金融专业英语练习
金融英语练习题答案
金融英语练习题答案对于金融从业者和学习金融专业的学生而言，加强对金融英语的练习和理解是非常重要的。
下面将提供一些金融英语练习题的答案，并解释相关的金融术语和概念，帮助读者更好地掌握金融英语知识。
1. What is the meaning of IPO?IPO stands for Initial Public Offering. It refers to the first sale of stock by a company to the public. It is often used by private companies to go public and raise capital for various purposes, such as expanding their business or paying off debts.2. What does ROI stand for?ROI stands for Return on Investment. It is a measure used to evaluate the efficiency or profitability of an investment. ROI is calculated by dividing the net profit of an investment by the initial cost of the investment and expressing it as a percentage.3. What is a bull market?A bull market refers to a financial market characterized by rising stock prices and optimistic investor sentiment. It is associated with strong economic growth and positive market trends. In a bull market, investors are generally confident and willing to buy stocks, anticipating further price increases.4. What is a bear market?A bear market is the opposite of a bull market. It refers to a financial market characterized by falling stock prices and pessimistic investor sentiment. It is associated with economic downturns and negative market trends. In a bear market, investors tend to sell stocks to avoid further losses, leading to a downward spiral of prices.5. What is the difference between stocks and bonds?Stocks represent ownership in a company, while bonds represent debt issued by companies or governments. When an individual purchases stocks, they become a shareholder of the company and have the potential to earn dividends and capital gains. On the other hand, bonds are considered loans made by investors to the issuer, and they earn fixed interest payments over a specified period.6. What is diversification?Diversification is a risk management strategy that involves spreading investments across different assets, sectors, or regions to reduce exposure to any single investment. By diversifying their portfolio, investors aim to minimize the impact of potential losses from any individual investment and increase the likelihood of achieving positive returns overall.7. What is a hedge fund?A hedge fund is an investment fund that pools capital from accredited investors or institutional investors and uses various strategies to generate high returns. Hedge funds typically have more flexibility and can invest in a wide range of assets, including stocks, bonds, derivatives, and currencies.They also tend to use leverage and alternative investment techniques to achieve their investment objectives.8. What is a credit rating?A credit rating is an assessment of the creditworthiness of a borrower, such as a company or government, which indicates the likelihood of defaulting on its debt obligations. Credit rating agencies assign ratings based on various factors, including financial stability, repayment history, and market conditions. The ratings range from AAA (highest quality) to D (default).以上是对金融英语练习题的解答以及相关金融术语和概念的讲解。
《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 MOFis 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 crisisof 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%。
金融英语练习答案
金融英语练习答案:Lesson 1I. 1.need 2.specialization 3.double coincidence of wants 4.exchange rate 5. money6.medium of exchange7. Commodity money such as cornmodity / common standard value9. store of wealth 10.parchasing power 11.Banknotes. 12.Fiduciary money 13.redemption rate 14.Fiat money 15. legal tender 16.fiduciary money 17.paper money 18.price level 19.reserve rax 20. checkII Translation:1.Money mainly serves three functions :a medium of exchange, a standard of value and a store ofwealth.2.The greater the specialization in the division of labor increased ,the more difficult in finding goodsthat have a double coincidence of wants.3.The value of money is reflected by its purchasing power.4.Fiat money is declared legal tender by the government ,meaning that creditors must accept it aspayment for debt.5.The bearers/holders of fiduciary money may require bank to redeem for gold or other valuablecommodity.6.The fractional reserve banking system requires the banks to keep certain reserve ratio.7.The money that most countries in the world use today is fiat money.8.The wide application of fiduciary money reduces that cost of transactions.9.There were several metals which have been used as commodity money in the history, such as iron,copper, gold ,silver and so on.10.The value of fiat money lies in that people believe that it can be exchanged for commodity andservice.Lesson 2:I.1.investors 2.consumoption / saving 3.enterprises 4. savings 5.investment 6.home7.loan 8.deposit 9.uill rise 10.fallII1.The interest rate refers to the ratio of the interest amount to the proceeds deposited and loaned in agiven period.2.Interest is the price of capital; which is like the market price for general commodity .Theoretically ,itis determined by demand and supply.3.China’s interest rate has been adjusted and reformed for several times .Before 1978,the policy ofgradually rising interest rate was adopted.4.The mutual relation of all kinds of interest rate comprises the structure of interest rate. Generally ,theinterest rate of longer tenor is higher than that of shorter tenor in terms of the same kind of interest rate.5.Among various interest rate, the interest rate for deposit is lower that for loan; the interest rate offeredby commercial bank is higher than discount rate offered by the central bank.6.At present ,China’s interest rate system consists of the interest rate of bank, non-bank financialinstitution, portfolio and market.7.The discount rate offered by central bank refers to the discount rate for the instrument held by thecommercial banks. it reflects the redemption rate for the amounts of rediscount instrument.8.Due to free competition ,the demand and supply of currency borrowing and lending tend to bebalanced out through market mechanism .in this case ,the market interest rate is called equilibrium rate.9.The bond interest rate is interest rate paid by the government, banks and corporation for theaccommodation in the form of issuing, securities in domestic or foreign financial markets.10.The interest rate for corporate bond is basically determined by the bond issuing corporation itself, butthe government exercises control by setting the ceiling.Lesson 3:I.1.Firrancial intermediary 2.demard deposit /checking account 3.savings and loan associations, mutual savings bank and credit union. 4.Federal reserve system ernment securities/require that member banks hold reserves equal to some fraction of their deposits. 6.Feder Reserve Board 7.Federal Open market committee 8.reserve requirements 9.the ceiling 10. interest rate level 11.portfolios 12.outstanding loans 13.were deregulated 14.deposit insurance 15.merge with other banks 16. automatic teller machines 17.By pooling funds of many share holders 18.branches 19.The banking holding company 20.financialII1.Federal Reserve System was established in 1914,with its aim to stabilize the banking system. thepower of the Federal Reserve System was enhanced and centralized after the failures of many American banks in the Great Depression. The Arts passed in1980s authorized the Federal Reserve System with the power to regulate all the saving institutions. The main powers of Federal Reserve System were:(1)guide the transactions of open market so to control supply of money by buying and selling government securities,(2)determine the reserve requirements for saving institution (3)setting rediscount rate.2.The banking regulations in Great Depression made bank a trade that closely controlled andpredictable. But the high interest rate in 1970s disturbed the peaceful days of saving institutions. But many banks still couldn’t survive in the transive period of keen competition.Lesson 4:1.as a result of /helped to /by the time2.concerned about/at the outset3.offerd to take/in dollars/departure fromTransaction account is checking account which can write checks on deposits balance. They have three forms, the first one is “Demand Deposit”which banks don’t pay explicit interest; the second one is “ other checkable deposits”, which includes NOW(Negotiable Order of Withdrawal)accounts; the third one is Money Market Deposit accounts. Although banks can’t pay explicit interest on demand deposit, they can pay implicit interest in the form of proving free services. Different from NOW accounts, commercial banks don’t need to maintain reserves, so banks pay higher interest on the NOW accounts. At present, transaction account is the second largest debt form of the commercial banks.Lesson 5I1.as well as 2.in total assets 3.intermediate 4. title 5.an agent 6.Financial instruments 7.pay 8.as par 9.documentary letters of credit 10.prof-of –shipment documents . 11. HedgingII. Translation:Lesson 6I.1.bank 2.discount 3.buyers/sellers 4.short-term 5.borrowing/lending 6.deposits7.brokers 8.loans 9.linked 10.marketII Translation:1.The activities of money market mainly aim at keeping the liquidity of assets so that they can bechanged into cash on demand.2.On one hand, the money market meets the demand for short-term money of borrowers, one the otherhand, it finds a way out for lenders who have temporary excessive money.3.The Financial instruments of money market mainly are short-term treasury bill, commercial bill, bankacceptance, certificate of deposits, the tenors of these instruments range from one day shortest to one year longest.4.The participants of buying and selling short-term assets in the money market are individuals, businessfirms, various financial institutions, and governments. They act either as the provider of funds or as the demander of funds.5.As the intermediary of money market, various financial institutions have different functions inaffecting the demand for and supply of funds in the capital market, because their stress of importance on business if different.6.The commercial banks provide the money market mainly with short-term loans mainly with themoney obtained from deposits and other sources.7.In many countries, commercial banks are in the position of key importance in the money market,while the central bank controls commercial banks by various means so as to control money market. 