填空题Reputation risk is particularly damaging for banks since the nature of their business requires maintaining the confidence of depositors, creditors, and the general marketplace.

填空题 A bank manager speaks My name is Jane Carson and I'm the manager of a savings bank in Portland, Oregon. My bank is open every day from 8: 30 in the morning until 4: O0 in the afternoon. On Fridays the bank remains open until 6:30 in the evening. Friday is our busiest day. Many people get their paychecks on Fridays and they come into deposit them. I find that on Fridays I have to keep six windows open all day long. My bank tries very hard to reduce the amount of time that customers have to waif for service. We have many signs to remind people that they need their passbooks for all transactions and that they must fill out their deposit of withdrawal slips completely. If our depositors cooperate with us we can accommodate them with as few delays as possible. Of course, people do forget. The tellers inform me that many customers still forget to endorse their checks or try to open or close joint accounts with the signature of only one of the parties. But I hope that my program of information for customers will reduce such delays. Banking has changed a lot in recent years. Computers now do much of the work that the tellers used to do. As computers improve, they are able to accomplish more difficult tasks and they help us serve our customers better. Another important change in banking, especially for savings banks, are the many different term deposit accounts that are now available to our customers. Since these certificates of deposit offer very high interest rates they help attract depositors to our bank. I make sure that my staff always has the latest information about these accounts so that they can advise our depositors correctly. My bank is not a very large bank. The total of our current assets and fixed assets comes to 15 550 000 dollars. I'm proud of our balance sheet. Although some banks across the country are having difficulties, my bank has more assets than liabilities. We are solvent and growing. The number of customers we serve has increased this year and I expect that it will continue to grow in the future. Comprehension check State whether each sentence is true or false based on the reading.

填空题Name the types of actionable misrepresentation.

填空题 Checking accounts In the United States, checking accounts are available only at commercial banks. Commercial banks specialize in demand deposits, such as checking accounts. A checking account is money that a customer deposits in order to use that money to write checks. Saving accounts pay the depositor interest but checking accounts do not. In fact, checking account customers pay the bank a service charge for the bookkeeping involved in administering the account. The method of recordkeeping is also different in savings accounts and checking accounts. A depositor must present his passbook for any savings account transaction. The bank records these transactions in the depositor's passbook. Checking account customers, however, do not have passbooks. They themselves record the amounts of the checks that they write and they receive a monthly statement from the bank. This statement lists all the checks that the bank paid and all deposits that the account holder made during the month. The bank usually sends the statements with the customer's cancelled checks. The customer then compares the balance on the statement with the balance in his own records by subtracting the total of his outstanding checks. There are other fees that the bank may collect from checking account holders. For instance, banks charge a fee for stopping payment to a check. When a depositor decides that be doesn't want the bank to pay a payee, but he bas already written a check to that person, he may give the bank a stop payment order. The bank will then refuse to pay this check, and charges the depositor a fee. 'Banks also charge a depositor a fee when he is overdrawn. A depositor is overdrawn when he writes a check for more money than the balance in his account: The bank marks the check "insufficient funds", returns it, and charges a penalty for it. In everyday language we say that a check returned for insufficient funds has "bounced". Recent changes in banking regulations have allowed savings banks to offer negotiable order of withdrawal accounts. These accounts, called N. O. W. accounts, are very similar to checking accounts but they pay interest like savings accounts. The depositor can write withdrawal orders against the balance in the account. These withdrawal orders look like checks, and depositors receive a monthly statement summarizing deposits and withdrawals. There is often no service charge if depositors keep a minimum balance in their accounts. Commercial banks also offer N. O. W. accounts. As far as checking accounts go, the difference between savings banks and commercial banks is growing smaller in the U. S. State whether each statement is true or false based on the reading.

填空题List 2 factors that affect the validity of an otherwise effective contract.

填空题As per the terms and conditions of the Contract No. 123, the payment is to be made by a documentary credit. Now, at the request of the importer, Mr. Houston & His Son, COTOBAML M. A. Hereby issues a documentary credit No. 56789 in favor of China National Chemicals Imp. ＆ Exp. Corp, 56 Dongnanmen street, Beijing, to the extent of USD 56,700.00 on May 23, 2008. On June 1,2008 the exporter shipped the relative goods and drew a draft on the issuing bank, asking him to pay the credit amount at 60 days after sight of the draft, the draft was authorized to be signed by the corporate staff, Grace Peter. Bill of Exchange NO. 123 Dated (1) . Exchange for (2) . At (3) days after sight of this FIRST of Exchange (Second of exchange being unpaid) Pay to the order of (4) . The sum of (5) . Drawn under L/C No. (6) . dated (7) . Issued by (8) . Value received and charged the same amount to TO (9) . 　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 (10)

填空题What type of indorsement is the following? "Pay John on his delivery of documents of title to Hong Kong Bank. Signed: Wang"

填空题Now listen to a short conversation and a passage on the tape. This will be played once on the recorder. You may make notes while you are listening but you should not answer any questions until the reading is over. {{B}}Qustion 1{{/B}}

填空题Banking, by its nature, entails taking a wide array of risks.

