金融英语第八章答案
.Chapter 8
Financial Statements
Exercises
I. Answer the following questions in English.
1. In what section of the balance sheet would one f ind patents and trademarks?
答案：In Assets and Owners’ equity of the balance s heet would one find patents and trademarks.
2. Which depreciation method bases depreciation exp ense for a given period on actual use?
答案：The usefulness of a machine lessens with use over the years, and therefore becomes a loss from t he initial value of the machine upon its purchase.
3. Which financial statement is prepared as of a pa rticular date rather than for a Period ending on a particular date?
答案：A balance sheet represents a specific period o
f time.
4. Who has the primary responsibility for the finan cial statements?
答案：Shareholders and lenders supply capital (cash) to the company. The capital suppliers have clams on the company.
5. At what value is land used in a business shown o n the balance sheet?
答案：At Gross Profit is land used in a business sh own on the balance sheet.
6. Which of the following results from using the LI FO method of inventory cost flows during a period o f inflation?
答案：Inventory for businesses that sell retail will consist of products purchased from the manufacture r and yet to be sold to the public.
7. What reflects the net tax effects of the tempora ry differences between the carrying values of asset s and liabilities for financial reporting purposes a nd amounts used for income tax purposes?
答案：Assets are what a company uses for its product ion process, while liabilitiesare obligations to be paid to outside parties.
8. What is the cost of a fixed asset less its accu mulated depreciation?
答案： Long-term assets, also known as fixed assets, have a life span of over one year.They can refer t o tangible assets such as machinery, computers, bu ildings andland. Depreciation is calculated and de ducted from these types of assets.
9.How are held-to-maturity securities reported on the balance sheet?
答案： When we look at the balance sheet we need to know how to assess the numbers.Financial ratios ca n be calculated from the balance sheet, and these h elp theinvestor understand the state of liquidity a nd growth potential of the company in question. 10. How many types of inventories does a manufactur ing firm list on its balance sheet?
答案： If the firm is manufacturing a product, the i nventory is divided into three different stages: r aw materials, work-in-progress (WlP) and finishe
d goods.
11. What does the FIFO inventory method assume abou t the first units purchased?
答案： Inventory for businesses that sell retail wil l consist of products purchased from the manufactur er and yet to be sold to the public.
12. What does a company record when it receives a c ash payment for setvices before it performs the ser vices?
答案： Cash, the most fundamental of current assets, also includes non-restricted bank accounts and chec ks.Cash equivalents are stocks and other money mar ketinstruments such as U.S. Treasuries that can be quickly changed into money. II. Fill in the each blank with an appropriate word or expression.
1. Basic earnings per share are computed by dividin
g net income by _quarter_.
2. Financial statements must be prepared in accorda nce with business .
3. The annual depreciation expense using the double -declining-balance method is equal to liabilities .
4. Financial instruments that derive their value fr om an underlying asset or index are called assets .
5. Accounts receivable are reported on the balance sheet at their assets .
6. The book value of property, plant, and equipment is the copyright .
7. The reporting of inventory values at the lower o
f cost or market reflects the accountin
g principle or convention of production ,
8. Financial instruments that derive their value fr om an underlying asset or index are called assets .
111. Translate the following sentences into Englis h.
1.公司财务报表既反映了公司的财务状况，同时也是公司经营状况的综合反映。因此，通过分析公司财务报表，就能对公司财务状况及整个经营状疆个基本的了解。
翻译：The company financial statement not only refle ct the financial position of the company, at the sa me time, the company is the comprehensive reflectio n of operating conditions. Therefore, through the a nalysis of corporate financial statements about the financial status and the whole business of a basic understanding of xinjiang.
2.分析公司财务报表可以掌握反映公司经营状况的一系列基本指标和变化情况，了解公司经营实力和业绩，并将它们与其他公司的情况进行比较，从而对公司的内在价值作出基本的判断。
翻译：Company financial statement analysis can refle ct master a series of basic business status of comp any index and changing conditions and understand th e company's management strength and performance, an d will they and other company, compared to the intr insic value of the company to make basic judgment.