8.Just as a country can’t be without a government, the money market can’t be without a central bank,whose activities in money market will affect the volume of money and interest rate at any time.9.The inter-bank market refers to the market where financial institutions solve the problem of excessiveor short of money by financing one another.10.With the development of the reform of financial system in our country, the inter-bank markets startedto develop rapidly.Lesson 7I.1.firms 2.inter rate /exchange 3. regional exchange 4.negotiable 5.exchange6.bond7.funds8.outstanding9.brokers 10.dealers.II. Translation:1.According to the situation of various countries, the issuance of government bonds adopts the methodof raising money from public, which can be divided into direct and indirect ones.2.The government bonds outstanding are not all held by individuals, but by the government units,financial institutions and the public commonly.3.The government should keep a stable increase for the issuance of securities, if the market price for thegovernment bonds often fluctuate, the investors will be reluctant to hold the government bonds.4.Corporate bonds are the certificates that the business owes to the public, it is the issuing corporationthat makes a promise to pay certain amount of money plus interest at a fixed date in future.5.The better the credit standing of a company, the longer maturity of the bond is ,but the solvency ofcorporate bonds cannot be compared with that of government, so the longest tenor of corporate bond will not be very long.pared with stock investment, the holders of corporate bonds can only have the interest income asthe fixed reward for the investment, but they can’t share the profit of the corporation like share holders.pared with stocks, corporation bonds have lower risks, but the safety can’t be compared to that ofgovernments bonds, that’s why the return ration is always higher than government bonds.8.With the rapid development of capitalist industry, shareholding corporation system becomesirresistible trend.9.The price of stocks are of substantial fluctuation, which makes investment of stocks very speculative.10.The market price of stocks is subject to the status of operation, allocation of profits, as well as to theeconomical, political social factors that make the price of stocks more volatile.Lesson 8I. 1.foreign 2.activities/lend 3.standing 4.role 5.independent 6.consortium banks7.money 8.bond 9.subsidiary 10.EurocurrencyII. Translation:1.In most countries, commercial banks all establish international department or foreign department inorder to deal in foreign exchange or to raise money for foreign trade.2.Due to the development of international banking business and the establishment of the bank’soverseas network organization, commercial banks of western countries become real multinational banks.3.The international network of the multinational bank includes branch, subsidiary, correspondent,resident representative and so on.4.The activities of the multinational bank through exclusive international network are retail deposit,money market activities, foreign trade financing, corporation loans, foreign trade business, investment business, trust business and so on .5.Because most of the clients of the multinational bank are large corporations and banks, they mainlydeal in retail deposits with few retail loans.6.The multinational banks put surplus money into money market when the demand is low, but raisemoney when demand is on rise.7.The tenor of foreign trade financing is usually short with high return, mostly denominated in thecurrency other that of the country where the bank locates.8.Corporation loans refer to the loans given to private business, state-owned business, especially to themultinational corporation.9.Foreign exchange business includes buying and selling foreign exchange and hedging conducting inforeign exchange market for the clients.10.Investment business refers to the underwriting of international securities and the distribution activities,as well as advisory service for customers and governments in the issue of securities.Lesson 9I.1.short-term 2.medium-term /long-term 3.restrictions 4.deposits 5.absence6.Euro currencies7.borrowers abroad8.entities9.deposits 10. convertibleII. Translation:1.Eurodollar refers to the deposits denominated in US dollar in various banks outside USA andEuropean branches of American banks, as well as the loans obtained by these banks.2.Off-shore money market is concentrated by Eurocurrency market , which is habitually called theEurodollar market, because the currency traded in this market is mainly Eurodollar.3.Eurobanks deal in Eurocurrency business which is strictly separated from domestic banking.4.London in the largest Eurodollar market, engaging in both deposit and loan, with huge volume oftransactions.5.Eurobank’s business usually not subject to local banking rules, such as deposit rate and maturity,therefore, banks can compete freely to attract customers.6.The interest rate for Eurodollar deposit is higher than for US domestic deposit since there is noreserve requirement for Eurodollar deposit nor premium insurance.7.The emergence of Eurodollar is due to the deficit of American balance of payments The accumulationof huge deficit and the outflow of large amount of US dollar resulted in substantial increase of Eurodollar deposits.8.The brokers or dealers of American stock Exchange often borrow Eurodollars from Eurodollarmarket.9.The Eurodollar market is a short-term wholesale market of inter bank, it functions in Europe asproviding banks with liquidity like the federal fund market in USA.10.Banks put the money in the Eurodollar market when the liquidity is excessive and borrow moneywhen the liquidity is in squeeze.Lesson 10I. Part(1)1.the creation of money 2.cooperative /voluntarily 3.external/economic reforms4.the par value system5.on demand6.stable/predictable/disadvantages7.float8.quota subscriptions 9.needy/favorable 10.buying power/importsPart(2)1.subsidize 2. internal 3.bargain 4.peg 5.payments 6.assistance/sufficient7.stabilizing/strengthening 8.repay/repayment period 9.effectively11.lower/export/governmentII. Translation:1.The fund shows great concern over the internal economic policies of its member countries.2.The Fund is a cooperative institution, overseeing/supervising and monitoring the foreign exchangepolicies its member countries.3.The exchange of currency is the center of financial connection/relation among various countries, aswell as a dispensable tool of world trade.4.Due to constant fluctuation of exchange rate for major/leading currency, the dealers of foreignexchange may gain profit or suffer loss.5.The convertibility of currencies facilitates tourism, trade and investment in a worldwide scale.6.By analyzing the wealth and economic status of each member the fund determines the quotasubscription for each member. The richer the country is, the higher quota it Subscribes.7.Since the abandonment of the par value system, the membership of the Fund has agreed to allow eachmember to choose its own method of determine an exchange value for its money.8.Man large industrial nations allow their currencies to float, other countries peg the value of theircurrency to that of a major currency of a group of currencies so that, for example, as the U.S. dollar rises in value their own currencies rise too.9.The source of finance of the Fund mainly comes from the quota subscription of its member countriesat the same time, the Fund also borrows money from member governments or their monetary authorities.10.The Fund lends money according to regulation to the member countries with a payments problem,due to their expenditure in foreign exchange exceeding income.Lesson 11I. Part(1)1.catalyst 2.equity 3. creditworthy 4.reschedule/made 5.carry6.fourfold7.share8.foreign exchange9.attained 10.indexPart(2)1.productivity 2.affiliates 3.self-sustaining 4.call up 5.quota/economic strength6.a third/raised7.politicalitary/political9.enjoined 10.indexII Translation:1.The IBRD has more than 140 member countries, which all subscribe quotas to the bank.2.The IBRD gives loans only to creditworthy borrowing countries for the project that has a high realrates of economic return.3.The IDA gives loans only to poorest countries with a annual GNP per capita lower than $795.Actually, 80% of IDA’s loans are given to the countries with annual per capita GNP lower than $410.4.The IDA gives loans only to the government of the borrowing countries, with maturity of 50 years(repayable over 50 years) with grace period of 10 years, no interest.5.In the past decade, the volume of the IBRD’s loans have increased by fourfold.6.The IBRD has helped to develop agriculture, improve education, increase the output of energy,expand industry, create better urban facilities, promote family planning, extend telecommunications network, modernize transportation systems, improve water supply and sewerage facilities, and establish medical care.7.It’s hard to say that the IBRD’s decisions on loans are not influenced by the political character of theborrowing countries.8.Some of the earliest borrowing countries of the IBRD have graduated from the reliance on the IBRD’sloans, in return they become the provider of the IBRD’s finance source.9.The IBRD and IFC jointly provide funds for many projects.10.The more quota the member country subscribes, the more votes it gains.Lesson 12I . Part(1) 1.foster 2.raise 3.subregional/regional 4.multilateral 5.cost-effective6.evaluation7.weighted8.proportional9.paid in 10.developrnental Part(2) 1.equity 2.private 3.subscriptions 4.installment 5.subscribed6.coordinate7.procurement8.absorb9.pooling 10.bidsII. Translation:1.The purpose of the ADB is to provide fund and technical assistance to its developing membercountries in the Asia-Pacific region and to promote investment and foster economic growth.2.The shortage of capital, lack of skilled labor, poor technology, limited markets and the vagaries ofnature have impeded the economic development of the developing countries.3.The Bank’s Charter provides that the capital owned by the Asia-Pacific member countries should notbe less than 60% of total equity.4.Multilateral institution plays an important role in the economic development.5.The projects for bank financing are identified after strictly