问答题Practice 10 The U. S. Dollar is the currency most often used in international trade. If the currency of export sales is different from the currency of the exporting country, for example a Japanese exporter sells in U.S. Dollars, the exporter may encounter exchange risks-risks from fluctuations in exchange rates, for example between the U. S. Dollar and the Japanese Yen. In case of the Yen appreciation at the time of converting the U.S. Dollar to the Yen, the exporter will get less Yen per U.S. Dollar. Conversely, in case of the Yen devaluation the exporter will get more Yen per U.S. Dollar. Hence, in time of currency appreciation in the exporting country, it is important that the exporter ships the goods earlier, unless an earliest date for shipment is stipulated in the L/C or has been agreed upon between exporter and importer, and present the negotiating documents to the bank immediately. The exporter may contract with the bank to sell the U.S. Dollar forward in a so-called forward exchange, at a predetermined rate on an agreed future date, thus he/she will not be affected by the currency appreciation and will receive a fixed amount in his/her own currency at a future date.
问答题
Practice 10 The U. S. Dollar is the currency most often used in international trade. If the currency of export sales is different from the currency of the exporting country, for example a Japanese exporter sells in U.S. Dollars, the exporter may encounter exchange risks-risks from fluctuations in exchange rates, for example between the U. S. Dollar and the Japanese Yen. In case of the Yen appreciation at the time of converting the U.S. Dollar to the Yen, the exporter will get less Yen per U.S. Dollar. Conversely, in case of the Yen devaluation the exporter will get more Yen per U.S. Dollar. Hence, in time of currency appreciation in the exporting country, it is important that the exporter ships the goods earlier, unless an earliest date for shipment is stipulated in the L/C or has been agreed upon between exporter and importer, and present the negotiating documents to the bank immediately. The exporter may contract with the bank to sell the U.S. Dollar forward in a so-called forward exchange, at a predetermined rate on an agreed future date, thus he/she will not be affected by the currency appreciation and will receive a fixed amount in his/her own currency at a future date.
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对话理解听力原文：M: Can I open a foreign currency account and convert my money into a currency which offers the highest interest?W: Yes, we can arrange that for you, but foreign currency exchange rates are subject to fluctuation and sometimes you will suffer losses.Q: What does the woman mean?(11)A．Interest rate of a foreign currency is much higher.B．There are risks of losing money sometimes to open a foreign currency account.C．Foreign currencies exchange rates are relatively stable.D．It is advisable to open a foreign currency account.
In London, a premium on a foreign exchange rate means ______.A．the foreign currency is dearerB．the foreign currency is cheaperC．the foreign currency is less valuableD．it has no relevance at all
The term foreign exchange is best defined by the following statement: it is ______.A．the rate of exchange between two currenciesB．synonymous with currency exchangeC．the place in which foreign currencies are exchangedD．an instrument such as paper currency, note, and check used to make payments between countries
听力原文：A currency swap is a second technique for hedging long-term transaction exposure to exchange rate fluctuations.(10)A．A currency swap is a better way to convert the long-term transaction into a spot transaction.B．A currency swap makes long-term transaction exposure to exchange rate fluctuations.C．A currency swap is a better way to reduce the risks of the long-term transactions owing to the exchange rate fluctuations.D．A currency swap can in no way reduce the risk of exchange rate fluctuations.
根据文章内容进行判断，正确写“T”错误写“F”。Beads, stones, seashells, paper, precious metals such as gold and silver, base metals such as iron have all been used as money. Today, money is printed on paper. A lot of countries use their own currency, with names such as dollar, pound, franc, ruble, Yuan and so on. Since 2002, 18 of the EU members have replaced their national currencies by Euro notes and coins.If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country,you need to change your own countrys money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency.Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking.()26. This best title for this passage is “The history of money”()27. Euro is available in all EU member countries.()28. Foreign exchange rates have significant impact on the economy of a country.()29. Currency means money in the form. of paper.()30. Banks are a good option to get your money exchanged.
