《金融专业英语》
金融专业英语阅读(答案)
金融专业英语阅读（答案）Chapter OneMonetary Policy(货币政策) …………………………………Chapter TwoForeign Exchange Risk andWhy It Should Be Managed(外汇风险和进行外汇管理的原因)………………………………………Chapter ThreeTools and Techniques forThe Management of Foreign Exchange Risk(控制外汇风险的工具和方法) …………………………………Chapter FourU.S. Foreign ExchangeIntervention(美国对外汇交易的干预) …………………………………Chapter FiveHistory of Accounting(会计的历史起源) …………………………………Chapter SixAccounting and Bookkeeping(会计和簿记) …………………………………Chapter SevenFinancial Markets and Intermediaries(金融市场和中间业务) …………………………………Chapter EightHistory of Insurance(保险的历史起源) …………………………………Chapter NineInsurance Policy(保险单) …………………………………Chapter TenBank for International Settlements(国际清算银行) …………………………………Chapter ElevenCommercial Bank Lending(商业银行借贷) …………………………………Chapter TwelveCredit Analysis(信贷分析) …………………………………Chapter ThirteenWhat Kind of Mortgage Loan Should You Get?(何种抵押贷款更适合你？) …………………………………Chapter FourteenMutual Fund(共同基金) …………………………………Chapter FifteenBonds(债券) …………………………………Chapter SixteenOptions(期权) …………………………………Chapter OneMonetary Policy货币政策Answers:Multiple choices1.D2.B3.C4.C5.ATrue or False1.F2.T3.F4.T5.F6.TRead the following text and choose the best sentences for A to E below to fill in each of the gaps in text1. E2. B3. D4. A5. CCloseEmployment, demand, fiscal policy tools, monetary policy, central bank, interest rates, "stable" prices, inflation, "federal funds" rate, open market operationsTranslation:Translate the following passage into Chinese1.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。
金融专业英语
金融专业英语1.The 3 main functions of commercial banks:the creation of money accomplished through lending and investing activitiesthe holding of depositsthe provision of a mechanism for payments and transfers of funds2.What are negotiable instruments?Negotiable Instruments are documents used in commerce to represent the ownership and secure the payment of money.3.Why do we need negotiable instruments when making payments?Paying large sums of money in cash is inconvenient and risky.Negotiable Instruments such as Bills of Exchange, Cheques and Promissory Notes are wildly used as instruments in the international settlement. They represent a right to payment. A right is a promise and not a tangible piece of property.4.What is a crossing?It is a direction to the paying bank that the money proceeds should be paid to the payee’s bank and not directly to the payee himself.General crossings: consisting of two transverse parallel lines across the face of the cheque.Special crossings: consisting of the name of a particular bank to which payment must be made, and the name itself is the crossing.5.What is the most important difference between bills of exchange and promissory notes?6.Why debit cards are named as “debit”cards?The amount of the purchase is immediately debited from the account and no credit is involved.7.fiduciary /fi‘dju:?i?ri/ a. 受托的n.受托人A company director owes a fiduciary duty to the company7.The three most-commonly used means of international settlement: remittancecollectiondocumentary creditThe other two means: standby L/C & bonds9.A documentary collection gives greater security than settlement on open account, because the importer cannot take possession of the goods without either making payment or accepting a bill of exchange. The banks concerned are under no obligation to pay.10.Can the exporter be sure at the time of dispatch of the goods that the buyer will actually pay the sum owed?No.So this form of settlement is therefore most appropriate in the following cases:if the exporter has no doubt about the buyer’s willingness and ability to pay;if the political, economic and legal environment in the importing country is considered to be stable;if the buyer’s cou ntry has placed no restrictions on imports (e.g. exchange controls) or has issued all the necessary authorizations.11Q: Why can the exporter retain control of the goods until payment or acceptance?Q: why under D/P condition, it is unnecessary to include abill of exchange?How to complete a instruction order? p25212.Clean Collection: a draft or cheque unsupported by documents Documentary Collectioin: documents with or without a draftQ: The disadvantages of clean collection13.The differences between them primarily lie in 4 aspects as follows:Whether there are banker’s credit involved in.Which party is the principal.When does the exporter ship goods.Which party is the drawee of the draft.Can you list any others?13.: What’s the contrast between negot iation and comfirmation?Negotiation advances are with recourse, so that if payment is not ultimately forthcoming from the issuing bank, the negotiating bank will be able to claim repayment from the beneficiary of the advance, plus interest. Confirmation advances are without recourse.14.Can the seller receive payment immediately after presenting the complying documents?In practice, this means that instead of receiving immediate payment on presentation of the documents (at sight), the seller’s draft is returned to him accepted on face by the nominated bank.15On what conditions can a transferable be used?When the supplier of goods sells them through a middleman and does not deal directly with the ultimate buyer.16.Why there is a need for a first beneficiary and a secondbeneficiary?The middleman may not wish to arrange a documentary L/C by himself, or his banker may not be willing to issue a credit on his behalf. Thus the middleman will approach the ultimate buyer and ask him to arrange a transferable credit in the middleman’s favor, which entitles the middleman as the first beneficiary. This transferable credit will allow the first beneficiary to request the bank authorized to pay, incur a deferred payment undertaking, accept or negotiate, or in the case of a freely negotiable credit, the bank specifically authorized as the transferring bank to make the credit available to one or more third parties known as “second beneficiaries”.17.What are the similarities and differences between transferable and back-to-back L/C?They are used in the same situations when the supplier of the goods and