3.按有关规定，上市公司应将其中期财务报表(上半年的)和
年度财务报表公开发表。这样，一般投资者可从有关报刊上获得上市公司的中期和年度财务报表。
翻译：According to the regulations, the listed compa ny shall issue of financial statements (the first h alf of the year) and published the annual financial statements. So, the average investor can from the press on to get listed company the middle and the a nnual financial statements.
4.公司中期报表较为简单，年度报表则较为详细，但上市公司的各种财务报表至少应包括两个基本报表，即资产负债表和利润及利润分配表。
翻译：The interim report is simple, the annual re port is more detailed, but in all kinds of financ ial statements of the listed company shall includ e at least two basic financial statements, that i s, the balance sheet and income statement.
5. 资产负债表是一张静态报表，反映了该报表截止时间时公司的资金来源及分布状况。对该表的基本分析内容包括了解分析公司当时的财务结构、经营能力、盈利水平和偿债能力。
翻译：The balance sheet is a static statements, which shows the statements by the time the company funds an d distribution. On the basic analysis content includi ng understand analysis of the company was financial s tructure, operation ability, the profit level and sol vency.
6.对财务状况的分析不能静态地看一个数据或一张报表的内容，而应将各种财务数据结合起来综合分析才能看出问题的实质。
翻译：The analysis of financial situation can not static and see a data or a statement of the conten t, and all kinds of financial data should be combi ned to achieve comprehensive analysis of the essen ce of the problem.
IV. Translate the following sentences into Chinese.
1. The significance of transparent, timely and reli able financial statements and its importance to inv estor protection has never been more apparent.
翻译：透明、及时、可靠的财务报表和投资者保护的重要性从不就更加明显。
2. If a company fails to provide meaningful disclos ure to investors about where it has been, where it is and where it is going, a damaging pattern ensue s.
翻译：如果一个公司未能提供有意义的信息披露在投资者一直是它在哪里,它要去的地方,一个破坏性的模式便会接踵而至。
3. The bond between shareholders and the company is shaken; investors grow anxious; prices fluctuat e for no discernible reasons; and the trust that is the bedrock of our capital markets is severely tes ted.
翻译：股东和公司之间的债券是动摇的;投资者变得焦虑;价格波动没有明显的理由,相信我们资本市场的基石正被严重的考验。
4. When we look at the balance sheet we need to know how to assess the numbers. Financial ratios c an be calculated from the balance sheet, and these h elp the investor understand the state of liquidity and growth potential of the company in question.
翻译：当我们望着资产负债表,我们需要知道如何评估数字。从财务比率可以计算出的资产负债表和这些帮助投资者了解国家的流动性和发展潜力的公司的问题。
5. A balance sheet, also known as a "statement of f inancial position", reveals a company's assets, lia bilities and owners' equity (net worth).
翻译：资产负债表,也称为“财务状况表”,揭示了一个公司的资产、负债和所有者权益(净值)。
6. The income statement covers a specific period of time. It is usually released every financial quart er, and at the end of the fiscal year (FY).
