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题型:阅读理解-阅读单选 难度:0.15 引用次数:637 题号:11132398

When a company takes on the task of providing financial services to people overlooked by large banks, that would seem to be a good thing: Such customers need bank accounts, debit cards, and credit just like everyone else. In 2016, nearly 10 million American households didn't have any interaction with a bank, and nearly 25 million households had bank accounts but used alternative financing options (such as prepaid debit cards, alternative credit cards, or payday loans) to make ends meet.

One would hope that financial offers geared toward the under-banked—who often have low credit scores, histories of financial instability, and limited education—would include modest interest rates, easily decipherable (简单易懂的) language, and enough oversight (监管) to ensure that already-struggling families don't get taken advantage of. But that is often not the case. For examples, payday lenders frequently charge astronomically high interest rates for those who are unable to quickly pay off their debts, and prepaid-card companies often include additional fees that owners of standard debit cards don't have to deal with, such as charges for simply loading money onto their cards.

These practices can leave people, who are already struggling to get their finances in order, in even worse shape than they were when they signed up for a new product. The problem isn't that companies targeting the under-banked exist at all, but that many exploit a lack of financial knowledge and alternative options to extract excess money from their customers.

Credit-card issuers that target those with poor credit scores are another group with questionable practices, according to a recent report from the Consumer Financial Protection Bureau. In its research, the CFPB found that the costs of cards issued by these companies are significantly higher than the costs of cards issued by more traditional competitors. These specialized lenders are much more likely to approve not just subprime individuals (次级贷款人), but the deepest subprime individuals-those with credit scores that fall below 600.

Why isn't a higher approval rate for those with very bad credit a good thing? Isn't that more inclusive? Not always. Some credit-card companies' business models depend on charging their customers high fees — people who are unlikely to be able to afford them. These increased fees are for things that are inescapable, such as monthly account maintenance. (Major credit-card companies, on the other hand, are making most of their money from collecting late payments and interest, not recurring fees.) Customers of these subprime companies don't need to do anything unusual to rack up fees-that's just a part of signing up.

But perhaps worse than the high costs of the cards is the way that these companies recruit customers. They target them by mailing pre-approved offers that contain intentionally opaque, high-level financial language and agreements that are, on average 70 percent longer than card agreements from other lenders, according to the CFPB.

“Despite offering longer and more complex credit-card terms than mass market issuers, they send those mailings disproportionately to consumers with lower levels of formal education,” the CFPB report found. “Specifically, agreements for credit-card products marketed primarily by subprime specialist issuers are particularly difficult to read.” According to the report, making sense of these statements would typically require at least two years of college or post-high-school education. Less than half of the people targeted by these lenders have any college education, and the number of such households sent direct mail by these lenders doubled between 2016 and 2018.

1. The examples cited in paragraph 2 are intended to show that ______________.
A.payday loans are no better product than prepaid debit cards
B.American large banks often ignore the already-struggling families
C.financial company should provide high-quality service to poor families
D.poor American households are exploited by the financial companies
2. According to the third paragraph, the under-banked may be subjected to __________.
A.a lack of update for economic information
B.a greater personal financial loss
C.the sign-up of a new financial product
D.the exploitation of alternative choices
3. According to paragraph 6, the author believes the companies' promoting behavior is _______________.
A.useful for its professional content
B.convincing for its pre-approved format
C.misleading for its vague instruction
D.objective for its high-level financial language
4. Which of the following can be inferred from the last paragraph?
A.Poorly educated consumers are welcomed by the financial company.
B.Complex credit-card terms are needed for the lender’s safety.
C.Credit card could be issued only to people with college education.
D.There might be a boom for financial company between 2012 and 2014.

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【推荐1】LONDON- Britain prepares for a vote Thursday that will decide whether it leaves the European Union. The debate has centered on immigration and economic security. Both sides have lowered the tone of their arguments after a three-day suspension(暂停) of campaigning that followed the murder of an anti-Brexit lawmaker, an incident that polls(民意调查) suggest has shocked many previously undecided voters who now say they will vote to remain.

