时间:2019-01-30 作者:英语课 分类:健康与经济


英语课

ECONOMICS 1 REPORT - New Law Changes U.S. Checking System
By Mario Ritter


Broadcast: Friday, August 27, 2004


This is Gwen Outen with the VOA Special English Economics Report.


A change in the United 2 States banking 3 system will affect how thousands of millions of dollars in payments 5 are processed. The new law is known 6 as Check Twenty-one. It takes effect in October.


A check is a written order to a bank to pay an amount of money. People or businesses keep money in a bank. They write paper checks to spend that money.


The Check Twenty-one law changes the way checks are processed. Today, people write checks and send them as payment 4. Then they have the right to have their checks returned to them from the bank for record keeping. After October, they will no longer have that right. Banks will keep only electronic 7 images of the checks.


Americans will be able to ask for electronic copies of their checks so they can dispute 8 mistakes. But there is a limit to how much money they can receive if a mistake has been made. Also, no rules limit how much the electronic copies can cost.


In another big change, checks will be approved for payment sooner. This will end what is called the "float." This is the average time between when a check is written and when it is paid. A check floats for several days as it is transported from bank to bank to be approved for payment. Every day, thousands of millions of dollars float through the system uncollected for payments.


With the new law, most checks will be approved in less than one day. However, although checks will be approved sooner, banks will not be required to provide payments sooner.


Americans write more checks than people in any other nation. They also use electronic money exchanges more than anyone else.


The International Business Machines company makes equipment that processes payments. It says that processing one paper check costs from seven to fifteen cents. In the year two thousand, Americans wrote about forty-three thousand million checks. Banks spend thousands of millions of dollars processing checks. But Americans are writing fewer checks each year. IBM says this creates cost pressures on banks.


The new law does not necessarily 9 reduce costs for all banks. Banks that do not have the technology to electronically 10 process checks may have to seek the help of other banks. Or they may have to end their checking services.


This VOA Special English Economics Report was written by Mario Ritter. This is Gwen Outen.



n.经济学,经济情况
  • He is studying economics,which subject is very important.他正在学习经济学,该学科是很重要的。
  • One can't separate politics from economics.不能把政治与经济割裂开来。
adj.和谐的;团结的;联合的,统一的
  • The whole nation is closely united.全国人民紧密团结。
  • The two men were united by community of interests.共同的利益使两个人结合在一起。
n.银行业,银行学,金融业
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
n.付款,支付,偿还,偿还,报应
  • I gave ten pounds in payment for the goods I bought.我买那些东西付了10英镑。
  • This last payment will wipe out your debt to me.这最后一笔付款将了结你欠我的债务。
n.支付,付款,缴纳,报酬( payment的名词复数 );付出的[要付出的]款项;报答,报偿
  • Welfare payments cease as soon as an individual starts a job. 一旦就业,即停发福利救济。
  • The law can compel fathers to make regular payments for their children. 这项法律可强制父亲定期支付子女的费用。
adj.大家知道的;知名的,已知的
  • He is a known artist.他是一个知名的艺术家。
  • He is known both as a painter and as a statesman.他是知名的画家及政治家。
adj.电子的;n.[-s]电子学,电子设备
  • It is an electronic device with many uses.这是一部具有多种用途的电子仪器。
  • Father needs a new electronic shaver.爸爸需要一个新的电子剃须刀。
n.争端,分歧;v.争论,争吵,辩论,辩驳
  • They are trying to find a way of settling the dispute.他们正设法寻找解决争端的办法。
  • The parties to the dispute should be more polite to each other.争执双方应相互礼貌些。
adv.必要地,必需地;必定地,必然地
  • More work does not necessarily call for more men.增加工作量不一定就要增添人员。
  • A voter must necessarily be no younger than eighteen.选民必须在18岁以上。
adv.电子地
  • The information is electronically transmitted to schools and colleges… 信息通过电子方式传送到各所学校和学院。 来自辞典例句
  • All transactions, from banking to shopping, will be performed electronically. 所有的活动,从跑银行到买东西,都可通过电脑来完成。 来自辞典例句
学英语单词
4-Salicyloylmorpholine
a type right-of-way
acetyldigoxin
aethetic zoning
aluminum nitride
Amospan
angulus posterior pyramidis
antinociceptives
ateliosis
atom size
bagnio
bald cypresses
bald wheat
balloon fish
belaces
bendini
bhaktas
bioautography
bonxies
buttonlike
carleo
carved lacquer necklace
catheys val.
circulating pledge
cluster of engines
colour correction mask
compass platform
conceptual data
constant staticizer
corn islands
coronal helmet
direct condenser
double butt strap
double open end wrench black finished
electric power distribution panal
elks
exchange equipment
famulating
farandinical
fast-breeder reactor
Federal Reserve Systems
feet-on-the-ground
femas
fish-eating rat
flyhalf
folkeskoles
ghirardini
goes off with
hare's-foot
insulated boundary
Kanapoi
Kool-Aid
lambertianin
loop-locked
made himself at home
Marianologist
methyl silicone resins
microcampylopus laevigatum
moment of forces tending to capasize
negative scotoma
nephron(e)
non synchronized network
output and input
painstakenly
paleo-indians
papodums
paste food
ploughtail
polytetrafluoroethylene fibre reinforcement
prairie mallow
prescription drug advertising
pulsating energy
quadricellular
quiffed
refluxive
removing fire in the lung and resolving phlegm
sa-ree
saboor
schilz
scrimpiness
series statement
skinnis
SNQ
sorted ore
spinibulbar
stablish
suspension rod
tally shop
tap bill
tertiary plants
tetracyclic coordinate
tide-riding water level
troodont
Ungcheon
velocity derived by differential
wallowish
waste
Wehrbleck
wood former
working space register
working with command bars