金融英语视听说_第三章听力原文及答案

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1、Unit3ShortDialoguesTask1MultipleChoiceScripts&AnswersDialog1M:Hi,Xiaohong.ThereisnewsaboutbankruptciesofsomeU.S.banks.Itseemsthebanksaresubjecttosomerisksintheiroperation.W:Yes.Excessiveinterestrateriskcanposeasignificantthreattoabank’searningsandcapitalbase.M:Doyouknowtheexactmeaningoftheint

2、erestraterisk?W:Itisdifficulttoexplainitinafewwords.Letmesee,eh…Generallyspeaking,interestrateriskistheriskarisingfromthechangeinvalueofaninterest-bearingasset,suchasaloanorabond,duetofluctuationininterestrates.Asratesrise,thepriceofafixedratebondwillfall.Asratesfall,thepriceofthebondwillrise

3、.M:Sothetaskofcontrolovertheinterestrateriskwouldbecriticaltobanks,becausethechangeininterestrateswillaffectthevalueofabank’sinterest-bearingassets.W:Right,butsometimesitisbeyondthecontrolofonebank.Question:Whatisusuallyconsideredthecauseofinterestrateriskaccordingtothewoman?(D)译文男：嗨，晓红。有些关于美

4、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。Dialog2M:ProfessorWang,wouldyoutellmewhatwouldhappe

5、nifabankhadinadequateliquidity?W:Therewillbedireconsequences,Ithink.Youknowthatliquidityisaprimeconcerninbankingoperationandashortageofliquidityhasoftenbeenatriggerforbankfailures.However,holdingassetsinahighlyliquidformtendstoreducetheincomefromthatasset.M:Itisknownthatcashisthemostliquidass

6、et.W:Exactly.Cashisliquidbutpaysnointerest.Sobanksusuallytrytoreduceliquidassetsasfaraspossible.Withoutsufficientliquiditytomeetthedemandsoftheirdepositors,nevertheless,abankwouldexperiencetheriskofabankrun.Question:Whichofthefollowingisthekeyreasonthatliquidityisaprimeconcerninbankingoperati

7、onaccordingtotheconversation?(B)译文男：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。Dialog3M:Lin,