金融英语模拟题四T4P2ReadingWord文档格式.docx
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金融英语模拟题四T4P2ReadingWord文档格式.docx
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C.1995
D.1996
34.'
C'
intheROCAsystemrefersto_______.
A.capital
B.cash
C.capacity
D.compliance
35._______isnotincludedincurrentaccount
A.Tradeaccount
B.Invisibletradeaccount
C.Shorttermcapitalflow
D.Unilateraltransfer
36.DepartmentofCreditmustconsiderbudgetarytarget,netrevenueand_______.
A.risk
B.liquidity
C.cost
D.others
37.Whenaverageloansis100,netcreditlossesis4.2,then,thecreditlossratiois________.
A.4.2%
B.95.8%
C.0
D.2.1%
38.Increditmix,tenorrefersto_______.
A.termofloan
B.termstructureofloan
C.termstructureofasset
D.termofasset
39.Ifnetsalesis1,000,costofgoodssoldis600,thegrossprofitis_______.
A.1,600
B.400
C.1,000
D.600
40.Securitiessubjecttomortgageareexcluding_______.
A.titledeeds
B.lifepolicies
C.contractofpropertyinsurance
D.stocks
SectionTwo(10%)
Thereare10blanksinthefollowingpassages.ForeachblankstherearefourchoicesmarkedA,B,C,D.Youshouldchoosethebestanswer.
PassageOne
Banksfaceariskoflossesin_______41__arisingfrommovementsinexchangerates.Establishedaccountingprinciplescausetheseriskstobetypicallymost____42_____inabank'
stradingactivities.Banksactas"
market-makers"
inforeignexchangemarketsbyquoting__43______totheircustomersandbytaking____44____positionsinforeigncurrencies.Therisksinherentinforeignexchangebusiness,particularlyinrunningopenforeignexchangepositions,__45_________duringperiodsofinstabilityinexchangerates.
41.
A.positions
B.roles
C.importance
D.currencies
42.
A.invisible
B.visible
D.difficult
43.
A.data
B.numbers
C.information
D.rates
44.
A.open
B.close
C.short
D.long
45.
A.decrease
B.increaser
C.lessen
D.minimize
PassageTwo
UnderCAMELSratingsystem,banksrated"
1"
are_____46____ineveryaspect,whilethoserated"
5"
arelikelyto____47____intheabsenceofimmediateandsubstantialcorrectiveactionandexternalsupport.Thecompositeisnotdeterminedbycalculatingasimple___48___oftheseparatecomponents.Rather,itistheresultofa____49_____assessmentbytheexaminer-in-chargeoftheoverallconditionofthebank.Thecompositeincludesadditionalconsiderations,suchasthebank'
scompetitiveposition,includingitsfutureprospectsandtrendsinitsfinancialperformance.Thus,thesummaryratingprovidesabroad____50_____oftheexaminer'
sfindingsregardingabank'
soverallfinancialconditionandimmediateprospects.
46.
A.bad
B.sound
C.worse
D.reasonable
47.
A.fail
B.succeed
C.beimproved
D.fall
48.
A.average
B.amount
C.number
D.sum
49.
A.extensive
B.intensive
C.comprehensive
D.total
50.
A.category
B.view
C.measure
D.prospect
SectionThree(10%)
Readthefollowingpassages,anddeterminewhetherthesentencesare"
Right"
or"
Wrong"
.Ifthereisnotenoughinformationtoanswer"
Wrong'
'
.choose"
Doesn'
tsay"
.
Theeconomicinternalrateofreturnisagenerallyacceptedquantitativemeasureoftheeconomicattractivenessofaproject.Itisthediscountrateatwhichthediscountedeconomicbenefitsoftheprojectareequaltothecosts.IftheEIRRofaprojectisequalto,orgreaterthantheopportunitycostofcapitalinthecountry,theprojectisconsideredacceptable.
Economiccostsandbenefitsexclude"
transferpayments"
(suchasdutiesandtaxes)andrelyoninternationalorborderpricesfortradedgoodsand"
shadowprices"
fornon-tradedgoods.Inthecaseofgoodsconsumedinthedomesticmarket,theeconomicvalue(benefits)ofaproductequalsborderprice(CIF)ofasimilarimportedproductplusanydifferencesinlocaltransportandhandlingcosts.Ontheotherhand,iftheprojectexportspartorallofitsoutput,theFOBexportpriceisthecorrectborderpricetouseforthevolumeexported.
51.TheEIRRisthediscountedratewhichleadstothediscountedeconomic
benefitsoftheprojectequaltothecosts.
