题目内容

According to the passage, the main purposes of futures contracts are ______.

A. to hedge
B. to speculate
C. to arbitrage
D. all of the above

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The indemnity may be ______.

A. used whenever there are discrepancies in the documents
B. presented when the shipping company intends to release the goods to the applicant
C. presented to the issuing bank of the L/C under which there are unimportant discrepancies in the documents
D. used in lieu of shipping documents

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Arbitrageurs in the futures markets are those people who ______.

A. take on the risks that hedgers want to shed
B. seek to hedge their risks
C. make the futures prices move in accordance with other markets
D. all of the above

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The word "covenant" in this passage means commercial actions.

A. Right
B. Wrong
C. Doesn't say

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听力原文：M: Oh, my God! Jessica. It's five p. m. now. Tomorrow is Saturday. The credit will expire on Sunday. Weekend is non-business day. We cannot make it today. What shall we do？
W: Don't worry. Banks will accept presentation on the following business day.
Q: When will the bank deal with the credit if the expiry date of a credit fails on a non-business day？
(19)

A. On every business day.
B. On Tuesday.
C. On Wednesday.
D. On the following business day.

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According to the passage, the main purposes of futures contracts are ______.

A. to hedge B. to speculate C. to arbitrage D. all of the above

The indemnity may be ______.

Arbitrageurs in the futures markets are those people who ______.

The word "covenant" in this passage means commercial actions.

A. to hedge
B. to speculate
C. to arbitrage
D. all of the above