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Unit 5: Unit 5: Banking Services Banking Services Financial English Financial English

Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

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Page 2: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

Unit 5:Unit 5:

• Revision of Unit 4 of Unit 4

• Background information of Unit 5 Background information of Unit 5

• Text

• ExercisesExercises

• Assignment

Page 3: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

Review of Unit 4Review of Unit 4

• Dictation

• Exercises Check-upExercises Check-up

Blanks filling

Revision of Text ARevision of Text A

Page 4: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

Spot DictationSpot Dictation

Dictation!Dictation!

You are going to hear 5 sentences. Each wilYou are going to hear 5 sentences. Each wil

ll

be read three times. Write down the sentences abe read three times. Write down the sentences a

ccording to what you hear.ccording to what you hear.

1.1. 2.2. 3.3. 4.4. 5.5.

Check-upCheck-up

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Key to Dictation:Key to Dictation:

1.1. In addition to the big four state-owned commercial bankIn addition to the big four state-owned commercial banks, there are smaller commercial banks.s, there are smaller commercial banks.

2.2. The central government has allowed several small banks The central government has allowed several small banks to raise capitalto raise capital

3.3. China's state-owned commercial banks recently began to China's state-owned commercial banks recently began to issue a dual-currency card.issue a dual-currency card.

4.4. Other obstacles include lack of merchant acceptance and Other obstacles include lack of merchant acceptance and a weak infrastructure for card processing.a weak infrastructure for card processing.

5.5. China’s entry into the WTO is expected to create opportChina’s entry into the WTO is expected to create opportunities for foreign banks. unities for foreign banks.

DictationDictation

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II. Fill in the blanks with proper words or phrases given below

Check-upCheck-up

charge payments interest merchant buycharge payments interest merchant buy

consumer plastic contrast unions issuerconsumer plastic contrast unions issuer

charge payments interest merchant buycharge payments interest merchant buy

consumer plastic contrast unions issuerconsumer plastic contrast unions issuer

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A credit card is part of a system of A credit card is part of a system of ________ named aft named aft

er the small er the small ________ card issued to users of the system. It is a card issued to users of the system. It is a

card entitling its holder to card entitling its holder to ________________ goods and services based goods and services based

on the holder's promise to pay for these goods and services. The on the holder's promise to pay for these goods and services. The

________________ of the card grants a line of credit to the of the card grants a line of credit to the ________ (or (or

the user) from which the user can borrow money for payment tthe user) from which the user can borrow money for payment t

o a o a ________ or as a cash advance to the user. or as a cash advance to the user.

Check-upCheck-up

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A credit card is part of a system of A credit card is part of a system of paymentspayments named aft named aft

er the small er the small plasticplastic card issued to users of the system. It is a card issued to users of the system. It is a

card entitling its holder to buy goods and services based on card entitling its holder to buy goods and services based on

the holder's promise to pay for these goods and services. Ththe holder's promise to pay for these goods and services. Th

e e issuerissuer of the card grants a line of credit to the of the card grants a line of credit to the consumerconsumer (o (o

r the user) from which the user can borrow money for payr the user) from which the user can borrow money for pay

ment to a ment to a merchantmerchant or as a cash advance to the user. or as a cash advance to the user.

Check-upCheck-up

Page 9: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

A credit card is different from a A credit card is different from a ________card, whcard, wh

ere a charge card requires the balance to be paid in full eacere a charge card requires the balance to be paid in full eac

h month. In h month. In ________________, credit cards allow the consumers to, credit cards allow the consumers to

'revolve' their balance, at the cost of having 'revolve' their balance, at the cost of having ________ char char

ged. Most credit cards are issued by local banks or credit ged. Most credit cards are issued by local banks or credit

________, and are the shape and size specified by the ISO , and are the shape and size specified by the ISO

7810 standard.7810 standard.

Check-upCheck-up

Page 10: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

A credit card is different from a A credit card is different from a chargecharge card, where a ch card, where a ch

arge card requires the balance to be paid in full each month.arge card requires the balance to be paid in full each month.

In In contrastcontrast, credit cards allow the consumers to ‘revolve’ t, credit cards allow the consumers to ‘revolve’ t

heir balance, at the cost of having heir balance, at the cost of having interestinterest charged. Most cr charged. Most cr

edit cards are issued by local banks or credit edit cards are issued by local banks or credit unionsunions, and ar, and ar

e the shape and size specified by the ISO 7810 standard.e the shape and size specified by the ISO 7810 standard.

Check-upCheck-up

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Unit 5:Unit 5:

• Revision of Unit 4Revision of Unit 4

• Background information of Unit 5 information of Unit 5

• Text

• Assignment

Page 12: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

Unit 9:Unit 9:

• Part I:

• 5.1 Banking Services5.1 Banking Services

• Part II:

• 5.2 Core Business of Banks: Deposit an5.2 Core Business of Banks: Deposit and Loansd Loans

• Part III:

• 5.3 Bank Loans5.3 Bank Loans

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Text : Background InformationText : Background Information

本文旨在介绍银行主要业务类型银行根据不同的标准可分为不同的类型。其中商业银行是金融机构中最重要的一部分。一般而言,商业银行的传统业务包括资产业务、负债业务和中间业务。其中资产业务包括贷款、贴现、投资和证券销售、房产贷款等。负债业务包括存款和借入款。中间业务指银行不动用自己的资产为客户办理的服务,如汇兑、托收、信用证业务等。此类业务银行通常只是收取手续费。本单元主要介绍银行最主要的两大核心业务:存款及贷款。

本文旨在介绍银行主要业务类型银行根据不同的标准可分为不同的类型。其中商业银行是金融机构中最重要的一部分。一般而言,商业银行的传统业务包括资产业务、负债业务和中间业务。其中资产业务包括贷款、贴现、投资和证券销售、房产贷款等。负债业务包括存款和借入款。中间业务指银行不动用自己的资产为客户办理的服务,如汇兑、托收、信用证业务等。此类业务银行通常只是收取手续费。本单元主要介绍银行最主要的两大核心业务:存款及贷款。

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Text : Background InformationText : Background Information

本章重点难点通过本章学习,学生应该掌握

1. 银行业务的主要类型

2. 银行存款的三种类型

3. 如何从银行申请贷款

本章重点难点通过本章学习,学生应该掌握

1. 银行业务的主要类型

2. 银行存款的三种类型

3. 如何从银行申请贷款

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Text : Background InformationText : Background Information

定期储蓄存款是约定存期,一次或分次存入,一次或多次取出本金或利息的一种储蓄。定期储蓄存款存期越长利率越高。定期储蓄主要有以下几种:整存整取定期存款,零存整取定期存款,存本取息定期存款,定活两便存款,通知存款,教育储蓄。

定期储蓄存款是约定存期,一次或分次存入,一次或多次取出本金或利息的一种储蓄。定期储蓄存款存期越长利率越高。定期储蓄主要有以下几种:整存整取定期存款,零存整取定期存款,存本取息定期存款,定活两便存款,通知存款,教育储蓄。

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Text : Background InformationText : Background Information

大额存单大额存单是由商业银行发行的一种金融产品,是是由商业银行发行的一种金融产品,是存款人在银行的存款证明。可转让大额存单与一般存存款人在银行的存款证明。可转让大额存单与一般存单不同的是,可转让大额存单与一般存单不同的是,单不同的是,可转让大额存单与一般存单不同的是,期限不低于7天,金额为整数,并且在到期之前可以期限不低于7天,金额为整数,并且在到期之前可以转让。 转让。

大额存单大额存单是由商业银行发行的一种金融产品,是是由商业银行发行的一种金融产品,是存款人在银行的存款证明。可转让大额存单与一般存存款人在银行的存款证明。可转让大额存单与一般存单不同的是,可转让大额存单与一般存单不同的是,单不同的是,可转让大额存单与一般存单不同的是,期限不低于7天,金额为整数,并且在到期之前可以期限不低于7天,金额为整数,并且在到期之前可以转让。 转让。

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Text : Background InformationText : Background Information

浮动汇率浮动汇率是指本国货币与其他国家货币之间的汇率不是指本国货币与其他国家货币之间的汇率不由官方制定,而由外汇市场供求关系决定,可自由浮动,由官方制定,而由外汇市场供求关系决定,可自由浮动,官方在汇率出现过度波动时才干预市场,这是布雷顿森官方在汇率出现过度波动时才干预市场,这是布雷顿森林体系解体后西方国家普遍实行的汇率制度。林体系解体后西方国家普遍实行的汇率制度。

浮动汇率浮动汇率是指本国货币与其他国家货币之间的汇率不是指本国货币与其他国家货币之间的汇率不由官方制定,而由外汇市场供求关系决定,可自由浮动,由官方制定,而由外汇市场供求关系决定,可自由浮动,官方在汇率出现过度波动时才干预市场,这是布雷顿森官方在汇率出现过度波动时才干预市场,这是布雷顿森林体系解体后西方国家普遍实行的汇率制度。林体系解体后西方国家普遍实行的汇率制度。

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Text : Background InformationText : Background Information

项目融资项目融资是指以项目本身信用为基础的融资,项是指以项目本身信用为基础的融资,项目融资是与企业融资相对应的。项目融资为一个特定目融资是与企业融资相对应的。项目融资为一个特定经济实体所安排的融资,其贷款人在最初考虑安排贷经济实体所安排的融资,其贷款人在最初考虑安排贷款时,满足于使用该经济实体的现金流量和收益作为款时,满足于使用该经济实体的现金流量和收益作为偿还贷款的资金来源,并且满足于使用该经济实体的偿还贷款的资金来源,并且满足于使用该经济实体的资产作为贷款的安全保障。 资产作为贷款的安全保障。

项目融资项目融资是指以项目本身信用为基础的融资,项是指以项目本身信用为基础的融资,项目融资是与企业融资相对应的。项目融资为一个特定目融资是与企业融资相对应的。项目融资为一个特定经济实体所安排的融资,其贷款人在最初考虑安排贷经济实体所安排的融资,其贷款人在最初考虑安排贷款时,满足于使用该经济实体的现金流量和收益作为款时,满足于使用该经济实体的现金流量和收益作为偿还贷款的资金来源,并且满足于使用该经济实体的偿还贷款的资金来源,并且满足于使用该经济实体的资产作为贷款的安全保障。 资产作为贷款的安全保障。

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Text : Background InformationText : Background Information

借记卡借记卡是指先存款后消费(或取现),没有透支功是指先存款后消费(或取现),没有透支功能的银行卡。其按功能不同,又可分为转帐卡(含储能的银行卡。其按功能不同,又可分为转帐卡(含储蓄卡)、专用卡及储值卡蓄卡)、专用卡及储值卡 。 。

借记卡借记卡是指先存款后消费(或取现),没有透支功是指先存款后消费(或取现),没有透支功能的银行卡。其按功能不同,又可分为转帐卡(含储能的银行卡。其按功能不同,又可分为转帐卡(含储蓄卡)、专用卡及储值卡蓄卡)、专用卡及储值卡 。 。

Page 20: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

• ListeningListening

• Language PointsLanguage Points

TextText

Page 21: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

ListeningListening

TextText

Banking Services Banking Services

Banking Services Banking Services

Listen carefully to the first part of the text and then Listen carefully to the first part of the text and then try to translate it. try to translate it.

