金融英语证书考试
金融英语证书考试（F E C T）E x e r c i s e s-1（1）
of the following is not a function of money？______。?
act as a medium of exchange
act as a unit of account
act as a store of value
provide a double coincidence of wants
act as a means of payment
price in the foreign exchange market is called ______。
trade surplus
exchange rate
money price
currency rate
risk refers to the risk of______。
prices fluctuations
payments
of the following is not among the generally accepted accounting principles？______。
basis
concern
measurement。
is a documentary letter of credit？______。
conditional bank undertaking to pay an exporter on production of stipulated documentation
method of lending against documentary security
international trade settlement system biased in favour of importers
of the above
a group of assets reduces risk as long as the assets ______。
perfectly correlated
completely independent
not have precisely the same pattern of returns
a correlation coefficient greater than one
amount，payable in money goods，or service，owed by a business to a creditor，is known as a/an 。
function is money serving when you buy a ticket to a movie？______。
of value
medium of exchange
demand
unit of account
foreigners expect that the future price of sterling will be lower，the ______。
of sterling will increase，demand for sterling will fall，and the
exchange rate will fall
of sterling will increase，demand for sterling will rise，and the
exchange rate may or may not increase
of sterling will fall，demand for sterling will increase，and the exchange rate will rise
of sterling will fall，demand for sterling will fall，and the exchange rate may or may not fall
documentary collection provides the seller with a greater degree of protection than shipping on ______。
account
's letter of guarantee
's draft
credit
of the following statements is not true of central banks？______。
pay the government's salaries
always undertake the regulation of the banking system
are always the lender of last resort
of the above
GBP/USD rate goes from to ，we say the dollar ______。
by %
by %
by %
by %
to diversification principle in investment，suppose you invest Stock X and Stock Y with equal funds，which of the following is not true？______。
X and Y are totally independent with each other，the risk of the portfolio is reduced
X and Y are perfectly negatively correlated，the risk of the portfolio is perfectly offset
X and Y are perfectly positively correlated，the risk of the portfolio is neither reduced nor increased X and Y are perfectly negatively correlated，the risk of the portfolio is neither reduced nor increased are four main methods of securing payment in international trade：
（1）payment under documentary credit
（2）open account
（3）collection，that is document against payment or acceptance of a bill of exchange
（4）payment in advance
From an exporter's point of view，the order of preference is ______。
A.（4），（2），（3），（1）
B.（4），（1），（3），（2）
C.（4），（3），（1），（2）
D.（2），（4），（1），（3）
main liability on a bank balance sheet is ______。
and reserves
and overdrafts
shows that net income for a specified period of time and how it was calculated。
income statement
capital statement
accounting statement
statement of financial condition
must the liabilities and assets of a bank be actively managed？______。
assets and liabilities are not evenly matched on the same time scale
assets and liabilities are evenly matched
the interbank market uses LIBOR
assets and liabilities can be underwritten
the expected returns of two risky assets have a perfect negative correlation，then risk 。
increased
to zero
unaffected
reduced by one-half
possible disadvantage of freely fluctuating exchange rates with no official intervention is that 。
nations would experience continual deficits
exchange rates may experience wide and frequent fluctuations
would no longer be able to undertake domestic policies designed to achieve and maintain full employment
would need a larger supply of international reserves than otherwise
are your GBP/USD position and the average rate if you sell ￡4m at buy ￡5m at and sell $5m
at ？
￡2 058 long $3 370 000 at
￡5 941 short $9710 000 at
￡5 941 long $9 710 000 at
￡4 058 short $6 630 000 at
correlation coefficient of + means two stocks are ______。
negatively correlated
the market beta
to the market beta
positively correlated
percentage analysis of increases and decreases in corresponding items in comparative financial statements is called ______。
analysis
analysis
analysis
analysis
is the name of the document which can make a buyer feel confident that goods are of a certain standard？______。
certificate
invoice
policy
of origin
financial intermediaries by "borrowing short and lending long" find themselves in difficult financial situations because 。
rates are falling
rates are rising
increase too rapidly
rates rise relative to rates of their holdings
rates rise more sharply than short-term rates
were written ______。
the International Chamber of Commerce
the United Nations Convention for the International Sale of Goods （Vienna Convention ）
the Kyoto Protocols as adopted in 2000
purpose of keeping account is to 。
whether the business has made a profit or a loss
out why the business has lost money
