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.
A. Have an account.
B. Draw on this branch.
Cash a check.
D. Something personal.
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Section One Directions: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. Passage 1 Larger banks in large cities often specialize in particular ancillary services in addition to the bank deposit services they supply. They may have foreign branches in order to provide banking services in particular foreign countries. Large banks may sell consumer credit card services; that is, they allow individual banks to join their credit card network. They may be brokers in the federal funds markets, a market for short-term loans in which commercial banks participate. Banks may specialize in handling trust agreements. Large banks often provide many of these services for their depositors as well as selling these ancillary services to other banks. This provision of services to other banks is called correspondent banking. The degree of competition in the market for banking services may be related to the number of depository intermediaries in a particular locality. If there is one commercial bank and no thrifts in a small town in a remote area, most of the residents may deposit their funds in the local bank. If there are no financial intermediaries offering similar services, such as business loans, the local bank supplies most of these loans. In most areas, other financial intermediaries and nearby banks compete for loan business. Larger loans made to larger local businesses may not be supplied solely by banks in the local area. Unlike the cost of transporting physical property, the cost of transporting money by check is negligible. The capital market, the market for borrowing funds, cannot easily be subdivided by geographical areas. This consideration makes the measurement of competition for large-loan business in a given geographical area a difficult problem. However, in some states one or several bank holding companies own a significant number of banks in the state. This subject is discussed subsequently. What is called correspondent banking
A. The bank which provides additional banking services.
B. The provision of banking services to other banks.
C. The particular ancillary services provided to foreign countries.
D. The bank issuing credit cards.
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.
A. Husband and wife.
B. Teacher and student.
C. Banker and his customer.
D. Employer and employee.
Passage Three
A. By the negotiation among the sellers, buyers and the exchange.
By using an auction process.
C. By the exchange.
D. By the negotiation among the sellers and the buyers.
That day, he went there very early. He was all smile on the way. All things seem benign to him. The ground there was covered with a mist of bluebells, and nearly a score of crabapple trees were in full bloom. He threw himself clown on the grass. The change from the buttercup glory and oak-goldened glamour of the fields to this ethereal beauty under the gray tot filled him with a sort of wonder; nothing the same, save the sound of running water and the songs of the cuckoos. He lay there a long time, watching the sunlight wheel till the crab -trees threw shadows over the bluebells, his only companions a few wild bees. He was not quite sane, thinking of that morning’s kiss, and of tonight under the apple tree. In such a spot as this fauns and dryads surely live; nymphs, white as the crab -apple blossom, retired within those trees; fauns, brown an the dead bracken, with pointed ears, lay in wait for them. The cuckoos were still calling when he woke, there was the sound of running water; but the sun had couched behind the tot, the hillside was cool, and Some rabbits had come out. Tonight, he thought. Just as from the earth everything was pushing up, unfoldinE under the soft insistent fingers of an unseen hand, so were his heart and senses being pushed, unfolded. He got up and broke off a spray from a crab-apple tree. The buds were beautiful, rose pink, wild, and fresh; and so, too, the opening flowers, white, and wild, and touching. He put the spray into his coat. And all the rush of the spring within him escaped in a triumphant sigh. But the rabbits scurried away. But he had no mind for them. He was looking forward to the exciting hour.