[简答题]foreign exchange

[简答题]foreign exchange

[单项选择]Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modem practice, local currency and legal tender. Foreign exchange typically is not legal tender and is therefore not acceptable in exchange for goods and services to whom it is being offered; hence, the desire to exchange it into something closer to home in terms of acceptability. Foreign exchange markets are nearly always markets that convert issues of foreign money for local units. The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. It is possible in New York to exchange French francs for Swedish kronor, but the normal practice would be to sell French francs for U.S. as a first step and then to sell US dollars and buy Swedish kronor as a second step in order to complete the transaction. Markets in other countries would be similar in structure and mechanical operation.
Foreign exchange is convertible cu
A. Right
B. Wrong
C. Doesn’t say

[填空题]A—exchange rate B—foreign exchange certificate
C—selling rate D—change
E—credit card F—currency
G—service charge H—traveler’s cheque
I—mail transfer J—Bank of China
K—coin L—remittance
M—cash N—ATM
O—memo
( )自动取款机 ( )货币

[简答题]外汇(Foreign Exchange)

[简答题]In order to improve foreign exchange administration and maintain strong balance of payments position, China promulgated the Regulations on Foreign Exchange Administration on January 29, 1996.

[简答题]Foreign exchange includes various means of payments and assets denominated in a foreign currency that can be used for international settlement.

[填空题]

A—exchange rate；B—foreign exchange certificate
C—selling rate；D—change
E—credit card；F—currency
G—service charge；H—traveler’s cheque
I—mail transfer；J—Bank of China
K—coin；L—remittance
M—cash；N—ATM
O—memo

（）手续费；（）中国银行

[单项选择]A financial market consists of foreign exchange market, money market, bond market and equity market. The last two markets usually fall into the category of ______.
A. preferred stock market or liquidation market
B. stock market or debt market
C. securities market or capital market
D. securities market or liquidation market

[多项选择]Discuss with your partner about foreign exchange risk
· What is foreign exchange risk
· Why does risk arise
· According to what is foreign exchange exposure categorized