清华大学出版社金融英语 期末考试提纲
华政金融英语期末必考
Chapter 1 Finance1. Word and expressions (ppt)private equity 私募mutual funds 共同基金hedge funds 对冲基金securitized asset（asset securitization）资产证券化 outstanding 已发售/未偿付managerial finance 财务管理risk aversion 风险规避purchasing power 购买力fixed asset 固定资产current asset 流动资产bill of exchange 汇票promissory note 本票check 支票open account 往来账户factoring 保理bad debt 坏账financial standing/position/condition 财务状况overdue accounts 逾期账款chambers of commerce 商会legal action 诉讼settlement of account 结算账户credit limits 信用额度statements of account 对账单current liabilities 流动负债insurer 保险公司，承保人insured 被保险人derivatives 衍生品intangible asset 无形资产tangible/material asset 有形资产2. words and expressions (book)mutual fund 共同基金budget 预算checking account 支票账户（个人支票账户不记利息或低利息）savings account 存款账户（计利息）real estate 房地产durable goods 耐用品working capital 运营资本municipal bond (of muni) 市政债券3. fill in the blanks(1) The primary goal of corporate finance is to maximize (is maximizing)corporate value while managing the firm’s financial risks.(2) Financial mathematics is the study of financial data with the toolsof mathematics, mainly statistics.(3) Capital, in the financial sense, is the money that gives the business the power to buy goods to be used in the production of other goods orthe offering of a service.(4) A cash budget is extremely important, especially for small business, because it allows a company to determine how much credit it can extend to customers before it begins to have liquidity problems.(5) A bank aggregates the activities of many borrowers and lenders. Abank accepts deposits from lenders, on which it pays the interest.(6) Capital investment decisions are long-term choices about which projects receive investment, whether to finance that investment with equity or debt, and when or whether to pay dividends to shareholders.4. translation (C TO E)(1)金融管理是商业管理的重要方面之一，没有合适的金融计划，企业是不可能成功的。
金融英语期末重点题
名词解释1、Financial market（金融市场）is a market in which financial assets (securities) such as stocks and bonds can be purchased or sold.2、Those participants that provide funds are called surplus units（盈余方）.3、Participants that enter financial markets to obtain funds are called deficit units（赤字方）4、Those financial markets that facilitate the flow of short-term funds (with maturities of less than one year) are known as money markets（货币市场）.5、Those that facilitate the flow of long-term funds are known as capital markets（资本市场）.6、Primary markets（一级市场）facilitate the issuance of new securities. The issuance of new corporate stock or new treasury securities is a primary market transaction.7、Secondary markets（二级市场）facilitate the trading of existing securities. The sale of existing corporate stock or treasury security holdings by any business or individual is a secondary market transaction.8、liquidity（流动性）, which is the degree to which securities can easily be liquidated (sold) without a loss of value.9、over-the-counter (OTC) market（场外市场）, which is a telecommunications network.10、A secondary stock offering（二次发行）is a new stock offering by a specific firm whose stock is already publicly traded.11、Money Market Securities（货币市场证券）are debt securities that have a maturity of one year or less.12、Capital Market Securities（资本市场证券）securities with a maturity of more than one year are called Capital Market Securities.13、Bonds（债券）are long-term debt obligations issued by corporations and government agencies to support their operations. (Treasury notes and bonds).14、Mortgages（抵押贷款）are long-term debt obligations created to finance the purchase of real estate15、Stocks（股票）(also referred to as equity securities 股权类证券) are certificates representing partial ownership in the corporations that issued them. They are classified as capital market securities.16、Derivative securities（衍生证券）are financial contracts whose values are derived from the values of underlying assets (such as debt securities or equity securities).17、Speculation（投机）: derivative securities allow an investor to speculate on movements in the underlying assets without having to purchase those assets.18 、Hedging（套期保值）: Derivative securities can be used in a manner to generate gains if the value of the underlying assets declines.19、Foreign exchange rates（外汇汇率）: is the price of one money in terms of another one.20、Mutual Funds（共同基金）: they sell shares to surplus units and use the funds received to purchase a portfolio of securities.21、The Loanable Funds theory（可贷资金理论）, commonly used to explain interest rate movements, suggests that the market interest rate is determined by the factors that control the supply of and demand for loanable funds.22、This relationship between interest rate and expected inflation is often referred to as the Fisher Effect（费舍效应）.23、Crowding-out effect.（挤出效应）Given a certain amount of loanable funds supplied to the market( through saving), excessive government demand for these funds tends to “crowd out” the private demand (by consumer and corporation) for funds.24、Repurchase Agreements（购回协议）The Trading Desk purchases Treasury securities from government securities dealers with an agreement to sell back the securities at a specified date in the near future—to ensure adequate liquidity25、The Federal Reserve System (the Fed)(联邦储备系统), as the central bank of the United States, has the responsibility for conducting national monetary policy. 26、Commercial paper（商业票据）is a short-term debt instrument issued only by well-known creditworthy firms and is typically unsecured.27、Negotiable Certificates of Deposit (NCDs)（可转让存单）are issued by large commercial banks and other depository institutions as a short-term source of funds.28、Repo（回购）refers that one party sells securities to another with an agreement to repurchase the securities at a specified date and price.29、Federal funds（联邦基金）market allows depository institutions to effectively lend or borrow short-term funds from each other at the so-called federal funds rate.30、A banker’s acceptances（银行承兑）indicates thata bank accepts responsibility for a future payment. They are commonly used for international trade transactions.31、The U.S. dollar deposits in non-U.S. banks is called Eurodollar certificates of deposit or Eurodollar CDs（欧洲美元存款）.32、Bond markets(债券市场)facilitate the flow of long-term debt from surplus units to deficit units.33、Bearer bonds（无记名债券）: require the owner to clip coupons attacked to the bonds and send them to the issuer to receive coupon payments.34、Registered bonds（记名债券）: require the issuer to maintain records of who owns the bond and automatically send coupon payments to the owners. 