These are uncertain times in a nation whose economy is the second largest in the European Union. The risks are huge. There are warnings that leaving the 28-member group may cause the British pound to lose 15 percent of its value and bring the resignation(辞职) of David Cameron, the country's prime minister; his stay or not depends on whether Britain listens to him and votes to remain.

For months, the Leave campaign has been hitting the streets. Its arguments are based largely on immigration, and the belief that Britain has handed control of its borders(边界) to a European super state: "The U.K. has lost control over migration. We have to accept anyone into this country if they have an EU passport, no matter if they have a criminal record or not. We are not allowed to say 'no' to people and that is damaging for the security of the U.K., but it is also putting pressure on jobs and opportunities for young people," said Tom Harwood, a Brexit campaigner.

The murder of Jo Cox, an anti-Brexit, pro-immigrant lawmaker by a far right extremist(极端分子) with a history of mental problems had a serious effect on both campaigns, and on voters.

Polls since the June 16th murder showed the Leave camp losing ground, but with both sides still very close on a referendum(全民投票) that many believe could change the course of European history.

1. What does the underlined word " Brexit" in paragraph 3 mean?
A.Break the law of the European Union.
B.Break away from the European Union.
C.Build the exit to the European Union.
D.Ban the immigration into Britain.
2. What is implied from the passage?
A.The immigration has caused great concern in Britain.
B.Brexit will be good for British economy.
C.Both camps have been campaigning and debating on the streets for months.
D.The murder of Jo Cox made many voters determined to vote for the exit.
3. Which of the following statement is true?
A.Britain will leave the European Union after the vote.
B.Anyone with a passport can choose to stay and work in Britain.
C.Whether Cameron will resign depends on the result of the referendum.
D.Jo Cox was murdered by a Brexit campaigner in June 16m.
4. What's the attitude of the report to the event of Brexit?
A.PositiveB.NegativeC.Indifferent(漠不关心的)D.Concerned.
2019-08-22更新 | 162次组卷
阅读理解-阅读单选(约360词) | 困难 (0.15)
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【推荐2】We human beings need to stay in touch with nature-many studies show how much better people feel when in sight of trees. Yet even more importantly,nature itself needs us to stay in touch. Many politicians and scientists have told us that we can "conquer" nature,but in reality nature will always be beyond our control---we do have the power to destroy it. The fate of all the animals and their habitats depends largely on our attitude towards them. Whether or not we ourselves survive depends on how well we look after the rest. For our sake as well as theirs,we need to consider it seriously.

But how can we care at all if we spend our lives indoors?Born in South London at the end of the Second World War,at least I knew what a sparrow was(they're rare now)and you couldn't put a spade into our tiny garden without cutting a worm in half. We knew,too,that milk comes from cows and that old men can grow amazing carrots on poor land. Ultra-urban(极度城市化)as we may have been,at least we were in touch.

"Now we have a generation who frankly are not in touch. So how can they care if the countryside is sold off to the highest bidders,and used to park helicopters,and our crops come free from Monsanto and our livestock live in factories?They will know no other way.

But if we settle for the ultra-urban life,if we allow all wilderness to be compromised and hand our farming over to industrial chemists then,quite simply,the world will fall apart--as it has been doing already. We have to rethink what agriculture is really for,and why conservation matters to us,as well as to other creatures. Changes of strategies begin with attitude and attitude begins with awareness.