how much has been spent
out why the business cannot fulfil its commitments
reserves are 20 percent，then the multiplier effect will be ______ times，so the original deposit of RMB40 000 can create up to ______ of new deposits。
……RMB200000
……RMB120000
……RMB80000
……RMB20000
Company is the beneficiary of a confirmed irrevocable letter of bank （s ）will assure the company that it will be paid。
tender includes 。
and coins
only
only
，coins and checks
following are the basic functions of a bill of lading except to act as ______。
receipt for the goods from the shipping company to the exporter
document of title for goods being shipped overseas
certificate of origin，which certifies that the goods were produced in a particular country
of the carriage contract between the exporter and the carrier
foreign trade deficits under a flexible exchange rate system usually lead to ______。
in the domestic economy
of future devaluation
interest rates
imports
additional amount paid in buying or selling a currency at a given future date is called 。
manage their assets considering ______。
optimum combination of the above
is the function of the book-keeping system in bank accounting？______。
prove that all the day's transactions have gone through for the right amount
prove that all the day's transactions have all been posted to the right account
prove that the fresh balance of those accounts is correct after recording the transactions
of the above
risk that is specific to individual stocks is called ______。
risk
risk
risk
risk
main objective of the Exchange Equalization Account is to ______。
undue fluctuation in the exchange value of one country's own currency against other currencies
the rate of inflation
that notes and coins continue to be acceptable as a medium of exchange
the exchange of payments between banks
can you prove that no transactions are missing or wrong at the end of the day？______。
is no other way than have these transactions reposted to the proper entries
can examine all the transactions carefully and find the wrong records
can balance the total debits and the total credits by calculating them again
can do that by checking the total debits and the total credits to see whether they are in state of balance _____。
as the critical function of a medium of exchange
trade in goods and services
the inefficiencies of barter
of the above
dealers buy currency forward but do not sell forward at the same time，their position is known as 。
?
if clearly incorporated into the contract of sale
International shipments beyond a certain tonnage
international shipments under the Uniform Commercial Code
all international shipments of goods
which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract？______。
of goods priced in a foreign currency
of goods priced in RMB
of goods priced in RMB
of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract address ______。
risks of loss between the parties
of contract
rights
of ship used
of the following is or was an example of representative full-bodied money？______。
money
account
certificate
deposit
associated with investing in foreign countries are the following except ______。
risk
rate risk
risk
risk
exporter sells goods to a customer abroad on FOB and on CIF is responsible for the freight charges in each？______。
；Exporter
；Importer
；Importer
；Exporter
risk refers to the possibility that a borrower may ______。
unable to repay the principal on his loan
unable to make the interest payments on his loan
bankrupt of the above
is the reserve requirement？______。
requirement of a bank to deposit a percentage of money
requirement for deposits in cash
percentage of a bank's deposits in the form of cash reserves
requirement for cash reserves
draft is like a check that can be endorsed but it isn't a title to goods，like ______。
bill of lading
inspection certificate
certificate of origin
insurance certificate
______。
a general economic term for buying something where it is cheap and selling it where it is dear
exchange rates consistent across markets
been outlawed by the International Monetary Fund
occur where there is a forward exchange market
A and B
is the purpose of comparing the ledger entries with the documents？______。
prove that all the transactions have made for the right amounts
prove that all the accounts have been posted correctly
check the number of all the debits and credits
post the right is Dollar Cost Averaging？______。
brokerage account that gives investors cheap trades
idea that prices tend to rise over the long term
stocks that are below average in value
flat quarterly mutual fund fee averaged throughout the year
strategy of investing money on a regular basis to take advantage of market fluctuations
a Chinese bank's point of view，the currency account which it maintains abroad is known as______，while a RMB account operated in China for a foreign bank is termed ______。
vostro account…… a nostro account
vostro account…a mirror account
mirror account…a nostro account
nostro account…… a vostro account
FOB terms the bill of lading would state goods ______。
on board，freight payable at destination
on board，freight paid
for shipment，freight paid
for shipment，freight payable at destination
