商务英语阅读全套教学课件

Unit1internationalbusiness

CONTENTS

TeachingAims

TextA12TextB3

SupplementingReading41TEACHINGAIMSAfterstudyingthisunit,youare

requiredto1.Haveageneralideaofthetradebarrierandhaveacorrectcomprehensionofit.2.HaveageneralideaoftheCAFTA,andunderstandthefunctionsofCAFTAwell.3.Haveageneralideaofinternationalbusinesstrend,andcantellthedistinctionsoffreetradeandfairetrade.4.Mastersomenewwords,expressionsandtechnicalterms.

TEXTADon’tFenceMeOut！QUESTIONSWhatdoyouknowabouttradebarriers?Whydothesetradebarriersexist?Whatarethetwomajorbarriersoffreetrade?Intoday’sworld,theglobalizationisthemaintrend,so,whatisyourviewontheexistenceoftradebarriers?Whatarethedefinitionsoftariffbarriers,non-tariffbarriers,quantitativeandnon-quantitative?TEXTAPreview

Theconceptofcomparativeadvantagemakesastrongcaseforfree,unrestrictedtradeamongnations.Meanwhileeconomistsbelievefreetradewillbemutuallybeneficial,yet,manybarrierstotradeexisttoday,namely,regulationsandmeasuresimposedbyauthoritiesthatundulyimpedetradeingoodsorservices,inexportorimport.Lossofbusinessopportunitiesisthemostseriousimpactofatradebarrier,buteventheirminoreffectsmayrequireextratimeandtroubleandcauseadditionalexpenses.Thebenefitsoffreetradearewellknown,butwhydosomepeoplesupporttheuseoftariffsorquotastorestrictorstoptheinternationalflowofgoodsandservices?Inthistext,Wewillfocusonthetariffbarriers,non-tariffbarriers,quantitativeandnon-quantitative.

TEXTAReading

Comprehension

Readthefollowingtermsandmatcheachwithitsproperdefinition.

1.tradebarrier6.voluntaryexportrestraints2.comparativeadvantage7.advaloremduty3.Subsidye8.specificduty4.Quota9.Tariff5.NTB10.tariffratequotaaagrantpaidbyagovernmenttoanenterprisethatbenefitsthepublicbtaxfiguredasapercentageonthevalueofgoodscartificialrestraintonthefreeexchangeofgoodsandservicesbetweencountries,usuallyintheformoftariffs,subsidies,quotasorexchangecontrols.ddutyortaxladedonaspecificcommoditywhenitcrossesnationalboundaries

eaproportionalshare,asofgoods,assignedtoagrouportoeachmemberofagroup;alimitationonimports

fasituationthatexistswhenacountrycanproduceagoodorserviceatmuchlowercostthananyothercountry

garestrictionsetbyagovernmentonthequantityofgoodsthatcanbeexportedoutofacountryduringaspecifiedperiodoftime

hnontariffbarrieri

Quotaspermittingastipulatedamountofgoodstoenterthenationduty-freeoratalowrate,whilechargingamuchhigherdutyforsubsequentimportswhentheamountisreached.

jtaxrelatingtolocalcurrencyperunitofgoodsbasedonphysicalmeasurements

key1matchc2f3a4e5h6g7b8j9d10iTEXTANotes1.Tradebarriers

：Tradebarriersareageneraltermthatdescribesanygovernmentpolicyorregulationthatrestrictsinternationaltrade.Thebarrierscantakemanyforms,includingthefollowingtermsthatincludemanyrestrictionsininternationaltradewithinmultiplecountriesthatimportandexportanyitemsoftrade.2.Anadvaloremduty

：Anadvaloremtax(Latinforaccordingtovalue)isataxbasedonthevalueofrealestateorpersonalproperty.Itismorecommonthanaspecificduty,ataxbasedonthequantityofanitem,suchascentsperkilogram,regardlessofprice.3.Specificrateduty

