问题 单项选择题

某商业银行签订买入500万美元的即期合约,同时又签订一年后卖出500万美元的远期合约,该银行使用的是( )交易方式。

A.货币互换

B.期限互换

C.利率互换

D.期权互换

答案

参考答案:B

解析:期限互换是把方向相反的远期和即期交易结合起来进行的外汇买卖,若即期卖出一定数额的某种货币,那么同时签订一个买进同样数额的同种货币的远期合同,反之亦然。

填空题

Part 4


Questions 26-45


·Read the following passage and decide which answer best fits each space.
·For questions 26-45, mark one letter A, B, C or D on the Answer Sheet.
Participation (26) high school sports is not a constitutional right. (27) , it is a privilege, paid for by taxpayers, open to students who promise to (28) certain conduct requirements on and off the field. One of these promises is to (29) from using drugs. Drug use is a serious problem among high school students. Studies show that as many as 500, 000 high school students use muscle-pumping, life-destroying substances such as steroids. Many more use illegal drugs, (30) cause discipline problems and (31) the stage for lifelong (32) .
Drug testing works to (33) and identify use. That is why drug testing is required to compete in the Olympics, the National Collegiate Athletic Association and the National Football League. (34) drug testing was instituted by these organizations, use of performance- (35) drugs has been greatly reduced. We should want (36) in schools.
Indeed, many athletes (37) testing programs, and no wonder. Without testing, athletes have to choose between drug use and a competitive disadvantage (38) the field.
Those who challenge the need for drug testing may be forgetting (39) it is like be an adolescent. Peer pressure is enormous, and one of the few effective counter-weights is the fear of being caught. More importantly, once drug use is (40) , a school can (41) to the student before he or she gets addicted or arrested.
For 25 years, public schools (42) by federal judges and civil libertarians, with results everyone can see. It is time (43) decisions on how to run public schools locally (44) officials. There is nothing unconstitutional about asking those who gain the advantages of school-sponsored athletics to contribute to the safety of other players, the integrity of the game and their own well-being. The Supreme Court should leave these programs (45) .

A.nothing more

B.nothing less

C.something less

D.something more

填空题