单选题{{B}}Passage Two{{/B}} The handy ATM/debit card you've packed for your big overseas vacation may be packed with fees. Many banks charge fees whenever a customer uses an ATM/debit card outside the United States. Debit cards, such as the Visa Check Card and MasterCard Money, are linked to a cardholder's checking account and can be used for purchases and to withdraw money from overseas ATMs. Foreign-fee double whammy. Most banks zap customers with USD1.50 to USD5 fees for using overseas ATMs. And now some major banks are charging customers 2-percent fees for each debit card purchase made while traveling abroad. These new fees come on top of 1 percent fees long charged by Visa and MasterCard for transactions involving foreign currency. "If your bank is adding 2 percent it's simply because they see it as a way of getting extra money out of you," says Ed Perkins, a nationally syndicated travel columnist and consumer advocate. "By the time your bank gets the charge it's already in dollars. " When you make a purchase with a credit card or debit card, you pay an overseas merchant in local currency. But the charge that shows up on your credit card bill or bank statement is in US dollars.

单选题The primary justification tot banking supervision is to limit the risk of loss to depositors, and by so doing to maintain public confidence in banks. And while supervision naturally focuses on the individual bank, supervisors must also be alert to the possibility that problems in one institution may have wider, systemic repercussions on others, or on the integrity of the payments system.

单选题An old equipment has a book value of $ 350,000, deprecation expense ＄100,000, and current disposal value of ＄150,000. Which figure is the relevant cost to deposal the equipment? (a)＄350,000. (b)＄100,000. (c)＄150,000. (d)＄250,000.

单选题The spot rate of United States dollars is 1.59～1.60; the three month premium is 0.50～0.45 cents. What is the rate at which a UK bank would buy dollars under a three -month fixed forward contract? A. 1. 5945 B. 1. 5955 C. 1. 6045 D. 1. 6050

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单选题Interest rates are high because money is ______.

单选题As for differences between a cheque and a promissory note, which of the following statements is not true?

单选题International trade always creates the need for forward operations, if the exchange risk is to be hedged. Let us consider the case of a Swiss importer who has bought goods in Germany, in- voiced in Euro, payable in 90 days. To eliminate the risk of a significant rise of the Euro in the meantime and also to have the basis for an exact price calculation, he buys the Euro 90 days forward. In the converse case a Swiss exporter knows that in three months he will receive U. S. dollars in payment for this export. Here again, in order to eliminate the exchange risk, he hedges by selling the U. S. Dollar three months forward. Not to do these, forward transactions would be equivalent to speculating, on a fall of the Euro in the first case, or a rise of the U. S. dollar in the second case.

单选题Both money market and capital market transactions occur mostly in organized exchanges.

单选题Income elasticity of demand for a particular product: ()

单选题The introduction of ATMs and the Internet banking based on the IT will take people out of the bank, and reduce the paperwork.

单选题The property will be returned to the owner at the end of the lease term.

单选题When fixed assets are bought under a hire purchase agreement, the Him Purchase Interest Suspense is recorded in ______. (a)fixed assets (b)shareholder's equity (c)intangible assets (d)liabilities

单选题Suppose the demand for tea is very price-elastic. To increase revenue, the tea supplier should ___ the price level.

单选题An account that two or more people hold is a ______. A. joint account B. term -deposit account C. savings account

单选题Customers trading abroad in foreign currencies may protect against the exchange risk by arranging ______.

单选题The IMF warned recently that continuing strong domestic demand could ______ a new jump in the US current account balance of payments deficit.

单选题In a detailed capital and operating plan, the bank needs to show what are tire expected incomes, dividends, assets, liabilities and capital over the next year or two.

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