【正文】 ts　B. issuance of equity securities (capital stock)　C. issuance of debt securities ( bond, notes, mortgages)　D. redemption of debt39. When a bank holds some valuables on behalf of its customer, the relationship between the bank and customer is ___________. A. debtorcreditor　B. bailorbailee　C. principalagent　D. trustortrustee 40. The red clause documentary credit is often used as a method of ______.A. providing the seller with funds prior to shipmentB. providing the buyer with funds prior to shipmentC. providing the seller with funds after shipmentD. providing the buyer with funds after shipmentSection Two (10%)Directions: There are 10 blanks in the following passages. For each blanks there are four choices marked A, B, C, D. You should choose the best answer.Passage One Commercial banks ___41______many functions, some central to their main role in the economy and others more peripheral. Although lending and deposit _____42______have been the epicenter of mercial banking, the last few years have witnessed a _______43_______in both the types and the volume of banking services. This surge has ____44____in part by government _____45_____,but most importantly by petitive pressures.41. A. do B. entailC. perform D. work. allocating B. taking C. saving D. mobilizing. increase B. improvement C. decrease D. surge. been induced B. caused C. attributed D. been. relaxation B. Control C. Regulation D. deregulationpassage Two There are generally several types of credits. A(n) ___46____ guarantees payment to the beneficiary, provided that the credit terms and conditions are met and the standing of the advising bank in the beneficiary39。s equity accounts are recorded by debits　B. increases in liabilities and owner39。s balance sheet. Questions 2426 are based on passage 2　 24. A. Short term loans without guarantees by banks.B. Long term loans without guarantees by their respective governments.C. Long term loans under guarantees by their respective governments.D. Medium term loans under guarantees by their respective banks.25. A. International banks. B. industrial nations.C. Syndicates of international banks. D. Developed countries.26. A. Yes, they are. B. No, they are not.C. Yes, they are. They represent unusual risk to banks.D. No, they are not. They represent usual risk to banks.Questions 2730 are based on Passage 3　 . 146 B. 159 C. 194 D. 16828. A. US$ billion B. US$ . C. US$ billion. D. US$ billion. 229. A. Allowing more foreign banks to do RMB business in Pudong.B. Extending the experimentation to Shenzhen.C. Increasing the limit on the RMB position of the foreign banks on a casebycase basis.D. All of the above.. To introduce new products and expertise.B. To improve efficiency in financial intermediation.C. To introduce more foreign capital into China.D. Both A and BPart two 　　Reading Section One (10%)Directions: There are ten statements in this section. For each statement there are four choices marked A,B,C, should choose the best answer.31. Which activities are not the investment banking activities? 　A. underwriting new issues　B. financial advising　C. dealing and broking　D. savings39。s location.C. The bank39。 cash and transactions of the day.D. She pays a visit to the Auditing Department. . About remitting money. B. About getting a bill of exchange.C. About discounting a bill of exchange. D. About quotation of buying rate. 16. A. she definitely accepted the request.B. She will not do what the man requested.C. She will use her car. D. She definitely refused the request.17. A. How to get a ticket to Paris. B. How to go to Paris.C. How to transfer money to Paris. D. How to fill the form.18. A. To open a current account. B. To open a savings account.C. To cash her cheques. D. To draw money from her savings account. . 5% B. 3% C. 8% D. 6% 20. A. The interest rate will be lowered B. The interest rate will be stable.C. The interest rate will increase. D. The interest rate will be floating.Section Three (10%)Directions: In this section, you will hear 3 short passages. At the end of each passage you will hear some questions about what was said. The passages and questions will be spoken only once. During the pause, you must read the four suggested answers marked a, b, c, and d, and decide which is the best answer Questions 2123 are based on passage 1　 21. A. 4:00 . B. 5:30 . C. 6:00 . D. 6:30 .22. A. He goes to concerts. B. He visits his friends.C. He meets his customers. D. He works at home. 23. A. The bank39。 Bank.　　B. The Bradlays39。 Bank?W:No, we don39。s agent will confirm the L/C.C. The credit will be opened by our bank39。s cheques.C. I wish to pay cash for my expenses here.D. I wish to pay for my traveller39。s Bank of China may act as a financial guarantor fororganizations or individuals. D. The People39。s Bank of China may not provide loans for organizations or individuals. B. The People39。s Bank.D. Please inform Barclay39。s bank on due date.B. Please claim the bill amount on Barclay39。Test2Part One 　　　　　　　　　ListeningSection One (10%)Directions: In this section you will hear 10 short statements. Each statement will be spoken only once. After each statement there will be a pause. During the pause, you must read the four suggested answers marked a, b, c and d, and decide which is the best you will hear the example:　　She went to the bank with Mr. Smith.You will read:　　A. She went home. 　　　　　　　 went to the bank.　　B. She liked Mr. smith.　　　　　　 went to Mr. Smith39。s house.Statement C, She went to the bank is the closest in meaning to the statement She went to the bank with Mr. Smith. Therefore, you should choose answer C. Now listen to the statements. 1.　A. Fi