听力原文：Theoretically, the forward price for a currency can be identical with the spot price. However, it in practice is almost always either higher or lower than the spot price.(6)A．The forward price for a currency is always the same with the spot price.B．The forward price for a currency is always different from the spot price.C．Theoretically, the forward price is almost always either higher or lower than the spot price.D．Theoretically, the forward price for a currency is always the same with the spot price.
短文理解听力原文： Spot transaction means the actual and variable amount of the currency of one country which at any given time, can be bought for a fixed sum in the currency of another country. It is a term meaning that these transactions are settled on the second working day from the date of the deal. For example, you buy $ 5,000.00 US dollars on October 10th( say Wednesday) , the purchased US dollars will value on October 12th.21. What does spot transaction mean?22.When are the spot transaction settled?23.What's the value date for purchase of $ 5,000.00 US dollars in the passage?(21)A．It means that at any time you can buy currency of one country for another currency.B．It means that the actual and variable amount of one currency can be bought for a fixed sum in another currency at any given time.C．It means that any kind of currency can be bought at any time for another currency.D．It means that the actual and fixed amount of the currency of one country at any time can be bought for a variable sum in the currency of another currency.
Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.A．Confirmed irrevocable documentary creditB．Open accountC．Documentary collection D/AD．None of the above
We can learn from the second paragraph of the passage that there are some equations of market which can explain the demand and supply of the currency of a country.A．RightB．WrongC．Doesn't say
Method of payment shall be () the Irrevocable L/C payable()sight ()U.S. Currency.A、with, at, byB、by, on, withC、on, by, withD、by, at, in
When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its ______.A．imports automatically increaseB．currency automatically depreciatesC．exports automatically declineD．currency automatically appreciates
共用题干Germs（细菌）on BanknotesPeople in different countries use different types of money:yuan in China,pesos in Mexico,pounds in the United Kingdom,dollars in the United States,Australia and New Zeal-and. They may use different currencies,but these countries,and probably all countries,still have one thing in______(1):germs on the banknotes.Scientists have been studying the germs on money for well over 100 years. At the turn of the 20th______(2),some researchers began to suspect that germs living on money could spread disease.Most studies of germy money have looked at the germs on the currency______(3)one country. In a new study,Frank Vriesekoop and other researchers compared the germ populations found on bills of different______(4).Vriesekoop is a microbiologist at the University of Ballarat in Australia. He led the stud-y,which compared the germ populations found on money______(5)from 10 nations. The scientists studied 1,280 banknotes in total;all came from places where people buy food,like supermarkets,street vendors and cafes,______(6)those businesses often rely on cash.Overall,the Australian dollars hosted the fewest live bacteria一no more than 10 per square centimeter. Chinese yuan had the______(7）about 100 per square centimeter. Most of the germs on money probably would not cause harm.What we call“paper money”_________(8)isn't made from paper. The U. S. dollar,for ex- ample,is printed on fabric that is mostly cotton. Different countries may use different______(9)to print their money. Some of the currencies studied by Vriesekoop and his team,such as the American dollar,were made from cotton. Others were made from polymers.The three______(10)with the lowest numbers of bacteria were all printed on poly-mers. They included the Australian dollar,the New Zealand dollar and some Mexican pesos.The______(11)currencies were printed on fabric made mostly of cotton. Fewer germs lived on the polymer notes. This______(12)suggests that germs have a harder time staying alive on polymer surfaces. Scientists need to do more studies to understand______(13)germs live on, mon-ey—and whether or not we need to be concerned. Vriesekoop is now starting a study that will______(14)the amounts of time bacteria can stay alive on different types of bills.Whatever Vriesekoop finds,the fact remains:Paper money______(15)germs. We should wash our hands after touching it;After all,you never know where your money's been. Or what's living on it.7._________A: most B: smallest C: least D: latest
共用题干Germs（细菌）on BanknotesPeople in different countries use different types of money:yuan in China,pesos in Mexico,pounds in the United Kingdom,dollars in the United States,Australia and New Zeal-and. They may use different currencies,but these countries,and probably all countries,still have one thing in______(1):germs on the banknotes.Scientists have been studying the germs on money for well over 100 years. At the turn of the 20th______(2),some researchers began to suspect that germs living on money could spread disease.Most studies of germy money have looked at the germs on the currency______(3)one country. In a new study,Frank Vriesekoop and other researchers compared the germ populations found on bills of different______(4).Vriesekoop is a microbiologist at the University of Ballarat in Australia. He led the stud-y,which compared the germ populations found on money______(5)from 10 nations. The scientists studied 1,280 banknotes in total;all came from places where people buy food,like supermarkets,street