Exercise货币与银行业.docVIP

Exercise 6: Chapter 6 Money and Banking I. Multiple choice 1. Pension funds pool funds so as to provide __A____ income for their members. A. unemployment B. retirement C. relief D. extra 2. A checking account allows its holder to draw his cash ___A___ his account. A. against B. for C. from D. on 3. A check is a written ___C___ for a bank to pay a stated amount of money to the businesses and individuals indicated on the face of the check. A. form B. request C. order D. payment 4. The irrevocable letter of credit helped the exporter obtain the _A_____ from the importer. A. payment B. loan C. contract D. commodity 5. Insurance companies always invest their funds in real estate and government _C_____ and earn profits to pay for insured losses. A. assets B. contracts C. securities D. properties 6. A person can pay his bank to draw up a banker’s acceptance, instructing it to pay the __A____ specified amount at a future date. A. addressee B. addresser C. individual D. business 7. Most lenders require some type of ___C___ for business and personal long-term loans. A. interest B. commitment C. collateral D. limitation 8. When a business extends credit to its customer, it has to determine whether that customer will be willing and able to pay for its __B____. A. goods B. credit purchase C. services D. delivery 9. Banks often charge the _C_____ to blue chip businesses seeking loans. A. discount rate B. primary rate C. prime rate D. major rate 10. The US Federal Reserve System regulates the reserve requirement and the _A_____. A. discount rate B. currency rate C. prime rate D. credit rate II. Explain the key concepts and fill in each of the following blanks with an appropriate words 1. Federal Reserve System 美国联邦储蓄系统 Federal Reserve System is the US government bank responsible for regulating the nation’s banking industry, servin