evaluated.6.The ADB keeps close working relationship with the United Nations as well as all kinds of specialinstitution.7.Some member countries in Asia-Pacific region voluntarily increase their subscriptions.8.The main subscribers of the ADB have no veto. In practice, decisions are reached by process ofdiscussion rather than by voting.9.The capital structure of the ADB is crucial/vital key to its loan/financing capacity.10.The ADB is authorized to make and guarantee loans to its member countries.Lesson 13I 1. surplus 2.surplus 3.deficit 4.capital 5.demand 6.supply 7.supply/demand8.outstanding 9.demand 10.supplyII. Translation:1.Just as a country’s domestic economy should have a financial record, a country’s authority should alsohave a statistical summery for all the external economic and financial transaction of its residents.2.The content of the balance of payments concept differs in different historical stage.3.In narrow sense, the balance of payments is defined as the receipts and payments arising frominternational trade or receipt and payments in foreign exchange.4.The balance of payments is a kind of statistic statement in the given period, which reflects thetransactions of goods, services and incomers of an economy.5.The statement of balance of payments is a kind of material that statistical financial transactions in thegiven period according to the form stipulated by IMF.6.The items entering into credit includes goods and services provided from abroad and so on.7.The items entering into debit includes goods and services obtained from abroad and so on.8.Receipts and payment arising from international trade is the most important item in current account,which comprise export and import of various commodities. Generally, the export and import of commodities account for the biggest proportion in the international transactions.9.Capital account reflects the changed of a country’s foreign assets and liabilities. The financial assethere doesn’t include monetary gold and Special Drawing Rights.10.In order to alter the deficits of our country’s balance of payments, the government adopts a series ofpolicies and measures, for examples, reduce domestic basis construction, adjust the structure of exporting and importing commodity, improve the environment for foreign investment, lower the exchange rate of our currency to the main currencies in the world, and so on.Lesson 14I .1.strike 2.The exchange rate 3.bank deposits 4.coordinates5.Arbitraggeurs6.discrepancies7.depreciation8.appreciation9.foreign exchange market 10.speculatorsII. Translation:1.It’s vitally important for those who are engaged in international finance to be aware of the tender offoreign exchange market.2.As long as the foreign exchange floats, there always exist the risks of change of foreign exchange rateand interest rate.3.The arbitrageurs make profits by taking advantage rate across markets to buy low and sell high.4.The buyers and sellers come to an agreement of transaction according to the exchange rate of twocurrencies.5. A greater demand for foreign goods and services means a greater demand for foreign exchange.6.The view that the price of us dollar will fall might note be wrong.7.If more people want to exchange pound into US dollar, the change of exchange rate is favorable to USdollar, and unfavorable to pound when the demand exceeds the supply.8.If the supply of certain goods is excessive, the demand for the goods will go down/decline.9.To devaluate a country’s currency can encourage export.10.There are tow ways to express foreign exchange rate.Lesson 15I. Part (1) 1. fluctuate 2.predictable 3.Capital flows 4.manufactured 5.speed6. refinements7.open/bonds/exchange8.devaluation9.nominal10.halvePart(2) 1.devalues 2.priced 3.demand 4.expectations 5.profit 6.fund7.closed 8.reduces 9.real 10.verticalII. Translation:。
金融专业英语参考[五篇范文]
![金融专业英语参考[五篇范文]](https://img.taocdn.com/s3/m/2cd6c9fe7e192279168884868762caaedd33baa4.png)
金融专业英语参考[五篇范文]第一篇：金融专业英语参考金融专业英语一、选择题（一共10题，每题2分，共20分）第8题和第16题替补再后面。
1.Only what happens if the supply is less than demand?（actual price is higher than the equilibrium price）2.When the Consumer income and established conditions for commodity prices is still, consumers can buy the two commodities to the greatest number of combinations.What did the Line call?（consumption may Line）3.Opportunity cost:（Measures the cost of doing “x” in terms of what else might be done）4.The normal downward slope of demand curves is necessarily explained by:（Limited spending power）5.For a closed two-good economy, the output of the two goods should be at the point where:（The highest indifference curve touches the production possibility curve）.The “J-curve” shows that following depreciation:（The cost of imports rises immediately from the price effect, worsening the current account bal-ance, but later quantities of imports and exports respond and the current account balance im-proves）7.Which of the following statements about standby letters of credit is true? :（They can serve as a guarantee to a buyer against a seller defaulting）8.What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements?（Total liabilities due to creditors at the end of the period）*8&16.Which of the following is not a characteristic of a competitive industry?(There is a fierce price war among rivals.)9.Which of these best describesthe U.S.Federal Reserve?（Responsible for monetary policy/money supply）10.What is the basic purpose of profits in our market economy?（Lead businesses to produce what consumers want）11.Which of the following will NOT cause a shift in the demand for baseballs?(An increase in the price of baseballs)12.Decreasing returns to scale may arise from(Inefficiencies in management)13.If the marginal rate of technological substitution(MRTS)is more than the price ratio of labor over capital(w/r), then to minimize cost the firm should Decrease the input of capital and increase the input of labor.14.The price of a good changes, both the substitution effect and the income effect reinforce each other, then the good is a(n)(Normal good)15.What market is the Most in need of the advertising?(Competitive monopoly market)16.American economist Modigliani’s life-cycle hypothesis is that:(Work time after retirement savings for the consumer finance)17.According to the rules of debit and credit for balance sheet accounts:(Decreases in asset and liability accounts are recorded by credits)18.Individuals will accept the medium of exchange in return for goods and services only if they are confident that:(They can exchange it for gold)19.The prices of meat products in a competitive market are determined by:(Supply and demand)20.Which one of the following is most likely to improve the wages of American workers?(An increase in productivity)二、阅读题（一共5题，每题4分，共20分）Reading A:Laura James is the head portfolio manager for national Fund 1.Assume an industry exhibits tendencies of “regression toward the mean.”This could mean all of thefollowing EXCEPT:（Profits increase as firms enter the industry）2.In a recessionary environment, an automaker such as Ford would be expected to:（Produce lower end vehicles）3.Assume domestic automakers are growing at a rate of –2%.Ford expects to increase its market share by 0.5%.What is Ford’s growth rate?（–1.51%）(1 + growth of firm sales)=(1 + growth of industry sales)x(1 + fractional change of market share)= 0.98 x 1.005= 0.9849Growth of firm sales = –1.51%4.Suppose instead that Ford’s growth of firm sales is expected to be –3% and the growth of industry sales is 1%.What is Ford’s expected change in market share?（-4%）0.97 = 1.01 x(1 + x)0.9604 = 1 + x–3.96% = x5.Which of the following scenarios would be most likely to have a positive impact on Ford’s market share?（An increase in its marketing budget）Reading B:Liquidity is a measure of how quickly an item may be converted to cash.1.Long-term assets are all assets other than current assets.(Doesn’t say)2.Supplies are less liquid than accounts receivable, and furniture and buildings are even less so.(Right)3.People are interested in liabilities on the balance sheet because it is relatively liquid.(Wrong)Reading C:Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans.4.An industrial corporate can meet its financial needs by seeking funds from the capital markets.(Right)5.Nowadays a private business usually obtains its workingcapital through a commercial bank.(Wrong)6.In the UK commercial banks often raise funds by issuing bands and stocks.(Doesn’t say)三、简答题（一共8题，每题5分，共40分）需要先把题目翻译成中文，用英语回答内容。
金融英语业务知识练习试卷1(题后含答案及解析)
金融英语业务知识练习试卷1(题后含答案及解析) 题型有： 2. 单项选择题单项选择题1．Which of the following would be considered a disadvantage of allocating resources using a market system?______.i. Income will tend to be unevenly distributed.ii. Significant unemployment may occur.iii. The wastage of scarce economic resources cannot be prevented.iv. A misallocation of resources may occur where there is a discrepancy between private and social costs.A．iv onlyB．i and iiiC．ii, iii and ivD．i and iv正确答案：C解析：答案为C项。
尽管市场经济有众多优势，能够实现资源的有效配置，但它也有缺陷，如广义收入的分配问题、缺乏公共物品以及对外在性问题的忽略等。
本题除i不是市场经济进行资源配置的缺陷外，其余都是。
故本题选C项。
知识模块：金融英语业务知识2．Which of the following is not a factor of production according to economists?______.A．LandB．LabourC．EntrepreneurshipD．Trademark正确答案：D解析：答案为D项。
factor of production“生产要素”。
经济学家一般将其划分为劳动(labour)、土地(land)、资本(capital)和企业家才能(entrepreneurship)。
金融英语练习题(附答案)
Multiple Choice1. The People’s Bank of China shall have the power to demand financial institutions to submit balance sheets, statements ofD and other financial and accounting reports and materials in pursuance of regulations.A. accountB. financial positionC. cash flowD. profit and loss2. A credit card such as Visa will D .A. gurantee chequesB. enable the holder to cash cheques at any bankC. enable the holder to buy goods on creditD. enable the holder to buy goods, up to certain amounts, on credit from certain persons3. Foreign trade can be conducted on the following terms except for DA. open accountB. documentary collectionC. documentary creditsD. public bonds4. Customers trading abroad in foreign currencies may protect against the exchange risk by arranging C .A. a contract of international sale of goodsB. a contract of marine insuranceC. a forward contract to fix the exchange rate in advance5. The danger to the exporter in open account trading is that by surrendering the shipping documents to the importer, heB before he has obtained payment for them.A. is in control of the goodsB. losses control of the goodsB. retain control of the goods D. gives up control of the goods6. Leasing is an arrangement whereby one party obtains on a long-term basis A which belongs to another party.A. the use of a capital assetB. the use of a current assetC. the use of working capitalD. the use of current liabilities7. From a Chinese bank’s point of view, the currency account which it maintains abroad is known as , while a RMB account operated in China for a foreign bank is termed B .A. a vostro account, a nostro accountB. a nostro account, a vostro accountC. a mirror account, a nostro accountD. a vostro account, a mirror account8. Find the interest on US $65,000 for 14 days at 3 percent per annum.B .A. US $37.91B. US $75.83C. US $113.74D. US $227.499. Which of the following can not be included in the functions ofmoney?D 。