the ultimate buyer deal through a middleman, but the rights and obligations of the parties differ between them.17.When does the “back-to-back”aspect comes into play?The middleman applies to his bankers to issue one documentary credit on his behalf, but his bankers are not satisfied with his creditworthiness and insist that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for one which the middleman has applied for in favor of the original seller.19. A revocable documentary credit gives the applicant maximum flexibility, since it can be amended, revoked or cancelled without the beneficiary’s consent and even without prior notice to the beneficiary up to the moment of payment by the bank at which the issuing bank has made the credit available.So the revocable documentary credit involves risks to the beneficiary. The seller may face the problem of obtaining payment directly from the buyer.In contrast, an irrevocable credit gives the beneficiary greater assurance of payment, for it cannot be cancelled or modified without express consent of the issuing bank, the confirming bank (if any) and the beneficiary.20Why can the beneficiary obtain a double assurance of payments under a confirmed credit?Because a confirmed credit represents the undertaking of both the issuing bank and the confirming bank.21..On what condition does the beneficiary require a confirmed credit?If the classification of the credit and the financial standing of the issuing bank are not satisfactory to the beneficiary, he may desire the credit confirmed by another bank.22.Q: Which kind of bonds gives maximum protection to the principal?。
金融专业英语证书考试参考书目
金融专业英语证书考试参考书目
银行综合类
1、金融专业英语证书考试教材——现代银行业务 (第二版) 金融专业英语证书考试委员会编写FINANCIAL ENGLISH CERTIFICATE TEST(MODERN BANKING PRACTICES)
2、金融专业英语证书考试《现代银行业务》(第二版)学习参考金融专业英语证书考试委员会编写
3、银行间业务往来
CASSETTE FOR FINANCIAL ENGLISH CERTIFICATE TEST(BANKING COMMUNICATION) 香港银行学会编
中级
1、经济学 BANKING CERTIFICATE ECONOMICS
2、会计学 BANKING CERTIFICATE ACCOUNTING
3、银行业务 HONG KONG BANKING SYSTEM AND PRACTICE
4、法律 GUIDE TO HONGKONG LAW
5、模拟试题与答案 SAMPLE QUESTIONS AND SUGGESTED ANSWERS
6、《香港法律指南》中文导读
7、香港银行学会会刊Banking World
以上由香港银行学会编，《香港法律指南》中文导读由考委会组织专家翻译。
《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%。
《金融专业英语》课件-Chapter 3 Financial Instruments
CaБайду номын сангаасh
instruments （现金工具）
The values of cash instruments are influenced and determined by the markets and they can be securities that are easily transferable into cash.
Derivative
Instruments （衍生工具）
The values and characteristics of derivative instruments are based on the vehicle’s underlying components, such as assets, interest rates or indices.
Example of commercial paper
A retail firm is looking for short-term funding to finance some new inventory for an upcoming holiday season.
The firm needs $10 million and offers investors $10.1 million in face value of commercial paper in exchange for $10 million in cash, according to prevailing interest rates. In effect, there would be a $0.1 million interest payment upon maturity of the commercial paper in exchange for the $10 million in cash, equating to an interest rate of 1%. This interest rate can be adjusted for time, contingent on the number of days the commercial paper is outstanding.
金融专业英语-Securities-证券
金融专业Part ThreeFinancial Instruments and Foreign Exchange英语789SecuritiesForeign Exchange Futures & OptionsContentsSecurities7Chapter章节结构Key Topics （关键点）2Text （阅读课文）3Notes （课文注释）4Exercises （课后练习）51Learning Objectives（学习目标）6Additional Readings（扩展阅读）Chapter 7 SecuritiesLearning ObjectivesLearning Objectives12345understand the different parts of marketable securitiesmaster the share, types, stockholder and price determination of a stockmaster the issue, coupon, maturity, yield of a bonddiscuss the main difference about stock, bond and fond6understand the definition, kinds, participants of a bondmaster the main types of fundsconception about stock, bond and fund;1main characters of stock, such as share, holder,price determination, index;2main characters of a bond, such as issuance,principal, coupon, maturity, yield;3the main kinds of bond;4main characters of a fund, such as unit,constitution,aim;5the main kinds of fund.6Key TopicsKey TopicsSection 7.1 Stock Section 7.2 Bond Section 7.3 FundText7.1.1 History of stock7.1.2 Shares7.1.3 Types of stock:common stock and preferred stock7.1.4 Rule 144 stock7.1.5 Shareholder7.1.6 Stock derivatives7.1.7 Share price determination7.1.8 Stock price fluctuationsthe stock of Bombay Electric Supply and Tramways Company Limited7.1.1 History of stockØThe stock (also capital stock) of a corporation constitutes the equity stake of its owners. It represents the residual assets* of the company that would be due to stockholders after discharge of all senior claims such as secured and unsecured debt.ØThe earliest recognized joint-stock company* in modern times was the English (later British) East India Company*,one of the most famous joint-stock companies.7.1.2 SharesØThe stock of a corporation is partitioned into shares, the total of which are stated at the time of business formation. Additional .ØShares represent a fraction of ownership in a business. A business may declare different types (classes) of shares, each having distinctive ownership rules, privileges, or share values. Ownership of shares may be documented by issuance of a stock certificate. A stock certificate isa legal document that specifies the amount of shares owned by theshareholder, and other specifics of the shares, such as the par value, if any, or the class of the shares.ØStock typically takes the form of shares of either common stock or preferred stock.ØAs a unit of ownership, common stock typically carries voting rights that can be exercised in corporate decisions.ØPreferred stock differs from common stock in that it typically does not carry voting rights but is legally entitled to receive a certain level of dividend payments before any dividends can be issued to other shareholders.ØConvertible preferred stock is preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually any time after a predetermined date.