Ⅰ.Translate the following words and expressions from English into Chinese （10%）

1. economic integration

2. policy objectives

3. deregulation

4. preferential policies

5. differential treatment

6. optimized allocation

7. credit worthiness

8. consignment contract

9. release of funds

10. EDI

Ⅱ.Translate the following words and expressions from Chinese into English（10%）

11．非關(guān)稅壁壘

12. 還盤

13. 補償貿(mào)易

14. 自給自足的

15. 儲備貨幣

16. 關(guān)稅減讓

17. 二級資本市場

18. 服務(wù)產(chǎn)業(yè)

19. 通知行

20. 東道國

Ⅲ.Match the words and expressions on the left with the explanations on the right（10%）

21. budget                                                 a.a country or firm that signs a legal agreement

22. multi-model transportation                     b.upward and downward movements in the economic      system

23. applicant ofan L/C                               c.possible to be handed over

24. alternative                                           d.an account of probable future income and expenditure during a stated period,usu. a year, used as a guide in making financial arrangements

25.fluctuations                                          e.the gain from an investment, either as income or yield or as profit on the saleof the investment

26. erode                                                   f.a contract made by the buyer

27.transferable                                          g.the importer that goes to a bank for the establishment of an L/C

28. return                                                  h.transport that combines road, rail, sea and air

29. contractingparty                                  i.wear away, eat into

30. purchasecontract                                 j.a choice from two or more possibilities