《金融英语视听说_第三章听力原文及答案》由会员分享，可在线阅读，更多相关《金融英语视听说_第三章听力原文及答案（18页珍藏版）》请在金锄头文库上搜索。
1、Unit 3Short DialoguesTask 1 Multiple ChoiceScripts & AnswersDialog 1 M: Hi, Xiaohong. There is news about bankruptcies of some U.S. banks. Itseems the banks are subject to some risks in their operation.W: Yes. Excessive interest rate risk can pose a significant threat to a banksearnings and capital
2、base.M: Do you know the exact meaning of the interest rate risk?W: It is difficult to explain it in a few words. Let me see, eh Generallyspeaking, interest rate risk is the risk arising from the change in value ofan interest-bearing asset, such as a loan or a bond, due to fluctuation ininterest rate
3、s. As rates rise, the price of a fixed rate bond will fall. As ratesfall, the price of the bond will rise.M: So the task of control over the interest rate risk would be critical to banks,because the change in interest rates will affect the value of a banksinterest-bearing assets.W: Right, but someti
4、mes it is beyond the control of one bank.Question: What is usually considered the cause of interest rate risk according to thewoman? (D)译文 男： 嗨，晓红。有些关于美国银行破产的新闻。银行的经营似乎容易受到某些风险的影响。女： 是。过度的利率风险会威胁到银行的收益和资本基础。男： 你知道利率风险的准确含义吗？女： 几句话很难说清楚。让我想想，嗯。一般来说，利率风险产生于附息资产，如贷款或债券的价格变化，其价格因利率的上下浮动而变化。当利率上升时，固定利率债券
5、的价格就下跌。当利率下跌时，这些债券的价格就上涨。男： 所以对于银行来说，控制利率风险的任务是至关重要的，因为利率的变化会影响到银行的附息资产的价值。女： 对。但有时不是一家银行可以控制局面的。Dialog 2 M: Professor Wang, would you tell me what would happen if a bank hadinadequate liquidity?W: There will be dire consequences, I think. You know that liquidity is aprime concern in banking operati
6、on and a shortage of liquidity has oftenbeen a trigger for bank failures. However, holding assets in a highly liquidform tends to reduce the income from that asset.M: It is known that cash is the most liquid asset.W: Exactly. Cash is liquid but pays no interest. So banks usually try to reduceliquid
7、assets as far as possible. Without sufficient liquidity to meet thedemands of their depositors, nevertheless, a bank would experience therisk of a bank run.Question: Which of the following is the key reason that liquidity is a prime concern inbanking operation according to the conversation? (B)译文 男：
8、 王教授，请问假如银行流动资产不足，会怎么样呢？女： 我认为后果会很严重。你知道资产变现能力是银行经营重点关注的问题，流动资产匮乏往往是银行倒闭的导火索。但是，持有流动性过高的资产可能减少资产的收入。男： 众所周知，现金是流动性最高的资产。女： 确实如此。现金的流动性高但不获利。所以银行会尽可能地减少流动资产的持有量。但是，如果银行没有足够的流动资产去满足储户的要求，就会遭受储户挤兑的风险。Dialog 3 M: Lin, our teacher told us today that all the loans made by a commercialbank will be classifi
9、ed into five catalogs: normal, observational, inferior,questionable, and losing. Now, I want to know how to determine whichcatalog one loan goes to. Would you tell me about it?W: Well, it is not an easy job. But it is necessary for the credit risk analysis. Asfar as I know, the credit risk classific
10、ation is made according to the repaymentcapacity of the borrower. If a loan is classified as inferior, questionable orlosing, it is said to be a bad loan. The bank will be required to prepare bad loanreserve and the banking regulators will do something for the loan.M: I see that it is a measure to p
11、revent credit risk.Question: What is implied if a loan is classified as an observational one? (D)译文 男： 林，老师今天告诉我们说商业银行的贷款都会分为五类：正常、关注、次级、可疑和损失。现在我想知道如何确定一笔贷款的类别。你能给我讲讲吗？女： 哦，这不是个简单的事情。但对于信用风险分析是必要的。据我所知，信用风险分类是按照借款人的还款能力确定的。假如一笔贷款被确定为次级、可疑或损失，那么就属于不良贷款。银行就要预备一笔不良贷款准备金，银行管理人员就有事可做了。男： 我知道，这是防范信用风险的措施
12、。Dialog 4 M: Diana, what do you think of the subprime mess in the United States?W: Ive heard of the word hundreds of times these days. As far as I know, it isone of the huge risks caused by hedge funds, and the conflicts of interesthave led a lot of banks and companies, especially investment banks i
13、ntotrouble. They are all the consequences of financial deregulation. Some peoplecommented that they would reverse field in time to prevent another 1929.M: Some economic strategy has attracted a lot of criticism recently. They havecome into force in the name of free-market efficiency. People criticiz
14、edthat some policies have replaced real productive innovation with financialengineering and shifted wealth from families to corporations, and put theentire American economy at ever greater risk.Question: What are they talking about? (B)译文 男： 黛安娜，对于美国的次贷危机你怎么看？女： 这些天我已经数百次听到这个词了。据我所知，这是对冲基金惹的一场大祸。各种利
15、益的冲突导致许多银行和企业，尤其是投资银行陷入困境。这是撤销金融管制产生的后果。有人评论说他们将及时调整方向，以免重复1929 年的悲剧。男： 最近有些经济战略受到许多批评。这些政策是以提高自由市场效率的名义实施的。有人批评说某些政策用金融操控手段取代了真正富有成效的革新，把财富从家庭转移到公司，从而使整个美国经济处于高度风险之中。Task 2 Short Answer QuestionsScripts & AnswersDialog 1 M: Good news, guys. Ive got my loan proposal granted.W: Congratulations. But b
16、e sure that you can get enough money to repay theloan when it is due.M: What will happen if I could not repay the loan?W: The bank will sell your mortgaged house and the payment will be used torepay the loan.M: Oh, it is terrible. Ill of course repay it on time because I have a veryrational repayment plan and a good job.Question: What will happen if a borrower could not repay the loan to the lending bank?The bank will sell the mortgaged house and the payment will be used to rep
