听力原文：M: I want to apply for a credit card. What are the common credit cards?W: Master Card, Visa, Discover, and American Express. Apply for the ones without annual fees. Some credit cards even pay you back about 1% - 2% of what you spend.Q: Which type of

听力原文：The holder of credit card can buy goods against the card at any shop that has joined the scheme without cash.

(9)

A．The credit card can be used at any shop without paying cash.

B．The credit card can he used at any appointed shop together with cash.

C．The credit card can be used at any appointed shop without paying cash.

D．The credit card can be used to withdraw any amount of cash.

听力原文：M: Can you give an example of types of risks Banks face?

W: Yes. The major type of risks is called credit risk. It means a counterpart fails to perform. according to a contractual arrangement.

Q: What are they talking about?

(13)

A．A contractual arrangement.

B．A counterpart.

C．Many types of risks.

D．Credit risk.

SECTION A MINI-LECTURE

Directions: In this section you sill hear a mini-lecture. You will hear the lecture ONCE ONLY. While listening, take notes on the important points. Your notes will not be marked, but you will need them to complete a gap-filling task after the mini-lecture. When the lecture is over, you will be given two minutes to check your notes, and another ten minutes to complete the gap-filling task on ANSWER SHEET ONE. Use the blank sheet for note-taking.

听力原文： Good morning, everyone. First about your second assignment. I'd like to remind you that your second assignment should be in by next Fri day. You can either put it in my pigeon hole, or leave it with the Department's secretary. Now, let's get down to the lecture.

Today, the lecture is on credit, er, or to be more specific, on credit cards. I'm sure you must have heard of some credit cards, like the VI SA card, which is an internationally used card, or the Great Wall card issued by the Bank of China, In order to give a better understanding, we'll discuss it in some detail.

Many businesses, such as department stores, restaurants, hotels and airline companies, use a credit system for selling their products and services. In a credit system, the seller agrees to sell something to the buyer without immediately receiving cash. He receives the goods or ser vices immediately and promises to pay for them later. This buy-now-pay later credit system is quite old.

There are two types of credit cards. One type is issued directly by a store to a customer. Many large department stores issue credit cards to their customers. The store credit card can be used to make purchases only at a particular store. For example, if you have a credit card from Store A, then you can only buy things in that store. Other stores would not accept it. The other kind of credit card is issued by a credit company. Credit cards from credit companies can be used to buy things almost anywhere. If you have a major credit card, you can buy airplane tickets, stay at hotels and eat at restaurant with it. Most large credit companies are connected to large banks. So if you want a credit card from a credit company, you generally have to make an application at a bank. After an applicant receives a credit card, he or she can make purchases using the

card.

The credit company sends the customer a statement of purchases at the end of each month. Generally the customer has to pay 25--50% of their credit hill every month. The customer pays directly to the credit company and the credit company pays to the store or hotel or restaurant.

There are some advantages and some disadvantages to using credit cards. The biggest advantage for the consumer is expressed by the phrase "buy now, pay later". This means that the consumer can purchase what he wants when he wants it. There is no need to save up money in advance. Another advantage of having a credit card is that it protects the owner, ff a credit card is lost or stolen, the owner only has to call the credit company and the credit company will stop the credit card number. No one else can use it. So the owner doesn't have to worry about losing the card. Another advantage of the credit card system is that the consumer receives a record of his or her purchases. Every month the credit customer receives a bill. The bill has a list of all purchases from that month. This makes it easier to remember when and where purchases are made. And another advantage is that credit cards can be used when something unexpected happens. Many kinds of professional people—plumbers, taxidrivers, doctors and dentists—will accept credit cards in an emergency. This is very important if you don't have any cash with you.

However, having said all that, using credit cards has one major disadvantage. That is, consumers tend to overspend their money. They spend more than they make. If a consumer buys a lot of th

What do large banks allow individual banks to do?

A．To sell credit cards to consumers.

B．To join their credit card network.

C．To provide other banking services.

D．To specialize in federal funds.

听力原文：M: Some credit cards are called gold cards because they offer higher credit limits and lower interest rates.

W: But the card holders should pay a significant annual fee, perhaps as high as ￡ 50.

Q: What is the disadvantage for gold cards holders?

(16)

A．High credit limits

B．High annual fee.

C．Low interest rates.

D．Monthly statements.

听力原文：If you lose this credit card, you have to notify us as soon as possible, so that we can put a stop on your lost card.

(3)

A．We are the credit card holders.

B．We are the bank who can encash the card.

C．We are the credit card company.

D．We stopped your card losing.

听力原文：M: I've lost my credit card issued by your bank. What should I do, please?

W: I am sorry for that. But you have to go to that counter over there for the card business.

Q: Why does the customer come to the bank?

(15)

A．He got a credit card of his friend and come to ask how to use it.

B．He got a card and did not know whose card it is.

C．He has lost his credit card and come to ask what to do.

D．He has found a credit card and come to ask what to do.

听力原文：What is it called if a letter of credit is issued for guarantee of performance rather than payment?

(3)

A．Back-to-back credit.

B．Reciprocal credit.

C．Documentary credit.

D．Stand-by credit.

短文理解

听力原文： In the United States, even if you decide that you do not want to borrow in order to go on vacation, it is still a good idea for you to have several major credit cards. These provide positive identification when renting an automobile and can be used for the deposit. The credit card receipts will serve as an accurate record of all hotel, plane, train, and restaurant expenses. The use of credit cards avoids the necessity of carrying large amount of cash, purchasing large amounts of traveler's cheeks and keeping track of them, or attempting to use personal checks in places other than your own locality.

Many major credit cards provide an instant cash service in case you run out of money. American Express, for example, has set up machines in major airports in which you can purchase traveler's checks using your American Express card.

21. The credit card receipts will serve as accurate record for all but which of the following choices?

22.Which of the following is not true about the use of credit card?

23.Concerning the advantages of credit cards, which of the following is true?

24.According to the passage, which card has set up machines in major airports?

(21)

A．hotel expenses

B．stock exchange

C．plane expenses

D．restaurant expenses

听力原文：W: How do you pay for your purchases with a credit card?

M: Usually I sign a sales slip in the presence of the seller, and the signature is then compared to the signature on the card.

Q: Where should the man sign when he pays for his goods with a credit card?

(20)

A．On his card.

B．On the goods.

C．On a sales slip.

D．On the invoice.