金融英语课后答案汇总
Part One
1. What are the main roles of banks?
答：Although banks share many common features with other profit-seeking business,they play a unique role in the economy through mobilizing savings,allocating capital funds to fiance productive investment,transmitting monetary policy,providing a payment system and transforming risks.
3. According to the revised edition of the Law of the People's Republic of China on the People's Bank of China ,what functions does the PBC perform?
答：The PBC 's key functions are to conduct monetary policy, prevent and dissolve financial risks, and maintain financial stability under the leadership of the State Council.
4. Can you give some examples of indirect instruments for implementing monetary policy?
答：Indirect instruments as required reserve ratio, interest rate adjustment and open market operations.
9. What is your definition of share and bond?
答：Shares are certificates or book entries representing ownership in a corporation or similar entity.Bonds are written evidences of debts.
13. What is your definition of “securities”?
答：Securities are paper certificates (definitive securities) or electronic records (book-entry securities) evidencing ownership of equity (stock) or debt obligations (bonds).
Part Two
2. What are the objectives of banking supervision?
First, the key objective of supervision is to maintain stability and public confidence in financial system.
The second goal of bank supervisions to ensure that bank operate in a safe and sound manner and that they hold capital and reserve sufficient to cover the risks that may arise in their business.
Third, a related goal is to protect depositors’ funds and , if any bank should fail, to minimize the losses to be absorbed by the deposit insurance fund.
The fourth goal of bank supervision is to foster an efficient and competition banking system that is responsive to the public need for high quality financial services at reasonable cost.
The fifth and final goal of bank supervision is to ensure compliance with banking laws and regulations.
3. What risks might the commercial banks have to face?
(1)credit risk (2)market risk (3)liquidity risk (4)operational risk (5)legal risk (6)reputation risk
4. What are the implication of credit risk, market risk, liquidity risk and
operational risk?
Credit risk: A major type of risk that banks face is credit risk or the failure of a counterpart to perform according to a contractual arrangement.
Market risk: Two specific elements of market risk are foreign exchange risk and interest risk. Banks face a risk of losses in on- and off-balance sheet positions arising from movement in exchange rates. Interest rate risk prefers to the exposure of a bank’s financial condition to adverse movements in interest rates.
Liquidity risk: Liquidity risk arises from the inability of a bank to accommodate decreases in liabilities or to fund increases in assets.
Operational risk: The most important types of operational risk involve breakdowns in internal controls and corporate governance..
5.At what levels does the Basel Accord set the minimum capital ratio requirements for internationally active banks?
The Accord sets minimum capital ratio requirements for internationally active banks of 4% tier one capita and 8% total capital (tier one plus tier two) in relation to risk-weighted assets.
Part Three
1. What does foreign exchange include ?
答：Foreign exchange includes the following means of payments and assets denominated in a foreign currency that can be used for international settlement:
●Foreign currencies, including banknotes and coins;
●Payment vouchers denominated in foreign currency, including negotiable
instruments, bank certificates of deposit and certificates of postal savings;
●Securities denominated in foreign currency, including government bonds,
corporate bonds and stocks;
●Super-national currencies such as Special Drawing Rights and the Euro; and
●Other assets denominated in foreign currency.
3. What are the requirements for domestic institutions for opening foreign exchange accounts abroad?
答：Domestic entities which meet one of the following requirements may apply for opening a foreign exchange account abroad:
●Expecting small amount income during a certain period of time abroad;
●Expecting small amount e xpenditure during a certain period of time abroad;
●Undertaking overseas construction projects;and issuing securities denominated in foreign currency abroad.
6. Give the definition of foreign exchange?
答：Foreign exchange , or forex , is foreign money. All foreign currency, consisting of founds held with banks abroad, or bills or cheques, again in foreign currency and payable abroad , are termed foreign exchange.
9. Give the definition of spot and forward transaction?
答：Spot transactions involve today’s prices of currency and delivery of the currency within two business days, except for Canadian dollar (CAD), which must be delivered in one day.
10. Tell the difference between forward and futures transactions?
答：(1) Forward transactions involve today’s p rices of currency and delivery on a stipulated future date.
