单选题The purpose of analyzing cash flow is to ______.

单选题A cheque payable to ABC Company is credited to the personal account of Mr. Gao. The bank ______. A. is correct in crediting the account B. is merely doing what is requested by its customer C. has committed an act of negligence D. will make a claim on its principal

单选题The liabilities are classified as current or long- term liabilities according to ______.

单选题{{B}}Passage Two{{/B}} Apart from borrowing from hanks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a {{U}}(61) {{/U}}, such as a bond or a mortgage, which is a {{U}}(62) {{/U}} by the borrower to pay the holder of it at {{U}}(63) {{/U}} until a specified date, when a final payment is made. The {{U}}(64) {{/U}} of it is the time of expiration date. The second method of raising funds is by issuing {{U}}(65) {{/U}}, such as common stock, which are claims to share in the net income and the assets of a business.

单选题Passage 1 Commercial bank deposits, including demand deposits, are subject to immediate withdrawal during regular banking hours at the request of the depositor with the exception of certain time deposits, discussed in this section. Demand deposits may be withdrawn in the form of currency or coin, or they may be transferred to another account at any commercial bank. Demand deposits at commercial banks can be transferred by bank check and are sometimes called checking accounts. No money interest is paid on demand deposits. Checkable NOW accounts, or share drafts at credit unions, which are available to consumers but not business depositors, pay interest. Technically, they are savings accounts that are accessible by a negotiable order of withdrawal. Savings deposits at commercial banks and thrifts can usually be withdrawn as currency or coin, or as a cashier's check of the bank (a check drawn against the issuing bank) ; they may be trans-fenced into the depositor's demand deposit account at the same bank, although technically the bank may refuse to withdraw or transfer a savings account for 30 days. Time deposit accounts with specified maturities are exceptions to the convention that commercial bank deposits should be convertible to cash on demand. Prior to the date of maturity, the bank may refuse to exchange such a time deposit claim or may impose a penalty fee. The time deposit pays interest, giving it one of the characteristics of other private bonds. Consumer or personal time deposits include CDs in denominations of less than $100,000. They are non-negotiable; that is, they cannot be sold and must be returned to the issuing bank by the original purchaser. Until 1976, there were effective ceilings on interest payments. In 1973, consumer CDs were first authorized with ceiling interest yields closer to market interest rates. They were called money market certificates.

单选题For a profit-maximizing firm, the price level equals its marginal revenue (MR) when: ()

单选题Government securities would appear on a commercial bank's balance sheet as ______. A. an asset B. reserves C. part of net worth D. a liability

单选题Service charges banks obtain are not enough to cover the bank costs.

单选题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 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 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.

单选题A financial system must therefore meet the needs of such enterprises by locating, securing, and ______ funds for firms which wish to invest.

单选题Liquidity risk arises from the inability of a bank to accommodate unexpected decreases in (21) or to fund increases in (22) . When a bank has (23) liquidity, it cannot obtain sufficient funds, either by increasing liabilities or by (24) assets promptly, at a reasonable cost, thereby affecting profitability. In extreme cases, insufficient liquidity cam lead to the (25) of a bank.

单选题

单选题Money is file most liquid asset of all because it is the medium of exchange; it does not have to be ______ into anything else in order to make purchases.

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. You should make the best choice and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center. Passage 1 The credit created for international settlement among banks not only provides a sense of security for the traders involved, but also a reliable source of finance for foreign trade where required. The credit created, in general, favors the exporter. In order to reduce the possible risk, the exporter usually insists on the buyer establishing a credit in his favor before shipment is unloaded. There are generally several types of credits. A "confirmed credit" guarantees payment to the beneficiary, provided that the credit terms and conditions are met and the standing of the advising bank in the beneficiary's country is sound. A "revocable credit" may be cancelled at any time up to the moment the advising bank pays. This type of credit is the least favorable to the exporter. There is a risk that the goods may be shipped, and the credit revoked before documents are presented to the advising bank. An "irrevocable credit" may not be cancelled or even amended without the consent of all the parties involved. This type of credit guarantees that no single party will revoke the contract already signed. With the credit arrangement, the issuing bank agrees to pay the advising bank, and the advising bank pays the exporter according to the terms of the documents which appear to fulfill the conditions of the credit. Banks, however, are not bound by, and therefore, not concerned with the underlying sales contract on which the credit requirements are based. As long as the documents are in good order and there are no apparent problems with the process, the buyer is still responsible for payment to the issuing bank although the goods received may be of inferior quality to those ordered.

单选题An initial public offering refers to the first issue of stocks and bends to the public.

单选题In order to calculate the monthly payments on your loan, the bank adds the interest to the ______ and divides the total by the number of months.

单选题

单选题A credit may be advised to a beneficiary through another ban (the advising bank) without engagement on the part of the advising bank, but that bank, if it elects to advise the credit. Shall ______ ?