21秋 北外 财经英语1 02次作业

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Assignment for Finance English 1
《财经英语1》作业
Unit (5-8)

The total marks for this assignment are 100 points. Time suggested for completing this assignment is 1 hour (60 minutes).
PLEASE WRITE ALL YOUR ANSWERS ON THE ANSWER SHEET.

Short-answer Questions                                                                [50 points]

1.        What is asset-based lending?
2.        What does a credit transaction refer to?
3.        What are the kinds of documents required under a letter of credit?
4.        What benefits does First-e generally provide?
5.        Please least various methods of payment.

Writing                                                                           [50 points]

Imagine you are Colin Wang, Account Manager of a local bank. Wendy Smith is the CFO of your corporate client. You are writing to inform him of a change of your bank’s policy. Your letter should cover the following points:

•        Your bank will end “free banking” and make charges that are below the average levied by other banks;
•        For compensation, your bank will reduce the minimum balance requirement to its half.

Your writing should be between 120-180 words.