单选题 Directions: Read the following passages and determine whether the sentences are " Right" or "Wrong". If there is not enough information to answer "Right" or "Wrong", choose "Doesn't say". Then mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.{{B}}Passage One{{/B}} Besides a current or spot price for currencies (or monies) and spot markets, there are futures markets, where futures ( or forward) prices are determined by buying and selling futures contracts. Also, a large volume of forward contracts is made directly between participants in the foreign exchange markets. Spot transactions require the exchange of deposits by two days after the date of the contract. Forward transactions require an exchange of deposits at specified longer maturities on the forward contract. There are standardized maturities of three months, six months, and one year, and on major currencies, longer contracts are sometimes available. Banks, acting as financial intermediaries, make available forward contracts tailored exactly to their customers needs, such as 46-day maturity. If the spot price is below the forward price, the currency is said to be at a forward premium. If the spot price is above the forward price, the currency is said to be at a forward discount. Both spot and forward markets for currencies are subject to control and intervention by governments. The governments may step in to support their domestic currency by buying it. They may impose exchange controls on the repatriation of profits or interest payments. The risk of loss in forward contracts because of these latter controls can be called sovereign risk. Thus spot and forward markets can suffer from imperfections. The evidence, however, generally tends to support the hypothesis that these markets are approximately efficient, especially the offshore foreign exchange markets that are free of government controls.

单选题A credit card is a plastic card (or its equivalent) to be used upon presentation by the cardholder to obtain money, goods, or services, possibly under a line of credit established by the card issuer. The cardholder is billed for any outstanding balance. Credit card customers are given a credit limit on the credit card account and can buy goods and services up to this amount. Normally, banks will set different credit lines to the different groups of cardholders. Every time cardholder uses a credit card for purchasing, he/she must sign a sales slip in the presence of the seller, and the signature is then compared to the signature on the card. Copies of the sales slips have the details of the card and they also show the details and amount of the sale. Each month the cardholder receives a statement from the bank which details all the trans- actions in the month, together with the total amount outstanding and any minimum amount that needs to be paid. When the full balance is not settled each month, the cardholder is charged a compound interest ( say 0. 05% ) on the outstanding balance , and this is supposed to provide the bank with a main source of income ( although in China , this revenue is still low because people are reluctant to run into debt) . Other two major sources of credit card services are the annual fee from the cardholders and the percentage of the sales revenue as the commission paid by the seller.

单选题A futures trader must deposit an additional amount of money into a margin account at the clearinghouse if the margin account ending balance is below the: ()

单选题The repayment of the proposed loan ______.

单选题A.Theywillwritetotheirhome.B.Theywillwritetotheirheadquarter.C.Theywillaskfortheirrights.D.Theywillwaitforanofficer.

单选题Legal sanctions here refer to legal approval.

单选题{{B}}Passage Three{{/B}}

单选题"You are allowed to write up to ten checks without a service charge.""That's all? You mean ten checks is the ______?"

单选题A check payable to Johnson is endorsed by him "pay Parry Smith only" What type of endorsement is this? A. Blank B. General C. Restrictive D. Special

单选题All of the following statements are time except ______.

单选题[此试题无题干]

单选题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.

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单选题A syndicated loan is a large credit negotiated between ______.

单选题{{B}}Passage Two{{/B}}

单选题A.Along-terminterestrate.B.Along-termloan.C.Ashort-terminterestrate.D.Ashort-termloan.

单选题If the balance of the credit card is not fully settled, the cardholder will have to pay a compound interest on the outstanding amount.

单选题______ is an order to pay a specified amount of money to the bearer on a given date. A. A client's acceptance B. A banker's acceptance C. An importer's acceptance D. An exporter's acceptance

单选题Suppose the economy is running at the level of potential GDP, an increase in government spending in the long run will ___ the price level and ___ the output level,

单选题The term Eurodollar is commonly used to refer to U.S. dollar ______ held by foreign national.