liabilities of the bank as shown in its balance sheet represent the ______ which it uses in its business。
of the funds
capital
to customers
payments and other messages are often sent through an international computer network called ______。
levels of uncertainty （risk）are associated with 。
options
potential returns
potential returns
securities would appear on a commercial bank's balance sheet as ______。
asset
of net worth
liability
major problem with a fixed exchange rate system is that when countries run foreign trade deficits，
______。
is no self-correcting mechanism
values become unstable
value of the reserve currency declines
inflation increases
a particular economy banks are required to keep 25 percent of all deposits in the form of reserves；this gives a credit-creation multiplier of ______。
of the money supply and financial markets is referred to as ______。
policy
policy
policy
policy a country runs a foreign trade deficit under a flexible foreign exchange rate system，its 。
automatically increase
automatically depreciates
automatically decline
automatically appreciates
of the following statements is not true of accounting？______。
is language of business
user of accounting includes business，government，nonprofit organizations and individuals。
is useful for decision making
is an end rather than a means to an end
term foreign exchange is best defined by the following statement：it is ______。
rate of exchange between two currencies
with currency exchange
place in which foreign currencies are exchanged
instrument such as paper currency，note，and check used to make payments between countries
is Asset Allocation？______。
assets of different types，risks，and potential returns
assets with more than one brokerage account
ability to buy mutual funds
stocks for the long term
users of financial accounting information include all of the following except 。
managers
public
is short for 。
Asset Pricing Model
Added Price Matrix
Asset Pricing Matrix
and Price Model
measures the ______。
of an asset
with which an asset can be exchanged
of an asset
and monetary reliability of an asset compared with other assets
a letter of credit transaction，the bank pays the seller against ______ which agree（s）with______。
……the credit
……the contract
……the contract
……the buyer barter economy is one that does not possess _______。?
wealth currency
medium of exchange
of the following is not true of airway bill？______。
goods are delivered to the airline，the airway bill is signed by them or their agents as a receipt of the goods
bill is a document of title to the goods
bill may also provide evidence of despatch of the goods where it has been stamped indicating details of the relevant flight
of the above
value of money varies _____。
with the unemployment rate
with the price level
with the unemployment
with the price level
economics news on the television reports that the dollar has strengthened relative to the Japanese means that ______。
dollar has depreciated relative to the yen
dollar can now purchase more yen
yen can now purchase more dollars
US trade balance with the Japanese economy has improved
theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______。
feedback theory
feedback theory
power parity theory
theory
to the optimal portfolio theory，where should portfolios lie？______。
the efficient frontier
the efficient frontier
the efficient frontier
，as long as the portfolio is diversified
of the following is not a user of management accounting information？______。
manager
on the scenarios below，what is the expected return for a portfolio with the following return profile？______。
Market Condition
%
%
%
%
Use the following expectations on Stocks X and Y to answer questions 17 through 19 （round to the nearest percent）。
markets serve to channel funds from ______。
government to contractors
to consumers
to producers
to investors
agreements that were reached at the Bretton Woods conference in 1944 established a system 。
essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency
floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations
prohibited governments from intervening in the foreign exchange markets
which the values of currencies were fixed in terms of a specific number of ounces of gold，which in turn determined their values in international trading
of the following statements is not consistent with generally accepted accounting principles relating to asset valuation？。
are originally recorded in accounting records at their cost to the business entity
prefer to base the valuation of assets upon objective，verifiable evidence rather than upon appraisals or personal opinion
assume that assets such as office supplies，land and buildings will be used in business operations rather than sold at current market prices
total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions
fiscal expansion in the UK ______ the pound sterling。
to appreciate
to depreciate
not affect the price of
no predictable effect on the price of
are the expected returns for Stocks X and Y respectively？______。
% and 10%
% and 12%
% and 11%
% and 5% of the following payment terms eliminates the exchange risk，assuming the exporter invoices in foreign currency？______。?
