1、（简答题） An insurer is a liable to ( ) for damage caused by unforeseeable events or false majeure.

2、（简答题） Swap transactions consist of a （ ） sell or purchase of spot currency accompanied by a purchase or sale, respectively of the same currency for forward delivery.

3、（简答题） Derivatives can be traded bilaterally OTC (mostly individually customized contracts) or ( ) on exchanges (standardized contracts).

4、（简答题） They ( ) income streams beyond the current income period — that is, they have long lives.

5、（简答题） A ( ) is expected to invest clients’ money in a prudent and reasonablmanner in line with the clients’ objectives.

6、（简答题） The ( ) states that the nominal interest rate equals the real interest rate plus the expected rate of inflation.

7、（简答题） From the bank’s （ ） , demand deposit accounts are classified as a transaction accounts that provide a sources of funds that can be used until withdrawn by customers.

8、（简答题） As long as local market regulation does not impose access barriers, participants can connect and trade remotely and （ ） from around the world.

9、（简答题） An increase in the foreign interest rate causes the demand for domestic assets to decrease and the domestic currency to ( ) , everything else held constant.

10、（简答题） Frequently, large non-financial corporations borrow millions of dollars on a single day, only to come back into the money market later in the week as lender of funds due to a sudden （ ） in cash receipts.

11、（简答题） Since the late 1990s, more and more private companies in China （ ） to the securities and futures markets.

12、（简答题） When I purchase （ ） , I own a portion of a firm and have the right to vote on issues important to the firm and to elect its directors.

13、（简答题） In this case, the costs associated with a selling debt are ( ) less than the costs of selling equity.

14、（简答题） The company will further ( ) the exportation of high-end and mid-range Chinese cars exploring 11 overseas markets in South America, the Middle East, and East Europe.

15、（简答题） The checking account of an active business firm （ ）daily between large cash surpluses and low or nonexistence cash balances.

16、（简答题） The federal funds market allows depository institution to ( ) the short-term liquidity needs of other financial institutions.

17、（简答题） The strong ( ) to risk among money market investors is especially evident when there is even a hint of the trouble concerning the financial condition of a major money market borrower.

18、（简答题） Strong-forms efficiency states that current market prices reflect all （ ） information, where is publicly available or privately held.

19、（简答题） Foreign exchange dealers in forex markets do not meet in a particular location but keep in touch via telephone, telex, and other more （ ） forms of electronic communication.

20、（简答题） The broker never takes title, but can take （ ） of the commodity being traded

21、（简答题） In the case of securities, underwriting means （ ） to buy them at the guaranteed future price.

22、（简答题） （ ） work in the secondary markets matching buyers with sellers of securities.

23、（简答题） An increase in the time to the promised future payment ( ) the present value of the payment.

24、（简答题） Prices and returns for ( ) bonds are more volatile than those for short-term bonds, everything else held constant.

25、（简答题） They are the beginnings of the participation by the investment banks, on a ( ) scale, in industrial restructuring on capital and other financial markets.