Section Two (5%)
: ^4 a) A! I% u5 m2 b9 x6 w2 Z& n Directions: Translate the following sentences into Chinese. Write your * {1 a6 x$ g2 X h+ T+ L
translation on the blank space. ) a, A4 k7 v$ B: E/ I
1. Asymmetric information is present in loan markets because lenders have less information about the investment opportunities and activities of borrowers than borrowers do. This situation leads to two information-producing activities by banks and other financial institutions, screening and monitoring. Indeed, Walter Wriston, a former head of Citicorp, the largest bank corporation in the United States, was often quoted as stating that the business of banking is the production of information. |
发表于 2012-8-16 08:05:44
