1、Unit 1 Money and Banking,English for finance,Part I Reading and Translating,Task 1 Match each of the logos in Column A with the proper names in Column B and C.,E a,B e,F c,G h,Task 1 Match each of the logos in Column A with the proper names in Column B and C.,C b,A g,D d,H f,Task 2 Scan Passage A an

2、d find the answers to the following questions.,1. What is the main function of financial institution?,The main function of financial institutions is to handle the financial assets of Households and firms in our society.,2. According to the writer, what is the best we can do when future events can no

3、t be konwn?,The best we can do is to place a subjective value on the probability of certain events occuring.,Task 3 Read Passage A and judge whether the following statements are TURE or FALSE. Put a tick () in the related box.,Task 4 Watch each of the terms in Column A with its appropriate definitio

4、n in column B.,Column A,Column B,financial intermediaries financial intermediation diversification offset liquidity loan portfolios interest rate,an amount of money that you borrow from a bank b. quality of quick conversion into cash c. a financial process of fund transfer d. the securities held by

5、a bank investment trust, etc. e. the percentage amount charged by a bank, etc. when you borrow money or are paid by a bank when you keep money in an account there f. Middlemen transforming funds from ultimate lenders to ultimate borrowers g. the process of acquiring a portfolio of securities that ha

6、ve dissimilar risk-return characteristics h. counterbalance,Task 5 Complete the following statements according to Passage A.,Financial institutions include : _ _.,3. Diversification is important because _.,4. Receipts and withdrawals in a financial intermediary can be offset because of _.,2. Financi

7、al intermediation is the process_ _.,5. Financial intermediaries help both (1)_ and_ _.,Commercial banks, mutual savings banks, savings and loan associations, credit unions, Life insurance companies, pension funds, mutual funds, financial companies and governmental credit agencies, etc.,that occurs

8、when firms and households,place funds in financial institutions ( banks, savings and loans, etc.),we cant precisely predict future events,the phenomenon of the “l(fā)aw of large numbers”,lenders,borrowers,Task 6 Fill in the blanks with the words or expressions given below. Change their forms where neces

9、sary.,claim deposit risky acquire convert into facilitate in turn a variety of allow for apply to,Now Im clear about how the bank deals with the savers _ money. 2. Our company _ that piece of land by purchase. 3. The court established that he has a _ to the property of his stepfather. 4. The uncover

10、ed foreign exchange position can be very _ because of the fluctuation of the exchange rates. 5. How much of the remittance do you want to _ US dollar? 6. Theory is based on practice and _ serves practice. 7. In the foreign exchange market, you have _ choices to cover the exchange risks. 8. Adam Smit

11、hs concert of “invisible hand” can be _ modern economy. 9. The primary function of money is to _ exchange. 10. The companys budget simply did not _ such a massive increase.,acquired,claim,risky,convert into,in turn,applied to,a variety of,facilitate,allow for,deposited,Task 7 Complete the following

12、sentences by translating the parts given in Chinese.,_(顯而易見(jiàn)）interest rate movements closely follow the business cycle. 2. Financial intermediaries refer to a group of institutions, _(其中有） commercial banks, mutual savings banks and savings and loan associations. _ (由于其相對(duì)規(guī)模較個(gè)人的大）, banks are more easil

13、y able to diversify their portfolios. 4. _（借助金融中介), people can make foreign direct investments without leaving their home country. 5. If future events were _(可以確定), _(沒(méi)有什么理由） to diversify a security portfolio. 6._(基于對(duì)“大數(shù)法則”的認(rèn)識(shí)）, a financial intermediary can issue savers financial claims that are mor

14、e liquid than the assets that it holds.,Its apparent that,some of which are,Because of their larger felative size compared to households,With the aid of financial intermediaries,known with certainty,there would be little cause,Given the knowledge of the “l(fā)aw of large numbers,Task 8 Translate the fol

15、lowing paragraphs into chinese.,Paragraph 1,If we use money to buy an asset that pays interest, such as a government or corporate bond, we earn more money. But if we keep our money in $50 bills, we earn no interest on that asset. Thus, when interest rates are low, we may hold money as an asset. But

