金融英語練習題(附答案)

1、Multiple Choice1. The People s Bank of China shall have the power to demand financial institutions to submit balance sheets, statements ofD and other financial and accounting reports and materialsin pursuance of regulations.A. accountB. financial positionC. cash flowD. profit and loss2. A credit car

2、d such as Visa will D .A. gurantee chequesB. enable the holder to cash cheques at any bankC. enable the holder to buy goods on creditD. enable the holder to buy goods, up to certain amounts, on creditfrom certain persons3. Foreign trade can be conducted on the following terms except forDA. open acco

3、untB. documentary collectionC. documentary creditsD. public bonds4. Customers trading abroad in foreign currencies may protect against the exchange risk by arranging C .A. a contract of international sale of goodsB. a contract of marine insuranceC. a forward contract to fix the exchange rate in adva

4、nce5. The danger to the exporter in open account trading is that by surrendering the shipping documents to the importer, heB before he has obtained payment for them.A. is in control of the goodsB. losses control of the goodsB. retain control of the goodsD. gives up control of the goods6. Leasing is

5、an arrangement whereby one party obtains on a long-term basis A which belongs to another party.A. the use of a capital asset B. the use of a current assetC. the use of working capital D. the use of current liabilities7. From a Chinese bank 's point of view, the currency account which it maintain

6、s abroad is known as , while a RMB account operated in China for a foreign bank is termed B .A. a vostro account, a nostro accountB. a nostro account, a vostro accountC. a mirror account, a nostro accountD. a vostro account, a mirror account8. Find the interest on US $65,000 for 14 days at 3 percent

7、 per annum.B .A. US $37.91B. US $75.83C. US $113.74D. US $227.499. Which of the following can not be included in the functions ofmoney?D 。A. Store of valueB. Standard for deferred paymentsC. Medium of exchange D. Financial and advisory services10. An advance is always granted when B .A. the customer

8、 has more than adequate securityB. the customer has the ability to repayC. the customer has a good safe jobD. the customer runs a supermarket11. International payments and other message are often sent through an international computer network called_B .A. CHAPS B. SWIFT C. CHIPS D. CHATS12. The Bank

9、 of China, Guangzhou, has sterling account withMidland Bank; at the same time it maintains a RMB account for an American bank, Citicorp. Respectively, to the Bank of China, Guangzhou, these accounts are D .A. vostro; nostroB. mirror; vostroC. nostro; mirrorD. nostro; vostro13. The legal relationship

10、 between a bank and a customer with an overdraft is respectively A .A. creditor; debtorB. debtor; creditorC. mortgagor; mortgagee D. mortgagee; mortgagor14. An exporter sells goods to a customer abroad on FOB and on CIF terms. Who is responsible for the freight charges in each? A.A. Importer; export

11、erB. Exporter; importerC. Importer; importerD. Exporter; exporter15. The main liability on a bank balance sheet is C .A. loans and overdraftsB. capital and reservesC. depositsD. cashWriting:Directions: On November 17, 2011, STANDARD CHARTERED BANK, HONG KONG sends a Credit Advice to Bank of China, G

12、uangzhou Branch informing that they have credited Guangzhou Branch's a/c with USD 21,780.00 being reimbursement of their ngotiation under Ref. No. BP42A94094 and charges of USD220. Now complete the Credit Advice by filling in the missing items.STANDARD CHARTERED BANKHong Kong OfficeCREDIT ADVICEName:(1) Date: No. 100017-03011Address: 91 Changdi Rd, Guangzhou,Guangdong Province 510120ChinaParticulars: (3)Total Amou