Ⅲ.术语定义(每小题4分，共20分)
(1)International trade refers to the exchange of goods and services produced in one country with those produced in another.(In the complex economic world,no country can be completely self-sufficient.)
(2)Transferable credit:a letter of credit that can be transferred by the original beneficiary to one or more parties in making payment.
(3)Insurance is a social device in which a group of individuals transfer risk,and it provides for payment of losses from funds contributed by all members who transferred risk.
(4)MNC is a business organization which owns (whether wholly or partly),controls and manages assets,often including productive resources,in more than one country,through its member companies incorporated separately in each of these countries.
(5)The commercial invoice is a business document which gives a general description of the quality and quantity of the goods and the unit and total price.
Ⅳ.选择填空(每小题1分，共10分)
(1)transfer (2)financial (3)charged (4)policy (5)renewed
(6)loss (7)protection (8)insurable (9)speculative (10)orders
Ⅴ.翻译(15分)
如何使更多的美国货出现在中国的商店里?按照现行的贸易限制，进入中国的美国商品数量不多。但是，如果中国，亚洲最大的新兴市场，加入世界贸易组织，进口商品将大量涌入。尽管在过去的十年中美国对中国的出口有所增加，但每年的总出口仍只有120亿美元左右，占美国总出口的很小比例。同时，美国是中国商品的一个很好的市场，美国每年从中国进口商品的价值从十年前的100亿美元左右增至大约500亿美元。
如果中国加入世贸，美国对中国出口的数量将大大增加，因为高关税与其它各种贸易限制将被取消。目前中国的进口关税最高可达120%。为了加入世贸，中国已同意到2000年以前把平均关税税率降至15%。加入世贸将会把中国的对外贸易置于更为规范的法律框架之中，从而会对进出口商一视同仁。
中国加入世贸带来的另一个好处在于美国公司将可以不必通过贸易公司直接接触中国的公司。同样重要的是，美国的制造商们最终还能够直接向中国消费者销售其产品。这样一个利于进口的环境必将为美国企业展现新的贸易机会，所以许多美国官员都赞成中国加入世界贸易组织。
Ⅵ.汉译英(每小题5分，共25分)
(1)Being a new,improved replacement of GATT,WTO is a permanent international organization,to which all the members of GATT have automatically become members.
(2)The payment of many international transactions is made by draft.A draft is an order to a bank or a customer,which includes sight draft and usance draft.
(3)The enquiry made by the buyer is to get information about the goods to be ordered.It is made without engagement to the enquirer.
(4)Even in those circumstances,most firms prefer to pay a known premium for the transfer of risk,rather than face the uncertainty of carrying the risk of loss.
(5)Although the day-to-day administration of MNCs may be delegated(decentralized) to their affiliates,major decisions such as corporate goals and new investment projects are made by the parent company.