翻译：利润表覆盖一个特定的一段时间。它通常是每一个财政季度发布,并在会计年度终了时(高于)。
《金融英语》教学大纲
经济学院经济类专业课程教学大纲 金融英语 课程名称：金融英语Financial English 课程编码：012099 学分：2分 总学时：32学时 适用专业：金融学 先修课程：基础英语、金融学、货币银行学 执笔人：曾江辉 审订人：王华明 一、课程的性质、目的与任务 金融英语是金融学专业选修课程，其目的是培养学生的金融专业英语语言能力和实际运用英语处理与金融有关业务的能力。金融英语不仅具有其独特的专业词语、常用句式和文体风格,而且具有金融行业的内在知识体系,具有融思想性、知识性、技术性为一体的特征。要求此课程以现代课程理念为指导，突出学生的主体和多学科知识的综合性，突出培养学生的学习能力。Financial English is a elective courses for Finance Major, which purpose is to cultivate the students' ability of using English language of Finance professional and practical use of English to deal with related financial business. Financial English not only has the professional words, but also has sentence patterns and unique style. It has the internal knowledge system and is melted with the thought and knowledge, technology as the characteristics. The requirements of this course is provided by modern curriculum ideas as a guide, the main highlight comprehensive for students and multi-disciplinary knowledge. It emphasizes the training of students learning ability. 二、教学内容与学时分配 Chapter 1 Money (2学时) 1.1 Definition of Money 1.2 Types of Money 1.3 Functions of Money 1.4 Interest and Interest Rate 1.5 Money Supply 1.6 China's Monetary System Exercises Chapter 2 Foreign Exchange （4学时） 2.1 Definitions and Quotations 2.2 Foreign Exchange Transactions Exercises Chapter 3 Balance of Payments （4学时）
金融专业英语阅读(答案)
Lesson One Translate the following passage into Chinese 1.紧缩性货币政策和扩张性货币政策都涉及到改变一个国家的货币供应量水平。 扩张性货币政策增加货币供应量，而紧缩性货币政策会减少货币供应量。 2.当联邦储备体系在公开市场上购买有价证券，会引起证券价格上涨。债券价格 和利率成反比关系。联邦贴现率就是一种利率，因此降低联邦利率实际上就是 降低利率。如果联邦储备系统决定降低法定储备要求，那么银行能够进行投资 的资金会增加。这会引起投资比如债券价格的上涨，因此利率会降低。无论联 邦储备体系用何种方法来增加货币供应量，利率都会降低，债券价格会上涨。 Translate the following sentences into English 1. China would maintain a stable currency and prudent monetary policy, and expected to stay within its growth and inflation targets this year 2.China would also maintain a prudent monetary policy to support economic development while preventing inflationary pressure and financial risks 3. China’s economy continued to grow steadily and rapidly in the first quarter, with investment in fixed assets slowing and domestic consumption accelerating. 4.because of China’s large increase in its trade surplus and foreign exchange reserves in the first quarter, the effectiveness of its monetary policy — used to help control inflation — was facing “serious challenges.” 5. The central bank would seek to further streamline its foreign exchange system to facilitate the orderly outflow of funds. At the same time, it would tighten the management of foreign exchange inflows and settlement. —Three Translation: Translate the following passage into Chinese 1．外汇交易当然是指两种不用货币之间的交易了。每一组货币的交易或“买卖”都包含两个部分。一个是即期市场，在这个市场中支付（交付）需在交易时立即进行（在实际操作中一般是在第二个交易日进行），另一个就是远期市场。远期市场的汇率是在交易的时候就先确定了，但实际的交易，或交付则是在未来的某个特定时间进行的。 2．外汇交易期权是指一种货币和另一种货币在未来进行交付的一个合同，在此合同中，
英文版国际金融试题和答案
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 upward 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: Yes!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 years if the United Kingdom experiences an inflation rate of 7 percent per year while the United
金融英语FECT 单选题附答案
1. Which of the following is not a function of money? ______. A. To act as a medium of exchange B. To act as a unit of account C. To act as a store of value D. To provide a double coincidence of wants E. To act as a means of payment 2. The price in the foreign exchange market is called ______. A. the trade surplus B. the exchange rate C. the money price D. the currency rate 3. Market risk refers to the risk of______. A. financial prices fluctuations B. default C. fraud D. deferred payments 4. Which of the following is not among the generally accepted accounting principles? ______. A. Cash basis B. Prudence C. Consistency D. Going concern E. Money measurement.
