Foreign exchange markets are electronic communication systems that (56) major financial centers throughout the world. Exchange rates are determined (57) supply and demand relationships, relative interest rate levels, relative (58) of inflation, political risk, and economic risk. Alternatives (59) affecting settlement of purchase and sales claims were explored (60) with the instruments available to exporters and importers for financing their international activities.
(41)
A.focus
B.liaison
C.connect
D.associate
第1题:
听力原文:M: The depositors can earn interest on demand deposits, is that right?
W: Yes, but the rate of interest on demand deposits is generally well below the bank's base rate.
Q: What does the woman imply?
(15)
A.The bank's base rate is fixed.
B.The rate on demand deposits is low.
C.The rate on demand deposits is high.
D.The bank's base rate is floating.
第2题:
短文理解
听力原文: The Chinese currency is the Renminbi. China has maintained a unified managed floating exchange rate since January 1994. The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market. The People' s Bank of China announces a reference rate for the Renminbi against the US dollar, the Hong Kong dollar, and the Japanese yen based on the weighted average price of foreign exchange transactions during the previous day's trading. Daily movement of the exchange rate of the Renminbi against the US dollar in inter-bank foreign exchange market is limited to 0.3% on either side of the reference rate as announced by the PBC. The buying and selling rates of the Renminbi against the Hong Kong dollar and the Japanese yen may not deviate more than 1% on either side of the reference rate. In the case of other currencies, the deviation may not exceed 0.5% on either side of their respective rates.
21. When did China begin to maintain a unified managed floating exchange rate?
22.Who determines the exchange rate of the Renminbi?
23.What is the deviation allowed on daily movement of the exchange rate of Renminbi against the US dollar?
(21)
A.1992
B.1993
C.1994
D.1995
第3题:
The first, price theory or microeconomics, explains how the interplay of supply and demand in competitive markets creates a multitude of individual prices, wage rates, profit margins, and rental changes.
译文:第一个领域,价格理论或微观经济学,解释在竞争的市场中供需间的相互作用是怎样导致了大量的个别价格、工资率、利润空间和租金的变化。
本题考核的知识点是:宾语从句、状语。
句子的主干是The first explains how…。主语后的名词短语price theory or microeconomics是其同位语,因此翻译the first时,应增译为“第一个领域”。how引导宾语从句,其主干是the interplay … creates …。介词短语in competitive markets做地点状语,翻译时应前置。
词汇方面:interplay意为“相互影响”;a multitude of意为“许多的,大量的”;individual意为“个别的,单独的, 个人的”;margin意为“(时间、空间、金钱的)余地”,profit margin指“利润空间”。
第4题:
The term foreign exchange is best defined by the following statement: it is ______.
A.the rate of exchange between two currencies
B.synonymous with currency exchange
C.the place in which foreign currencies are exchanged
D.an instrument such as paper currency, note, and check used to make payments between countries
第5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6题:
对话理解
听力原文:M: Can I open a foreign currency account and convert my money into a currency which offers the highest interest?
W: Yes, we can arrange that for you, but foreign currency exchange rates are subject to fluctuation and sometimes you will suffer losses.
Q: What does the woman mean?
(11)
A.Interest rate of a foreign currency is much higher.
B.There are risks of losing money sometimes to open a foreign currency account.
C.Foreign currencies exchange rates are relatively stable.
D.It is advisable to open a foreign currency account.
第7题:
In London, a premium on a foreign exchange rate means ______.
A.the foreign currency is dearer
B.the foreign currency is cheaper
C.the foreign currency is less valuable
D.it has no relevance at all
第8题:
(b) Discuss the relative costs to the preparer and benefits to the users of financial statements of increased
disclosure of information in financial statements. (14 marks)
Quality of discussion and reasoning. (2 marks)
第9题:
A、What’s the exchange rate today
B、What kind of currency do you want to exchange for
C、What’s the amount you’d like to exchange
第10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.