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Banking ServicesBanking Services

5.1 Banking Services5.1 Banking Services

The type of services offered by a bank depends upon the nThe type of services offered by a bank depends upon the n

ature of the bank and the country where the bank operates. Thature of the bank and the country where the bank operates. Th

e services provided by banks usually include assets, liabilities ae services provided by banks usually include assets, liabilities a

nd nd intermediary advice. advice.

Text :Text :

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The main function of most banks is directly accepting depThe main function of most banks is directly accepting dep

osits from the general public and providing check facilities for osits from the general public and providing check facilities for

withdrawal purposes. Lending money to companies, individuals, purposes. Lending money to companies, individuals,

the government, and other financial institutions is the second mthe government, and other financial institutions is the second m

ajor activity of all types of banks. Banks play a vital role in the ajor activity of all types of banks. Banks play a vital role in the

capital formation of a country through saving and investment fcapital formation of a country through saving and investment f

unctions. They pool the savings of the small investors and generunctions. They pool the savings of the small investors and gener

al public and al public and utilize the funds by investing the companies or the the funds by investing the companies or the

government. government.

Text :Text :

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Banks also render services like facilitating money Banks also render services like facilitating money

transactions such as wire transfers and cashiers checks, issuing c such as wire transfers and cashiers checks, issuing c

redit cards and debit cards, and provisioning safe deposit boxes redit cards and debit cards, and provisioning safe deposit boxes

for the storage of valuables. Modern banks also provide for the storage of valuables. Modern banks also provide

sophisticated services like online banking, project financing, lea services like online banking, project financing, lea

sing, merchant banking, and personal banking. Online banking sing, merchant banking, and personal banking. Online banking

relieves the customers from time-consuming paper based bankirelieves the customers from time-consuming paper based banki

ng transactions with the help of information technology. Personng transactions with the help of information technology. Person

al banking provides technology-enabled and customized bankinal banking provides technology-enabled and customized bankin

g products like phone banking and Internet banking.g products like phone banking and Internet banking.

Text B:Text B:

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Banks may undertake merchant banking activities like manBanks may undertake merchant banking activities like man

aging issue of shares, their allotment, and the collection of sharaging issue of shares, their allotment, and the collection of shar

e amounts on behalf of joint stock companies. Currently, most e amounts on behalf of joint stock companies. Currently, most

customers enjoy the benefits of ATMs (Automatic Teller Machicustomers enjoy the benefits of ATMs (Automatic Teller Machi

nes) where they can withdraw money from their accounts at annes) where they can withdraw money from their accounts at an

y time.y time.

Text B:Text B:

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In a word, banks play an important role in the creation In a word, banks play an important role in the creation

and distribution of money in the society. The following part and distribution of money in the society. The following part

is mainly about the two core business conducted by all banis mainly about the two core business conducted by all ban

ks: ks: deposits and loans.s and loans.

Text B:Text B:

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intermediary n. n. 仲裁者,调解者仲裁者,调解者 ; adj. ; adj. 中间的,媒介的中间的,媒介的

Text : Language PointsText : Language Points

1.1. He refused to act as an intermediary between the two dirHe refused to act as an intermediary between the two dir

ectors. ectors.

他拒绝做这两位董事之间的调节人。他拒绝做这两位董事之间的调节人。

2. Conducts of intermediary institutions are being standardi2. Conducts of intermediary institutions are being standardi

zed to better serve foreign invested enterprises.  zed to better serve foreign invested enterprises. 

规范中介机构的行为,引导中介机构更好地为外商规范中介机构的行为,引导中介机构更好地为外商投资企业服务。投资企业服务。

1.1. He refused to act as an intermediary between the two dirHe refused to act as an intermediary between the two dir

ectors. ectors.

他拒绝做这两位董事之间的调节人。他拒绝做这两位董事之间的调节人。

2. Conducts of intermediary institutions are being standardi2. Conducts of intermediary institutions are being standardi

zed to better serve foreign invested enterprises.  zed to better serve foreign invested enterprises. 

规范中介机构的行为,引导中介机构更好地为外商规范中介机构的行为,引导中介机构更好地为外商投资企业服务。投资企业服务。

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Withdrawal n. Withdrawal n. 提款,取款,收回提款,取款,收回

Text : Language PointsText : Language Points

1.1. Fill our a withdrawal form, please. Fill our a withdrawal form, please. 

请填写取款单。请填写取款单。

2. Artillery provided covering fire for the withdrawal.   2. Artillery provided covering fire for the withdrawal.  

炮兵为撤退提供掩护火力。炮兵为撤退提供掩护火力。

1.1. Fill our a withdrawal form, please. Fill our a withdrawal form, please. 

请填写取款单。请填写取款单。

2. Artillery provided covering fire for the withdrawal.   2. Artillery provided covering fire for the withdrawal.  

炮兵为撤退提供掩护火力。炮兵为撤退提供掩护火力。

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Utilize v. Utilize v. 使用,利用使用,利用

Text : Language PointsText : Language Points

1. You must utilize all available resources.  1. You must utilize all available resources. 

你必须利用一切可以得到的资源。你必须利用一切可以得到的资源。

2. SANs let users with heterogeneous storage platforms 2. SANs let users with heterogeneous storage platforms

utilize all of its storage resources.  utilize all of its storage resources. 

sansan 让拥有异种存储平台的用户使用所有的存储让拥有异种存储平台的用户使用所有的存储资源。资源。

3. If we properly resolve the question of retirement, we 3. If we properly resolve the question of retirement, we

can easily utilize talented people.  can easily utilize talented people. 

把退休人员的问题处理好,便于我们选拔人才。把退休人员的问题处理好,便于我们选拔人才。

1. You must utilize all available resources.  1. You must utilize all available resources. 

你必须利用一切可以得到的资源。你必须利用一切可以得到的资源。

2. SANs let users with heterogeneous storage platforms 2. SANs let users with heterogeneous storage platforms

utilize all of its storage resources.  utilize all of its storage resources. 

sansan 让拥有异种存储平台的用户使用所有的存储让拥有异种存储平台的用户使用所有的存储资源。资源。

3. If we properly resolve the question of retirement, we 3. If we properly resolve the question of retirement, we

can easily utilize talented people.  can easily utilize talented people. 

把退休人员的问题处理好,便于我们选拔人才。把退休人员的问题处理好,便于我们选拔人才。

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Transaction n. Transaction n. 交易,处理交易,处理

Text : Language PointsText : Language Points

1.1. To conclude a business transaction. To conclude a business transaction.

达成贸易交易达成贸易交易

2.2. I netted $2000 from the transaction. I netted $2000 from the transaction.

我从那笔交易获得两千美元的纯利。我从那笔交易获得两千美元的纯利。

1.1. To conclude a business transaction. To conclude a business transaction.

达成贸易交易达成贸易交易

2.2. I netted $2000 from the transaction. I netted $2000 from the transaction.

我从那笔交易获得两千美元的纯利。我从那笔交易获得两千美元的纯利。

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Sophisticated adj. Sophisticated adj. 复杂的,老于世故的,精细的复杂的,老于世故的,精细的

Text : Language PointsText : Language Points

1.1. The machine is very sophisticated. The machine is very sophisticated.

这个机器非常复杂。这个机器非常复杂。

2. A sophisticated person who has travelled in many co2. A sophisticated person who has travelled in many co

untries.  untries. 

久经世故的周游许多国家的人。久经世故的周游许多国家的人。

3. But page creation is much more flexible and sophisti3. But page creation is much more flexible and sophisti

cated. cated. 

但页面的生成更灵活、更精细。但页面的生成更灵活、更精细。

1.1. The machine is very sophisticated. The machine is very sophisticated.

这个机器非常复杂。这个机器非常复杂。

2. A sophisticated person who has travelled in many co2. A sophisticated person who has travelled in many co

untries.  untries. 

久经世故的周游许多国家的人。久经世故的周游许多国家的人。

3. But page creation is much more flexible and sophisti3. But page creation is much more flexible and sophisti

cated. cated. 

