新剑桥商务英语 14单元banking

1、unit 14 banking 1.personal banking 1a.vocabulary :match up these term with the definitions below *cash card 现金支取卡，提款卡 *cash dispenser (gb) or atm (us) 提款机，atm机 *credit card 信用卡，记账卡 *home banking 家庭银行（服务业务） *loan 贷款，借款 *mortgage 抵押 *overdraft 透支 *standing order or credit debit 借记卡 *current account (g

2、b) or checking account (us)活期存款或支票户头 *deposit account (gb) or time or notice account (us)定期存款 1,an arrangement by which a customer can withdraw more from a bank account than has been deposited in it, up to an agree limit; interest on the debt is calculated daily (overdraft 透支) 2.a card which guarant

3、ees payment for goods and services purchased by the cardholder, who plays back the bank or finance company at later date (credit card 信用卡，记账卡) 3. a computerized machine that allow bank customers to withdraw money, check there balance, and so on (cash dispenser (gb) or atm (us) 提款 机，atm机) 4.a fixed s

4、um of money on which interest is paid, lent for a fixed period, and usually for a specific purpose ( loan 贷款，借款) 5.an instruction to a bank to pay fixed sums of money to certain people or organizations at started times (standing order or credit debit 借记卡) 6.a loan ,usually to buy property ,which ser

5、ves as a security for the loan (mortgage 抵押) 7.a plastic card issued to bank customers for use in cash dispensers (cash card 现金支取卡，提款卡) 8.doing banking transactions by telephone or from ones own personal computer (home banking 家庭银行) 9.one that generally pays little or no interest, but allows the hol

6、der to withdraw his or her cash without any restriction (current account (gb) or checking account (us)活期存款或支票 户头) 10.one that pays interest ,but usually cannot be used for paying cheques(gb)or checks(us),and on which notices is often required to withdraw money (deposit account (gb) or time or notice

7、 account (us)定期存款) 1b.discussion 1.which of the banking facilities listed in 1a do you use? 2.what other services do commercial banks offer in your country? 3.what changes have there been in personal banking recently? 4.what further changes do you foresee in the future? key:1. cash card , cash dispe

8、nser (gb) or atm (us) credit card , home banking and standing order or credit debit . 2.they receive and hold deposits offer investment advice, exchange foreign currencies, and so on 3.it becomes more convenient ,powerful and popular. 4.if the banks could consider more interests of people and give t

9、hem more constructive advices ,it will be better. 2.the banking industry 2a reading: read the text below and write short headings(one or two words) for each paragraph types of bank 1.commercial or retail banks commercial or retail banks are business that trade in money. they receive and hold deposit

10、s, pay money according to customers instructions, lend money, offer investment advice, exchange foreign currencies, and so on, they make a profit from the difference? (known as a spread or a margin) between the interest rates they pay to lenders or depositors and those they charge to borrowers. bank

11、s also create credit, because the money they lend, from their deposits, is generally spend (either on goods or services, or to settle debts), and in this way transferred to another bank account - often by way of a bank transfer or a cheque (check) rather than the use of notes or coins from where it

12、can be lent to another borrower, and so on. when lending money, bankers have to find a balance between yield and risk, and between liquidity and different maturities. 2.investment banks investment banks, often called merchant banks in britain, raise funds for industry on the various financial market

13、s, international trade, issue and underwrite securities, deal with takeovers and mergers, and issue government bonds. they also generally offer stock broking and portfolio management services to rich corporate and individual clients. investment banks make their profits from the fees and commissions

14、they charge for their services. 3. universal banks in some european countries (notably germany, switzerland and austria) there have always been universal banks combining deposit and loan banking with share and bond dealing and investment services, but for much of the 20th century, american legislati

15、on enforced a strict separation between commercial and investment banks. the glass- steagall act, passed during the depression in 1934, prevented commercial banks from underwrites securities. this act was repealed in 1999. the japanese equivalent was abolished the previous year, and the banking indu

16、stry in britain was also deregulated in the 1990s, and financial conglomerates now combine the services previously offered by banks, stockbrokers, and insurance companies. 4.central bank a countrys minimum interest rate is usually fixed by the central bank. this is the discount rate, at which the ce

17、ntral bank makes secured loans to commercial banks. banks lend to blue chip borrowers pay more, depending on their credit standing (or credit rating, or creditworthiness): the lenders estimation of their present and future solvency. borrowers can usually get a lower interest rate if the loan is secu

18、red or guaranteed by some kind of asset, know as collateral. 5. eurocurrency in most financial centers, there are also branches of foreign banks, largely doing eurocurrency business. a eurocurrency is any currency held outside its country of origin. the first significant eurocurrency market was for

19、us dollars in europe, but the name is now used for foreign currencies held anywhere in the world(e.g. yen in the us, euros in japan). since the us$ is the worlds most important trading currency- and because the us for many years had a huge trade deficit- there is a market of many billions of eurodol

20、lars, including the oil-exporting countries petrodollars. although a central bank can determine the minimum lending rate for its national currency it has no control over foreign currencies. furthermore, banks are not obliged to deposit any of their eurocurrency assets at 0% interest with the central

21、 bank, which means that they can usually offer better rates to borrowers and depositors than in the home country. 2b comprehension: which one is the most accurately and concisely summarizes the text? second summary: commercial banks receive deposits and make loans. investment banks arrange security

22、issues and offer other investment services. yet the traditional distinction between commercial and investment banks has now broken down. domestic interest rates are fixed central banks. many banks also have branches abroad that do eurocurrency business, making loans in other european currencies. 2c

23、vocabulary: finding the words or expressions in the text in 2a which mean the following 1 to place money in a bank; or money placed in a bank deposit 2 the money used in countries other than ones own foreign currencies 3 how much money a loan pays, expressed as a percentage interest rates 4 availabl

24、e cash, and how easily other assets can turned into cash liquidity 5 the date when a loan becomes repayable 6 to guarantee to buy all new shares that a company issues, if they cannot be sold to the public underwrite 7 when a company buys or acquires anther one takeover 8 when a company combines with another one merger 9 buying and selling stocks or shares for clients offer stock broking due 10 taking cares of all clients investment offer portfolio management services 11 the ending or relaxing