The New York foreign exchange market is a market for exchanging foreign currencies against any convertible currencies.
A.Right
B.Wrong
C.Doesn't say
第1题:
短文理解
听力原文: The Chinese currency is the Renminbi. China has maintained a unified managed floating exchange rate since January 1994. The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market. The People' s Bank of China announces a reference rate for the Renminbi against the US dollar, the Hong Kong dollar, and the Japanese yen based on the weighted average price of foreign exchange transactions during the previous day's trading. Daily movement of the exchange rate of the Renminbi against the US dollar in inter-bank foreign exchange market is limited to 0.3% on either side of the reference rate as announced by the PBC. The buying and selling rates of the Renminbi against the Hong Kong dollar and the Japanese yen may not deviate more than 1% on either side of the reference rate. In the case of other currencies, the deviation may not exceed 0.5% on either side of their respective rates.
21. When did China begin to maintain a unified managed floating exchange rate?
22.Who determines the exchange rate of the Renminbi?
23.What is the deviation allowed on daily movement of the exchange rate of Renminbi against the US dollar?
(21)
A.1992
B.1993
C.1994
D.1995
第2题:
A、No, you can’t. Bank of China is not responsible for exchanging foreign currency.
B、Yes, you can. Bank of China is an authorized foreign exchange bank.
C、No, you can’t. Bank of China is not open on Sundays.
第3题:
Which of the following is responsible for the rapid economic growth in the US?
[A] Domestic consumers.
[B] Foreign investments.
[C] Real estate market.
[D] Recovering bond market.
本题考查事实细节。由第二段第二句可知,美国经济第三季度呈现快速增长,这种增长是由一直以来挥霍无度的美国消费者以及仅此一次的公司投资带来的(driven by...)。由此可知[A]是促进经济增长的原因之一。另外一个原因是“公司投资(corporate investment)”,而非“外国投资”,排除[B]。下文虽然提到“新房子建造速度快”,但它是经济增长的表现,而非原因。[D]在文中没有作为经济增长的原因被提及。
第4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5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6题:
A、invert
B、extrovert
C、convert
第7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8题:
对话理解
听力原文:M: Can I open a foreign currency account and convert my money into a currency which offers the highest interest?
W: Yes, we can arrange that for you, but foreign currency exchange rates are subject to fluctuation and sometimes you will suffer losses.
Q: What does the woman mean?
(11)
A.Interest rate of a foreign currency is much higher.
B.There are risks of losing money sometimes to open a foreign currency account.
C.Foreign currencies exchange rates are relatively stable.
D.It is advisable to open a foreign currency account.
第9题:
A、trade barrier
B、dumping
C、tariff
D、open border
第10题:
If employees of a bank gamble in foreign exchange dealings with the bank's money, the bank will suffer heavy losses of foreign currencies.
A.Right
B.Wrong
C.Doesn't say