但页面的生成更灵活、更精细。但页面的生成更灵活、更精细。

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Deposit v. Deposit v. 寄存,储蓄;寄存,储蓄; n. n. 存款存款

Text : Language PointsText : Language Points

1. You may deposit your returned books with the librarian1. You may deposit your returned books with the librarian. .

你可以把要还的书留在图书管理员处。你可以把要还的书留在图书管理员处。

2. Please deposit your money in a bank. 2. Please deposit your money in a bank.

请把钱存入银行。请把钱存入银行。

3. The retired worker has a great deal of deposits. 3. The retired worker has a great deal of deposits.

这位退休职工有一大笔存款。这位退休职工有一大笔存款。

1. You may deposit your returned books with the librarian1. You may deposit your returned books with the librarian. .

你可以把要还的书留在图书管理员处。你可以把要还的书留在图书管理员处。

2. Please deposit your money in a bank. 2. Please deposit your money in a bank.

请把钱存入银行。请把钱存入银行。

3. The retired worker has a great deal of deposits. 3. The retired worker has a great deal of deposits.

这位退休职工有一大笔存款。这位退休职工有一大笔存款。

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ListeningListening

TextText

5.2 5.2 Core Business of Banks: Deposit Core Business of Banks: Deposit and Loansand Loans

5.2 5.2 Core Business of Banks: Deposit Core Business of Banks: Deposit and Loansand Loans

Listen carefully to the second part of the text and thListen carefully to the second part of the text and then try to translate it. en try to translate it.

Page 34: Unit 5: Banking Services Financial English Unit 5: Revision of Unit 4Revision of Unit 4Revision Background information of Unit 5Background information

5.2 Core Business of Banks: Deposit and Loans5.2 Core Business of Banks: Deposit and Loans

If you are new to banking, you may be surprised to learn thaIf you are new to banking, you may be surprised to learn tha

t there are many types of bank deposits available. The type of bt there are many types of bank deposits available. The type of b

ank deposit that you will need will depend on several factors. Tank deposit that you will need will depend on several factors. T

he following will examine some of the more common types of bhe following will examine some of the more common types of b

ank deposits that you will find at most banks and credit unions.ank deposits that you will find at most banks and credit unions.

TextText

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It is worthy of mentioning that you should understand that It is worthy of mentioning that you should understand that

not all banks and credit unions offer the same types of deposits. not all banks and credit unions offer the same types of deposits.

Larger banks will usually offer the most services, but smaller bLarger banks will usually offer the most services, but smaller b

anks are also usually well suited for most consumer needs.anks are also usually well suited for most consumer needs.

Generally speaking, there are three main types of bank depGenerally speaking, there are three main types of bank dep

osits. That is, demand deposits, term deposits and certificate of osits. That is, demand deposits, term deposits and certificate of

deposits (CD). Each type of deposit is suitable for different custdeposits (CD). Each type of deposit is suitable for different cust

omers. Under multiple omers. Under multiple disguises, these types can also provide cs, these types can also provide c

ustomers with the most ustomers with the most convenient services and certainly satisfy services and certainly satisfy

various demands. various demands.

TextText

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THE TYPES OF BANK DEPOSITSTHE TYPES OF BANK DEPOSITS

Demand Deposit? Demand Deposit?

These are defined as deposits which may be withdrawn These are defined as deposits which may be withdrawn

on demand without limit or on demand without limit or penalty. Most of them earn interest, . Most of them earn interest,

usually at a floating rate which moves in step with the occasionusually at a floating rate which moves in step with the occasion

al changes in bank base rates. The rates on deposits are generalal changes in bank base rates. The rates on deposits are general

ly well below base rates. Demand deposits can be withdrawn thly well below base rates. Demand deposits can be withdrawn th

rough ATM or by check.rough ATM or by check.

TextText

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Saving account, as one of the most popular deposits, is a Saving account, as one of the most popular deposits, is a

kind of demand deposit with limited number of withdrawals kind of demand deposit with limited number of withdrawals

during any specific period. Saving account provides principaduring any specific period. Saving account provides principa

l security and a modest interest rate. Now banks also l security and a modest interest rate. Now banks also

put some restriction on the minimum balance. If customer dothe minimum balance. If customer do

n’t maintain the minimum balance customer has to pay a pen’t maintain the minimum balance customer has to pay a pe

nalty. At present, saving account comes with many features linalty. At present, saving account comes with many features li

ke ATM and Debit Card, Cheque Book, Free Internet Bankike ATM and Debit Card, Cheque Book, Free Internet Banki

ng with Bill Pay, Fund Transfer, Prepaid mobile charging, Fng with Bill Pay, Fund Transfer, Prepaid mobile charging, F

ree Telephone Banking etc.ree Telephone Banking etc.

TextText

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Term Deposit? Term Deposit?

If you are looking for a long term safe investment optiIf you are looking for a long term safe investment opti

on, then term deposit is your best on, then term deposit is your best option. A term deposit is a s. A term deposit is a s

et term saving account - you deposit a lump sum of money for et term saving account - you deposit a lump sum of money for

a term you decide on up front. a term you decide on up front. Typically the term can be anyw the term can be anyw

here from 3 months up to 5 years. When the term comes to an here from 3 months up to 5 years. When the term comes to an

end you can choose to withdraw your deposit along with interend you can choose to withdraw your deposit along with inter

est earned or you can redeposit the funds. Typically the longer est earned or you can redeposit the funds. Typically the longer

the term the greater the returns, but sometimes a bank may hthe term the greater the returns, but sometimes a bank may h

ave special offers on a particular term such as 12 months. ave special offers on a particular term such as 12 months.

TextText

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So before you enter into a term deposit, you should first So before you enter into a term deposit, you should first

assess your future financial needs and know how much to depos your future financial needs and know how much to depos

it and how long you want the term to be. When making this decit and how long you want the term to be. When making this dec

ision, be sure to take a good hard look at the ision, be sure to take a good hard look at the foreseeable future, future,

to plan your cash flows carefully and to consider any longer terto plan your cash flows carefully and to consider any longer ter

m contingencies that may result in your having to prematurely m contingencies that may result in your having to prematurely

end the term deposit agreement. Only deposit money you are faend the term deposit agreement. Only deposit money you are fa

irly certain you will not need for the term of theirly certain you will not need for the term of thedeposit.deposit.

TextText

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Interest rate cycles influence term depositInterest rate cycles influence term deposit viability. Inte. Inte

rest rates are rest rates are cyclical. Sometimes they are high and other tim. Sometimes they are high and other tim

es, low. Make a point of understanding where the interest rates, low. Make a point of understanding where the interest rat

es are at before entering into a term deposit. This is especialles are at before entering into a term deposit. This is especiall

y valid if you opt for terms two years and longer. y valid if you opt for terms two years and longer.

Secondly, you should evaluate the different term deposit Secondly, you should evaluate the different term deposit

plans offered and choose the best banking institution. For thiplans offered and choose the best banking institution. For thi

s, you are sure to consider the following:s, you are sure to consider the following:

TextText

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☆ ☆ Minimum amount - most banking institutions have a minimum amount tMinimum amount - most banking institutions have a minimum amount t

hat has to be deposited when opening a term deposit account.hat has to be deposited when opening a term deposit account.

☆ ☆ Interest rate - These differ greatly between banks. Also check whether thInterest rate - These differ greatly between banks. Also check whether th

e rate is variable or fixed.e rate is variable or fixed.

☆ ☆ Banking fees - Some banks don't charge fees. Assure you understand the Banking fees - Some banks don't charge fees. Assure you understand the

impact of any hidden fees or charges.impact of any hidden fees or charges.

☆ ☆ Minimum term - check that the bank's minimum term matches the time Minimum term - check that the bank's minimum term matches the time

period you require.period you require.

☆ ☆ Penalty fee - Early withdrawal generally results in a penalty. Check what Penalty fee - Early withdrawal generally results in a penalty. Check what

the maximum penalty will be if you are forced to make a withdrawal before the maximum penalty will be if you are forced to make a withdrawal before

the end of the term.the end of the term.

TextText

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☆ ☆ Renewal and Withdrawal window - In the fine print, you shRenewal and Withdrawal window - In the fine print, you sh

ould look out for the automatic renewal clause. This clause genould look out for the automatic renewal clause. This clause gen

erally details that should you not withdraw your money within erally details that should you not withdraw your money within

a certain time frame after term deposit expiry, your money will a certain time frame after term deposit expiry, your money will

be re-deposited.be re-deposited.

Finally, if you are going to deposit a large amount then Finally, if you are going to deposit a large amount then

try and negotiate better terms and interest rates. There is a vertry and negotiate better terms and interest rates. There is a ver

y real chance that you will find the banks fairly ready to compry real chance that you will find the banks fairly ready to compr

omise in order to secure your term deposit business.omise in order to secure your term deposit business.

TextText

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Certificate of Deposit (CD)Certificate of Deposit (CD)

The term CD stands for Certificate of Deposit. A CThe term CD stands for Certificate of Deposit. A C

D is simply a short- to medium-length investment. CD is a gD is simply a short- to medium-length investment. CD is a g

ood way for some consumers to get higher interest rates on ood way for some consumers to get higher interest rates on

their money, but there are some issues associated with thetheir money, but there are some issues associated with the

m that consumers should know about before signing up form that consumers should know about before signing up for

one.one.

TextText

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In basic terms, CD operates like this: You will put a certIn basic terms, CD operates like this: You will put a cert

ain amount of money into the institution for a certain amount ain amount of money into the institution for a certain amount

of time. The institution will use this money for various purposof time. The institution will use this money for various purpos

es. In exchange for investing your money with them, you are pes. In exchange for investing your money with them, you are p

romised a predetermined interest rate on the money.romised a predetermined interest rate on the money.

TextText

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Buying CD is a safe way to invest money, and is very useful for certaiBuying CD is a safe way to invest money, and is very useful for certai

n people. Because it is a very low risk investment, it can be especially useful n people. Because it is a very low risk investment, it can be especially useful

for elderly people and for young people who want to get started with their sfor elderly people and for young people who want to get started with their s

avings. It is also a good way to invest for those people who have limited amoavings. It is also a good way to invest for those people who have limited amo

unts of money that they can invest. However, it does have some drawbacks. unts of money that they can invest. However, it does have some drawbacks.