填空题用下面的词汇填空 risks, savings, financial, funds, deposits, heart, complex, subject, appear,repay, as, lose, reserve, returns, balance Banks are crucial to a country's economy; they serve as the center point of the exchange of money throughout the economy. They gather{{U}} (1) {{/U}}from small and large depositors, make loans, run the payments system, and coordinate{{U}} (2) {{/U}}transactions. In developing countries, they usually are the {{U}} (3) {{/U}}of the financial market and in industrial countries with{{U}} (4) {{/U}}financial markets they still have a role as primary providers of financial services. It is difficult for the layman to know if a bank is financially solid. Banks may{{U}} (5) {{/U}}more solid than they really are. A bank that has loaned money to a borrower who is unable to{{U}} (6) {{/U}}may keep the bad loan on its{{U}} (7) {{/U}}sheet us long as possible, though the loan might never be paid back. Moreover, bank{{U}} (8) {{/U}}are also somewhat precarious. A bank normally cannot refuse to accept deposits, but if, for whatever reason, its depositors{{U}} (9) {{/U}}confidence in the bank's soundness, they may withdraw their{{U}} (10) {{/U}}not only from that bank but also from other perfectly sound banks. In seeking profits, banks lend on the basis of their customers' deposits, but not all deposits can be lent out. A certain share must be held in{{U}} (11) {{/U}}. Competing institutions providing financial services are in a different situation since they are usually not{{U}} (12) {{/U}}to reserve and prudential requirements. Firms selling equities do not promise fixed{{U}} (13) {{/U}}and neither equities nor bonds are payable on demand,{{U}} (14) {{/U}}are most bank deposits. Because of the pivotal role of banks and their vulnerability to unusual{{U}} (15) {{/U}}, there seem to be good reasons to protect deposits through an appropriate insurance scheme and, in this way, to protect both the bank and the banking system.

填空题The limit on the deposit insurance coverage also serves to maximize moral hazard on the part of the depositors.

填空题Commercial banks in China today have broadened their scope of business to include deposit taking, international settlement, financial consulting, and private banking.

填空题From the bank supervisor's perspective, the most attractive approach is to try to encourage the assisted merger of the failing bank into a sound institution.

填空题Who are the holders of bills of exchange, list two of them.

填空题 Required, honour, dispatched, resulted, received, irrevocable, release, declared, prepared, handed Goods should not be {{U}}(21) {{/U}} direct to address of a bank or consigned to a bank without prior agreement on the part of that bank. In the event of goods being dispatched direct to the address of a bank or consigned to a bank for delivery to a drawee against payment or acceptance or upon other terms without prior agreement on the part of that bank, the bank has no obligation to take delivery of the goods, which remain at the risk and responsibility of the party dispatching the goods. In practice, great careis {{U}}(22) {{/U}} when goods ale consigned to the bank as large losses have {{U}}(23) {{/U}} from incorrect procedures being followed. Quite often, goods consigned to the bank will arrive by air before the supporting documents have been {{U}}(24) {{/U}}. At this stage we will have little indication of the value of the collection other than the {{U}}(25) {{/U}} value of the goods for customs purposes. It is therefore important that a letter of {{U}}(26) {{/U}} is only {{U}}(27) {{/U}} to the drawee who is undoubted and is {{U}}(28) {{/U}} to sign an {{U}}(29) {{/U}} undertaking to {{U}}(30) {{/U}} the documents upon presentation regardless of the terms of those documents.

填空题What is The Purpose of Holding Foreign Reserve?

填空题What does illegal contract mean?

填空题 trade, above, expiration, respond, strike, profitable, seller, how, most, financial In general, an option gives to the buyer the right, but not the obligation, to buy or sell a good, whereas the option seller must {{U}}(21) {{/U}} accordingly. Many different types of option contracts exist in the {{U}}(22) {{/U}} world. The two major types of contracts {{U}}(23) {{/U}} on organized options exchanges are calls and puts. A call gives to the buyer of the option contract the right to buy a specified number of units of an underlying asset, at a specified price called the exercise or {{U}}(24) {{/U}} price, on or before a specified date called the expiration date or strike date. A put gives its the buyer the right to sell a specified number of units of an underlying asset at a specified price on or before a specified date. In all cases the {{U}}(25) {{/U}} of the option contract, the writer, is subordinate to the decision of the buyer, and the buyer exercises the option only if it is {{U}}(26) {{/U}} to him or her. The buyer of a call benefits if the price of the asset is {{U}}(27) {{/U}} the exercise price at expiration. The buyer of a put benefits if the asset price is below the exercise price at expiration. The complete definition of an option must clearly specify {{U}}(28) {{/U}} the option can be exercised. A European - type option can only be exercised on a specified date, usually the {{U}}(29) {{/U}} date. An American -type option can only be exercised by the buyer at any time until the expiration date. American options are used on {{U}}(30) {{/U}} of the organized options exchanges in the world. Both types of options can be freely traded at any time until expiration.

填空题The banking organizations are not so highly geared as the industrial companies.

填空题A bill is made payable to "'"order", what kind of bill of exchange is it?