金融英语第六章答案
Chapter 6
The Foreign Exchange Market
Exercises
Ⅰ. Answer the following questions in English.
1. How many common methods to express a foreign exchange rate?
Answer:There are two common methods to express a foreign exchange rate.
2. What is usefulness of settling account?
Answer:Business people will pay and recieive different currencies.Therefore, they must convert the currencies that they received into the currencies that
they could buy commodities.
3. How does stop order work?
Answer: Stop orders can be used to enter the market on momentuma or to limit the potential loss of a position.
4. What do you think about single currency system? Is it possible to establish
single currency system in the world now?
Answer：I think a single currency system，it means no foreign exchange market，no foreign exchange rates，no foreign exchange．
It is no possible to establish single currency system in the world now. Because in our world of mainly national currencies，the foreign exchange market plays the indispensable role of providing the essential machinery for making payments across borders，transferring funds and purchasing power
from one currency to another，and determining that singularly important price，the exchange rate．
5. What is limit order?
Answer: A limit is an order to buy or sell a currency at a specified price or better.
6. How to make money for many traders through foreign exchange market?
Answer：(一)You should have trading currencies with a strategy.
(1) Currency Trading is Only For Part of Your Investment Money
(2)You Must Limit Your Losses in Currency Trading
(3)Know the Trends of the Foreign Currency Market Before Trading
（二）Decide What Type of Currency Trader You Will be.
(1)Trade currendes in multiple lots
(2)Lose the urge to trade currencies every day
(3)Stick to your trading plan
Ⅱ.Fill in the each blank with an appropriate word or expression.
l. The currency trader should also decide the time __frame__ that he will be using to trade in order to determine which trend will be the most important. 2. The bid is the price at which dealers are willing to __buy__ dollars (base
currency) in terms of yen (quote currency) and users of our trading platform can __sell__ dollars in terms of yen.
3. The order remains active until the end of the trading day (5:00 PM EST),
unless it is __executed__ or canceled by the trader.
4. A GTC order remains active until it is canceled by the currency trader or until
the order is executed. It is the __trade’s__ responsibility to __cancel__ a
GTC order.
5. The Foreign Exchange Market is where the majority of buying and selling of
world __currencies__ takes place.
6. When placing a limit order, the trader also specifies the__duration__ for which
the order is to remain active while it is not executed.
Ⅲ.Translate the following sentences into English.
1.外汇交易市场，也称为“Forex”或“FX”市场，是世界上最大的金融市场，平
均每天超过1兆美元的资金在当中周转——相当于美国所有证券市场交易
额总和的30倍。
Translation: The Foreign Exchange market, is also called “Forex” or “FX” market.It is The largest financial market in the world with trading volumes surpass USD 1 million on Average day --the equivalent of turnover trading securities market
30 times the sum of the forehead.
2. “外汇交易”是同时买入一对货币组合中的一种货币而卖出另外一种货币
外汇是以货币对形式交易，例如欧元/美元(EUR／USD)或美元/日元(USD/
JPY)。
Translation:"Foreign exchange" transaction involves the simultaneous buying
One currency and selling of another. Foreign exchange trade with “currency pair”,such as the euro/dollar (EUR/USD) or dollar/yen (USD /JPY).
3. 外汇交易市场是一个24小时全球交易市场，市场交易每天从悉尼开始，并
且随着地球的转动，全球每个金融中心的营业日将依次开始，首先是东京,
然后是伦敦和纽约。
Translation:The Forex market is a 24-hour globle trading market,it is begin to Sydeny and following the earth’s turning. Every globle financial center will work in turn. At first is tokyo, and then London and New York.
4. 外汇交易投资者可以对无论是白天或者晚上发生的经济、社会和政治事件
而导致的外汇波动而随时反应。
Translation:Foreign exchange trading investors can no matter it's day or night happened to the economic, social and political events in currency fluctuations and response at any time.
5. 外汇交易市场是一个超柜台(OTC) 或“银行内部”交易市场，因为事实
上外汇交易是交易双方通过电话或者一个电子交易网络而达成的，外汇交
易不像股票和期货交易市场那样，不是集中在某一个交易所里进行的。
Translation:The foreign exchange market is over the counter (OTC) or interbank market, because in fact foreign exchange is traded through telephone lines or electronic trading networks and achieve, foreign exchange trading is not like the stock and futures market, it is not focused on a trading in exchange.
6. 在外汇交易中您会看到一个两边的报价，由买价与卖价组成，买价是在此
价格上您拟卖掉基础货币(同时买进相反货币)。卖价是这个价格，在此价
格上您可以买进基准货币时卖掉相反货币。
Translation: In the trading of foreign currency you will see a on both sides of the
offer, the bid price and ask price, bid price is the price you sell to base currency (at the same time buy counter currency). Ask price is the price you buy base currency and sell counter
currency
IV. Translate the following sentences, into Chinese.,i
1. The foreign exchange market is a place to trade foreign exchange currency, or
it is also a place for the transaction of all foreign currency. Translation:外汇交易市场是一个外国货币交易的市场，也是所有外国货币交换的地方。
2. A foreign exchange rate is the relative value between two currencies. In
particular, it is the quantity of one currency required to buy or sell one unit of the other currency.
Translation: 外汇汇率是对两种货币间的相对价值。尤为重要的是,它是买卖一单位另一种货币所需这种货币的数量单位。
3. Where U.S. dollars are not used to express an exchange rate, the term "cross
rate" is usually used to express the relative values between two currencies. Translation:在美元被用来表示汇率的地方,“交叉率”这个术语通常用来表示两种货币间的相对价值。
4. If an online currency trader wants to survive in the business, he must learn to
limit his losses. This is one of the keys to smart money management. Translation:如果一个网络货币交易者要持续的交易，他必须学会止损。这是一个作为聪明的理财者的关键。
5. It is safer to get into a currency position in multiple lots than to do it all at
once.
Translation:整买整出进入货币岗位比一次次做这个更安全。
6. The Forex market itself consists of a worldwide network of primarily interbank
traders connected by telephone lines and computers. FX traders constantly negotiate prices between one another and the resulting market bid/ask price for
a particular currency is then fed into computers and displayed on official quote
screens.
Translation:外汇市场的组成是全球网络银行交易员主要通过电话线和计算机连接。
外汇交易者之间不断相互协商价格,以及以由此产生的市场买入/卖出价为特定的货币，
然后送入计算机并显示在屏幕的官方报价。
《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，