redound one’s credit（英译中)

A.A. Seller's liabilities for payment

B.B. L/C is a document transaction

C.C. Buyer's liabilities for payment

D.D. L/C is a cargo transaction

A.it

B.that

C.those

D.them

A. The face value of the credit is USD10,000.00.

B. The face value of the credit is USD60,000.00.

C. The amount (s) not utilised in one month may be carried over to the next.

D. The total undertaking of the Issuing Bank is USD60.000.00.

(1)( ) A and C only (2)( ) A and D only

(3)( ) B and C only (4)( ) B and D only

M: Yes, that's right.

Q: Which of the following is not one form. of demand deposits？

(13)

A．Cashier's.

B．Savings certificate.

C．Cash letters of credit.

D．Certified cheeks.

听力原文： Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman's bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.

25. What do the back-to-back credits consist of？

26.In which situation do the back-to-back credits apply？

27.In whose favor is the back-to-back credit issued.？

(25)

A．It consists of one commercial credit and one standby credit.

B．It consists of two entirely separate documentary credits.

C．It consists of a credit and some commercial documents.

D．It consists of a bill of exchange and a bill of lading.

短文理解

听力原文： A standby credit letter (SCL) is a contingent obligation of the letter's issuer. The issuing bank agrees to guarantee the credit of its customer or to guarantee the fulfillment of a contract made by its customer with a third party. The issuing bank earns a fee from providing the service of SCL. In general, the fee is relatively low and usually around 0.5 percent to 1 percent of the amount of credit involved due to the following reasons. On the one hand, the issuing bank may have previously analyzed the financial condition of its standby credit customer, and the probability is low that the issuer of the credit guarantee will ever be called upon to pay. On the other hand, the issuing banks carry zero reserve requirements and avoid the booking of additional assets, which would also require each bank to acquire more capital.

21. Is SCL same as revocable letter of credit according to the passage？

22.What will the issuing bank do for a standby credit letter？

23.Why is the service fee of SCL relatively low？

(21)

A．almost the same one

B．rather different

C．a little different

D．doesn't mention

Passage 1

Back in the carefree days of the Noughties boom, Britain’s youngsters were swept along by the buy-now-pay-later culture embraced by consumers up and down the country. During a decade of near？full employment, many _1_ quickly from one job—and one credit card—to another, and rainy days were such a distant memory that they _2_ seemed worth saving for. But with the supply of cheap credit _3_ up and a generation of school and university leavers about to _4_ the recession-hit job market, thousands of young people with no memory of the early 1990s recession are shocked into the _5_ that the world of 2009 is very different. Katie Orme, 19，who lives in Birmingham, says she has decided never to get a credit card after seeing the problems that her parents and 22year-old sister have had with debt—just one of the _6_ lessons that she has had to learn. Orme finished her A-levels a year ago, and has been searching for a job—and living at home with her parents—ever since. She has had to _7_ on to support herself and is now on a 12-week internship (实习期）at the Prince’s Trust to improve her _8_ . The Trust says that the number of calls from _9_ people such as Orme has shot up by 50% over six months. “It’s so hard to get a job at the moment,” she says, “it’s better to go and get more qualifications so when more jobs are _10_ you will be better suited.”

A) sign

B) skipped

C) available

D) mostly

E) anxious

F) mug

G) hardly

H) remedy

I) realization

J) dynamic

K) resume

L) tough

M) neglected

N) drying

O) flood

第1空答案是：