[单项选择]When one party pays a fixed rate of interest in an equity swap, which of the following is FALSE（　）
A. Unlike other swaps, in an equity swap the one-quarter-ahead payment is not known at the end of the previous quarter. 
B. The equity-return payer will receive the fixed-rate minus the equity return. 
C. The fixed-rate receiver will never get more than the fixed rate.

[单项选择]When the rate of inflation exceeds the rate of return on the most profitable investment available, the difference between those two rates will be the percentage by which, at a minimum, the value of any investment will decline. If in such a circumstance the value of a particular investment declines by more than that percentage, it must be true that______.
Which one of the following logically completes the argument
A. the rate of inflation has risen
B. the investment in question is becoming less profitable
C. the investment in question is less profitable than the most profitable investment available
D. the rate of return on the most profitable investment available has declined
E. (E) there has been a chance in which particular investment happens to be the most profitable available

[单项选择]A major problem with a fixed exchange rate system is that when countries run foreign trade deficits, ______.
A. there is no self-correcting mechanism
B. currency values become unstable
C. the value of the reserve currency declines
D. world inflation increases

[简答题]固定汇率制(Fixed Exchange Rate System)与浮动汇率制(Floating Exchange Rate System)

[单项选择]According to INCOTERMS 2010, when the seller pays for all charges up to an including the loading of a consignment on board the carrying vessel, the term is（）.
A. DDP
B. FCA
C. FOB
D. CIF

[填空题]How did the author feel when he saw one paper with a failing grade

[填空题]Note: When more than one answer is required, these may be given in any order. Some choices may be required more than once.
A=KA Superba B=KD Continental C=MTB2456
Which refrigerator ...
· is old fashioned in style but designed with many doors to save energy 21. ______
· is top-mounted and cheaper than the other two kinds of refrigerators 22. ______
· is of a side-by-side model with convenient features for all the family members 23. ______
· consumes the most amount of energy annually 24. ______
· offers a convenient paddle to switch off its ice-and-water dispenser 25. ______
· has one full-year quality guarantee with another five years limited warranty 26. ______
· has little noise when it is in operation 27. ______