A.Right
B.Wrong
C.Doesn'
tsay
52.Economiccostsandbenefitsinclude'
transferpayments'
.
53.IftheEIRRofaprojectislessthantheopportunitycostofcapitalinacountry,theprojectisconsideredacceptable.
54.Borderpriceisanimportantfactorineconomiccostsandbenefits.
55.TheFOBexportpriceistherightborderpricetouseforthevolumeofproductexported.
PassageTwo
Theemphasisofcreditportfoliomanagementisontheimportanceofassetsandearningsdiversification,theimmediaterecognitionaslossesofallcreditsjudgedtobeuncorrectable,andthemaintenanceofanappropriatecreditlossallowance.
Riskratingincludesborrower'
sriskratingandfacilityriskrating.Riskratingisassignedonascaleof1to10,1beinghighestqualityandlowestrisk.
Borrower'
sriskratingistodifferentiatecreditworthinessofvariouscustomersbyobjectiveratingmethodology,includingdefaultnorms.
Toassessprobabilityofdefault,thecreditofficerneedstoconsidertheborrower'
sfinancialstrength,size,industrytrend,marketposition,relationwithbanksanditsauditor'
sreputation.
Riskratingisreviewedatleastannually,basedonnewfinancialinformation,oranymaterialchangeinfinancialandbusinesscondition.
Facilityriskratingreflectstheriskassociatedwithafacilitytotheborrowerandmorespecificallyreflectstheportfolioriskprofile.Forunsecuredlending,the,facilityriskratingisborrower'
sriskrating,forsecuredlending,thefacilityriskratingwilldependoncollateralrisk.Forexample,forfacilitywithcashascollateral,theriskratingis1,forfacilitysecuredbysecuritiesatacceptableloanratio,theriskratingcanbeworseof5,orequaltotheriskratingofthesecurities,forfacilitysecuredbybondsatacceptableloantovalueratio,theriskratingisthatofthebond.
Countryriskratingisassessedasfollowsbyevaluationofacountry'
screditworthinessbasedonitsdebtservicingability,foreignexchangegenerationability,andforeignexchangereserves.ExternalcreditratingsbyratingagenciessuchasMoody'
sandS&
Parecloselyfollowedbymanyanalysts.Itshouldbenotedthatlocalcurrencyfacilityriskratingisbetterthancountryriskrating,whileforeigncurrencyfacilityriskratingcannotbebetterthancountryriskratingduetotransferability(country)risk.
56.Assetsandearningsdiversificationistheonlypurposeforcreditportfoliomanagement.
57.Inriskrating,1referstothehighestriskandlowestquality.
58.Facilityriskratingisalsoassociatedwiththeborrower'
srating.
59.Basedonthetext,localcurrencyfacilityriskratingisbetterthanforeigncurrencyfacilityriskrating.
60.AnalystsonlyfollowthecreditratingsmadebyMoody'
P.
SectionFour(20%)
Thereare4passagesinthissections.Eachpassageisfollowedbysomequestionsorunfinishedstatements.ForeachofthemtherearefourchoicesmarkedA,B,C,D.Youshouldchoosethebestanswer.
GettingaBankLoan
Whatarethethree'
c'
s?
Traditionallybankerslookatwhatarecalledthethree'
s:
character,creditandcollateral.Charactermeansmorethannothavingacriminalrecord.Itmeansthatthebankerfeelsconfidentthatyouarenotgoingtosuddenlydisappearforpartsunknownifthebusinessrunsintotrouble.Specificallybankersliketoseetiestothecommunitysuchaslongresidence,familyties,andhomeownership.Acleancredithistoryisimportant.Acouplelatecreditcardpaymentsshouldn'
tbeafactor,butmissingmortgagepaymentsforthreemonthsinarowwillrequireagoodexplanation.Bankerslikegoodcharacterandgoodcredit,buttheyliveforsolidcollateral.Equipment,buildingsandtrucks---that'
sthekindofstuffthatbankersreallylikeforcollateral-solidvalueandlikelytobeworthalotevenifthebusinessgoesbust.Inventory,rawmaterialandgoodsaresecondchoicesforcollateral---theywilllosetheirvaluemorequicklythanfixedassetsbutstillbeworthsomething.
Canyougetabusinessloan?
Thecriteriaforbusinessloansvariesmuchmorewidelythanforconsumerloansandoftenvariesquiteabitfromonebankertothenextateventhesamebank!
Howeverherearesomerulesofthumbstogiveyouanideaofyourchancesofgettingaloan.
Get
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