Ø"Rule 144 Stock" is a common name given to shares of stock subject SEC Rule 144: Selling Restricted and Control Securities. Under Rule 144, restricted and controlled securities are acquired in unregistered form.7.1.5 ShareholderØA shareholder (or stockholder)is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company.* Both private and public traded companies have shareholders. Companies listed* at the stock market are expected to strive to enhance shareholder value.7.1.6 Stock derivativesØA stock derivative is any financial instrument which has a value that is dependent on the price of the underlying stock.ØFutures and options are the main types of derivatives on stocks.The underlying security may be a stock index* or an individual firm's stock, e.g. single-stock futures.7.1.7 Share price determinationØThus, the value of a share of a company at any given moment is determined by all investors voting with their money.ØIf more investors want a stock and are willing to pay more, the price will go up. If more investors are selling a stock and there aren't enough buyers, the price will go down.7.1.8 Stock price fluctuationsØThe price of a stock fluctuates fundamentally due to the theory of supply and demand. Like all commodities in the market, the price of a stock is sensitive to demand. However, there are many factors that influence the demand for a particular stock.7.2.1Issuance of bond7.2.2Main Features of Bond:Principal,Maturity,Coupon,Yield,Credit Quality,MarketPrice7.2.3The kinds of Bond:Government bond,Municipal bond, Corporatebond,Mortgage bond,Insurance bond7.2.4Bond market7.2.5Bond market participants1903年铁路债券Section 7.2 Bond1935年的1000万元的美国国债7.2.1 Issuance of bondØIn finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.ØBonds are issued by public authorities, credit institutions, companies and supranational institutions in the primary marketsPrincipalMaturityCouponYieldCredit Quality7.2.2 Main Features of BondMarket PriceGovernment bondMunicipal bondCorporate bondMortgage bondInsurance bond7.2.3 The kinds of Bond7.2.4 Bond marketØThe bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.ØThis is usually in the form of bonds, but it may include notes, bills, and so on.7.2.5 Bond market participantsØBond market participants are similar to participants in most financial markets and are essentially either buyers (debt issuer) of funds or sellers (institution) of funds and often both.ØParticipants include:Institutional investors; Governments; Traders; Individuals.Section 7.3 Fund7.3.1What is fund?7.3.2Fund Constitution7.3.3Unit or share class7.3.4Investment aims7.3.5Types of risk7.3.6Kinds of Fund7.3.1 What is fund?ØAn investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group.ØInvestment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology).7.3.2 Fund ConstitutionØTypically there is:ØA fund manager or investment manager who manages the investment decisions.ØA fund administrator who manages the trading, reconciliations, valuation and unit pricing.ØA board of directors or trustees who safeguards the assets and ensures compliance with laws, regulations, and rules.ØThe shareholders or unitholders who own (or have rights to) the assets and associated income.ØA "marketing" or "distribution" company to promote and sell shares/units of the fund.7.3.3 Unit or share classØMany collective investment vehicles split the fund into multiple classes of shares or units.ØOne class may be sold through a stockbroker or financial adviser with an initial commission (front-end load) and might be called retail shares.ØAnother class may be sold with no commission (load) direct to the public called direct shares.ØStill a third class might have a high minimum investment limit and only be open to financial institutions, and called institutional shares.7.3.4 Investment aimsØEach fund has a defined investment goal to describe the remit of the investment manager and to help investors decide if the fund is right for them. The investment aims will typically fall into the broad categories of Income (value) investment or Growth investment.Income or value based investment tends to select stocks with strong income streams, often more established businesses.7.3.5 Types of riskØA common concern with any investment is that you may lose the money you invest—your capital. This risk is therefore often referred to as capital risk*.ØIf the assets you invest in are held in another currency there is a risk that currency movements alone may affect the value. This is referred to as currency risk*.ØMany forms of investment may not be readily salable on the open market (e.g. commercial property) or the market has a small capacity and investments may take time to sell. Assets that are easily sold are termed liquid therefore this type of risk is termed liquidity risk.*ØOpen-end fundØClosed-end fundØA mutual fundØMoney market funds ØBond fundsØStock or equity funds ØHybrid fundsØIndex fundØPension fundsØA fund is a source of money that is allocated for a specific purpose. A fund can be established for any purpose whatsoever, whether it is a city government setting aside money to build a new civic center，or a college setting aside money to award a scholarship, or an insurance company setting aside money to pay its customers’ claims.ØIndividuals, businesses and governments all use funds to set aside money. Individuals might establish an emergency fund or rainy-day fund to pay for unforeseen expenses, or a trust fund to set aside money for a specific person.ØIndividual and institutional investors can also place money in different types of funds with the goal of earning money. Examples include mutual funds, which gather money from numerous investors and invest it in a diversified portfolio of assets, and hedge funds, which invest the assets of high-net-worth individuals (HNWI) in a way that is designed to earn above-market returns. Governments use funds, such as special revenue funds, to pay for specific public expenses.下节课见。
《金融专业英语》单词汇总表
Rating Stock Dividend Principal Principal
n. n. n. n. adj. adj.
