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
• Read the article below about American consumers’ borrowing styles, and the questions on the opposite page. • For each question
• Read the article below about American consumers’ borrowing styles, and the questions on the opposite page. • For each question
admin
2014-03-03
56
问题
• Read the article below about American consumers’ borrowing styles, and the questions on the opposite page.
• For each question 13--18, mark one letter (A, B, C, or D) on your Answer Sheet for the answer you choose.
HOW DO AMERICAN CONSUMERS BORROW?
Young consumers often have not established their credit ratings. Many do not have steady incomes. They might have difficulty borrowing money from an agency in business to make loan. Parents or relatives are usually their best source of loans. Of course, the parents or relatives would have money available and be willing to lend it. You might even get an interest-free loan.
For most consumers the cheapest place to borrow is at the commercial bank. Banks are a good source of installment loan which may run for 12 months up to 30. Most of banks also make single-payment loans to consumers for short periods--30, 60, or 90 days. The newest type of bank loan is one that a depositor can get simply by writing a check. It works like this. A depositor is given a limited amount of credit, usually between $ 500 and $1, 000. He or she may write checks up to the amount allowed. Once a check has been written, the amount of the check becomes a loan. Usually no charge is made for interest until the loan is made. A typical interest rate is 3 cents per $100 per day, or just under 1% a month. Suppose that you used $100 of your credit and repaid it in 30 days. The cost would be 90 cents. If you repaid it in 10 days, the cost would be only 30 cents.
There is another source of consumer loans that may be even cheaper than a bank. It is a credit union. But you have to be a member to borrow from one. A credit union is a cooperative. You remember that a cooperative is a business organized to provide its owners, or members, with goods or services at a saving. Like a bank, a credit union is both a savings and a lending organization. Its members deposit their savings in the credit union and are paid interest in return. These savings are used to make loans to members at low rates. Members of a credit union are people with a common bond. They may work for the same firm or belong to the same church, lodge, or labor union.
Consumer loans are small in amount compared to those made to business firms. Companies that specialize in making loans to consumers, therefore, are sometimes called small-loan companies. These companies operate under state laws which regulate both the maximum amount that can be loaned and the rates charged. Regulations vary from one state to another. In general, however, the rates charged by small-loan companies are higher than those of other legal lenders except pawnbrokers. The following facts should tell you why.
Half or more of the loans made by small-loan companies are signature of character loans. Practically all loans are paid in installments. In some states, small-loan companies will lend as little as $ 25 or $ 50. Many of their customers are persons whose credit ratings are so poor that they cannot borrow elsewhere.
Another possible source of loans is a life insurance policy. Life insurance loans are easy to obtain. The rate charged is less than that for almost any other type of loan available to consumers. This is because the lender takes no risk. Also, borrowers may take as long as they want to repay their loans. Although that may seem like an advantage, it can also be a disadvantage. When a borrower is not required to repay a loan within a certain time, it is easy to let it run on and on. This increases the dollar cost of the loan because interest must be paid for as long as the loan continues.
According to paragraph 2, if you use $100 of your credit and repay it in 20 days, how much interest will you pay?
选项
A、70 cents.
B、60 cents.
C、80 cents.
D、50 cents.
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/OcoO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
ThevisitoftheAmericanDelegationwill______.Mr.Smith’seffortincomingtoTianjingis______.
•Lookatthenotesbelow.•Youwillhearawomancheckingdetailsofherappointments.MessageBusinessTrip:16/0817
•Youwillhearaprofessorgivingatalkontheslowdownsoftheworldeconomy.•Foreachquestion23-30,markoneletter(A,
•Therearethirtyquestionsonthisquestionpaper.•Instructionsaregivenonthetape.•YoucanwriteonthisQuestionPape
1DickhadplannedtoinviteCathytogotoaconcerton(9),butCathyhastoworkonthisday.2Concertstartingtime:A
•Youwillhearfiveshortrecordings.•Foreachrecording,decidewhatthespeaker’sstrategyisforsuccessinmanagement.•
•Therearethirtyquestionsonthisquestionpaper.Instructionsaregivenonthetape.•YoucanwriteonthisQuestionPape
Youwillheararadiointerviewaboutthesportswearindustry.Foreachquestion(23-30),markoneletter(A,BorC)fortheco
YouwillhearapartofaspeechabouttheAsiancrisis.Choosethebestanswerforeachofthequestions(23—30).Markonele
—Readthearticleaboutchoosinganagent.—Inmostofthelines34~45thereisoneextraword.Itiseithergrammaticallyincor
随机试题
安静时,细胞内、外正常Na+和K+浓度差的维持是由于()
选择一种可以明确区分以下同分异构体的波谱分析方法,并简要说明理由。
中枢兴奋药过量最严重的反应是
A.基牙继发龋B.牙周咬合创伤C.牙本质敏感D.邻接点恢复不良E.早接触固定桥使用后出现食物嵌塞,最可能的原因是
真空管道进行气压试验时,其试验压力应为()。
某年全国最终消费54617亿元,资本形成总额32255亿元,货物和服务净出口2240亿元,合计为89112亿元,这是根据( )计算的国内生产总值。
中小型企业一般设()。
材料:王老师在讲《雨巷》这一课时,叫了几个学生起来朗诵这首诗。平时就对诗朗诵很感兴趣的小蕾举手示意,非常希望能在同学们面前朗诵。然而王老师却对她说:“你还是先把你的学习搞好吧,上次考试就没及格!”小蕾脸涨得通红,欲言又止。班里的气氛也一下子紧张了起来。
只有迎着群众需求上,贴着群众认可改,瞄准群众满意干,才能体现改革的温度和力度。这句活蕴含的哲理是()。
Donottrustsuchmen______oftenliketopraiseyoutoyourface.
最新回复
(
0
)