听力原文：Banker's acceptances are a very old form. of commercial credit. They provide, in

听力原文：M: How to decide the amount of the loan granted to a banker's customer？

W: The banker will examine the detailed financial statements of the customer before making a decision.

Q: What should a banker do before a loan is made？

(13)

A．To make a decision quickly.

B．To make friends with the customer.

C．To know the position of the customer.

D．To examine the details of the financial statements.

the drawee and collecting bank.

(9)

A．The relationship between the drawee and collecting bank will be taken into consideration first of all.

B．The remitting banker's instructions will be paid much more attention.

C．The remitting banker's instructions will be less important than the relationship between the drawee and collecting bank.

D．The remitting banker must consider the relationship between the drawee and collecting bank.

听力原文：M: What's the interest rate on mortgage loans？

W: It fluctuates a little depending on the various factors in the loan, but around 8.75% for long-time clients.

Q: What are they talking about？

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A．About long-term relationship between the banker and the client.

B．About long-term loans.

C．About housing loans.

D．About short-term loans.

听力原文： Banker's acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not have other credit arrangements will first obtain a letter of credit from its own bank. The letter will authorize the foreign seller to draw a draft on the company's bank. A draft, or bill of exchange, as it is sometimes called, is a debt instrument. It can be made payable on sight, that is, upon presentation, payable upon arrival of merchandise, or payable in a fixed number of days. A draft can be made payable in, say, 30 days after it is presented to the bank against which it is drawn. This draft can be discounted at the seller's bank so that the seller receives immediate payment.

24. What gives rise to the bankers' acceptance？

25.In how many days can a draft be made payable after it is presented to the bank against which it is drawn？

26.How can the seller receive immediate payment if the draft is made payable on a future date？

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A．The money markets.

B．The banks.

C．The international trade.

D．The buying of goods in the markets.

banker.

(6)

A．The collecting banker is the banker on whom the cheque is drawn.

B．The paying banker is the banker on whom the cheque is drawn.

C．The drawer banker is the banker on whom the cheque is drawn.

D．The presenting banker is the banker on whom the cheque is drawn.

l expire on Sunday. Weekend is non-business day. We cannot make it today. What shall we do？

W: Don't worry. Banks will accept presentation on the following business day.

Q: When will the bank deal with the credit if the expiry date of a credit fails on a non-business day？

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A．On every business day.

B．On Tuesday.

C．On Wednesday.

D．On the following business day.

听力原文： Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman's bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.

25. What do the back-to-back credits consist of？

26.In which situation do the back-to-back credits apply？

27.In whose favor is the back-to-back credit issued.？

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A．It consists of one commercial credit and one standby credit.

B．It consists of two entirely separate documentary credits.

C．It consists of a credit and some commercial documents.

D．It consists of a bill of exchange and a bill of lading.

for their customers.

(9)

A．From an early date the banker have charged a commission for their services.

B．From an early date the banker has an obligation to serve the customers.

C．From an early date the customers have charged a commission.

D．From an early date the customer has an obligation to serve the banker.

听力原文： The importer will require a full set of bills of lading in order to obtain the goods from overseas port. The bills of lading can only be obtained by payment of the bill of exchange (D/P) , or by acceptance (D/A). Therefore, the importer cannot obtain the goods without paying or accepting the bill of exchange, and conversely an exporter retains control of the goods until payment or acceptance of bill of exchange. When goods are sent by air, the airway bill could show the importer's bank as consignee. Once again the importer must pay or accept a bill of exchange to be able to obtain the goods. Once the importer has paid or accepted the bill of exchange, the importer's bank will issue a delivery order. The delivery order is an authority, signed on behalf of the bank, authorizing the airport to release the goods to the named importer.

27. What will the importer require to obtain the goods from oversea port？

28.What's the meaning of D/P？

29.How can he importer obtain the goods ？

30.When goods are sent by air, who can issue a delivery order to release the goods？

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A．bill of lading

B．documentary letter

C．letter of credit

D．insurance document

听力原文：M: Could your company accept bills of exchange payable 30 days after sight？

W: No, we don't accept any draft; instead, we usually make payment at sight.

Q: What can we infer from the conversation？

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A．The man will probably wait for the payment for 30 days.

B．The man can get his payment right away.

C．The man will send an order to the company.

D．The woman will not pay the man at sight.