If you watch the news in Britain or look at a British newspaper at the moment, a ______1______ you are more than likely to come across is 'credit crunch'. It has become a bit of a buzzword, but what does it mean?
Well, it's a financial term and it means that people in Britain are feeling the pinch right now. A credit crunch means banks have a ______2______ of money to loan people, which ______3______ has an effect on many other things. It's the effect this shortage of money has which is called the credit crunch.
The beginnings of this problem can be traced back to America, where people with a ______4______ were allowed to take out ______5______, which they were unable to repay.
Banks often lend money to and borrow money from each other, something we might not have realised they actually do. It was certainly cheaper for banks in America to get money this way, than to borrow money from America's Federal Reserve, their central bank.
参与方式：1.听短文，填出文章中空缺单词。
2.根据短文大意，判断句子对错。
1）People in Britain have lots of spare cash at the moment. True / False
2）A credit crunch means banks have too much money to loan people. True / False
3）The credit crunch started in America. True / False
以下为回复可见内容
1. a term – 术语，名词
2. a shortage – 短缺
3. in turn – 导致
4. poor credit history – 不良贷款历史
5. mortgages – 抵押贷款
1.False 2.False 3.True
-----------------------------------------------------------
a term – 术语，名词
buzzword – 流行词
feeling the pinch – 手头拮据，缺钱
a shortage – 短缺
in turn – 导致
poor credit history – 不良贷款历史
mortgages – 抵押贷款
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posted on 2008-04-29 00:26
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