International Banking 2000 TP. Hồ Chí Minh UEH University

International Wholesale Banking - Mid-term Exam

80 câu

90 phút

Có đáp án

Thông tin đề

Môn: International Banking
Kỳ thi: University
Số câu: 80 câu
Thời gian: 90 phút
Năm: 2000
Đáp án: ✓ Có giải thích
Trường: Đại học Kinh tế TP.HCM (UEH)

Nội dung đề (80 câu)

Câu 1.
Which of the following best describes international wholesale banking (IWB)?
- A.
  Banking services focused on individual consumers and small deposits
- B.
  Banking services offered mainly to large enterprises, merchant banks, and financial institutions
- C.
  Banking limited exclusively to domestic currency transactions
- D.
  Banking services restricted to a single national jurisdiction
Câu 2.
Which factor is NOT listed as influencing the development of modern IWB?
- A.
  Regulatory reforms
- B.
  Growth of digital technology
- C.
  Explosive growth of securities markets
- D.
  The decline of international trade
Câu 3.
Which of the following is NOT a characteristic of IWB?
- A.
  Provided by large-scale banks
- B.
  Heavy competition among providers
- C.
  Quick and standardized processing
- D.
  High-value and large-scale transactions
Câu 4.
IWB customers typically include:
- A.
  Individual retail consumers
- B.
  Only small and medium-sized businesses
- C.
  Financial institutions and large corporations
- D.
  Government agencies exclusively
Câu 5.
An international loan is most accurately defined as:
- A.
  A credit obligation between borrowers and lenders within the same country
- B.
  A loan only between two banks in one jurisdiction
- C.
  A credit obligation between a borrower in one national jurisdiction and a lender in another
- D.
  Any loan issued in foreign currency
Câu 6.
A cross-border loan can be structured as:
- A.
  Only funded facilities
- B.
  Only unfunded credit facilities
- C.
  Either funded or unfunded credit facilities
- D.
  Only government-backed loans
Câu 7.
Which of the following is an example of a funded cross-border loan?
- A.
  A bank guarantee issued to an exporter on behalf of an importer
- B.
  A cash advance by a lender to finance the exports of a borrower
- C.
  A performance bond
- D.
  A personal line of credit
Câu 8.
Which option best illustrates an unfunded credit facility?
- A.
  A direct cash loan to a foreign buyer
- B.
  A bank guarantee made to an exporter on behalf of an importer
- C.
  A mortgage loan denominated in foreign currency
- D.
  An overdraft facility on a current account
Câu 9.
A syndicated loan is best described as:
- A.
  A loan from a single bank to multiple borrowers
- B.
  Credit extended by a group of banks to a single customer on common terms
- C.
  A loan syndicate limited to retail customers
- D.
  A government-issued bond
Câu 10.
The main reason banks form syndicates is to:
- A.
  Concentrate risk on a single institution
- B.
  Avoid all forms of regulation
- C.
  Distribute credit risks that would be too large for one bank
- D.
  Eliminate the need for credit assessment
Câu 11.
Project finance is most commonly used for:
- A.
  Personal consumption loans
- B.
  Small-business working capital
- C.
  Large-scale, long-term, high-risk capital projects
- D.
  Short-term trade credit
Câu 12.
In project finance, the borrower is typically:
- A.
  A well-established multinational corporation
- B.
  A newly-formed company created for a specific capital-intensive purpose
- C.
  A retail consumer with a mortgage
- D.
  A government treasury
Câu 13.
Which sectors are typical targets for project finance?
- A.
  Retail and hospitality only
- B.
  Energy, transportation, telecommunications, mining, and real estate
- C.
  Personal banking services
- D.
  Small-scale agriculture
Câu 14.
The primary instrument of international trade finance is:
- A.
  A mortgage
- B.
  A letter of credit (L/C)
- C.
  A bond certificate
- D.
  An equity share
Câu 15.
A letter of credit primarily substitutes:
- A.
  The seller's credit for the buyer's
- B.
  The bank's credit for that of the customer
- C.
  A loan for an insurance policy
- D.
  Government guarantees for private guarantees
Câu 16.
Trade finance mainly facilitates:
- A.
  Domestic retail transactions
- B.
  Stock-market speculation
- C.
  Real estate closings
- D.
  International trade between buyers and sellers
Câu 17.
Commercial paper (CP) is typically issued by:
- A.
  Retail consumers with savings
- B.
  Government treasuries exclusively
- C.
  Strong corporate borrowers to sophisticated investors
- D.
  Charitable organizations
Câu 18.
The typical maturity of commercial paper is around:
- A.
  5 years
- B.
  30 years
- C.
  90 days
- D.
  1 day
Câu 19.
Sophisticated investors in commercial paper typically include:
