Which banks may become a transferring bank? (1)() Confirming bank (2)() Nominated bank (3)() S
Which banks may become a transferring bank?
(1)( ) Confirming bank
(2)( ) Nominated bank
(3)( ) Specifically authorized bank
(4)( ) Negotiating bank
Which banks may become a transferring bank?
(1)( ) Confirming bank
(2)( ) Nominated bank
(3)( ) Specifically authorized bank
(4)( ) Negotiating bank
A、services
B、goods
C、documents
D、performance to which the documents may relate
The letter of credit may specify which institute to issue a certificate of origin (C/O). If the institute is not specified in the letter of credit, usually the Chinese exporter should choose China Customs to issue a C/O. But banks should accept C/O issued by both CCPIT and China Customs.
A、When an issuing bank determines that a presentation does not comply, it may, with the agreement from the negotiating bank, approach the applicant for a waiver of the discrepancies.
B、When an issuing bank determines that a presentation is complying, it may in its sole judgement, decide whether or not to honour.
C、Banks may refuse to honour or negotiate discrepant documents.
D、Notice of refusal must be given to presenter no later than close of the tenth banking day following the day of presentation.
In general,【C4】______banks can increase the effective rate of【C5】______that they earn on a loan by requiring a【C6】______to maintain compensating balances, by discounting the【C7】______in advance(i.e.deducing the interest at the beginning of the loan), or【C8】______requiring installment payments. However, commercial bank loans may still be cheaper than other【C9】______of short-term finance such as trade credit.
Trade credit is【C10】______to suppliers and is a【C11】______source of finance. Many small firms use it【C12】______there is no other source of funds【C13】______to them. The borrower may also be【C14】______of its true cost which is【C15】______more expensive than short-term loans from commercial【C16】______
Commercial paper is unsecured short-term debt. It is usually【C17】______by large credit-worthy corporations as【C18】______source of short-term funds. The【C19】______interest rate is usually lower【C20】______comparable commercial bank loans.
【C1】
A.from
B.with
C.through
D.in
(3)
A.Banks will deal with the documentary credit along with the sales contract.
B.Banks take no care of the sales contract while dealing with the documentary credit.
C.Documentary credit and the sales contract are both important to banks.
D.Banks will care for either the documentary credit or the sales contract.
In the foreign exchange market, which is made up of banks' traders and brokers, prices (61) every minute (62) to supply and demand. For safety's sake, a branch will get a rate from their traders for a big transaction. Therefore the traders give their branches lists of exchange rates (63) they may buy and sell notes and payments in the main currencies.
Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterling to a non-resident, the payment has first to (64) under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases (65) borrowing and lending have to be referred to the Bank of England.
(46)
A.alter
B.vary
C.turn
D.convert
听力原文: Many people dislike walking into the bank standing in long lines and running out of checks. They're dissatisfied with the bank's limited hours too. They want to do some banking at night and on weekends. For such people, their problems may soon be over. Before long, they may be able to do their banking from the comfort of their own home any hour of the day, any day of the week. Many banks preparing online branches or internet offices, which means that people will be able to take care of much of their banking business through their home computers. This process is called interactive banking. On these online branches, customers will be able to view all their accounts, move money between their cards. Customers will also be able to pay their bills electronically and even email questions to the bank. Banks are creating online services for several reasons. One reason is that banks must compete for customers who will switch to another bank if they are dissatisfied with the service they receive. The convenience of online banking appeals to the kind of customer banks most want to keep, that is people who are young, welleducated and bare good incomes, Banks also want to take advantage of modem technology since they have moved into the 21st century.
(37)
A.Their business hours are limited.
B.Their safety measures are inadequate.
C.Their banking procedures am complicated.
D.They don't have enough service windows.
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