There are ten blanks in this part. In each blank, you should put a word given below in its proper form.
很郁闷Premium financial loss policyholder transfer the insurer
A price rerve the insured possible individualwt
Insurance is an arrangement by which one party (1) promis to pay another party ( (2) or policyholder ) a sum of money if anything happens which caus the insured to suffer a (3). The responsibility for paying such loss is then (4) from the policyholder to insurer. In return for accepting the burden of paying for loss when they occur, the insurer changes the insured (5), the insurance premium.
Insurance works becau the insurer can collect (6) from a group of people in similar circumstances, not all of whom will suffer loss in any one year. The premiums are then pooled together, and ud by the insurer to pay loss. Loss are thus shared out among all the (7) rather than borne solely by the unlucky few.
吸血鬼日记第四季第七集Nowadays insurance not only shares loss among (8) and organizations, it also spreads them over time. This is (9) becau in years when loss are, insures can build up (10) (out of premium contributions and their investment earnings) that can subquently be ud in more difficult years.
Keys
1.The insurer
2.The insured
3.Financial loss
4.Transferred
5. A price
6.Premium
7.Policy holders
8.Individuals
9.Possible
10.Rerves
Liquidity risk aris from the inability of a bank to accommodate unexpected decreas in (1) or to fund increas in (2). When a bank has (3) liquidity, it cannot obtain sufficient funds, either by increasing liabilities or by (4) asts promptly, at a reasonable cost, thereby affecting profitability. In extreme cas, insufficient liquidity can lead to the (5) of a bank.
1. A. liabilities B. asts C. sufficiency D. supply
2. A. liabilities B. asts C. efficiency D. profitability
treo3. A. adequate B. inadequate C. accurate D. inaccurate
4. A. changing B. exchanging C. converting D. turning
5. A. efficiency B. ability C. solvency D. insolvency
Key
1. A
2. B
3. B
ets4. C
5.D
There are ten blanks in this part. In each blank, you should put a word given below in its proper form.
trade above expiration respond strike
Profitable ller how most financial
In general, an option gives to the buyer the right, but not the obligation, to buy or ll a good, whereas the option ller must (1) accordingly. Many different types of option contracts exist in the (2) world. The two major types of contracts (3) on organized options exchanges are calls and puts.
A call gives to the buyer of the option contract the right to buy a specified number of units of an underlying ast, at a specified price called the exerci or (4) price, on or before a specified date called the expiration date or strike date. A put gives it’s the buyer the right to ll a specified number of units of an underlying ast at a specified price on or before a specified date. In all cas the (5) o
f the option contract, the writer, is subordinate to the decision of the buyer, and the buyer exercis the option only if it is (6) to him or her. The buyer of a call benefits if the price of the ast is (7) the exerci price at expiration. The buyer of a put benefits if the ast price is below the exerci price at expiration.
The complete definition of an option must clearly specify (8) the option can be exercid. A European-type option can only be exercid on a specified date, usually the (9) data. An American-type option only be exercid by the buyer at any time until the expiration date. American options are ud on (10) of the organized options exchanges in the world. Both types of options can be freely traded at time until expiration.
Key
1. respond
2. Financial
tfs
3. Traded
4. Strike
5. Seller
6. profitable
7. Above
fragile
8. Bow
9. Expiration 10. Most
span
provisionsThere are ten blanks in this part. In each blank, you should put a word given below in its proper form.
Entries objective evidence available much confidence
Bad debts invoice factors forecasts external
The objectivity principle requires that entries in the accounting records be bad on (1) as far as possible, such as statements issued by (2) organizations. If this principle is ignored, the (3) of urs of the financial statements could not be maintained. For example, evidence such as (4), bank statements, and other objective evidence supports the accounting (5) and records. In some cas, ju
dgments, estimates and other (6) must be ud in preparing financial statements. In the circumstances, the most objective evidence (7) should be ud. For example, the provision for (8) is an estimate of loss expected from credit sales collection. The estimations should be bad on objective factors as (9) as possible, such as the company’s past experience with bad debts and economic (10).
Key
1. objective evidence
2. External
3. Confidence
好看的外国电影推荐4. Invoices
5. entries
6. Factors
7. Available
8. Bad debts
9. much 10. forecasts
There are ten blanks in this part. In each blank, you should put a word given below in its proper form.
Loan function maintain deposit with
Liquidity alone safety require confident
Loans, generally speaking, are made not from the bank’s own resources but from the funds deposited to it by its customers, hence commercial banks must always (1) a delicate balance among the three objectives of liquidity, safety and profitability in the daily management of funds. Each of them can never be considered (2) though the paramount importance of liquidity must be recognized.
For a bank, the term “liquidity”is chiefly concerned (3) the ability to meet demands for payments of deposits at any time. However, the need for (4) is not bad entirely on the deposit function; it is also cloly tied to the credit (5), that is, the obligation of every bank to rve the credit (6) of its customers and the community. Liquidity also enables a bank to provide for the (7) requirements of its long-established customers who enjoy good credit standing. In addition, it is equally esntial that th
e banks take every possible measure to protect the funds (8) by depositors who must be made to feel that funds left with the bank are (9) at all time. Lastly, a bank should always try its best to improve its annual net income which will increa the (10) of its depositors and the public.
Key
1. maintain
2. Alone
3. With
4. Liquidity
5. Function
6. requirement
7. Loan
8. Deposited
9. Sate 10. Confidence