- A.
  Other corporations, pension funds, mutual funds, and banks
- B.
  Children's savings accounts
- C.
  Local grocery shoppers
- D.
  Tax authorities
Câu 20.
In the CP market, banks can act as:
- A.
  Only retail brokers
- B.
  Underwriters and guarantors
- C.
  Only personal-loan officers
- D.
  Only tax collectors
Câu 21.
A Note Issuance Facility (NIF) is best defined as:
- A.
  A long-term bond issued by a sovereign
- B.
  A personal savings plan
- C.
  A credit facility allowing a borrower to issue short-term Euro-notes over a set period
- D.
  A mortgage refinancing tool
Câu 22.
Underwriting banks in a NIF are typically committed to:
- A.
  Refuse to absorb unsold notes
- B.
  Purchase unsold notes or guarantee their repayment
- C.
  Only issue personal loans
- D.
  Sell the notes at any price without limit
Câu 23.
Global custody refers to:
- A.
  Selling insurance to fund managers
- B.
  Processing trades and safeguarding securities on behalf of fund managers
- C.
  Issuing government bonds
- D.
  Currency trading for tourists
Câu 24.
Cash management services help corporate treasurers set up:
- A.
  Zero balance accounts and controlled disbursement accounts
- B.
  Children's education savings plans
- C.
  Real estate mortgage accounts
- D.
  Cryptocurrency cold-storage wallets
Câu 25.
In global payment services, banks typically act as:
- A.
  Stock brokers
- B.
  Insurance underwriters
- C.
  Real estate agents
- D.
  Clearing agents for their customers
Câu 26.
An investment bank is best described as:
- A.
  A retail savings institution
- B.
  A bank providing long-term equity and loan finance, particularly new securities
- C.
  A government tax collection agency
- D.
  A consumer credit-card issuer
Câu 27.
Investment banking is considered a higher-risk business mainly because:
- A.
  It is fully insured by governments
- B.
  Returns depend on stock markets, interest rates, and intangible factors
- C.
  It only deals in cash
- D.
  It has no speculative component
Câu 28.
Which of the following is a main operation of international investment banking?
- A.
  Underwriting and selling securities
- B.
  Selling groceries
- C.
  Issuing personal passports
- D.
  Operating amusement parks
Câu 29.
Investment banks assist companies and governments in raising capital by:
- A.
  Buying used furniture
- B.
  Issuing new shares or bonds, pricing them, and often guaranteeing the sale
- C.
  Closing bank branches
- D.
  Selling real estate directly
Câu 30.
Underwriting typically involves distributing new issues to:
- A.
  Only one institutional investor
- B.
  Both institutional and individual investors
- C.
  Only retail grocery chains
- D.
  Only government tax offices
Câu 31.
Market making in investment banking primarily involves:
- A.
  Creating physical factories
- B.
  Quoting bid and ask prices and standing ready to trade
- C.
  Writing tax laws
- D.
  Issuing personal identification cards
Câu 32.
The key purpose of market making is to:
- A.
  Restrict trading activity
- B.
  Supply liquidity and price continuity to investors
- C.
  Avoid regulatory compliance
- D.
  Issue new currencies
Câu 33.
Investment banks act as strategic advisors primarily in:
- A.
  Personal grocery shopping
- B.
  Mergers and acquisitions (M&A)
- C.
  Pet grooming
- D.
  Local restaurant reviews
Câu 34.
The first stage of the M&A sale process is:
- A.
  Closing the deal
- B.
  Negotiations with bidders
- C.
  Organization & Preparation, including setting objectives and preparing the CIM
- D.
  Conducting a second-round bid
Câu 35.
During the second round of an M&A process, investment banks typically coordinate:
- A.
  Retail store openings
- B.
  Management presentations, data room access, and final bids
- C.
  Personal tax returns
- D.
  Government bond auctions
Câu 36.
The closing stage of an M&A process includes:
- A.
  Obtaining approvals, arranging financing, and closing the deal
- B.
  Setting initial objectives
- C.
  Distributing the CIM for the first time
- D.
  Screening potential targets for the first time
Câu 37.
A fairness opinion is typically provided during which M&A stage?
- A.
  Initial organization
- B.
  Negotiations, after evaluating bidders and selecting a winner
- C.
  First-round CIM distribution
- D.
  Pre-deal grocery shopping
Câu 38.
A Leveraged Buyout (LBO) is best defined as:
- A.
  An acquisition financed entirely with cash
- B.
  An acquisition of a company, division, or assets using significant debt financing
- C.
  A government seizure of private property
- D.
  A personal retail purchase
Câu 39.
As a financing advisor in an LBO, an investment bank primarily:
- A.
  Designs clothing lines
