听力原文：M: It is reported that in some countries banks are not allowed to make investments in equity securities.
W: Generally commercial banks may invest only in those securities that are rated as "investment grade", or have bond ratings in the top four categories.
Q: Where are banks only allowed to make investments?
(15)
A．In equity securities.
B．In personal funds.
C．In securities rated as investment grade.
D．In property markets.
第1题：
短文理解
听力原文： Dealers in government and private securities need short-term financing to purchase new securities and carry their existing portfolios of securities until those securities are sold to customers or reach maturity. Such loans are readily granted by many of the largest banks because of their high quality--often backed by pledging the dealer's holdings of government securities as collateral. Moreover, many loans to securities dealers are so short-overnight out to a few days that the bank can quickly recover its funds or make a new loan at a higher interest rate if the credit markets have tightened up.
21. Who need short-term financing according to the passage?
22.Why such loans are so high quality?
23.How long will the dealers keep such loans?
(21)
A．Dealers in foreign exchange.
B．Dealers in government bonds.
C．Dealers in IPO.
D．Dealers in government & private securities.
第2题：
CDs may be exchanged for money before its maturity date either in money markets or at commercial banks.
A．Right
B．Wrong
C．Doesn't say
第3题：
A、cost method
B、market method
C、income method
D、equity method
第4题：
听力原文：Banks make money in the foreign exchange dealings not on profit margin but on volume.
(8)
A．Banks make money in foreign exchange business because of profit margin.
B．Banks make money from the price spread in the foreign exchange market.
C．Banks make money in foreign exchange business on profit as well as on volume.
D．Banks make money in foreign exchange business because of the great volume.
第5题：
Banks are subject to various forms of legal risk, including inadequate or incorrect (56) advice or documentation that may result in unexpected decline in the value of (57) or unexpected increase in the value of liabilities. In addition, existing laws may (58) resolve legal issues involving a bank; a court case involving a (59) bank may have wider implications for banking business and involve costs to it and many or all other banks; and, laws (60) banks or other commercial enterprises may change. Banks are particularly susceptible to legal risks when entering new types of transactions and when the legal right of a counterpart to enter into a transaction is not established.
(41)
A．bank
B．financial
C．legal
D．governmental
第6题：
听力原文：Commercial banks are mainly to provide short-term loans for the capital market with the acquired deposits and the funds from other channels.
(2)
A．Commercial banks mainly provide short-term loans for the capital market.
B．The capital market mainly depends on the acquired deposits and the funds from other channels.
C．Short-term loans are mainly from the acquired deposits and the funds from other channels.
D．Commercial banks mainly depend on the capital market for deposits and the funds.
第7题：
听力原文：Although banks are involved in documentary collection, they offer no bank guarantee to either the buyer or the seller.
(10)
A．Banks may guarantee the buyer or the seller in documentary collection.
B．Banks act as agents without responsibility of guarantee on either side.
C．Banks offer bank guarantee to both the buyer and the seller in documentary collection.
D．Banks are only responsible for the buyer in documentary collection.
第8题：
听力原文：Investors can cope with some investment problems by confining their investments to those that involve only modest risk.
(2)
A．Investors can cope with any problems they may meet.
B．Investors can't cope with problems when they meet with difficulty.
C．Investors can cope with some investment problems by confining their investments to those that involve only modest risk.
D．Investors can cope with easy problems.
第9题：
Why should banks need to establish formal operating procedures?
A．The supervisory authorities require them to do so.
B．The shareholders expect a reasonable return on their investment.
C．The banks have to keep safe large volume of monetary items raised from all sources.
D．The banks engage in a large volume and variety of transactions.
第10题：
听力原文：The foreign banks should have set up a representative office in China two years before they can apply for a branch.
(2)
A．The foreign banks should have set up a representative office.
B．The foreign banks can't apply for a branch.
C．The foreign banks can't expand business in China.
D．The foreign banks are forbidden to set up a representative office.