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Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A, B, C, D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

A. 2,000 francs.
B. 20,000 francs.
C. 472 francs.
D. 472.20 francs.

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Passage Two

A. T-bills are safer than CDs.
B. T-bills are easy to trade.
CDs have greater liquidity than T-bills.
D. CDs are safe because the FDIC guarantees their investments.

Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.Passage One

A. one night
B. overnight out to a few days
C. several weeks
D. hours

Section One Directions: In this section, you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers marked A, B, C and D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

A. Depositors are usually full of confidence, but not the creditors.
Banks should maintain the confidence of depositors and creditors.
C. The nature of banks’ business particularly damages their reputation.
D. Maintaining the confidence of depositors, creditors and the general marketplace particularly damages banks’ reputation.

Section One Directions: In this section, you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers marked A, B, C and D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

A. The bank makes profits only from its own money.
B. The bank makes profits from not only the deposits but also its own money.
C. The bank has special obligation to make profits.
D. The bank makes profits by having special obligations to depositors.

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