35、An initial public offering（首次公开募股）is a first-time of shares by a specific firm to the public.36、Over-the-Counter Market（场外交易市场）:Trades through a telecommunications network37、Financial futures markets（金融期货市场）facilitate the trading of financial future contracts.38、financial futures contract（期货合约）is a standardized agreement to deliver or receive a specified amount of a specified financial instrument at a specified price and date.39、price movements of bond futures contracts Economic growth: employment, GDP, retail sales, industrial production, and consumer confidence40、A bond index futures contract allows for the buying and selling of a bond index for a specified price at a specifies date.41、Open Market OperationsThe buying and selling of government securities (through the Trading Desk) is referred to as open market operations.42、Stripped treasury bondsStripped Treasury BondsThe cash flows of bonds are commonly transformed(转化) by securities firms so that one security represents the principal payment only while a second security represents the interest payments1.depository institution（存款类金融机构）：1Commercial Banks.2Saving institutions include savings and loan associations (S&Ls) and saving banks.3 Interaction between Savings Institutions and Other Financial Institutions. 4Credit unions(信用合作组织)2.Nondepository Financial Institutions（非存款类金融机构）1Finance Companies2Mutual Funds (共同基金)3 Securities firms4Insurance Companies 5 Pension Funds3.Depository institutions are popular financial institutions for the following reasons:They offer deposit accounts that can accommodate the amount and liquidity characteristics desired by most surplus units.Repackage funds received from deposits to provide loans of the size and maturity desired by deficit units. They act as a creditor.Accept the risk on loans provided.Have more expertise than individual surplus units in evaluating the creditworthiness of deficit unitsDiversify their loans among numerous deficit units and therefore can absorb defaulted loans better than individual surplus units could.4.Demand for loanable funds1）Household demand 2）Business demand 3)Government demand 4)Foreign demand 5)Aggregate demand5.The Fed has five major components:Federal Reserve district banks(联储地区银行)Member banksBoard of Governors(联邦储备理事会)Federal Open Market Committee (FOMC)Advisory committees(顾问委员会)6.The Fed can use three monetary policy tools to either increase or decrease the money supply:1）Open market operations2）Adjustments in the discount rate 3）Adjustments in the reserve requirement ratioparison of Monetary Policy Tools1）Open market operations are convenient and used without signaling the Fed’s intent ions.2）Adjustment to loans by adjusting discount rate is only temporary.3）Adjustment in the reserve requirement ratio can cause erratic (反复无常的)shifts in the money supply.6 M1 = Currency + checking depositsM2 = M1 + saving deposits, MMDAs, Eurodollars, small time depositsM3 = M2 + money market mutual funds, large time deposits, repurchase agreements8.popular money market securities are:Treasury bills, commercial paper, negotiable certificates of deposit, repurchase agreements, federal funds and banke r’s acceptances9.The reasons that the Eurodollar market are attractive for both depositors and borrowers:the spread between the rate banks pay and the rate they charge is relatively smallOnly governments and large corporations participate in this market—lower riskInvestors in the market avoid some costs (no deposit insurance, lower taxes, no government-mandated credit allocations)Eurodollar CDs are not subject to reserve requirements Less regulations and restrictions10.The purpose for call provisions（提前赎回条款）: End up paying a higher rate when interest rates decline Retire bonds as required by a sinking-fund provision 11.Futures and forward contracts are similar in the following ways:Both are derivative securities for future delivery. The parties agree today on price and quantity for settlement in the future.Both are used to hedge currency risk, interest rate risk or commodity price risk.They differ in these ways:Forward contracts are private, customized定制contracts between a bank and its clients depending on the client’s needs (OTC). There is no secondary market for forward contracts since they are private contractual agreements.Forward contracts are settled at expiration. Futures contracts are continually settled (mark to market) Profits/losses for a futures contract accumulate on a daily basis unlike a forward contract where profits/losses are realized at once at contract expiration. Futures markets have daily price limits. If the settlement price changes by the daily price limit, trading is stopped until the next day.12.Risk of Trading Futures Contracts1）Market risk: refers to fluctuations in the value of the instrument as a result of market conditions. (wrong expectation)2）Basis risk: the position being hedged by the futures contracts is not affected in the same manner as the instrument underlying the futures contract.3）Liquidity risk: refers to potential price distortions dueto a lack of liquidity. (no traders)4）Credit risk: is the risk that a loss will occur because a counterparty defaults on the contract.5）Prepayment risk: refers to the possibility that the assets to be hedged may be prepaid earlier than their designated maturity.6）Operational risk: is the risk of losses as a result of inadequate management or controls.13 Foreign stock offerings in U.S.Advantages: enhance the global image, easily place the issue of new stock, obtain large amount of fund, diversifies the shareholder base, increase the liquidity, protect a firm against hostile takeovers(恶意收购) Disadvantages: stringent(严格的) regulations, entail some costs14、How does the Fed use the monetary policy tools to adjust the money supply?