vendors and cafes,______(6)those businesses often rely on cash.Overall,the Australian dollars hosted the fewest live bacteria一no more than 10 per square centimeter. Chinese yuan had the______(7）about 100 per square centimeter. Most of the germs on money probably would not cause harm.What we call“paper money”_________(8)isn't made from paper. The U. S. dollar,for ex- ample,is printed on fabric that is mostly cotton. Different countries may use different______(9)to print their money. Some of the currencies studied by Vriesekoop and his team,such as the American dollar,were made from cotton. Others were made from polymers.The three______(10)with the lowest numbers of bacteria were all printed on poly-mers. They included the Australian dollar,the New Zealand dollar and some Mexican pesos.The______(11)currencies were printed on fabric made mostly of cotton. Fewer germs lived on the polymer notes. This______(12)suggests that germs have a harder time staying alive on polymer surfaces. Scientists need to do more studies to understand______(13)germs live on, mon-ey—and whether or not we need to be concerned. Vriesekoop is now starting a study that will______(14)the amounts of time bacteria can stay alive on different types of bills.Whatever Vriesekoop finds,the fact remains:Paper money______(15)germs. We should wash our hands after touching it;After all,you never know where your money's been. Or what's living on it.10._________A: cheques B: currencies C: tickets D: notebooks
资料：Actually, any sale is a gift until you get paid. But exporters are especially concerned, since their buyers might be 10,000 miles away！So, understanding the four basic ways to get paid for an international order is important. The method you select will affect the risk you bear, the size of orders you might be able to get, and the financing you might require to fill the order.The following are the methods of payment for the exporter, from the most to the least secure:Cash-in-advance. New exporters frequently request this method. Their attitude typically is, "I don't know you very well but, if you send me the money, I'll send you the goods."●Advantage: The exporter gets paid before the shipment leaves the U.S. If cash is received prior to production, the exporter will not need additional working capital.●Drawback: It limits the exporter's sales potential since it ties up the importer's cash; can be a very non-competitive payment method if other suppliers are offering similar products or services.Letter-of-credit. Letters of credit （L/C） substitute the creditworthiness of the importer and exporter with that of their respective banks.●Advantage: The exporter will be paid if the terms and conditions of the L/C are met.●Drawback: There are fees associated with opening and amending L/Cs; the importer's cash is tied-up since cash or other assets need to collateralize the L/C, which in turn might reduce the order size. The exporter still might need additional working capital to produce the product or service, since L/Cs will not pay prior to shipment/performance.Documentary collections. This method uses the banking system for the exporter to send the necessary documents associated with the order to the importer.●Advantage: The documents and goods are not released until importer pays or agrees to pay at some future date. If the buyer refuses to accept the documents and goods, the exporter retains title to the goods and can sell them to a third party or bring them back to the U.S.●Drawback: No guaranty of payment, since the banks only act as intermediaries. The exporter will need to finance the production cycle, the shipment time, plus a longer period if the importer agrees to pay at a later date, until final payment is receivedOpen account: Open account terms for international sales are similar to domestic open account sales. The buyer agrees to pay in a set number of days-typically 30, 60, or 90-from the invoice, shipment or delivery date.●Advantage: More competitive terms which can help secure larger orders●Drawback: The goods are gone and the buyer might not pay. This risk can be greatly reduced by obtaining credit insurance from the Export-Import Bank of the U.S. on the foreign accounts receivable.Knowing the advantages and drawbacks to each method of payment can help to better prepare you for negotiating payment terms with your potential overseas customers. More detail and support on these and other trade financing issues can be obtained by contacting one of SBA's trade finance specialists in 20 U.S. Export Assistance Centers around the country. What magazine column might the article be in?A.BusinessB.EconomyC.SocialD.Culture
Beads， stones， seashells， paper， precious metals such as gold and silver， base metals such as iron have all been used as money. Today， money is printed on paper. A lot of countries use their own currency， with n ames such as dollar， pound， franc， ruble， yuan and so on. Since 2002， 18 of the EU members have replaced their national currencies by Euro notes and coins. If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country, you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking. Currency means money in the form of paper.A对B错
Beads， stones， seashells， paper， precious metals such as gold and silver， base metals such as iron have all been used as money. Today， money is printed on paper. A lot of countries use their own currency， with n ames such as dollar， pound， franc， ruble， yuan and so on. Since 2002， 18 of the EU members have replaced their national currencies by Euro notes and coins. If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country, you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking.This best title for this passage is The history of money".
