题目内容
（请给出正确答案）
A．a bullet repayment
B．a balloon repayment
C．a basket payment
D．none of the above
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Types of risks
So far we have used the term "risk" rather loosely. One type of risk is default risk, that is, the risk that the borrower will simply not repay the loan, due to either dishonesty or plain inability to do so. Another type of risk, called purchasing - power risk, is the risk that, due to an unexpectedly high inflation rate, the future interest payments, and the principal of the loan when finally repaid, will have less purchasing power than the lender anticipated at the time the loan was made. A similar risk is faced by borrowers. A borrower may cheerfully agree to pay, say, 15 percent interest, expecting that a 12 percent inflation rate will reduce the real value of the loan. But inflation may be only 4 percent.
A third type of risk is called "interest - rate risk" or "market risk", that is, the risk that the market value of a security will fall because interest rates will rise. We will discuss this further later; here we just present the intuitive idea. Suppose that five years ago you bought a ten-year 1 000 bond carrying a 6 percent interest rate, and tile interest rate now obtainable on similar bonds also have five years to go until they mature is 8 percent. Would anyone pay 1 000 for your bond？ Surely not, because they could earn 80 per year by buying a new bond, and only 60 per year by buying your bond. Hence, to sell your bond you would have to reduce its price. But suppose the bond, instead of having five years to maturity, would mature in, say, ninety days, what would its price be then？ It would still be less than 1 000 since the buyer would get 6 percent instead of 8 percent interest for ninety days; but since getting a lower interest sell for only ninety days does not involve much of a loss, the bond would sell for something close to 1 000. Hence, while holding any security with a fixed interest rate involves some interest - rate risk, the closer to maturity a security is, the lower is this risk. On the other hand, if interest rates fall you gain because your bond is worth more; and the longer the time until the bond matures, the greater is your gain. But the fact that you may gain as well as lose does not mean that you are taking no risk.
Diversification
All three types of risks are relevant for deciding what assets to include in a portfolio, and what debts to have outstanding. (The term portfolio means the collection of assets one owns.) Anyone holding more than one type of asset has to consider not the risk of each asset taken by itself, but the totality of the risk on various assets and debts jointly. Suppose someone holds stock in a company that is likely to gain from inflation. The riskiness of a portfolio that combines both of these stocks may be less than the riskiness of each stock taken separately. A port- folio consisting of assets that are affected in opposite directions by given future events is less risky than are the assets that compose it when taken individually. Hence a low-risk portfolio need not contain only assets that individually have little risk; sometimes one reduces the riskiness of a portfolio by adding some high - risk assets that offset the risks of other assets in it.
For Paragraph 1 choose the summary which you think best expresses the main idea.
A．The existence of inflation produces purchasing - power risk.
B．Purchasing - power risk involves a loss in the value of money loaned or borrowed be- cause of higher or lower inflation than expected.
C．Purchasing - power risk produced by an inflation higher than expected affects lenders only.
Loan Calculator
Use our Loan Calculator to help you determine the financing and payment options that are best for you. The Loan Calculator will display the results along with an optional payment schedule if you choose to do so.
Interest Rate : ______%
Term of Loan :______ ○Months ☉ Years
Payment Frequency
☉Monthly ○ Semi-monthly ○ Bi-weekly ○
Payment Amount: ______
(if unknown, leave blank)
Total Loan Amount: $ ______
Down Payment: ______ ☉ Percentage o Dollar
Payment Schedule
Show the dollar amounts apportioned to principal and interest？
☉ Yes o No
Note: The Loan Calculator is intended to provide approximate information about your loan payments. Your actual payment information may vary.
Why should you use the loan calculator？
A．To solve difficult math problems for homework.
B．To determine your best financing and payment options.
C．To schedule appointments on the calendar.
D．To keep records of all your phone numbers.
W: I understand that you worry about that. Every year it seems to me that more students worry about money.
M: I agree. And it's hard to study full time and hold down any kind of job.
W: Have you thought about applying for financial aid？
M: Yah, now, I have, but the real problem is that so many people apply and there's just not enough financial aid available.
W: Maybe you could qualify for some kind of student loan that you would repay after you finish studying. You should go to the financial aid office and see what the requirements are.
M: I suppose that's true. Sometimes I wish the cost of education was completely covered by the government.
W: I'm sure we're not the only ones who are worried about this.
M: Oh, I think it's quite clear that a lot of people think about this. Now that a good education is becoming a must for one to get a good job, I think more people will worry in the future. I can't even pay for myself! How am I supposed to save up to pay for my kids to go to school？
W: Yeah, when you find the answer to that one, be sure to tell me.
(23)
A．The balance of work and study.
B．The financial aid.
C．Education and good job.
D．The tuition.
The term "loan sharks" (Line 3, Para. 1) refers to______.
A．people who lend money at illegal rates of interest
B．banks which care only for influential persons
C．banks which keep money for the poor but charge high fees
D．people who possess wealth and power
When my friend needed a loan he offered the bank his house as ______.
A．debt
B．term
C．collateral
What is the carrying amount of the production equipment in Bash Co’s statement of financial position as at 30 September 20X2？
A.$5,016,000
B.$6,270,000
C.$6,330,000
D.$6,360,000
A．The department may be thinking of refusing the woman.
B．The extra procedures are well worth it when applying for student loans.
C．The department is too strict to approve of the woman's loan application.
D．The department is always strict and their requirements are nothing personal.
请将以下国际法专业文献中的术语与段落翻译为中文。(上海交大2006年研) A loan syndication occurs when several lenders join together to make a loan to a single borrower on the basis of the same loan contract． Each bank has an obligation to make loans to the borrower in accordance with its commitment． If one bank fails to fund according to its respective commitment，the other banks ale not obliged to fund their pro—rata shares of the commitment．
