Unit3 PropertyBoom 高级综合商务英语答案

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1、Unit3PropertyBoomTextAI.ReadingComprehension1.Determinewhetherthefollowingstatementsaretrueorfalse.WriteaTfortrue,anFforfalse,andanNGfornotgiven.1)F2)T3)F4)F5)NG6)F7)T8)F9)T10)T2.EssayQuestions1)Wecanseefromtheindexthatforthefirst100yearsorso,pricesgoupanddownbutgainvery

2、littleoverall.However,startinginthelate1990s,housepricesbegantosoarunprecedentedly.Thenafterhittingthesummitinthemiddleofthefirstdecadeofthenewcentury,itstartedtoplummet.2)Becausepropertyloansarerelativelylightoncapitalandbackedbyrealassets.Inretailbankingmortgagesaretho

3、ughttoanchorlong-termrelationshipswithcustomers.Andlendingoncommercialpropertyisbigenoughforsalesteamstomeettheirtargets.3)Thefirstleveristheinstitutionalframeworkcontrolledbythegovernment—thingsliketaxbreaks,housingsubsidies,landsupplyandthelawsonrecourseintheeventofdef

4、ault.Thesecondleveristhesystemofmortgagefinancing.Andthethirdleveristheideaofmacroprudentialregulationwhichisalreadycommoninsomepartsoftheworld.4)Itdeprivesfirst-timebuyersandtheself-employedoftheirrighttoraiseabankloan.Asaconsequence,theyareencouragedtoseekmoreexpensive

5、andunsecuredmethodoffinancing.Somelendersalsofretthatifunderwritingbecomestooprescriptive,borrowersarerelievedoftakingresponsibilityfortheirownactions.5)Thankstotransactiontaxes,propertybubblesarehelpfultoexchequersandthejobmarketswhenthepropertyboomisunderway.II.Blank-f

6、illing:Completethefollowingsentenceswiththewordsgiveninthebox.Changetheformwhennecessary.1)replicate2)fiscal3)discretionary4)unsustainable5)volatile6)transferable7)mandate8)default9)liquidity10)dampenedIII.Paraphrasing1.Rewriting:Rewritetheunderlinedpartofeachsentenceiny

7、ourownwords.1)Itisnoteasytofindoutthereasonsforthepropertybubble,butfewwoulddisputethateasycreditplayedapartindrivinguppricesandmakingthebustworse.2)Imposingrigidlimitsonhowmuchpeoplecanborroweitherdisenfranchisessome—first-timebuyersandtheself-employedtendtosuffermost—o

8、rincreasestherisksforthoseresortingtoamoreexpensive,unsecuredwayoffinancinginordertobypasstheregulation