英语试卷金融专业

1、. translations（每小题2分，共30分）1. central bank 2. payment and settlement services 3. invite bid 4. market maker5. IOU 6. derivative investments 7. gold exchange standard 8. fiat money 9. letters of credit 10.cash position11.国际收支 2.改革开放 13.软贷款 14.货币替代 15.浮动利率贷款 1.中央银行2.支付清算服务3.招标 4.做市商 5.欠条 6.衍生工具 7.金汇兑本位

2、制 8.法币 9.信用证 10.现金头寸 11.balance of payment 12.reform and opening-up 13.soft loan 14.currency substitution 15.floating rate lending.Multiple choices.(每小题2分，共10分)1.The price in the foreign exchange market is called _B_.A. the trade surplus B. the exchange rate C. the money price D. the currency rate2.

3、 Which of the following statements is not true of central banks? _D_A. They pay the governments salaries B. They always undertake the regulation of the banking system C. They are always the lender of last resortD. None of the above3. The main liability on a bank balance sheet is _A_.A. deposits B. c

4、apital and reserves C. loans and overdrafts D. cash4. Market risk refers to the risk of_A_.A. financial prices fluctuations B. default C. fraud D. deferred payments5. A refers to refuse to discharge a debt or an obligation.A. debt default B. debt rescheduling C. debtor D. credit.Read the following p

5、assages and choose the one best answer to each of the questions.（每小题2分，共20分）Passage oneNorth Chinas Tianjin Municipality(直辖市) has started a “Blue Sky Project” to control the air pollution. Under the project requirements, the air quality in Tianjin is expected to measure up to the national standard b

6、y 2007, when two thirds of days in the year will enjoy fairly good or excellent air quality. In order to achieve the goal, Tianjin will take a series of measures such as controlling the use of coal, reducing the dust floating from construction sites, planting trees along the major streets, and repla

7、cing petrol with liquid natural gas as the fuel for vehicles. Since people paid little attention to the environmental protection, the air quality in Tianjin has worsened during the past decade. The project has received wide praise and support from the natives. The newly-discovered “Great Wall” in so

8、uth Chinas Hunan ProvincNE-HEe will open to visitors in the near future. “We will try to make it an internationally famous attraction for tourists, ” said Yuan Xinhua, director of the Hunan Provincial Tourism Administration. The main part of the 190-km “Southern China Great Wall” is located in Fengh

9、uang County in western Hunan. Built during the Ming Dynasty(13681644)by the local Miao minority people, the Southern China Great Wall is 2.3 m high and 1.7 m wide. The Chinese have been enjoying themselves by sightseeing or traveling during the Spring Festival this year rather than engaging in the t

10、raditional gathering of relatives and friends at home. In the past five days, over 200 000 Beijingers spent the one-week Spring Festival holiday shopping in Tianjin. Low prices of consumer goods and the convenient railway service enable Beijingers to visit the neighboring city during the day. Meanwh

11、ile unlike previous years, an increasing number of Tianjiners went to Beijing during the Spring Festival to visit places of interest in the capital. Tourism had been heating up in the last few years. An increase in income and longer holidays have made it possible for Chinese to relax after a year of

12、 work. 1. If “Blue Sky Project” is completed _B_. A. there will be no air pollution in Tianjin B. the natives can enjoy good air quality most of the year C. liquid natural gas will have taken the place of coal and petro D. people will pay less attention to environmental protection 2. According to Mr

13、. Yuan from Hunan, the opening of the Southern China Great Wall is a good way to _D_.A. rebuild the wall B. help local Miao minority peopleC. discover the history D. arouse foreigners interest 3. The Chinese would like to go sightseeing or travel during the Spring Festival this year mainly because _

14、D_.A. prices are higher in their native placesB. railway service is getting better and betterC. they are tired of meeting relatives and friends at homeD. they have longer holidays and more money4.what does this article mainly talk about? C A. environmental problems solved by governmentsB. changes in

15、 Chinese traveling conceptC. some local governmental construction projectsD. relation of environment and tourism 5. According to the author, what is the main function of “Blue Sky Project”? A A. to improve environment B. to make people take more attention on environmentC. to stimulate tourism D. to

16、spend the one-week Spring Festival holiday shopping in TianjinPassage TwoWhat determines the rate of exchange between currencies will be examined later in this booklet, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplie

17、r, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange ; hence in part the

18、 term ”exchange rate”, which was maintained even though other methods of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide

19、him with a bankers draft drawn in dollars. The bank is able to do this because it will have an account with another bank (called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to

20、the supplier.Since there is a danger that the draft may be lost or fall into the wrong hands, the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the British banks dollar account. This m

21、ail transfer system is very flexible since the instructions for payment can be varied or elaborated to suit practically every kind of requirement.6. How many methods of settlement are mentioned in this passage when the British importer needs dollar to pay his American supplier? B A. Two B. Three C.