- B.
  Crafts a marketable financing structure that meets sponsor return thresholds
- C.
  Issues personal credit cards
- D.
  Operates amusement parks
Câu 40.
On the buy-side of an LBO, the investment bank typically:
- A.
  Sells portfolio companies
- B.
  Sources deals and provides relationships, expertise, and resources
- C.
  Operates grocery stores
- D.
  Files personal tax returns
Câu 41.
On the sell-side of an LBO, the investment bank typically:
- A.
  Sources deals for buyers
- B.
  Manufactures physical products
- C.
  Markets portfolio companies through an organized sale process
- D.
  Runs a restaurant chain
Câu 42.
The three core valuation methodologies used by investment banks are:
- A.
  Coin-flipping, dice-rolling, and guessing
- B.
  Personal intuition, office gossip, and rumor
- C.
  Comparable Companies, Precedent Transactions, and Discounted Cash Flow
- D.
  Weather forecasting, astrology, and tarot
Câu 43.
The Comparable Companies valuation method:
- A.
  Uses discounted future cash flows
- B.
  Benchmarks the target against trading multiples of similar public companies
- C.
  Applies multiples from prior M&A deals
- D.
  Uses personal horoscopes
Câu 44.
The Precedent Transactions valuation method:
- A.
  Uses only personal opinions
- B.
  Applies multiples paid in prior comparable M&A deals to the target
- C.
  Uses only weather data
- D.
  Ignores historical deals
Câu 45.
The Discounted Cash Flow (DCF) method values a target as:
- A.
  The sum of its physical assets only
- B.
  The present value of projected free cash flow
- C.
  The number of employees multiplied by a constant
- D.
  An arbitrary figure chosen by the analyst
Câu 46.
In the DCF method, intrinsic value is driven by assumptions about:
- A.
  Growth, margins, and capex
- B.
  The analyst's favorite color
- C.
  The phase of the moon
- D.
  Lottery numbers
Câu 47.
Investment banks range from:
- A.
  Only government agencies
- B.
  Full-service shops to specialized boutique firms
- C.
  Only retail branches
- D.
  Only charitable foundations
Câu 48.
A boutique investment bank typically:
- A.
  Offers every conceivable service
- B.
  Sells groceries to the public
- C.
  Operates only as a regulator
- D.
  Specializes in a few select services
Câu 49.
In the underwriting process, investment banks devote significant effort to:
- A.
  Manufacturing toys
- B.
  Developing client relationships
- C.
  Running pet hotels
- D.
  Issuing personal passports
Câu 50.
The Target & Buyer Identification stage of M&A mainly involves:
- A.
  Manufacturing auto parts
- B.
  Screening and shortlisting suitable targets or potential acquirers
- C.
  Cooking in a restaurant
- D.
  Issuing local parking tickets
Câu 51.
Valuation & Structuring in M&A involves:
- A.
  Valuing the business and designing the optimal deal structure and financing
- B.
  Writing restaurant reviews
- C.
  Issuing personal identity cards
- D.
  Running pet shelters
Câu 52.
Due Diligence in M&A typically covers:
- A.
  Coordinating financial, legal, and commercial due diligence with all parties
- B.
  Coordinating pet adoption events
- C.
  Filing personal tax returns
- D.
  Selling ice cream
Câu 53.
Negotiation & Closing in M&A involves:
- A.
  Leading negotiations and steering the deal through to signing and closing
- B.
  Setting initial CIM objectives
- C.
  Coordinating office lunch
- D.
  Issuing fishing licenses
Câu 54.
Stapled financing in M&A refers to:
- A.
  Personal mortgages
- B.
  Financing that may be provided alongside sell-side M&A advice
- C.
  Government welfare payments
- D.
  Toy manufacturing
Câu 55.
Which of the following is a supplementary business stream of investment banking?
- A.
  Investment management
- B.
  Pet grooming
- C.
  Personal grocery shopping
- D.
  Local road repair
Câu 56.
Merchant banking is classified as:
- A.
  A personal retail service
- B.
  A supplementary business stream of investment banking
- C.
  A government tax program
- D.
  A local grocery chain
Câu 57.
Foreign currency trading is part of:
- A.
  A child's piggy bank
- B.
  A local bakery
- C.
  The supplementary business stream of investment banking
- D.
  A car rental business
Câu 58.
Bridge financing in investment banking typically serves as:
- A.
  Long-term home mortgages
- B.
  Temporary funding until permanent financing is arranged
- C.
  Personal grocery coupons
- D.
  A pet adoption fee
Câu 59.
Financial engineering in investment banking primarily refers to:
- A.
  Designing physical bridges
- B.
  Designing and pricing innovative financial products and strategies
- C.
  Building factories
- D.
  Selling second-hand clothing
Câu 60.