（1）When the Fed issues securities, the commercial banks purchase those that are most attractive. The total funds decrease and the money supply falls.When the Fed purchase securities, the total funds increase, which represents a loosening of money supply growth.（2）To increase the money supply, the Fed can authorized a reduction in the discount rate; to decrease the money supply, the Fed can increase the discount rate.（3）The lower the reserve requirement ratio, the greater the lending capacity of depository institutions, so a larger money supply.Money multiply15、What are the characteristics of corporate bonds?（1）The bond indenture, trustee（2）Sinking-Fund Provision(偿债基金准备)（3）Protective Covenants(保护条款)16、What is the relationship between the government demand for loanable funds and interest rate? (Explain by pictures)The federal government demand-for-loanable-funds schedule is Dg1, if new bills are passed that cause a net increase in the deficit of USD20 billion, the federal government demand for loanable funds will increaseby that amount. The new demand schedule is Dg2.17、What are the ways by which the money flows from individual surplus units to deficit units?a major type of financial intermediary is the depository institution which accepts deposits from surplus units and provides credit to deficit units through loans and purchases of securities.18、How does the level of tax, do you think, affect the demand of household for loanable funds (please explain by pictures)?An investment tax credit will increase the incentive to borrow，it increases the demand for loanable funds.。
金融英语期末试题及答案
金融英语期末试题及答案一、选择题1. What is the time value of money?A. The concept of money having different values at different times.B. The concept of money having the same value at all times.C. The concept of money having no value over time.D. The concept of money having a fixed value regardless of time.答案：A2. Which of the following is a type of risk in finance?A. Exchange rate riskB. Market riskC. Interest rate riskD. All of the above答案：D3. What is the purpose of diversification in investment?A. To concentrate investments in a single assetB. To reduce the overall risk of a portfolioC. To increase the potential return of a portfolioD. To eliminate all risk from a portfolio答案：B4. What is the function of a stock exchange?A. To regulate the trading of stocks and other securitiesB. To provide loans to individuals and businessesC. To monitor interest rates in the economyD. To facilitate international trade transactions答案：A5. What is the role of a financial analyst?A. To analyze economic trends and make investment recommendationsB. To issue and sell financial products to customersC. To manage the day-to-day operations of a financial institutionD. To set monetary policies for an economy答案：A二、填空题1. The process of buying and selling securities on the stock market is known as _________.答案：trading2. A document that outlines the terms and conditions of a loan is called a _________.答案：loan agreement3. The risk that an investment will lose value due to changes in the overall market is known as _________ risk.答案：market4. The interest rate at which banks lend money to each other overnight is called the _________ rate.答案：overnight5. The process by which a company raises capital by selling shares to the public is known as _________.答案：initial public offering (IPO)三、简答题1. Explain the difference between stocks and bonds.答案：Stocks represent ownership in a company and give investors the right to share in the company's profits and voting rights. Bonds, on the other hand, are debt securities issued by companies or governments to raise capital. Bondholders lend money to the issuer in exchange for periodic interest payments and the return of the principal amount at maturity.2. What factors can affect currency exchange rates?答案：Currency exchange rates can be influenced by factors such as interest rates, inflation, political stability, economic performance, and market speculation. Changes in these factors can cause the value of a currency to fluctuate relative to other currencies.3. What is the difference between a mutual fund and an exchange-traded fund (ETF)?答案：A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of securities. Investors in mutual funds buy shares directly from the fund at the net asset value (NAV) price. An ETF, on the other hand, is a type of investment fund that is traded on a stock exchange like a common stock. ETFs can be bought and sold throughout the trading day at market prices, and their prices may deviate slightly from the underlying asset value.四、解释题1. Explain the concept of compound interest.答案：Compound interest is the interest that is earned on both the initial principal amount and any accumulated interest from previous periods. In other words, it is interest on interest. As interest is added to the principal, the total amount grows over time, and subsequently, the amount of interest earned in each period also increases. This compounding effect allows investments to grow at an accelerated rate compared to simple interest, where interest is only calculated on the initial principal.2. What is diversification in investment and why is it important?答案：Diversification refers to the practice of spreading investments across different assets, industries, or geographical regions to reduce risk. By diversifying a portfolio, an investor can decrease the impact of any single investment's performance on the overall portfolio. Different investments may have different risk levels and may react differently to economic or market conditions. Therefore, if one investment performs poorly, other investments in the portfolio may provide a buffer against potential losses. Diversification can help to achieve a more balanced risk-return profile and enhance the potential for long-term investment success.五、翻译题Translate the following sentence into English:中国货币政策的调整对全球金融市场有重要影响。