22、One D. Several7. Why is the British bank able to offer its customer a bankers draft drawn in dollar? C A. Its US correspondent bank prefers to make the payment.B. It will send dollar in cash by airmailC. It has a dollar account with another bank in an American city where the beneficiary lives.D. Its

23、 customer has a dollar account with it.8. What will the correspondent bank do in the settlement according to this passage? A A. It will make payment in dollars against the bankers draft. B. It will send the draft to the bank in Britain.C. It will issue a documentary credit. D. It will have an agreem

24、ent with the bank mentioned.9. What is the safer and more normal method for the importers bank to effect the settlement? B A. To issue a bankers draft. B. To arrange for payment by mail transfer.C. To make the payment to its correspondent bank.D. To ask the importer to pay the money on his dollar ac

25、count.10. Who is the “recipient” in the settlement? D A. the correspondent bank B. the British bank C. the British importer D. the American supplier. Answer questions.（每小题10分，共20分）1what are the basic functions of the PBC according to the central bank law? And please list three or more particular fun

26、ctions.2. What is money? And what are functions of money?. answer some questions.（每小题10分，共20分）1. The central bank law provides that PBCs basic functions are to conduct monetary policy and supervise the financial system under the leadership of the State Council. For example, it shall formulate and im

27、plement monetary policy; issue Renminbi and regulate its circulation; act as fiscal agent, etc.2. Money is any commodity or token that is generally acceptable as a means of payment for goods and services.Money has four functions: medium of exchange; unit of account; store of value; standard of defer

28、red payment.Translations.(本题共5小题，共20分)1Under the all-in-one monopolistic banking system,which lasted until 1978, PBC engaged in both central banking and commercial banking operations.2. Many companies are suppliers to borrowers in group-financed projects, and these borrowers spend billions of dollar

29、s each year buying goods and services from businesses.3.As well as claims there are also derivative instruments-contracts relating to the prices of securities, interest rates or foreign exchange rates at some date in the future.4. Another reason foreigners accepted so many US dollars was that these

30、dollars provided liquidity to support world trade and investment, which grew rapidly in the post-world war .5. Most important among these changes was that the supply and composition of international liquidity became endogenously determined, that is, the international monetary system was based on a f

31、iat system and departed from a commodity standard.Translate the English into Chinese.(每小题4分，共20分)1.我国商业银行基本上是“大一统”的垄断体制，中国人民银行既行驶中央银行的职能，又办理商业银行业务。2.许多公司是集团项目借款人的供应商，而这些借款人每年都要花费数十亿美元向企业购买商品和服务。3.除了权证，还存在着与未来某日证券价格、利率或汇率有关的衍生合同工具。4.外国人收到如此多美元的另一个原因是，美元提供流动性来支持世界贸易和投资，而世界贸易和投资在二战后取得了迅速的发展。5. 这些变化中最重要

32、的变化是国际清偿力的供给与构成变为内生决定的，也就是说，国际货币体系依赖于法币体系，与商品本位制相分离。. translations（每小题2分，共30分）1. policy bank 2. reform and opening-up 3. hard loan 4.managed float5. par value 6. financial market 7. currency areas 8. store of value 9. syndicated lending 10.marked to market 11.外汇市场 12.金本位制 13.交易媒介 14.柜台交易 15.股票期权 .tr

33、anslations（每小题2分，共分）1.政策银行2.改革开放3.硬贷款 4.管理浮动 5.面值 6.金融市场 7.货币区 8.价值储藏 9.银团贷款 10.盯市 11.foriegn exchange market 12. gold standard 13.medium of exchange 14.over-the-counter 15.equity market.Multiple choices.(每小题2分，共10分)1.The price in the foreign exchange market is called _B_.A. the trade surplus B. the

34、 exchange rate C. the money price D. the currency rate2. Which of the following statements is not true of central banks? _D_A. They pay the governments salaries B. They always undertake the regulation of the banking system C. They are always the lender of last resort D. None of the above3. The main

35、liability on a bank balance sheet is _A_.A. deposits B. capital and reserves C. loans and overdrafts D. cash4. Market risk refers to the risk of_A_.A. financial prices fluctuations B. default C. fraud D. deferred payments5. A refers to refuse to discharge a debt or an obligation.A. debt default B. d

36、ebt rescheduling C. debtor D. credit.Read the following passages and choose the one best answer to each of the questions.（每小题2分，共20分）Passage oneNorth Chinas Tianjin Municipality(直辖市) has started a “Blue Sky Project” to control the air pollution. Under the project requirements, the air quality in Tia

37、njin is expected to measure up to the national standard by 2007, when two thirds of days in the year will enjoy fairly good or excellent air quality. In order to achieve the goal, Tianjin will take a series of measures such as controlling the use of coal, reducing the dust floating from construction