《金融专业英语》习题集
Chapter One Functions of Financial Markets一．Translate the following specialized terms into Chinese1.China’s banking industry is now supervised by the PBC and CBRC. In addition, the MOFis in charge of financial accounting and taxation part of banking regulation and management.1。
中国银行业现在由央行与银监会监管。
此外，财政部是在财务会计和银行监管和管理税务部主管。
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.2。
目前中国基金管理公司从事以下业务：证券投资基金，委托资产管理，投资咨询，全国社会保障基金的管理，企业年金基金及QDII业务。
3.China's economy had 10% growth rate in the years before the world financial crisisof 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.3。
金融英语练习第一章
金融英语练习第一章姓名_____________________ 学号：_____________________1. Complete each statement of the following with the best one:1. In order to facilitate purchases in the future, we require a commodity that can be used asA. a store of valueB. a legal tenderC. a medium of exchangeD. a standard of deferred payment2. Because of the functions of a store of value and a unit of account, a debt stated in dollars can be repaidA. with any commodities as you likeB. to meet the needs of the sellerC. in money at a later date plus interestD. at any time if we have the currency3. The extent to which money can be “socially acceptable” depends onA. the value of the commodity used as moneyB. people’s confidence in using or owning moneyC. what is selected as moneyD. standard of unit of value4. A government bond states the face value in terms of dollars and when the bond matures, the government pays the bondholder the face value of the bond in dollars, which is the function of ____ of money.A. medium of exchangeB. a unit of accountC. store of valueD. standard of deferred payment5. If you want to store money for future purchases, you can __ unit there is a need.A. leave it in a bank accountB. exchange it for other types of commodityC. trade it for valuablesD. defer the payment6. The production of money should be restricted either through legislation or a limited supply because ____ if anyone could produce money with little cost.A. it is not safe to have too much moneyB. money is too easy for people to produceC. money would lose its value as a medium of exchangeD. money would not be accepted universally7. The Fed places the MMDAs and MMMFs in ___ along with savings and time deposits in consideration ofthe two forms of money mainly used for savings and only secondarily for transactions.A. M1B. M2C. M3D. reserves8. Much attention is focused on the rate at which the money supply grows because money growth ___ inflation,unemployment, and general economic activity.A. determinesB. encouragesC. promotesD. influences9. Currency, coins, and demand deposit in commercial banksare used primarily for transactions or as _____A. a reserve of the loansB. a measure of money supplyC. a medium of exchangeD. a fixed asset10. ____ is the most closely watched of the three measures of the money supply.A. M1B. M2C. M3D. Ms11. Suppose a bank has a 10 percent reserve ratio, $5,000 in deposits, and it loans out all it can given the reserveratio.A. It has $50 in reserves and $4,950 in loans.B. It has $500 in reserves and $4,500 in loans.C. It has $555 in reserves and $4,445 in loans.D. None of the above is correct.12. The reserve ratio is 5 percent and a bank receives a new deposit of $500, this bankA. must increase its required reserves by $25.B. will initially see its total reserves increase by $500.C. will be able to make a new loan of $475.D. All of the above are true.13. When a bank loans out $100, the money supplyA. does not change.B. increases.C. decreases.D. may do any of the above.14. An open market saleA. increases the money supply.B. doesn't change the money supply.C. decreases the money supply.D. has an indeterminate effect on the money supply.15. The balance sheet for the following three questions.First Bank of ErehwonAssets LiabilitiesRequired Reserves $20.00 Deposits $100.00Loans $80.00⑴. The reserve ratio isA. zero percent.B. 20 percent.C. 80 percent.D. percent.⑵. If $1,000 is deposited into the F irst Bank of Erehwon,A. liabilities will decrease by $1,000.B. assets will increase by $1,000.C. total reserves will initially increase by $200.D. required reserves will increase by $800.⑶. If the reserve ratio is 12.5 percent, then $5,600 of money can be generated byA. $64 of new reserves.B. $448 of new reserves.C. $700 of new reserves.D. $800 of new reserves.16. Under a fractional-reserve banking system, banksA. hold more reserves than deposits.B. generally lend out a majority of the funds deposited.C. cause the money supply to fall by lending out reserves.D. All of the above are correct.17. When a bank loans out $1,000, the money supplyA. does not change.B. decreases.C. increases.D. may do any of the above.18. If the reserve ratio for all banks is 12.5 percent, then $2,000 of additional reserves can create up toA. $8,000 of new money.B. $16,000 of new money.C. $32,000 of new money.D. None of the above is correct.19. Banks act as intermediaries byA. bringing together car buyers and auto dealersB. bringing together real estate brokers and home buyersC. printing money for all to useD. serving the credit needs of borrowers and the security needs of saversE. selling shares of stock to investors20. Asymmetric information in financial markets exists whenA. teachers know more about banking than students doB. borrowers know more about their ability to repay loans than lenders doC. lenders know more about borrowers than borrowers know about themselvesD. borrowers pay off a loan before it is dueE. borrowers and lenders know more about banking than banks do21. Coins in the United States are manufactured and distributed by theA. FedB. U.S. MintC. U.S. TreasuryD. FBIE. Controller of the Currency22. If you returned a $5Federal Reserve note to the Fed, you could receiveA. $5 in silverB. $5 in goldC. 5 one-dollar billsD. 10 one-dollar billsE. a small gold bar23. If a bank has $6000 in checkable deposits and the required reserve ration is 0.2, then the bank can lendA. $4000B. $16000C. no more than $4800D. no less than $3000E.$100024. Suppose that a bank has $6000 in checkable deposits and the required ratio is 0.2. If the bank wishes to hold no excess reserves, its actual reserves will beA. $4000B. $1200C. $3000D. less than $1000E. $480025. Bank reserves can be held in the form ofA. loans and cash in the bank’s vaultB. loans and deposits with the FedC. loans and checking accountsD. deposits with the Fed and cash in the bankE. deposits with the Fed and checking accounts26. Suppose the required reserve ration is 0.1 and Linda deposits $4000 in cash at the College State Bank. If the bank held no excess reserves before Linda’s deposit and now increases its reserves by $500, which of the following is true?A. The bank must have lent out an additional $4000B. The $500 are required reservesC. The bank has excess reserves of $100D. Both the bank’s assets and its liabilities rise by $500E. The bank has $500 in excess reserves27. Suppose a commercial bank’s reserves increase by $3000 and the bank, which holds no excess reserves, makesa loan of $2400. What is the required ratio?A. 0.1B. 0.2C. 0.25D. 0.75E. 428. If the required ratio is 0.1 and the Fed buys a $5000 security from a depository institution, what happens to the money supply?A. NothingB. It increases by $5000C. It decreases by $5000D. It increases by $50000E. It decreases by $5000029. The banking system creates money in the sense that itA. prints moneyB. creates excess reserves from loansC. creates loans from excess reservesD. creates required reserves from loansE. creates loans from required reserves30. If r is the required reserve ratio, which of the following is the simple money multiplier?A. rB. 1/(1-r)C. 1-rD. 1/rE. r231. If the simple money multiplier is 5, the required reserve ratio must beA. 5%B. 0C. 10%D. 50%E.20%32. The Fed’s sale of US government securities in open market operations constitutes aA. contractionary policy because it lowers the amount of total reserves in the banking systemB. contractionary policy because it lowers the amount of required reserves in the banking systemC. expansionary policy because it raises the amount of total and excess reserves in the banking systemD. expansionary policy because it raises the amount of excess reserves and lowers the amount of requiredreserves in the banking systemE. expansionary policy because it raises the amount of required reserves in the banking system33. The primary tool the Fed uses to control the money supply isA. the discount rateB. the required reserve ratioC. the discount windowD. charteringE. open market operations34. Decreasing the required reserve ratio isA. a contractionary policy because it lowers the amount of total reserves in the banking systemB. a contractionary policy because it lowers the amount of excess reserves in the banking systemC. an expansionary policy because it raises the amount of required reserves in the banking systemD. an expansionary policy because it raises the amount of total reserves in the banking systemE. an expansionary policy because it raises the amount of excess reserves in the banking systemPassage 1A credit card is a plastic card (or its equivalent) to be used upon presentation by the cardholder to obtain money, goods, or services, possibly under a line of credit established by the card issuer. The cardholder is billed for any outstanding