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.
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
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
A、No, you can’t. Bank of China is not responsible for exchanging foreign currency.
B、Yes, you can. Bank of China is an authorized foreign exchange bank.
C、No, you can’t. Bank of China is not open on Sundays.
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
金融英语： FECT-1 单选题（一）1. Which of the following is not a function of money? .A. To act as a medium of exchangeB. To act as a unit of accountC. To act as a store of valueD. To provide a double coincidence of wantsE. To act as a means of payment2. The price in the foreign exchange market is called .A. the trade surplusB. the exchange rateC. the money priceD. the currency rate3. Market risk refers to the risk of.A. financial prices fluctuationsB. defaultC. fraudD. deferred payments4. Which of the following is not amongthe generally accepted accounting principles?A. Cash basisB. PrudenceC. ConsistencyD. Going concernE. Money measurement.5. What is a documentary letter of credit? .A. A conditional bank undertaking to pay an exporter on production of stipulated documentationB. A method of lending against documentary securityC. An international trade settlement system biased in favour of importersD. All of the above6. Holding a group of assets reduces risk as long as the assets .A. are perfectly correlatedB. are completely independentC. do not have precisely the same pattern of returnsD. have a correlation coefficient greater than one7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an .A. liability8. debt9. equity10. asset8. What function is money serving when you buy a ticket to a movie? .A. store of valueB. a medium of exchangeC. transaction demandD. a unit of account9. If foreigners expect that the future price of sterlingA. supplyofsterlingwillrate will fallB. supplyofsterlingwillrate may or may not increase C.supplyofsterlingwillrate will riseincrease,demand for sterlingincrease,demand for sterlingfall, demand for sterling willwill be lower, the .will fall, and the exchangewill rise, and the exchangeincrease, and the exchangeD. supply of sterling will fall, demand for sterling will fall, and the exchange rate may or may not fall10. The documentary collection provides the seller with a greater degree of protection than shipping on .A. open accountB. banks letter of guaranteeC. bankers draftD. documentary credit11. Which of the following statements is not true of central banks? A. They pay the governments salariesB. They always undertake the regulation of the banking systemC. They are always the lender of last resortD. None of the above12. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar .A. appreciates by 12.70%B. depreciates by 14.55%C. depreciates by 12.70%D. appreciates by 14.55%13. According to diversification principle in investment, suppose you invest StockX and Stock Y with equal funds, which of the following is not true? .A. If X and Y are totally independent with each other, the risk of the portfoliois reducedB. If X and Y are perfectly negatively correlated, the risk of the portfolio is perfectly offsetC. If X and Y are perfectly positively correlated, the risk of the portfolio is neither reduced nor increasedD. If X and Y are perfectly negatively correlated, the risk of the portfolio is neither reduced nor increased14. These are four main methods of securing payment in international trade:(1) payment under documentary credit(2) open account(3) collection, that is document against payment or acceptance of a bill of exchange(4) payment in advanceFrom an exporters point of view, the order of preference is .A. (4) , (2) , (3) , (1)B. (4) , (1) , (3) , (2)C. (4) , (3) , (1) , (2)D. (2) , (4) , (1) , (3)15. The main liability on a bank balance sheet is .A. depositsB. capital and reservesC. loans and overdraftsD. cash16. shows that net income for a specified period of time and how it wascalculated.A. The income statementB. The capital statementC. The accounting statementD. The statement of financial condition17. Why must the liabilities and assets of a bank be actively managed? .A. Because assets and liabilities are not evenly matched on the same time scaleB. Because assets and liabilities are evenly matchedC. Because the interbank market uses LIBORD. Because assets and liabilities can be underwritten18. If the expected returns of two risky assets have a perfect negative correlation, then risk .A. is increasedB. falls to zeroC. is unaffectedD. is reduced by one-half19. A possible disadvantage of freely fluctuating exchange rates with no official intervention is that .A. some nations would experience continual deficitsB. the exchange rates may experience wide and frequent fluctuationsC. nations would no longer be able to undertake domestic policies designed to achieve and maintain full employmentD. nations would need a larger supply of international reserves than otherwise20. What are your GBP/USD position and the average rate if you sell 4m at 1.6350buy 5m at 1.6340 and sell $5m
A、trade barrier
B、dumping
C、tariff
D、open border
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.
A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
A．there is no self-correcting mechanism
B．currency values become unstable
C．the value of the reserve currency declines
D．world inflation increases
The money market is a dealer market where, over the telephone or through electronic systems, ______.
A．a broker receives commission to act as an agent
B．the investors are trading on a central trading floor
C．firms buy and sell securities in their own accounts, at their own risk
D．individual investors can trade on the exchange
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.
参考答案：26-30：F F T F T