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提问人:网友anonymity 发布时间:2022-01-06
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commitment period

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第1题
In the 1920s demand for American farm products fell, as European countries began to recover from World War I and instituted austerity (紧缩) programs to reduce their imports. The result was a sharp drop infarm prices. This period was more disastrous for farmers than earlier times had been, because farmers were no longer self-sufficient. They were paying for machinery, seed, and fertilizer, and they were also buying consumer goods. The prices of the items farmers bought remained constant, while prices they received for their products fell. These developments were made worse by the Great Depression, which began in 1929 and extended throughout the 1930s.

In 1929, under President Herbert Hoover, the Federal FarmBoard was organized. It established the principle of direct interference with supply and demand, and it represented the first national commitment to provide greater economic stability for farmers.

President Hoover' s successor attached even more importance to this problem. One of the first measures proposed by President Franklin D. Roosevelt when he took office in 1933 was the Agricultural Adjustment Act, which was subsequently passed by Congress. This law gave the Secretary of Agriculture the power to reduce production through voluntary agreements with farmers who were paid to take their land out of use. A deliberate scarcity of farm productswas planned in an effort to raise prices. This law was declared unconstitutional by the Supreme Court on the grounds that general taxes were being collected to pay one special group of people. However, new laws were passed immediately that achieved the same result of resting soil and providing flood-control measures, but which were based on the principle of soil conservation. The Roosevelt Administration believed that rebuilding the nation' s soil was in the national interest and was not simply a plan to help farmers at the expense of other citizens. Later the government guaranteed loans to farmers so that they could buy farm machinery, hybrid(杂交) grain, and fertilizers.

What brought about the decline in the demand for American farm products?

A.The impact of the Great Depression.

B.The shrinking of overseas markets.

C.The destruction caused by the First World War.

D.The increased exports of European countries.

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第2题
covet:_____________(n.)
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第3题
option period
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第4题
commitment letter
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第5题
discount charges
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第6题
letter of assignment
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第7题
2月20日,Smith开立了一张金额为US$100000.00,以Brown为付款人,出票后90天付款的汇票,因为他出售了价值为US$100000.00的货物给Brown。3月2日,Smith又从Jack那里买进价值相等的货物,所以,他就把这张汇票交给了Jack。Jack持该票于同年3月6日向Brown提示,Brown次日见票承兑。3月10日,Jack持该票向A银行贴现,当时的贴现利率为10%p.a.(按360天计算),请计算到期日、贴现天数及实得票款净值。
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第8题
假设目前的三个月贴现率为10%p.a.,请用两种方法计算其等值的利率是多少(按360天计算)?
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第9题
一商人手持一张金额为US$3600的汇票,提前120天向A银行贴现,当时市场贴现率为10%p.a.(按360天计算),该商人应得票款净值是多少?
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第10题
支票的有效期是自______日起算的。
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