金融英语刘文国第二版课后练习Exercises 04.docVIP

Exercises four 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 commecial loan? Commercial loans are bank loans that are granted to different types of business entities. The commercial loan is often thought of in terms of a short-term source of cash for a business. 3.What is credit card? Credit card is any card that may be used repeatedly to borrow money or buy products and services on credit. Issued by banks, savings and loans, retail stores, and other businesses. 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 current assets, after subtracting its liabilities. Sometimes referred to as operating capital, it is a valuation of the amount of liquidity a business or organization has for the running and building of the business. 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? The 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