金融英语_复习大纲
A Guide to Course Review and Exam of Financial English1.Key Sentences for Comprehension （句子理解）Chapter 1: 1, 3, 6, 71.The field of finance refers to the concepts of time，money and risk and how theyare interrelated.3. Finance is used by individuals (personal finance)，by governments (public finance)，by business (corporate finance)，as well as by a wide variety of organizations including schools and non-profit organizations.6. Cash Budget is an estimation of the cash inflows and outflows for a business orindividual for a specific period of time.Cash budgets are often used to assess whether the entity has sufficient cash to fulfill regular operations and/or whether too much cash is being left in unproductive capacities.7. Budget is an estimation of the revenue and expenses over a specified future period of time.Chapter 3: 1, 2, 6, 111.The money market specialized in debt securities that mature in less than one year.2.Money market securities are very liquid，and considered very safe. As a result，they offer a lower return than other securities.6. A certificate of deposit (CD) is a time deposit with a bank.11. BAs are used frequently in international trade and generally only available toindividuals through money market funds.Chapter 4: 1, 2, 3, 6mercial banks are banking institutions that are geared more toward thelending of money to customers，rather than focusing on generating or raising money.2. A loan is a financial transaction in which one party (the lender) agrees to giveanother party (the borrow) a certain amount of money with the expectation of totalrepayment.3. Most loan applications are handled by banks or other professional lendinginstitutions. They may use any number of criteria to determine if a potential borrower is eligible for a loan.6. A savings account typically refers to an account in which one places money to earna small amount of interest.Chapter 10: 1, 5, 7, 81. A bond is simply an “IOU”in which an investor agrees to loan money to a company or government in exchange for a predetermined interest rate.A bond is fixed income security.5. The issuer of a bond is a crucial factor to consider，as the issuer’s stability is your main assurance of getting paid back.7. Generally speaking，bonds are exposed to five major types of risks: interest rate risk，purchasing power risk，business/financial risk，liquidity risk，and call risk.8. Most bond transactions can be completed through a full service or discount brokerage.Chapter 11: 1, 3, 4, 6, 71. A mutual fund is a professionally managed type of collective investment scheme that poors money from many investors and invests it in stocks，bonds，short-term money market instruments，and/or other securities.3.The advantages of mutual funds are professional management diversification，economies of scale，simplicity，and liquidity.4.The disadvantages of mutual funds are high costs over-diversification possible taxconsequences，and the inability of management to guarantee a superior return.6.Mutual funds have lots of costs.7. Costs can be broken down into ongoing fees (represented by the expense ratio) and transaction fees (loans).Chapter 13: 1, 2, 4, 7, 81.Futures are contractual agreements made between two parties through a regulatedfutures exchange. The parties agree to buy or sell an asset livestock，a foreign currency，or some other item —at a certain time in the future at a mutually agreed upon price.2. A futures contract is a binding agreement between a seller and a buyer to make(seller) and to take (buyer) deliver of the underlying commodity (or financial instrument) at a specified future date with agreed upon payment terms.4. 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”.7.The key to any hedge is that a futures position is taken opposite to the position inthe cash market. That is，the nature of cash market position determines the hedge in the futures market.8. Participants in the futures market have been classified as either hedgers orspeculators.Chapter 14: 1, 3, 4, 6, 7, 81.An option is a contract giving the buyer the right but not the obligation to buy orsell an underlying asset at a specific price on or before a certain date.3. A call gives the holder the right to buy an asset at a certain price within a specificperiod of time.4. A put gives the holder the right to sell an asset at a certain price within a specificperiod of time.6.Buyers are often referred to as holders and sellers are also referred to as writers.7.The price at which an underlying stock can be purchased or sold is called thestrike price.8.The total cost of an option is called the premium，which is determined by factorsincluding the stock price，strike price and time remaining until expiration.2.Special Terms （术语互译）Chapter 1: Finance1.Hedge funds 对冲基金2.Financial risk management 金融风险管理3.Personal finance 个人财务4.Working capital 流动资本5.Capital budget 资本预算6.Cash budget 现金预算7.Savings account 储蓄账户Chapter 3: Money Market1.bankers’ acceptance (BA)银行承兑mercial paper 商业票据3.repurchase agreement (repos) 回购协议4.fixed-income security有固定收益保证的证券5.face (par) value 面值6.maturity date 到期日Chapter 4: Commercial Banks and Services1.telegraphic transfer (TT,T/T) 电汇2.term deposit 定期存款3.off balance sheet exposure 资产负债表外的风险4.principal 本金5.lines of credit (LOC) 信贷额度6.savings account 储蓄账户7.credit rating 信用等级8.money order 汇票Chapter 10: Bond Basicsernment Bonds 政府债券2.Municipal Bonds 市政债券3.Corporate Bonds 公司债券4.Zero-Coupon Bonds 零息债券5.Exposure to Risk 债券风险6.Treasury bond 长期国债（国库券）7.Treasury notes 中期国债8.Treasury bill 短期国库券9.Callable bonds 可赎回债券Chapter 11: Mutual Funds1.no-load fund 免佣基金2.aggressive growth funds 进取型增长基金3.capital gain 资本盈利4.economics of scale 规模经济5.professional management 专业管理6.equity funds 股票基金7.balanced funds 均衡基金8.specialty funds 专向基金9.index funds 指数基金 asset value (NA V) 资产净值Chapter 13: Futures Market1.futures market 期货市场2.financial futures 金融期货modity futures 商品期货4.initial margins 初始保证金5.futures transaction 期货交易6.futures position 期货头寸7.open outcry 公开叫价8.settlement price 结算价格9.date of delivery 交割期10.market order 市价订单Chapter 14: Options1.financial derivatives 金融衍生品2.hedging 套期保值3.premium 期权总成本4.strike price 敲定价格5.long position 多头；超买6.short position 空头；超卖7.intrinsic value 隐含价值8.employee stock option 员工认股权9.calls 看涨期权10.puts 看跌期权3.Key sentences for translation （单句翻译）Chapter 1: 5Chapter 3: 4Chapter 4: 6uChapter 10: 5Chapter 11: 2Chapter 13: 5Chapter 14: 2参考翻译（句子顺序为任意排列，复习时需要确保英汉对应）1.Business are classified into nonfinancial and financial business. These entities borrow funds in the debt market and raise funds in the eduity market.商业企业可分为非金融和金融两大类。