16、when interest rates are high, we would want to hold less money as an asset. Therefore, when interest rates rise, asset demand for money falls. And when interest rates fall, asset demand for money rises.,如果我們用現(xiàn)金來(lái)購(gòu)買(mǎi)一種支付利息的資產(chǎn)，如某種政府債券或公司債券，我們可以贏得更多的現(xiàn)金。但是如果我們持有的是50美元鈔票，就不能在這筆資產(chǎn)上獲取利息。所以利息低時(shí)我們就可能持有現(xiàn)金作為資產(chǎn)。但

17、是如果利息的話，我們就會(huì)持有較少的現(xiàn)金作為資產(chǎn)。因此，利率上升時(shí)，現(xiàn)金資產(chǎn)需求下降。利率下降時(shí)，現(xiàn)金資產(chǎn)需求上升。,Paragraph 2,The Federal Reserve System functions as a bankers bank. The Fed acts as a bankers bank because banks use the Federal Reserve Banks much like you use your local bank. A bank can have an account with the Fed and keep money on deposi

18、t in a Federal Reserve Bank. In addition, banks can borrow from the Fed. In fact, the Federal Reserve is sometimes called a lender of last resort. This means that banks can always borrow from the Fed if they need money to satisfy withdrawals by bank customers. This function reduces the threat of pan

19、ics and runs on banks.,（美國(guó)）聯(lián)邦儲(chǔ)備系統(tǒng)的作用相當(dāng)于銀行的銀行。這所以稱(chēng)之為銀行的銀行時(shí)因?yàn)楦鱾€(gè)銀行都使用美聯(lián)儲(chǔ)銀行，就像你使用自己當(dāng)?shù)氐你y行那樣。各銀行可以在美聯(lián)儲(chǔ)持有賬戶并在美聯(lián)儲(chǔ)銀行存有資金。而且，各個(gè)銀行都可以在美聯(lián)儲(chǔ)借款。事實(shí)上，美聯(lián)儲(chǔ)有時(shí)稱(chēng)為時(shí)最后的借款人。這就是說(shuō)，如果需要滿足銀行客戶的提款，各個(gè)銀行總是可以從美聯(lián)儲(chǔ)借款。這一功能降低了恐慌和擠兌對(duì)銀行造成的威脅。,Task 9 Complete the following statements according to Passage B.,The universal credit card is is

20、sued by _. 2. The universal credit card is convenient to the user because _. 3. The advantages of the universal credit card can be summed up as follows: 1)_; 2)_; 3)_. 4. The only one disadvantage of the universal credit card is its _. 5. MCI must be a firm in _ business. 6. It is apparent that 1)_

21、and 2)_ did not like AT&Ts card issuing.,AT&T,it can be used shereever a Visa or Master card is accepted,it is convenient,there is no charge for annual fee,AT&T offers 10 percent discount on long distant calls,relatively high interest rate on unjpaid balances,telecommunications,Citicorp,MCI,1. Feder

22、al Communications Commission 2. American Telegraph &Telephone 3. Synovus Financial Corporation 4. universal Bank of Clumbus 5. Total Systems Services 6. Federal Deposit Insurance Corporation 7. MCI 8. BankAmerica 9. Chase Manhattan 10. Federal Reserve Board 11. Citicorp,Task 10 The following proper

23、names can be frouped into three categories, namely the government agency, the financial institution and the telecommunications service. Try to place each of them into the right category.,Government agencies,Federal Reserve Board Federal Deposit Insurance Corporation Federal Communications Commission

24、,Financial Institutions,Universal Bank of Columbus Synovus Financial Corporation Total Systems Services Citicorp BankAmerica Chase Manhattan,Telecommunications Service,American Telegraph&Telephone MCI,Task 11 Translate the following from English into Chinese or vice versa.,Master card 7.萬(wàn)能信用卡 2. cha

25、rge telephone calls _8. 電話咨詢(xún) 3. credit card issuer 9. 附屬機(jī)構(gòu) 4. headquarters 10. 合法的 5. annual fee 11. 持卡人 6. once a year 12. 盈利的,萬(wàn)事達(dá)卡,總部,收取電話費(fèi),信用卡發(fā)行人,年度費(fèi)用,每年一度,universal credit card,telephone inquiry,legal,cardholder,profitable,subsidiary,Part II Simulated Writing,Task 12 Fill out the following diagram