《2023年金融英语(FECT)考试真题卷.docx》由会员分享，可在线阅读，更多相关《2023年金融英语(FECT)考试真题卷.docx（20页珍藏版）》请在taowenge.com淘文阁网|工程机械CAD图纸|机械工程制图|CAD装配图下载|SolidWorks_CaTia_CAD_UG_PROE_设计图分享下载上搜索。
1、2023年金融英语(FECT)考试真题卷本卷共分为1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50题，每题2分。每题的备选项中，只有一个最符合题意） 1.Which of the following is not true of forfaiting _.AForfaiting is a form of trade finance with recourseBForfaiting is the act of purchasing an exporters receivables (the amount the importer owes the expor
2、ter) at a discount by paying cashCThe forfeiter takes over the buyer riskDThe purchase is usually guaranteed by a bank in the buyers country 2.In documentary collection, the exporters present the documents to _ after goods have been shipped.Athe remitting bankBthe collecting bankCthe reimbursing ban
3、kDthe opening bank 3.Which of the following is usually least important as a measure of short - term liquidity _.AQuick ratioBCurrent ratioCDebt ratioDCash flows from operating activities 4.Market risk refers to the risk of _.AdefaultBfinancial prices fluctuationCfraudDdeferred payment 5.Which of the
4、 following statements is true _.ATo decrease a receivable, debit the accountBTo decrease revenue, debit the accountCTo increase owners equity, debit the accountDTo increase an expense account, credit the account 6.John writes a check on his ABC Bank account to pay for goods at Peter. Who is the draw
5、eeAJohnBABC BankCPeterDBoth A and C 7.From a Chinese banks point of view, the currency account which it maintains abroad is known as _, while a RMB account operated in China for a foreign bank is termedAa vostro account.a nostro accountBa nostro account.a vostro accountCa mirror account.a nostro acc
6、ountDa vostro account.a mirror account 8.Investment banks are _.Abanks that specialize in the management of wealthy peoples investmentsBfinancial institutions that make loans to corporationsCdealers in primary marketsDnone of the above 9.What is the name of the document which can make a buyer feel c
7、onfident that goods are of a certain standard _.ACertificate of originBCommercial invoiceCInsurance policyDInspection certificate 10.Which of the following is true of a mortgage _.AThe mortgagee retains possession of the mortgaged propertyBThe mortgagor retains possession of the mortgaged propertyCT
8、he lender acquires the right to retain the mortgaged property until the mortgage debt is repaidDNone of the above 11.A cheque payable to ABC Company is credited to the personal account of Mr. Gao. The bank _.Ais correct in crediting the accountBis merely doing what is requested by its customerChas c
9、ommitted an act of negligenceDwill make a claim on its principal 12.International payments and other messages are often sent through an international computer network called _.ACHAPSBSWIFTCCHIPSDCHATS 13.In extending loans, one of the principles that a commercial bank persists in is _.Afree from int
10、erference of local governmentBagainst collateralCbased on sole responsibility to its profits and lossesDin pursuance of the law of the Peoples Bank of China 14.A cheque crossed account payee _.Acan only be accepted for the account of the named payeeBcan be accepted for the credit of an account other
11、 than that of the named payee provided the collecting bank makes enquiriesCprevents negotiation of the cheque and, therefore, has the same effect as a notnegotiable crossingDis an example of a special crossing 15.Customers trading abroad in foreign currencies may protect against the exchange risk by
12、 arranging _.Aa contract of international sale of goodsBa contract of marine insuranceCa forward contract to fix the exchange rate in advanceDcontract for the delivery of goods by installment 16.A rise in interest rate will cause _.Aan increase in borrowing and a slowing - down of credit creationBa
13、decrease in borrowing and an increase in credit creationCan increase in borrowing and an increase in credit creationDa decrease in borrowing and a decrease in credit creation 17.There are three ways in which a banker may take security for an advance: (1) lien (2) by pledge (3) by mortgage (4) by ind
14、emnityA(1), (2), (3)B(1), (2), (4)C(2), (3), (4)D(1), (3), (4) 18.A company that has the use of a vehicle upon payment of a sum of money on a regular basis over a long period of time is using the finance service of _.AfactoringBhire purchaseCleasingDinstallment credit 19.You customer asks your bank
15、to handle a colleetion outwards on his behalf. Your bank are _.Athe reimbursing bankBthe negotiating bankCthe remitting bankDthe collecting bank 20.The following are the basic functions of a bill of lading except to act as _.Aa receipt for the goods from the shipping company to the exporterBa certif
16、icate of origin, which certifies that the goods were produced in a particular countryCa document of title to goods being shipped overseasDa quasi negotiable document 21.Checks are attractive because they are readily accepted and provide formal _ of payment.AcreditBverificationCclarityDcollection 22.
