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Financial English Certificate Test
(Medium Stage for Banking)
ELEMENTS OF BANKING (Ⅰ)
1. This paper consists of 5 sections.
Section 1: Listen to a short conversation and a passage and answer the questions based on the information given in the tape. (20 marks)
Section 2: Answer 12 true or false questions. (20 marks)
Section 3: Write short notes on general banking subjects. (20 marks)
Section 4: Answer 1 essay question out of 2. (20 marks)
Section 5: Answer 1 essay question out of 3. (20 marks)
2. All answers must be written on the answer sheets provided. Question papers and answer sheets should be submitted to the invigilator towards the end of the examination.
3. Except for section 1, which requires candidates to write in complete sentences, note form answers are acceptable for all other questions.
4. Time allowed: 2.5 hours (including the listening test).
5. Candidates are advised to spend approximately 30 minutes with section 1.
6. Pencil scripts will not be accepted.
SECTION ONE (Compulsory) (Total: 20 marks)
Now listen to a short conversation and a passage on the tape. This will be played once on the recorder. You may make notes while you are listening, but you should not answer any questions until the reading is over.
Question 1
1.1 Whats the name of the man who is seeking the mortgage loan?
1.2 When did he pay the down payment?
1.3 What is the purchase price of the apartment?
1.4 Through whom did he pay to the landlord?
1.5 What interest rate does he pay if he gets the loan?
1.6 How many years repayment schedule do they work on?
1.7 Is there any penalty if he makes early repayment, and how early?
1.8 Can Robert get unsecured loans if he applies for a short period
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