考试如何一次过三科？CIA备考心得送给你

What is the main function of deposit insurance fund?

A．To ensure that the banks have sufficient fund to finance other economic sectors.

B．To protect the banks from all kinds of risks arising from their operation.

C．To meet requirements of financial needs of the public.

D．To pledge to depositors that their money is safe whenever a bank is insolvency.

听力原文：W: Well, yes. What about interests on those accounts? I'm interested in fixed time deposits accounts.

M: There are three kinds of fixed deposits, Madame. They are three-month, six-month and twelve-month deposits. The interest on a three-month deposit is 4.5% per annum, on six month 5%, on twelve month 5.5%.

Q: What is the interest rate on a six month deposit?

(12)

A．4%.

B．4.5%.

C．5%.

D．5.5%.

A derivative is a security which "derives" its value from another underlying (61) instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as (62) contracts and various indexes. Derivatives give the buyer greater leverage for a (63) cost than purchasing the actual underlying instrument to achieve the same position. For this reason, when used properly, they can serve to "hedge" a (64) of securities against losses. However, because derivatives have a date of (65) , the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.

(46)

A．bank

B．financial

C．mathematic

D．securities

The money a bank uses for lending is borrowed from depositors.

A．Right

B．Wrong

C．Doesn't say