金融英语 期末复习题
Chapter 1Tangible Assets有形资产Intangible Assets 无形资产Issuer 发行人Investor 投资者Equity Instrument (or Residual claims) 权益工具（也称剩余索取权）Fixed-income instruments 固定收益证券Purchasing power risk( or inflation risk) 购买力风险（也是通货膨胀风险）Default(or credit risk) 违约风险（信用风险）Foreign-exchange risk 外汇风险Spot market or cash market 即期市场（现货市场）Price discovery process价格发现过程Liquidity 流动性Search costs 搜寻成本Debt market vs. equity market 债券市场股票市场Money market vs. capital market 货币市场资本市场Primary vs. secondary market 一级市场二级市场Cash or spot market vs. derivatives market 现货市场衍生品市场Auction market vs. over-the-counter market vs. intermediated market 拍卖市场场外交易市场中间市场Internal Market(also called national market)内部市场（国民市场）External Market(also called international market, offshore market, and Euromarket) 外部市场Retail investors 小额投资者Institutional investors 机构投资者derivative instrument 衍生工具futures/forward contracts远期合约Options contracts期权合约Call option 看涨期权Put option 看跌期权Disclosure regulation 信息披露监管Financial activity regulation 金融行为监管Regulation of financial institutions 金融机构监管Regulation of foreign participants 外国参与者的监管Banking and monetary regulation 银行与货币监管Asymmetric information 信息不对称Agency problem 代理问题Arbitrage 套利Competitive market 竞争市场Debt instrument 债务工具Market failure 市场失灵Global competition has forced government to deregulate various aspects of their financial markets so that their financial enterprises can compete effectively around the world.全球金融的竞争迫使政府在其金融市场的不同方面放松管制，使其金融市场在全球更具竞争力。
金融学大纲(英文)Financial English Course Outline
COURSE OUTLINECourse: Financial English (UVIC Grade 2) Term: One (1)Academic Year: Fall 2016 - 2017Teacher:TextbookThe main textbook for this course is Financial English Listening and Speaking,(Author), 2012 Edition, Copyright 2012, ISBN 978-7-5663-0367-7, (CIP).In addition to the main text, supplementary materials will also be presented. Relevant articles from a variety of journals and magazines, especially related to the practices of finance in China and Canada.Furthermore, DVD’s, videos, audios and other materials are also prepared to stimulate students’interest and understanding about the subject matter.Midterm ExaminationTo be decided by the university, tentatively on the 10th week of this semester. The examination will cover information taught in weeks 1 through 9. This will be in the form of group presentation with individual topics assigned to each member of the group.Final ExaminationThe final exam will be given during week 17 and will cover information taught for the whole semester or current events chosen by the student. This will be done individually with a topic chosen related to finance.Grade ComputationAttendance/Oral Participation/Classwork: 20% Midterm Exam: 30%Final Exam: 50%Examinations Attendance at all scheduled examinations is mandatory. Consideration for missed examinations will be given only on the basis of documented illness, accident or family affliction, and for no other reasons.In the event of a missed mid-session examination, with suitable documentation provided, a supplementary mid-session examination will be given.In the event of a missed final examination, students are advised to contact the office or the class adviser.Students are advised not to make travel arrangements until after the final exam timetable has been posted. Students who do make arrangements at an earlier date should book flights that leave after the end of the examination period. There will be no special accommodation if travel plans conflict with the examination.Academic IntegrityAcademic integrity requires commitment to the values of honesty, trust, fairness, respect, and responsibility. Students are expected to observe the same standards of scholarly integrity as their academic and professional counterparts. A student who is found to have engaged in unethical academic behavior, including the practices described in the Policy on Academic Integrity, is subject to penalty by the University.Teacher Office HoursDong Jiao Building, Office 414, Fridays 10:00 AM – 12:00 NN Course Outline SummaryThe weekly outline is tentative and may be amended as we work our way through the course. Almost certainly, we will move off schedule as not all topics fit neatly into one week.The outline then should be used first and foremost as a guide to readings to be done in advance of lectures.。
金融英语期末复习