For one, once you buy the CD you are not allowed to withdraw that money For one, once you buy the CD you are not allowed to withdraw that money

without without incurring a penalty fee. This is for withdrawals that take place befor a penalty fee. This is for withdrawals that take place befor

e the CD matures. Another drawback can be the length of time that a CD tae the CD matures. Another drawback can be the length of time that a CD ta

kes before it matures. This length of time can vary greatly but it is common kes before it matures. This length of time can vary greatly but it is common

for many CD's to for many CD's to mature between 1 year and 5 years. There are shorter ter between 1 year and 5 years. There are shorter ter

m CDs as well, and there are longer term CDs, some maturing at 10 to 20 yem CDs as well, and there are longer term CDs, some maturing at 10 to 20 ye

ars.ars.

TextText

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Before you buy your CD, sit down with the bank and find Before you buy your CD, sit down with the bank and find

out how the interest rate works. You may be getting a fixed ratout how the interest rate works. You may be getting a fixed rat

e on your CD or you may be getting a variable rate. It is importe on your CD or you may be getting a variable rate. It is import

ant to know which is being attached to your CD as this will affeant to know which is being attached to your CD as this will affe

ct your profit. If you are buying a jumbo CD (a CD that is over ct your profit. If you are buying a jumbo CD (a CD that is over

$100,000) make sure you talk about the issue of protection. $100,000) make sure you talk about the issue of protection.

Lastly, rates for CD vary so you may want to shop around Lastly, rates for CD vary so you may want to shop around

to find the institution that offers the best rates for your certificto find the institution that offers the best rates for your certific

ate of deposit.ate of deposit.

TextText

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disguise disguise 假装,伪装,伪装假装,伪装,伪装

物物

Text : Language PointsText : Language Points

1. He has tried all sorts of disguises. 1. He has tried all sorts of disguises.

他曾经设法找各种借口。他曾经设法找各种借口。

2. My disguise really took him in! 2. My disguise really took him in!

我的乔装确实蒙骗了他!我的乔装确实蒙骗了他!

1. He has tried all sorts of disguises. 1. He has tried all sorts of disguises.

他曾经设法找各种借口。他曾经设法找各种借口。

2. My disguise really took him in! 2. My disguise really took him in!

我的乔装确实蒙骗了他!我的乔装确实蒙骗了他!

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convenient adj. convenient adj. 方便的,便利的方便的,便利的

Text : Language PointsText : Language Points

1. When would it be convenient for you to go? 1. When would it be convenient for you to go?

你什么时候去方便?你什么时候去方便?

2. We must arrange a convenient time and place for the 2. We must arrange a convenient time and place for the

meeting. meeting.

我们必须安排一个合适的时间和地点开会。我们必须安排一个合适的时间和地点开会。

1. When would it be convenient for you to go? 1. When would it be convenient for you to go?

你什么时候去方便?你什么时候去方便?

2. We must arrange a convenient time and place for the 2. We must arrange a convenient time and place for the

meeting. meeting.

我们必须安排一个合适的时间和地点开会。我们必须安排一个合适的时间和地点开会。

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penalty penalty n. n. 处罚,罚金处罚,罚金

1. The financial penalty is appropriate. 1. The financial penalty is appropriate.

经济处罚是适当的。经济处罚是适当的。

2. Any delay of payment will be levied penalty. 2. Any delay of payment will be levied penalty.

推迟付款将会被处以罚金。推迟付款将会被处以罚金。

Text : Language PointsText : Language Points

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put restriction on sth.put restriction on sth. 对某物加以限制对某物加以限制

Text : Language PointsText : Language Points

It is unfair because at the same time restriction has been put on It is unfair because at the same time restriction has been put on

overtime. overtime.

生产目标定得不公平生产目标定得不公平 ,,因为与此同时你们又限制了加班。因为与此同时你们又限制了加班。

It is unfair because at the same time restriction has been put on It is unfair because at the same time restriction has been put on

overtime. overtime.

生产目标定得不公平生产目标定得不公平 ,,因为与此同时你们又限制了加班。因为与此同时你们又限制了加班。

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option n. option n. 选择,选择权选择,选择权

Text : Language PointsText : Language Points

1. There are four options in our college. 1. There are four options in our college.

我们大学里有四门选修科。我们大学里有四门选修科。

2. Another option to consider is volunteer work. 2. Another option to consider is volunteer work.

另一可考虑的选择是去做义务工作。另一可考虑的选择是去做义务工作。

1. There are four options in our college. 1. There are four options in our college.

我们大学里有四门选修科。我们大学里有四门选修科。

2. Another option to consider is volunteer work. 2. Another option to consider is volunteer work.

另一可考虑的选择是去做义务工作。另一可考虑的选择是去做义务工作。

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Text : Language PointsText : Language Points

typically adv. typically adv. 代表性地,作为特色地代表性地,作为特色地

1. I'd like to try something typically English. 1. I'd like to try something typically English.

我想吃点地道的英国风味菜。我想吃点地道的英国风味菜。

2. The weather in Siberia is typically continental. 2. The weather in Siberia is typically continental.

西伯利亚的气候是典型的大陆性气候。西伯利亚的气候是典型的大陆性气候。

typically adv. typically adv. 代表性地,作为特色地代表性地,作为特色地

1. I'd like to try something typically English. 1. I'd like to try something typically English.

我想吃点地道的英国风味菜。我想吃点地道的英国风味菜。

2. The weather in Siberia is typically continental. 2. The weather in Siberia is typically continental.

西伯利亚的气候是典型的大陆性气候。西伯利亚的气候是典型的大陆性气候。

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Text : Language PointsText : Language Points

assess vt. assess vt. 估定,征收估定,征收

1. The annual income of school teachers in this place was 1. The annual income of school teachers in this place was

assessed at $900.assessed at $900.

这地方的学校教师的收入为这地方的学校教师的收入为 900900美元。美元。

2. Damages were assessed at 1000 RMB. 2. Damages were assessed at 1000 RMB.

损失估计达一千元人民币。损失估计达一千元人民币。

assess vt. assess vt. 估定,征收估定,征收

1. The annual income of school teachers in this place was 1. The annual income of school teachers in this place was

assessed at $900.assessed at $900.

这地方的学校教师的收入为这地方的学校教师的收入为 900900美元。美元。

2. Damages were assessed at 1000 RMB. 2. Damages were assessed at 1000 RMB.

损失估计达一千元人民币。损失估计达一千元人民币。

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foreseeable adj. foreseeable adj. 可预知的,能预测的可预知的,能预测的

Text : Language PointsText : Language Points

1. Foreseeable costs were well within the budget. 1. Foreseeable costs were well within the budget.

可预测的花费都记入预算内了。可预测的花费都记入预算内了。

2. However, for the foreseeable future, these new books 2. However, for the foreseeable future, these new books

are likely to be bulkier than paperback books. are likely to be bulkier than paperback books.

但在可预见到的未来,这些新型书很可能比真正纸但在可预见到的未来,这些新型书很可能比真正纸

的书体积更大。的书体积更大。

1. Foreseeable costs were well within the budget. 1. Foreseeable costs were well within the budget.

可预测的花费都记入预算内了。可预测的花费都记入预算内了。

2. However, for the foreseeable future, these new books 2. However, for the foreseeable future, these new books

are likely to be bulkier than paperback books. are likely to be bulkier than paperback books.

但在可预见到的未来,这些新型书很可能比真正纸但在可预见到的未来,这些新型书很可能比真正纸

的书体积更大。的书体积更大。

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viability n. viability n. 生机,生存能力生机,生存能力

Text : Language PointsText : Language Points

1. The debate over the viability of the Net's premier retailer is really 1. The debate over the viability of the Net's premier retailer is really

about the future of e-commerce itself. about the future of e-commerce itself.

关于网络头号零售商生存能力的讨论事关电子商务自身的未来。关于网络头号零售商生存能力的讨论事关电子商务自身的未来。

2. We are also studying how to improve the financial viability of 2. We are also studying how to improve the financial viability of

projects, and we shall explore with the Housing Authority how projects, and we shall explore with the Housing Authority how

we might seek its assistance in re-housing those affected by the we might seek its assistance in re-housing those affected by the

projects. projects.

同时,我们正从财政角度研究如何提高各项重建计划的可行性。同时,我们正从财政角度研究如何提高各项重建计划的可行性。

我们会与房屋委员会商讨,希望取得 该会协助,安置受重建计 我们会与房屋委员会商讨,希望取得 该会协助,安置受重建计

划影响的人士。划影响的人士。

1. The debate over the viability of the Net's premier retailer is really 1. The debate over the viability of the Net's premier retailer is really

about the future of e-commerce itself. about the future of e-commerce itself.

关于网络头号零售商生存能力的讨论事关电子商务自身的未来。关于网络头号零售商生存能力的讨论事关电子商务自身的未来。

2. We are also studying how to improve the financial viability of 2. We are also studying how to improve the financial viability of

projects, and we shall explore with the Housing Authority how projects, and we shall explore with the Housing Authority how

we might seek its assistance in re-housing those affected by the we might seek its assistance in re-housing those affected by the

projects. projects.

同时,我们正从财政角度研究如何提高各项重建计划的可行性。同时,我们正从财政角度研究如何提高各项重建计划的可行性。

我们会与房屋委员会商讨,希望取得 该会协助,安置受重建计 我们会与房屋委员会商讨,希望取得 该会协助,安置受重建计

划影响的人士。划影响的人士。

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cyclicalcyclical adj. adj. 周期的,循环的周期的,循环的

Text : Language PointsText : Language Points

1. The cyclical economic crises inheres in capitalism. 1. The cyclical economic crises inheres in capitalism.

周期经济危机是资本主义制度所固有的。周期经济危机是资本主义制度所固有的。

2. The rise and fall in demand in accordance to economic 2. The rise and fall in demand in accordance to economic

activities is the cyclical factor. activities is the cyclical factor.

供需情况依经济活动而变化是周期因素。供需情况依经济活动而变化是周期因素。

1. The cyclical economic crises inheres in capitalism. 1. The cyclical economic crises inheres in capitalism.

周期经济危机是资本主义制度所固有的。周期经济危机是资本主义制度所固有的。

2. The rise and fall in demand in accordance to economic 2. The rise and fall in demand in accordance to economic

activities is the cyclical factor. activities is the cyclical factor.