5. What is a documentary letter of credit? ______. A. A conditional bank undertaking to pay an exporter on production of stipulated documentation B. A method of lending against documentary security C. An international trade settlement system biased in favour of importers D. All of the above 6. Holding a group of assets reduces risk as long as the assets ______. A. are perfectly correlated B. are completely independent C. do not have precisely the same pattern of returns D. have a correlation coefficient greater than one 7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an . A. liability B. debt C. equity D. asset 8. What function is money serving when you buy a ticket to a movie? ______. A. store of value B. a medium of exchange C. transaction demand D. a unit of account 9. If foreigners expect that the future price of sterling will be lower, the ______. A. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall
金融英语第十三章答案
Chapter13 (exercises) I .Answer the following questions in English. 1.Carefully describe a futures contract. A future contract is a blinding agreement between a seller and a buyer to make and to take delivery of the underlying commodity at a specified future date with agreed upon payment terms. Futures contracts are standardized with respect to the delivery month. 2.Explain how futures contracts are valued daily, It is possible to calculate a theoretical fair value for a futures contract.The fair value of a futures contract should approximately equal the current value of the underlying shares or index,plus an amount referred to as the “cost of carry”.The full value of the contract is not paid or received when the contract is established-instead both buyer and seller pay a small initial margin. 3.Describe the role of the clearinghouse in futures trading. The clearinghouse,an agency or separate corporation of a futures exchange.The clearinghouse becomes the buyer to each seller and assumes responsibility for protecting buyers and sellers from financial loss by assuring performance on each contract. 4. Explain the differences between a hedger and a speculator. The difference between hedgers an speculators is the risk. Hedgers are parties at risk with a commodity or an asset,but speculators trads futures with the objective of making a profit by being on the right side of a price move. 5. Give a brief description of the history of futures. Both the histories of futures are focused on that how people have tried to improve the effectiveness of the commercial marketplace. 6. What is key difference between forward and futures? Forward contracts and futures comparison: the former is a standardized contract, OTC, flexible and high transaction cost, risk is big. The latter are standardized contracts, exchange as a medium, investors and unlike forward contracts as the direct trading, risk is small. Options and futures comparison: futures trading both sides has rights and obligations. While the option buyer the right to sell only, only obligation. In addition from the gains and losses, the futures of profit and loss is uncertain, but the option buyer 's loss is the option premium. Ⅱ. Fill in the each blank with an appropriate word or expression.
金融英语测试题自测-打印版
第一章： 1、equity（股本） 2、financial system 3、portfolio（投资组合） 4、bond 5、stock 1.another way for Intel to raise funds to build a new semi-conductor factory is to sell stock in the company. Stock represents ownership in a firm and is, therefore a claim to the profits that the firm makes. For example, if Intel sells a total of 1000000 shares of stocks, then share represents ownership of 1/1000000 of the business 2. A mutual fund is an institution that sells shares to the public and uses the proceeds to buy a selection, or portfolio, of various types of stocks, bonds, or both stocks and bonds. The shareholder of the mutual fund accepts all the risks and returns associated with the portfolio. If the value of the portfolio rises, the shareholder benefits, if the value of the portfolio falls, the shareholder suffers the loss. 第二章： 1、commodity money 2、fiate money 3、bank note 4、Treasury Bill 5、money supply Most countries today have an “independent” central bank, that is, one which operates under rules designed to prevent political interference. Examples include the European Central Bank, the US Federal Reserve, the Reserve Bank of Australia, the Reserve Bank of India, the Bank of England, the Bank of Canada, etc. Some central banks are publicly owned, and others are, in theory, privately owned. In practice, there is little difference between public and private ownership, since in the latter case almost all profit of the bank are paid to the government either as a tax or a transfer to the government.
