An insurer might be sound financially and yet indulge in practices that are detrimental to

from them.

tions combine the relatively small amounts of savings from many individuals and invest the【27】in financial assets. Mutual funds purchase corporate stocks and bonds as well as government securities. Real estate investment trusts invest in【28】and mortgages. Money market funds invest in short - term debt securities. While individual investors can invest directly in such securities, investment institutions【29】small investors diversification and experienced management of their funds. The fourth category consists of financial companies. These companies provide loans directly to consumers and businesses. Sales and consumer finance companies lend to individuals. Sales finance companies finance installment loan purchases of automobiles and other【30】goods. Consumer finance companies provide small loans to individuals and households. The fifth category consists of securities market institutions that are involved in the savings - investment process and the marketing and transferring of claims to wealth. Credit -reporting and credit-rating organizations aid lenders in deciding whether to extend credit to consumers and businesses.

(21)

Write a letter according to the following request.

以甲银行名义，用正式信函格式写一封英文信给乙银行，内容如下：

我们感谢你们寄来我们的对账单。在它第4页上，在2006年1月20日有一个 309 488.61美元的借方余额。我们想提示一下，你们转到我们总行账户上的金额应该是 615 105.94美元，而不是934 594.55美元，那天的余额应为10 000.00美元。请核对此事，立即作调整并通知我们。

ipate, denominations

A person who has a【21】account with a bank can obtain cash in other countries in various ways. The most common method is the purchase of travellers cheques.

He can also use his Eurocheque card as identification to【22】his cheques. Or he can【23】on his account in his own country, which means that the cashier will have to telephone, cable, or telex his branch for confirmation. He will have to【24】the cheque, that is' write his signature on the back. Most of the major banks in Europe【25】in the Eurocheque scheme.

When cashier handle travellers cheques, they must【26】that the counter signature is the same as the signature. The holder must then produce his passport as identification.

When the formalities are completed, the cashier can issue banknotes and coins to the customer, using the current,【27】to calculate how much to issue. Travellers cheques have the advantages of convenience and safety. They can be issued in【28】of 10, 25, 50, 100 and 250,【29】exchange control regulations, they must pay a small【30】, or service charge as it is called in the USA.

(11)

er's bank guarantee as shown in the following chart.

Velocity is the______.

A．rate at which money turns over

B．speed at which checking accounts are converted into cash

C．relationship between the price level and the money supply

D．inverse of GNP

A barter economy is one that does not possess______.

A．any wealth

B．printed currency

C．gold

D．a medium of exchange

Regulation of the money supply and financial markets is referred to as______.

A．fiscal policy

B．monetary policy

C．income policy

D．budgetary policy

The widely followed Dow-Jones Industrial Average is based on______.

A．the stock prices of 500 major U.S. corporations

B．the bond prices of 500 major U.S. corporations

C．a combination of 250 stock prices and 250 bond prices of major U.S. corporations

D．the stock prices of 30 major U.S. corporations