供需情况依经济活动而变化是周期因素。供需情况依经济活动而变化是周期因素。

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incur v. incur v. 招致,承受招致,承受

Text : Language PointsText : Language Points

1. People who smoke incur a great danger to th1. People who smoke incur a great danger to th

eir health. eir health.

吸烟的人对他们的身心招致了很大的危险。吸烟的人对他们的身心招致了很大的危险。

2. Loss incur through this mishap amount 20002. Loss incur through this mishap amount 2000

0 dollars which debit your a/c. 0 dollars which debit your a/c.

此次灾祸致两万美元之损失,须由你方负担。此次灾祸致两万美元之损失,须由你方负担。

1. People who smoke incur a great danger to th1. People who smoke incur a great danger to th

eir health. eir health.

吸烟的人对他们的身心招致了很大的危险。吸烟的人对他们的身心招致了很大的危险。

2. Loss incur through this mishap amount 20002. Loss incur through this mishap amount 2000

0 dollars which debit your a/c. 0 dollars which debit your a/c.

此次灾祸致两万美元之损失,须由你方负担。此次灾祸致两万美元之损失,须由你方负担。

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1. You can not withdraw your CD before it is mature. 1. You can not withdraw your CD before it is mature.

在大额存单到期之前不得提取。在大额存单到期之前不得提取。

2. The bill matures today. 2. The bill matures today.

期票今日到期。期票今日到期。

Text : Language PointsText : Language Points

mature adj. mature adj. 成熟的,到期的 成熟的,到期的 v. v. 到期到期mature adj. mature adj. 成熟的,到期的 成熟的,到期的 v. v. 到期到期

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ListeningListening

TextText

5.3 BANK LOANS5.3 BANK LOANS5.3 BANK LOANS5.3 BANK LOANS

Listen carefully to the third part of the text and theListen carefully to the third part of the text and then try to translate it. n try to translate it.

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5.3 BANK LOANS5.3 BANK LOANS

Beyond their roles of taking in deposits, banks also conduBeyond their roles of taking in deposits, banks also condu

ct loan business. There are diversity of loan types according to ct loan business. There are diversity of loan types according to

different different criteria as commercial loans, agricultural loans, real as commercial loans, agricultural loans, real

estate loans, consumption loans in line with usage; demand loestate loans, consumption loans in line with usage; demand lo

ans, term loans and ans, term loans and overdrafts s in line with terms, etc.terms, etc.

TextText

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The Importance of Loans The Importance of Loans

Everyone needs to hold some money at every stage Everyone needs to hold some money at every stage

of their life for paying travel expenses, shopping for groceriof their life for paying travel expenses, shopping for groceri

es, purchasing cars and so on. However, sometimes when tes, purchasing cars and so on. However, sometimes when t

hey are eager to buy their favorite stuff, they are short of mhey are eager to buy their favorite stuff, they are short of m

oney. Will they have to give up their desire? Maybe not. Thoney. Will they have to give up their desire? Maybe not. Th

ere is a solution for the shortage of money, that is, Loans frere is a solution for the shortage of money, that is, Loans fr

om banks.om banks.

TextText

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Loans are provided to people for such critical circumstanLoans are provided to people for such critical circumstan

ces which may occur at any time. In anyone's life a situation mces which may occur at any time. In anyone's life a situation m

ay come when all of sudden you require cash and you do not waay come when all of sudden you require cash and you do not wa

nt to borrow cash from your friends or relatives. Any kind of nt to borrow cash from your friends or relatives. Any kind of

emergency may occur when you need huge amount of money. T may occur when you need huge amount of money. T

here are various types of loans like home loans, student loan, bhere are various types of loans like home loans, student loan, b

usiness loan etc. You can take any type of loan you need. For eausiness loan etc. You can take any type of loan you need. For ea

ch and every kind of need, loans are available.ch and every kind of need, loans are available.

Text : Language PointsText : Language Points

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Home loans are available for general home purposes lHome loans are available for general home purposes l

ike buying a ike buying a luxurious new house or a new car, home imp new house or a new car, home imp

rovement or decoration etc. Many of your desires can be rovement or decoration etc. Many of your desires can be

fulfilled by this loan. Student loan as it itself shows is thafulfilled by this loan. Student loan as it itself shows is tha

t it is provided basically to students for higher education. t it is provided basically to students for higher education.

Students who want to study more but can not Students who want to study more but can not afford can can

get apply for such loans and continue their studies.get apply for such loans and continue their studies.

Text : Language PointsText : Language Points

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To start a new business you need a large amount of To start a new business you need a large amount of

money. A person willing to set up a business may not have money. A person willing to set up a business may not have

that much cash which can satisfy his requirements. For thithat much cash which can satisfy his requirements. For thi

s business loans are available. You can get business loans ts business loans are available. You can get business loans t

o start and well establish a new business in market.o start and well establish a new business in market.

Text : Language PointsText : Language Points

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Tips to Get a Bank LoanTips to Get a Bank Loan

Whatever may be the kind of loan, all have full fledWhatever may be the kind of loan, all have full fled

ged facilities. All kind of loans have their own importance. ged facilities. All kind of loans have their own importance.

Above all, need of money explains the importance of loan. HAbove all, need of money explains the importance of loan. H

owever, applying for loan is not as easy as your needs of moowever, applying for loan is not as easy as your needs of mo

ney. Sometimes your application may be ney. Sometimes your application may be declined by certain d by certain

banks. So how can you get a loan to start your business? Hebanks. So how can you get a loan to start your business? He

re are some tips:re are some tips:

Text : Language PointsText : Language Points

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The Three `c's`?The Three `c's`?

Traditionally bankers look at what are called the tTraditionally bankers look at what are called the t

hree `c's`: character, credit and hree `c's`: character, credit and collateral. .

Text : Language PointsText : Language Points

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Character means more than not having a criminal record. It Character means more than not having a criminal record. It

means that the banker feels confident that you are not going to suddenmeans that the banker feels confident that you are not going to sudden

ly disappear for parts unknown if the business runs into trouble. Specily disappear for parts unknown if the business runs into trouble. Speci

fically bankers like to see ties to the community such as long fically bankers like to see ties to the community such as long residence, ,

family ties, and home ownership. A clean credit history is important. A family ties, and home ownership. A clean credit history is important. A

couple late credit card payments shouldn't be a factor, but missing couple late credit card payments shouldn't be a factor, but missing

mortgage payments for three months in a row will require a good explapayments for three months in a row will require a good expla

nation. Bankers like good character and good credit, but they live for snation. Bankers like good character and good credit, but they live for s

olid collateral. Equipment, buildings and trucks--that's the kind of stufolid collateral. Equipment, buildings and trucks--that's the kind of stuf

f that bankers really like for collateral--solid value and likely to be worf that bankers really like for collateral--solid value and likely to be wor

th a lot even if the business goes bust. th a lot even if the business goes bust. Inventory, raw material and good, raw material and good

s are second choices for collateral--they will lose their value more quics are second choices for collateral--they will lose their value more quic

kly than fixed assets but still be worth something.kly than fixed assets but still be worth something.

Text : Language PointsText : Language Points

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Rules of Thumbs for Getting a LoanRules of Thumbs for Getting a Loan

The criteria for business loans varies much more The criteria for business loans varies much more

widely than for consumer loans and often varies quite a bwidely than for consumer loans and often varies quite a b

it from one banker to the next at even the same bank! it from one banker to the next at even the same bank!

However here are some rules of thumbs to give yHowever here are some rules of thumbs to give y

ou an idea of your chances of getting a loan.ou an idea of your chances of getting a loan.

Text : Language PointsText : Language Points

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§ § Fixed assets such as machinery or buildings can almost always bsuch as machinery or buildings can almost always be financed. e financed.

§ Current assets such as inventory or goods in process increase yo§ Current assets such as inventory or goods in process increase your loan chances. ur loan chances.

§2+ years of profitable operation greatly increases your loan chan§2+ years of profitable operation greatly increases your loan chances. ces.

§The larger the owner's investment in the business the better your §The larger the owner's investment in the business the better your chances of getting a loan. chances of getting a loan.

§ Loans to small corporations will often have to be personally § Loans to small corporations will often have to be personally guaranteed by a shareholder. by a shareholder.

Text : Language PointsText : Language Points

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§ Don't just show up in person--first make an appointment by phone. As§ Don't just show up in person--first make an appointment by phone. As

k the receptionist in the bank or the loan department for the name of the ak the receptionist in the bank or the loan department for the name of the a

ppropriate person who would handle your loan request. Of course it would ppropriate person who would handle your loan request. Of course it would

be better, but not necessary, to get a be better, but not necessary, to get a referral from a friend or advisor such from a friend or advisor such

as your lawyer or accountant. When you get the name of the appropriate las your lawyer or accountant. When you get the name of the appropriate l

oan officer simply ask for an appointment. Don't offer any more details ovoan officer simply ask for an appointment. Don't offer any more details ov

er the phone, unless the loan officer requests them. The more details you ofer the phone, unless the loan officer requests them. The more details you of

fer over the phone, the greater the chances you won't get the appointment fer over the phone, the greater the chances you won't get the appointment

at all. Sound at all. Sound confident. Sound matter of fact. Sound like you don't even nee. Sound matter of fact. Sound like you don't even nee

d the money... that's the kind of person that loan officers like to lend to.d the money... that's the kind of person that loan officers like to lend to.

