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听力原文:The bank of China is a state-owned enterprise and is a specialized foreign exchange bank of the People's Republic of China.
(2)

A. The Bank of China is not a state-owned enterprise.
B. The Bank of China is a foreign exchange bank.
C. The Bank of China is not a foreign exchange bank.
D. The Bank of China is not very important.

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听力原文:W: It is said that there are some check authorization systems currently in use.
M: But they are cumbersome relative to the computerized credit card validation systems.
Q: What does the man think of the check authorization systems?
(20)

A. They are convenient.
B. They are advanced in technology.
C. They are cumbersome.
D. They are computerized.

A bond with an adjustable interest payment is termed ______.

A. a fixed-rate bond
B. a floating-rate bond
C. a blue-chip bond
D. a junk bond

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.

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.

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