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
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
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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.
短文理解听力原文： The Chinese currency is the Renminbi. China has maintained a unified managed floating exchange rate since January 1994. The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market. The People' s Bank of China announces a reference rate for the Renminbi against the US dollar, the Hong Kong dollar, and the Japanese yen based on the weighted average price of foreign exchange transactions during the previous day's trading. Daily movement of the exchange rate of the Renminbi against the US dollar in inter-bank foreign exchange market is limited to 0.3% on either side of the reference rate as announced by the PBC. The buying and selling rates of the Renminbi against the Hong Kong dollar and the Japanese yen may not deviate more than 1% on either side of the reference rate. In the case of other currencies, the deviation may not exceed 0.5% on either side of their respective rates.21. When did China begin to maintain a unified managed floating exchange rate?22.Who determines the exchange rate of the Renminbi?23.What is the deviation allowed on daily movement of the exchange rate of Renminbi against the US dollar?(21)A．1992B．1993C．1994D．1995
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
－ Can I exchange foreign currency in Bank of China －() A、No, you can’t. Bank of China is not responsible for exchanging foreign currency.B、Yes, you can. Bank of China is an authorized foreign exchange bank.C、No, you can’t. Bank of China is not open on Sundays.
听力原文：The bank's foreign exchange department has to keep constant track of the positions in the various currencies.(7)A．The bank's foreign exchange department has to record the positions in the various currencies.B．The hank's foreign exchange department has to record the positions in the various currencies.C．The bank's foreign branches department has to record the various foreign currency liabilities.D．The bank's foreign branches department has to record the positions in the various currencies.
听力原文：In foreign exchange transactions, a forward purchase is an undertaking to buy a particular amount of foreign currency for delivery and settlement of a future date.(7)A．A forward transaction is done on a future date.B．A forward purchase is to buy foreign currency in future.C．A forward purchase is to buy a foreign currency with settlement on a future date.D．A forward transaction is to buy a foreign currency on future date.
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.
A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.A．there is no self-correcting mechanismB．currency values become unstableC．the value of the reserve currency declinesD．world inflation increases
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.
Customers trading abroad in foreign currencies may protect against the exchange risk by arranging ______.A．a contract of international sale of goodsB．a contract of marine insuranceC．a forward contract to fix the exchange rate in advanceD．contract for the delivery of goods by installments
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．alterB．varyC．turnD．convert
听力原文：Typical foreign exchange transactions involve trades of one currency for another in the spot or cash market, or forward transactions.(3)A．Forward transactions is not of typical foreign exchange transactions.B．Typical foreign exchange transactions occur in the spot or cash market.C．Forward transactions don't occur in the spot or cash market.D．Typical foreign exchange transactions occur only in the spot market.
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
听力原文：The foreign exchange market operates much like other financial markets, but isn't located in a specific place like a stock exchange.(9)A．The foreign exchange market operates like other financial markets in every respect.B．The foreign exchange market has a specific place like a stock exchange.C．There's no physical market place such as stock exchanges for the foreign exchange transactions.D．The foreign exchange market operates quite differently since the former has no physical market place.
The price in the foreign exchange market is called ______.A．the trade surplusB．the exchange rateC．the money priceD．the currency rate
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
The New York foreign exchange market is a market for exchanging foreign currencies against any convertible currencies.A．RightB．WrongC．Doesn't say
______ is announced in the papers, our country has launched a large scale movement against smuggling and fraudulent activities in foreign currency exchange deals.A.WhatB.AsC.WhichD.That
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.Euro is available in all EU member countries.
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.
判断题The place for the exchange of currencies is both the foreign exchange market and the common market.A对B错
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.This best title for this passage is The history of money".A对B错
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