1、（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.

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

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

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

5、（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.

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

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

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

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

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

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） 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demand deposit accounts are classified as a transaction accounts that provide a sources of funds that can be used until withdrawn by customers.

13、（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.

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

15、（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.

16、（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.

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

19、（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.

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

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

22、（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.

23、（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.

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

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