Many of the larger banks may financial instruments. -题库考试答案搜索网

Many of the larger banks may financial instruments.

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2021-07-17 19:40

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Many of the larger banks may financial instruments.

The Operations Department is the one which takes care the day-to-day business of the bank.

The next shareholder’s meeting was at the end of this year.

For larger sums we take legal steps to the money.

— Can I exchange foreign currency in Bank of China?

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The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. （）

Support facilities for electric cars, such as charging stations, have been built or are the process of being built in many cities across the country.

—May I ask you why you left the former company？

—

— May I speak to Tom?

— I'm sorry. He isn't in the office now.

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— Yes, of course.

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— Besides Bank of China, you can get the money exchanged in Industrial and Commercial Bank of China, China Construction Bank etc..

Bank of China informs the beneficiary, a Chinese import and export company that a foreign bank has opened a letter of credit in his favor. The bank does not add its engagement by informing the beneficiary. The Bank of China ia acting as （）.

Practice 4　　The other kind of bank—the Bank of the United States was simultaneously a commercial bank and a quasi-public central bank. The First Bank of the United States, chartered by the Congress in 1791, owed its existence to Alexander Hamilton who, shortly after becoming Secretary of the Treasury, showed remarkable insight into the financial problems of the young country and the economic implications of banking. The First Bank of the United States operated much like a private bank. But unlike a regular commercial bank, it had the federal government as a partner and number one customer. The Bank served as the fiscal agent for the government, holding government tax receipts, paying government bills, performing various financial housekeeping tasks. In return, the government kept its cash as deposits with the First Bank of the United States, giving it a huge financial base. The First Bank’s federal charter, moreover, allowed it to operate branches in all states, giving it a big competitive edge over regular state-chartered banks, which could operate only in the states that chartered them. Gradually the First Bank of the United States evolved into a sort of banker’s bank, gaining the power to police lesser commercial banks.

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