balance.Credit card customers are given a credit limit on the credit card account and can buy goods services up to this amount. Normally, banks will set different credit lines for the different groups of cardholders. Every time cardholder uses a credit card for purchasing, he/she must sign a sales slip in the presence of the seller, and the signature is then compared to the signature on the card. Copies of the sales ships have the details of the cardand they also show the details and amount of the sale.Each month the cardholder receives a statement from the bank which details all the transactions in the month, together with the total amount outstanding and any minimum amount that needs to be paid. When the full balance is not settled each month, the cardholder is charged a compound interest (say 0.05%) on the outstanding balance, and this is supposed to provide the bank with a main source of income (although in china, this revenue is still low because people are reluctant to run into debt). Other two major sources of credit card services are the annual fee from the cardholders and the percentage of the sales revenue as the commission paid by the seller.1. A credit card is a plastic card and the like to be used to obtain money, goods, or services and an overdraft is not allowed.A. RightB. WrongC. Doesn’t say2. Normally, banks will set different credit limits on different customers’ credit card accounts.A. RightB. WrongC. Doesn’t say3. Each month the credit cardholder will receive a statement from the bank showing the details of the transactions excluding the total amount outstanding.A. RightB. WrongC. Doesn’t say4. If the balance of the credit card is not fully settled, thecardholder will have to pay a compound interest on the outstanding amount.A. RightB. WrongC. Doesn’t sayPassage 2Economists define money (or, equivalents, the money supply) as anything that is generally accepted inpayment for goods of services or in the payment of debts. Currency, which is dollar bills and coins, clearly fits this definition and is one type of money. When most people talk about “money”, they are talking about currency. To d efine money merely as currency is much too narrow for economist. Because checks are also accepted as payment for purchases, checking account deposits are considered money as well. An even broader definition of money is often needed because other items such as savings deposits can in effect function as money if they can be quickly and easily converted into currency or checking account deposits. As you can see, there is no single, precise definition of money or the money supply, even for economists.Whether money is shells or rocks or gold or paper, it has three primary functions in any economy: as a medium of exchange, a unit of account, and a store of value. Of the three functions, its function as a medium of exchange is what distinguished money from other assets such as stocks, bonds, and houses. In most all market transactions in our economy, money in the form of currency or checks is a medium of exchange; that is, it is used to pay for goods and services. The use of money a medium of exchange promotes economic efficiency by eliminating much of the time spent in exchanging goods andservices. To see why, let’s look at a barter economy, one without money, in which goods and services are exchanged directly for other goods and services.5. In the viewpoint of economists, which of the following is wrong?A. Money is currency.B. Money means money supply.C. Checks are money in a narrow sense.D. Savings deposits can be considered as money in a narrow sense.6. Which of the following is true according to the passage?A. A check used to pay for goods and services is a medium of exchange.B. The use of money saves little time spent in exchanging goods and services.C. In a barter economy, people exchange their goods and services directly for what they want.D. Checki ng account deposits can’t be considered as money in a narrow sense.7. Which of the following is true in the eyes of most common people?A. Currency is money.B. Money means currency only.C. Dollar bills and coins are money, savings deposits as well.D. Checks are also money.8. “Barber” probably meansA. Goods in exchange for goods.B. Goods in exchange for services.C. Domestic trade.D. International trade.9. Which of the following title best suits the passage?A. Money and CurrencyB. Money and Its FunctionsC. The Value of MoneyD. Currency and Its Functions。
银行金融英语试题及答案
银行金融英语试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a type of investment?A. StocksB. BondsC. Savings AccountD. Insurance答案：D2. The term "leverage" in finance refers to:A. The use of borrowed money to increase the potential return of an investment.B. The process of selling a security that the investor does not own.C. The ability to purchase more of an asset than one can afford.D. A financial instrument that provides a guarantee of payment.答案：A3. What does "NPV" stand for in financial analysis?A. Net Present ValueB. Net Profit ValueC. Net Product ValueD. None of the above答案：A4. A "bear market" is characterized by:A. A long period of falling prices.B. A period of economic growth.C. A market where only bears are traded.D. A market with high volatility.答案：A5. The process of evaluating a company's financial health is known as:A. Financial AnalysisB. Market AnalysisC. Risk AnalysisD. Portfolio Management答案：A6. Which of the following is a measure of a company's profitability?A. EBITDAB. ROIC. P/E RatioD. All of the above答案：D7. In banking, "LIBOR" stands for:A. London Interbank Borrowed RateB. London International Banking OrganizationC. London International Business OrganizationD. London Interbank Business Rate答案：A8. A "derivative" in finance is:A. A product that derives its value from the value of another underlying asset.B. A type of savings account.C. A type of insurance policy.D. A type of investment fund.答案：A9. What is the primary function of a central bank?A. To manage the country's monetary policy.B. To provide financial advice to individuals.C. To offer personal loans to consumers.D. To manage the country's foreign exchange reserves.答案：A10. The term "forex" refers to:A. Foreign exchange market.B. Forward exchange rate.C. Financial exchange rate.D. Future exchange rate.答案：A二、填空题（每题1分，共10分）11. The current account balance is a record of a country's transactions with the rest of the world, excluding ______.答案：capital flows12. A ______ is a financial contract that obligates the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.答案：futures contract13. The ______ ratio is used to measure how efficiently a company is using its assets to generate profit.答案：asset turnover14. An increase in interest rates will generally lead to a______ in bond prices.答案：decrease15. The term "short selling" refers to the practice ofselling securities that the seller does not own, with the hope of buying them back later at a ______ price.答案：lower16. The ______ is the difference between the total assets and the total liabilities of a company.答案：equity17. A ______ is a type of investment account that allows individual investors to pool their money with other investors to invest in a portfolio of stocks, bonds, or other securities.答案：mutual fund18. The ______ is the process of determining the value of a business or financial security.答案：valuation19. A ______ is a financial statement that shows the changes in a company's financial position over a specified period of time.答案：cash flow statement20. The ______ is the rate at which banks lend money to each other overnight.答案：federal funds rate三、简答题（每题5分，共30分）21. Explain the difference between a "fixed deposit" and a "demand deposit" in a bank.答案：A fixed deposit is a type of savings account where money is deposited for a fixed term at a predetermined interest rate. The depositor cannot withdraw the money before the end of the term without incurring a penalty. A demand deposit, on the other hand, is a type of bank account that allows the depositor to withdraw funds at any time without penalty. It typically earns a lower interest rate compared to a fixed deposit.22. What is a "call option" and how does it differ from a "put。
刘铁敏《金融专业英语》(第2版)-习题参考答案20
AnswerChapter 1. MoneyI.Questions for discussion (key point)1.Money is any item or verifiable record that is generally accepted as paymentfor goods and services and repayment of debts in a particular country or socio-economic context.2.Cowrie shells, Whales’ teeth, nickels, dimes，Jiaozi and so on.3.BEIJING— China's consumer price index (CPI), a main gauge of inflation,rose 2.9 percent year-on-year in 2019, within government target of 3 percent, official data showed on Jan 9.The growth picked up from 2.8 percent in the first 11 months, and was above the 2.1-percent annual increase in 2018, according to the National Bureau of Statistics. In December, the CPI climbed4.5 percent year-on-year, unchanged from that in November. The hike wasmainly driven by food prices, which soared 17.4 percent year-on-year last month, contributing 3.43 percentage points to the increase in December. Pork prices surged 97 percent year-on-year in December, slowing from the 110.2-percent growth seen in November. Prices of other kinds of protein including beef, mutton and poultry saw slower growth last month. Non-food prices gained 1.3 percent last month, faster than the 1-percent growth in November, the bureau said. The CPI in urban and rural areas posted a year-on-year growth of 4.2 percent and 5.3 percent, respectively. The core CPI, which excludes food and energy prices, ticked up 1.4 percent year-on-year in December, flat with that in November. The data released on Jan 9 also showed that China's producer price index, which measures costs for goods at the factory gate, dropped 0.3 percent year-on-year in 2019. M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.7 percent.ernor of the People's Bank of China Yi Gang attends a press conferenceon the financial reform and development for the second session of the 13th National People's Congress (NPC) in Beijing, capital of China, March 10, 2019."The monetary policy will be reasonable in the matter of total amount, not too eased nor too tightened, which means the growth rate of M2 money supply or social financing will be kept at about the same level with the growth rate of the GDP of the private economy," said the PBOC governor.5.Explain by your own reasons.II.Check your comprehension.1.A2. B3. C4. D5. DIII.Cloze1.D2. A3. F4. B5. GIV.Translations1.Translate the English to Chinese(1)In the days of the gold standard, the volume of money and credit in circulationwas tied to the amount of gold in a country’s vaults.在金本位时代，流通中的货币和信贷量与一个国家的金库中的黄金数量是挂钩的。
