Foreign exchange dealing is more or less like a ___ gamble on exchange rates.A.calcul

In London, a premium on a foreign exchange rate means ______.

A．the foreign currency is dearer

B．the foreign currency is cheaper

C．the foreign currency is less valuable

D．it has no relevance at all

What is the important function of" the foreign exchange market mentioned in the passage？

A．Its main function is to reduce the risk of fluctuating exchange rates or a change in the parity of currencies.

B．The foreign exchange market can protect the traders against loss through exchange rate fluctuations.

C．The foreign exchange market is the mechanism through which foreign currencies are traded.

D．The important function of the foreign exchange market is to uniform. the currency being traded and circulate the knowledge of price changes.

(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.

A.success

B.sustainability

C.viability

D.profitability

A．An excess supply of that currency exists in the foreign exchange market

B．An excess demand for that currency exists in the foreign exchange market

C．The supply of foreign exchange shifts outward to the right

D．The supply of foreign exchange shifts backward to the left

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

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

(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.

Foreign exchange is convertible currency but foreign to the holder.

A．Right

B．Wrong

C．Doesn't say

(4)

A．The aim of such control is to raise the demand for foreign exchange.

B．The aim of such control is to decrease the supply of foreign exchange.

C．The aim of such control isn't to maintain a stable exchange rate.

D．The aim of such control is to maintain a stable exchange rate.