1. Which of the following opinions will the author be for?
A.Technology will help humans control nature completely.
B.Conquering nature is the policy of human society.
C.Humans have to find a way to live in harmony with nature.
D.We will lose control of nature with the development of society.
2. The second paragraph is intended to tell us that city people in the past_____.
A.were in close touch with nature
B.managed to survive in the war
C.killed the worms in the earth cruelly
D.had a healthier diet than us
3. The new generation show no concern about the ultra-urban pattern just because _______
A.modern agriculture doesn't need hard work
B.high profits can be made by selling city land
C.they are cut off from nature
D.livestock living in factories are tastier
4. From the passage we can guess that Monsanto is likely to be____________
A.a chemical fertilizer plant
B.a scientist good at farming
C.a construction corporation
D.a big agricultural company
5. Towards the end of the passage,the author reminds us to_____________
A.move to the countryside
B.reflect on our past behaviors
C.leave space for wild animals
D.turn farms into big factories
2019-06-04更新 | 691次组卷
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【推荐3】It is fashionable to say that tech firms will conquer the financial services industry. Yet in the case of Apple, it seems that the opposite is happening and finance is taking over tech by stealth(悄然). Since the death of Steve Jobs, its co-founder, in 2011, the world’s biggest firm by market value has sold hundreds of millions of phones with bionic chips (仿生芯片)and know-it-all digital assistants. But it has also grown a financial operation that is already, on some measures, roughly half the size of Goldman Sachs.

Apple does not organize its financial activities into one subsidiary, but Schumpeter has lumped them together. The result—call it “Apple Capital”—has $262bn of assets, $108bn of debt, and has traded $1.6trn of securities since 2011. It appears to be run fairly cautiously and is part of a thriving firm, but it still deserves scrutiny. Companies have a history of being hurt by their financial arms; think General Electric (GE) or General Motors (GM).

Apple Capital has lots of responsibilities but three stand out. It invests the firm’s mountain of surplus profits, mainly in “highly rated” instruments (this task seems to fall to Braeburn Capital, a subsidiary in Nevada, which uses some external fund managers). Apple Capital also uses derivatives (衍生品)in order to protect the firm against currency and interest-rate gyrations. And it manages America’s fifth-biggest corporate-debt pile by issuing Apple bonds as part of an elaborate strategy to limit tax bills.

Apple Capital has become important to its parent. Since Jobs died, its assets have risen by 221%, twice as fast as the company’s sales, reflecting Apple’s huge build-up of profits. Its investments are worth 32% of Apple’s market value, and its profits (investment income, plus gains on derivatives, less interest costs) have been 7% of Apple’s pre-tax profits so far this year. It is also sizeable compared with other financial firms. Consider four measures: assets, debt, credit exposure and profits. Depending on the yardstick, Apple Capital is 30-85% as big as Goldman Sachs. It is 22-42% as large as GE Capital was at its peak in 2007, just before things went down the tubes during the subprime crisis.

Apple Capital is different from these firms in important ways. It does not take deposits and has much lower leverage. In their prime Goldman and GE Capital were run by hard-charging financiers, and made lots of loans. By contrast, Apple Capital does not make loans, and is not meant to be a profit centre in its own right.

Apple’s core business is so profitable that it is—almost—incredible that a blow-up at Apple Capital could lead to it needing taxpayer or central-bank support, as was the case for GM and GE. Still, it is easy to imagine how Apple Capital could hurt its parent. A market shock could lead to losses on its portfolios. A two-percentage-point rise in interest rates would result in a loss of $10bn. If bond markets dried up, Apple might struggle to issue so much debt and have to bring home funds, incurring a big tax bill. It might also become tricky to run such a big derivatives portfolio.

According to a former manager who left in 2012, Apple’s financial gurus were careful because “nobody wanted that 3am call from Steve Jobs”. But Jobs isn’t there any more. In any case, a fear of rebuke is not enough. If the tax laws change Tim Cook, Apple’s boss should wind down the structure that the firm has created. Tech firms should seek to disrupt finance, not be seduced by it.

1. Which of the following is Not the responsibility of the "Apple Capital"?
A.using its surplus profits to re-invest.
B.providing related financial derivatives.
C.issuing bonds to avoid high tax.
D.exploring new electronic products.
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A.paragraph 3B.paragraph 4
C.paragraph 5D.paragraph 6
3. What can be concluded according to the last two paragraphs?
A.Apple 's development should be in line with GM and GE.
B.The change of interest rates makes great different to Apple.
C.Apple's home funds can compensate for its loss in bond markets.
D.Tech firms should be attached to finance.
4. The passage is mainly developed by the followings except _________.
A.making comparisonsB.provide data
C.following the order of importanceD.giving examples
2018-05-11更新 | 318次组卷
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