Beads， stones， seashells， paper， precious metals such as gold and silver， base metals such as iron have all been used as money. Today， money is printed on paper. A lot of countries use their own currency， with n ames such as dollar， pound， franc， ruble， yuan and so on. Since 2002， 18 of the EU members have replaced their national currencies by Euro notes and coins. If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country, you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking.Foreign exchange rates have significant impact on the economy of a country.
Beads， stones， seashells， paper， precious metals such as gold and silver， base metals such as iron have all been used as money. Today， money is printed on paper. A lot of countries use their own currency， with n ames such as dollar， pound， franc， ruble， yuan and so on. Since 2002， 18 of the EU members have replaced their national currencies by Euro notes and coins. If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country, you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking.Currency means money in the form of paper.
One of the is sues that have to be resolved in an export transaction is the currency to（）in the payment clause.A、InB、OnC、WithD、At
How should the following UDF be invoked in order to convert US currency values stored in the EXPENSES table into Canadian currency?CREATE FUNCTION getratews11 ( country1 VARCHAR(100), country2 VARCHAR(100) ) RETURNS DOUBLE LANGUAGE SQL CONTAINS SQL EXTERNAL ACTION NOT DETERMINISTIC BEGIN ... END（）A、CALL getratews11('USA','CANADA')B、CALL expenses.getratews11('USA','CANADA')C、SELECT getratews11('USA','CANADA') FROM expensesD、SELECT * FROM TABLE(getratews11('USA','CANADA')) AS convert_currency
Through which action are Currency Codes created？ （）A、 select New Row in Currency Codes applicationB、 select Action Currency Codes in the Database Configuration applicationC、 select an Organization in the Currency Codes application and add a new rowD、 select the Base Currency lookup in the Organizations application and add a new row
You need to meet the requirements of the accounts team. What should you do?（）A、Set the Dimension type to Currency.B、Set the Currency member name as a unique attribute.C、Hide non-leaf data within the Currency dimension key attribute.D、Disable the All member of the Currency dimension key attribute.
单选题This passage is most probably taken from ______.Aa tourist guideBa bank brochureCa booklet about car rentalDa handbook on U.S. currency
单选题Through which action are Currency Codes created？ （）A select New Row in Currency Codes applicationB select Action Currency Codes in the Database Configuration applicationC select an Organization in the Currency Codes application and add a new rowD select the Base Currency lookup in the Organizations application and add a new row
判断题Beads， stones， seashells， paper， precious metals such as gold and silver， base metals such as iron have all been used as money. Today， money is printed on paper. A lot of countries use their own currency， with n ames such as dollar， pound， franc， ruble， yuan and so on. Since 2002， 18 of the EU members have replaced their national currencies by Euro notes and coins. If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country, you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking. Euro is available in all EU member countries.A对B错
单选题One of the is sues that have to be resolved in an export transaction is the currency to（）in the payment clause.AInBOnCWithDAt