还不知道如何预约考试的考生，看过来!

听力原文： Currency options may have two kinds of value, intrinsic value and time value. If and to the extent that an option would currently be profitable to exercise, it is said to have intrinsic value. In the case of a call, if the spot price is higher than the option exercise price, the option has intrinsic value. In the case of a put, if the spot price is less than the option exercise price, the option has intrinsic value. Such options are said to bein-the-money'. If the opposite is true of either calls or puts, they have no intrinsic value and said to be out-of-the-money'.

28. What are the two kinds of value do currency options have?

29.When does a call option have intrinsic value?

30.What is the option said to be if it has intrinsic value?

(28)

A．Intrinsic value and time value.

B．Internal value and external value.

C．Exchange value and time value.

D．Real value and stated value.

Which of the following terms of payment has the least country risk?

A．Revocable documentary credits.

B．Confirmed Irrevocable documentary credits.

C．Documentary collection Ｄ/P.

D．Documentary collection Ｄ/Ａ.

The author doesn't mention those participants ______ in the London International Financial Futures Exchange( LIFFE ).

A．who want to hedge against interest rate fluctuations

B．who wish to hedge against exchange rate fluctuations

C．who bet on which way interest rate will move

D．both A and B

听力原文：Other aspects of operational risk include major failure of information technology systems or events such as major fires or other disasters.

(6)

A．Information technology system can cause operational risk.

B．A major fire can be a cause of operational risk.

C．The most important types of operational risk involve breakdowns in internal controls and corporate governance.

D．Other aspects of operational risk include firing its dealers, lending officers or other staff exceeding their authority or conducting business in an unethical or risky manner.