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.
《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.
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