首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Read the article below about education and answer the questions. For each question 23 — 28, choose the correct answer. M
Read the article below about education and answer the questions. For each question 23 — 28, choose the correct answer. M
admin
2013-06-12
53
问题
Read the article below about education and answer the questions.
For each question 23 — 28, choose the correct answer.
Mark one letter(A,B or C)on your Answer Sheet.
Chinese currency is the Renminbi(RMB). It is also known as "yuan". The sign of it is " ¥ ", the same as that of Japanese currency. But Japanese currency is called "yen".
The Renminbi, China’s legal tender, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued by the State Administration of Exchange Control. China operates foreign exchange in a unified way, with the State Administration of Exchange Control exercising the functions and powers of exchange control.
Before 1994, the Chinese government managed the system as a dual-track foreign-exchange system . The dual-track system provided for two government-approved exchange rates, one was the official exchange rate, the other was the swap-market rate. The State Administration of Exchange Control(SAEC)set the official exchange rate for the RMB based on China’s balance of payments and the exchange rates of her major competitor countries, such as South Korea. In 1986, the SAEC first set the official rates at 3.72 RMB per dollar.
Primarily state-owned companies used the official exchange rate, mostly to buy Foreign Exchange Certificates(FECs). FECs are a separate form of currency developed in 1980 for the foreigners to use when they paid for their expenses in China. But, in 1994, the People’s Bank of China stopped issuing FECs and gradually withdrew them from circulation.
The swap market, the other half of the dual-market system, was created in Shenzhen(the newly-built modern city located opposite Hong Kong)in 1985 for foreign and local businesses that had received official approval to exchange RMB and hard currency, there were quite a lot of swap centres, the one in Shanghai being the largest. During that period, about 80% of the hard-currency transactions in this country took place in the swap market. The swap rate was 8.7 RMB per dollar. The dual-track foreign exchange system was not favorable to China’s international trade and affected China’s application for joining the WTO. So in 1994 the Chinese government decided to close the swap centres. The swap centre in Shanghai was replaced by the National Foreign Exchange Centre, which is a national inter-bank centre at which authorized banks can trade and settle foreign currencies.
The dual-track foreign exchange system______.
选项
A、provided two kinds of exchange rates
B、provided double foreign exchange ways. One is the government’s rate, the other is private company’s rate
C、provided three ways to make payments
答案
A
解析
原文是:“The dual-track system provid-ed for two government—approved exchangerates,one was the official exchange rate,the other was the swap-market rate.”由此可见,双轨制度产生了两种政府认可的汇率;一种是官方汇率;另一个是市场交易汇率。选项B中的叙述有问题。
转载请注明原文地址:https://kaotiyun.com/show/JlbO777K
本试题收录于:
BEC初级阅读题库BEC商务英语分类
0
BEC初级阅读
BEC商务英语
相关试题推荐
Readthearticlebelowaboutjobinterviewsandthequestions.Foreachquestion(13-18),markoneletter(A,B,CorD)onyour
Readthearticlebelowaboutplanningforexhibitions.ChoosethebestsentencefromthelistA-Gtofilleachofthegaps.For
ReadthearticlebelowaboutthehistoryofCocaColaandthequestions.Foreachquestion(13-18),markoneletter(A,B,Cor
Readtheletterbelow.ChoosethebestwordtofillineachgapfromA,B,CorDontheoppositepage.Foreachquestion19—33
—Readthearticlebelowaboutpublicimage.—Choosethebestwordtofilleachgap,fromA,B,CorD.—Foreachquestion19—33,
—Readthearticlebelowaboutpublicimage.—Choosethebestwordtofilleachgap,fromA,B,CorD.—Foreachquestion19—33,
NewZealand’shighestearningexportsareKiwifruitaretransportedfromfarmstoportsby
NewZealand’shighestearningexportsarePeterBullsaysthattheKMBwassetupinordertoincrease
•Readthefollowingpassageabouttraffic.•Arethesentences(16-22)"Right"or"Wrong"?Ifthereisn’tenoughinformationtoans
Thetrafficwasentirely______becauseofaseriesoftrafficaccidentsontheroad.
随机试题
知我不羞小节而耻功名不显于天下也。羞:
完全随机设计资料方差分析的变异分解为
A.肢位位置试验(Buerger试验)B.硫酸镁静脉滴注试验C.交感神经阻滞试验D.下肢动脉搏动试验E.动脉造影
构成人类环境的主要因素有
下列关于公司风险管理的成本与效益分析,表述正确的是()。
四川盆地
在社会服务机构的志愿者绩效评估中,评估资料的收集应该侧重于()。
努力推动经济社会又好又快发展就是要保障发展的(),坚持以人为本,使发展成果由广大人民共享,防止收入分配差距过大.出现两极分化。
零点集团针对全国30个直辖市或省会城市居民的环保意识和环保行为,进行了“中国公众环保指数”调查。2010年中国公众环保指数得分为69.5分。较之2005年(68.1分)和2007年(69.1分)维持稳定局面,但仍未破七,当前大的环保环境和公众环保内驱力还
Jameshadtoreachtheairportathalfpasteight.Theplanecrashedshortlyafterittookoff.
最新回复
(
0
)