A state member bank should not pay a fine or other final judgment issued against an instit

According to the World Bank, we can learn that______.

A．the state should provide the majority of pensions

B．the state should provide more protection against old-age poverty

C．the role that the state plays in pensions is small

D．private funding should provide the majority of pensions

Why did the man go to the bank？

A．He had to pay the fine there.

B．He wanted to get small change.

C．He intended to call the traffic police.

roblems in international relations.

A．Y

B．N

C．NG

a penalty which be deducted by the paying bank from the payment under negotiation.

A．Shall, shall B．Shall, should

C．Should, should D．Should, shall

oice made out in the name of the applicant. Documents presented to the egotiating bank by the beneficiary include a customs invoice but not commercial invoice. All other terms and conditions have been met. What action should the negotiating bank take？

(1)( )Reject the documents as non - complying.

(2)( )Refer to the issuing bank for authority to pay.

(3)( )Return the documents for amendment by the beneficiary.

(4)( )Pay the documents as fully complying with the terms of the credit.

Under a standby letter of credit, ______.

A．evidences of the underlying transaction should be filed first

B．the applicant may be exempted from any liabilities

C．the issuing bank has to pay the beneficiary

D．the issuing bank should pay when the applicant fails to fulfill his obligations

be based and banks are in no way concerned with or bound by such contracts，even if any referencewhat so ever to such contracts is included in the credit．Consequently，the undertaking of a bank to pay，accept and pay drafts or negotiate and/or to fulfill any other obligation under the credit，is not subject toclaims or defences by the applicant from his relationships with the Issuing Bank or the Beneficiary．

rely on depositors (储户) not to demand payment all at the same time. If depositors should come to fear that a bank is not safe, that it cannot pay off all its depositors, then that fear might cause all the depositors to appear on the same day. If they did, the bank could not pay all accounts. However, if they did not all appear at once, then there would always be enough money to pay those who wanted their money when they wanted it. Mrs. Elsie Vaught has told us of a terrifying bank run that she experienced． One day in December of 1925 several banks failed to open in a city where Mrs. Vaught lived． The other banks expected a run the next day, and so the officers of the bank in which Mrs Vaught worked as a teller had enough money on hand to pay off their depositors. The officers simply told the tellers to pay on demand． The next morning a crowd gathered in the bank and on the sidewalk outside. The length of the line made many think that the bank could not possibly pay off everyone. People began to push and then to fight for places near the tellers windows, The power of the panic atmosphere was such that two tellers, though they knew that the bank was quite all right and could pay all depositors, drew their own money from the bank. Mrs Vaught says that she had difficulty keeping herself from doing the same. A bank run happens when _______.

A.a bank is closed for one or more days

B.too many depositors try to draw out their money at one time

C.there is not enough money to pay all its depositors at one time

D.tellers of a bank take their own money from the bank

ents of all ages in U. K. and other member countries of E. U..

A．The Open University

B．The State University

C．The Local University

D．The Community University

er member states.

A．resist

B．reflect

C．refrain

D．retreat