单选题Internet banking obscures the service boundaries of banks and therefore reduces the risks.

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 Most commercial letters of credit are documentary, meaning that certain documents must be included with any drafts drawn under the terms of the credit. Documents required usually include an order bill of lading, a commercial invoice, and any of the following: consular invoice, insurance certificate or policy, certificate of origin, weight list, packing list. The first is the standby letter of credit, in which the issuing bank undertakes to pay if the applicant does not carry out his obligations. Documents normally called for are evidences of the underlying transaction, such as non-negotiable copies of bills of lading, or third party's certificate certifying the non-payment by the applicant. The second is the indemnity for minor discrepancies in the documents given to the shipping company so that the issuing bank may make payment or the shipping company may release goods to the applicant.

单选题Tico Co. Ltd. bought a computer at the price of US $ 300, though the real price on the market was US $ 100. And the general manager thought it was worth of only US $ 90. So the price of the computer shall be booked at the price of ______.

单选题For banks with serious problems, they will have to adopt a remedial action program in consultation with the supervisory authorities. While specific content of such a program will depend on the natures of the bank"s problems, there are usually several common elements in these bank programs. The bank will be required to develop a detailed capital and operating plan, showing how the bank"s financial health will be restored. The plan will show not only how the bank expects its income, dividends, assets, liabilities and capital to unfold over the next year or two, but also its best guess as to the development of non-performing assets and loan charge - offs over the stone period. Both the supervisors and the bank"s directors can use these plans to structure the needed remedial measures mid to monitor the progress of the remedial program. When a bank"s problems have eroded its capital base, the program will include measures designed to restore its capital position. For example, if a bank is undercapitalized, it may be prohibited from paying dividends and be subject to other supervisory measures. Such measures may include raising new equity capital, selling unprofitable assets or business, and limiting growth and expansion. Frequent liquidity reports are also likely to be required by the supervisors who must remain alert to the possibility of bank funding difficulties.

单选题{{B}}Passage Three{{/B}} Assets are the economic resources of the business that can be usefully expressed in monetary terms. Liabilities, or creditors, equity, are the obligations, or debts, that the firm must pay in money or services at some time in the future. They therefore represent creditor's claims on the assets of the firm. The owner's interest is equal to the net assets of the business, which is defined as the difference between the assets and liabilities. Thus, owner's equity is the residual claim--a claim to the assets remaining after the debt to creditors has been discharged.

单选题One of the main differences between IBOS and SWIFT is that_________.

单选题Supervisors monitoring the bank's handling of risk concentrations may require that bank report their exposures over a specified limit.

单选题The selected data pertain to a company at 31 December 2003 as the following: Quick Assets ＄208,000 Quick ratio 2.6 to 1 Current ratio 3.5 to 1 Net sales for 2003 ＄1,800,000 Cost of good sold for 2003 ＄990,000 Average total assets for 2003 ＄1,200,000 The company's inventory balance at 31 December 2003 is ______. (a)＄72,000. (b)＄186,990. (c)＄231,111. (d)＄68,000.

单选题You have to ______ your check in order to cash it.

单选题A bill may be paid on demand if time for payment is not indicated.

单选题John writes a check on his ABC Bank account to pay for goods at Peter. Who is the drawee? A. John B. ABC Bank C. Peter D. Both A and C

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单选题Internal control consists of ______.

单选题The agent bank in a syndication loan normally receives a fee ______.

单选题{{B}}Passage Two{{/B}} Liabilities are usually classified as either current or noncurrent liabilities. Current liabilities are those obligations whose {{U}}(61) {{/U}} is reasonably expected to require the use of existing resources properly classified as current {{U}}(62) {{/U}}, or the creation of other current liabilities. This definition of current liabilities emphasizes a short-term creditor's claim to working capital rather than to the due date for {{U}}(63) {{/U}} purposes. Accounts payable, dividends payable, salaries payable, and taxes payable are examples of current liabilities. Liabilities which are not current liabilities are {{U}}(64) {{/U}} as noncurrent or long-term liabilities. Bonds payable and mortgages payable are examples of {{U}}(65) {{/U}} liabilities.

单选题How many forms of interest rate risk were mentioned?

单选题Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A, B, C, D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

单选题 Directions: There are 10 blanks in the following passages. For each blank, there are four choices marked A, B, C and D.{{B}}Passage One{{/B}} Foreign exchange markets are electronic communication systems that {{U}}(56) {{/U}} major financial centers throughout the world. Exchange rates are determined {{U}}(57) {{/U}} supply and demand relationships, relative interest rate levels, relative {{U}}(58) {{/U}} of inflation, political risk, and economic risk. Alternatives {{U}}(59) {{/U}} affecting settlement of purchase and sales claims were explored {{U}}(60) {{/U}} with the instruments available to exporters and importers for financing their international activities.

单选题Opportunity cost: （　　）