金融专业英语
True or false:1.Those financial markets that facilitate the flow of short-term funds are known asmoney markets. (t)2.Those financial markets that facilitate the flow of long-term funds are known ascapital markets. (t)3.Treasury notes and bonds belong to money market securities. (f)4.Eurodollar deposits are capital market securities. (f)5.Speculation is the same as investment. (f)6.Indirect quotation refers that domestic currency is expressed by unit foreigncurrency (f)7.If economic conditions become more favorable, the expected cash flows onvarious proposed projects will increase. (t)8.If the Fed determines that a change in its monetary policy is appropriate, itsdecision is forwarded to the trading desk. (t)9.The Federal Reserve chairman serves for a 14-year term. (f)10.M1 includes currency, checking deposits and MMDA. (f)True or false:真或假：1. Those financial markets that facilitate the flow of short-term funds are known as money markets. (true)1。
《金融专业英语》习题答案
《金融专业英语》习题答案第一篇：《金融专业英语》习题答案《金融专业英语》习题答案Chapter OneFunctions 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%。
金融英语练习
unit 1self-testing1. The primary function of money is to serve as________A. a medium of exchangeB. a mean of paymentC. a unit of accountD. all of the above2. Which of the following statements about the interest rate is correct?A. the interest rate is determined in the goods market and has an influence on the money marketB. The interest rate is determined in the goods market and has no influence on the money marketC. the interest rate is determined in the money market and has no influence on the goods marketD. the interest rate is determined in the money market and has an influence on the goods market3. The central bank can control the following EXCEPT:________A. the discount rateB. the federal fund rateC. reserve requirement ratioD. prime rate4. The main function of the PBC is to:_______A. conduct monetary policyB. prevent and dissolve financial risksC. maintain financial stabilityD. all of the above5. Which of the following is NOT the instrument for implementing monetary policy? _____A. required reserve ratioB. credit ceilingsC. interest rate discountD. open market operations6. An decrease in the money supply usually______ the interest rate and _____aggregate demand.A. increases, increasesB. increases, decreasesC. decreases, increasesD. decreases, decreases7. The higher the required reserve ratio,________A. the larger the deposit expansion multiplierB. the smaller the deposit expansion multiplierC. the more excess reserves a bank can use to create moneyD. the more money a bank has to lend to its customers8. Assume a reserve rate of 25%, the multiplier effect will be _______, and the original deposit of 20,000 can create up to ______ of new deposit.A. 3, 60,000B. 4, 80,000C. 5, 100,000D. 2, 40,000。
金融英语题库完整版（附答案）
Part11.Multiple Choice（Part1 单选DDDAD ADABD 阅读CDDA CDBBD）(1) The People's Bank of China has been divided into ________district banks since 1999.A. 6B. 7C. 8D. 9(2) The PBC has operated as the central bank since________.A. 1987B. 1986C. 1985D. 1984(3)China formally lifted all remaining current account restrictions in _________.A. 1993B. 1994C. 1995D. 1996(4) ________remains the principle foreign exchange bank.A. The Bank of ChinaB. The Commercial and Industrial BankC. The Construction BankD. The Agricultural Bank(5) The indirect instruments such as ________have emerged as major monetary policy tools that the PBC relies on.A. required reserve ratioB. interest rate adjustmentC. open market operationsD. all of the above(6) With China's entry into WTO, China has decided to implement a phased reform of________.A. the wholly state-owned commercial banksB. the policy banksC. joint-equity commercial banksD. the non-bank financial sector(7) Banks play a unique role in the economy through ________.A. mobilizing savingsB. transmitting monetary policyC. providing a payment systemD. all of above(8) The evolution of the Chinese banking system can be broadly divided into ________phases.A. 3B.4C. 2D. 5(9) Although capital market development is expected to speed up, banks in China currently provide about________percent of aggregate financing in the economy.A. 65B. 75C. 50D. 80(10) Apart from traditional deposit taking and lending business, commercial banks now offer a broad range of intermediary services such as________.A. international settlementB. bank cardsC. private bankingD. all of the above2.True or False(1)Since the enactment of the Law of the People's Bank of China in March 1995, the PBC has no longer played the role of financing fiscal deficits in national budgetary.(2) The People's Bank of China was made as a central bank in 1948.(3) The indirect policy instruments include required reserve ratio, interest rate adjustment, and credit ceiling.(4) Before 1979 the foreign exchange control was strictly enforced.(5) The wholly state-owned commercial banks in China today used to be known as state-owned specialized banks.(6) One of the important goals of liberalizing the banking sector is to give foreign banks nationaltreatment.(7) The increase of the presence of foreign banks in China is likely to introduce new products and expertise.(8) Now China still remains some current account restrictions.(9) In recent years, there has been a great improvement in the conduct of monetary policy with great reliance on direct policy instruments.(10) Now China is an Article Ⅷ member of the International Monetary Fund.3.ClozeDirections: Read the following paragraphs and then put the suitable words or phrases into the blanks.The banking sector has played an important role in ________the implementation of the stabilization and structural measures as well as sustaining strong economic growth. The macroeconomic stability and ________improvement in turn have enabled the banking sector to________vigorously. 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 playing a ________role in financing economic and technological development as well as the economic________ in the foreseeable future.1.facilitating2.reform3.structural4.develop5.dominantIn recent years, there has been a significant improvement in the ________of monetary policy with greater reliance on ________policy instruments. The central bank used to rely on credit ceilings for commercial banks as a major tool for monetary policy. This direct instrument has been abolished while such indirect instruments as required reserve ratio, interest rate adjustment and open market operations have ________as major monetary policy tools. The required reserve account and excess reserve account of the commercial banks with the central bank have been ________and the consolidated required reserve ratio has been reduced from 13 percent to 8 percent. Since 1996, the central bank has________ interest rates on many occasions to reflect the weakening domestic and global demand. These policy measures have helped sustain strong economic growth 1.emerged 2.conduct 3.lowered 4.indirect 5.mergedThe reform efforts have resulted in greater openness of the banking sector, integrated financial markets, increased diversification of banking institutions, strengthened competition and improved efficiency of ________allocation. Despite these achievements, the banking sector in China is faced with ________challenges, including the high level of ________loans and the need to prepare for greater competition from foreign banks, as China becomes a member of the World Trade Organization. These challenges call for ________efforts on the part of the authorities in institutional building to facilitate greater enforceability of bank claims, faster market infrastructure development and better ownership structure. These efforts have to be accompanied by parallel actions of the banks to improve corporate governance, particularly ________structure and internal controls.1.incentive2.non_performing3.resource4.formidable5.intensifying4. Translation(1) Although banks share many common features with other profit-seeking businesses, they play a unique role in the economy through mobilizing savings, allocating capital funds to finance productive investment,transmitting monetary policy, providing a payment system and transforming risks.尽管银行与其他以盈利为目的的企业具有许多共同的特征，但它在国民经济中还发挥着特殊的作用。
金融英语试题及答案
金融英语试题及答案一、选择题（每题2分，共20分）1. Which of the following is NOT a type of financial instrument?A. StocksB. BondsC. DerivativesD. Real estate答案：D2. What is the term used to describe the process of converting interest into capital?A. AmortizationB. CompoundingC. DiscountingD. Accrual答案：D3. In finance, what is the term for the risk that an investor faces due to changes in interest rates?A. Credit riskB. Market riskC. Interest rate riskD. Operational risk答案：C4. Which of the following is NOT a function of a central bank?A. Monetary policy implementationB. Financial regulationC. Currency issuanceD. Stock trading答案：D5. What is the term for the practice of borrowing in a foreign currency to take advantage of lower interest rates?A. ArbitrageB. HedgingD. Carry trade答案：D6. What is the term for a financial contract that obligates the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price?A. Forward contractB. Futures contractC. Options contractD. Swap contract答案：A7. What is the term used to describe the process of evaluating an investment based on its risk and potential return?A. Portfolio managementB. Risk assessmentC. Due diligenceD. Valuation8. What is the term for the difference between the bid and ask prices of a financial instrument?A. SpreadB. YieldC. DiscountD. Margin答案：A9. In finance, what is the term for the risk that a borrower will default on a loan?A. Liquidity riskB. Credit riskC. Market riskD. Interest rate risk答案：B10. What is the term for a financial institution that provides loans and other financial services to individuals and businesses?A. Investment bankB. Commercial bankC. Insurance companyD. Hedge fund答案：B二、填空题（每题2分，共20分）11. The process of converting future cash flows into their present value is known as ________.