金融英语第四章答案

Chapter 4

Commercial Banks and Services

Exercises

Ⅰ

.Answer the following questions in English.

1.

Why is a jumbo CD more risky?

A jumbo CD is somewhat more risky, because the FDIC cannot insure it,

but is still a sound investment when made with a reputable bank.

2.

What is commercial loan?

Commercial loans are bank loans that are granted to different types of

business entities

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3.

What is credit card?

The plastic credit card with a magnetic strip many people carry in their

wallets or purses is the end result of a complex banking process.

4.

What is money order?

A money order is an instrument that orders a sum of money to be paid to

someone else.

5. What is working capital?

Working capital is a measurement of an entity's currentassets, after

subtracting its liabilities.

6. What is a secured loan?

A secured loan is a loan in which the borrower pledges some asset (e.g., a

car or property) as collateral (i.e., security) for the loan

7. What are commercial banks?

Commercial banks are banking institutions that are geared more toward the

lending of money to customers, rather than focusing on generating or raising

money.

8. What is a checking account?

A checking account is a service provided by financial institutions (banks,

savings and loans, credit unions, etc. ) which allows individuals and

businesses to deposit money and withdraw funds from a federally-protected

account.

Ⅱ

. Fill in the each blank with an appropriate word or expression.

1.

A commercial bank offers a wide range of savings programs for

customers. Along with standard savings accounts,

the commercial

bank may also__offer____ interest bearing checking accounts, certificates

of deposit, and other savings strategies that are___considered____to

provide a small but consistent return in exchange for doing business with

the bank.

2. Sometimes people might use an interest checking account instead of a

savings account. If you really plan not to__spend___your money for a few

months,it makes sense to use a savings account____instead____