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、 Bank's financial condition is the cause of interest rate risk.
B、 Bank's financial condition has impact on interest rate risk.
C、 Interest rate risk occurs when interest rate moves against the bank's financial condition.
D、 Interest rate risk occurs when interest rate favours the bank's financial condition.

【正确答案】 C

【答案解析】[听力原文] Interest rate risk refers to the exposure of a bank's financial condition to adverse movements in interest rates. 单句意思为“利率风险是指银行在不利的利率变动中暴露出的财务风险”。A项因果关系颠倒，B项没有提及，D项“favour”一词与原句“adverse”相矛盾。

A、 Forward transactions is not of typical foreign exchange transactions.
B、 Typical foreign exchange transactions occur in the spot or cash market.
C、 Forward transactions don't occur in the spot or cash market.
D、 Typical foreign exchange transactions occur only in the spot market.

【正确答案】 B

【答案解析】[听力原文] Typical foreign exchange transactions involve trades of one currency for another in the spot or cash market, or forward transactions. 单句意思为“典型的外汇交易包括在即期或现货市场以一国货币换取另一国货币，或远期交易”。

A、 The company changed idea.
B、 The company preferred an L/Ｃ to collection.
C、 The company did not want an L/Ｃ.
D、 The company applied for documentary collection.

【正确答案】 B

【答案解析】[听力原文] ABC Company applied for a sight letter of credit for settlement instead of documentary collection. 单句意思为“ABC银行申请了即期信用证而非跟单托收结算方式。”

A、 Banks often change their base rate.
B、 Banks seldom change their base rate.
C、 Banks never change their base rate.
D、 Banks change their base rate at regular intervals.

【正确答案】 B

【答案解析】[听力原文] Banks change their base rates fairly infrequently. 单句意思为“银行很少变动其基准利率”。