听力原文：M: The rate on a personal loan is fixed according to the base rate at the time when the loan is made.
W: But it is always higher than the base rate, isn't it?
Q: What is determined when a personal loan is made?
(14)
A．Rate on the personal loan.
B．Base rate of the bank.
C．The amount of payment.
D．Personal loan's time period.
第1题：
(d) Sirus raised a loan with a bank of $2 million on 1 May 2007. The market interest rate of 8% per annum is to
be paid annually in arrears and the principal is to be repaid in 10 years time. The terms of the loan allow Sirus
to redeem the loan after seven years by paying the full amount of the interest to be charged over the ten year
period, plus a penalty of $200,000 and the principal of $2 million. The effective interest rate of the repayment
option is 9·1%. The directors of Sirus are currently restructuring the funding of the company and are in initial
discussions with the bank about the possibility of repaying the loan within the next financial year. Sirus is
uncertain about the accounting treatment for the current loan agreement and whether the loan can be shown as
a current liability because of the discussions with the bank. (6 marks)
Appropriateness of the format and presentation of the report and quality of discussion (2 marks)
Required:
Draft a report to the directors of Sirus which discusses the principles and nature of the accounting treatment of
the above elements under International Financial Reporting Standards in the financial statements for the year
ended 30 April 2008.
第2题：
听力原文：M: The depositors can earn interest on demand deposits, is that right?
W: Yes, but the rate of interest on demand deposits is generally well below the bank's base rate.
Q: What does the woman imply?
(15)
A．The bank's base rate is fixed.
B．The rate on demand deposits is low.
C．The rate on demand deposits is high.
D．The bank's base rate is floating.
第3题：
Which of the following is referred to as payback period:
A . the number of periods required to recover the initial investment
B . the rate of return on the investment
C . the number of periods required to bring project cost back to the original budget, based on current performance
D . loan payment schedule
E . None of the above
第4题：
Usually the borrowing firm of term loans promises to repay ______.
A．the principal and interest until the end of the loan period
B．the principal and interest at the end of the loan period
C．the loan in a series of installments
D．at any time when cash is more abundant ______.
第5题：
听力原文：M: What about the interest rate?
W: Well, the discount rate is given in accordance with the terms of the bill, time of discount, the amount, the reputation of the drawee and the drawer.
Q: What are they talking about?
(14)
A．The interest rate of savings account.
B．The discounting rate for drafts.
C．The rediscounting rate.
D．The interest rate for loans.
第6题：
听力原文：When the Fed wishes to encourage business activity, it may lower the discount rate to boost borrowing.
(5)
A．People are discouraged to do business with a lower discount rate.
B．People are encouraged to borrow more money if the discount rate is lowered.
C．People are encouraged to borrow more money if the discount rate is raised.
D．People are discouraged to borrow less money with a lower discount rate.
第7题：
单句理解
听力原文：For one full year when the full principal plus interest is paid together, compound interest and simple interest yield the same dollar amount.
(1)
A．If the time period of the loan is one year, the simple interest and compound interest are the same.
B．If the time period of the loan is the same, the simple interest and compound interest are the same.
C．When the full principal plus interest is paid together, compound interest and simple interest are of the same dollar amount.
D．When the full principal plus interest is paid together, compound interest and simple interest are not of the same dollar amount.
第8题：
此题为判断题(对，错)。
第9题：
短文理解
听力原文： The Chinese currency is the Renminbi. China has maintained a unified managed floating exchange rate since January 1994. The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market. The People' s Bank of China announces a reference rate for the Renminbi against the US dollar, the Hong Kong dollar, and the Japanese yen based on the weighted average price of foreign exchange transactions during the previous day's trading. Daily movement of the exchange rate of the Renminbi against the US dollar in inter-bank foreign exchange market is limited to 0.3% on either side of the reference rate as announced by the PBC. The buying and selling rates of the Renminbi against the Hong Kong dollar and the Japanese yen may not deviate more than 1% on either side of the reference rate. In the case of other currencies, the deviation may not exceed 0.5% on either side of their respective rates.
21. When did China begin to maintain a unified managed floating exchange rate?
22.Who determines the exchange rate of the Renminbi?
23.What is the deviation allowed on daily movement of the exchange rate of Renminbi against the US dollar?
(21)
A．1992
B．1993
C．1994
D．1995
第10题：
听力原文：The rate of interest on savings accounts is usually a little lower than that on deposit accounts.
(5)
A．There is a higher rate of interest on deposit account.
B．There is a higher rate of interest on savings account.
C．The rate of interest on deposit accounts is always much higher than that on savings accounts.
D．The rate of interest on deposit accounts is usually much lower than that on savings accounts.