：Aspecificratedutyisatariffleviedonimports,definedintermsofaspecificamountperunit,suchascentsperkilogram.Bycontrast,anadvaloremdutyisachargeleviedonimportsdefinedintermsofafixedpercentageofvalue.4.Tariff-ratequota:Atariff-ratequota(TRQ)isatradepolicytoolusedtoprotectadomestically-producedcommodityorproductfromcompetitiveimports.5.Economicefficiency:Ineconomics,thetermeconomicefficiencyreferstotheuseofresourcessoastomaximizetheproductionofgoodsandservices.Aneconomicsystemissaidtobemoreefficientthananother(inrelativeterms)ifitcanprovidemoregoodsandservicesforsocietywithoutusingmoreresourcesInabsoluteterms,asituationcanbecalledeconomicallyefficient.TEXTA

NewWordsandExpressions1.undulyadv.过度地；不适当地；不正当地

Supposeyouhavetogiveaspeechandyouareundulyanxiousaboutlookinguncomfortable.假设你不得不去做演讲，你看上去不自在，你对此很焦虑。2.Impedevt.阻碍；妨碍；阻止Heavyrainimpededourjourney.瓢泼大雨阻碍了我们的旅行。3.subsidyn.补贴；津贴；补助金Higherdepositratesincreasethebudgetcostsofthesubsidyprogram.存款利润较高，就增大了补贴规划的预算费用。4.quotan.配额；定额；限额OntheQuotamenu,clickClose.在“配额”菜单上单击“关闭.5.Tradebarriers:关税壁垒6.boundaryn.边界；范围；分界线Diskcapacityismismatchedwiththesettingof"BoundaryCheck".翻译是磁盘容量是不相符的设置“边界检查”。7.advalorem

从价的8.specificduty

从量税9.exertiveadj.费力的，使努力的10.revenuen.税收，国家的收入；收益Thriftisgreatrevenue.节俭是笔大收入。11.imposevi.利用；欺骗；施加影响vt.强加；征税；以…欺骗

Peoplesenseyourstrengthsnotimposeonyou.人们感觉到你的力量，不会欺骗你。12.unilaterallyadv.单方面地Youcannotcanceltheorderunilaterally.

你们不能单方面取消定单。13.bilaterallyadv.双边地；双方面地WewilldealwithitonthegroundandalsobilaterallywithPakistan.我们要就地采取行动，也会通过和双边努力来解决这个问题14.multilaterallyadv．多边地Tradecanberestrictedmultilaterallybygovernmentsandcompaniesfromdifferentcountriesactinginconcert.贸易可以通过各个国家的政府和公司采取一致行动多方面地加以限制。15.voluntaryexportrestrains（VERs）自动限制出16.orderlymarketingarrangements有秩序销售协定17.stipulatevi.规定；保证vt.规定；保证adj.[植]有托叶的Totaldisarmamentwasstipulatedinthepeacetreaty.全部裁减军备条款是和平协议的必要条件。18.burdensomeadj.繁重的；累赘的；恼人的Traditionisfarfrombeinginterorburdensomeforthewriter.对作家来说，传统决不是毫不生气的和累赘的19.pertinentadj.相关的，相干的；中肯的；切题的Makingthequestionpertinentisthetollthecrisiswilltakeonmanypeopleforsometimetocome.让这个问题变得有的放矢的是，未来一段时间这场危机将给许多人造成损害20.eliminationn.消除；淘汰；除去Observationofpatientswithclinicalsymptomsimprove,theeliminationoftime.观察患者治疗前后临床症状改善、消除的时间。

TEXTAAssignment

FinishtherestofexercisesofTextAPreviewTextB

TextB

BushAdministrationSeekstoLowerTradeBarrierswithLatinAmericaQUESTIONS1.Afterreadingthistext,canyousummariesthedefinitionandfunctionsoftheCAFTA?Doyouthinkitcanplayanimportantroleintheinternationalbusinesses?2.Thetextsaidthat“"CAFTAwouldcreatethesecond-largestU.S.exportmarketinLatinAmerica”couldyougivesomeyourviewsonthissentence,andwhodoyouthinkisthefinalwinner?TEXTBPreviewWASHINGTON-TheBushadministration'sdrivetoremovetradebarrierstoU.S.exportsisworkingandneedstobeexpandedwithanewfreetradeagreementwithsixLatinAmericacountries,CommerceSecretaryCarlosGutierrezsaidTuesday.OutliningPresidentBush'stradegoalsforhissecondterm,GutierrezsaidtheadministrationplannedtoturnitsattentiontowinningcongressionalapprovalfortheCentralAmericanFreeTradeAgreement.ItcoverstheCentralAmericannationsofCostaRica,ElSalvador,Guatemala,HondurasandNicaraguaaswellastheCaribbeannationoftheDominicanRepublic.TEXTB

Reading

ComprehensionDetermine

whether

the

following

statements

are

trueor

false

according

to

the

text.Write

"T"

for

true

and

"F"

for

false

in

the

brackets.

