托业英语笔试部分测试题（四）
题目内容

资料题：What conclusion can be drawn from the passage?

2021-03-19

A.Richard Bove and Doug Elliott mustbe opponents in their real life.

B.The treasury officials had made a bigmistake to lift up the amount ofcapital banks are required to hold inreserve.

C.Banks will raise the loan price by 4%if they are required to raise theamount of capital reserves.

D.The economy recession is likely tolast for severalyears in thecountry.

参考资料

FACE-OFFKEEP IT IN THE BANKTreasury officials want to increase the amount of capital that banks are required to hold in reserve. Sounds like a good idea, but will it squeeze lending and actually slow the economic recovery? Here fllow the perspectives of two experts:RICHARD BOVE, (a famous bank analyst at Rochdale Securities): Yes. Capital reseves are higher than they've been since 1936. That wasn't the problem last year; it was that banks had to write down assets at disressed prices. The govenment is sending contradictory signals here, tlling banks to increase lending and increase capital atthe same time. You can't do both, so of course lending is going to tighten if you mandate higher capital reserves.DOUG ELIOTT,(a fllow at the Broklings lstition): No. My researh shows that if the minimum equity capital requirements were raised by 4 percent, the prices of a loan might go up only 0.2 percent. That's negligble compared with the stabilty benefits of btter-aptalized banks. The cost of capital is usually only a fifth of the total cost of a loan, and banks have several levers to pull besides loan price to deal with the need for more capital.OUR VERDICT: The smart way to do this is to link the amount of capital banks have to hold in reserve to the amount of risk they take. The riskier they are, the more capital they need. Changes likely won't take place until 2011, so banks will have plenty time to prepare.
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