II. Translate the following phrases into Chinese: (10%)

16.most-favored nation treatment 

17.trade surplus

18.hard currency

19.merger of banks

20.liquid assets

21.a hermit nation

22.trade negotiation

23.at a rough estimate

24.Chinese Export Commodities Fair

25.foreign exchange reserves

III. Translate the following phrases into English:(10%)

26.獨(dú)家經(jīng)銷合同

27.經(jīng)常項(xiàng)目

28.清算協(xié)議

29.人均收入

30.無(wú)壁壘市場(chǎng)

31.雙重稅

32.房地產(chǎn)

33.試銷  

34.知識(shí)產(chǎn)權(quán)

35.商業(yè)周期