the customer

　　27. carriage ( ) g. a tract of land including its buildings

　　28. settlement ( ) h. an official group of persons who direct or supervise some

　　activities of a firm

　　29. board ( ) i. public argument about something which many people

　　disagree with

　　30. cancel ( ) j. a way by which a place, esp. property can be reached or

　　entered or used

　　Ⅳ. Make brief explanations of the following terms or give the full name of the abbreviation in English. (10%)

　　31. term draft

　　32. transferable credit

　　33. direct quote

　　34. acquisition

　　35. GATT

　　V. Answer the following questions in English. (20%)

　　36. What are the five major modes of the modern freight transportation system?

　　37. What do “valued” policies mean?

　　38. What is the purpose to establish GSP(the Generalized System of Preference)?

　　39. What is the relationship between MNEs and their host countries?

　　Ⅵ. Translate the following into Chinese. (15%)

　　40. The Bank for International Settlement (BIS) is a unique institution. Many of its operations are of types normally performed by a commercial bank, but it is owned principally by central banks, and managed by central banks and its principal customers are central banks. The objects of BIS are to promote the cooperation among central banks and to provide additional facilities for international operations.

　　41. In the 1970s and 1980s counter trade was different from the old practice although some similarities remained. Current counter trade partners are not necessarily familiar partners and goods exchanged are sometimes vertically related. Current counter trade can be categorized as follows.