首页
登录
职称英语
[originaltext] Pushing China’s foreign exchange reform ahead by another step
[originaltext] Pushing China’s foreign exchange reform ahead by another step
游客
2023-07-24
91
管理
问题
Pushing China’s foreign exchange reform ahead by another step, the central bank on Friday carried out its first currency swap deals with local banks. It hopes that this could help bring more flexibility to the market.
The People’s Bank of China confirmed that it was carrying out its first foreign exchange swap deal on Friday, but would not give more details. A Beijing-based trader for a major state-owned bank said that the central bank offered one-year currency swaps worth $ 6 billion at 7.85 Chinese yuan per dollar.
In spot dealings, the yuan closed at 8.08 to the dollar on Thursday. Analysts said that it wasn’t clear exactly what system the central bank was using in its swaps transactions, but said it could be selling dollars and buying yuan on the spot market, and a year later could reverse the deal at the set rate.
That would have the effect of removing yuan from the money market. At the same time, the central bank could use the swap rate to signal its expectations about how fast it expects the yuan’s value to rise, they said.
Tile swap deal didn’t seem to have any immediate effect on the spot market.
Late Thursday, China’s State Administration for Foreign Exchange announced it would also introduce a new currency trading system allowing bank market members to trade directly with each other. It also invited qualified members to apply to become market makers for yuan spot trading.
A market maker agrees to act as either a buyer or seller in a financial transaction when no other party can be found. Currently, the central bank is China’s key market maker in U.S. dollar trading due to tight restrictions on for eign exchange dealings, though regulators earlier announced they were considering letting other banks become market makers.
选项
A、7.85 per dollar.
B、7.88 per dollar.
C、8.05 per dollar.
D、8.08 per dollar.
答案
D
解析
对应文中In spot dealings,the yuan closed at 8.08 to the dollar on Thursday.这句话,如果留意到问题和文中对应的关键词Thursday,则很容易得出答案,而不须做出很清楚的理解。
转载请注明原文地址:https://tihaiku.com/zcyy/2864382.html
相关试题推荐
Whatdowelearnabouttheseainthemodemtechnologicalworld?[originaltext]
WhatdoesthespeakersayaboutAnnRichards?[originaltext]AnnRichardswas
Whydoesn’tAshleygivethemanacallherself?[originaltext]M:PhysicsDepartm
Whydoesthewomanlikeskiingsomuch?[br][originaltext]M:Whatdoyoup
Whydoesthewomanlikeskiingsomuch?[originaltext]M:Whatdoyouplanto
[originaltext]M:Couldyoutellmetheshortestwaytothehall?Themeetingis
[originaltext]M:Couldyoutellmetheshortestwaytothehall?Themeetingis
[originaltext]M:Couldyoutellmetheshortestwaytothehall?Themeetingis
[originaltext]W:Hi.Tom.Howthingsgetalongwiththepreparationfortheann
[originaltext]W:Whataterrificdrawing,Mark!Ididn’tknowyoucouldpaint.
随机试题
Whatisthemaintopicofthetalk?[br][originaltext]ThisisJimJohnson
【说明】假定你是大四学生ZhangWei,给HW公司写一封求职信,应聘该公司销售经理岗位。【内容】1.自我介绍,表明写信目的。2.简要陈述你的学历、工作
[originaltext]M:Judy’stakingsixteencreditsandworkinginacomputercenter
随参信道对信号传输的影响可以采用均衡技术来改善。()
在UML提供的图中,()用于按时间顺序描述对象间的相互。A.网络图 B.状态
低成本策略强调降低银行成本,同时意味着成为一个低价格的竞争者。( )
下列关于优先股的说法中,错误的是()。A.在股东大会上无表决权 B.在认购股
下列关于毒蛇咬伤的临床表现正确的是()A.血液毒局部症状轻,全身症状出现晚
A.24 B.16 C.6 D.3
隧道照明控制子系统一般由分中心监控工作站、本地控制器、()等构成。A.光强
最新回复
(
0
)