首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Millions of Americans run to the bank or visit automated teller machines when they need cash. They use credit cards when they wa
Millions of Americans run to the bank or visit automated teller machines when they need cash. They use credit cards when they wa
admin
2013-09-28
90
问题
Millions of Americans run to the bank or visit automated teller machines when they need cash. They use credit cards when they want to buy clothes, VCRs, or television sets.
But there is an underclass—people with low incomes and no credit history—who visit their neighbourhood pawnshops when they need cash or a loan.
An estimated 20 percent of the US population has no bank account, more than half of this group don’t have credit cards and cannot get bank loans.
"These people are borrowing an average of $ 50," said John P. Caskey of Swarthmore College in Swarthmore, Pennsylvania. "If you add up in terms of how much dollar value pawnshops provide they don’t look very important. If you add up how much of the population they serve or the number of loans they make, they are important."
Because they make loans, pawnshops are a type of bank, often calling themselves "the bank of the little people".
Caskey and Swarthmore student Brain Zikmund in 1989 looked at the importance of pawnshops in the US economy—the first serious study of the subject since the 1930s.
Their conclusion: pawnshops are the consumer’s lender of last resort.
Pawnshop customers typically cannot get credit at mainstream financial institutions. They have poor credit records, excessive debt in relation to their incomes, low and unstable incomes, or cannot maintain positive hank account balances.
Typically, pawnshop customers borrow relatively small amounts that traditional lenders are unwilling or unable to provide on a secured basis.
"If you look at total consumer credit, the amounts provided by pawnshops remain small," Caskey said. "They are lending primarily to low-income people. In terms of the population they serve, they’re really important."
In 1988, about 6. 900 pawnshops operated in the United Stales—one for every two banks. Data suggest these pawnshops made about 35 million loans, providing that Caskcy and Zimund estimate as 1 percent of the nation’s consumer credit.
What do the underclass people do when they need cash?
选项
A、They go to local banks for help.
B、They apply for credit cards.
C、They ask for a loan from large banks.
D、They apply for a loan in a pawnshop.
答案
D
解析
细节理解题。由文章第二段可知穷人需要现金时不是去银行,而是去当铺,因此D选项为正确答案。 A、B、C选项是指的大多数美国人的做法。
转载请注明原文地址:https://kaotiyun.com/show/6tLK777K
0
专业英语四级
相关试题推荐
Thedeclineinmoralstandards—whichhaslongconcernedsocialanalysts—hasatlastcapturedtheattentionofaverageAmericans.
Supposeyouaredrivingonahighwaywiththreelanesgoinginyourdirectionandyoucomeuponatollplazawithsixtollbooth
Giventhebriefestofglancesatapicture,mostpeoplebelievetheyhavenothadtimetorecognizeanythinginitatall.Askt
Theconceptofpersonalchoiceinrelationtohealthbehaviorsisanimportantone.Anestimated90percentofallillnessesmay
Itisimperativethatthegovernment______moreinvestmentintotheshipbuildingindustry.
Somestudentswanttoattendauniversityintheirhomecountry,whileothersdesiretostudyabroad.Whichisabetterwaytog
ItispossibleforstudentstoobtainadvanceddegreeinEnglishwhileknowinglittleornothingabouttraditionalscholarlymet
Theelectronicgameswouldnothave______withoutbeingingeniouslyprogrammed.
AnypossiblesolutiontotheIranianquestioncanonlycome______throughdialogue.
Katya’s______loveofjusticecausedhertochampionanyonesheconsideredtobetreatedunfairlybysociety.
随机试题
铜基催化剂还原后轻负荷运行期为()。
对急性肾盂肾炎最有诊断价值的检查是
药物在储藏中,易发生泛油现象的成分是
执业药师是指
以下是属于商业银行风险管理部门职责范围内的是()。
创新教育就是组织学生多搞些小制作、小发明活动。()
【2015.河南邓州】“自由联想”或“触景生情”引起的回忆是一种()。
设G={(x,y)|0≤x≤3,0≤y≤1}是一矩形,向矩形G上均匀地掷一随机点(X,Y),则点(X,Y)落到圆x2+y2≤4上的概率为________.
设随机变量X,Y相互独立,X~U(0,2),Y~E(1),则P(X+Y>1)等于().
前缀为48位的IPv6地址块,可以分配给主机的地址数最多为()。
最新回复
(
0
)