金融英语听力4,5,6单元(4页).doc
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1、-金融英语听力4,5,6单元-第 4 页Unit 4Passage 1There are different kinds of bank accounts. The most popular is the checking account. A checking account pays no interest but it has other advantages. Firstly, it enables people to keep their money in a safe place. Secondly, it allows them to withdraw their money a
2、t any time. Thirdly, it provides them with a cheque book so that they do not carry a large amount of cash with them.To open a checking account it is necessary to see the branch manager. He has to decide whether the applicant is likely to keep a credit balance in the account. A checking account holde
3、r can only make an overdrawal with the managers permission. The manager will therefore want to meet the applicant to get the necessary background information. For example, he will want to know the applicants occupation and his place of work. He will also probably want a reference from his/her employ
4、er. If, after the interview, the manager is satisfied with the applicant, he will approve the application, arrange for the applicant to be given a cheque book and arrange for a monthly statement to be sent to the account holder.Passage 2A deposit account is a popular kind of account. It has advantag
5、es over a checking accounts. For one, it is easier to open than checking account. There is no need to see the manager. A customer only needs to fill out a form and then deposit the minimum amount of money required by the bank. The customer is then given a passbook which he must bring to the bank eve
6、ry time he wishes to withdraw or deposit money. The passbook is the customers record of the account.Secondly, a deposit account earns interest for the customer. The bank invests the money that is paid by the customer and, in turn, the bank pays the customer interest. The rate of interest in the U.K.
7、 is not fixed but it is usually between 5-10%. However, a deposit account does have some disadvantages. Some banks do permit limited withdrawals in one day. Another disadvantage is that the customer doesnt receive a cheque book and therefore, he cannot pay directly his bills with this account.Unit5P
8、assage1An interest rate is the cost of borrowing or the price paid for the rental of funds (usually expressed as a percentage of the rental of $100.00 per year). We see many interest rates in the economy- mortgage interest rates, car loan rates, and interest rates on many different types of bonds. I
9、nterest rates are important variables to you because they affect so many personal decisions. High interest rates could deter you from buying a house or a car because the cost of financing them would be high. On the other hand, high interest rates could encourage you to save. You can earn more intere
10、st income by putting your savings into an account at the bank when interest rates are high.Interest rates have an impact on the overall health of the economy because they affect not only consumers willingness to spend or save, but also businesses investment decisions High interest rates, for example
11、, may cause a corporation to postpone building a new plant that would insure more jobs. Passage2China lowered its interest rates on deposits and loans on Nov.1, 1997, to help its debt- ridden stateowned enterprises. This is the third interest rate cut since May,1996, and it reduced the savings rate
12、by 1.1% and lowered the cost of a loan by 1.5 percent.Savings rates are levers that a central bank can employ to adjust the growth rate of the countrys macroeconomy as well as control inflation. Previous experience suggests that interest rate adjustments in China are mainly aimed at controlling infl
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