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1、2021金融英语考试模拟卷（4）本卷共分为2大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共39题，每题2分。每题的备选项中，只有一个最符合题意） 1.Commercial banks that supply services to other commercial banks are called correspondent banks. The correspondent banks are paid indirectly, in the form of income from deposit balances maintained by its bank
2、customers, as well as by direct money payments. Small banks may have 5 or 6 correspondent banks, which provide many services: bookkeeping services (especially those that require large computers); assistance in the sale or purchase of assets (including the consolidation of purchases with other buyers
3、); and the provision of information about capital markets (including the sale of equity shares in their banks). Large banks may have as many as 30 correspondent banks that provide services and representation in other localities (including foreign countries) and specialized services that the correspo
4、ndents can offer at a smaller cost. Until 1981 the Federal Reserve had provided free check-clearing facilities to its members, but nonmember banks relied entirely on correspondent banks to clear their checks. The correspondent banks often clear nonmember banks checks through the Federal Reserve. In
5、1979, the Federal Reserve cleared 32 billion checks, totaling $ 35 trillion. The total amount of cheeks debited against all insured banks in October 1982 was $ 93.5 trillion, of which 42 percent was from New York banks. Private clearing houses owned by groups of banks handled a large amount and so d
6、id the Federal Reserve, which began charging for that service.The correspondent bank can only make money for its services to other banks from deposit balances maintained by bank customers.A. Right B. Wrong C. Doesnt say 2.Insurance policies usually contain a (56) clause that excludes a fixed amount
7、of the loss from (57) Casualty insurance policies frequently contain a coinsurance clause in the contract. A coinsurance clause provides that the insurance company shall be liable (58) only a portion of any loss (59) by the insured unless the insured carries insurance which totals a certain percent,
8、 frequently 80-90 percent of the fair value of the asset. In the (60) of a loss, the insured recovers from the insurance company that portion of the loss which the face of the insurance policy bears to the amount of insurance that should be carried as required by the coinsurance clause.A. to B. with
9、 C. in D. for 3.Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes to one of the ten-regular commercial paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells i
10、ts notes directly in the market, without the intermediation of the (62) . This is the method used primarily by sales-finance companies because they (63) in the market on a virtually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (
11、64) items, for example, automobiles, refrigerators, and television sets. These companies find the commercial paper (65) particularly well suited to their needs since it enables them to adjust to swings in demand for installment purchases.A. sell B. participate C. supply D. issue 4.A major type of ri
12、sk that banks face is credit risk or the failure of a counter-party to perform according to a contractual arrangement. This risk applies not only to loans but also to other on-and-off balance sheet exposures such as guarantees, acceptances and securities investments. Serious banking problems have ar
13、isen from the failure of banks to recognize impaired assets, to create reserves for writing off these assets, and to suspend recognition of interest income when appropriate.The word exposures in this paragraph can be understood as risks.A. Right B. Wrong C. Doesnt say5.Foreign exchange is by definit
14、ion foreign to the holder; otherwise, it would be domestic exchange or in modem practice, local currency and legal tender. Foreign exchange typically is not legal tender and is therefore not acceptable in exchange for goods and services to whom it is being offered; hence, the desire to exchange it i
15、nto something closer to home in terms of acceptability. Foreign exchange markets are nearly always markets that convert issues of foreign money for local units. The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. It is pos
16、sible in New York to exchange French francs for Swedish kronor, but the normal practice would be to sell French francs for U.S. as a first step and then to sell US dollars and buy Swedish kronor as a second step in order to complete the transaction. Markets in other countries would be similar in str
17、ucture and mechanical operation.The reason that foreign exchange markets exist is because people have a strong desire to get foreign currencies to travel round the world, to buy goods produced in other countries.A. Right B. Wrong C. Doesnt say6.Commercial banks that supply services to other commerci
18、al banks are called correspondent banks. The correspondent banks are paid indirectly, in the form of income from deposit balances maintained by its bank customers, as well as by direct money payments. Small banks may have 5 or 6 correspondent banks, which provide many services: bookkeeping services
19、(especially those that require large computers); assistance in the sale or purchase of assets (including the consolidation of purchases with other buyers); and the provision of information about capital markets (including the sale of equity shares in their banks). Large banks may have as many as 30
20、correspondent banks that provide services and representation in other localities (including foreign countries) and specialized services that the correspondents can offer at a smaller cost. Until 1981 the Federal Reserve had provided free check-clearing facilities to its members, but nonmember banks
21、relied entirely on correspondent banks to clear their checks. The correspondent banks often clear nonmember banks checks through the Federal Reserve. In 1979, the Federal Reserve cleared 32 billion checks, totaling $ 35 trillion. The total amount of cheeks debited against all insured banks in Octobe
22、r 1982 was $ 93.5 trillion, of which 42 percent was from New York banks. Private clearing houses owned by groups of banks handled a large amount and so did the Federal Reserve, which began charging for that service.A correspondent bank may supply the following services to other commercial banks:A. k
23、eeping accountsB. assisting in the sale or purchase of assetsC. providing information about capital marketsA. Right B. Wrong C. Doesnt say 7.Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes to one of the ten-regular commerci
24、al paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells its notes directly in the market, without the intermediation of the (62) . This is the method used primarily by sales-finance companies because they (63) in the market on a vir
25、tually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (64) items, for example, automobiles, refrigerators, and television sets. These companies find the commercial paper (65) particularly well suited to their needs since it enable