17、Increased flows of world capital intensify financial competition among nations. This trend places pressures on national government to their domestic markets and liberalize international capital movements.AremoveBsettleCderegulateDcontrol 23.From banks perspective, liabilities have become more intere
18、st elastic, so that small rate changes can produce large fluctuations in _ balances.AoutstandingBoutreachingCremainingDdemanding 24.Dealers in government and private securities need short - term financing to purchase new securities and carry their existing portfolios of securities until those securi
19、ties are sold to customers or reachAbusinessBmarketsCmaturityDobjective 25.Although the company showed a profit, the balance sheet looks increasingly _.AbrightBdimCshallowDfragile 26.Many financial transactions are _ sheet items such as interest rate swaps and are not clearly identified through the
20、usual reporting channels.AzeroBcapitalCoff-balanceDmajor 27.With no interest rate _ on deposits or restrictions on maturities, banks can offer any deposit product customers demand.AcutBceilingsCdemandDcontract 28.The bankers _ the steel companys new shares, which means the share issue will be sold t
21、o the bankers instead of the public directly.AunderwriteBunderchargeCundertakeDunderestimate 29.Normally, _ capital loans are secured by accounts receivable or by pledges of inventory and carry a floating interest rate on the amounts actually borrowed against the approved credit line.AcurrentBstockC
22、workingDlong-term 30._ money refers to currency issued on the basis of banks credit instead of gold reserve.AFairBFiduciaryCFixedDDeposit 31.Off- site surveillance enables bank supervisors to be aware of the nationwide economic trends and thus facilitates policy development in the banking sector.AA.
23、 RightBB. WrongCC. Doesnt say 32.off- site surveillance helps to identify the banking institutions with potential problems.AA. RightBB. WrongCC. Doesnt say 33.Off- site surveillance can do nothing about the existing problems of banking institutions.AA. RightBB. WrongCC. Doesnt say 34.In case banks a
24、re undercapitalized but reluctant to take necessary corrective measures voluntarily, the supervisor might take formal actions to order the bank to stop engaging in a specified practice or violation.AA. RightBB. WrongCC. Doesnt say 35.Banks who fail to comply with the formal remedial actions might fa
25、ce financial penalties or criminal punishment.AA. RightBB. WrongCC. Doesnt say 36.Legal sanctions here refer to legal approval.AA. RightBB. WrongCC. Doesnt say 37.The markets for treasury bills in most developed countries have many different buyers and sellers.AA. RightBB. WrongCC. Doesnt say 38.Tre
26、asury bills are short - term and virtually free of default risk.AA. RightBB. WrongCC. Doesnt say 39.Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.AA. RightBB. WrongCC. Doesnt say 40.As some treasury bills do not actually
27、pay interest, they are not attractive to investors.AA. RightBB. WrongCC. Doesnt say 41.All of the following statements are correct except _.Atrading on a documentary bill basis offers more protection than trading on the basis of clean bills of exchangeBto trade on a documentary bill basis, the docum
28、ents are handed over to the importer only against acceptance or payment of the billCto trade on a clean bill basis, the documents are handed over to the importer only against acceptance or payment of the billDto trade on a documentary credit basis, the drawer is assured of acceptance and payment by
29、the issuing bank 42.To trade on a documentary bill basis, the documents are _.Areleased to the importer only against paymentBreleased to the importer against acceptance and paymentCreleased to the importer only against acceptanceDreleased to the importer either against acceptance or payment of the b
30、ill 43.Under D/A, documents are _.Areleased to the importer against payment of the billBreleased to the importer against acceptance of the billCreleased to the importer against payment or acceptance of the billDreleased to the importer against acceptance of the sight bill 44.Which of the following s
31、tatements is correctADocumentary credit is also referred to as documentary bill.BDocumentary credit and documentary bill are different in that under a documentary credit, the drawer can be assured of acceptance and payment by the issuing bank.CTrade on a documentary credit basis is much more risky f
32、rom the point of view of the exporter.DWhen a bill of exchange is drawn under a documentary credit, the issuing bank should make unconditional payment to the drawer. 45.When a bill of exchange is drawn under a documentary credit, the drawer can be assured of acceptance and payment by the _.Aopening
33、bankBadvising bankCnegotiating bankDthe opener of the documentary credit 46.According to the passage, all of following bills of lading are considered documents of title except _.Ashort form bill of ladingBliner bills of ladingCcharter party bill of ladingDnegotiable hill of lading 47.Bill of lading
34、issued by freight forwarders _.Awill be, accepted by the bank without any conditionBwill not be accepted by the bank even if it appears on its face to indicate the name of the freight forwarder as a carrier and to have been signed by the freight forwarder as carrierCwill be accepted by the bank if i
35、t appears on its face to indicate the name of the freight forwarder as a carrier anti to have been signed by the freight forwarder as carrierDwill be accepted by the bank if the letter of credit gives such permission 48.A charter party bill of lading is usually _.Aa bill of lading independent of the
36、 charter partyBa bill of lading dependent on the charter partyCa bill of lading dependent on the sales contractDconsidered to be a document of title 49.According to the passage, the charter party means _.Ahiring documentBhiring personCeither hiring document or hiring personDNone of the above. 50.All
37、 of the following statements are correct except _.Aeven if short form bill of lading does not contain the full details of the contract of carriage, it can fulfill all the other functions of bills of ladingBthe liner bill of lading indicates that goods are being transported on a ship which travels on
38、 a scheduled routeCa charter party bill of lading is issued only by the owner of a ship to the exporterDunless otherwise authorized in the credit, banks will only accept a bill of lading issued by a freight forwarder if it appears on its face to indicate the name of the carrier and to have been signed by the freight forwarder as a named agent for the carrier