金融英语教程目录-张铁军
Chapter 1 Money 1.1 Definition of Money 1.2 Types of Money 1.3 Functions of Money 1.4 Interest and Interest Rate 1.5 Money Supply 1.6 China's Monetary System Exercises Chapter 2 Foreign Exchange 2.1 Definitions and Quotations 2.2 Foreign Exchange Transactions Exercises Chapter 3 Balance of Payments 3.1 The Definition of BOP 3.2 The General Principle of BOP 3.3 The Components of Balance of Payment Statement 3.4 Equilibrium of BOP Exercises Chapter 4 International Monetary System 4.1 The Gold Standard 4.2 Bretton Woods System 4.3 The Jamaica System 4.4 The Present and the Future Exercises Chapter 5 Financial Market 5.1 Introduction 5.2 Money Market 5.3 Capital Market Exercises Chapter 6 Securities 6.1 Overview 6.2 Stock 6.3 Bond Exercises Chapter 7 Loans 7.1 Introduction 7.2 Major Loan Categories 7.3 Loan Classification by Risk
《金融专业英语》习题答案
Chapter One Functions of Financial Markets 一．Translate the following sentences into Chinese. 1.China’s banking industry is now supervised by the PBC and CBRC. In addition, the MOF is in charge of financial accounting and taxation part of banking regulation and management. 目前中国银行业主要由中国人民银行和银监会进行监管。此外，财政部负责银行业监管的财务会计及税收方面。 2.Currently Chinese fund management companies are engaged in the following business: securities investment fund, entrusted asset management, investment consultancy, management of national social security funds, enterprise pension funds and QDII businesses. 目前中国的基金管理公司主要从事以下业务：证券投资基金业务、受托资产管理业务、投资咨询业务、社保基金管理业务、企业年金管理业务和合格境内机构投资者业务等。 3.China's economy had 10% growth rate in the years before the world financial crisis of 2008. That economic expansion resulted from big trade surpluses and full investment. Now China is seeking to move away from that growth model. The country is working to balance exports with demand at home. 在2008年世界经济危机之前的那些年，中国经济增长速度曾达到10%。这一经济增长源于巨额贸易盈余和大量投资。中国现在正在寻求改变这一增长模式。中国正致力于平衡出口和国内需求。 二．Translate the following sentences into English 1.中国商业银行监管的程序是市场准入监管、市场运营监管和市场退出监管。 Regulatory procedures of China’s commercial banks are market access regulation, market operation regulation and market exit regulation. 2.国务院关于推进资本市场改革开放和稳定发展的若干意见。 Some opinions of the State Council on promoting the reform, opening and steady growth of the capital market 3.只有建立合理的股权结构，才能保证公司取得好的经营业绩。 Only establishing reasonable ownership structure can guarantee perfect corporate performance. 4.该公司股票暴跌，被伦敦交易所摘牌。 The company’s stock nosedived and it was delisted from the London exchange.
金融英语口语教程第1课：西方的银行(一)
金融英语口语教程第1课：西方的银行(一) Banking in the West(1) 西方的银行（一） Situation 1 情景 1 Jiro Ito is visiting with his friend ,Bob Jenson ,a banker in New York . 伊滕次郎正与他的朋友鲍勃·詹森闲谈。鲍勃是纽约的一位银行职员。 They are talking about the history of banking in the west . 他们正在谈论相关西方银行的历史。 Ito：I'm curious about the history of banking in the west ,Bob.Can you tell me something about it ? 伊滕：我很想知道相关西方银行史的一些情况。鲍勃，您能给我讲一讲吗？ Jensen：Well,Jiro,the earliest banks started in Babylon almost 4,000 years ago . 詹森：好的，次郎。最早的银行大约是4，000年前在巴比伦建立的。 They were really temples which collected deposits and made loans . 实际上，那些银行仅仅一种收集存款并实行放款的场所。
I ：That surprises me .I had always thought that banking started during the Renaissance in Europe . 伊滕：这可真是出乎我的意料之外，我原来一直以为银行业务始于欧洲文艺复兴时期呢。 J：No ,it was much earlier than that.Actually ,private firms that handled deposits and loans , 詹森：不，比那个时期要早多了。实际上，早在公元前6世纪就有了私营的商行。 changed coins and even arranged for credit transactions existed as early as the 6th century B.C. 这些商行从事储蓄存款和贷款，兑换硬币以至安排信贷交易。 I：Then ,there were banks in ancient Greece and Rome,too? 伊滕：当时，古希腊和罗马也有银行吗？ J：Yes ,laws in Both Greece and Rome recognized banks and many bank functions . 詹森：是的，希腊和罗马都在法律上承认了银行和银行的很多作用。 It wasn't until the breakup of the Roman Empire and the decline in trade and commercial transactions that banking lost its previous importance . 直到罗马帝国崩溃，商贸业务衰落，银行业才失去了它以往的重要性。 I：What about the laws against usury during the Middle Ages?Didn't such laws made it illegal to charge interest on loans?