等级， 类别 公债，股份，股票，存货，供应物 红利， 股息 资本， 本金， 委托人 最重要的， 主要的 未偿付的， 困难未解决的， 工作未完成的 紧急援助 收购， 买入， 收购股权 （使）上市，把（证券）列入上市证券表 n. adj. n. 公开， 泄露， 揭露 衍生的， 导出的， 拷贝的 派生物，衍生物 （使）合并， （使）融合 n. n. 获得， 取得， 获得物 证券化， 资产证券化 支出，花费 n. n. n. n. 附属担保品，抵押品 契约，合同，正式凭单，文据 优先，优先权 评估， 评价 股份， 赌注， 风险
Depreciation Speculate Venture
Jasmine
- 4 -
《金融专业英语》
单词汇总表
Collect Draw Drawer Drawee Endorser Endorsee Payee Payer Acceptor n. n. v.
Appraisal Agency Regime n. n.
Administrative Governance Accrue Recession Depression Prosperity Recovery Allocation Distribution v. n.
Negotiable Commercial
v.
收款， 收帐 出票 出票人 受票人
Due Rate
adj. n. n. n. n. n. n. n. v. n. n. v. n. n. n. v. v. v. v. v. v.
金融专业英语名解五篇
金融专业英语名解五篇第一篇：金融专业英语名解（二）Explanation（名词解释）1.Primary markets：facilitate the issuance of new securities.The issuance of new corporate stock or new treasury securities is a primary market transaction.2.Secondary markets：facilitate the trading of existing securities.The sale of existing corporate stock or treasury security holdings by any business or individual is a secondary market transaction.3.Stock：Stocks(also referred to as equity securities)are certificates representing partial ownership in the corporations that issued them.mercial paper ：Commercial paper is a short-term debt instrument issued only by well-known creditworthy firms and is typically unsecured.5.Money market：Money markets are used to facilitate the transfer of short-term funds from individuals, corporations, or governments with excess funds to those with deficient funds.6.Repurchase agreements：Repo refers that one party sells securities to another with an agreement to repurchase the securities at a specified date and price.不确定7.Banker’s acceptances： A banker’s acceptances indicates that a bank accepts responsibility for a future payment.They are commonly used for international trade transactions.8.Euro-commercial paper：未找到9.Stripped treasury bonds：The cash flows of bonds are commonlytransformed(转化)by securities firms so that one security represents the principal payment only while a second security represents the interest payments10.Initial public offering ：An initial public offering is a first-time of shares by a specific firm to the public.As a privately held firm expands, it may need more funds than it can obtain through borrowing and therefore will consider an IPO.11.Secondary stock offerings ：A secondary stock offering is a new stock offering by a specific firm whose stock is already publicly traded.12.Put option：A put option grants the owner the right to sell…(看跌期权)13.Initial margin ：14.Bond index futures ：A bond index futures contract allows for the buying and selling of a bond index for a specified price at a specifies date.15.Exercise price of option ：is the price at which financial instrument can be bought or sold in the future.16.American option：The option which can be exercised on or before the maturity date is called American option17.Market-makers：can execute stock option transactions for customers, but they also trade stock options for their own account.18.Loanable funds theory ：The Loanable Funds theory, commonly used to explain interest rate movements, suggests that the market interest rate is determined by the factors that control the supply of and demand for loanable funds.19.Dynamic open market operation：20.Derivative securities ：securities are financial contracts whose values are derived from the values of underlying assets(such as debt securities or equity securities).第二篇：金融专业英语金融专业英语1、Financial System见photo1和photo2，监管机构要把一行三会、发改委、财政部、外管局、统计局的全称写上，其他三个部分也要写全称。
金融专业英语-中央银行-Central Bank
Part Two
Banking Industry in China
Contents
4
5
6
Central Bank—PBC
Commercial Banks
Hale Waihona Puke Supervision of Banking
4 Central
Chapter Bank—PBC
Chapter 4 Central Bank—PBC
➢ Ln order to strengthen financial supervision as well as to enhance the independence of the Central Bank in formulating and implementing the monetary policy*, China established the China Banking Regulatory Commission (CBRC) in April, 2003 as a special watchdog* for the banking industry.
4.1.3 Reform the Current Financial Structure
➢ The instruments of monetary policy are: statutory reserved rate of deposit, loan of central bank, official re-discount rate, open market operations, foreign exchange operations of central bank, loan restricted volume, deposit and loan rates of central bank.
金融专业英语教学课件
M2 is the most often used reference to money supply. M3 is the most often used reference to M2 is an even broader definition of the money supply, as it includes all money supply. M2是衡量货币供应量最 常用的参考值。 of the components of M1 and M2 plus a number金融资产 of financial assets and financial assets instruments generally employed by financial instruments n. 金融票据 large (jumbo) certificates of deposit.
