Banks face losses from three sources : their own position ; dealing positions taken by employees, and defaults by counter parties to forward exchange contracts and covering transactions.
A．Right
B．Wrong
C．Doesn't say
第1题：
Banks are usually prepared to make long-term loans to investors.
A．Right
B．Wrong
C．Doesn't say
第2题：
In order to (56) foreign exchange administration, maintain strong balance of payments position, China (57) the Regulations on Foreign Exchange Administration on January 29,1996. The State Administration of Foreign Exchange is the agency responsible for foreign exchange administration. The SAFE has a similar branch structure with that of the People's Bank of China, China's central bank. The Bank of China (58) the principal foreign exchange bank. Other banks and financial institutions, (59) affiliates of non-resident banks, (60) designed transactions with the approval of the SAFE.
(41)
A．develop
B．improve
C．change
D．conduct
第3题：
Which of the following is TRUE about the family Katy is living with?
A. They are friendly. B. There are three people in their house.
C. They are strange. D. They have never taken Katy to the parties.
第4题：
Banks in international lending face the risks common to all banks: liquidity risk, interest rate risk, credit (asset) risk, and contingent liabilities risk.
A．Right
B．Wrong
C．Doesn't say
第5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6题：
The banks will be punished by the Reserve Bank if they refuse to cooperate.
A．Right
B．Wrong
C．Doesn't say
第7题：
A sound bank will not suffer from the bankruptcy of other unrelated banks.
A．Right
B．Wrong
C．Doesn't say
第8题：
A derivative is a security which "derives" its value from another underlying (61) instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as (62) contracts and various indexes. Derivatives give the buyer greater leverage for a (63) cost than purchasing the actual underlying instrument to achieve the same position. For this reason, when used properly, they can serve to "hedge" a (64) of securities against losses. However, because derivatives have a date of (65) , the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.
(46)
A．bank
B．financial
C．mathematic
D．securities
第9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10题：
If employees of a bank gamble in foreign exchange dealings with the bank's money, the bank will suffer heavy losses of foreign currencies.
A．Right
B．Wrong
C．Doesn't say