Leasing is included in which investment banking classification?
- A.
  Retail deposit taking
- B.
  Supplementary business stream
- C.
  Local restaurant franchising
- D.
  Personal tax preparation
Câu 61.
Project finance appears in BOTH international commercial banking and:
- A.
  Personal savings accounts
- B.
  A local bakery
- C.
  The supplementary business stream of investment banking
- D.
  Government-only services
Câu 62.
IWB transactions are typically characterized as:
- A.
  Small in value and low in volume
- B.
  High value and large scale
- C.
  Free of competition
- D.
  Standardized and brief
Câu 63.
Which of the following is true about the participants in a syndicated loan?
- A.
  Banks operate on completely different terms
- B.
  Banks usually operate on common terms with a single borrower
- C.
  Only one bank participates
- D.
  Borrowers must be individuals
Câu 64.
IWB operates under:
- A.
  No competition at all
- B.
  Heavy competition among providers
- C.
  A strict monopoly
- D.
  No regulatory oversight
Câu 65.
Which of the following is NOT a noncredit service of international commercial banking?
- A.
  Global custody
- B.
  Cash management
- C.
  Personal consumer loans to individuals
- D.
  Global payment services
Câu 66.
A zero balance account is typically associated with:
- A.
  Personal savings plans
- B.
  Corporate cash management
- C.
  Stock market speculation
- D.
  Real estate closings
Câu 67.
Euro-notes issued under a NIF are typically:
- A.
  Long-term government bonds
- B.
  Short-term instruments issued over a set period
- C.
  Personal savings products
- D.
  Cryptocurrency tokens
Câu 68.
In market making, the 'ask' price is the price at which the market maker:
- A.
  Buys securities from investors
- B.
  Sells securities to investors
- C.
  Closes the exchange
- D.
  Issues new currency
Câu 69.
In market making, the 'bid' price is the price at which the market maker:
- A.
  Sells securities to investors
- B.
  Buys securities from investors
- C.
  Issues new shares
- D.
  Files regulatory reports
Câu 70.
Issuing new securities to help clients raise capital is most closely associated with:
- A.
  Underwriting
- B.
  Personal retail banking
- C.
  Pet grooming
- D.
  Local parking enforcement
Câu 71.
Which of the following best captures the role of market making?
- A.
  Building physical infrastructure
- B.
  Providing an active secondary market and quoting two-sided prices
- C.
  Issuing passports
- D.
  Running restaurants
Câu 72.
Which of the following is true of investment banking?
- A.
  It has no speculative component
- B.
  It is a higher-risk business dependent on volatile market factors
- C.
  It only handles personal savings
- D.
  It is government guaranteed
Câu 73.
Investment banks focus on the issuance of:
- A.
  Passports and ID cards
- B.
  Groceries and clothing
- C.
  New long-term equity and loan securities
- D.
  Pet food
Câu 74.
What is the main objective of valuation in an M&A deal?
- A.
  To determine the value of the target and structure the deal accordingly
- B.
  To issue new currencies
- C.
  To file tax returns
- D.
  To design restaurant menus
Câu 75.
Confidential Information Memorandum (CIM) is typically prepared in which stage?
- A.
  During the closing stage
- B.
  During the Organization & Preparation stage
- C.
  During final approval only
- D.
  During pet grooming
Câu 76.
Which activity is most consistent with a buy-side M&A advisor?
- A.
  Sourcing and screening acquisition opportunities for buyers
- B.
  Marketing portfolio companies for sale
- C.
  Issuing personal credit cards
- D.
  Running a pet store
Câu 77.
Which activity best describes a sell-side M&A advisor's role?
- A.
  Sourcing deals for buyers
- B.
  Marketing portfolio companies through an organized sale process
- C.
  Selling pet accessories
- D.
  Issuing government visas
Câu 78.
Which of the following is most directly tied to the 'speculative' nature of investment banking?
- A.
  Fixed, guaranteed coupon payments
- B.
  Volatility in stock markets and interest rates
- C.
  Routine grocery inventory
- D.
  Local dog-walking schedules
Câu 79.
Investment banks assist issuers primarily by:
- A.
  Pricing securities, distributing them, and often guaranteeing the sale
- B.
  Running laundromats
- C.
  Filing personal tax returns
- D.
  Operating pet shelters
Câu 80.
Which of the following best summarizes the overall role of international investment banks?
- A.
  Underwriting, market making, advisory services, and supplementary business streams
- B.
  Pet sitting and grocery delivery
- C.
  Issuing passports and identity cards
- D.
  Cooking in restaurants

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