【文章內(nèi)容簡介】 hool fees. 2022/8/19 Chen Jianhui 49 The total amount of these recurring items for the year is estimated, and the customer transfers this amount by twelve equal monthly instalments into his budget account. ? recurring items 循環(huán)賬目 2022/8/19 Chen Jianhui 50 He then makes the payments out of this account as and when they fall due. Thus, budget account may at times be overdrawn when payments out of the account exceed the amounts transferring into it. 2022/8/19 Chen Jianhui 51 Exercises Answer the following questions: 1. What are the basic functions of a bank? –Accepting and safeguarding deposits of money from customers。 –permitting money to be withdrawn or transferred from one account to another。 ? lending the surplus of deposited money to suitable customers who wish to borrow. 2022/8/19 Chen Jianhui 52 2. What is the source of a bank?s funds? The bank?s source of funds is their customer?s deposits. 3. Which is the central bank of Great Britain? The Bank of England. 2022/8/19 Chen Jianhui 53 4. What are the services provided by mercial banks according to the text? ? taking in deposits and savings ? making loans ? exchanging currencies ? discounting the bills or notes ? personal and business trust ? securities underwriting 2022/8/19 Chen Jianhui 54 ? cash management ? security brokerage ? real estate brokerage ? international settlement ? foreign exchange dealing ? international finance services 2022/8/19 Chen Jianhui 55 ? Turn the following into English: 1. 票據(jù)交換系統(tǒng) 2. 零售銀行 3. 專業(yè)銀行 4. 中央銀行 5. 資金來源 6. 壞帳 7. 儲蓄銀行 8. 銀行業(yè)務(wù) 9. 存款和貸款 10. 房地產(chǎn)市場 11. 拒絕償付的風(fēng)險 12. 利率 13. 金融業(yè)務(wù) 14. 現(xiàn)金管理 15. 證券承銷 16. 商業(yè)銀行 18. 不動產(chǎn)經(jīng)紀(jì) 2022/8/19 Chen Jianhui 56 1. clearing system 2. retail bank 3. specialized bank 4. central bank 5. source of funds 6. bad debts 7. savings bank 8. banking business 9. deposits and loans 10. property market 11. risk of nonrepayment 12. interest rate 13. financial services 14. cash management 15. securities underwriting 16. mercial bank 17. banking system 18. real estate brokerage 2022/8/19 Chen Jianhui 57 ? Turn the following into Chinese: 1. They are going to withdraw a large amount of money from the Industrial and Commercial Bank of China. 他們打算從中國工商銀行支取一大筆款子 . 2022/8/19 Chen Jianhui 58 2. The National Girobank is essentially a money transmission service based around a central puter to which all account holders? payment instructions are sent for processing. 國民轉(zhuǎn)帳銀行基本上是一個以一臺中央計算機(jī)為主的貨幣劃撥系統(tǒng)，銀行所有帳戶持有人的付款指令都被送到中央計算機(jī)進(jìn)行處理。 2022/8/19 Chen Jianhui 59 2022/8/19 Chen Jianhui 60 Bank Deposits There are three main types of bank deposit and building society deposits. First, there are sight deposits. These are defined as deposits which may be withdrawn on demand without limit or penalty. ? sight deposit 即期存款（又稱 demand deposit) 包括活期存款 (current account)，隔夜資金 (overnight money)及通知存款(money at call)。 2022/8/19 Chen Jianhui 61 Most of them earn interest, usually at a floating rate which moves in step with the occasional changes in bank or building society base rates. 2022/8/19 Chen Jianhui 62 The rates on deposits are generally well below base rates. Sight deposits can be withdrawn through cash dispensers or by cheque and are often called current accounts. ? cash dispenser 現(xiàn)金出納機(jī) ? current account 活期存款（并不一定支付利息）美國稱支票帳戶（ checking account） 2022/8/19 Chen Jianhui 63 Secondly, there are time deposits which always earn interest. The name time deposits arises because, in principle, these deposits may not usually be withdrawn without notice. ? time deposits 定期存款 2022/8/19 Chen Jianhui 64 The notice will be agreed between the bank and the depositor when the deposit is first opened. 2022/8/19 Chen Jianhui 65 However, there is one group of time deposits called instant savings accounts where limited withdrawals may be made without any notice being formally required. ? instant savings account 自動轉(zhuǎn)存儲蓄帳戶 ? limited withdrawal 限額提款 2022/8/19 Chen Jianhui 66 For modest time deposits, like those held by many households, periods of a week or a month are most mon, and these deposits are often called deposit accounts. ? modest a. 程度不高的，中等的 ? deposit account 存款帳戶 , 儲蓄帳戶 能生息但提款要事先通知銀行的帳戶 。 2022/8/19 Chen Jianhui 67 In practice, these small deposits can often be withdrawn without notice, but in that case there is a penalty in the form of some loss of interest. 2022/8/19 Chen Jianhui 68 The interest rates on these small deposits are usually floating rates, and they are usually 25% below the bank?s current base rates. 2022/8/19 Chen Jianhui 69 However, higher fixed rates are available on some deposits, notably many longterm building society deposits called bonds. For sums of, say, ￡ 500 or more, households can use fixed term deposits whose terms range from a few days up to perhaps five years. 2022/8/19 Chen Jianhui 70 These deposits earn higher interest rates, which may be fixed or floating, but no withdrawals are allowed until the term has ended. 2022/8/19 Chen Jianhui 71 People can earn limited amounts of taxfree interest from special time deposits called taxexempt special savings accounts (TESSAs). ? taxfree interest 免稅利息 ? taxexempt special savings account 特別免稅儲蓄帳戶 2022/8/19 Chen Jianhui 72 In 1999, these will be replaced by personal funds called individual savings accounts (ISAs). ISAs will also allow people to earn some taxfree ine from securities. ? personal funds 個人基金 ? individual savings account 個人儲蓄帳戶 2022/8/19 Chen Jianhui 73 On very large fixedterm deposits of perhaps ￡ 100,000 or more, which would generally be placed only by