1.

Now

the

Bush

administration

is

removing

trade

barriers

to

U.S.

exports.

(T)2.President

Bush

has

long

focused

on

winningcongressional

approval

for

the

CAFTA

in

his

first

term

(F)3.

All

the

sales

to

Russia,

India

and

Indonesia

may

not

exceed

those

of

the

market

CAFTAwould

create.(T)4.

Neither

of

the

exporters

from

the

U.S.and

the

five

Central

American

nations

is

charged

by

any

duty.(F)5.

The

agreement

would

particularly

boost

the

U.S.

exports(T)TEXTBNotes1.CentralAmericanFreeTradeAgreement:commonlycalledDR-CAFTA,isafreetradeagreement(legallyatreatyunderinternationallaw,butnotunderUSlaw).Originally,theagreementencompassedtheUnitedStatesandtheCentralAmericancountriesofCostaRica,ElSalvador,Guatemala,Honduras,andNicaragua,andwascalledCAFTA.2.CostaRica:officiallytheRepublicofCostaRica:isacountryinCentralAmerica,borderedbyNicaraguatothenorth,Panamatotheeastandsouth,thePacificOceantothewestandsouthandtheCaribbeanSeatotheeast.3.Caribbeannation:TheCaribbeanisaregionconsistingoftheCaribbeanSea,itsislands(mostofwhichenclosethesea),andthesurroundingcoasts.TheregionislocatedsoutheastoftheGulfofMexicoandNorthAmerica,eastofCentralAmerica,andtothenorthofSouthAmerica.TEXTBNotes4.DominicanRepublic：TheDominicanRepublicisanationontheislandofHispaniola,partoftheGreaterAntillesarchipelagointheCaribbeanregion.ThewesternthirdoftheislandisoccupiedbythenationofHaiti,makingHispaniolaoneoftwoCaribbeanislandsthataresharedbytwocountries.Bothbyareaandpopulation,theDominicanRepublicisthesecondlargestCaribbeannation(afterCuba),with48,442

squarekilometers(18,704sq

mi)andanestimated10millionpeople5.Congress.:TheUnitedStatesCongressisthebicamerallegislatureofthefederalgovernmentoftheUnitedStatesofAmerica,consistingoftheSenateandtheHouseofRepresentatives.TheCongressmeetsintheUnitedStatesCapitolinWashington,D.C.6.DohaRoundoftradetalks：Isthecurrenttrade-negotiationroundoftheWorldTradeOrganization(WTO)whichcommencedinNovember2001.Itsobjectiveistolowertradebarriersaroundtheworld,whichallowscountriestoincreasetradeglobally.Asof2008,talkshavestalledoveradivideonmajorissues,suchasagriculture,industrialtariffsandnon-tariffbarriers,services,andtraderemedies.TEXTB

NewWordsandExpressions1.expand

vt.扩张；使膨胀；详述vi.发展；张开，展开Theyhopetoexpandtheircompany.他们希望扩大公司的规模。2.

administration

n.管理；行政；实施；行政机构AcademicAdministrationandotherjobIthinkIcanstudyhard.教务行政等一些工作我想我也可以努力学习3.

outlining

n.列提纲；描绘轮廓；提纲挈领v.概括（outline的ing形式）；画…的轮廓I'dsuggestthatalltattooingrequireasignedconsentformoutliningrisks—themostobviousonebeingamajorcaseofremorse.我建议所有文身操作都要求签署对所含风险的知情同意书——最常见的主要风险之一就4.approval

n.批准；认可；赞成Withoneaccordtheyshoutedtheirapproval.他们一致发出赞同的呼声。5.combinevt.使结合；使联合，使混合；合并Weshallcombinethethreedepartments.我们将合并这三个部门。TEXTB

