Successful financial intermediaries have higher earnings on their investments because they
A.moral hazard
B.adverse selection
C.bad luck
D.financial panics
A.moral hazard
B.adverse selection
C.bad luck
D.financial panics
A group of patients experienced a near collapse in their self-esteem because______.
A.they were master-of-the-universe guys
B.they were not successful and accomplished without financial status
C.they didn't have clinical depression
D.they didn't feel confident about themselves without financial status
The author implies that ______.
A.the single currency does not suit the whole Europe
B.the single currency will become successful in the global financial market
C.European Central Bank may probably encounter troubles concerning the single currency after January 1, 1999
D.the single currency will increase the tensions in the global financial market
What type of business does the speaker have?
A.Advertising
B.Property management
C.Building renovation
D.Accounting
What is the purpose of the talk?
A.To publicize a recreation facility
B.To provide financial advice
C.To advertise a computer software
D.To announce a theater opening
In relationship banking the emphasis is on establishing a long-term multiple-service relationship; on satisfying the totality of the client's financial service needs; and on minimizing the need or desire of clients to splinter their financial business among various institutions.
Implicit within any definition of relationship banking is recognition that the financial-service requirements of one individual or relatively homogeneous group. A successful relationship banking program is, therefore, dependent in a large part on the development of a series of "financial-serviced packages": each designed to meet the needs of identifiable homogeneous groups.
Another dimension of relationship banking is the development of highly personalized relationships between employee and client. In most financial institutions today the client is serviced by any employee who happens to be free at the time, regardless of the nature of the transaction. Personalized relation ships are therefore difficult to establish. In a full relationship banking pro gram, however, the client knows there is one individual within the institution who has intimate knowledge of the client's requirements and preferences regarding complex transactions. Over time, the client develops a high level of confidence in this employee. In short, a personalized relationship evolves between client and employee.
With what subject is the passage mainly concerned?
A.The decline of the financial-service industry.
B.Variety within financial services.
C.A way of making banking more personal.
D.Increasing everyday banking transactions.
Seeking: Assistant Controller
Large downtown law firm is seeking an Assistant Controller for our Accounting Department.
Basic responsibilities include control of the accounting systems, supervision of a seven-person team, and assisting with the hiring and training of new employees.
Qualified applicant should have eight years of accounting experience, Experience working in a law firm is desirable.
Education requirements include an undergraduate degree in accounting. CPA is preferred.
The successful candidate will have the necessary computer skills and be familiar with the most current automated financial systems. To apply for this position, send a r~sum6 and three letters of reference to:
Annabelle Smythe
Forbes, Lawrence, and Ross
187 Oakland Boulevard
Detroit, MI 41084
Closing date: November 12
What kind of firm is hiring?
A.A computer company
B.An accounting office
C.An advertising agency
D.A law firm
What is the purpose of the e-mail?
A.To notify employees of a successful merger.
B.To report the company"s record sales.
C.To announce a change in business plans.
D.To introduce a new company lawyer to board members.
【C1】
A.at
B.in
C.on
D.with
Present planning, thinking, and legislation will not produce the kinds of New Town that have been successful abroad. It will multiply suburbs or encourage developments in areas where land is cheap and construction profitable rather than where New Towns are genuinely needed.
Such ill-considered projects not only will fall to relieve pressures on existing cities but will, in fact, tend to weaken those cities further by drawing away high-income citizens and increasing the concentration of lowincome groups that are unable to provide tax income. The remaining taxpayers, accordingly, will face increasing burdens, and industry and commerce will seek escape. Unfortunately, this mechanism is already at work in some metropolitan areas.
The promoters of New Towns so far in the United States have been developers, builders, and financial institutions. The main interest of these promoters is economic gain. Furthermore, federal regulations designed to promote the New Town idea do not consider social needs as the European New Town plans do. In fact, our regulations specify virtually all the ingredients of the typical suburban community, with a bit of political rhetoric (修辞) thrown in.
A workable American New Town formula should be established as firmly here as the national formula was in Britain. All possible social and governmental innovations as well as financial factors should be thoroughly considered and accommodated (容纳)in this policy. Its objectives should be clearly stated, and both incentives and penalties should be provided to ensure that the objectives are pursued, If such a policy is developed, then the New Town approach can play an important role in alleviating America's urban problems.
The writer thinks that the idea of building "New Town" in the U.S. ______.
A.will help to solve the present urban situation
B.will produce the same sorts of results as does in Europe
C.will by no means alleviate the urban problems
D.will prevent the present urban situation from getting worse