26、s them to adjust to swings in demand for installment purchases.A. capital B. imported C. exported D. consumer 8.Insurance policies usually contain a (56) clause that excludes a fixed amount of the loss from (57) Casualty insurance policies frequently contain a coinsurance clause in the contract. A c
27、oinsurance clause provides that the insurance company shall be liable (58) only a portion of any loss (59) by the insured unless the insured carries insurance which totals a certain percent, frequently 80-90 percent of the fair value of the asset. In the (60) of a loss, the insured recovers from the
28、 insurance company that portion of the loss which the face of the insurance policy bears to the amount of insurance that should be carried as required by the coinsurance clause.A. sustained B. supported C. tolerated D. maintained 9.A major type of risk that banks face is credit risk or the failure o
29、f a counter-party to perform according to a contractual arrangement. This risk applies not only to loans but also to other on-and-off balance sheet exposures such as guarantees, acceptances and securities investments. Serious banking problems have arisen from the failure of banks to recognize impair
30、ed assets, to create reserves for writing off these assets, and to suspend recognition of interest income when appropriate.Reserves for writing off impaired assets are unnecessary.A. Right B. Wrong C. Doesnt say10.Commercial banks that supply services to other commercial banks are called corresponde
31、nt banks. The correspondent banks are paid indirectly, in the form of income from deposit balances maintained by its bank customers, as well as by direct money payments. Small banks may have 5 or 6 correspondent banks, which provide many services: bookkeeping services (especially those that require
32、large computers); assistance in the sale or purchase of assets (including the consolidation of purchases with other buyers); and the provision of information about capital markets (including the sale of equity shares in their banks). Large banks may have as many as 30 correspondent banks that provid
33、e services and representation in other localities (including foreign countries) and specialized services that the correspondents can offer at a smaller cost. Until 1981 the Federal Reserve had provided free check-clearing facilities to its members, but nonmember banks relied entirely on corresponden
34、t banks to clear their checks. The correspondent banks often clear nonmember banks checks through the Federal Reserve. In 1979, the Federal Reserve cleared 32 billion checks, totaling $ 35 trillion. The total amount of cheeks debited against all insured banks in October 1982 was $ 93.5 trillion, of
35、which 42 percent was from New York banks. Private clearing houses owned by groups of banks handled a large amount and so did the Federal Reserve, which began charging for that service.The Federal Reserve has been providing free check-clearing facilities to all the banks.A. Right B. Wrong C. Doesnt s
36、ay11.Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modem practice, local currency and legal tender. Foreign exchange typically is not legal tender and is therefore not acceptable in exchange for goods and services to whom it is being offered;
37、 hence, the desire to exchange it into something closer to home in terms of acceptability. Foreign exchange markets are nearly always markets that convert issues of foreign money for local units. The New York foreign exchange market, for example, is essentially a market for exchange foreign currenci
38、es against the US dollar. It is possible in New York to exchange French francs for Swedish kronor, but the normal practice would be to sell French francs for U.S. as a first step and then to sell US dollars and buy Swedish kronor as a second step in order to complete the transaction. Markets in othe
39、r countries would be similar in structure and mechanical operation.The New York foreign exchange market is a market for exchanging foreign currencies against any convertible currencies.A. Right B. Wrong C. Doesnt say12.Commercial paper may either be dealer placed or directly placed. If it is dealer
40、placed, the (61) sells its promissory notes to one of the ten-regular commercial paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells its notes directly in the market, without the intermediation of the (62) . This is the method used
41、 primarily by sales-finance companies because they (63) in the market on a virtually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (64) items, for example, automobiles, refrigerators, and television sets. These companies find the
42、 commercial paper (65) particularly well suited to their needs since it enables them to adjust to swings in demand for installment purchases.A. notes B. market C. dealers D. issuers 13.Insurance policies usually contain a (56) clause that excludes a fixed amount of the loss from (57) Casualty insura
43、nce policies frequently contain a coinsurance clause in the contract. A coinsurance clause provides that the insurance company shall be liable (58) only a portion of any loss (59) by the insured unless the insured carries insurance which totals a certain percent, frequently 80-90 percent of the fair
44、 value of the asset. In the (60) of a loss, the insured recovers from the insurance company that portion of the loss which the face of the insurance policy bears to the amount of insurance that should be carried as required by the coinsurance clause.A. light B. teeth C. event D. pay 14.Commercial ba
45、nks that supply services to other commercial banks are called correspondent banks. The correspondent banks are paid indirectly, in the form of income from deposit balances maintained by its bank customers, as well as by direct money payments. Small banks may have 5 or 6 correspondent banks, which pr
46、ovide many services: bookkeeping services (especially those that require large computers); assistance in the sale or purchase of assets (including the consolidation of purchases with other buyers); and the provision of information about capital markets (including the sale of equity shares in their b
47、anks). Large banks may have as many as 30 correspondent banks that provide services and representation in other localities (including foreign countries) and specialized services that the correspondents can offer at a smaller cost. Until 1981 the Federal Reserve had provided free check-clearing facil
48、ities to its members, but nonmember banks relied entirely on correspondent banks to clear their checks. The correspondent banks often clear nonmember banks checks through the Federal Reserve. In 1979, the Federal Reserve cleared 32 billion checks, totaling $ 35 trillion. The total amount of cheeks debited against all insured banks in October 1982 was $ 93.5 trillion, of which 42 percent was from New York banks. Private clearing houses owned by gr