山东大学金融英语(2023春)作业题答案

1 人民币汇率改革问题

• The dual exchange rates in China from 1986 to 1993 refer to the co-existence of ( ). Aoff…
• Which of the following statements are not true? ( ) AChina Foreign Exchange Trading Cente…
• The difference between relative and absolute purchasing power parity (P) is that ( ). Are…
• Which basket of goods would be most likely to exhibit absolute purchasing power parity?() …
• According to covered interest rate parity, if the difference between the domestic and fore…
• Possible benefits of currency internationalization don’t include ( ). Areducing exchange…
• Yuan denominated bonds sold by non-PRC issuers in the PRC are called ( ). Apanda bonds B…
• RMB bonds issued in Hong are called  ( ). Apanda bonds Bdim-sum bonds Cforeign bonds …
• According to trillemma, policymakers in open economies can’t jointly achieve the three ob…
• Currency derivatives in the interbank FX markets in China include ( ). ARMB/FX Forward B…
• The participants in inter-bank foreign exchange market in China include (). Aforeign cent…
• The international use of RMB includes ( ). Atrade settlements BOFDI CFDI Dinternationa…
• Interest rate parity is a theory on short-term exchange rate determination. ()
• PPP theory is a theory on short-term exchange rate determination. ()
• RMB was adopted by SDR in 2016. ()
• From 1949 to 1972, RMB exchange rate was officially determined.
• With the collapse of Bretton Woods system, RMB exchange rate regime was changed from a sin…
• Qualified foreign institutional investors (QFII) were permitted to invest in domestic capi…
• (    )  is to be settled or delivered within two business days of the contract. Aspot…
• The program of RQFII was lauched from 2011.

2 中国金融体系概述

• Objectives of CSRC doesn’t include ( ). Aprotecting investors Bensuring that markets ar…
• In China policy banks include (). AChina Development Bank Bthe Export-Import Bank of Chi…
• Functions of PBOC include ( ). Aissuing currency and regulate its circulation Bformulati…
• Shadow banking in China includes ( ). Amicro loan companies Bfinancing guarantee compani…
• The disadvantages of state ownership of financial system include ( ). Aprohibiting compet…
• Functions of China Securities Regulatory Commission (CSRC) include ( ). ARegulating secur…
• Qualified domestic institutional investor (QDII) program was introduced in 2002. ()
• B shares are denominated in RMB and traded in foreign currencies. ()
• PBOC took on a dual role in financial regulation before 1978. ()
• CSRC is in charge of authorizing the establishment, changes, termination and business scop…
• According to financial repression theory, Financial development and economic growth can fo…
• In 2001 China accessed to WTO.
• CIRC was set up in 1998 to assume regulatory responsibility for the insurance industry in …
• Construction Bank of China is in charge of construction and infrastructure financing.
• Central Banking Laws and Commercial Banking Laws were both enacted in 1995.
• Combating money laundring activities is the function of (  ). ACIRC BCSRC CCBRC DPBOC
• There are (    ) policy banks in China. A1 B2 C3 D4
• CBRC was established in 2003. ( )
• In China securities and future exchanges were supervised by (  ). ACBRC BCSRC CCIRC DP…
• In China there are (   ) future exchanges. A1 B2 C3 D4

3 国际结算

• Combined certificate is a stamped () as evidence of insureance. AB/L Binvoice CP/L Dsa…
• Which of the following is clean collection? () Acollection of financial documents accompa…
• The function of commercial documents in trade settlements includes (). Aevidence for the …
• A credit card is generally involved ( ). Aissuing bank Bcardholder Cmerchant Dpayer
• A traveler’s check is generally involved () Athe issuer Bpaying agent Cholder Dtransf…
• Which is a special invoice? () Aconsular invoice Bsample invoice Cpro forma invoice Dv…
• B/L is () Arequisite in form Bwritten document Ctransferable document Ddocument with v…
• Which of the following is true about L/C/? () AThe issuing bank takes the first responsib…
• The date of issuance is optional for a bill of exchange to be valid. ()
• Checks are negotiable instruments. ()
• Clean bill refers to a bill without shipping documents attached thereto. ()
• A commercial invoice must appear to have been issued by the beneficiary and made out in th…
• Insurance document can be issued by an insurance broker. ()
• Remittance is based on bank credit. ()
• Revolving L/C can be renewed or reinstated. ()
• A bill of lading that states “consigned to J. Smith” is a (    ). Ashort form bill o…
• Which can provide financing to the exporter?  (   ). Ausance L/C payable at sight Bant…
• If a credit calls for an insurance certificate, banks will not accept an insurance policy.
• In L/C，the draft can not be drawn on (   ). Aissuing bank Bpaying bank Caccepting bank …
•  In collection, D/P is more favorable to the exporter than D/A.

4 金融公文写作

• In writing financial letters, the principle of ( ) means you have to use specific expressi…
• In writing financial letters, letter head should indicate the name and address of () . At…
• In writing financial letters, body of letter usually contains ( ) paragraphs. A1 B2 C3 …
• The printing styles of a bank letter have ( ) types. A1 B2 C3 D4
• In writing financial letters, ( ) indicates name of the writer both in handwriting and in …
• In writing financial letters, the principle of completeness means when writing a letter, y…
• In writing financial letters, the principle of courtesy means politeness and good manner i…
• In writing financial letters, inside address shows the name and address of the sender. ()
• In writing financial letters, subject or caption indicates the central idea of the letter …
• True or False: In writing financial letters, The most popular printing type is full-block …
• (  ) means you have to write in the fewest possible words by avoiding wordiness and very…
• To keep clarity in writing financial letters, you must try your best to avoid ambiguity an…
• In writing financial letters, you must treat your reader with respect and friendly human c…
• The figures and information stated in your letter must be correct and accurate. This is th…
• (  ) shows the name and address of receiver of the letter. Asalutation Bsbuject Clette…
• Which sentences are frequently used for opening paragraph? (    ) AAcknowledging recei…
• Semi-block style is a tradition style printed with an indent of 4-6 spaces at the beginnin…
• Body of letter is the most important part the whole letter.
• The most popular printing type is indented style.
• The opening paragraph generally explains the initiative of the letter.