(2) Futures transactions are always traded on exchanges. In order to be marketable on exchanges, futures contracts are standardized in terms of quantity, settlement dates and quotation.
Part Four
14. How could a bank earn interest income?
答：The principal source of income for the majority of banks is still the interest received on the funds that the institution has at its disposal and is able to lend out in some form.Whenever a bank lends out money it will generally charge interest to the customer.
21. Why should a bank keep sufficient liquid assets?
答：It is important for a bank to hold sufficient liquid assets to meet the demands of depositors who may seek to withdraw their funds. However,maintenance of too high a level of liquid assets could be expensive. Cash balances in particular yield no income,yet will cost the same as any other asset to fund.
25. What are the three major activities included in a bank's Statement of Cash Flows?
答：The statement of cash flows reports cash flows relating to operating,investing and financing activities of a bank.
Part five
4. What are negotiable instruments? list some examples.
答：From a functional perspective, negotiable instruments are documents used in commerce to secure the payment of money. Paying large sums of money in cash is both inconvenient and, unfortunately, risky. In all cases, negotiable instruments represent a right to payment. A right is, by definition, a promise and not a tangible piece of property. So, negotiable instruments are classified as choses in action. The three main types of them are the following: Bills of Exchange, Cheques, Promissory Notes.
7. What’s the difference between capital lease and operating lease?
答：1: Whether the ownership of property is to be transferred by the end of lease term. 2: Whether the lease has an operation to purchase the leased property at a bargain price. 3: The lease term is long to or short in according to the estimated economic life of the leased property.
4: Whether the lease is a cancelable lease.
5: Whether the lease is full-payout lease.
9. What’s the meaning of Account Receivable Financing?
答：Accounts Receivable represents a promise from customers to pay for a goods sold or services rendered. Account Receivable Financing is a form of collateralized lending in which accounts receivables are the collateral.
12. What are basic characteristics of money mark securities?
答：Money-mark securities, which are discussed in details later in this chapter, have three basic characteristics in common:
They are usually sold in large denominations.
They have low default risk.
They mature in one year or less from their original issue date. Most money marker instruments mature in less than 120 days.
Why teasury bills are attractive to investors?
答：Teasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk .Even if the government ran out of money, it could simply print more to pay them off when they mature.The risk of unexpected changes in inflation is also low because of their short-termmaturity.
15. What are the features of inter-bank markets?
答：Inter-bank markets are money markets in which short-term funds transferred (lent or borrowed) between financial institutions, usually for one day, that is , they are usually
overnight investment . The interest rate for borrowing these funds is close to ,but always slightly higher than ,the rate that is available from the central bank.
17．How have NCDs become the second most popular money market instruments?
答：Negotiable CDs are in large denominations .Although NCDs denominations are too large for individual investors , they are sometimes purchased by money market funds that have pooled individu al investor’s funds. Thus , the existence of money market funds allows individuals to be indirect investors in NCDs ,marking a more active NCD market.
19.What products does the on-line banking provide?
答：basic products and services, intermediate products and services ,advanced products and services.
Part Six
1,What categories can the loan be divided according to their risk?
答：The five-category system classifies bank loans according to their inherent risks as pass(normal),special-mention,substandard,doubtful and loss.
What are the commonly used methods of credit analysis?
答：Tranditionally,key risk factors have been classified according to the five CS of credit:character,capital,capacity,conditions,and collateral. Golden and Walker identify the five CS of bad credit,representing things to guard against to help prevent problems.These include complacency,carelessness,communication breakdown,contingencies,and competition.
A useful framework for sorting out the facts and opinions in credit analysis is the 5Ps approach:people,purpose,payment,protection,and perspective.
How can a bank take security for an advance?
答：A bank has different kinds of security as cover for advance to his customers.There are several ways in which a bank may take security for an advance by lien,pledge,mortgage and hypothecation.