金融英语期末复习金融英语期末复习1. brokerA ) 经济人B ) 经纪人C ) 承销商2. life insuranceA ) 人寿保险B ) 财产保险C ) 海上保险3. capital adequacy ratioA ) 资本充足率B ) 资本利润率C ) 资金利用率4. run on a bankA ) 贷款B ) 存款C ) 挤兑5. financial crisisA ) 金融风险B ) 金融监管C ) 金融危机6. legal reserves requirementA ) 公开市场业务B ) 法定存款准备金C ) 再贴现率7. exchange rateA ) 汇率B ) 利率C ) 红利8. monetary marketA ) 资本市场B ) 票据市场C ) 货币市场9. optionA ) 期货B ) 期权C ) 互换10. common stockA ) 普通股B ) 优先股C ) 债券11. bull marketA ) 牛市B ) 熊市C ) 套利12. central bankA ) 中央银行B ) 商业银行C ) 投资银行13. simple interestA ) 复利B ) 单利C ) 本金14. liquidityA ) 流动性B ) 赢利性C ) 风险性15. balance sheetA ) 现金流量表B ) 利润表C ) 资产负债表16. off-shore bankingA ) 国际银行业务B ) 离岸银行业务C ) 结算业务17. structural improvementA ) 结构调整B ) 结构优化C ) 结构失调18. moral hazardA ) 道德风险B ) 逆向选择C ) 信息不对称19. fixed costA ) 固定成本B ) 边际成本C ) 平均成本20. stagflationA ) 通货膨胀B ) 通货紧缩C ) 滞胀21. Widespread affects not only the nation’s international balance of payment but also the sales of home industries.A ) speculatingB ) smugglingC ) streamliningD )stocktaking22. Banks will not make a loan to any borrower unless theymake sure the latter is .A ) prosperousB ) richC ) solventD ) honest23. The “Ford ”is designed to assist some outstanding scholars in their efforts to do outstanding researches.A ) FoundationB ) SponsorshipC ) FundD ) Funds24. All bondholders will be paid at value of the bond on maturity.A ) agreedB ) securityC ) paperD ) par25. For a deposit of $10000 at the annual interest rate of 6%, one may receive a total of $10600 on maturity for his and interest.A ) originalB ) stakeC ) principalD ) deposit26. In those years, many foreign investors withdrew from the country because of disappointing rate of investment.A ) gains ofB ) yield ofC ) return onD ) return of27. Majority businessmen benefit from the differencebetween price and wholesale price.A ) distributionB ) bitC ) lotD ) retail28. As a rule, the construction contactor has to submit to the client a sum about 10% of contract price as of contract performance.A ) mortgageB ) promiseC ) commitmentD ) security29. The investment of a firm may fell into two categories: the first is for investment in fixed assets, the second is for in its day-to-day operation.A ) turnoverB ) wagesC ) bonusD ) incentive30. In theory, those pertain to the firm’s assets.A ) accounts receivableB ) receivable accountsC ) payable accountsD ) accounts payable31. The percentage analysis of increases and decreases in corresponding items in comparative financial statements is called ______.A ) vertical analysisB ) horizontal analysisC ) external analysisD ) comparative analysis32. The documentary collection provides the seller with a greater degree of protection than shipping on ______.A ) open accountB ) bank's letter of guaranteeC ) banker's draftD ) documentary credit33. When GBP/USD rate goes from 1.6150 to 1.8500, we say the dollar ______.A ) appreciates by 12.70%B ) depreciates by 14.55%C ) depreciates by 12.70%D ) appreciates by 14.55%34. The price in the foreign exchange market is called ______.A ) the trade surplusB ) the currency rateC ) the money priceD ) the exchange rate35. What function is money serving when you buy a ticket toa movie? ______.A ) transaction demandB ) a medium of exchangeC ) store of valueD ) a unit of account36. These 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 advanceFrom an exporter's point of view, the order of preference is ______.A ) (4) , (1) , (3) , (2)B ) (4) , (2) , (3) , (1)C ) (4) , (3) , (1) , (2)D ) (2) , (4) , (1) , (3)37. The risk that is specific to individual stocks is called ______.A ) systematic riskB ) country riskC ) unsystematic riskD ) market risk38. Money _____.A ) serves as the critical function of a medium of exchangeB ) facilitates trade in goods and servicesC ) overcomes the inefficiencies of barterD ) all of the above39. Mr Wang, a lawyer, is a better typist than his secretary, but he still has her to do the typing. What economic principle, much used in trade theory, does this illustrated? _____A ) absolute advantageB ) economies of scaleC ) diminishing returnsD ) comparative advantage40. The economics situation at home and abroad, including the interest rate, the exchange rate, ease money (expansion of money supply) or tight money (contraction of money supply), hasa long term influence on stock prices.41. The function of the World Bank is to provide a mechanism for supplying for long periods of time ——20 or 30 years ——theforeign exchange needed to rebuild and develop economies.42. Spot transactions are foreign exchange transactions that have to be settled promptly,forward transactions have to be settled on an agreed future date.43. Through years of reform efforts, China has developed a banking system consisting mainly of the wholly state-owned commercial banks and joint-equity commercial banks under the supervision of the central bank, the People's Bank of China.44. The use of foreign exchange arises because different nations have different monetary units and the currency of one country cannot be used for making payment in another country.45. Venture Capital company pools the partners’assets and use these assets to help a fresh enterprise to begin its new cause.46. One of the main functions of banks is to take in deposit from surplus regions and then make loans to the deficit regions.47. The implementation of the stabilization and structural measures has been a major factor underlying the resilience of the Chinese economy in the context of the crisis in Asian financial markets and the recent weakening of global economic activity.48. Asymmetric information is present in loan market because lenders have less information about the investment opportunities and activities of borrowers than borrowers do.49. The functions of futures markets are price discovery, price risk hedging, and market efficiency improving.Directions：Read the following passages, and determine whether the sentences are “Right”or “Wrong”. If there is not enough i nformation to answer “Right”or “Wrong”, choose “Doesn’t say”.Passage 1Liquidity is a measure of how quickly an item may be converted to cash. Therefore, cash is the most liquid asset. Account receivable is a relatively liquid asset because the business expects to collect the amount in cash in the near future. Supplies are less liquid than accounts receivable. Users of financial statements are interested in liquidity because business difficulties often arise owing to shortage of cash. How quickly can the business convert an asset to cash and pay a debt? How soon must a liability be paid? These are questions of liquidity.50. Long-term assets are all assets other than current assets.A ) rightB ) wrong C) Doesn’t say51. Supplies are less liquid than accounts receivable, and furniture and buildings are even less so.A) Right B ) Wrong C) Doesn’t52. People are interested in liabilities on the balance sheet because it is relatively liquid.A ) RightB )wrong C) Doesn’t sayPassage 2Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans. It serves the needs of industry and commerce, government and local authorities. Private sector firms borrow their working capital (currentassets minus current liabilities) from the money market, which used to be mainly via commercial banks; the role of banks as middlemen has now diminished, even for the working capital requirements. Private sector firms raise their fixed capital by the issue of shares or commercial paper bonds. Government andlocal authorities borrow medium and long-term capital by issuing gilt-edged stocks and bands. The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London. 