2013-9-27
Chen Jianhui
8
Strictly enforced government regulations control how many of the deposited dollars must be held in fractional reserve loans. reserve to support deposit money expansion activities 部分准备金存 Loans made against this fractional 款扩张业务 reserve are a key factor in banking and current fractional reserve deposit money expansion activities. a
金融专业英语第二版课后答案
金融专业英语第二版课后答案1、During the Spring Festival, people in Northern China usually eat _______ as a traditional Chinese food. [单选题] *A. pizzaB. dumplings(正确答案)C. hamburgersD. noodles2、The plane arrived at London airport _______ Wednesday morning. [单选题] *A. on(正确答案)B. atC. inD. for3、The little girl held _____ in her hand. [单选题] *A. five breadsB. five piece of breadsC. five piece of breadD. five pieces of bread(正确答案)4、Many people prefer the bowls made of steel to the _____ made of plastic. [单选题] *A. itB. ones(正确答案)C. oneD. them5、You have been sitting on my hat and now it is badly out of（）. [单选题] *A. dateB. shape(正确答案)C. orderD. balance6、You cannot see the doctor _____ you have made an appointment with him. [单选题] *A. exceptB.evenC. howeverD.unless(正确答案)7、There are trees on both sides of the broad street. [单选题] *A. 干净的B. 狭窄的C. 宽阔的(正确答案)D. 宁静的8、One effective（）of learning a foreign language is to study the language in its cultural context. [单选题] *A. approach(正确答案)B. wayC. mannerD. road9、62．--There is? ? ? ? ? sale on in the shop today. Let’s go together.--Please wait? ? ? ? ? ?minute. I’ll finish my homework first. [单选题] *A．a; theB．a; a(正确答案)C．the; aD．the; the10、We sent our children to school to prepare them for the time _____ they will have to work for themselves. [单选题] *A. thatB. when(正确答案)C. whileD. as11、We have ______ homework today. （）[单选题] *A. too manyB. too much(正确答案)C. much tooD. very much12、My English teacher has given us some _______ on how to study English well. [单选题] *A. storiesB. suggestions(正确答案)C. messagesD. practice13、31．That's ______ interesting football game. We are all excited. [单选题] *A．aB．an(正确答案)C．theD．/14、( )Keep quiet, please. It’s ________ noisy here. [单选题] *A. many tooB. too manyC. too muchD. much too(正确答案)15、—Look at those purple gloves! Are they ______, Mary?—No, they aren’t. ______ are pink. （）[单选题] *A. you; IB. your; MyC. yours; Mine(正确答案)D. you; Me16、The twins _______ us something about their country. [单选题] *A. told(正确答案)B. saidC. talkedD. spoke17、Neither she nor her friends ______ been to Haikou. [单选题] *A. have(正确答案)B. hasC. hadD. having18、I often _______ music from the Internet. [单选题] *A. download(正确答案)B. spendC. saveD. read19、It is reported（）three people were badly injured in the traffic accident. [单选题] *A. whichB. that(正确答案)C.whileD.what20、Everyone here is _______ to me. [单选题] *A. happyB. wellC. kind(正确答案)D. glad21、His mother’s _______ was a great blow to him. [单选题] *A. diedB. deadC. death(正确答案)D. die22、Grandpa pointed to the hospital and said, “That’s _______ I was born?”[单选题] *A. whenB. howC. whyD. where(正确答案)23、45．—Let's make a cake ________ our mother ________ Mother's Day.—Good idea. [单选题] *A．with; forB．for; on(正确答案)C．to; onD．for; in24、69．Online shopping is easy, but ________ in the supermarket usually ________ a lot of time. [单选题] *A．shop; takesB．shopping; takeC．shop; takeD．shopping; takes(正确答案)25、80．Thousands of ________ from other countries visit the village every year. [单选题] *A．robotsB．postcardsC．tourists(正确答案)D．bridges26、Chinese people spend _____ money on travelling today as they did ten years ago. [单选题] *A. more than twiceB. as twice muchC. twice as much(正确答案)D. twice more than27、How beautiful the flowers are! Let’s take some _______. [单选题] *A. photos(正确答案)B. potatoesC. paintingsD. tomatoes28、Don’t ______. He is OK. [单选题] *A. worriedB. worry(正确答案)C. worried aboutD. worry about29、His father always _______ by subway. [单选题] *A. go to workB. go to schoolC. goes to bedD. goes to work(正确答案)30、____ is standing at the corner of the street. [单选题] *A. A policeB. The policeC. PoliceD. A policeman(正确答案)。
《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%。
金融专业英语怎么说
金融专业英语怎么说金融专业是以融通货币和货币资金的经济活动为研究对象，具体研究个人、机构、政府如何获取、支出以及管理资金以及其他金融资产的学科专业，是从经济学中分化出来的。
那么，你知道金融专业的英语单词怎么说吗?金融专业的英文释义：The financial specialty金融专业的英文例句：在各专业薪水排行榜上,财会专业和经济或金融专业的薪水增加幅度最大,分别位居第五名和第六名,其它专业依次是土木工程,管理和营销。
Accounting and economics or finance experienced the biggest growth, claiming the fifth and sixth spots, and rounding out the list, in order, were civil engineering, management and marketing.一份2006年毕业生调查报告显示：工程学专业的毕业生薪水仍位居各专业之首，财会专业和金融专业薪水增长较快。
of 2006, engineers still get top salary offers, but accounting and finance majors are climbing quickly.在各专业薪水排行榜上，财会专业和经济或金融专业的薪水增加幅度最大，分别位居第五名和第六名，其他专业依次是土木工程，管理和行销。
Accounting and economics or finance experienced the biggest growth, claiming the fifth and sixth spots, and rounding out the list, in order, were civil engineering, management and marketing.最后，提出在金融专业英语口语教学中实施情境—合作教学模式的一些思考与建设性建议，目的是为了更好地完善和推动金融专业英语口语教学。
金融专业英语Lesson3_cn 金融市场
金融市场第3课单词“金融”，标志着以货币形式，也就是，在借出或借入资金的形式，通常为资本的目的，资本，通过金融市场或金融机构。
当资金进入国际，它是那么一个国际金融。
什么是金融市场？这是一个地方发生的金融交易。
当金融交易之间发生了一个国家的居民和非居民的地方，它是一个国际金融交易，以及那里的交易买卖号称国际金融市场。
金融市场包括外汇市场，货币市场，资本市场和黄金市场。
通过对资金流动的金融市场可分为不同的阶层，这取决于金融债权被交易的特点和不同群体的需求。
在金融体系中最重要的部门之一，是与货币市场与资本市场。
货币市场是专为短期贷款。
这是该机构通过这些个人和机构的资金满足借款人的临时盈余有临时资金短缺谁。
