Foreign exchange is convertible currency but foreign to the holder.
A.Right
B.Wrong
C.Doesn't say
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: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3题:
A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
A.there is no self-correcting mechanism
B.currency values become unstable
C.the value of the reserve currency declines
D.world inflation increases
第4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5题:
In foreign collection basis the importer and exporter trade upon their reputation.
A.Right
B.Wrong
C.Doesn't say
第6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7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8题:
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9题:
第10题:
Foreign Exchange
第11题:
第12题:
Right
Wrong
Doesn’t say
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: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15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
第16题:
Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
A.Confirmed irrevocable documentary credit
B.Open account
C.Documentary collection D/A
D.None of the above
第17题:
The exporter has gotten the funds before he ships the goods in foreign collection.
A.Right
B.Wrong
C.Doesn't say
第18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19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20题:
第21题:
第22题:
Right.
Wrong.
Doesn’t say.
第23题:
对
错