Keys o Exercises andPractices1.docVIP

Exercises and Practices Chapter 1 Introduction Exercises: Put the following phrases into English。 贸易壁垒 trade barrier 进口关税 import tariff 全球经济一体化 economic globalization 资金转移 fund transfer 有形贸易 tangible trade 无形贸易 intangible trade 国际惯例 international customs and practices 全球金融同业通讯协会 SWIFT Put the following sentences into English. 国际结算涉及有形贸易和无形贸易，外国投资，从其他国家借贷资金等。The international settlement involves tangible trades, intangible trades, foreign investments, funds borrowed from or lent to other countries and so on. 许多银行注重发展国际结算和贸易融资的业务。Many banks have focused on their business of international settlement and trade finance. 大多数国际间的支付来自于世界贸易。Most of the international payments originate from transactions in the world trade. 一般来说，国际结算的方式分为三类：汇款，托收和信用证。Usually the international settlement is divided into three broad categories: remittance, collection and letter of credit. True or False (1) International payments and settlements are financial activities conducted in the domestic country. ( F ) (2) Fund transfers are processed and settled through certain clearing systems. ( T ) (3) Using the SWIFT network, banks can communicate with both customers and colleagues in a structured, secure, and timely manner. ( T ) (4) SWIF can achieve same day transfer. ( T ) (5) Risk management strategies should be taken into consideration when rating correspondent banks. ( T ) Multiple Choice SWIFT is B in the United States. A kind of communications belonging to TT system for interbank’s fund transfer. An institution of the United Nations. A governmental organization. SWIFT is an organization based in A A. Brussels B. New York C. London D. Hong Kong A facility in fund arrangement for buyers or sellers is referred to A A. trade finance B. sales contract C. letter of credit D. bill of exchange Fund transfers are processed and settled through C A. banks B. SWIFT C. clearing systems D. telecommunication systems C