Text : Language PointsText : Language Points

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§ Before approaching a banker about a loan, it is § Before approaching a banker about a loan, it is imperative to prepare a det to prepare a det

ailed cash flow forecast to determine how much capital you need, and how aailed cash flow forecast to determine how much capital you need, and how a

nd when the loan will be repaid. To the banker, the cash flow forecasts--and nd when the loan will be repaid. To the banker, the cash flow forecasts--and

historical financial statements--are extremely critical. The banker wants to chistorical financial statements--are extremely critical. The banker wants to c

reate great wealth out of his participation in your company. The banker has reate great wealth out of his participation in your company. The banker has

more modest goals--to get his money back with a specified rate of interest--bmore modest goals--to get his money back with a specified rate of interest--b

ut he is much more concerned about timing--getting the interest and principut he is much more concerned about timing--getting the interest and princip

al back from you at prearranged points in time--and in protecting his original back from you at prearranged points in time--and in protecting his origin

al investment. The banker, too, responds to forecasts that are realistic and cal investment. The banker, too, responds to forecasts that are realistic and c

ontaining detailed assumptions. Just as the ontaining detailed assumptions. Just as the venture capitalist is tired of readi capitalist is tired of readi

ng Business Plans with ridiculous or ng Business Plans with ridiculous or unsubstantiated projections, the banker projections, the banker

appreciates well-thought out numbers grounded in reality.s well-thought out numbers grounded in reality.

Text : Language PointsText : Language Points

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How to Get the Bank's Money, Even When the Bank Says `No!`How to Get the Bank's Money, Even When the Bank Says `No!`

Banks have much more lenient standards for lending to consBanks have much more lenient standards for lending to cons

umers than to businesses. So what you can do is borrow the money froumers than to businesses. So what you can do is borrow the money fro

m the bank as a consumer and then turn around and personally invest m the bank as a consumer and then turn around and personally invest

the funds in your business. Just make sure that you never lie how abouthe funds in your business. Just make sure that you never lie how abou

t you are going to use the proceeds on a loan application. For example t you are going to use the proceeds on a loan application. For example

you could apply for a home equity loan to tap any available equity in yyou could apply for a home equity loan to tap any available equity in y

our house. Then take the funds and invest them in your business. The our house. Then take the funds and invest them in your business. The

bank feels safer because their statistics show that home equity loans or bank feels safer because their statistics show that home equity loans or

much more likely to be repaid than loans for brand new businesses. No much more likely to be repaid than loans for brand new businesses. No

equity in your home? Maybe you can get a car loan?equity in your home? Maybe you can get a car loan?

Text : Language PointsText : Language Points

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Criteria n. Criteria n. 标准标准

Text : Language PointsText : Language Points

Environmental standards are an important component of CEnvironmental standards are an important component of C

hina's environmental statutory framework. They include ehina's environmental statutory framework. They include e

nvironmental quality standards, pollutant discharge or eminvironmental quality standards, pollutant discharge or emi

ssion standards, basic environmental criteria, criteria for sssion standards, basic environmental criteria, criteria for s

amples, and criteria for methodology. amples, and criteria for methodology.

环境标准是中国环境法律体系的一个重要组成部分,环境标准是中国环境法律体系的一个重要组成部分,包括环境质量标准、污染物排放标准、环境基础标准、包括环境质量标准、污染物排放标准、环境基础标准、样品标准和方法标准。样品标准和方法标准。

Environmental standards are an important component of CEnvironmental standards are an important component of C

hina's environmental statutory framework. They include ehina's environmental statutory framework. They include e

nvironmental quality standards, pollutant discharge or eminvironmental quality standards, pollutant discharge or emi

ssion standards, basic environmental criteria, criteria for sssion standards, basic environmental criteria, criteria for s

amples, and criteria for methodology. amples, and criteria for methodology.

环境标准是中国环境法律体系的一个重要组成部分,环境标准是中国环境法律体系的一个重要组成部分,包括环境质量标准、污染物排放标准、环境基础标准、包括环境质量标准、污染物排放标准、环境基础标准、样品标准和方法标准。样品标准和方法标准。

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overdraft n. overdraft n. 透支,透支额透支,透支额

Text : Language PointsText : Language Points

1. The bank have allow me an overdraft of 5,000 pounds. 1. The bank have allow me an overdraft of 5,000 pounds.

银行允许我透支银行允许我透支 50005000英镑。英镑。

2. We honored the check as the overdraft was only 5 yuan. 2. We honored the check as the overdraft was only 5 yuan.

我们承兑这张支票的透支额只有我们承兑这张支票的透支额只有 55元。元。

1. The bank have allow me an overdraft of 5,000 pounds. 1. The bank have allow me an overdraft of 5,000 pounds.

银行允许我透支银行允许我透支 50005000英镑。英镑。

2. We honored the check as the overdraft was only 5 yuan. 2. We honored the check as the overdraft was only 5 yuan.

我们承兑这张支票的透支额只有我们承兑这张支票的透支额只有 55元。元。

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in line with in line with 符合,一致符合,一致

Text : Language PointsText : Language Points

1. in line with the marker price 1. in line with the marker price

与市价相符与市价相符

2.This plan is in line with my ideas. 2.This plan is in line with my ideas.

此计划符合我的想法。此计划符合我的想法。

1. in line with the marker price 1. in line with the marker price

与市价相符与市价相符

2.This plan is in line with my ideas. 2.This plan is in line with my ideas.

此计划符合我的想法。此计划符合我的想法。

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emergency n. emergency n. 紧急情况,紧急事件紧急情况,紧急事件

Text : Language PointsText : Language Points

1. ready for emergency use. 1. ready for emergency use.

准备在突然事件中使用。准备在突然事件中使用。

2. The nation has worked out emergency measures 2. The nation has worked out emergency measures

for extraordinary flood for extraordinary flood

国家已经制定了超标准洪水紧急措施。国家已经制定了超标准洪水紧急措施。

1. ready for emergency use. 1. ready for emergency use.

准备在突然事件中使用。准备在突然事件中使用。

2. The nation has worked out emergency measures 2. The nation has worked out emergency measures

for extraordinary flood for extraordinary flood

国家已经制定了超标准洪水紧急措施。国家已经制定了超标准洪水紧急措施。

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luxurious adj. luxurious adj. 豪华的,奢侈的豪华的,奢侈的

Text : Language PointsText : Language Points

1. An extravagant or luxurious style of living. 1. An extravagant or luxurious style of living.

奢侈地或豪华的生活方式奢侈地或豪华的生活方式

2. CTO refers to a small but luxurious nightclub. 2. CTO refers to a small but luxurious nightclub.

CTO CTO 指的是一家很小却很豪华的夜总会。指的是一家很小却很豪华的夜总会。

1. An extravagant or luxurious style of living. 1. An extravagant or luxurious style of living.

奢侈地或豪华的生活方式奢侈地或豪华的生活方式

2. CTO refers to a small but luxurious nightclub. 2. CTO refers to a small but luxurious nightclub.

CTO CTO 指的是一家很小却很豪华的夜总会。指的是一家很小却很豪华的夜总会。

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afford v. afford v. 买得起,买得起,提供提供

Text : Language PointsText : Language Points

1. Could we afford a holiday? 1. Could we afford a holiday?

我们我们有没有钱去度一次假?有没有钱去度一次假?

2. The records afford no explanation. 2. The records afford no explanation.

这记录没有任何说明。这记录没有任何说明。

1. Could we afford a holiday? 1. Could we afford a holiday?

我们我们有没有钱去度一次假?有没有钱去度一次假?

2. The records afford no explanation. 2. The records afford no explanation.

这记录没有任何说明。这记录没有任何说明。

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decline v. decline v. 谢绝,下降谢绝,下降

Text : Language PointsText : Language Points

1. He declined the nomination. 1. He declined the nomination.

他谢绝提名。他谢绝提名。

2. Membership decline to three thousands. 2. Membership decline to three thousands.

会员减少到了会员减少到了 30003000人。人。

1. He declined the nomination. 1. He declined the nomination.

他谢绝提名。他谢绝提名。

2. Membership decline to three thousands. 2. Membership decline to three thousands.

会员减少到了会员减少到了 30003000人。人。

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collateral adj. collateral adj. 附属的,关联的;附属的,关联的; n. n. 担保品担保品

Text : Language PointsText : Language Points

1. cousins are collateral relatives; an indirect descendant of 1. cousins are collateral relatives; an indirect descendant of

the Stuarts. the Stuarts.

堂兄弟姊妹表兄弟姊妹是旁系亲属;英国斯图亚特王室堂兄弟姊妹表兄弟姊妹是旁系亲属;英国斯图亚特王室

的旁系后裔。的旁系后裔。

2. Collateral——The collateral for loans may consist of a 2. Collateral——The collateral for loans may consist of a

variety of borrowers' assets. variety of borrowers' assets.

——担保品 贷款的担保品可由借款人的多种资产组成。——担保品 贷款的担保品可由借款人的多种资产组成。

1. cousins are collateral relatives; an indirect descendant of 1. cousins are collateral relatives; an indirect descendant of

the Stuarts. the Stuarts.

堂兄弟姊妹表兄弟姊妹是旁系亲属;英国斯图亚特王室堂兄弟姊妹表兄弟姊妹是旁系亲属;英国斯图亚特王室

的旁系后裔。的旁系后裔。

2. Collateral——The collateral for loans may consist of a 2. Collateral——The collateral for loans may consist of a

variety of borrowers' assets. variety of borrowers' assets.