金融英语第十一章答案
Chapter 11 Mutual Funds E x er c is e s Ⅰ、Answer the following questions in English. 1. What is NOT an advantage of a mutual fund? A. Instant Diversification. B. Easy to Use. C. You can easily make monthly contributions. D. You are guaranteed to double your money in 5 years. 2. If you were looking to invest in a specific country or region, which mutual fund would be best suited for you? A. Global Fund B. Regional Fund C. Growth Fund D. Socially Responsible Fund E. Green Fund 3. What is the difference between a front end and back end load? A. Front-end funds charge a fee if the fund is redeemed early, back-end funds don 't. B. Front-end funds don't charge a fee, back-end funds do. C. Front-end funds charge a fee when you buy the fund, back-end funds charge the fee at redemption. D. None of the above. 4.what percent do most mutual funds have administration fees? A. 0% B. 0.5%--2.5% C. 3% -- 5% D. 6% -- 10% 5. Buying a mutual fund based on past performance is a good strategy. A. True. . B. False. Ⅱ、Fill in the each blank with an appropriate word or expression. 1. There are, however, many different types of equity funds because there are many different types of equities. 2. The idea of pooling resources and spreading risk using closed-end investments soon took root in Great Britain and France, making its way to the United States in the 1890s. 3. What was once just another obscure financial instrument is now a part of our daily lives. 4. Income is earned from dividends on stocks and interest on bonds. A fund pays out nearly all income it receives over the year to fund owners in the form of a distribution. 5. If the fund sells securities that have increased in price, the fund has a capital . Most funds also pass on
金融英语第三章答案
Chapter 3 Money Market Exercises I．Answer the following questions in English． 1．How big is the money market? Money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded．The money market is used by participants as a means for borrowing and lending in the short term，from several days to just under a year．Money market securities consist of negotiable certificates of deposit (CDs)，bankers acceptances，U.S．Treasury bills，commercial paper，municipal notes，federal funds and repurchase agreements(repos)．The money market is a subsection of the fixed income market too． 2．What are the terms of most T—bills? T-bills are short—term securities that mature in one year or less from their issue date．T—bills are issued with 3 month，6 month，and 1 year maturities． 3．Why would a company issue commercial paper? Because For many corporations，borrowing short-term money from banks is often a labored and annoying task．Their desire to avoid banks as much as possible has led to the widespread popularity of commercial paper． 4．A money market instrument usually used for import／export payments is known as? Foreign exchange revenue and spending 5．What does Eurocurrency encompass? Eurodollars are U.S．dollar—denominated deposits at banks outside of the United States． 6．What is a major advantage of money market instruments? Money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded．7．What are Eurodollars? Eurodollars are U.S．dollar—denominated deposits at banks outside of the United States． 8．Who can issue commercial paper? Commercial paper is an unsecured，short-term loan issued by a corporation，typically for financing accounts receivable and inventories．Furthermore，