.实用文档.
. Chapter 10
The Alchemists of Finance
Exercises
1. Questions on the text
1) What’s the main difference between commercial banks and investment
banks?
In today's business environment, the main business of commercial banks is to
collect deposits and make loans, while that of investment banks is to underwrite
stocks and bonds and advise companies on mergers and acquisitions.
2) Why do investment banks try to keep quiet about their big profits?
Investment banks try to keep quiet about their big profits for two major reasons:
first, they are under more scrutiny by regulators and investors; second, private
equity and hedge funds have overtaken them in raising money and making
excessive bets.
3) What changes have taken place in the financial markets since the 1980s?
The main changes since 1980s have been the rapid growth of financial
高级综合商务英语1课件unit1
Unit 1: The Global Economy
Introduction:
In today's interconnected world, understanding the global
economy is essential for businesses to thrive. This unit will cover
key concepts related to the global economy, including
international trade, economic systems, and exchange rates. By
gaining a deeper understanding of these topics, students will be
better equipped to navigate the complexities of the global
marketplace.
Key Concepts:
1. International Trade:
International trade plays a crucial role in the global economy,
enabling countries to exchange goods and services across
borders. In this section, students will learn about the benefits of
international trade, including increased economic growth,
market access, and specialization. They will also explore key
trade theories, such as comparative advantage and the theory of
Unit 1 Education
Part I Pre-reading Questions
1. Education is generally defined as the process of learning and acquiring information. Formal
learning in a school or university is one of the most common types. It is generally classified into
three types: school education, family education and social education.
2. Education plays an important role in our lives, the function of which includes cultivating
high-quality and knowledgeable talents, providing work-force for the development of economy
and creating scientific knowledge for our nation.
3. It hasn’t realized the elimination of social inequality. Because of realistic and historical
reasons, there still exists unfairness in the area of education. Take China for example, the
deficiency of educational investment is a prominent problem. Some children in poor areas can’t be
Chapter7 Business Environment
1：
（1） Because they fill it can increase competition and lead to greater efficiency.
（2） The major development in the global political and economic picture.
（3） The outcome-42%voting for Swedish entry into the EMU, and 55.9%
voting for Sweden to remain outside the monetary union.
（4） US, United Kingdom and Sweden.
（5） A fairly extensive, though non-discriminatory, system of permits and
authorization needed to engage in many activities and the dominance of
few, very large players in certain sectors, e.g. construction and food
wholesaling.
（6） Pharmaceuticals and alcoholic beverages.
2:
1-6 T F F F F F 7-12 F T T F T F
3:
(1)
Investment climate 投资环境 business sector 商业部门
Emerging markets 新兴市场 corporate taxes 公司税
Record high 创历史新高 credit instrument 信用证