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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，
金融专业英语及翻译
Opposite指“位置、方向、地位、性质、意义等对立的、相反的”, 如: 如: “True” and “ false ” have opposite meanings. “真”与“假”有着相反的意思。 Contrary指“两物朝相反的方向发展”, 含有“互相冲突, 不一致”的意思, 如: Your plan is contrary to mine. 你的计划与我的相反。 Inverse 颠倒的；倒数的 Evil is the inverse of good. Reverse 反过来，翻转 He reversed the car. 他倒车. 教育类 素质教育 education for all-round development 应试教育 the examination-oriented education 义务教育 compulsory education 片面追求升学率 place undue emphasis on the proportion of students' entering school of a higher level 高分低能 good scores but low qualities 扩招 expand enrollment 教书育人 impart knowledge and educate people 因材施教 teach students according to their aptitude 提高身心素质 improve the health and psychological quality 大学生创业 the university students' innovative undertaking 社会实践 social practice 文凭 diplomas and certificates 复合型人才 interdisciplinary talents 文化底蕴 the rich cultural deposits 适应社会的改变 adjust to the social changes 满足社会的急需 meet the urgent needs the society 工作类 人才流动和双向选择 talent flow and a dual-way selection 试用期 probationary period 跳槽 job-hopping 自由职业 freelance work 拜金主义 money worship 获得名利 achieve fame and wealth 充分发挥个人的潜力 develop fully one's potential and creativity 工作出色 excel in one's work 社会和个人的尊重 social and personal esteem 生计问题 a bread and butter issue 人才交流 talents exchange 培养人才 cultivate talents 人才外流 brain drain 失业问题 unemployment problems 下岗职工 the laid-off workers 自谋生路 be self-employed 劳动力短缺 shortage of manpower 医药卫生类 卫生环境 sanitary environment 营养不良 malnutrition
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
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)
国际金融英语学生用全套
国际金融英语 ENGLISH FOR INTERNATIONAL FINANCE 顾维勇 GU WEIYONG SCHOOL OF FOREIGN LANGUAGES NANJING XIAOZHUANG COLLEGE 2008. 02. —2008. 06.
LESSON 1 The Gold Standard Era, 1870 — 1914 Origins of the Gold Standard The gold standard had its origin in the use of gold coins as a medium of exchange, unit of account, and store of value. While gold has been used in this way since ancient times, the gold standard as a legal institution dates back to 1819, when the British Parliament passed the Resumption Act. The Resumption Act marks the first adoption of a true gold standard because it simultaneously repealed long-standing restrictions on the export of gold coins and bullion from Britain. Later in the nineteenth century, Germany, Japan, and other countries also followed suit.The U.S. effectively joined the gold standard in 1879 and institutionalized the dollar-gold link through the U.S. Gold Standard Act of 1900. With Britain's preeminence in international trade and the advanced development of its financial system, London naturally became the center of the international monetary system built on the gold standard. The Gold Standard Rules The gold standard regime has conventionally been associated with three rules of the game. The first rule is that in each participating country the price of the domestic currency must be fixed in terms of gold. Since the gold content in one unit of each currency was fixed, exchange rates were also fixed. This was called the mint parity. The second rule is that there must be a free import and export of gold. The third rule is that the surplus country, which is gaining gold, should allow its volume of money to increase while the deficit country, which is losing gold, should allow its volume of money to fall. The first two rules together ensure that exchange rates between participating countries are fixed within fairly narrow limits. With the price of any two currencies fixed in terms of gold the implied exchange rate between the two currencies is also fixed and any significant deviation from this fixed rate will be rapidly eliminated by arbitrage operations. The third rule, requiring the volume of money to be linked in each participating country to balance of payments developments, provides an "automatic" mechanism of adjustment which ensures that, ultimately, any balance of payments disequilibria will
金融专业英语翻译学习：跟单信用证常见条款及短语
金融专业英语翻译学习：跟单信用证常见条款及短语applicant 开证人（申请开证人） principal 开证人（委托开证人） accountee 开证人 accreditor 开证人（委托开证人） opener 开证人 for account of Messrs 付（某人）帐 at the request of Messrs 应（某人）请求 on behalf of Messrs 代表某人 by order of Messrs 奉（某人）之命 by order of and for account of Messrs 奉（某人）之命并付其帐户 at the request of and for account of Messrs 应（某人）得要求并付其帐户 in accordance with instruction received from accreditors 根据已收到得委托开证人得指示 2.beneficiary 受益人 beneficiary 受益人 in favour of 以（某人）为受益人 in o ne′s favour 以……为受益人 favouring yourselves 以你本人为受益人
3.drawee 付款人（或称受票人，指汇票） to drawn on (or ：upon) 以（某人）为付款人 to value on 以（某人）为付款人 to issued on 以（某人）为付款人 4.drawer 出票人 5.advising bank 通知行 advising bank 通知行 the notifying bank 通知行 advised th rough…bank 通过……银行通知 advised by airmail/cable through…bank 通过……银行航空信/电通知 6.opening bank 开证行 opening bank 开证行 issuing bank 开证行 establishing bank 开证行 7.negotiation bank 议付行 negotiating bank 议付行 negotiation bank 议付行 8.paying bank 付款行 9.reimbursing bank 偿付行
金融英语测试题自测 打印版
打印版-金融英语测试题自测 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.