irrevocable documentary credit
account
collection D/A
of the above
the viewpoint of a short-term creditor，this transaction makes the business less solvent
liabilities increased by $7 000
assets increased by $12 000
transaction had no immediate effect on the owner's equity in the business
of the following terms of payment will entirely eliminate country risk？______。
documentary credits
Irrevocable documentary credits
collection D/P
collection D/A
expiry date of a documentary credit is Sunday，24 February，and documents have to be A presented to of the following is an acceptable presentation？（Assume there is no latest stated date for shipment stipulated.）______。
to you on Monday 25 February with the bill of lading dated 25 February
on Monday 25 February with the bill of lading dated Sunday 24 February
on Tuesday 26 February with the bill of lading dated Sunday 24 February
on Friday 22 February with the bill of lading dated Sunday 29 January
are the standard deviations of returns on Stocks X and Y respectively？______。
% and 26%
% and 13%
% and 4%
% and 8%
makes the first presentation of documents under a transferable credit？______。
beneficiary
beneficiary
of the above
transaction caused a $10 000 decrease in both total assets and total transaction could have been
______。
of a $ 10 000 bank loan
asset with a cost of $10000 was destroyed by fire
of a delivery truck for $10 000 cash
of a $10 000 account receivable
ceases to serve as an effective store of value when ______。
government runs large deficits
unemployment rate is very high
in the economy declines
inflation occurs
indication that the money supply is greater than the desirable amount would be 。
spending and excessive saving
spending and rising unemployment
wages and prices
a nation's interest rates are relatively low compared to those of other countries，then the exchange value of its currency will tend to ______ under a system of exchange rates。
……floating
……floating
……fixed
……fixed
of the following is true of a company's balance sheet？______。
displays sources and uses of cash for the period
is unnecessary if both an income statement and a statement of cash flows are available
is a separate representation of the company's revenue and expense transactions for the year
is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity
Americans or foreigners expect the return on dollar deposits to be high relative to the return on foreign deposits，there is a ______ demand for dollar deposits and a correspondingly ______ demand for foreign deposits。
……higher
……higher
……lower
……lower
is the ______。
of GNP
at which checking accounts are converted into cash
between the price level and the money supply
at which money turns over
that of your $10 000 portfolio，you invest $9 000 in Stock X and $1 000 in Stock is the expected return on your portfolio？______。
% % % %
of the following would you expect to find in a correctly prepared income statement？。
balance at the end of the period
incurred during the period to earn revenues
by the owner during the period
reported company's financial position at a specific date
concept of beta is most closely associated with ______。
coefficient
capital asset pricing model
risk
analysis
velocity of money for a given year can be calculated by ______。
GNP by the money supply
aggregate supply by aggregate demand
the price level by the money supply
the price level by total output
theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______。
price levels of the two countries
current account balances of the two countries
fiscal policies of the two countries
trade balances of the two countries
issuing a credit，it is important for the issuing bank ______。
make certain of the importer's creditworthiness
go through the contract terms
have a thorough understanding of the exporter
of the above
国际金融与结算期末试卷(英文)
湖南涉外经济学院2015—2016学年度第一学期 《国际金融与结算》课程考核试题册 学院：外国语学院专业年级：2012级商英本科 考核方式：闭卷考试时量：100分钟试卷类型： A I. Multiple choices: Choose the best answer to each question, and write your answers on your answer sheet.（本大题共20小题，每小题1分，共20分） 1. A credit item in the balance of payments is . A.an item for which the country must be paid B.an item for which the country must pay C.any imported item D.an item that creates a monetary claim owned to a foreigner. 