Effective Banking Supervision requires that supervisors set pr

40、udent and appropriate minimum capital adequacy requirements and encourage banks to operate with capital in excess of the minimum. When it appears appropriate due to the particular risk profile, uncertainties regarding the asset quality, risk concentrations or other adverse characteristics of a banks

41、 financial condition, considerations of requiring higher than minimum capital ratios are encouraged. If a banks ratio falls below the minimum, banking supervisors will act to ensure that it has realistic plans to restore the minimum in a timely fashion, or may consider putting additional restriction

42、s on the banks operations.61. How does the bank supervisor concern the capital of a commercial bank? A. Bank supervisor puts the capital to the most important place of his concerns. B. Bank supervisor cares less about the capital of a commercial bank. C. Bank supervisor lists the capital in the firs

43、t line of his notebook. D. Bank supervisor does not concern the capital too much. 62. Which is NOT true about equity capital of a bank? A. It can bring income for its shareholders. B. It can provide financial support to a bank. C. It can improve the development of a bank. D. It cannot indicate wheth

44、er a bank is managed in a safe or sound manner.63. Whats the use of minimum capital adequacy ratio for a bank? The ratio is used _. A. to measure whether a bank is managed in a safe way. B. to reduce risks to depositors and creditors of a bank. C. to help supervisors pursue the stability of banking

45、D. all of the above64. Supervisors usually encourage commercial banks to operate with capital _ the minimum standard. A. above B. below C. within D. equal to65. This passage tells us about the importance of _. A. capital adequacy B. minimum capital ratio C. equity capital D. Core Principles for Effe

46、ctive Banking Supervision Passage TwoBanks like to use hard assets such as buildings, motor vehicles, or equipment as collateral against loans. They will loan against receivables and inventory, but, especially in the case of smaller businesses, tend to heavily discount the protection these assets of

47、fer. They are afraid the inventory and receivables will be converted to cash in order to cover operating losses if the business experiences any financial difficulties.While banks like the ultimate protection of hard assets, they also want to feel that there is little chance that the business, or the

48、 bank, will have to call upon these assets to pay off the loan. Banks dont care whether or not your business has sky-high profit potential. They are only interested in the business ability to cover the principle and interest payments.In making a proposal for a loan, the bank will want to see all of

49、your recent tax returns, financial statements, and cash flow projections. They will also want to know how much you would like to borrow. And, if yours is a small business, it will expect you to conduct all of your business banking activities through its institution.66. Bank will loan against receiva

50、bles and inventory _. A. because receivables is small value B. because the bank dont think inventory is useful C. because inventory and receivables might be converted to cash in order to cover operating losses if the business experiences any financial difficulties D. other reasons67. Do banks care w

51、hether or not your business has sky-high profit potential? _. A. Yes, they do B. No, they dont C. Yes, they do, for sky-high profit potential means the borrower repay on due day D. Sometimes they do, but sometimes they dont68. In making a proposal for a loan, the bank will not consider of its custom

52、er. _ A. all of recent tax returns B. financial statements C. cash flow projections D. long-term planning69. Banks care only _. A. interest B. the business ability C. principal D. money70. Banks are the _ financing vehicle, other than owners savings for small businesses. A. first B. second C. primar

53、y D. secondaryPassage ThreeThe borrowing customer has to disclose to his banker the object of the borrowing. The bank must consider carefully whether the credit is most suited to the borrowers need. The bank will then assess whether the loan is to be used in any illegal activity or for speculative p

54、urposes. Most banks tend to decline loan proposals which are highly speculative, because the banker expects that the loan would generate sufficient profit and cash-flow. In order to make the loan application successful, a customer is normally required to submit detailed financial statements that will substantiate his capability to generate adequate funds to repay the loan. The statements submitted by the customer are income statement, balance sheet and projected growth of the business. The banker will then review and analyze the real financial position of the borrower so far as repay