NewWordsandExpressions6.tariffs:n.关税（tariff的复数）7.citing:n.引用，引证；举例Mostcasesarefoundinurbanareas,Yangsaid,citingmedicalstudiesondiabetesprevalenceinBeijingandShanghai.很多案例是在都市区域发现的，杨说，城市医学的糖尿病研究在北京和上海及8,estimateV.估计；预计；估算Weestimatethecosttobefourthousanddollars.我们估计费用(或成本)为4000美元。9.potentialn.潜能；可能性；电势adj.潜在的；可能的；[物]势的Tohelpstudentsdeveloptheirpotential.协助学生发展个人潜能。10.boostingn.助推，局部通风；升压加力v.推进（boost的现在分词形式Ifyouboosthimup,hecanjustreachthetopoftheshelf.如果你托他一把，他正好能够到架顶。

TEXTB

NewWordsandExpressions11.manufacture

n.制造；产品；制造业vt.制造；加工；捏造vi.制造ThissteelismanufacturedfromSwedishiron.这种钢材是用瑞典的铁炼制的。12.annually

adv.每年；一年一次MyparentsgotoHawaiiforvacationannually.我的父母每年都会去夏威夷度假。13.

despite

prep.尽管，不管n.轻视；憎恨；侮辱Ifailedthetestdespitestudyingallnight.尽管整夜学习，我还是考试不及格14.deficitn.赤字；不足额TheoryofMindandAutism:ASpecificDeficit?心理和孤独症理论：一个特异的缺陷？15.

soaringadj.翱翔的；高耸的；猛增的v.高耸（soar的现在分词形式）；高飞；猛增Warmwindsthatflowinfromthesouthmakethemountainvalleyidealforsoaring.从南部吹来的温暖的风使得这个山谷成为了飞行的理想地点。16.sluggish

adj.萧条的；迟钝的；行动迟缓的；懒惰的n.市况呆滞；市势疲弱Sluggishflowingthegreatriverwithsorrowandsilence.缓慢流动着悲伤与寂静的巨大河流。17.

Democratsn.民主党；民主党人（Democrat的复数）ShesaysmostyoungDemocratswanttoendthewar.她说大多数年轻的民主党人希望结束战争。18.

subsidy

n.补贴；津贴；补助金Higherdepositratesincreasethebudgetcostsofthesubsidyprogram.存款利润较高，就增大了补贴规划的预算费用

TEXTBAssignment

FinishtheexercisesofTextBPreviewsupplementingreading.Supplementing

ReadingThemainideaofeachpartPart1

Gainsfromlowertradebarriers

Reducedtradebarriershavebeenkeyelementsintheincreasedprosperitytheworldhasseeninthepost-1945era.Theselowerbarriershaveallowedgreaterspecializationofproduction,withconsequentgainsincheapergoodsenjoyedbyallparties.Part2

Driversforliberalization

MultilateralagreementsundertheGATTandWTOhavebeentheleadingarrangementsbringinggreaterliberalization,butnarroweragreementssuchastheEuropeanUnionandCanada-USbilateralfreetradehavealsobeensignificant.Part3

Benefitsofliberalization

1.increasedcompetitivepressuresonsuppliersthatpreviouslywentlessheavilychallengedintheirhomemarkets；businessesfacingincreasedcompetitionusuallylifttheirperformancetothebenefitofconsumersinallparticipatingcountries；2.avariationofthetraditionalcomparativeadvantagegainsbutonethattakesadvantageoftheincreasedspecializationofmodernproductionandtheincreasednumberofstagesthroughwhichmaterialsareputpriortoreachingthefinalconsumer.Part4

Fairtrade

Morerecently，somepeoplehavesoughttouseenvironmentalorworkersafetystandardsasconditionsforpermittingothercountriestoexporttous.Althoughmanychampioningsuchcausesdosooutofstrongconvictions，itmeanspaternalisticallyimposingourownstandardsonothercountries.Part5

Thewayforward

ThesepoliciesdenyEuropeanmarketaccesstoefficientproducerssuchasAustralia.TheEUguaranteesitsownfarmershighpriceswhichalsobringmassivesurplusesinmanyagriculturalproducts.Thesearedumpedonworldmarketsanddepressprices.Unit2InternationalFinance

CONTENTS

TeachingAims

TextA12TextB3

SupplementingReading41TEACHINGAIMSAfterstudyingthisunit,youare

requiredto1.Haveageneralideaofthestockmarketandhaveacorrectcomprehensionofit.2.Haveageneralideaofthebank,andunderstandthefunctionsofthebankwell,especiallyintermsofinternationalbusinessandfinance.3.Haveageneralideaoftheforeignexchange,andcantellthefactorsthataffectingexchangerates.4.Mastersomenewwords,expressionsandtechnicalterms.

