题目内容
（请给出正确答案）
A．passbooks
B．signature books
C．general ledgers
D．remittance orders
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更多“When two banks agree to be cor…”相关的问题
Invoice value of the goods, unit prices and quantities agree with the credit specification.
Banks ( ) are/( ) (are not) responsible for checking detailed extension or mathematical calculation.
？Read the article below about macroeconomic policies.
？Choose the best sentence from the opposite page to fill each of the gaps.
？For each gap 8--12, mark one letter (A--G) on your Answer Sheet.
？Do not use any letter more than once.
MACROECONOMIC POLICIES
For most countries, the following four principal objectives of economic policy would apply: (1) Maintenance of employment at a high level. (2) Stable prices. (3) Economic growth. (4) Balance of payments equilibrium. These objectives are sometimes extremely difficult to achieve. A high level of employment, for example, tended to push wages and hence prices up. It also created an imbalance between exports and imports. Furthermore the competition among firms for labor tended to reduce labor productivity since workers were not always fully employed.
Government will differ in the emphasis they place on each of the above objectives. (8) . At times when inflation was high, great stress was placed on bringing it down, but this had severe effects on jobs and on economic growth. The pursuit of an expansionary policy very often resulted in an increase in GDP and a fall in the level of unemployment; but was accompanied by a marked rise in the rate of inflation and a serious balance of payments deficit.
In carrying out its economic policy, the government uses two principal means--fiscal policy and monetary policy. (9) Monetary policy is broadly neutral in its effects whilst fiscal and other measures can be used more discriminately--the redistribution of incomes and lower rates of corporation tax for small businesses are two examples.
Government regulation of the money supply is important for economic stability. Banks will wish to keep excess reserves when they do not foresee profitable and secure opportunities to make loans. This is likely to happen during the downswing and around the bottom of a business contraction. (10)
During a recession, profit-oriented banks tend to reduce the money supply by increasing their excessive reserves if the central banks did not intervene. (11) .
On the other hand, banks will want to squeeze possible money supply out of any given amount of cash reserves by keeping their reserves at the bare minimum when the demand for bank loans is buoyant, profits are high, and many investments suddenly start to look profitable. (12) The authorities must intervene to prevent this. The monetary authorities can exercise monetary control in two ways: either they can attempt to control interest (i. e. the price of money) or they can endeavor to control the money supply.
A Fiscal policy is concerned with taxation, subsidies and government spending; monetary policy, in contrast, is concerned with interest rates, the money supply and bank lending.
B As the money supply is an important influence on aggregate demand such a contraction of money supply would exacerbate the severity of the recession.
C This reduced incentive to hold excess reserves in prosperous times means that during an economic boom, the behavior. of profit-oriented banks is likely to make the money supply expand, adding undesirable momentum to the booming economy and paving the way for a burst of inflation.
D These objectives are sometimes extremely difficult to achieve.
E When this occurs, the prosperity of banks to hold excess reserves will turn the money creation process into one of the money destruction.
F For many years the main emphasis was on employment and balance of payments, but this adversely affected the pursuit of stable prices and economic growth.
G When adopting monetary policy, the central bank usually takes action to change the equilibrium of the money market, that is, to alter the money supply, move the interest rate, or do both.
(8)
听力原文： Trade between countries is one of the most important economic activities in the world today. The U.S. has many trading partners, one of the most important is Japan. The trade between the two countries amounts to several billion dollars a year. Many U.S. banks therefore have offices in Japan, particularly in Tokyo and Osaka, the largest cities. Jean McPherson is the manager of' one of those for branch banks in Tokyo.
Jean majored in accounting and business administration in college. After graduation she got a job with a large New York bank. After two years in accounting, she was transferred to the loan department. Many of the loans which she was asked to consider involved international transactions. Some of them were so complicated that Jean felt she didn't have a broad enough background to understand them.
To get more experience, she asked for a transfer to the bank's international department. She became so expert in international finance that it became her career. When the bank decided to open a branch in Tokyo, Jean was selected to set it up and run it for the flint few years. She has been in Tokyo for more, than three years now.
(33)
A．She is a trading representative of the U.S. in Tokyo.
B．She is a government official of the U.S. in Tokyo.
C．She is the manager of an American bank in Tokyo.
D．She is the manager of a Japanese bank in Tokyo.
【M1】
The people of Bali were happy and gay and had a peaceful life. They were not allowed to fight. At one time there had been terrible wars on Bali. Then the people decided it was wrong to fight or have wars. They made rules to keep apart those people who wanted to fight.
Bali was divided into seven small kingdoms. The land around each kingdom was kept empty, and no one lived there. Since the kingdoms did not share the same borders, the people could not fight about them.
On Bali, even children were not allowed to fight. If two children started a fight over a toy, someone separated them. When two boys argued, they would agree not to speak to each other. Sometimes they did not talk together for months. This gave the boys a chance to forget their anger.
Families who were angry with each other also promised not to speak. Their promise was written down, and the whole village knew about it. If they broke their promise, they had to offer gifts to their gods.
Bali is an island belonging to ______.
A．India
B．Africa
C．Asia
D．America
The two banks have announced plans to merge next year.
A．combine
B．close
C．break
D．sell
When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead, he sells his shares through a stockbroker to some other savers who is earnest to invest his money.
A lot of the services needed both by industry and by each of us are provided by the Government or by local authorities. The governments at all levels furnish us with hospitals, roads, electricity, telephones, equipment and other new development. The money raised through taxes alone can't serve us properly. The government, local authorities, and nationalised industries therefore frequently need to borrow money to support major capital expenses, and they too, come to the Stock Exchange.
There is hardly a man or woman in this country whose job or whose living standard does not rely on the ability of his or her employers to raise money to finance new development. In one way or another, the money needed must be gathered from the public at home or abroad. The Stock Exchange exists to supply a channel through which these savings can reach those who need finance.
Almost all companies involved in new production and development must ______.
A．depend on their own financial resources
B．invite the banks to provide long-term finance
C．borrow large sums of money from friends and people they know
D．rely on the population as a whole for finance
A bank run occurs when______.
A．a bank is closed for one or more days
B．too many depositors attempt to draw out their money at one time
C．there is not enough money to pay all of its depositors at one time
D．employees of a bank take their own funds out of the bank
A.persuade the banks to provide long-term finance
B.rely on their own financial resources
C.borrow large sums of money from friends and relatives
D.depend on the population as a whole for finance