2. In a exchange rate system there is no intervention by the government or central bankers. A.fixed B. pegged C. floating D. managed float 3. The price in the foreign exchange market is called . A.the trade surplus B. the money price C. the exchange rate D. the currency rate 4. If Canadian speculators believed the Swiss franc was going to appreciate against the U.S. dollar, they would . A. puchase Canadian dollars B. purchase U.S. dollars C. purchase Swiss francs D. sell Swiss francs 5. Under a system of floating exchange rates, the Swiss franc would depreciate in value if which of the following occurs? A. price inflation in France B. an increase in U.S. real income C. a decrease in the Swiss money supply D. falling interest rates in Switzerland 6. is an example of foreign direct investment. A. Exporting to a country B. Establishing licensing arrangement in a country C. Purchasing existing companies in a country D. Investing directly (without brokers)in foreign stocks 7. The payment of a dividend by an American company to a foreign stockholder represents . A. a debit in the US capital account B. a credit in the US capital account C. a credit in the US current account D. a debit in the US current account 8. If American exports to Japan increase and American imports from Japan decreases, then, under a floating exchange rate system, we would expect the dollar to . A. weaken against the Japanese yen B. depreciate against the Japanese yen C. devalue against the Japanese yen D. appreciate against the Japanese yen 9. The term foreign exchange is best defined by the following statement; it is . A. the rate of exchange between two currencies B. an instrument such as paper currency, note, and check used to make payments between countries C. the place in which foreign currencies are exchanged D. synonymous with currency exchange 10. Which of the following is likely to exist when people are willing to pay more for dollars than the official rate? A. gray market B. black market C. gold market D. crawling peg market 11. Which of the following is NOT a way for a country to defend its fixed exchange rate? A. Engage in one-way speculative bubble B.Intervene in the foreign exchange market by buying or selling foreign currency. C.Alter domestic interest rates to influence short-term capital flows. D.Impose some form of exchange control to influence short-term capital flows. 12. If the price of British pounds in terms of US dollar is $1.80 per pound, then the price of US dollar in terms of British pounds is . A. 1.8￡ per dollar B. 0.555￡ per dollar C. 0.90￡ per dollar D. 3.6￡ per dollar 13. When a country’s currency appreciates, the country’s goods abroad become , and foreign goods in that country become . A. cheaper…more expensive B. more expensive…cheaper C. cheaper…cheaper D. more expensive…more expensive 14. Intervention in the foreign exchange market means the government . A. restricts individuals from buying and selling foreign exchange B. restricts the importation of certain goods C. or central bank buys or sells foreign exchange D. devalues the currency in the foreign-exchange market 15. A strong dollar encourages . A. travel to the United States by foreigners B. purchase of American goods by foreigners C. Americans to travel abroad D. Americans to save dollars. 16. In an exchange rate, the first currency is referred to as and the second as . A. the base currency…the quote currency B. the quote currency…the base currency C. the base currency…the exchange currency D. the trade currency…the base currency 17. When the Japanese yen appreciates, then we might expect (everything else equal) that imports in Japan will and exports will . A. rise…fall B. rise…rise C. fall…fall D. fall…rise 18. While trading in foreign exchange takes place worldwide, the major currency trading centers are located in .
金融英语证书考试
金融英语证书考试（F E C T）E x e r c i s e s-1（1） of the following is not a function of money？______。? act as a medium of exchange act as a unit of account act as a store of value provide a double coincidence of wants act as a means of payment price in the foreign exchange market is called ______。 trade surplus exchange rate money price currency rate risk refers to the risk of______。 prices fluctuations payments of the following is not among the generally accepted accounting principles？______。 basis concern measurement。 is a documentary letter of credit？______。 conditional bank undertaking to pay an exporter on production of stipulated documentation method of lending against documentary security international trade settlement system biased in favour of importers of the above a group of assets reduces risk as long as the assets ______。 perfectly correlated completely independent not have precisely the same pattern of returns a correlation coefficient greater than one amount，payable in money goods，or service，owed by a business to a creditor，is known as a/an 。 function is money serving when you buy a ticket to a movie？______。 of value medium of exchange
金融专业英语词汇表
