Bank of China informs the beneficiary, a Chinese import and export company that a foreign bank has opened a letter of credit in his favor. The bank does not add its engagement by informing the beneficiary. The Bank of China ia acting as （）.

A:The issusing bank B:The advising bank C:The confirming bank D:The negotiating bank

"The U.S. economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of the year. " There are already some signs that important pillars are weakening. Consumer confidence has fallen for the past two months; and the housing sector, which has been buoyant, is starting to sink. Corporate profits are falling.
Some analysts are especially concerned over the sharp fall of commodity prices. They believe it represents the threat of inflation, or falling prices in general. While this may be good for consumers, it could cause a global slowdown. "The Central Bank will have to act forcefully to arrest the deflationary forces," says Robert LaMorte, chairman of Behavioral Economics, a consulting firm in San Diego.
But others counter that the Central Bank doesn’t need to intervene, and they argue it should wait to see real data before acting. "The fundamentals are better than the stock market reflects," says Peter Kretzmer, an economist at Nationsbanc Montgomery Securities.
The president also tried to do his part to calm the markets, citing the strong job market and balanced budget. "We believe our fundamental economic policy is sound," he said. His comments echoed statements by Treasury Secretary in Washington.
Some numbers do continue to reflect a strong economy. On September 11, the Conference Board released its index of leading indicators. The index rose 0.4 percent, promoting the business organization to predict that the nation’s output should increase at a moderate pace for the rest of this year. The group sees little risk of recession in the near term.
But what has changed is the global economy. Japan and the rest of Asia are in recession. The woes are spreading to Latin America.
"I’m convinced that we are going to have a global economic recession," says Sung Won Sohn, chief economist at Norwest Corp. , a Minneapolis-based bank. But, he adds, it’s not certain the U.S. will slide into a period of negative growth. He rates the risk of recession at only 10 to 15 percent. "We will be responding to the world economic situation rather leading it," he says.
Still, Fed watchers don’t think the Central Bank will act to try to save the world. "It’s inconceivable the Fed could make much difference in Asia, Russia, or Latin America," says Lyle Gramley, a former Fed governor.
After the last stock market crash, the Federal Revenue acted quickly to provide liquidity to the markets and to lower interest rates. But the economy is in better shape this time. The banking sector is stronger and the financial markets have been able to respond to enormous trading volume.
It can be concluded from the text that

A:S. economy will go into recession in the near future. B:effective measures should be taken to enhance U. S. economy. C:the government should continue its current policy. D:the Central Bank should play its role in the world economy.

The World Trade Organization is additionally to cooperate with the International Monetary Fund and( )in order to achieve greater coherence in global economic policy making．

A:the Central Bank of China B:the World Bank C:World Health Organization D:the International Development Association

A bank that opens an L/C at the request of an importer is a (an)（）.

A:issuing bank B:paying bank C:accepting bank D:informing bank

Bank of China informs the beneficiary, a Chinese import and export company that a foreign bank has opened a letter of credit in his favor. The bank does not add its engagement by informing the beneficiary. The Bank of China is acting as （ ）.

A:the issuing bank B:the advising bank C:the confirming bank D:the negotiating bank

Your customer asks your bank to handle a collection outwards on his behalf. Your bank is（ ）.

A:the reimbursing bank B:the negotiating bank C:the remitting bank D:the collecting bank

Your customer asks your bank to handle a collection outwards on his behalf. Your bank is（）

A:the reimbursing bank B:the negotiating bank C:the remitting bank D:the collecting bank