A．The People's Bank of China.B．China Foreign Exchange Trading Center.C．Inter-bank Fore

(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.

Bad news for bankers

There was great uncertainty today about the future for employees of Lancet Bank following publication of (29) ...company's yearly financial results. Losses reached ￡8.5m, (30) ... this year's financial figures the worst (31) ... almost 20 years. Lancet Bank, (32) .,. was founded over a century ago (33) ...Jamie McCIoud, currently employs more (34) ... 5,000 staff at 200 branches, mainly in Wales and the north of England. Many people believe stories that the bank is planning to close most of (35) ... branches in Wales. However, the bank has refused to comment on (36) ... rumours. Gary Tooley, a spokesman for Lancet, warned that (37) ... some redundancies would be unavoidable, he could give no further details (38) ... September at the earliest. Union officials are currently involved. (39) ... talks with management and are trying to find an acceptable solution for (40) ... parties.

(29)

A．the

B．a

C．any

Under the documentary credit, which of the following is false？

A．The buyer's bank will issue a documentary credit.

B．The seller has his bank's undertaking to pay.

C．If the seller presents the correct documents, he will be paid.

D．A bank acts as an intermediary between the buyer and seller and is willing to provide trade.

A．the exporter

B．the importer

C．the exporter's bank

D．the importer's bank

What is the reserve requirement？

A．The requirement of a bank to deposit a percentage of money

B．The requirement for deposits in cash

C．The percentage of a bank's deposits in the form. of cash reserves

D．The requirement for cash reserves

A．the importer's bank

B．the exporter's bank

C．the collecting bank

D．the negotiating bank

What will happen if a draft is stamped "accepted" by a bank？

A．The bank will sell it as soon as possible to the buyer.

B．The draft will become money market funds.

C．Dealers will buy it in the domestic market.

D．The draft becomes a banker's acceptance and will be sold in the money market.

What is the reserve requirement？

A．The requirement for cash reserves.

B．The requirement for deposits in cash.

C．The percentage of a bank's deposits in the form. of cash reserves.

D．The requirement of a bank to deposit a percentage of money.

(10)

A．The issuing bank of an L/C is a bank in the exporter's country.

B．The issuing bank establishes an L/C in favor of the exporter.

C．The issuing bank of an L/C is a bank in the importer's country.

D．The bank that opens the letter of credit on behalf of the importer is the advising bank.

(5)

A．The paying bank sends the check to the remitting bank for repayment.

B．The remitting bank sends the check to the paying bank for repayment.

C．The collecting bank sends the check to the remitting bank for repayment.

D．The remitting bank sends the check to the collecting bank for repayment.