答案：Discounting12. A ________ is a financial institution that accepts deposits and channels those deposits into lending activities.答案：Bank13. The ________ is the risk that an asset's value will decrease due to a change in the market or economic conditions.答案：Market risk14. A ________ is a financial instrument that represents an ownership position in a corporation.答案：Stock15. The ________ is the process of determining the value of an asset or security by using financial models.答案：Valuation16. A ________ is a financial instrument that represents a creditor relationship with a financial organization.答案：Bond17. The ________ is the risk that a financial institution will not be able to meet its short-term obligations.答案：Liquidity risk18. A ________ is a financial instrument that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price.答案：Option19. The ________ is the risk that a financial institution will not be able to meet its long-term obligations.答案：Solvency risk20. A ________ is a financial institution that provides services such as underwriting or acting as a client's agent in the issuance of securities.答案：Investment bank三、简答题（每题10分，共40分）21. Explain the concept of "leverage" in finance.答案：Leverage in finance refers to the use of borrowed funds to increase the potential return of an investment. It is the process of using various financial instruments or borrowed capital to increase the potential return of an investment. However, leverage also increases the risk of loss if the investment's value declines.22. What are the main differences between a commercial bank and an investment bank?答案：A commercial bank primarily deals with retail banking services such as accepting deposits, providing loans, and offering basic financial services to individuals and businesses. An investment bank, on the other hand, focuses on services like securities underwriting, mergers and acquisitions advice, and other capital market activities. Investment banks are typically involved in more complex financial transactions and services related to corporate finance.23. Describe the role of a central bank in an economy.答案：A central bank plays a crucial role in an economy by implementing monetary policy, regulating financial institutions, issuing currency, and maintaining the stability of the financial system. It also acts as a lender of last resort to banks and other financial institutions, and it oversees the payment systems within the country.24. What is the purpose of financial regulation, and why is it important?答案：The purpose of financial regulation is to ensure the stability, integrity, and efficiency of financial markets while protectingconsumers and investors. It is important because it helps to prevent financial crises, maintain confidence in the financial system, and promote economic growth by reducing the risk of fraud, market manipulation, and other unethical practices.四、论述题（每题20分，共20分）25. Discuss the importance of risk management in financial institutions and how it can be implemented.答案：Risk management is crucial in financial institutions as it helps to identify, assess, and mitigate potential risks that could lead to financial losses. It involves the use of various tools and strategies such as diversification, hedging, and stress testing to manage risks effectively. Implementing risk management involves setting up a robust framework that includes risk identification, risk assessment, risk control, and monitoring and reporting. This ensures that financial institutions can operate within acceptable risk parameters and maintain their financial health and stability.。
金融英语练习题
金融英语练习题一、词汇填空1. The company's stock price has been quite ________ due to the economic downturn.A. volatileB. stableC. predictableD. consistent2. The ________ of the company's financial statements is crucial for investors to make informed decisions.A. accuracyB. relevanceC. timelinessD. All of the above3. The ________ market has been experiencing significant growth in recent years.A. emergingB. matureC. decliningD. stagnant4. The company's ________ strategy involves diversifying its investments across various sectors.A. hedgingB. expansionC. consolidationD. diversification5. The ________ rate is a key indicator of a country's economic health.A. inflationB. unemploymentC. GDP growthD. interest二、阅读理解Read the following passage and answer the questions:The global financial market has been experiencing a period of uncertainty due to various geopolitical events. Investors are increasingly looking for ways to mitigate risks and protect their portfolios. One approach that has gained popularity is the use of derivatives, which allow investors to hedge against potential losses. These financial instruments can be complex and require a deep understanding of the underlying assets and market dynamics.1. What is the main reason for the uncertainty in the global financial market?A. Economic downturnB. Geopolitical eventsC. High inflation ratesD. Low interest rates2. What are investors looking for in the current marketconditions?A. High-risk investmentsB. Ways to increase returnsC. Ways to mitigate risksD. Stable investments3. What is the purpose of using derivatives in the context of the passage?A. To increase potential gainsB. To speculate on market movementsC. To hedge against potential lossesD. To simplify financial instruments4. What is required to effectively use derivatives?A. Basic knowledge of financial marketsB. A deep understanding of the underlying assets and market dynamicsC. A focus on short-term gainsD. A disregard for market risks三、完形填空The financial crisis of 2008 was a turning point for the global economy. It exposed the vulnerabilities in the financial system and led to a reevaluation of risk management practices. Banks and other financial institutions were forced to ________ their lending practices and increase theircapital reserves to ensure stability. Governments around the world also had to ________ their regulatory frameworks to prevent future crises. The crisis highlighted the importance of ________ and transparency in financial markets, which hasled to a greater focus on these areas in recent years.A. tightenB. loosenC. strengthenD. weaken四、翻译请将以下句子翻译成英文：1. 投资者应该密切关注市场动态，以便及时做出投资决策。
金融英语语态练习40题
金融英语语态练习40题1. The stocks in the market ______ frequently by investors.A. are tradedB. is tradedC. tradesD. trade答案：A。
本题考查一般现在时的被动语态。
主语“the stocks”是复数，与动词“trade”之间是被动关系，被动语态的构成是“be + 过去分词”，所以用“are traded”。
B 选项“is traded”用于主语是单数的情况。
C 选项“trades”和D 选项“trade”都是主动语态，不符合句子意思。
2. Financial reports ______ every month by the company.A. are preparedB. is preparedC. preparesD. prepare答案：A。
此句中“financial reports”是复数，与“prepare”是被动关系，一般现在时的被动语态是“be + 过去分词”，用“are prepared”。
B 选项“is prepared”用于主语是单数。
C 选项“prepares”和 D 选项“prepare”是主动语态。
3. The interest rates ______ by the central bank.A. are controlledB. is controlledC. controlsD. control答案：A。
“interest rates”是复数，与“control”为被动关系，要用“are controlled”。
B 选项用于主语单数。
C 选项和D 选项是主动语态。
4. International currencies ______ widely in global trade.A. are usedB. is usedC. usesD. use答案：A。
“international currencies”是复数，需用被动语态“are used”。
英语试卷金融专业
Ⅰ. translations（每小题2分，共30分）1. central bank2. payment and settlement services3. invite bid4. market maker5. IOU6. derivative investments7. gold exchange standard8. fiat money 9. letters of credit 10.cash position11.国际收支 2.改革开放13.软贷款14.货币替代15.浮动利率贷款1.中央银行2.支付清算服务3.招标4.做市商5.欠条6.衍生工具7.金汇兑本位制8.法币9.信用证10.现金头寸11.balance of payment 12.reform and opening-up 13.soft loan 14.currency substitution 15.floating rate lendingⅡ.Multiple choices.(每小题2分，共10分)1.The price in the foreign exchange market is called __B____.A. the trade surplusB. the exchange rateC. the money priceD. the currency rate2. Which of the following statements is not true of central banks? _D____A. They pay the government's salariesB. They always undertake the regulation of the banking systemC. They are always the lender of last resortD. None of the above3. The main liability on a bank balance sheet is _A____.A. depositsB. capital and reservesC. loans and overdraftsD. cash4. Market risk refers to the risk of__A_.A. financial prices fluctuationsB. defaultC. fraudD. deferred payments5. A refers to refuse to discharge a debt or an obligation.A. debt defaultB. debt reschedulingC. debtorD. creditⅢ.Read the following passages and choose the one best answer to each of the questions.（每小题2分，共20分）Passage oneNorth China’s Tianjin Municipality(直辖市) has started a ―Blue Sky Project‖ to control the air pollution. Under the project requirements, the air quality in Tianjin is expected to measure up to the national standard by 2007, when two thirds of days in the year will enjoy fairly good or excellent air quality. In order to achieve the goal, Tianjin will take a series of measures such as controlling the use of coal, reducing the dust floating from construction sites, planting trees along the major streets, and replacing petrol with liquid natural gas as the fuel for vehicles. Since people paid little attention to the environmental protection, the air quality in Tianjin has worsened during the past decade. The project has received wide praise and support from the natives. The newly-discovered ―Great Wall‖ in south China’s Hunan ProvincNE-HEe will open to visitors in the near future. ―We will try to make it an internationally famous attraction for tourists, ‖ said Y uan Xinhua, director of the Hunan Provincial Tourism Administration. The main part of the 190-km ―Southern China Great Wall‖ is located in Fenghuang County in western Hunan. Built during the Ming Dynasty(1368—1644)by the local Miao minority people, the Southern China Great Wall is 2.3 m high and 1.7 m wide.The Chinese have been enjoying themselves by sightseeing or traveling during the Spring Festival this year rather than engaging in the traditional gathering of relatives and friends at home. In the past five days, over 200 000 Beijingers spent the one-week Spring Festival holiday shopping in Tianjin. Low prices of consumer goods and the convenient railway service enable Beijingers to visit the neighboring city during the day. Meanwhile unlike previous years, an increasing number of Tianjiners went to Beijing during the Spring Festival to visit places of interest in the capital. Tourism had been heating up in the last few