金融英语模拟题四T4P2ReadingWord文档格式.docx

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