Which of the following is implied in the passage?

A．A very important purpose of bank-supervision is to provide adequate capital for their operation.

B．A very important purpose of bank-supervision is to ensure banks to operate with adequate capital.

C．A very important purpose of bank-supervision is to put additional restrictions on the banks' operations.

D．A very important purpose of bank-supervision is to concentrate on risks.

Banks in international lending face the risks common to all banks: liquidity risk, interest rate risk, credit (asset) risk, and contingent liabilities risk.

A．Right

B．Wrong

C．Doesn't say

Arbitrageurs in the futures markets are those people who ______.

A．take on the risks that hedgers want to shed

B．seek to hedge their risks

C．make the futures prices move in accordance with other markets

D．all of the above

In the second paragraph, the word "liquidate" probably means ______.

A．wind up a company and pay back debts

B．manage the company

C．diversify

D．vote for a major decision

听力原文：M: I want to apply for a credit card. What are the common credit cards?

W: Master Card, Visa, Discover, and American Express. Apply for the ones without annual fees. Some credit cards even pay you back about 1% - 2% of what you spend.

Q: Which type of credit card is not mentioned in the conversation?

(19)

A．Smart Card.

B．Master Card.

C．Visa Card.

D．American Express.

听力原文：The owners of limited companies are people who have bought shares in the company.

(6)

A．The shareholders are the owners of limited companies.

B．Shareholders deposit their money in the limited companies.

C．The shareholders can sell shares of limited companies to the public.

D．Shareholders of limited companies are able to make profits continuously.

Standby letters of credit are relatives of documentary letters of credit because ______.

A．they are very similar to ordinary letters of credit in operation

B．the issuing banks undertake to pay

C．they are normally accompanied by evidences of transactions such as non-negotiable copies of B/L or other documents

D．they call for all kinds of normal documents