金融专业英语词汇表 accelerated depreciation 加速折旧 acceptor 承兑人；受票人；接受人 accommodation paper 融通票据；担保借据 accounts payable 应付帐款 accounts receivable 应收帐款 accrual basis 应计制；权责发生制 accrued interest 应计利息 accredited investors 合资格投资者；受信投资人 指符合美国证券交易委员(sec)条例，可参与一般美国非公开(私募)发行的部份机构和高净值个人投资者 accredit value 自然增长值 ace 美国商品交易所 acid test ratio 酸性测验比率；速动比率 across the board 全面一致；全盘的 acting in concert 一致行动；合谋 active assets 活动资产；有收益资产 active capital 活动资本 actual market 现货市场 actuary 精算师；保险统计专家 adb 亚洲开发银行
adr 美国存股证；美国预托收据；美国存托凭证 ad valorem 从价；按值 affiliated company 关联公司；联营公司 after date 发票后，出票后 after-market 后市 agm 周年大会 agreement 协议；协定 all-or-none order 整批委托 allocation 分配；配置 allotment 配股 alpha (market alpha) 阿尔法；预期市场可得收益水平 alternative investment 另类投资 american commodities exchange 美国商品交易所 american depository receipt 美国存股证；美国预托收据；美国存托凭证 (简称“adr ”参见adr栏目) american depository share 美国存托股份 amercian stock exchange 美国证券交易所 american style option 美式期权 amex 美国证券交易所 amortizable intangibles 可摊销的无形资产 amortization 摊销
国际金融双语期末A卷
国际金融双语期末A卷--
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Part I: Multiple choice(1*30=30score) ( only one choice for each question) 1.Which of the following transactions is recorded in the financial account? A)Ford motor company builds a new plant in China B)A Chinese businessman imports Ford automobiles from the United States. C)A U.S. tourist spends money on a trip to China. D)The New York Yankees are paid $10 million by the Chinese to play an exhibition game in Beijing, China. 2.In the balance of payments, the statistical discrepancy or error term is used to: A)Ensure that the sum of all debits matches the sum of all credits. B)Ensure that imports equal the value of exports. C)Obtain an accurate account of a balance-of-payments deficit. D)Obtain an accurate account of a balance-of-payments surplus. 3. A deficit in the overall balance generally is an indication that: A)The country’s monetary authorities were selling foreign currency. B)The country’s moneta ry authorities were buying foreign currency. C)The country’s monetary authorities were buying domestic currency. D)The country’s monetary authorities were buying imported goods. 4. Suppose that a Korean television set that costs 600 won in Korea costs $400 in the United States. These prices suggest that the exchange rate between the won and the dollar is: A)1.5 won per dollar B)0.75 won per dollar C)$1.50 per won D)$3 per won 5. To the US, U.S. capital inflows will create a __________ foreign currency and a __________ U.S. dollars. A)Demand for; supply of B)Supply of; demand for C)Shortage of; demand for D)Supply of; shortage of 6. U.S. imports of goods and services will create a __________ foreign currency and a __________ U.S. dollars. A) Demand for; supply of B) Supply of; demand for C) Shortage of; demand for D) Supply of; shortage of 7.If the spot price of the euro is $1.10 per euro and the 30-day forward rate is $1.00 per euro, and you believe that the spot rate in 30 days will be $1.05 per euro, you can
会计专业英语模拟试题及答案
《会计专业英语》模拟试题及答案 一、单选题（每题1分，共20分） 1. Which of the following statements about accounting concepts or assumptions are correct? 1）The money measurement assumption is that items in accounts are initially measured at their historical cost. 2）In order to achieve comparability it may sometimes be necessary to override the prudence concept. 3）To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed. 4）To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010? $8 500 Dr $8 500 Cr $14 000 Dr $14 000 Cr Should dividends paid appear on the face of a company’s cash flow statement? Yes No Not sure Either Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping? Weighted Average cost First in first out (FIFO) Last in first out (LIFO) Unit cost 5. Which of following items may appear as non-current assets in a company’s the statement of financial position? (1) plant, equipment, and property (2) company car (3) €4000 cash (4) €1000 cheque A. (1), (3) B. (1), (2) C. (2), (3)
常见金融词汇大全
私募股权基金相关词汇（中英文） 1、EC (equity capital) 权益资本 2、VC (venture capital) 创业投资 3、CO (cash out) 增值套现 4、DF (development finance) 发展资本 5、MF (mezzanine finance) 夹层资本 6、IPO 首次公开发行股票 7、Infras-tructure 基本建设 8、MBO/LBO 管理成收购或杠杆收购management buy-out/buy-in 9、restructuring 重组 10、PEIP 合伙制投资基金 11、风险投资基金（venture capital fund,VCF） 12、增长型基金（growth-oriented fund） 13、收购基金（buyout fund） 14、回购（buy back） 15、优先购买股权（right of refusal） 16、共同购买权（right of co-sale） 17、反摊薄条款（anti-dilution，或是反稀释条款） 18、强制原有股东卖出股份的权利（drag-along right） 19、股票被回购的权利（redemption(put, call)option） 20、创始人股东、管理层和主要员工对投资商的承诺（founders, management and key employee commitment） 21、陈述和保证（representation and warranties） 常用金融词汇的翻译 [ 作者: 来源:中国英语学习网点击次数:675 发布时间:2007-7-23 12:00:02 ] acquiring company 收购公司 bad loan 呆帐 chart of cash flow 现金流量表 clearly-established ownership 产权清晰 debt to equity 债转股 diversity of equities 股权多元化 economy of scale 规模经济 emerging economies 新兴经济 exchange-rate regime 汇率机制 fund and financing 筹资融资 global financial architecture 全球金融体系 global integration, globality 全球一体化，全球化 go public 上市 growth spurt （经济的）急剧增长