years. An increase in income and longer holidays have made it possible for Chinese to relax after a year of work.1. If ―Blue Sky Project‖ is completed __B___.A. there will be no air pollution in TianjinB. the natives can enjoy good air quality most of the yearC. liquid natural gas will have taken the place of coal and petroD. people will pay less attention to environmental protection2. According to Mr. Yuan from Hunan, the opening of the Southern China Great Wall is a good way to __D__.A. rebuild the wallB. help local Miao minority peopleC. discover the historyD. arouse foreigners’ interest3. The Chinese would like to go sightseeing or travel during the Spring Festival this year mainly because _D____.A. prices are higher in their native placesB. railway service is getting better and betterC. they are tired of meeting relatives and friends at homeD. they have longer holidays and more money4.what does this article mainly talk about? CA. environmental problems solved by governmentsB. changes in Chinese traveling conceptC. some local governmental construction projectsD. relation of environment and tourism5. According to the author, what is the main function of ―Blue Sky Project‖? AA. to improve environmentB. to make people take more attention on environmentC. to stimulate tourismD. to spend the one-week Spring Festival holiday shopping in TianjinPassage TwoWhat determines the rate of exchange between currencies will be examined later in this booklet, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange ; hence in part the term ‖exchange rate‖, which was maintained even though other methods of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a banker’s draft drawn in dollars. The bank is able to do this because it will have an account with another bank (called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier.Since there is a danger that the draft may be lost or fall into the wrong hands, the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the British bank’s dollar account. This mail transfer system is very flexible since the instructions for payment can be varied or elaborated to suit practically every kind of requirement.6. How many methods of settlement are mentioned in this passage when the British importer needs dollar to pay his American supplier? BA. TwoB. ThreeC. OneD. Several7. Why is the British bank able to offer its customer a banker’s draft drawn in dollar? CA. Its US correspondent bank prefers to make the payment.B. It will send dollar in cash by airmailC. It has a dollar account with another bank in an American city where the beneficiary lives.D. Its customer has a dollar account with it.8. What will the correspondent bank do in the settlement according to this passage? AA. It will make payment in dollars against the banker’s draft.B. It will send the draft to the bank in Britain.C. It will issue a documentary credit.D. It will have an agreement with the bank mentioned.9. What is the safer and more normal method for the importer’s bank to effect the settlement? BA. To issue a banker’s draft.B. To arrange for payment by mail transfer.C. To make the payment to its correspondent bank.D. To ask the importer to pay the money on his dollar account.10. Who is the ―recipient‖ in the settlement? DA. the correspondent bankB. the British bankC. the British importerD. the American supplierⅣ. Answer questions.（每小题10分，共20分）1．what are the basic functions of the PBC according to the central bank law? And please list three or more particular functions.2. What is money? And what are functions of money?Ⅳ. answer some questions.（每小题10分，共20分）1. The central bank law provides that PBC’s basic functions are to conduct monetary policy and supervise the financial system under the leadership of the State Council. For example, it shall formulate and implement monetary policy; issue Renminbi and regulate its circulation; act as fiscal agent, etc.2. Money is any commodity or token that is generally acceptable as a means of payment for goods and services. Money has four functions: medium of exchange; unit of account; store of value; standard of deferred payment. Ⅴ.Translations.(本题共5小题，共20分)1．Under the all-in-one monopolistic banking system,which lasted until 1978, PBC engaged in both central banking and commercial banking operations.2. Many companies are suppliers to borrowers in group-financed projects, and these borrowers spend billions of dollars each year buying goods and services from businesses.3.As well as claims there are also derivative instruments-contracts relating to the prices of securities, interest rates or foreign exchange rates at some date in the future.4. Another reason foreigners accepted so many US dollars was that these dollars provided liquidity to support world trade and investment, which grew rapidly in the post-world war Ⅱ.5. Most important among these changes was that the supply and composition of international liquidity became endogenously determined, that is, the international monetary system was based on a fiat system and departed from a commodity standard.Ⅴ.Translate the English into Chinese.(每小题4分，共20分)1.我国商业银行基本上是“大一统”的垄断体制，中国人民银行既行驶中央银行的职能，又办理商业银行业务。
金融专业英语练习
2 The basic economic problem facing all economies is: A Maximising economic growth B Unemployment C Inflation D Allocating scarce resources
3 Opportunity cost is: A The cost of producing one extra unit of the commodity B The lowest average cost of the commodity C The total cost of the commodity D The loss of the next best alternative
9 The sector of the economy which consists of manufacturing industries is the : A Primary sector B Secondary sector C Tertiary sector D Quaternary sector
附注：Goods are scarce when there are insufficient quantities of them for everyone to be able to consume them for nothing.
Consumption of scarce goods is restricted by the fact that consumers have to pay to acquire them. There are lots of things that exist in large quantities, but we still have to pay for them, for example: bread
- 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。
6 Which one of the following would not shift a country's production possibility frontier outwards (further away from the origin)? A An increase in exports B Technical progress reducing production costs C An increase in the working population D An improvement in the literacy rate
fficient quantities of them for everyone to be able to consume them for nothing.
Consumption of scarce goods is restricted by the fact that consumers have to pay to acquire them. There are lots of things that exist in large quantities, but we still have to pay for them, for example: bread
17 You have the following information on a company $ PBIT 4,000,000 Interest expenses 400,000 Taxes 170,000 Capital expenditure 600,000 Calculate the free cash flow to the firm
16 You have the following information on a company $ PBIT 4,000,000 Interest expenses 400,000 Taxes 170,000 Preferred dividends 500,000 Number of outstanding shares 10,000,000 Calculate the EPS for this company
A $20,000 C $72,000 B $60,000 D $77,000
5 In the production possibility diagram below, what combination of X and Y cannot be produced given current levels of resources?
20 Which one of the following is NOT taken into account by the discount factor applied to future earnings when calculating shareholder value? A The rate of inflation B The amount of earnings that would be lost as taxation C The level of risk attached to future income streams D Shareholders' rate of time preference for money
9 The sector of the economy which consists of manufacturing industries is the : A Primary sector B Secondary sector C Tertiary sector D Quaternary sector
10 There are four main factors of production, each of which has an economic reward. Which one of the following statements about the factors of production is not correct? A Capital is rewarded with interest B Enterprise is rewarded with profit C Labour is rewarded with wages
21 A merger between two firms at different stages in the same production process – for example, between an oil extraction company and an oil shipping company – is an example of: A Horizontal integration B Vertical integration C Conglomerate diversification D Organic growth
18 You have the following information on a company $ PBIT 4,000,000 Interest 500,000 PBT 3,500,000 Tax 1,200,000 Profit for year 2,300,000 Assets 50,000,000 Current liabilities 10,000,000 Calculate the return on capital employed (ROCE).
2 The basic economic problem facing all economies is: A Maximising economic growth B Unemployment C Inflation D Allocating scarce resources
3 Opportunity cost is: A The cost of producing one extra unit of the commodity B The lowest average cost of the commodity C The total cost of the commodity D The loss of the next best alternative
13 Company directors are appointed by: A Auditors B The Board C Senior management D Shareholders
14 In a planned economy, the pattern of production is determined by: A Central allocation B Consumer preference C The price mechanism D The profit motive
Jo bought the warehouse when he started his business, but if he hadn't invested his capital in the business it could now be earning him $5,000 a year in interest. If Jo wasn't working for himself, he could be earning $40,000 working for a large carpentry company in a neighbouring town. Based on the information given, what are the total economic costs of Jo's business, including opportunity costs?
15 Is the sum of the cash flows to the contributors of capital to the firm including shareholders and bondholders the free cashflow to equity or the free cash flow to the firm?
4
Jo is a self-employed carpenter who works in a warehouse that he owns. He buys the wood he needs to use, and last year this cost him $20,000. If Jo didn't work in his warehouse he could earn a rent on it of $12,000 per year.
7 Which of the following would not be regarded by economists as a factor of production? A Labour B Enterprise C Management D Capital
8 Which of the following is likely to shift the production possibility curve (frontier) onwards (away from the origin): A An increase in specialisation B An increase in the labour force C An increase in productivity D All of the above
19 Which sector of the economy contributes most to the gross domestic product (GDP) of developed, capitalist economies? A Industrial B Primary C Government D Service