53. An industrial corporate can meet its financial needs by seeking funds from the capital markets.A ) RightB )wrong C) Doesn’t say54. Nowadays a private business usually obtains its working capital through a commercial bank.A ) RightB )wrong C) Doesn’t say55. In the UK commercial banks often raise funds by issuing bands and stocks.A ) RightB )wrong C) Doesn’t sayPassage 3A commercial bank shall formulate its business rules, establish and improve its business management, the system of cash control and its security system in accordance with the stipulations of the People’s Bank of China. A commercial bank shall establish and improve its systems of examining and checking deposits, loans settlements and bad and doubtful accounts. The PBC can exercise examination of a commercial bank at any time in accordance with the relevant provisions. The personnel in charge of the examination and supervision should produce their legitimate at the time of conducting examination and supervision. A commercial bank shall provide financial accounting information, business contracts and other information about its business and management at the requestof the People’s Bank of China. A commercial bank is subject to the audit control by the auditing authorities in accordance with the audit law and regulations.57. The PBC can exercise examination of a commercial bank at any time.A ) RightB )wrongC ) Doesn’t say58. A commercial bank shall establish and improve its system of internal control according to law.A ) RightB )wrongC )D oesn’t say59. A member staff of the PBC should present his legitimate certificate for on-site examination.A ) RightB )wrongC ) Doesn’t say60. The auditing authorities can not exercise the audit control over a commercial bank.A ) RightB )wrongC ) Do esn’t say1. off-shore bankingA ) 离岸银行业务B ) 国际银行业务C ) 结算业务2. capital adequacy ratioA ) 资本充足率B ) 资本利润率C ) 资金利用率3. moral hazardA ) 信息不对称B ) 逆向选择C ) 道德风险4. structural improvementA ) 结构失调B ) 结构优化C ) 结构调整5. commercial bankA ) 中央银行B ) 商业银行C ) 投资银行6. dividendA ) 汇率B ) 利率C ) 红利7. legal reserves requirementA ) 再贴现率B ) 法定存款准备金C ) 公开市场业务8. compound interestA ) 复利B ) 单利C ) 本金9. balance sheetA ) 利润表B ) 现金流量表C ) 资产负债表10. average costA ) 固定成本B ) 边际成本C ) 平均成本11. monetary marketA ) 资本市场B ) 票据市场C ) 货币市场12. common stockA ) 普通股B ) 优先股C ) 债券13. liquidityA ) 风险性B ) 赢利性C ) 流动性14. bear marketA ) 牛市B ) 熊市C ) 套利15. brokerA ) 经纪人B ) 经济人C ) 承销商16. futureA ) 期货B ) 期权C ) 互换17. life insuranceA ) 财产保险B ) 人寿保险C ) 海上保险18. depositA ) 挤兑B ) 存款C ) 贷款19. financial crisisA ) 金融风险B ) 金融监管C ) 金融危机20. inflationA ) 通货膨胀B ) 通货紧缩C ) 滞胀21. The Bank of China has been recognized as the AAA bank by a Japanese credit Agency that is very authoritative in international financial community.A ) evaluatingB ) assessingC ) appraisalD ) rating22. Owing to his good reputation, Mr. White can buy things in nearby shop .A ) without moneyB ) on creditC ) for lock of moneyD ) at order23. For a deposit of $1000 at the annual interest rate of 5%, one may receive a total of $1050 on maturity for his and interest.A ) originalB ) stakeC ) principalD ) deposit24. If we mean to learn foreign advanced technology and management in the operation, we’d better establish a joint with foreign firm rather than work on your own.A )businessB ) corporationC ) firmD ) venture25. If you have a draft and is badly in need of money before maturity of payment, you may sell it at for cash to the bank or others at the commercial paper market.A ) discountB ) premiumC ) depreciationD ) expense26. We have to close down the branch bank in that region in that its is far from covering the expenses incurred.A ) currency B) depositC ) reserves D) earnings27. What function is money serving when you buy a ticket toa movie? ______.A) store of valueB) a medium of exchangeC) transaction demandD) a unit of account28. The price in the foreign exchange market is called ______.A) the trade surplus B) the exchange rateC) the money price D) the currency rate29. What’s the interest rate on a 20-year mortgage loan?30. Although capital market development is expected to speed up, banks in China, which currently provide about 75 percent of aggregate financing in the economy, are likely to continue to playing a dominant role in financing economic and technological development as well as the economic reform in the foreseeable future.31. The use of foreign exchange arises because different nations have different monetary units and the currency of one country cannot be used for making payment in another country.32. In international trade, there exists the need for financing and the associated interest rate and credit risks, which are always accompanied by foreign exchange risk.33. Through years of reform efforts, China has developed a banking system consisting mainly of the wholly state-owned commercial banks and joint-equity commercial banks under the supervision of the central bank, the People's Bank of China.。
(完整版)金融英语教学大纲201710
《金融英语》教学大纲一、课程基本信息1、熟悉金融行业基本的业务、常用术语及一般的业务程序与原理；2、掌握一定的金融英语词汇，提高学生的英语运用能力，能听懂金融行业日常工作会话，能用英文介绍金融行业的基本概念、基本业务和基础理论，能阅读与金融业务有关的英文资料；3、培养和提高学生的综合职业能力和素质。
三、课程目标、教学目标与毕业要求对应关系Chapter 1 International Monetary Systems1、基本要求掌握与货币有关的英语专业词汇；能用英文对货币发展史进行简单介绍。
