【正文】 of the principal 8) leap year 9) in a lump sum 10) at regular intervals 2022/8/19 Chen Jianhui 86 Multiple Choice: 1） If you borrow $1,000 at a simple interest rate of 12 percent and repay the principal in a lump sum at the end of one year, the interest you will pay is _____. A.$100 C.$1000 B.$120 D.$12 B 2022/8/19 Chen Jianhui 87 (2) If you agree to borrow $1,000 for two years at 12 percent pounded annually but paid at the end of the period, the interest figures calculated would be: _______. A.$240 C. $ B. $120 D. $ C 2022/8/19 Chen Jianhui 88 (3) Which of the following is not right? ______ equation for calculating pound interest is “F= P (1+R) T ”. simple interest of $1,000 for only six months or 1/2 year is $60. mon for lending transactions today is pound interest. is the period over which simple interest is calculated and is usually stated in years. B 2022/8/19 Chen Jianhui 89 4) In the equation “F= P (1+R) T ”, “F” stands for ________. A.“interest paid” B.“rate of interest” C.“principal amount” D.“fee for borrowing money” D 2022/8/19 Chen Jianhui 90 5) The equation “I = P R T” is for calculation of _______. interest interest rate amount borrowed A 2022/8/19 Chen Jianhui 91 Part 5: Bank Interest Rates (A) Base Rate 基本利率 A bank39。s base rate is an important interest rate for most borrowing customers. lt is to this rate that all small and most large overdrafts are linked. 2022/8/19 Chen Jianhui 92 A base rate represents the rate that a bank must charge its borrowers in order to meet most of the costs for running the bank, while attracting sufficient deposits. Base rate will always be very close to shortterm money market rates and, therefore, will be subject to fairly frequent changes. 基本利率表示銀行在吸引存款的同時(shí)，為了支付其經(jīng)營銀行所需的費(fèi)用而必須向借款人收取的利率?；纠士偸桥c短期資金市場利率關(guān)系密切，因此，它容易頻繁變動(dòng)。 2022/8/19 Chen Jianhui 93 If, for example, a bank’s base rate was below money market rates, a customer could borrow from a bank and lend these funds to the money market, thus making a profit on the deal. 2022/8/19 Chen Jianhui 94 Most borrowing customers pay a margin over base rate to meet the interest rate charged on loans and overdrafts. The amount of this margin will vary largely according to the degree of risk perceived by the bank, and to some extent on the amount borrowed and the time period of the loan, together with the security, if any is offered. margin n. 差額，保證金 抵押，擔(dān)保 a 多數(shù)借款人要支付一個(gè)高于基本利率的差額，以此支付銀行貸款和透支收取的利息。差額的數(shù)量是有差異的，差異的產(chǎn)生是根據(jù)銀行認(rèn)定的風(fēng)險(xiǎn)程度，在某種程度上還根據(jù)所借的金額以及貸款的期限，還考慮抵押品的價(jià)值（如果有的話）。 2022/8/19 Chen Jianhui 95 Therefore, a large pany customer of undoubted, financial integrity will be able to borrow at rates down to as low as one per cent over base rate. Such a rate is known as a bluechip rate. 因此， 一個(gè)有良好金融信譽(yù)的大型公司能夠以僅高于基本利率 1%的低利率借款。這種利率叫做最優(yōu)惠信貸利率。 2022/8/19 Chen Jianhui 96 Other borrowers will pay higher rates of between 2 and 4 percent over base rate, with any security offered being taken into account when fixing the rate. 別的借款人支付的利率比基本利率要高 2至 4個(gè)百分點(diǎn)，而且在確定利率時(shí)要考慮所提供的抵押品。 2022/8/19 Chen Jianhui 97 For unauthorized overdrafts, such as a personal customer anticipating receipt of his or her salary or personal and business customers exceeding an agreed overdraft limit, very high rates over base rate are charged, frequently at 10 to 15 per cent over base rate. Some customers may also be subject to structured interest rates. 對于未經(jīng)批準(zhǔn)的透支 如個(gè)人客人提前提取薪金，個(gè)人或公司客戶超過議定的透支額度 要收取的利率大大高于基本利率， 往往要高出 10%15%。對某些客戶銀行必須按結(jié)構(gòu)性利率計(jì)算。 結(jié)構(gòu)性利率，指按 不同的利率分別計(jì) 算透支部分的利率 2022/8/19 Chen Jianhui 98 Interest is calculated on the amount borrowed on a daily basis and usually charged to the account quarterly, but sometimes halfyearly. In this way, bank. borrowing is a relatively inexpensive form of finance because the customer is only charged for the amount borrowed. 2022/8/19 Chen Jianhui 99 However, where borrowing facilities are granted, a bank will often make a special charge for arranging them and mitting the bank39。s money, whether the facilities are used or not this is known as an arrangement fee. 不過，如果借款一經(jīng)審批，無論借款是否履行，銀行都會索取一筆辦理和承諾動(dòng)用銀行款項(xiàng)的特別費(fèi)用。這筆費(fèi)用稱為安排費(fèi)。 2022/8/19 Chen Jianhui 100 (B) Deposit Rate The current rate of interest allowed on deposit accounts is displayed in all bank branches. The rate is not directly linked to base rate, but changes will always follow the trend of base rate. 2022/8/19 Chen Jianhui 101 Deposit rate is usually some 23 per cent below base rate and, clearly, the difference between deposit rate and rates for borrowers represents one source of gross profit for the bank, out of which must be paid the bank39。s operating expenses. 2022/8/19 Chen Jianhui 102 In addition to the rate paid on deposits, most banks operate savings accounts with their own structure for rates of interest. Also, most banks accept larger sums of money for fixed terms at either fixed or fluctuating rates of interest. 2022/8/19 Chen Jianhui 103 (C) Personal Loan Rates The interest charged on personal loans is usually fixed for the period of the loan and the interest rate quoted is a flat rate although the lender is obliged by law to state in writing the annual percentage rate. a flat rate 平利率 指一種不考慮時(shí)間長短的簡單百分比利率。例如，本金為 1000元，年利率為 5%，則不管時(shí)間多長，利率都是 50元 2022/8/19 Chen Jianhui 104 The APR charged on personal loans will always, at any one time, be considerably higher than that charged on parable overdrafts, and will be approaching the rates charged by hirepurchase panies. ? APR= annual percentage rate 年利率 ?