——担保品 贷款的担保品可由借款人的多种资产组成。——担保品 贷款的担保品可由借款人的多种资产组成。

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residence n. residence n. 住宅,住房,居住地住宅,住房,居住地

Text : Language PointsText : Language Points

1. This is his late residence. 1. This is his late residence.

这是他新近的住处。这是他新近的住处。

2. Here is our permanent residence 2. Here is our permanent residence

这里是我们的永久住处。这里是我们的永久住处。

1. This is his late residence. 1. This is his late residence.

这是他新近的住处。这是他新近的住处。

2. Here is our permanent residence 2. Here is our permanent residence

这里是我们的永久住处。这里是我们的永久住处。

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mortgage n. mortgage n. 抵押,抵押品抵押,抵押品

Text : Language PointsText : Language Points

1. He redeemed the mortgage. 1. He redeemed the mortgage.

他赎回了抵押品。他赎回了抵押品。

2. The house is mortgage. 2. The house is mortgage.

这房屋作为贷款抵押了。这房屋作为贷款抵押了。

1. He redeemed the mortgage. 1. He redeemed the mortgage.

他赎回了抵押品。他赎回了抵押品。

2. The house is mortgage. 2. The house is mortgage.

这房屋作为贷款抵押了。这房屋作为贷款抵押了。

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iinventory n. nventory n. 目录, 存货 目录, 存货

Text : Language PointsText : Language Points

1. He checked the kitchen against the inventory. 1. He checked the kitchen against the inventory.

他根据清单检查厨房设施。他根据清单检查厨房设施。

2. Among the inventory were many articles of price. 2. Among the inventory were many articles of price.

存货中有许多贵重物品。存货中有许多贵重物品。

1. He checked the kitchen against the inventory. 1. He checked the kitchen against the inventory.

他根据清单检查厨房设施。他根据清单检查厨房设施。

2. Among the inventory were many articles of price. 2. Among the inventory were many articles of price.

存货中有许多贵重物品。存货中有许多贵重物品。

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ffixed asset ixed asset 固定资产固定资产

Text : Language PointsText : Language Points

A package of polices were adopted like increasing tax A package of polices were adopted like increasing tax

refunds to exporters, reinstating personal income tax on refunds to exporters, reinstating personal income tax on

depository interest of residents, cutting regulation tax on depository interest of residents, cutting regulation tax on

fixed asset investment orientation by half etc. fixed asset investment orientation by half etc.

出台了包括提高出口退税率、对居民储蓄存款利息所得恢出台了包括提高出口退税率、对居民储蓄存款利息所得恢

复征收个人所得税、减半征收固定资产投资方向调节税等复征收个人所得税、减半征收固定资产投资方向调节税等

在内的多项调控政策。在内的多项调控政策。

A package of polices were adopted like increasing tax A package of polices were adopted like increasing tax

refunds to exporters, reinstating personal income tax on refunds to exporters, reinstating personal income tax on

depository interest of residents, cutting regulation tax on depository interest of residents, cutting regulation tax on

fixed asset investment orientation by half etc. fixed asset investment orientation by half etc.

出台了包括提高出口退税率、对居民储蓄存款利息所得恢出台了包括提高出口退税率、对居民储蓄存款利息所得恢

复征收个人所得税、减半征收固定资产投资方向调节税等复征收个人所得税、减半征收固定资产投资方向调节税等

在内的多项调控政策。在内的多项调控政策。

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guarantee v. guarantee v. 保证 保证 n. n. 保证,抵押品保证,抵押品

Text : Language PointsText : Language Points

1. But I can't guarantee. 1. But I can't guarantee.

但我不能保证。但我不能保证。

2. Blue skies are not always a guarantee of 2. Blue skies are not always a guarantee of

fine weather. fine weather.

蔚蓝蔚蓝的天空并不永远保证晴朗的天气。的天空并不永远保证晴朗的天气。

1. But I can't guarantee. 1. But I can't guarantee.

但我不能保证。但我不能保证。

2. Blue skies are not always a guarantee of 2. Blue skies are not always a guarantee of

fine weather. fine weather.

蔚蓝蔚蓝的天空并不永远保证晴朗的天气。的天空并不永远保证晴朗的天气。

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referral n. referral n. 参考,介绍参考,介绍

Text : Language PointsText : Language Points

Members of the public can make appointments to see volunteer Members of the public can make appointments to see volunteer

lawyers through one of the 120 referral agencies, which include lawyers through one of the 120 referral agencies, which include

all District Offices, Caritas Services Centres and the Social all District Offices, Caritas Services Centres and the Social

Welfare Department. Welfare Department.

市民无须通过经济审查,即可使用这项服务。市民可透过该计市民无须通过经济审查,即可使用这项服务。市民可透过该计

划的转介机构约见义务律师。转介机构共有划的转介机构约见义务律师。转介机构共有 120120个,包括各区个,包括各区

民政事务处、明爱服务中心和社会福利署。民政事务处、明爱服务中心和社会福利署。

Members of the public can make appointments to see volunteer Members of the public can make appointments to see volunteer

lawyers through one of the 120 referral agencies, which include lawyers through one of the 120 referral agencies, which include

all District Offices, Caritas Services Centres and the Social all District Offices, Caritas Services Centres and the Social

Welfare Department. Welfare Department.

市民无须通过经济审查,即可使用这项服务。市民可透过该计市民无须通过经济审查,即可使用这项服务。市民可透过该计

划的转介机构约见义务律师。转介机构共有划的转介机构约见义务律师。转介机构共有 120120个,包括各区个,包括各区

民政事务处、明爱服务中心和社会福利署。民政事务处、明爱服务中心和社会福利署。

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Confident adj. Confident adj. 确信的,有信心的确信的,有信心的

1. We are confident of success. 1. We are confident of success.

我们有信心能成功。我们有信心能成功。

2. I am confident in him.  2. I am confident in him. 

我对他有相信。我对他有相信。

Text : Language PointsText : Language Points

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imperative adj. imperative adj. 绝对必要的,紧急的; 绝对必要的,紧急的; n. n. 命令,必要的命令,必要的事事

Text : Language PointsText : Language Points

1. It's imperative to inform them all.1. It's imperative to inform them all.

有必要通知他们所有的人。有必要通知他们所有的人。

2. It's imperative that he (should) not be seen here. 2. It's imperative that he (should) not be seen here.

他不应该呆在这儿。他不应该呆在这儿。

3. Survival is our first imperative. 3. Survival is our first imperative.

我们当务之急是设法生存下来。我们当务之急是设法生存下来。

1. It's imperative to inform them all.1. It's imperative to inform them all.

有必要通知他们所有的人。有必要通知他们所有的人。

2. It's imperative that he (should) not be seen here. 2. It's imperative that he (should) not be seen here.

他不应该呆在这儿。他不应该呆在这儿。

3. Survival is our first imperative. 3. Survival is our first imperative.

我们当务之急是设法生存下来。我们当务之急是设法生存下来。

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venture v. venture v. 敢于冒险 敢于冒险 n. n. 冒险,风险冒险,风险

Text : Language PointsText : Language Points

1. I venture to disagree.1. I venture to disagree.

恕我不敢苟同。恕我不敢苟同。

2. we have plenty of venture evaluation and review 2. we have plenty of venture evaluation and review

techniques. techniques.

我们拥有大量的风险协调技术。我们拥有大量的风险协调技术。

1. I venture to disagree.1. I venture to disagree.

恕我不敢苟同。恕我不敢苟同。

2. we have plenty of venture evaluation and review 2. we have plenty of venture evaluation and review

techniques. techniques.

我们拥有大量的风险协调技术。我们拥有大量的风险协调技术。

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unsubstantiated adj. unsubstantiated adj. 无确实根据的无确实根据的

Text : Language PointsText : Language Points

One widely reported (but unsubstantiated story) is that One widely reported (but unsubstantiated story) is that

the two have exchanged e? mails for several years. the two have exchanged e? mails for several years.

一个广为报道但未经证实的消息说,他们两位曾经互寄一个广为报道但未经证实的消息说,他们两位曾经互寄

电子邮件多年。电子邮件多年。

One widely reported (but unsubstantiated story) is that One widely reported (but unsubstantiated story) is that

the two have exchanged e? mails for several years. the two have exchanged e? mails for several years.

一个广为报道但未经证实的消息说,他们两位曾经互寄一个广为报道但未经证实的消息说,他们两位曾经互寄

电子邮件多年。电子邮件多年。

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appreciate v. appreciate v. 欣赏,珍惜,鉴别欣赏,珍惜,鉴别

Text : Language PointsText : Language Points

1. We all appreciate the holiday after a year of hard work. 1. We all appreciate the holiday after a year of hard work.

经过一年的辛苦工作之后经过一年的辛苦工作之后 , , 我们都十分珍惜这个假期我们都十分珍惜这个假期。。

2. A musician can appreciate small differences in sounds. 2. A musician can appreciate small differences in sounds.

音乐家能辨别声音中极细微的差别。音乐家能辨别声音中极细微的差别。

3. We shall appreciate hearing from you again. 3. We shall appreciate hearing from you again.

我们恭候佳音。我们恭候佳音。

1. We all appreciate the holiday after a year of hard work. 1. We all appreciate the holiday after a year of hard work.

经过一年的辛苦工作之后经过一年的辛苦工作之后 , , 我们都十分珍惜这个假期我们都十分珍惜这个假期。。

2. A musician can appreciate small differences in sounds. 2. A musician can appreciate small differences in sounds.

音乐家能辨别声音中极细微的差别。音乐家能辨别声音中极细微的差别。

3. We shall appreciate hearing from you again. 3. We shall appreciate hearing from you again.

我们恭候佳音。我们恭候佳音。

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I. Study questions. I. Study questions.

1. What are the core businesses conducted by banks?1. What are the core businesses conducted by banks?

2.Can you tell how to get a loan from bank without bei2.Can you tell how to get a loan from bank without bei

ng turned down? ng turned down?

3. How many types of loans do we have? With what cr3. How many types of loans do we have? With what cr

iteria do we classify them?iteria do we classify them?

ExercisesExercises

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AnswersAnswers ::

1. There are mainly two core businesses conducted by all banks:1. There are mainly two core businesses conducted by all banks:

deposits and loans. deposits and loans.

ExercisesExercises

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2. Fixed assets such as machinery or buildings can alm2. Fixed assets such as machinery or buildings can almost always be financed. ost always be financed.

– Current assets such as inventory or goods in procesCurrent assets such as inventory or goods in process increase your loan chances. s increase your loan chances.

– 2+ years of profitable operation greatly increases y2+ years of profitable operation greatly increases your loan chances. our loan chances.

– The larger the owner's investment in the business tThe larger the owner's investment in the business the better your chances of getting a loanhe better your chances of getting a loan ;;

– Loans to small corporations will often have to be pLoans to small corporations will often have to be personally guaranteed by a shareholder. ersonally guaranteed by a shareholder.

– Don‘t just show up in person.Don‘t just show up in person.

