Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes to one of the ten-regular commercial paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells its notes directly in the market, without the intermediation of the (62) . This is the method used primarily by sales-finance companies because they (63) in the market on a virtually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (64) items, for example, automobiles, refrigerators, and television sets. These companies find the commercial paper (65) particularly well suited to their needs since it enables them to adjust to swings in demand for installment purchases.
(46)
A. issuing corporation
B. seller
C. dealer
D. issuing bank
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听力原文:A revolving documentary credit in relation to value involves the buyer and the banks in an incalculable liability.
(8)
A. The banks have an incalculable liability under the documentary credit revolving in value.
B. The banks prefer to issue the documentary credit revolving in value.
C. The buyer has less liability under the documentary credit revolving in value.
D. The banks are involved in less liability by issuing the documentary credit revolving in value.
Organization costs is listed in income statement.
A. Right
B. Wrong
C. Doesn't say
Into what kind of account can a savings deposit be transferred at the same bank?
A time deposit account of the depositor.
B. A demand deposit account of the depositor.
C. A NOW account of the depositor.
D. A fixed time account of the depositor.
听力原文:M: Do I have to have an account here to cash a personal check?
W: Not if it's drawn on this branch.
Q: What will the man probably do?
(12)
A. Have an account.
B. Draw on this branch.
Cash a check.
D. Something personal.