1、金融英语考试复习备考及模拟试题2英语学习doc2011年金融英语考试复习备考及模拟试题2（英语学习）Passage 2A firms 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 flowsinflows and outflowsdirectly related to origination and sale
2、of the financial firms 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 investmentsClearly， purchase transactions would result in cash outflows where
3、 as sales transactions would generate cash inflows， The financing activity cash flows result from debt and equity financing transactionsBorrowing and repaying either shortterm debt or longterm debt would result in a corresponding cash inflow or outflowSimilarly ， the sale of common or preferred stoc
4、k would result in a cash inflow shereas the repurchase of stock or payment of cash dividends would result in a financing outflowSummarizing the firms operating， investment， and financing activity cash flows during a given period helps to account for changes in the firms cash position from the beginn
5、ing to the end of the period chosenManaging cash is a very important activity for financial intermediariesThe cash flow statement provides the basic structure of all sources and uses of cashThe primary reasons that cash management is so important are related to the following aspects of financial int
6、ermediaries：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 necessaryFinancial institutions are subject to very large cash inflows and outflows which requite consi
7、derable 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 nonearning cash assets66The statement of cash flow helps to explain the change in（）Anet profit after taxesBretained earnings of a given periodCthe firms cash posit
8、ion of a given periodDfinancial position of the firm67Cash flows from debt and equity financing transactions are said to be a kind of（）Asecurity trading activityBoperating activityCinvestment activityDfinancing activity68Which of the following does not cause cash inflows？（）AOrigination of the financ
9、ial firms assetsBSale of both operation fixed assets and financial investmentsCRepurchase of stockDBorrowing of longterm or shortterm debt69The cash flow statement provides the basic structure of all（）Aassets and liabilitiesBsources and uses of cashCitems of interest incomeDdividends paid70The state
10、ment of cash flows helps a firm to manage its（）AassetsBassets and liabilitiesCcapital structureDLiquidity positionPassage 3A 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
11、obligations， If these obligations are not fulfilled， the guarantor undertakes to pay a sum of money to the buyer in compensationThis sum of money can be anything from 1% to 100%of the contract valueIf the bond is issued by a bank， then exporter is asked to sign a counter indemnity which authorizes t
12、he bank to debit his account with any money paid out under the bondBonds are usually required in connection with overseas contracts， or with the supply of capital goods and services， When there is a buyers market， the provision of a bond can be made an essential condition for the granting of the con
13、tractMiddle Eastern countries commonly require bonds ， but nowadays many other countries also require bonds， but nowadays many other countries also requite themMost international aid agencies， such as the World Bank or the European Development Fund， and most government purchasing organizations in th
14、e developing world， now require bonds from sellers71Before a bank issues a bond for the exporter， the issuer and the applicant should have some kind of agreement in （） formAVerbalBwriterCbondDL/C72When the supply for a certain service is less than the demand on the market， the requirement by the imp
15、orter to get a bond is much （）AeasierBmore difficultCmore happierDthe same73Under the bond terms in international business， if the exporter fails to fulfil its obligations， the compensation should be paid by （）Athe importers bankBthe exporters bankCthe collecting bankDthe negotiating bank74Bonds are
16、 commonly used in the Middle East areaSo （）Athe Middle East banks often issue bondsBthe Middle East exporters often demand bondsCthe Middle East insurance companies often issue bondsDnone of the above three is correct75Under the bond terms in international business ，after the bank has paid the neces
17、sary compensation， it will make an entry to his customers account on the （） sideAdebitBcreditCassetsDliabilitiesPassage 4The beauty of telephone banking is that every major banking service can be delivered via it apart from cash withdrawalEven this last service can be included in a real sense in sto
18、red value card （SVC）schemes which permit the “loading” of cards over the telephoneThe 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
19、， etcAlthough it forms a large range of services， generally speaking ，telephone banking service may be classified into three principal typesThe first makes use of automated voice response technology， This involves the customer using his tonephone to send wait are in effect digitized data messages to
20、 the system in order to activate a particular serviceThe second type of service makes use of human operators entirely and no automated voice response is usedAs we can see， even systems which do use automated voice response will use human operators for other than routine transactionsFinally， some tel
21、ephone banking services are PCbased： that is， they use a personal computer which interfaces with the system via a data communication process delivered by the telephoneSome PCbased services use the customers standard desktop PC， while others make use of a special dedicated terminal which is typically
22、 either supplied gratis to the customer or released to the customer by the bank for a nominal charge76What can we say about the range of telephone banking system？（）AEasily accessibleBSurprisingly broadCVery specificDUnexpectedly popular77Generally， the messages which are put into the telephone are n
23、o other than （）Abanking transactionsBautomatic voice responseCparticular ordersDdigitized data messages78We are told that second type （）Aautomated voice response is seldom usedBhuman operators are fully usedChuman operators are sometimes used for routine transactionsDautomated voice response system
24、is in full use79The word “gratis” in the last paragraph most probably means （）Afully loadedBreadily availableCfree or changeDsometimes80The headline of this passage would be （）Athe types of banking services via telephoneBthe beauty of telephone bankingCbanking on the telephoneDtypes of telephone ban
25、king systemPart ThreeWritingSection One（5%）Directions：Describe the buyer credit procedure of providing loan to importers bank on lending to the importer， in the order of the numbers given in the chart， Write your answer on the Answer sheetSection Two（5%）Directions： Translate the following sentences
26、into ChineseWrite your translation on the ANSWER SHEET1Although China has introduced current account convertibility， capital account transactions remain under control2If 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
27、， our position is reduced to $5，000，0003Restructuring a syndicated loan of a financially distressed borrower often requires unanimous agreement of all banks4Commercial banks net interest revenue can be affected by fluctuations in market rates as a result of timing differences in repricing of its ass
28、ets and liabilities5In 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 allowanceSection Three（10%）Directions：Write a
29、 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55%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 ： Reading3135 DDBBD；3640 CAABD ； 4145 CABAB； 4650 BBBCB
30、；5155 BCBAAA；5660 BCBAC； 6165 CCADD； 6670 DDCCB；7175 BBBDA；7680 BDBCDPart Three： WritingSection One：1Exporters Bank and Importers Bank conclude a general agreement of export credit（Importers Bank requests and Exporters Bank agrees to make available the Facility line pursuant to the terms and conditi
31、ons of the contract）2Exporter and Importer conclude a supply contract3Exporter and Importer make an application to Exporters Bank and Importers Bank respectively4Exporters Bank signs an individual loan agreement with Importers Bank to finance the contract after they have accepted the applications， respectively5Exporters Bank makes an application for the individual loan agreement to governments 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
