单选题A usance bill is a bill ______.

单选题If near money is to be used directly to purchase goods or services,it must be________.

单选题Under UCP a credit is transferable if it is ______.

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.

单选题Investment banks are ______. A. banks that specialize in the management of wealthy people's investments B. financial institutions that make loans to corporations C. dealers in primary markets D. none of the above

单选题As far as the beneficiary is concerned the letter of credit which is available by _________ is the least favourable.

单选题______ relates to the liability of the issuing bank, whereas ______ relates to the responsibility of the correspondent bank or other banks. A. "Revocable" or "inrevocable", "unconfirmed" or "confirmed" B. "Cancelled" or "cancellate", "confirmative" or "confirmed" C. "Revocable" or "inrevocable", "confirmative" or "confirmed" D. "Cancelled" or "incancelled", "unconfirmed" or "confirmative/

单选题Which of the following is usually least important as a measure of short - term liquidity? ______. A. Quick ratio B. Current ratio C. Debt ratio D. Cash flows from operating activities

单选题The development of investment banking has a lot to do with the capital markets.

单选题Under D/P, all the documents, and usually title to the goods, are released to the buyer upon ______. A. his acceptance of the draft for payment at a specified later date B. his payment of the amount specified under reserve C. his partial payment of the bill amount D. his payment of the amount specified

单选题The international payments system of the buyer's country is not being hampered by exchange controls. The word hamper means ______. A. hinder B. put off C. postpone D. hold up

单选题 Directions: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. You should make the best choice and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.{{B}}Section One{{/B}} Passage 1 What determines the rate of exchange between currencies will be examined later in this book let, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence in part the term "exchange rate", which was maintained even though other methods of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a banker's draft drawn in dollars. The bank is able to do this because it will have an account with another bank ( called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier. Since there is a danger that the draft may be lost or fall into the wrong hands, the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the US to pay on behalf of its customer the required sum to the named recipient from the British bank's dollar account. This mail transfer system is very flexible since the instructions for payment can he varied or elaborated to suit practically every kind of requirement.

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

单选题A cheque is expressed to be payable to ______.

单选题______ may make wage demands based on the accounting information that shows their employer's reported income. A. Creditors B. Control expenses C. Labor union D. B ＆ C above

单选题Mr. Harris's application for a loan was approved because he is ______. A. creditworthy B. on time C. capacity

单选题 {{B}} We meets the challenge of globalization{{/B}} Ten years ago, US bankers and brokers talked about globalization. Capital barriers would fall, there would be seamless 24 - hour trading across time zones and full - service institutions would serve farmers in Iowa to car workers in Osaka. As the US capital markets enter the 1990s, the reality is that globalization is still in its early stages and next decade as it was in the last. There has, however, been a qualitative change in the rhetoric. Then, globalization was seen in the US as an opportunity. Now the US is far less confident of its ability to dominate the global market and is showing signs of falling behind its competitors. Globalization is now an urgent challenge. Mr. Curtis Welling, managing director in charge of equities at First Boston, says, "The US has had a very geocentric view. Our hegemony over world capital flows was almost regarded as a birthright. As far as important capital flows are concerned, there was a real danger of the world passing us by. The US was in danger of becoming irrelevant." While the US was once slow to realise its competitive position in world financial markets could be eroded. Mr. Welling believes that there is a growing awareness of the need to act quickly to position the nation's markets and financial institutions for the future. This concern has been crystallised in regulatory initiatives, legislative proposals and product innovations. Progressive attitudes at both the US Federal Reserve and the Securities and Ex- change Commission (SEC) are central to these efforts. The SEC, which has just formed an Office of International Affairs, has shifted into top gear to harmonise regulations with overseas counterparts to promote the free and efficient flow of capital. The nuts and bolts of clearance and settlement, for example, are a priorty. Mr. Welling of First Boston, puts the challenge in graphic terms: We have gone about as far as we can go with broadbrush conceptual descriptions of the global market. We can see the house, it looks great but nobody can live in it until the plumbing and electricity is in place. In spite of all the talk of the global markets, it is startling that US pension funds have committed less than 3% of their 2 600 billion in assets to non - US securities. One key reason for this is that investors and traders have to negotiate a minefield of different regulations when operating in overseas markets.

单选题What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements? （　　）