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3. There is diversity of loan types according to 3. There is diversity of loan types according to

different criteria as commercial loans, agricudifferent criteria as commercial loans, agricu

ltural loans, real estate loans, consumption loltural loans, real estate loans, consumption lo

ans in line with usage; demand loans, term loans in line with usage; demand loans, term lo

ans and overdrafts in line with terms, etc.ans and overdrafts in line with terms, etc.

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II. Filling in the blanks according to what you have learned. II. Filling in the blanks according to what you have learned.

1. Home loans are available for1. Home loans are available for like buying a lulike buying a lu

xurious new house or a new car, etc. Student loan as it itxurious new house or a new car, etc. Student loan as it it

self shows is that it is provided basically to students for self shows is that it is provided basically to students for

. Students who want to study more but can not . Students who want to study more but can not

can get apply for such loans and continue their can get apply for such loans and continue their

studies.studies.

2. When a banker evaluates a borrower’s character, he lik2. When a banker evaluates a borrower’s character, he lik

es to see the latter’s ties to the community such as long res to see the latter’s ties to the community such as long r

esidence, esidence, andand ..

ExercisesExercises

Check-upCheck-up

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II. Filling in the blanks according to what you have learned. II. Filling in the blanks according to what you have learned.

1. Home loans are available for1. Home loans are available for general home purposes general home purposes li li

ke buying a luxurious new house or a new car, etc. Studeke buying a luxurious new house or a new car, etc. Stude

nt loan as it itself shows is that it is provided basically to nt loan as it itself shows is that it is provided basically to

students forstudents for higher education higher education. Students who want to stu. Students who want to stu

dy more but can not dy more but can not afford afford can get apply for such loans can get apply for such loans

and continue their studies.and continue their studies.

2. When a banker evaluates a borrower’s character, he lik2. When a banker evaluates a borrower’s character, he lik

es to see the latter’s ties to the community such as long res to see the latter’s ties to the community such as long r

esidence, esidence, family tiesfamily ties and and home ownershiphome ownership..

ExercisesExercises

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– 3. While applying for a loan, current assets such as3. While applying for a loan, current assets such as

or goods can increase your loan chances. or goods can increase your loan chances.

– 4. If you want to get a loan, there is a tip you shoul4. If you want to get a loan, there is a tip you should follow: first d follow: first by phone. Ask the receby phone. Ask the receptionist in the bank or the loan department for ptionist in the bank or the loan department for who would handle your loan request. Of who would handle your loan request. Of course it would be better, but not necessary, to get a course it would be better, but not necessary, to get a from a friend or advisor such as your lafrom a friend or advisor such as your lawyer or accountant.wyer or accountant.

Check-upCheck-up

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– 3. While applying for a loan, current assets such as3. While applying for a loan, current assets such as inventory inventory or goods can increase your loan chances. or goods can increase your loan chances.

– 4. If you want to get a loan, there is a tip you shoul4. If you want to get a loan, there is a tip you should follow: first d follow: first make an appointmentmake an appointment by phone. Ask t by phone. Ask the receptionist in the bank or the loan department fhe receptionist in the bank or the loan department for or the name of the appropriate personthe name of the appropriate person who would h who would handle your loan request. Of course it would be betteandle your loan request. Of course it would be better, but not necessary, to get a r, but not necessary, to get a referralreferral from a friend o from a friend or advisor such as your lawyer or accountant.r advisor such as your lawyer or accountant.

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III. TranslationIII. Translation

1. The rate on a personal loan is linked to the base rate at t1. The rate on a personal loan is linked to the base rate at t

he time when the loan is made, but it is always higher than the time when the loan is made, but it is always higher than t

he base rate.he base rate.

2. Bank mortgages are made at floating rates, most of whic2. Bank mortgages are made at floating rates, most of whic

h are made specially for buying or improving homes. h are made specially for buying or improving homes.

3. Most bank customers consider overdrafts a costly nuisan3. Most bank customers consider overdrafts a costly nuisan

ce.ce.

ExercisesExercises

Check-upCheck-upCheck-upCheck-up

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AnswersAnswers

1. 1. 个人贷款的利率与发放贷款时的基本利率有关,但往往个人贷款的利率与发放贷款时的基本利率有关,但往往比基本利率高。比基本利率高。

2. 2. 银行抵押贷款按照浮动利率发放,多数抵押贷款是专银行抵押贷款按照浮动利率发放,多数抵押贷款是专门用于购买或改善住房的。门用于购买或改善住房的。

3. 3. 多数银行客户认为支票透支是一种昂贵的、令人讨厌的多数银行客户认为支票透支是一种昂贵的、令人讨厌的事情。事情。

ExercisesExercises

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4. In practice, these small deposits can often be withdrawn w4. In practice, these small deposits can often be withdrawn without notice. ithout notice.

5. Banks play an important role in the creation of money. M5. Banks play an important role in the creation of money. Modern banking evolved from the services provided in the Midodern banking evolved from the services provided in the Middle Ages by goldsmiths. Goldsmiths made jewelry and decordle Ages by goldsmiths. Goldsmiths made jewelry and decorative objects and kept a stock of gold for their own use. Becaative objects and kept a stock of gold for their own use. Because they maintained safe storage facilities, goldsmiths began use they maintained safe storage facilities, goldsmiths began storing other people’s gold. They issued receipts for gold left storing other people’s gold. They issued receipts for gold left with them. Depositors often found it more convenient to use twith them. Depositors often found it more convenient to use those receipts as money than to retrieve (hose receipts as money than to retrieve ( 找回找回 ) the gold. The ) the gold. The receipts began to circulate as currency, fully redeemable in greceipts began to circulate as currency, fully redeemable in gold. Goldsmiths were thus the earliest bankers.old. Goldsmiths were thus the earliest bankers.

ExercisesExercises

Check-upCheck-upCheck-upCheck-up

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4. 4. 在实践中在实践中 // 实际操作中,这些小额存款的支取经常是没实际操作中,这些小额存款的支取经常是没有通知。有通知。

5. 5. 银行在创造货币的方面发挥着重要的作用。现代银行银行在创造货币的方面发挥着重要的作用。现代银行起源于中世纪金匠提供的服务。金匠生产首饰、装饰物并起源于中世纪金匠提供的服务。金匠生产首饰、装饰物并且留下黄金自用。由于备有安全储藏措施,他们开始储藏且留下黄金自用。由于备有安全储藏措施,他们开始储藏别人的黄金。他们为那些让他们保管黄金的人开具收据。别人的黄金。他们为那些让他们保管黄金的人开具收据。存放着经常发现吧收据用作货币要不取回黄金更方便。于存放着经常发现吧收据用作货币要不取回黄金更方便。于是这些收据开始作为货币流通,并完全可以换成黄金。金是这些收据开始作为货币流通,并完全可以换成黄金。金匠因而成为最早的银行家。匠因而成为最早的银行家。

ExercisesExercises

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VI. The following is a dialogue between a loan officer (O) of the Credit VI. The following is a dialogue between a loan officer (O) of the Credit

and Loan Department of PBC and the customer (C) about offering a loand Loan Department of PBC and the customer (C) about offering a lo

an. Complete the dialogue according to the given information.an. Complete the dialogue according to the given information.

O: Good morning. This isO: Good morning. This is the Credit and Loan Department the Credit and Loan Department ( ( 信贷部信贷部 ). ).

What can I do for you, sir? What can I do for you, sir?

C: Good morning. I am the manager of ABC Company. Now we need C: Good morning. I am the manager of ABC Company. Now we need a a

large sum of money for technical innovation. So I am here to apply for large sum of money for technical innovation. So I am here to apply for

a loan.a loan. ( ( 一大笔资金用于技术革新一大笔资金用于技术革新 ))

O: How much do you want to Loan? O: How much do you want to Loan?

C: 10 million yuan. C: 10 million yuan.

O: That is a large sum.O: That is a large sum.

ExercisesExercises

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C:C: The project is key to our future development, and we are in great ne The project is key to our future development, and we are in great ne

ed of the capital ed of the capital (( 该项目对本公司的未来发展有至关重要的作用该项目对本公司的未来发展有至关重要的作用 ). ).

O: I see. The policies of our government encourage loans to be used for O: I see. The policies of our government encourage loans to be used for

technical innovation. But the bankstechnical innovation. But the banks should make sure that the company should make sure that the company

is capable of repaying the loans.is capable of repaying the loans. (必须弄清楚贷款企业是否有能力偿(必须弄清楚贷款企业是否有能力偿还贷款还贷款 ) According to the regulation, we must ) According to the regulation, we must make an investigation of make an investigation of

the credit standing the credit standing (( 调查企业资信情况调查企业资信情况 ), and the possibility of repaym), and the possibility of repaym

ent of the company and so on. ent of the company and so on.

C: Yeah, I understand. C: Yeah, I understand. Here are detailed information and documents aHere are detailed information and documents a

bout our companybout our company ( ( 这是我们公司情况的详细报告这是我们公司情况的详细报告 ).).

ExercisesExercises

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O: We will immediately deal with your documents and give you an earlO: We will immediately deal with your documents and give you an earl

y reply.y reply.

C: Thanks. By the way, what about the interest rate?C: Thanks. By the way, what about the interest rate?

O: The interest rate O: The interest rate shall be variable with the rate published by the Peoshall be variable with the rate published by the Peo

ple’s Bank of China ple’s Bank of China (( 按照中国人民银行公布的浮动利率计算按照中国人民银行公布的浮动利率计算 ). Here is ). Here is

our loan booklet which explains all details. our loan booklet which explains all details.

C: I see. Please call me at 022-55557788 if you need any further investigC: I see. Please call me at 022-55557788 if you need any further investig

ations. ations.

O: Ok. I will inform you of our decision as soon as possible.O: Ok. I will inform you of our decision as soon as possible.

ExercisesExercises

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AssignmentsAssignments

1.1. Review the Text .Review the Text .

2.2. Keep in mind the special teKeep in mind the special te

rms learned in this Unit.rms learned in this Unit.

3.3. Do exercises in the book.Do exercises in the book.