TEXTA

theStockMarketQUESTIONS1.Whydosomanypeoplelikeplayingstocksinthestockmarket?Inyouropinion,howcanpeoplemakemoneyinthestockmarket?2.Whatdoyouknowaboutthestockmarket?Canyougivesomeexamplestoillustrateitsfeaturesandfunctions?

TEXTAPreview

Astockmarketisaplacewherethesharesinpubliclyownedcompanies，thetitlestobusinessfirms，areboughtandsold.In1996，thevalueofthesetitleswasestimatedatthirtytrillionintheUnitedStates.Salesinasingleyearmighttotal＄3trillion.Thestockmarketisthehubofourcorporateeconomy.TheNewYorkStockExchangeisthemainstockmarket，listingmorethanathousandsecurities.Everylargefinancialcenterhasastockexchange.MajoronesarelocatedinTokyo，London,Frankfurt，HongKong，Toronto，Zurich（苏黎世），and，ofcourse，NewYork.Astockexchangeisacriticalpartofmodernmarketeconomies.WhenthecountriesofEasternEuropedecidedtoscraptheircentrallyplannedsystemsandbecomemarketeconomies,oneoftheirfirstactswastointroduceastockmarkettobuyandsellownershiprightsincompanies.TEXTAVocabularyComprehensionGiveouttheChineseexplanationsofthefollowingwordsandphrase.1.Collateral

2.Cashin

3.TheGreatDepression4.Stockprice

5.Bullmarket1．抵押物2.兑现3.大萧条

4.股票价格5.牛市KEYTEXTANotes1.TheNewYorkStockExchange(NYSE):isastockexchangelocatedat11WallStreetinlowerManhattan,NewYorkCity,USA.Itistheworld'slargeststockexchangebymarketcapitalizationofitslistedcompaniesatUS$11.92trillionasofAug2010.AveragedailytradingvaluewasapproximatelyUS$153billionin2008.2.BurtonGordonMalkiel:(bornAugust28,1932)isanAmericaneconomistandwriter,mostfamousforhisclassicfinancebookARandomWalkDownWallStreet(nowinits9thedition,2007).Heisaleadingproponentoftheefficientmarkethypothesis,whichcontendsthatpricesofpubliclytradedassetsreflectallpubliclyavailableinformation,althoughhehasalsopointedoutthatsomemarketsareevidentlyinefficient,exhibitingsignsofnon-randomwalk.Notes3.TheSouthSeaCompany:wasaBritishjointstockcompanythattradedinSouthAmericaduringthe18thcentury.Foundedin1711,thecompanywasgrantedamonopolytotradeinSpain'sSouthAmericancoloniesaspartofatreatyduringtheWarofSpanishSuccession.Theprimaryelementoftradewasslaves.Inreturn,thecompanyassumedthenationaldebtEnglandhadincurredduringthewar.Speculationinthecompany'sstockledtoagreateconomicbubbleknownastheSouthSeaBubblein1720,whichcausedfinancialruinformany.InspiteofthisitwasrestructuredandcontinuedtooperateformorethanacenturyaftertheBubble.TheheadquarterswereinThreadneedleStreet.4.Mafia:(alsoknownasCosaNostra)isacriminalbrotherhoodthatemergedinthemid19thcenturySicily.Itisalooseassociationofcriminalgroupsthatshareacommonorganizationalstructureandcodeofconduct.Eachgroup,knownasa"family","clan",or"cosca",claimssovereigntyoveraterritoryinwhichitoperatesitsrackets–usuallyatownorvillageoraneighborhood(borgata)ofalargercity.Notes5.JohnDavisonRockefeller:(July8,1839–May23,1937)wasanAmericanoilmagnate.Rockefellerrevolutionizedthepetroleumindustryanddefinedthestructureofmodernphilanthropy.In1870,hefoundedtheStandardOilCompanyandaggressivelyranituntilheofficiallyretiredin1897.StandardOilbeganasanOhiopartnershipformedbyJohnD.Rockefeller,hisbrotherWilliamRockefeller,HenryFlagler,JabezBostwick,chemistSamuelAndrews,andasilentpartner,StephenV.Harkness.Askeroseneandgasolinegrewinimportance,Rockefeller'swealthsoared,andhebecametheworld'srichestmanandfirstAmericanworthmorethanabilliondollars.Adjustingforinflation,heisoftenregardedastherichestpersoninhistory.Notes6.DowJonesIndustrialAverage

