Foreign exchange is convertible currency but foreign to the holder.A.RightB.WrongC.Doesn't
Foreign exchange is convertible currency but foreign to the holder.
A.Right
B.Wrong
C.Doesn't say
Foreign exchange is convertible currency but foreign to the holder.
A.Right
B.Wrong
C.Doesn't say
What is the important function of" the foreign exchange market mentioned in the passage?
A.Its main function is to reduce the risk of fluctuating exchange rates or a change in the parity of currencies.
B.The foreign exchange market can protect the traders against loss through exchange rate fluctuations.
C.The foreign exchange market is the mechanism through which foreign currencies are traded.
D.The important function of the foreign exchange market is to uniform. the currency being traded and circulate the knowledge of price changes.
(8)
A.Banks make money in foreign exchange business because of profit margin.
B.Banks make money from the price spread in the foreign exchange market.
C.Banks make money in foreign exchange business on profit as well as on volume.
D.Banks make money in foreign exchange business because of the great volume.
(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.
The price in the foreign exchange market is called ______.
A.the trade surplus
B.the exchange rate
C.the money price
D.the currency rate
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
In order to (56) foreign exchange administration, maintain strong balance of payments position, China (57) the Regulations on Foreign Exchange Administration on January 29,1996. The State Administration of Foreign Exchange is the agency responsible for foreign exchange administration. The SAFE has a similar branch structure with that of the People's Bank of China, China's central bank. The Bank of China (58) the principal foreign exchange bank. Other banks and financial institutions, (59) affiliates of non-resident banks, (60) designed transactions with the approval of the SAFE.
(41)
A.develop
B.improve
C.change
D.conduct
(2)
A.The Bank of China is not a state-owned enterprise.
B.The Bank of China is a foreign exchange bank.
C.The Bank of China is not a foreign exchange bank.
D.The Bank of China is not very important.
In London, a premium on a foreign exchange rate means ______.
A.the foreign currency is dearer
B.the foreign currency is cheaper
C.the foreign currency is less valuable
D.it has no relevance at all
A.Right
B.Wrong
C.Doesn't say
A.Right
B.Wrong
C.Doesn't say