2、主要内容Text 1 History of Modern Global Monetary OrdersText 2 International Monetary Systems and Historical OverviewListening: Call for a “New Bretton Woods”Oral English practice:：The correlation between a country’s economic power and its role in the international financial system.3、作业：课后习题Chapter 2 The International Monetary Fund1、基本要求了解国际货币基金组织的基本职能；掌握本单元英语生词；能用英文简单介绍国际货币基金组织的历史、成员及基本职能。
2、主要内容Text 1 An Overview of the IMFText 2 The Membership of the IMFListening: Tackling Global ChallengesOral English practice:: How should the IMF help low-income countries?3、作业：课后习题Chapter 4 Balance of Payments1、基本要求掌握本单元生词；理解收支平衡的含义；能用英文对收支平衡、收支顺差、收支逆差、赤字等概念进行介绍2、主要内容Text 1 China's Balance of PaymentsText 2 Balance of PaymentsListening: Current Account Deficit? Not Necessarily a Bad ThingOral English practice:: The disadvantages of current account deficits?3、作业：课后习题Chapter 5 Foreign Exchange and Exchange Rate1、基本要求掌握与外汇和汇率有关的英语专业词汇；了解外汇在国际金融与国际贸易中的重要性；能用英语对外汇汇率标价方法进行介绍。
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Default:违约failture to perform on a foerign exchange transaction or failture to pay an interest obligation on a debt. Fiscal:财政Fiscal is used to describe something that relates to government money or public money, especially taxes.The accountants audited the company’s books at the end of the fiscal year.财政年度结束时，会计师们审查公司的账册。
Reserves:储备The dollar’s reserve-currency status let America borrow cheaply, causing the country’s credit and housing bubbles to persist for longer than they otherwise would have.美元作为储备货币的地位让美国可以很便宜地借到钱，这导致了美国的信贷和房屋泡沫比本来持续了更长的时间。
Circulate:流通During a depression money circulates slowly.循环在商业萧条时期，货币流通滞缓。
Domestic:国内的Low prices crimped domestic output and foreign imports.低物价阻碍了国内出口和国外进口。
Gold:黄金America went off the gold standard after the Great Depression.大萧条后，美国停止使用金本位制。
Minimum:最小值Employers frequently pay workers below the minimum wage, and some employers do not pay their workers at all.雇主常付给工人低于最低工资的薪水，而且有些雇主根本给他们的工人支薪。
Deposit:存款Atomicity requires that both withdrawal and deposit should happen in one go, or neither must occur.原子性要求提款和存款必须同时发生，或者二者都不发生。
Lump sum:总额Fees will eat your savings. Withdraw a lump sum once, for the week, based on a budget.坚持在一周的预算上只取一笔。
Installment:分期付款We accept neither payment by installment nor deferred payment.我们既不接受分期付款，也不接受延期付款。
Certificate of deposite: A time deposit at a bank should be thought of as similar to a certificate of deposit.银行的定期存款就相当于一张存款单。
Syndicated loan:辛迪加贷款It recently raised CNY750 million via a three-year syndicated loan arranged by UBS.最近在瑞银的安排下，远东宏信通过三年期银团贷款募集了7.5亿元的资金。
Principal:本金If the price level rises, your principal rises as well. 如果价格升高，你的本金也会升高；Banknote:钞票Central Bank's history of issuing banknote may be divided into two periods.中央银行发行钞票的历史可以分为两个时期。
Value:价值Due to the lack of market-price data on these assets, financial firms have to determine their value themselves.由于这些资产缺乏市场价格，金融企业不得不自己来决定它们的价值。
Traveler’s cheque:旅行者支票The tourist changed a traveler's cheque into local currency.这名游客把旅行支票兑换成当地货币。
Commission:手续费However, as an encouragement for businesses, we will allow you a 3% commission.然而，作为一种贸易奖励，我们可以给您3%的佣金。
Recourse:追索权Non-recourse means the government's loan is backed only by the collateral value of the toxic asset itself.无追索权意味着政府贷款仅由问题资产的抵押品价值提供支持。
Certified cheque:保付支票The report was submitted to the commission for its consideration.这份报告已呈报委员会审批。
Password:密码He typed in his password to log in.他打进自己的口令进行注册。
T/T remittance:电汇In China's foreign trade, when remittance is adopted, most of business is done through M/T and T/T.在我国对外贸易实践中使用汇付时，大多数交易通过信汇和电汇完成。
Borrowing limit:借款限额The most pressing is the government's need to raise its$ 16.394 trillion borrowing limit. 目前最紧迫的问题是政府需要提高其16.394万亿美元的借债上限Pledge:质押And some see the giving pledge as a packaging stunt. 也有些富人做这样的保证只是为了形象包装written application:书面申请书A written application shall be in the form prescribed in schedule1.书面申请须采用附表1所订明的格式Loan:贷款Certainly china's loan growth is worrisome. 中国的贷款增长确实令人担忧Mortgage:抵押The bank refused to accept any mortgage on land.银行拒绝接受任何土地抵押。
Banker’s acceptance:银行承兑（票据或汇票）The issuing bank will sell the banker's acceptance in the market and remit the funds to the beneficiary .开证行将在市场上售出银行承兑汇票，而后把这笔款汇付给受益人。
Credit balance:信用余额The credit balance comprises stated accounts and unstated accounts.授信余额包括表内和表外的项目。
commercial contract:商业合同for your information,value forMonetary policy:货币政策Reserve requirements:储备要求Circulation:流通the spread or transmission of something money to a wider group or areaIssue:发行supply and distributeDiscount rate:贴现率the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System 2. interest on an annual basis deducted in advance on a loan.Open martket operations:公开市场操作the purchase and sale of government securities by the centrle bankTime deposit:定期存款a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date Withdrawal:提款the act of taking out money or other capitalAccount:账户If you have an account with a bank, you have an arrangement to leave your money there and take some out when you need it. Beneficiary:受益人Credit available with any bank by negotiation, against presentation of beneficiary’s draft(s) at sig ht, drawn on us in duplicate.本信用证可由任何一家银行议付，议付时需提供由受益人向开证行开出的即期汇票一式两份。
Passbook:存折a record of deposits and withdrawals and interest held by depositors at certain banksMaturity:到期the date on which a financial obligation must be repaidJoint and several liability:连带责任Treasury bond:长期国库券（联邦债券）a debt instrument with maturities of 10 years or longerSpot exchange rate:即期汇率Remitting bank:汇款行Credit card:信用卡Encash:变现to exchange (a cheque) for cashSettlement:结算/结账/清算pay what is dueDemand deposit:活期存款bank money or scriptural money are funds held in demand deposit accounts in commercial banks Hypothecation:抵押mortgage, pledge.A long-term loan secured by real estateBalance sheet:资产负债表A statement showing a firm’s accounting value on a particular date. It reflects the equation, Assets=Liabilities+Stockholders’equity.声明中显示一个公司的会计价值在特定的日期。