The Bank for International Settlement (BIS)is a unique institution. Many of its operations are of types normally performed by a commercial bank, but it is owned principally by central banks, and managed by central banks and its principal customers are central banks. The objects of BIS are to promote the cooperation among central banks and to provide additional facilities for international operations. 英译汉
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听力原文:The encashing bank forwards the cheque to the drawer's bank for payment and reimbursement.
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