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PartⅠ.Decide whether each of the following statements is true or false (10%)每题1分，答错不扣分 1. If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. ( T ) 2. The forward contract can hedge future receivables or payables in foreign currencies to insulate the firm against exchange rate risk. ( T ) 3. The primary objective of the multinational corporation is still the same primary objective of any firm, i.e., to maximize shareholder wealth. ( T ) 4. A low inflation rate tends to increase imports and decrease exports, thereby decreasing the current account deficit, other things equal. ( F ) 5. A capital account deficit reflects a net sale of the home currency in exchange for other currencies. This places up ward pressure on that home currency’s value. ( F ) 6. The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. ( T ) 7. Covered interest arbitrage is plausible when the forward premium reflect the interest rate differential between two countries specified by the interest rate parity formula. ( F ) 8．The total impact of transaction exposure is on the overall value of the firm. ( F ) 9. A put option is an option to sell-by the buyer of the option-a stated number of units of the underlying instrument at a specified price per unit during a specified period. ( T ) 10. Futures must be marked-to-market. Options are not. ( T ) PartⅡ:Cloze (20%)每题2分，答错不扣分 1. If inflation in a foreign country differs from inflation in the home country, the exchange rate will adjust to maintain equal( purchasing power ） 2. Speculators who expect a currency to ( appreciate ) could purchase currency futures contracts for that currency. 3. Covered interest arbitrage involves the short-term investment in a foreign currency that is covered by a ( forward contract ) to sell that currency when the investment matures. 4. （Appreciation/ Revalue ）of RMB reduces inflows since the foreign demand for our goods is reduced and foreign competition is increased. 5. ( PPP) suggests a relationship between the inflation differential of two countries and the percentage change in the spot exchange rate over time. 6. IFE is based on nominal interest rate ( differentials ), which are influenced by expected inflation. 7. Transaction exposure is a subset of economic exposure. Economic exposure includes any form by which the firm’s ( value ) will be affected. 8. The option writer is obligated to buy the underlying commodity at a stated price if a ( put option ) is exercised 9. There are three types of long-term international bonds. They are Global bonds , ( eurobonds ) and ( foreign bonds ). 10. Any good secondary market for finance instruments must have an efficient clearing system. Most Eurobonds are cleared through either ( Euroclear ) or Cedel. PartⅢ:Questions and Calculations (60%)过程正确结果计算错误扣2分 1. Assume the following information: A Bank B Bank Bid price of Canadian dollar $0.802 $0.796 Ask price of Canadian dollar $0.808 $0.800 Given this information, is locational arbitrage possible? If so, explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $1,000,000 to use. (5%) ANSWER: Y es! One could purchase New Zealand dollars at Y Bank for $.80 and sell them to X Bank for $.802. With $1 million available, 1.25 million New Zealand dollars could be purchased at Y Bank. These New Zealand dollars could then be sold to X Bank for $1,002,500, thereby generating a profit of $2,500. 2. Assume that the spot exchange rate of the British pound is $1.90. How will this spot rate adjust in two
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金融英语证书考试（FECT ）Exerci ses I. Which of the following is not a function of money ? ______ A. To act as a medium of excha nge B. To act as a unit of acco unt C. To act as a store of value D. To provide a double coin cide nee of wants E. To act as a mea ns of payme nt 2. ______________________________________________ T he price in the foreig n excha nge market is called ___________________________________ A. the trade surplus B. the excha nge rate C. the money price D. the curre ncy rate 3. _____________________________ Market risk refers to the risk of A. fi nan cial prices fluctuati ons B. default