国际贸易及国际金融英语词汇
主题：国际贸易词汇 trade term / price term 价格术语 world / international market price 国际市场价格FOB (free on board) 离岸价 C&F (cost and freight) 成本加运费价 CIF (cost, insurance and freight) 到岸价 freight 运费 wharfage 码头费 landing charges 卸货费 customs duty 关税 port dues 港口税 import surcharge 进口附加税 import variable duties 进口差价税 commission 佣金 return commission 回佣，回扣 price including commission 含佣价 net price 净价 wholesale price 批发价 discount / allowance 折扣 retail price 零售价 spot price 现货价格 current price 现行价格/ 时价 indicative price 参考价格 customs valuation 海关估价 price list 价目表 total value 总值 贸易保险术语
All Risks 一切险 (Free from Particular Average) 平安险 W.A. / W.P.A (With Average or With Particular Average) 水渍险 War Risk 战争险 (Fresh Water Rain Damage) 淡水雨淋险 Risk of Intermixture and Contamination 混杂、玷污险 Risk of Leakage 渗漏险 Risk of Odor 串味险 Risk of Rust 锈蚀险 Shortage Risk 短缺险 ( Theft, Pilferage & Non-delivery) 偷窃提货不着险 Strikes Risk 罢工险 贸易机构词汇 WTO (World Trade Organization) 世界贸易组织 IMF (International Monetary Fund) 国际货币基金组织 CTG (Council for Trade in Goods) 货币贸易理事会 EFTA (European Free Trade Association) 欧洲自由贸易联盟 AFTA (ASEAN Free Trade Area) 东盟自由贸易区 JCCT (China-US Joint Commission on Commerce and Trade) 中美商贸联委会 NAFTA (North American Free Trade Area) 北美自由贸易区 UNCTAD (United Nations Conference on Trade and Development) 联合国贸易与发展会议 GATT (General Agreement on Tariffs and Trade) 关贸总协定
《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.
