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经常硬目（Current Account)（首都经贸大学2004年；北京工商大学2004年)
经常硬目(Current Account)(首都经贸大学2004年；北京工商大学2004年)
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经常硬目(Current Account)(首都经贸大学2004年；北京工商大学2004年)
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更多“经常硬目（Current Account)（首都经贸大学20…”相关的问题
A current account is one that has cash put in or withdrawn at any time.(英译汉)
Dear professor,
Banks normally receive money from their customers in two distinct forms; on current account, and on deposit account. With a current account, a customer can issue personal cheques. No interest is paid by the bank on this type of account. With a deposit account, however, the customer undertakes (答应) to leave his money in the bank for a minimum specified period of time. Interest is paid on this money.
The bank in turn lends the deposited money to customers who need capital. This activity earns interest for the bank, and this interest is almost always at a higher rate than any interest which the bank pays to its depositors. In this way the bank makes its main profits.
We can say that the primary function of a bank today is to act as an intermediary (中间人) between depositors who wish to make interest on their savings, and borrowers who wish to obtain capital. The bank is a reservoir (水库) of loanable money, with streams of money flowing in and out. For this reason, economists and financiers often talk of money being" liquid" , or of the ' liquidity ' of money. Many small sums which might not otherwise be used as capital are made useful simply because the bank acts as a reservoir.
The system of banking rests upon a basis of trust. Innumerable acts of trust build up the system of which bankers, depositors and borrowers are part. They all agree to behave in certain predictable ways in relation to each other, and in relation to the rapid fluctuations of credit and debit. Consequently, business can be done and cheques can be written without visibly changing hands.
On______, the bank will pay interest.
A．the current account
B．personal cheques
C．the deposit account
D．both the current and deposit account
Paying bills
Many landlords prefer to collect rent directly from a bank account.
You may be able to obtain cheaper services if you pay bills directly from a bank account，e. g. telephone, gas/water/electricity.
If you are given a chequebook, you can also write cheques as a safe way of paying for things.
Cash
You can easily obtain money from cash machines，or pay directly from your account using a debit card(借记卡).
Saving money
It is generally cheaper to use a UK account than it is to pay by credit card(信用卡)or withdraw (提取) cash from a foreign bank.
Employment
If you work in the UK，some employers require you to have a bank account so that you can get your pay.
Advantages of UK Current Account
Paying bills： 1) to pay rent directly from ①
2) to obtain ② services
3) to pay for things with cheques safely
Cash：1)to obtain money from ③ easily
21 to pay directly from your account
Saving money：cheaper to use a ④ account
Employment：to get your ⑤ through a bank account
Jenny: Yes,().
Clerk: A deposit account or a current account？
Jenny: Er, I’m not sure.You see, I have monthly remittances sent to me from the Canada Embassy and I’d like to have the money paid into an account.
Clerk:()The bank will give you a check book and you can take money out when you need it.
Jenny: Fine.What do I have to do？
Clerk: Do you have any form.of ID？
Jenny: Will my passport do？
Clerk: Sure.()
Jenny: No problem...It’s done.
Clerk: And could you give me your signature here？
Jenny: Sorry？()
Clerk: Please sign your name in the blank space below.
Jenny: I see.Now here you are.
Clerk: Thank you.It will take a few days for your check book to arrive.()You can inform.your embassy of your account number so that your money can be transferred directly.
Jenny: Thank you very much.
A.Then please just fill in this form.with your name and address in capital letters.
B.I’m afraid I didn’t quite catch that.
C.I’d like to open an account.
D.Then you’d better open a current account.
E.We’ll contact you as soon as it comes.
When anyone opens a current account at a bank, he is lending the bank money. He may (1)_____ the repayment of the money at any time, either (2)_____ cash or by drawing a check in favor of another person.(3)_____, the banker-customer relationship is that of debtor and creditor who is (4)_____ depending on whether the customer's account is (5)_____ credit or is overdrawn. But, in (6)_____ to that basically simple concept, the bank and its customer (7)_____ a large number of obligations to one another. Many of these obligations can give (8)_____ to problems and complications but a bank customer, unlike, say, a buyer of goods, cannot complain that the law is (9)_____ against him.
The bank must (10)_____ its customer's instructions, and not those of anyone else. (11)_____, for example, a customer opens an account, he instructs the bank to debit his account only in (12)_____ of checks drawn by himself. He gives the bank (13)_____ of his signature, and there is a very firm rule that the bank has no right or (14)_____ to pay out a customer's money (15)_____ a check on which its customer's signature has been (16)_____. It makes no difference that the forgery may have been a very (17)_____ one: the bank must recognize its customer's signature. For this reason there is no (18)_____ to the customer in the practice, (19)_____ by banks, of printing the customer's name on his checks. If this (20)_____ forgery, it is the bank that will lose, not the customer.
A．acquire
B．deposit
C．demand
D．derive
Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $35,000 and he contributes the maximum amount to his IRA account during the current year. How much can Kyle deduct for AGI this year？()
A、$0
B、$1,500
C、$3,000
D、$4,000
E、$5,500
When anyone opens a current account at a bank, he is lending the bank money, repayment of which he may demand at any time, either in cash or by drawing a check in favor of another person. Primarily, the bank-customer relationship is that of debtor and creditor who is which depending on whether the customer's account is in credit or overdrawn. But, in addition to that basically simple concept, the bank and its customer owe a large number of obligations to one another. Many of these obligations can give rise to problems and complications but a bank customer, unlike, say, a buyer of goods, cannot complain that the law is loaded against him.
The bank must obey its customer's instructions, and not those of anyone else. When, for example, a customer first opens an account, he instructs the bank to debit (把……记入借方) his account only in respect of checks drawn by himself. He gives the bank specimens of his signature, and there is a very firm rule that the bank has no right or authority to pay out a customer's money on a check on which its customer's signature has been forged. It makes no difference that the forgery may have been a very skillful one: the bank must recognize its customer's signature. For this reason there is no risk to the customer in the practice, adopted day banks, of printing the customer's name on his checks, ff this facilitates forgery, it is the bank which will lose, not the customer.
When you have a bank account, you ______. ()
A．must always be in credit
B．can't draw any money if you're overdrawn
C．can draw money without notice
D．can't pay money to anyone else
Selling price and variable cost are given here in current price terms before taking account of forecast selling price inflation of 4% per year and variable cost inflation of 5% per year.
Incremental fixed costs of $500,000 per year in current price terms would arise as a result of producing the new product. Fixed cost inflation of 8% per year is expected.
The initial investment cost of production equipment for the new product will be $2·5 million, payable at the start of the first year of operation. Production will cease at the end of four years because the new product is expected to have become obsolete due to new technology. The production equipment would have a scrap value at the end of four years of $125,000 in future value terms.
Investment in working capital of $1·5 million will be required at the start of the first year of operation. Working capital inflation of 6% per year is expected and working capital will be recovered in full at the end of four years.
Hebac Co pays corporation tax of 20% per year, with the tax liability being settled in the year in which it arises. The company can claim tax-allowable depreciation on a 25% reducing balance basis on the initial investment cost, adjusted in the final year of operation for a balancing allowance or charge. Hebac Co currently has a nominal after-tax weighted average cost of capital (WACC) of 12% and a real after-tax WACC of 8·5%. The company uses its current WACC as the discount rate for all investment projects.
Required:
(a) Calculate the net present value of the investment project in nominal terms and comment on its financial acceptability. (12 marks)
(b) Discuss how the capital asset pricing model can assist Hebac Co in making a better investment decision with respect to its new product launch. (8 marks)
