单选题
{{B}}Section One{{/B}}
Directions: In this section, you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers marked A, B, C and D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

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.

【正确答案】 A

【答案解析】[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. 单句意思为“当本金和利息整整一年才一起支付时，复利计息和单利计息的数额一样”。

A、 Commercial banks mainly provide short-term loans for the capital market.
B、 The capital market mainly depends on the acquired deposits and the funds from other channels.
C、 Short-term loans are mainly from the acquired deposits and the funds from other channels.
D、 Commercial banks mainly depend on the capital market for deposits and the funds.

【正确答案】 A

【答案解析】[听力原文] Commercial banks are mainly to provide short-term loans for the capital market with the acquired deposits and the funds from other channels. 单句意思为“商业银行主要是利用其所拥有的存款及通过其他渠道获得的资金来源为资本市场提供短期贷款。”

A、 Back-to-back credit.
B、 Reciprocal credit.
C、 Documentary credit.
D、 Stand-by credit.

【正确答案】 D

【答案解析】[听力原文] What is it called if a letter of credit is issued for guarantee of performance rather than payment? 单句问的是“为了确保履行协议而非真正付款的信用证称为什么信用证?”，答案应为stand-by credit，即备用信用证。back-to-back credit背对背信用证。reciprocal credit互惠信用证。documentary credit跟单信用证。

A、 The bank makes profits only from its own money.
B、 The bank makes profits from not only the deposits but also its own money.
C、 The bank has special obligation to make profits.
D、 The bank makes profits by having special obligations to depositors.

【正确答案】 B

【答案解析】[听力原文] The bank has special obligation to depositors, because it makes profits from their money as well as its own. 单句意思为“银行对于存款人担有特殊的义务，因为它的收益部分来自存款，部分来自自身的资本金。”

A、 Depositors are usually full of confidence, but not the creditors.
B、 Banks should maintain the confidence of depositors and creditors.
C、 The nature of banks' business particularly damages their reputation.
D、 Maintaining the confidence of depositors, creditors and the general marketplace particularly damages banks' reputation.

【正确答案】 B

【答案解析】[听力原文] Reputation risk is particularly damaging for banks since the nature of their business requires maintaining the confidence of depositors, creditors and the general marketplace. 单句意思为“由于银行自身的经营特点，银行需要存款人、债权人和一般市场对银行维持信任。如果遭遇信誉风险，银行将受到毁灭性的打击。”