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单选题Forfaiting is a method of providing non - recourse ______.

单选题 Passage 3 Secured loans involve the pledge of specific collateral. An example is a loan that is secured by a chattel mortgage on an automobile or some other form of personal property. Pledged collateral for secured loans may consist of a variety of assets such as real estate, warehouse receipts, accounts receivable, plants and equipment, trust receipts, negotiable bills of lading, oil runs, corporate stocks, and bonds. The basic requirement of such assets is marketability. The main reason for requesting that a loan be secured is to reduce the bank's risk of loss in the event the borrower is unwilling or unable to repay the loan at maturity. Security does not assure that the loan will be repaid; however, it does reduce the risk, since the hank becomes a preferred creditor in the event of liquidation, and takes precedence over general creditors in the liquidation of any assets pledged to the bank as collateral. The value of the assets securing a loan may deteriorate, and this deterioration, coupled with a forced sale, may not furnish sufficient funds to cover the indebtedness. In arranging security for a loan, it is imperative that the bank obtain the primary claim to the collateral and that its value be as great as, or greater than, the amount of the loan. Should the value of the collateral exceed the amount of the loan, and the bank be forced to liquidate it because of default on the part of the borrower, the excess is returned to the borrower. In the event the security is not sufficient to cover the loan, the bank can in some instances obtain, through court proceedings, a deficiency judgment for the difference. This entitles the bank to a claim on additional property or income, should the borrower have any. In recent years some states have enacted legislation limiting the use of deficiency judgments in the area of consumer lending. In most instances this has taken the form of eliminating the deficiency judgment when the loan is reduced below a certain level. The objective of limiting deficiency judgments was to reduce overcharging on consumer durable goods at the retail level. The limitation was later extended to lenders as well. Limiting the use of the deficiency judgment has increased the risk of lending and will eventually reduce the availability of credit to certain borrowers. Consumer credit will, to an increasing extent, be made available only to those borrowers who have a good, well-established credit record.

单选题From the bank’s point of view, a liberal leverage calculation is better.

单选题In an extreme case--bankruptcy--the owner's ___ will be repaid only after everyone else has received what they are owed.

单选题Incoterms provides for ______.

单选题Government - to - government bilateral loans are generally in the form of grants or credits with very low interest rates and long maturities. The closest meaning of bilateral is ______. A. bilingual B. bilabial C. a double side D. biped

单选题{{B}}Section One{{/B}} Directions: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. Passage 1 Banking organizations are highly geared, much more than commercial or industrial companies. They have custody of large volume of monetary items, which makes them vulnerable to misappropriation and fraud. They therefore need to establish formal operating procedures, well defined limits for individual discretion rigorous system of internal control. Banking organizations engage in a large volume and variety of transactions. This necessarily requires complex accounting and internal control system and widespread use of electronic data processing. Banking organizations often assume significant commitments without any transfer of funds. These items may not involve accounting entries and consequently the failure to record such items may be difficult to detect. And most importantly, the failure of a bank, unlike most commercial firms, affects more than the fortunes of its shareholders and creditors, and may destabilize the whole economy. Effective supervision of banking organizations is an essential component of a strong economic environment in that the banking system plays a central role in making payments and mobilizing and distributing savings. Strong and effective banking supervision provides a public good that may not be readily available in the marketplace. Along with effective macroeconomic policy, it is critical financial stability in any country. While the cost of banking supervision is indeed high, the cost of poor supervision has proved to be even higher. For all these reasons, banks throughout the world are generally accorded a higher degree of official, supervision and regulation than other types of businesses. At the same time, banks are also provided with important elements of official protection. For example, the central bank usually acts as a lender of last resort to protect commercial banks against a temporary liquidity drain. This protection is an important component of the official safety net bank stopping the banking system. Another major aspect of that safety net takes the form of deposit insurance fund to guarantee bank depositors that they will get their money back in the event of a bank failure.

单选题A.TheFedraisedinterestrateby0.25%.B.TheFedwantedtolowertheunemploymentrate.C.TheFedwantedtocontrolinflation.D.TheFedincreasedtwokeyinterestrates.

单选题With the advent of Web- based commerce, start - ups are not a threat to other companies.

单选题Low asset quality might affect a bank's capital ratio or even lead to the bankruptcy of the bank.

单选题A.PleaseaskyourLondonbanktohandoutthis.B.Pleaseaskyoursubsidiarybanktodothis.C.PleaseaskasimilarLondonbanktodealwiththeproblem.D.PleaseaskthebankinLondonwhichhasacorrespondentrelationshipwithyoutodealwiththeproblem.

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单选题State interference carried with it an implied guarantee, so bankers paid no heed _____ the financial risks they were undertaking.

单选题 Directions: Read the following passages and determine whether the sentences are "Right" or "Wrong". ff there is not enough information to answer "Right" or "Wrong", choose "Doesn't say".{{B}}Passage One{{/B}} The most basic tool of the accountant is the accounting equation. This equation presents the assets of the business and the claims to those assets. Assets are economic resources of a business that are expected to be of benefit in the future. Cash, office supplies, merchandise, furniture, land and buildings are examples. Claims to those assets come from two sources. Liability are outsider claims, which are economic obligations, debts payable to outsiders. These outside parties are called creditors. For example a creditor who has loaned money to a business has a claim—a legal right—to a part of the assets until the business pays the debt. "Insider claims" are called owners equity or capital. These are the claims held by the owners of the business. An owner has a claim to the entity's assets because he or she has invested in the business. Owners' equity is measured by subtracting liabilities from assets.

单选题There will be no control over retail deposit interest rates and a flexible management of large amount deposit interest rates.

单选题Deposits, taken within the territory of the People’s republic of China by a foreign financial institution shall not exceed _______ percent of its total assets.

单选题A charter party bill of lading is usually ______.

单选题By purchasing government securities commercial banks are ______.

单选题The bank charges a ______ to cover the cost of bookkeeping.