因此，货币市场，使经济单位（主要是商业机构和政府）为管理流动资金。
按照惯例，贷款担保或一年内到期或以下被认为是货币市场工具。
对货币市场的主要职能之一是财务公司的营运资金需要，并提供有关的税收代替短期资金的政府。
货币市场还为证券和商品投机性买盘资金。
由于大多数贷款和货币市场交易的证券都很大，通常以百万美元的单位，它通常被称为一个批发市场，餐饮为最大借款国。
与此相反，资本市场融资的目的是通过企业，政府和家庭长期投资。
在资本市场资金交易成为可能，工厂，办公楼，公路，桥梁等在资本市场的金融工具的大小有原始期限超过一年，并从小额贷款范围的建设非常大的，多万美元信贷。
因此，在这两个批发（大）的贷款和证券及零售业（小）的贷款和证券资本市场交易。
在以下，我们将着眼于资本市场的研究。
如上所述，资本市场是指交易市场与贷款期限一年以上提到的，它也被称为中期和长期资本市场。
有两种类型的资金对资本市场，即，中期和长期的银行贷款和证券交易。
因此，资本市场，具体而言，可分为中期和长期的银行信贷市场和证券市场的分歧。
1。
中期和长期的银行信贷市场。
这是银行提供中期和长期信贷资金。
通过市场的中期和长期资金的供应和需求双方实现财务通融。
在市场需求方面主要是政府，工业和商业企业。
金融专业英语重要概念和理论
❶Economy: An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services .❷Finance: Finance is a field that deals with the allocation of assets and liabilities over time under conditions of certainty and uncertainty. ( ---A key point in finance is the time value of money, which states that purchasing power of one unit of currency can vary over time. Finance aims to price assets based on their risk level and their expected rate of return. )Bodies' <finance>: finance is the study of how people allocate scarce resources over time. Financial system is the set of markets and other institutions used for financial contracting and the exchange of assets and risks.<wiki>:A financial market is a market in which people and entities can trade financial securities.<Mishkin>: financial market is a market in which funds are transferred from people who have an excess of available funds to people who have a shortage.❸Corporate finance: Corporate finance is about how toincrease the value of the firm by dealing with the sources of funding and the capital structure of the firm.——(The primary goal of corporate finance is to maximize or increase shareholder value.)——or say corporate finance is a branch of finance dealing with financial decisions of firms.❹Option: an option is a contract which gives the buyer (the owner) the right, but not the obligation, to buy or sell an underlying asset at a specified strike price on or before a specified date.<more about option>The seller has the corresponding obligation to fulfill the transaction – that is to sell or buy – if the buyer (owner) "exercises" the option. The buyer pays a premium to the seller for this right. An option that conveys to the owner the right to buy something at a specific price is referred to as a call; an option that conveys the right of the owner to sell something at a specific price is referred to as a put.In basic terms, the value of an option is commonly decomposed into two parts:The first part is the intrinsic value, which is defined as the difference between the market value of the underlying asset and the strike price of the given option.The second part is the time value.❺Future: a futures contract is a contract between two parties to buy or sell an asset for a price agreed upon today (the futures price) with delivery and payment occurring at a future point, the delivery date. The buyer of the contract is said to be "long", and the party selling the contract is said to be "short".[1]❻APT: arbitrage pricing theory (APT) is a general theory of asset pricing that holds that the expected return of a financial asset can be modeled as a linear function of various macro-economic factors or theoretical market indices, where sensitivity to changes in each factor is represented by a factor-specific beta coefficient.The model-derived rate of return will then be used to price the asset correctly - the asset price should equal the present value of the future cash inflow at an interest rate or discount rate calculated by APT.❼MM theorem: The basic theorem states that the value of a firm is not affected by it's capital structure under certain assumptions. Instead it's decided by the value of it's real assets.Assumption: such as frictionless market,no asymmetric information.(a frictionless market is a financial market without transaction costs.)Consequently the Modigliani–Miller theorem is also often called the capital structure irrelevance principle.❽CAPM: the capital asset pricing model (CAPM) is used to determine a theoretically appropriate required rate of return of an asset if every investor hold the effective portfolio according to Markowitz model.The main idea of CAPM is that if all investors only hold risk-free asset and market portfolio, there will be a linear relation between the expected rate of return and the risks of the asset.The model takes into account the asset's sensitivity to non-diversifiable risk (also known as systematic risk or market risk), often represented by the quantity beta (β) in the financial industry, as well as the expected return of the market and the expected return of a theoretical risk-free asset. CAPM ―suggests that an investor’s cost of equity capi tal is determined by beta.‖❾EMH: the efficient-market hypothesis (EMH) asserts that financial markets are "informationally efficient". In consequence of this, one cannot consistently achieve returns in excess of average market returns .There are three major versions of the hypothesis: "weak", "semi-strong", and "strong". The weak form of the EMH claims that prices on traded assets already reflect all past publicly available information. The semi-strong form of the EMH claims both that prices reflect all publicly available information and that prices instantly change to reflect new public information. The strong form of the EMH additionally claims that prices instantly reflect even hidden or "insider" information.