South Korea’s current account deficit (赤字) reached all-time high of ＄8.82 billion in 1995, nearly double that of the previous year, partly because of an increase in imports, the Bank of Korea said on Thursday.
In 1995, exports rose 30 percent from the previous year, to ＄125 billion, on an increase in overseas sales of heavy industrial, technology and chemical products.
Semiconductor (半导体) exports in 1995 rose 70 percent from 1944, to ＄22.1 billion, and automotive exports rose by 57.5 percent, to ＄9.1 billion. Exports of light industrial products rose only 14 percent during the same period.
But imports went up 32 percent, to ＄135.1 billion, mainly because of an increase in the purchases of capital goods (生产资料), raw materials and consumer goods.
Imports of machines and other capital goods rose 32 percent as South Korean corporations expanded capacity. Imports of raw materials went up 33 percent because of an increase in oil imports.
South Korea’s current account deficit (赤字) reached all-time high of ＄8.82 billion in 1995, nearly double that of the previous year, partly because of an increase in imports, the Bank of Korea said on Thursday.
In 1995, exports rose 30 percent from the previous year, to ＄125 billion, on an increase in overseas sales of heavy industrial, technology and chemical products.
Semiconductor (半导体) exports in 1995 rose 70 percent from 1944, to ＄22.1 billion, and automotive exports rose by 57.5 percent, to ＄9.1 billion. Exports of light industrial products rose only 14 percent during the same period.
But imports went up 32 percent, to ＄135.1 billion, mainly because of an increase in the purchases of capital goods (生产资料), raw materials and consumer goods.
Imports of machines and other capital goods rose 32 percent as South Korean corporations expanded capacity. Imports of raw materials went up 33 percent because of an increase in oil imports.
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
A. by
B. on
C. with
D. for
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