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

单句理解

听力原文：The interest rates on these small deposits are usually floating rates, and they are usually 2%- 5% below the bank's current base rates.

(1)

A．Bank's current base rates are higher than those on small deposits.

B．Bank's current base rates are lower than those on small deposits.

C．Bank's current base rates are not floating rates.

D．Bank's current base rates are usually floating rates.

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.

Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:

A . Overhead rates, labor rates and material costs.

B . Overhead rates, schedule slippages, and rework.

C . Rework, cost-of-living adjustments, and overtime.

D . Material costs, shipping cost, and scope changes.

E . Labor rates, material costs, and cost reporting.

根据文章内容进行判断，正确写“T”错误写“F”。

Beads, stones, seashells, paper, precious metals such as gold and silver, base metals such as iron have all been used as money. Today, money is printed on paper. A lot of countries use their own currency, with names such as dollar, pound, franc, ruble, Yuan and so on. Since 2002, 18 of the EU members have replaced their national currencies by Euro notes and coins.

If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country,you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency.

Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking.

()26. This best title for this passage is “The history of money”

()27. Euro is available in all EU member countries.

()28. Foreign exchange rates have significant impact on the economy of a country.

()29. Currency means money in the form. of paper.

()30. Banks are a good option to get your money exchanged.

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

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

Referential theory holds that a linguistic sign derives its meaning from that which refers to something in the reality.()

144 Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:

A. Overhead rates, labor rates and material costs.

B. Overhead rates, schedule slippages, and rework.

C. Rework, cost-of-living adjustments, and overtime.

D. Material costs, shipping cost, and scope changes.

E. Labor rates, material costs, and cost reporting

单句理解

听力原文：These time deposits earn higher interest rates, which may be fixed or floating, but no withdrawals are allowed until the term has ended.

(1)

A．Sometimes the interest rates on time deposits are not fixed.

B．People can draw these deposits at any time.

C．The interest rates on time deposits are fixed.

D．The interest rates on time deposits are floating.

In the foreign exchange market, which is made up of banks' traders and brokers, prices (61) every minute (62) to supply and demand. For safety's sake, a branch will get a rate from their traders for a big transaction. Therefore the traders give their branches lists of exchange rates (63) they may buy and sell notes and payments in the main currencies.

Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterling to a non-resident, the payment has first to (64) under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases (65) borrowing and lending have to be referred to the Bank of England.

(46)

A．alter

B．vary

C．turn

D．convert