(DJIA):alsoreferredtoastheIndustrialAverage,theDowJones,theDow30,orsimplytheDow,isastockmarketindex,andoneofseveralindicescreatedbyWallStreetJournaleditorandDowJones&Companyco-founderCharlesDow.ItisnowownedbytheCMEGroup,whoisthemajorityownerofDowJonesIndexes.TheaverageisnamedafterDowandoneofhisbusinessassociates,statisticianEdwardJones.Itisanindexthatshowshow30large,publiclyownedcompaniesbasedintheUnitedStateshavetradedduringastandardtradingsessioninthestockmarket.ItisthesecondoldestU.S.marketindexaftertheDowJonesTransportationAverage,whichwasalsocreatedbyDow.7.BlackMonday:19October1987–thelargestone-daypercentagedeclineinrecordedstockmarkethistory.TEXTA

NewWordsandExpressions1.amokadv.狂乱地；杀人狂地adj.杀人狂的；狂乱的Thefieldmice,lackingnaturalpredators,haveflourishedinnumbersandarerunningamokdestroyingnature.缺少天敌的田鼠们，繁殖、破坏起来自然”随心所欲”2.outguessvt.看透；智胜Pretendnottooutguesswhenyoudo.看透的时候，假装没看透。3.speculativeadj.投机的；推测的；思索性的SopooristherootcauseofChina'ssoaringhousingprices,becausetheycreatetheinvestmentandspeculativemarkets.所以说穷人是导致中国房价飞涨的根源，因为是他们创造了这个投资与投机的市场。

4.attest

vt.证明；证实；为…作证vi.证明；作证Theman’sabilitywasattestedbyhisrapidpromotion.此人的能力由他升迁之快得到证实。

5.soberadj.使清醒的；使冷静的；严重的vt.使清醒

Soberherdown;she'smad.让她安静下来，她都快疯了。6.bubblesn.泡沫；气泡（bubble的复数）v.沸腾；冒泡；发出气泡声（bubble的第三人称单数形式）

7.essentialadj.基本的；必要的；本质的；精华的n.本质；要点；必需品Itisanessentialaspectofforgiveness.这是宽恕中的一个必要方面。8.assetsn.资产；财产；有利条件（asset的复数）Itexpressestherelationshipofcurrentassetstocurrentliabilities.它表达了流动资产与流动负债之间的关系。9.intrinsicadj.本质的，固有的Theintrinsicmusculatureofthelarynxwasfoundtoberelativelyundevelopedandnotverystrong.喉头本身的肌肉组织被发现是相对地未发展及不是非常强壮的。10.dividendsn.股息，股利；红利（dividend的复数形式）Thispriorityalsoincludesanydividendsinarrears.这个优先权也包括拖欠股利。11.frenzyn.狂暴；狂怒；暴怒vt.使发狂；使狂怒Zealwithoutknowledgeisfrenzy.没有知识的热情是狂热。12.dictumn.格言；声明；[律]法官的附带意见"All'swellthatendswell"isthedictumofunanimouscommonsense.“结果好就一切都好，”这是我们的常识一致公认的名言13.dizzyadj.晕眩的；使人头晕的；昏乱的；心不在焉的；[口]愚蠢的vt.使头晕眼花；使混乱；使茫然Idroveatspeedsthatdizziedme.我高速驾车致使我头晕目眩14.lucrativeadj.有利可图的，赚钱的；合算的Britainalsotooktightercontrolovertheincreasinglylucrativeoilfields.英国也加紧对日益增加利润的油田的控制。