【10】DuPont analysis: DuPont Analysis is an expression which breaks ROE (Return On Equity) into three parts in order to analyze a company's financial condition,operating efficiency &profitability.【Basic formula 】ROE = (Profit margin)*(Asset turnover)*(Equity multiplier) = (Net profit/Sales)*(Sales/Assets)*(Assets/Equity)= (Net Profit/Equity)Profitability (measured by profit margin)Operating efficiency (measured by asset turnover)Financial leverage (measured by equity multiplier)【11】asymmetric information: Asymmetric information deals with the study of decisions in transactions where one party has more or better information than the other. This creates an imbalance of power in transactions, which can sometimes cause the transactions to go awry, a kind of market failure in the worst case. Examples of this problem are adverse selection,[1] moral hazard, and information monopoly.[2]Information asymmetry is in contrast to perfect information, which is a key assumption in neo-classical economics.【12】Derivative: Derivatives are financial instruments that derive their value from the prices of one or more other assets. Their principal function is to serve as tools for managing risks associated with the underlying assets.【13】Investment bankAn investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital. An investment bank may also assist companies involved in mergers and acquisitions (M&A).--Comparing the commercial bank and investment bank--(1).They are both intermediaries between those people who have an excess of available funds and people who have a shortage. But commercial banks are intermediaries of indirect finance and investment bank direct finance.(2).Basic business: the basic business of commercial banks is making loans and taking deposits. Investment banks securities underwriting business.(3).Commercial banks do their business in money market,whereas investment bank in capital market.【14】Open market operation: An open market operation (also known as OMO) is an activity by a central bank to buy or sell government bonds on the open market. A central bank uses them as the primary means of implementing monetary policy. The usual aim of open market operations is to manipulate the short-term interest rate and the supply of base money in an economy, and thus indirectly control the total money supply, in effect expanding money or contracting the money supply.【15】Quantitative easing: Quantitative easing (QE) is monetary policy used by a central bank to stimulate an economy when standard monetary policy has become ineffective.[1][2][3] A central bank implements quantitative easing by buying specified amounts of financial assets from commercial banks and other private institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the monetary base.Expansionary(扩张性的）monetary policy to stimulate the economy typically involves the central bank buying short-term government bonds in order to lower short-term market interest rates.However, when short-term interest rates reach or approach zero, this method can no longer work.[14] In such circumstances monetary authorities may then use quantitative easing to further stimulate the economy by buying assets of longer maturity than short-term government bonds, thereby lowering longer-term interest rates further out on the yieldcurve.[15][16]【16】direct finance：Direct finance is a method of financing where borrowers borrow funds directly from the financial market without using a third party service, such as a financial intermediary. This is different from indirect financing where a financial intermediary takes the money from the lender against an interest rate and lends it to a borrower against a higher interest rate. Direct financing is usually done by borrowers that sell securities and/or shares to raise money and circumvent the high interest rate of financial intermediary(banks).[1] We may regard transactions as direct finance, even when a financial intermediary is included, in case no asset transformation has taken place.【17】operating leverage means that because of fixed cost the percentage change in EBIT( earnings before interest and taxes) is larger than the % change in sales. It can be measured by DOL( the degree of operating leverage ) which is equal to the % change in EBIT divided by the % change in sales.---- financial leverage: because of the fixed cost of borrowing. EPS/EBIT. Earning per share.DFL: the degree of financial leverage.【18】exchange rate: an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency.【19】interest rate: is the cost of borrowing funds.【20】swap: a derivative in which two parties exchange future cash flows.【21】warrant: a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed exercise price until the expiry date.【22】convertible bond: a convertible bond is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company.【23】Financial engineering: there is no exact definition of FE. It mainly includes three parts: the theory of financial risk management; pricing derivatives; developing new financial product;【24】期权定价模型【25】PPP理论(purchasing power parity)【26】interest parity利率与汇率的关系1．利率变动对汇率的影响首先，利率政策通过影响经常项目对汇率产生影响。
