What are the main contents in the insurance clause________?
A.Risks to be covered
B.Amount insured
C.The party effecting the insurance
D.All of the above
- · 有4位网友选择 A,占比50%
- · 有2位网友选择 D,占比25%
- · 有2位网友选择 B,占比25%
A.Risks to be covered
B.Amount insured
C.The party effecting the insurance
D.All of the above
What does Ms. Cook imply that her main purpose was in coming to this town?
A.To attend a conference.
B.To see the planetarium.
C.To change planes.
D.To go sightseeing.
What is the main purpose Of the lecture?
A.To explain chamber music
B.To give examples of composers
C.To congratulate the University Quartet
D.To introduce madrigal singing
What is the main purpose of this passage?
A.To give some good advice about how to reduce computer system unsteadiness.
B.To stop people from buying no-name products.
C.To advertise the advantages of name-brand hardware.
D.To make known the unsteadiness of computer systems.
What is the main idea of the last paragraph?
A.It shows the reason why people think some colors are warm and others are cool.
B.Warm colors remind people of warm days.
C.Cool colors remind people of cool days.
D.People have an agreeable opinion of warm colors and cool colors.
Please co operate with the police by reporting any crime or suspicious activity immediately, either by dialling 110 or calling at your nearest police station.
The main purpose of the passage is to______.
A.warn people of pickpockets.
B.tell people what to wear.
C.describe how to catch thieves.
D.explain how to contact the police.
【C1】
A.authorities
B.commanders
C.leaders
D.directors
SECTION B INTERVIEW
Directions: In this section you will hear everything ONCE ONLY. Listen carefully and then answer the questions that follow. Questions 1 to 5 are based on an interview. At the end of the interview you will be given 10 seconds to answer each of the following five questions.
Now listen to the interview.
听力原文:A: How do you and your housemates like the co - up? I' m thinking of joining it myself.
B: We like it quite a bit. We get some very fresh produce. And both staples and fair prices. But it certainly hasn’t saved us time. The co - up doesn’t carry everything. So we still wind up going to the supermarket too, for cleaning supplies, batteries, that sort of thing. I wish the co - up solved those items. ]' ye been talking about it with some of the other members.
A: What do members have to do.'? Just to pay a membership fee?
B: Yeah. There is a fee, and there are meetings. But attend ance isn’t required. But we do have to work there for an hour every week, which isn’t too bad. Once you are there, you can get your shopping done.
A: I wouldn’t mind working there some time. You get to learn about the products. But is the food free of additives? That will be the main reason I join. I' m a convert from junk food. Until now my diets have been largely chemical additives and pesticides. B: Well, a lot of food is pure and pesticides - free. They also have ultamine supplements and soy and Toufu and that kind of thing, lots of health food in shop there. So if source health oriented, the co- up is.
A: I’d like to try it just for a month or so. Then if you like it, you can join for a longer periods. And it becomes cheaper. A six month membership costs as much as 5 individual months.
B: Sounds pretty easy. Maybe the next time I run into you a gain, it will be in the checkout line in the co -up.
What are the speakers mainly discussing?
A.Memberships in a food coup.
B.The benefits of health food.
C.Shopping in the supermarket.
D.The current cost of food.
An office is the "brain" of a business. In an office, figures, lists and information are compiled which tell the managers or heads of the business what is happening in their shops or factories. These figures guide the managers【51】telling them what has happened and what is happening.
Information comes into an office in all sorts of【52】but the main items of information come
in regularly. It is part of the job of the clerks to collect and classify that information and to put it into a form. that is easily interpreted and understood. Offices collect information, then they【53】it.
This work of collection is common in an office from the sorting of mail every morning to the accountant's work in finding【54】the final figure for year's profit.【55】always requires the arrangement of the same kind of information, often into lists or columns. For this work, correctness, accuracy and speed, as in all office work, are essential.
There is no value,【56】, in collecting the figures【57】mean nothing.【58】are guides which should help us【59】decisions. The interpretation of information and of tables should tell us where success or【60】lies, where profit can be had and where【61】occur. On this kind of information and from the known figures, a choice is【62】and a series of such choices may make a policy.
A firm which has three factories may find,【63】. instance, from its figures, that one factory is losing money and a choice may lie between either a change of manager, a cut in production, an increase in production【64】closure of the factory. Whichever one of these decisions is taken becomes the policy. It is clear【65】a decision leading to a policy can only be as good【66】 the information【67】which it is based.
Consequently there is a constant search【68】more and more exact information. Managers will want to have all the necessary facts【69】they can make the best decision and it is normal for【70】to seek for more and more information.
(51)
How many main courses in this language school offering now?
Elanguest offers ______ main courses now.
In recent years, ______ is the main problem with housing.
A.the deterioration of housing conditions
B.the shortage in housing
C.the failures of construction programs
D.the reduction of housing subsides
Although Alecto Co is of the opinion that it is equally likely that interest rates could increase or fall by 0·5% in four months, it wishes to protect itself from interest rate fluctuations by using derivatives. The company can borrow at LIBOR plus 80 basis points and LIBOR is currently 3·3%. The company is considering using interest rate futures, options on interest rate futures or interest rate collars as possible hedging choices.
The following information and quotes from an appropriate exchange are provided on Euro futures and options. Margin requirements may be ignored.
Three month Euro futures, €1,000,000 contract, tick size 0·01% and tick value €25
March 96·27
June 96·16
September 95·90
Options on three month Euro futures, €1,000,000 contract, tick size 0·01% and tick value €25. Option premiums are in annual %.
It can be assumed that settlement for both the futures and options contracts is at the end of the month. It can also be assumed that basis diminishes to zero at contract maturity at a constant rate and that time intervals can be counted in months.
Required:
(a) Briefly discuss the main advantage and disadvantage of hedging interest rate risk using an interest rate collar instead of options. (4 marks)
(b) Based on the three hedging choices Alecto Co is considering and assuming that the company does not face any basis risk, recommend a hedging strategy for the €22,000,000 loan. Support your recommendation with appropriate comments and relevant calculations in €. (17 marks)
(c) Explain what is meant by basis risk and how it would affect the recommendation made in part (b) above. (4 marks)
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