15.tulipn.郁金香TheNetherlandsisthetulipkingdom.荷兰是郁金香的王国。16.biotechnologyn.生物技术；生物工艺学Controllingenvironmentpollutionbybiotechnologyhastheadvantagesoflowcostandnosecondarypollution.应用生物技术治理环境污染，具有费用低、不产生二次污染的优点。17.vacuumn.真空；空间；真空吸尘器adj.真空的；产生真空的Shevacuumedtheroomthismorning.她今天上午用吸尘器清扫了房间。18.launderingn.洗烫v.洗涤；洗黑钱（launder的ing形式）Thispolicyappliesnotonlytomoneylaundering,butalsototerroristfinancing.本政策不仅适用于洗钱，也适用于恐怖主义筹资活动。19.purchasen.购买；紧握；起重装置vt.购买；赢得vi.购买东西Theypurchasedlifeattheexpenseofhonor.他们以牺牲名誉为代价换得了生命。

TEXTAAssignment

FinishtherestofexercisesofTextAPreviewTextB

TextB

BankingQUESTIONS1.Couldyougivesomeexamplesabouttheimportantrolesbanksplaybothintheeconomicworldandinourdailylives?2.Inyourperspective,whatwouldtheinternationaltradebelikeiftheWorldBankdidnotrunanylonger?TEXTBPreviewCommercialbanks，usuallycalledjust“banks”,intheUniteStatesareinstitutionsthatprovidecheckingaccountstothepublicandhaveasubstantialproportionoftheirassetsinvestedinloanstobusinessfirms.Owingtoderegulationinthe1980sand1990s，thedifferencebetweencommercialbanksandsavingsbankshasbeendisappearing.Commercialbanksnowofferindividualsavingsservices，andsavingsinstitutionsincreasinglyoffercheckingservices，whilebothkindsofinstitutionshaveextendedtheirlendingtoeachother’straditionalmarkets.TEXTBComprehensionofthetext

Decidewhetherthefollowingstatementsaretrue(T)orfalse(F)accordingtothepassage.1.Therehasbeennodifferencebetweencommercialbanksandsavingsbanksfromtheverybeginning.

F2.Thechieffunctionofabankistoborrowmoneyfromdepositorsandthentohelpotherswhoneedmoney.

T.3.Thesafestwayforabanktoavoidrisksistousetheirdepositors’fundtomakeloans.

F4.Thebankscanmeettheneedsofdepositorswhowanttowithdrawdepositsfromthebanksatanytime.

T5.Oneofthebank’sservicesismakingloansbyusingtheprofitearnedfromdepositors

FTEXTBNotes1.checkingaccount:currentaccountorchequeaccount)isadepositaccountheldatabankorotherfinancialinstitution,forthepurposeofsecurelyandquicklyprovidingfrequentaccesstofundsondemand,throughavarietyofdifferentchannels.Becausemoneyisavailableondemandtheseaccountsarealsoreferredtoasdemandaccountsordemanddepositaccounts.2.Commercialbank:itisatypeoffinancialintermediaryandatypeofbank.Commercialbankingisalsoknownasbusinessbanking.Itisabankthatprovidescheckingaccounts,savingsaccounts,andmoneymarketaccountsandthatacceptstimedeposits3.NegotiableOrderofWithdrawalaccount:(NOWaccount):itisadepositaccountthatpaysinterest,onwhichchecksmaybewritten.TEXTBNotes4.Financialintermediary:itisafinancialinstitutionthatconnectssurplusanddeficitagents.Theclassicexampleofafinancialintermediaryisabankthattransformsbankdepositsintobankloans.5.WorldBank：itisatermusedtodescribeaninternationalfinancialinstitutionthatprovidesleveragedloanstodevelopingcountriesforcapitalprograms.TheWorldBankhasastatedgoalofreducingpoverty.Bylaw,allofitsdecisionsmustbeguidedbyacommitmenttopromoteforeigninvestment,internationaltradeandfacilitatecapitalinvestment.6.TheInternationalMonetaryFund(IMF):itistheintergovernmentalorganizationthatoverseestheglobalfinancialsystembyfollowingthemacroeconomicpoliciesofitsmembercountries,inparticularthosewithanimpactonexchangerateandthebalanceofpayments.Itisanorganizationformedwithastatedobjective