| What determines the rate of exchange between currencies will be examined later in this booklet, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence in part the term "exchange rate", which was maintained even though other methods of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a banker’s draft drawn in dollars. The bank is able to do this because it will have an account with another bank (called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier. Since there is a danger that the draft may be lost or fall into the wrong hands’ the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the US to pay on behalf of its customer the required sum to the named recipient from the British bank’s dollar account. This mail transfer system is very flexible since the instructions for payment can be varied or elaborated to suit practically every kind of requirement. |
Cars are (21) important part of life in the United States. Without a car most people feel that they are poor. And even if a person is poor he doesn’t feel really poor when he has a car.
Henry Ford was the man who first started making cars in large (22) He probably didn’t know how much the car was going to (23) American culture. The car made the United States a nation on wheels. And it helped make the United States what it is today.
There are three main reasons the car (24) so popular in the United States. First of all, the country is a huge one and Americans like to move around in it. The car provides (25) comfortable and cheapest form of all the means of transportation. With a car people can go to any place without spending a lot of money.
The second reason cars are popular is the fact that the United States has never really (26) an efficient and inexpensive form of public transportation. Long-distance
A. the more
B. better
C. the most
D. fastest
阅读李白《行路难》，回答问题：
金樽清酒斗十千，玉盘珍羞直万钱。
停杯投箸不能食，拔剑四顾心茫然。
欲渡黄河冰塞川，将登太行雪满山。
闲来垂钓碧溪上，忽复乘舟梦日边。
行路难，行路难，多歧路，今安在？
长风破浪会有时，直挂云帆济沧海。
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