38、 sites, planting trees along the major streets, and replacing petrol with liquid natural gas as the fuel for vehicles. Since people paid little attention to the environmental protection, the air quality in Tianjin has worsened during the past decade. The project has received wide praise and support

39、from the natives. The newly-discovered “Great Wall” in south Chinas Hunan ProvincNE-HEe will open to visitors in the near future. “We will try to make it an internationally famous attraction for tourists, ” said Yuan Xinhua, director of the Hunan Provincial Tourism Administration(管理局). The main part

40、 of the 190-km “Southern China Great Wall” is located in Fenghuang County in western Hunan. Built during the Ming Dynasty(13681644)by the local Miao minority people, the Southern China Great Wall is 2.3 m high and 1.7 m wide. The Chinese have been enjoying themselves by sightseeing or traveling duri

41、ng the Spring Festival this year rather than engaging in the traditional gathering of relatives and friends at home. In the past five days, over 200 000 Beijingers spent the one-week Spring Festival holiday shopping in Tianjin. Low prices of consumer goods and the convenient railway service enable B

42、eijingers to visit the neighboring city during the day. Meanwhile unlike previous years, an increasing number of Tianjiners went to Beijing during the Spring Festival to visit places of interest in the capital. Tourism had been heating up in the last few years. An increase in income and longer holid

43、ays have made it possible for Chinese to relax after a year of work.1. If “Blue Sky Project” is completed _B_.A. there will be no air pollution in TianjinB. the natives can enjoy good air quality most of the yearC. liquid natural gas will have taken the place of coal and petroD. people will pay less

44、 attention to environmental protection2. According to Mr. Yuan from Hunan, the opening of the Southern China Great Wall is a good way to _D_.A. rebuild the wall B. help local Miao minority peopleC. discover the history D. arouse foreigners interest3. The Chinese would like to go sightseeing or trave

45、l during the Spring Festival this year mainly because _D_.A. prices are higher in their native places B. railway service is getting better and betterC. they are tired of meeting relatives and friends at homeD. they have longer holidays and more money4.what does this article mainly talk about? C A. e

46、nvironmental problems solved by governments B. changes in Chinese traveling conceptC. some local governmental construction projects D. relation of environment and tourism 5. According to the author, what is the main function of “Blue Sky Project”? A A. to improve environment B. to make people take m

47、ore attention on environmentC. to stimulate tourism D. to spend the one-week Spring Festival holiday shopping in TianjinPassage TwoA note receivable is a negotiable instrument, which means it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly

48、, payees sometimes sell a note receivable to another party before the note matures. The payee endorses the note and hands it over to the note purchaseroften a bank who collects the maturity value of the note at the maturity date.Selling a note receivable before maturity is called discounting a note

49、receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early.Assume that the

50、maturity date of the Dorman note is January 18, 1995 and that General Electric discounts the Dorman note at First City National Bank on December 9, 1994. The discount periodwhich is the number of days from the date of discounting to the date of maturity (this is the period the bank will hold the not

51、e)is 40 days; 22 days in December, and 18days in January. Assume the bank applies a 12percent annual interest rate in computing the discount value of the note. The bank will want to use a discount rate that is higher than the interest rate on the note in order to increase its earnings. GE may be wil

52、ling to accept this higher rate in order to get cash quickly. The discounted value, called the proceeds, is the amount that GE receives from the bank. The proceeds are computed as follows:General Electrics entry to record discounting the note is:Dec.9, 1994 cash.$15 170Note receivableDorman Builders

53、.$15 000Interest Revenue.$170TO TECORD DISCOUNTING NOTE RECEIVABLEAt maturity the bank collects $15 375 from the maker of the note, earning $205 of interest revenue.Observe two points in the above computation: (1)the discounting is computed on the maturity value of the note(principal plus interest)r

54、ather than on the original principal amount, and(2)the discounting period extends backwards from the maturity date(January 18, 1995) to the date of discounting (December 9, 1994).1. What is a note receivable? B A. It is a note received by a payer.B. It is a paper currency paid for documents as well

55、as notes.C. It is a negotiable instrument which may be used to transfer funds from one person to another.D. It is a negotiable instrument, which may be transferable from one person to another.2. What does a payee have to do when he discounts a note receivable with a bank? D A. He has to collect the

56、maturity value of the note on the discounting date.B. He has to endorse the note. C. He has to sell it to the note purchaser. D. He has to get cash quickly.3. What is called discounting a note receivable? A A. Purchasing a note receivable. B. Receiving less money than the principal amount of the not

57、e.C. selling a note receivable before maturity. D. Giving up some of the interest revenue of the note.4. How is discounting period calculated? C A. From December 9, 1994 to January 18, 1995.B. The discounting period begins with the date of making the note and end with date of selling it to the note purchaser.C. The number of the days is calculated from the date of discounting to the date of maturity.D. The days of discounting period involve the discounting date and the maturity da