金融专业英语(第二版)课件：Structured Finance
MBS的结构化拆分——“部分”or“分层”（即tranche）
MBS发行者从银行和金融公司购买了大量按揭贷款后，形成资产池，
并以资产池未来现金流来偿还投资者利息和本金。由于对同一MBS的投资
者中有人担忧按揭贷款被提前偿还，而另一部分希望尽可能早收回投资的
投资者却面临延长风险。因此发行人把MBS分为不同的“部分(tranche)”，
每个TRANCHE代表了对同一MBS 按揭池产生的现金流的不同级别的权利。
售给SPV，自留B类债权（因为这类债权不容易卖出好价钱），然后
SPV将这些贷款证券化出售给投资者。通过这种方式，可以将风险资
产转出资产负债表进而规避监管要求，如果是资信良好的大银行这样
做，甚至可以赚取利润。
CDO根据其标的资产的不同，可以分为CBO（以bond，市场流通
的债券为标的），和CLO（以loan,银行贷款为标的资产）两种类型。
性)
spectacular [spek'tæ kjələ(r) ] n. 奇观, 壮观; 豪华巨片; 展览物; 豪华电视片 adj. 壮观的; 引人注目的; 壮丽的; 惊人的 例句：The goalkeeper made a spectacular dive to save the
goal. 守门员一个极为精彩的鱼跃扑住了那个射门。
例如，一个CMO(Collateralized Mortgage Obligations指将房地产抵押贷
金融学专业专业英语
金融学专业专业英语一．专业词汇（150个）1. active securities热头股票2. corporate bonds公司债券3．retained earnings 未分配盈利4．time horizon投资期5.currency swap 货币掉期6.additional insurance 附加保险7.amount in words大写金额8.beneficiary payee受款人9.trade deficit 贸易逆差10. maximum limit of overdraft 透支额度11.bonds 债券，债票12.bonus share 红股13.discount rate 折扣率；贴现率mercial loan 商业贷款15.default fine 违约罚金16.across the board 全盘的17.bubble economy 泡沫经济18.bull market 牛市19.dividend 股息;分红20.active capital 活动资本21.savings accounts 储蓄存款帐户22.credit balance 贷方余额23.loan amount 贷款额24.cheque drawer 支票出票人25.credit cards 信用卡26.credit agreement 信贷协定27.reserve ratio 存款准备金比率28.issue bank 发行银行29.savings deposit 储蓄存款30.fixed deposit (=time deposit) 定期存款31.demand-deposit or checking-accounts 活期存款32. cash register 现金登记机，现金收入记录机，收银机33. dual trading 双重交易34. dumping 抛售35. financial world 金融界36. financial transaction 金融业务37.financial statement analysis 财务报表分析38. financial risk 金融风险39. financial lease 金融租赁40. electronic debts 电子借贷41.fundamental insurance 基本险42. future 期货43.futures commission merchants 期货经纪公司44.futures contract 期货合约45.futures delivery 期货交割46.futures margin 期货保证金47.futures market 期货市场48.futures price 期货价格49.futures transaction 期货交易50. cash receipts (CR) 现金收入51. cash receipts journal 现金收入日记帐52.cash records 现金记录53.cash ratio 现金比率54. draw 提款55. draw cheque 签发票据56. easy credit 放松信贷57.online-finance 在线金融58.online client （银行的）网上客户59.paper profit 帐面收益60.physical assets 有形资产61.project fund system 项目资本金制度62.share(stock) option 期权，股票认购权63. money-market 短期资本市场64. switch trade 转手贸易65. virtual bank 虚拟银行66. pension fund 养老基金67. venture-capital 风险资本ernment bond 政府债券69. shareholder 股东70. cook the book 做假帐71.regulatory system 监管体系72. audit 审计73. accounting firm 会计事务所74.Great Depression 大萧条75. recapitalize 资产重组76. automatic transfers between accounts 自动转帐77. balance 结余，差额，平衡78.bank balance 存款余额79.insurance contract 保險契約，保險合同80.insurance salesman 保險外勤81.insurance services 保險業務82.insure against fire 保火險83.appointed bank 外汇指定银行84.appreciation of exchange rate 汇率升值85.arbitrage 套利86.arbitrage of exchange 套汇87.arbitrage opportunity 套价机会88.arbitrage risks 套汇风险89.aftermarket 次级市场90.Interbank market 银行同业市场91.interest rate futures contract 利率期货合约92.interest rate policy 利率政策93.interest rate position 利率头寸94.interest rate risk 利率风险95.interest restriction 利息限制96.interest subsidy 利息补贴97.Industry and Commercial Bank 工商银行98.Swiss Bank Corporation 瑞士银行99.Standard Chartered bank 渣打银行100.Agricultural Bank of China 农业银行101.National City Bank of New York 花旗银行102.Hong Kong and Shanghai Banking Corp 汇丰银行103.foreign exchange crisis 外汇危机104.foreign exchange cushion 外汇缓冲105.foreign exchange dumping 外汇倾销106.foreign exchange earnings 外汇收入107.foreign exchange liabilities 外汇负债108.foreign exchange loans 外汇贷款109.foreign exchange parity 外汇平价110.foreign exchange quotations 外汇行情111.foreign exchange regulations 外汇条例112.foreign exchange reserves 外汇储备113.foreign exchange restrictions 外汇限制114.income in kind 实物所得115.income tax liabilities 所得稅債務116.income taxes 所得稅117.indemnity 賠償，補償118.indirect arbitrage 間接套匯119.insurance broker 保險經紀人120.insured 被保險人121.reserve 储备122.note 票据123.discount贴现124.circulate流通125.central bank 中央银行126.credit union 信用合作社127.paper currency 纸币128.credit creation 信用创造129.branch banking 银行分行制130.out of circulation 退出流通131.capital stock股本132.the gold standard金本位133.deficit 亏损134.default不履约135.auction拍卖136.collateralize担保137.markup价格的涨幅138.dealer交易员139.broker经纪人140.face amount面值141.floating-rate 浮动比率142.premium升水143.discount贴水144.deficit赤字145. funds statement 资金表146.capital movements资本流动147.foreign exchange dealings外汇交易148.balance of payment国际收支149.forward rate远期汇率150.cross rate交叉汇率二、专业英语句子翻译（20句）：1.The more profitable the company is, the easier to raise funds for the buyout.公司越有投资价值，越容易筹款收购。
金融专业英语-Money and Economics-金钱和经济-Money-金钱
Section 1.1 What is Money?
History of money
Meaning of Money
What is Money
Section 1.1 What is Money?
If you can actually count your money, then you are not really a rich man. -J. Paul Getty
the theoretical approach and the empirical approach
Section 1.4 Measuring Money Theoretical and Empirical Definition of Money
The federal reserve’s monetary aggregates
" Whether money is shells, or rocks, or gold, or paper, it has four primary functions in any economy: as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment. Of the four functions, its function as a medium of exchange is what distinguishes money from other assets such as stocks, bonds, and houses.”