unit3propertyboom高级综合商务英语答案

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1、Unit3PropertyBoomTextALReadingComprehensionLDeterminewhetherthefollowingstatementsaretrueorfalse.WriteaTfortrue,anFforfalse,andanNGfornotgiven.1)F2)T3)F4)F5)NG6)F7)T8)F9)T10)T2.EssayQuestions1)Wecanseefromtheindexthatforthefirst100yearsorso,pricesgoupanddownbutgainverylittleoverall.How

2、ever,startinginthelate1990s,housepricesbegantosoarunprecedentedly.Thenafterhittingthesummitinthemiddleofthefirstdecadeofthenewcentury,itstartedtoplummet.2)Becausepropertyloansarerelativelylightoncapitalandbackedbyrealassets.Inretailbankingmortgagesarethoughttoanchorlong-termrelationshi

3、pswithcustomers.Andlendingoncommercialpropertyisbigenoughforsalesteamstomeettheirtargets.3)Thefirstleveristheinstitutionalframeworkcontrolledbythegovernment一thingsliketaxbreaks,housingsubsidies,landsupplyandthelawsonrecourseintheeventofdefault.Thesecondleveristhesystemofmortgagefinanci

4、ng.Andthethirdleveristheideaofmacroprudentialregulationwhichisalreadycommoninsomepartsoftheworld.4)Itdeprivesfirst-timebuyersandtheself-employedoftheirrighttoraiseabankloan.Asaconsequence,theyareencouragedtoseekmoreexpensiveandunsecuredmethodoffinancing.Somelendersalsofretthatifunderwr

5、itingbecomestooprescriptive,borrowersarerelievedoftakingresponsibilityfortheirownactions.5)Thankstotransactiontaxes,propertybubblesarehelpfultoexchequersandthejobmarketswhenthepropertyboomisunderway.ILBlank-filling:Completethefollowingsentenceswiththewordsgiveninthebox.Changetheformwhe

6、nnecessary.1)replicate2)fiscal3)discretionary4)unsustainable5)volatile6)transferable7)mandate8)default9)liquidity10)dampenedIILParaphrasing1.Rewriting:Rewritetheunderlinedpartofeachsentenceinyourownwords.1)Itisnoteasytofindoutthereasonsforthepropertybubblybutfewwoulddisputethateasycred

7、itplayedapartindrivinguppricesandmakingthebustworse.2)Imposingrigidlimitsonhowmuchpeoplecanborroweitherdisenfranchisessome一first-timebuyersandtheself-employedtendtosuffermost―orincreasestherisksforthoseresortingtoamoreexpensive、unsecuredwayoffinancinginordertobypasstheregulation.1)De