听力原文:In foreign exchange transactions, a forward purchase is an undertaking to buy a particular amount of foreign currency for delivery and settlement of a future date.
(7)
A.A forward transaction is done on a future date.
B.A forward purchase is to buy foreign currency in future.
C.A forward purchase is to buy a foreign currency with settlement on a future date.
D.A forward transaction is to buy a foreign currency on future date.
第1题:
听力原文:The bank's foreign exchange department has to keep constant track of the positions in the various currencies.
(7)
A.The bank's foreign exchange department has to record the positions in the various currencies.
B.The hank's foreign exchange department has to record the positions in the various currencies.
C.The bank's foreign branches department has to record the various foreign currency liabilities.
D.The bank's foreign branches department has to record the positions in the various currencies.
第2题:
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.
第3题:
Banks face losses from three sources : their own position ; dealing positions taken by employees, and defaults by counter parties to forward exchange contracts and covering transactions.
A.Right
B.Wrong
C.Doesn't say
第4题:
Customers trading abroad in foreign currencies may protect against the exchange risk by arranging ______.
A.a contract of international sale of goods
B.a contract of marine insurance
C.a forward contract to fix the exchange rate in advance
D.contract for the delivery of goods by installments
第5题:
听力原文:Typical foreign exchange transactions involve trades of one currency for another in the spot or cash market, or forward transactions.
(3)
A.Forward transactions is not of typical foreign exchange transactions.
B.Typical foreign exchange transactions occur in the spot or cash market.
C.Forward transactions don't occur in the spot or cash market.
D.Typical foreign exchange transactions occur only in the spot market.
第6题:
短文理解
听力原文: Spot transaction means the actual and variable amount of the currency of one country which at any given time, can be bought for a fixed sum in the currency of another country. It is a term meaning that these transactions are settled on the second working day from the date of the deal. For example, you buy $ 5,000.00 US dollars on October 10th( say Wednesday) , the purchased US dollars will value on October 12th.
21. What does spot transaction mean?
22.When are the spot transaction settled?
23.What's the value date for purchase of $ 5,000.00 US dollars in the passage?
(21)
A.It means that at any time you can buy currency of one country for another currency.
B.It means that the actual and variable amount of one currency can be bought for a fixed sum in another currency at any given time.
C.It means that any kind of currency can be bought at any time for another currency.
D.It means that the actual and fixed amount of the currency of one country at any time can be bought for a variable sum in the currency of another currency.
第7题:
I’m looking forward _______ you in the near future.
A、to seeing
B、to see
C、seeing
D、seen
第8题:
The price in the foreign exchange market is called ______.
A.the trade surplus
B.the exchange rate
C.the money price
D.the currency rate
第9题:
Foreign exchange is convertible currency but foreign to the holder.
A.Right
B.Wrong
C.Doesn't say
第10题:
The forward part of the ship on port is called the().
第11题:
A head line leads forward from()to shore.
第12题:
第13题:
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
第14题:
听力原文:A currency swap is a second technique for hedging long-term transaction exposure to exchange rate fluctuations.
(10)
A.A currency swap is a better way to convert the long-term transaction into a spot transaction.
B.A currency swap makes long-term transaction exposure to exchange rate fluctuations.
C.A currency swap is a better way to reduce the risks of the long-term transactions owing to the exchange rate fluctuations.
D.A currency swap can in no way reduce the risk of exchange rate fluctuations.
第15题:
听力原文:If a U.S. company wants to purchase goods in Britain and the transaction is settled in sterling pounds, it has to exchange dollars for pounds first.
(9)
A.The U.S. company has to exchange dollars for pounds to make settlement for the goods imported from U.K.
B.The U.S. company must exchange some pounds for dollars before the transaction is made.
C.The U.S. company may directly purchase goods in Britain in sterling pounds.
D.The U.S. company must exchange dollars for euros first.
第16题:
In the foreign exchange market, which is made up of banks' traders and brokers, prices (61) every minute (62) to supply and demand. For safety's sake, a branch will get a rate from their traders for a big transaction. Therefore the traders give their branches lists of exchange rates (63) they may buy and sell notes and payments in the main currencies.
Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterling to a non-resident, the payment has first to (64) under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases (65) borrowing and lending have to be referred to the Bank of England.
(46)
A.alter
B.vary
C.turn
D.convert
第17题:
听力原文:Theoretically, the forward price for a currency can be identical with the spot price. However, it in practice is almost always either higher or lower than the spot price.
(6)
A.The forward price for a currency is always the same with the spot price.
B.The forward price for a currency is always different from the spot price.
C.Theoretically, the forward price is almost always either higher or lower than the spot price.
D.Theoretically, the forward price for a currency is always the same with the spot price.
第18题:
A financial future is a contract to buy or sell certain forms of money at a specified date ______.
A.with spot rate
B.with forward rate
C.at the market price
D.at the price fixed at the time of the deal
第19题:
听力原文:The foreign exchange market operates much like other financial markets, but isn't located in a specific place like a stock exchange.
(9)
A.The foreign exchange market operates like other financial markets in every respect.
B.The foreign exchange market has a specific place like a stock exchange.
C.There's no physical market place such as stock exchanges for the foreign exchange transactions.
D.The foreign exchange market operates quite differently since the former has no physical market place.
第20题:
When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its ______.
A.imports automatically increase
B.currency automatically depreciates
C.exports automatically decline
D.currency automatically appreciates
第21题:
The reason that foreign exchange markets exist is because people have a strong desire to get foreign currencies to travel round the world, to buy goods produced in other countries.
A.Right
B.Wrong
C.Doesn't say
第22题:
We look forward to()the goods in the fourth quarter.
第23题:
see
seeing
be seen
being seen