One reason why universal Banks are able to borrow more cheaply than standalone investment Banks is cross-subsidization, which raises two worries.
全能银行之所以能比单独的投资银行以更低的成本借钱的一个原因就是交叉补助,这会产生两个令人担心的后果。
Like universities, newspapers relied on financial cross-subsidization to stay afloat, using fat profits from local advertising and classifieds to prop up money-losing news bureaus.
和大学一样,报纸仰赖财政交叉补贴才得以经营,用当地广告和分类广告的丰厚收入来弥补亏损的新闻部门。
China is now imposing a low-and single-price system for its domestic electricity supplies with intensive cross subsidization.
我国目前实行的是单一制低电价,存在着严重的交叉补贴。
China is now imposing a low-and single-price system for its domestic electricity supplies with intensive cross subsidization.
我国目前实行的是单一制低电价,存在着严重的交叉补贴。
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