听力原文:Historically, when the Fed lowers the discount rate, stock prices tend to rise; when the Fed raises the discount rate, stock prices are likely to move downward.
(5)
A. The discount rate and the stock prices move in the same direction.
B. The discount rate and the stock prices move in the adverse directions.
C. When the Fed raises stock prices, the discount rate is likely to move downward.
D. When the Fed lowers stock prices, the discount rate tends to rise.
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听力原文: Banker's acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not have other credit arrangements will first obtain a letter of credit from its own bank. The letter will authorize the foreign seller to draw a draft on the company's bank. A draft, or bill of exchange, as it is sometimes called, is a debt instrument. It can be made payable on sight, that is, upon presentation, payable upon arrival of merchandise, or payable in a fixed number of days. A draft can be made payable in, say, 30 days after it is presented to the bank against which it is drawn. This draft can be discounted at the seller's bank so that the seller receives immediate payment.
24. What gives rise to the bankers' acceptance?
25.In how many days can a draft be made payable after it is presented to the bank against which it is drawn?
26.How can the seller receive immediate payment if the draft is made payable on a future date?
(24)
A. The money markets.
B. The banks.
C. The international trade.
D. The buying of goods in the markets.
Which of the following is excluded from the commercial bank deposits?
A. Demand deposits.
B. Time deposits.
Checking accounts.
D. Treasury bills.
听力原文:The bank must consider carefully whether the loan is to be used in any illegal activity or for speculative purpose.
(4)
A. The bank must take the purpose of loan into consideration carefully.
B. The bank wonders if the loan is used for illegal or speculative purpose.
C. The bank worries that the loan is used for illegal or speculative purpose.
D. The bank must consider a way for the loan to be used for speculative purpose.
听力原文:Future contracts have to be standardized, or floor trading would be slowed down considerably as brokers would have to assess contract specifications.
(9)
A. If future contracts are standardized, brokers would not assess contract specifications.
B. As long as future contracts are standardized, floor trading would be made slow accordingly for brokers to evaluate contract specifications.
C. Whether future contracts are standardized or not, floor trading will not be influenced.
D. Futures contracts must be standardized, otherwise, floor trading would be made very slowly since specifications of each contract would be assessed.