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.

A、 Sometimes the interest rates on time deposits are not fixed.
B、 People can draw these deposits at any time.
C、 The interest rates on time deposits are fixed.
D、 The interest rates on time deposits are floating.

【正确答案】 A

【答案解析】[听力原文] These time deposits earn higher interest rates, which may be fixed or floating, but no withdrawals are allowed until the term has ended. 单句意思为“定期存款会获得一个固定的或浮动的更高利率，但如果不到期则不允许取款”。只有A项意思正确。

A、 The objective of financial reporting is to provide information useful for making investment and lending decisions.
B、 The financial reporting is useless.
C、 The financial reporting can't help people to decide whether they invest on something or not.
D、 The financial reporting has no objectives.

【正确答案】 A

【答案解析】[听力原文] The financial reporting is used to provide information useful for making investment and lending decision. 单句的意思为“财务报告被用来为投资及借贷决策提供有用信息。”

A、 Some borrowers are engaged in undesirable activities which are considered immoral.
B、 Some lenders are engaged in undesirable activities which are considered immoral.
C、 Most borrowers don't engage in activities that are undesirable or immoral.
D、 Most lenders don't engage in activities that are undesirable or immoral.

【正确答案】 A

【答案解析】[听力原文] From the lender's viewpoint, moral hazard is the risk in financial markets that some borrowers may engage in activities that are undesirable or immoral. 单句意思为“贷方认为一些借方可能会从事不合需要或不道德的活动而造成金融市场的道德风险”。B、D项错误，C项没有明确指出。

A、Ａn irrevocable L/C can not be committed to amendment.
B、Ａn irrevocable L/C can not be cancelled without permission.
C、Ａn irrevocable L/C can not be cancelled or amended.
D、 Neither cancellation nor amendment without permission can be made to the irrevocable L/Ｃ.

【正确答案】 D

【答案解析】[听力原文] If a letter of credit is issued irrevocably, it can't be canceled nor amended without permission. 单句意思为“如果信用证是不可撤销的，那就表示未经允许信用证是不可以取消或是修改的。”

A、 The paying bank sends the check to the remitting bank for repayment.
B、 The remitting bank sends the check to the paying bank for repayment.
C、 The collecting bank sends the check to the remitting bank for repayment.
D、 The remitting bank sends the check to the collecting bank for repayment.

【正确答案】 A

【答案解析】[听力原文] The encashing bank forwards the cheque to the drawer's bank for payment and reimbursement. 单句意思为“兑现银行开出支票给出票人银行以获得偿款。”兑现银行指的就是付款银行，而出票银行指的是托收银行。