国际金融英文版习题
Chapter1 balance of payments Balance of Payments Accounting 1Balance of payments a)is defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of a double-entry bookkeeping b)provides detailed information concerning the demand and supply of a country’s currency c)can be used to evaluate the performance of a country in international economic competition d)all of the above Answer: d 2Generally speaking, any transaction that results in a receipt from foreigners a)Will be recorded as a debit, with a negative sign, in the U.S. balance of payments b)Will be recorded as a debit, with a positive sign, in the U.S. balance of payments c)Will be recorded as a credit, with a negative sign, in the U.S. balance of payments d)Will be recorded as a credit, with a positive sign, in the U.S. balance of payments Answer d 3 Generally speaking, any transaction that results in a payment to foreigners e)Will be recorded as a debit, with a negative sign, in the U.S. balance of payments f)Will be recorded as a debit, with a positive sign, in the U.S. balance of payments g)Will be recorded as a credit, with a negative sign, in the U.S. balance of payments h)Will be recorded as a credit, with a positive sign, in the U.S. balance of payments Answer a) 4 Suppose the McDonalds Corporation imports 100 tons of Canadian beef, paying for it by transferring the funds to a New York bank account kept by the Canadian Beef Conglomerate. i)Payment by McDonalds will be recorded as a debit j)The deposit of the funds by the seller will be recorded as a debit k)Payment by McDonalds will be recorded as a credit l)The deposit of the funds by the buyer will be credit Answer: a 5Since the balance of payments is presented as a system of double-entry bookkeeping, a)Every credit in the account is balanced by a matching debit
金融学考研专业英语词汇列表(经济类)
金融学考研专业英语词汇列表（经济类）1．air pocket气囊：指一种股票的显而易见的极其虚弱性。 2．backdoor listing后门上市：一家公司因其自身未能符合交易所上市规定，便买进一个上市公司，将自身并入其中而使自己能够上市。 3．basket purchase一篮子购买：以一种价格购买一组资产。然而在记帐同时，每件物品可以单独记入，并对每件资产指定一个成本。 4．bear trap空头陷阱：当股票下跌时，引起大量抛售，然后价格又上涨。 5．bed and breakfast deals床头和早餐交易：卖空骗局，个人或公司根据事先安排的交易，先卖出股票，继而在第二天买回，以此形成一个抵消资本收益的税损。本做法仅存于英国。 6．bottom fisher底部钓鱼人：寻找那些价格已跌至最底点，即将发生转机的商品或股票投资者。在有些情况指购买破产或濒临破产组织的股票或债券的人们。 7．butterfly spread蝴蝶差：同时在相同或不同的市场上买或卖三种期货合同，产生利润和借贷权。 8．Chinese Wall中国墙：不可逾越的障碍物，用以阻止华尔街商行的交易区 不公正地使用投资银行家们从客户那里秘密获得的信息。 9．fallen angle下坠天使：大公司的高价证券因某些不利的负面消息而使价格突然下跌。 10．golden handcuffs金手铐：将经纪人和经纪人事务所连结起来的合同；是经纪业对经纪人从一个公司到另一个公司频繁变动的反应。一般包括将其受雇时接受的大部分报酬返还原公司的协议。 11．gold brick假金砖：毫无价值的带有欺诈特点的证券。 12．gray knight灰骑士：公司收购中并非收购对象所寻求的投机性二次投标者，只想利用收购对象和原投标者之间的问题而牟利。 13．graveyard market墓地市场：一种在其中的不能出来，而在外面的不能进去的证券市场。 14．lame duck跛脚鸭：冒险失败的投机者或股票交易中资不抵债的人。
金融专业英语简答
Answer the questions 1、What are the ways by which the money flows from individual surplus units to deficit units? financial markets facilitate the flow of funds from surplus units to deficit units. Those financial markets that facilitate the flow of short-term funds (with maturities of less than one year) are known as money markets. Those that facilitate the flow of long-term funds are known as capital markets. Debt bond stock fund deritives 2、How does the level of tax, do you think, affect the demand of household for loanable funds? (please explain by pictures) if tax rates on household income are expected to significantly decrease in the future, households might believe that they can more easily afford future loan repayment and thus be willing to borrow more funds. For any interest rate, the quantity of loanable funds demanded by households would be greater as a result of tax law adjustment. This represents an outward shift in the demand schedule. tax rates on household income (income tax decreases →the line of household demand moves right) 3、What is the relationship between the government demand for loanable funds and interest rate? (explain by pictures) Whenever a government’s planed expenditures cannot be completely covered by its incoming revenues from taxes and other sources, it demands loanable funds. The way to obtain fund: Municipal (state and local) governments issue municipal bonds to obtain funds, while the federal government and its agencies issue Treasury securities and federal agency securities Interest-inelastic (insensitive to interest rates): federal government expenditure and tax policies are generally thought to be independent of interest rate. Thus the federal government demand for funds is said to be Interest-inelastic, or insensitive to interest rates. In contrast, municipal governments sometimes postpone proposed expenditures if the cost of financing is too high, implying that their demand for loanable funds is somewhat sensitive to interest rates. ?Like the household and business demand, the government demand for loanable funds can shift in response to various events. Deficit increases →move right Exhibit 2.3 impact of increased government budget deficit on the government demand for loanable funds 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