C. fraud D. deferred payme nts 4. Which of the follow ing is not among the gen erally accepted acco un ti ng principles ? ________ 。 A. Cash basis B. Prude nee C. C on siste ncy D. Go ing concern E. M oney measureme nt。 5. What is a documentary letter of credit ? ______ 。 A. A conditional bank undertaking to pay an exporter on production of stipulated docume ntati on B. A method of lending aga inst docume ntary security C. A n intern ati onal trade settleme nt system biased in favour of importers D. All of the above 6. Holdi ng a group of assets reduces risk as long as the assets ____ 。 A. are perfectly correlated
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金融专业英语单词内部编号：（YUUT-TBBY-MMUT-URRUY-UOOY-DBUYI-0128）
金融专业英语词汇大全 a flat percentage rate of income 统一比率的所得税税率 a long position 多头部位，利多形势 a long positio 多头寸；买进的期货合同 a put option on a debt security 债务证券的卖出期权 a sales slip 签购单据，售货清单 a short position 空头部位，短缺头寸 a short position 空头；卖出的期货合同 a tax return 税务申报表 abnormal depreciation 特别折旧abnormal spoilage 非 正常损坏 aboriginal cost 原始成本 acceptance bank 票 据承兑行 acceptance method 承兑方式 acceptance risks 承兑风险 accepting bank 承兑银行 accessory risks 附加保险，附加险 accident insurance 意外保险（不包括海 上，火灾和人寿险） accommodation of funds 资金融通 accompany vt. 附 带，伴随，陪同 account charges 账户费用 account current (A/C,a/c) 往来帐 户 account number (A/N) 帐号 account statement 帐户清单 accounting exposure 会计风险 accounting risks 会计风险 accounting value 帐面价值 accounts of assured 保险帐户 accrued bond interest 应计债券利息 accrued depreciation 应计折旧 accrued dividend 应计股利
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1. Banks serves as ( principle depository) of liquid funds for the public. 2. (The banking sector) provides the indispensible national payriient mechanism for the development of modem financial and business system. 3. Which of the following is not a policy banks (The Industrial and Commercial Bank of China) 4. The central banking system began taking shape in (1984) 5.What is amount of the total assets of the banking sector at the end of 2005(RMB37. 47 billion) 6.The Basel Accord sets minimum capital ratio requirements for internationally active banks（of 4% tier one capital and 8 to total capital）in relation to risk-weighted assets. 7.One objective of banking supervision is to prot ect depositors’ funds and(if a bank should fail) to minimize the losses to be absorbed by the deposit insurance fund. 8.The ratio of liquid assets to liquid liabilities of a commercial bank shall not fall short of (25) percent. 9..Market risk refers to the risk of (financial prices fluctuation) 10.If a major borrower gets in trouble because of inability to (return) a loan the bank may find itself in serious trouble as well. 11.(Indirect) tell us how many units of the foreign currency required to buy one unit of the domestic turrency. 12.If an importer who buys goods today has to pay for the goods in a foreign currency one month from today , it may be convenient to buy the currency now for delivery in a month. The transaction is called (a forward) 13.Suppose we make a week-end swap on January 10,2005 (Monday) , then the spot value date is set on (January 12 , 2005) , the forward value date is set on (January 19 , 2005) 14.(The value date）is the date on which the money must be paid to the parties involved in spot transactio 15.If we have a quote of 737. 62Z740. 58 for $ZT ,（the first rate is the buying rate for the dollar） 16.(An audit) is the independent examination that ensures the reliability of the accounting reports submitted by management to investor , creditor ,and other outside the business. 17.GAAP stands for (General Accept Accounting Principles) 18.which of the following is not included in the accounting concepts and principles ? (General Accepted Accounting Principles). https://www.360docs.net/doc/04230011.html,ers of financial statements are interested in liquidity because (businesses may be difficult to have enough working capital) 20.Theliability section , together with (owner's equity) , indicates how an entity financed. 21.Investment banks’ role in the financial markets involves (telling and distributing new stocks and bonds). 22.What does IPO stand for ? (Initial Public Offering) 23.A key difference between bonds and stocks is that stocks (represent ownemhip) 24.Credlt card customer (are given a credit limit on the credit card account and can buy goods and services up to this amount) 25.when a bank holds valuables and documents for its customer in safe custody ,it has to take are of the property ,and has a (bailor—bailee) relationship with that customer. 26. In a syndicated loan , (the lead bank) handles the negotiations with the borrower, prepares the relevant documentation and disbumes the full amount of the loan to the borrower. 27. A (bridging) loan is a loan agreement under which finance is required in connection with the