金融英语
金融英语
Intermediaries
The primary distinction between the two channels is that, in the first case, i.e. direct financing, the investor is faced directly with the credit risk of the issuer, while in the second case, i.e. financing through financial intermediation, a financial institution, such as a bank, interjects itself between users and providers of funds. Any analysis of the sector of money market dominated by financial intermediaries must be very much concerned with these financial institutions themselves (their policies, financial conditions and official regulatory environment) in addition to those factors governing the suppliers and users of funds.
1.2
Functions
Apart from borrowing from banks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a debt instrument, such as a bond or a mortgage, which is a contractual agreement by the borrower to pay the holder of the instrument fixed amounts at regular intervals (interest and principal payments) until a specified date (the maturity date), when a final payment is made.
金融英语
mortgage抵押barter物物交换rates of exchange汇率credit union信用社double coincidence of wants需求双重巧合stock index股票指数surplus unit资金盈余单位deficit unit资金短缺单位 a means of payment for goods购货的支付手段repayment of debts债务偿还interest rate fluctuation利率波动financial asset金融资产money supply货币供给checking account支票账户Federal Reserve note联邦票据Federal Reserve bank联邦银行market mutual funds市场互助资金overnight loans隔夜贷款financial institution金融机构economic life经济生活be converted into转换成 a medium of exchange交换媒介unit of account记账单位stock market股票市场circulate流通，发行suspend使中止quota配额，定额，限额agreement协定，协议redeem将(纸币)兑换成硬币，用(股票等)兑取现金inflation通货膨胀，(物价)暴涨appreciate增值，涨价surveillance看守，监视，监督，检查International Monetary System国际货币体系balance of payments收支平衡International Monetary Fund (IMF)国际货币基金(组织) Bretton Woods System布雷顿森林体系The General Agreement on Tariffs and Trade(GATT)关贸总协定par value面值IMF system国际货币基金体系paper gold/SDRs纸黄金/特别提款权favorable payments balances国际收支顺差the gold standard金本位The Jamaica System牙买加体系Plaza Agreement广场协议Louvre Accord卢浮宫协议European Monetary System欧洲货币体系security证券denomination(货币)计值单位，面额commission佣金marketable适于销售的auction拍卖yield收益，回报default违约secure抵押，担保acceptance承兑fraudulent欺诈的fixed interest income固定利息收入bearish market 熊市bullish market牛市risk/return tradeoff风险回报考量mutual fund互助资金coupon bonds息票债券compound bonds复利time deposit定期存款tie up占用，冻结secondary market二级市场account receivable应收账款money market investment货币市场投资cash investment现金投资money market instrument货币市场工具Treasury Bills(T-bills)国债，国库券certificate of deposit(CD)大额存单commercial paper商业票据bankers’ acceptance银行承兑汇票Eurodollars欧洲美元repo回购协议dividend红利，股息hedge套期保值opportunity cost机会成本preferred stock优先股real assets不动产common stocks普通股EPS(Earning Per Share)每股收益fall short of不符合，达不到investment decision投资决策real interest rate实际利率excepted returns预期回报personal risk个人风险timing risk时机风险tenure risk时期风险company risk公司风险financial risk财务风险management risk管理风险market risk市场风险liquidity risk流动风险interest risk利率风险inflation risk通货膨胀风险exchange rate risk汇率风险reinvestment risk再投资风险national and international risk国家和国际风险economic risk经济风险industry risk工业风险tax risk税收风险political risk政治风险impact作用，影响survival生存havoc破坏，混乱unpredictability不可预期swap掉期，互换，做交易subsidiary子公司，辅助物indebtedness亏欠，欠债invoice发票，开发票offset抵消，冲销，补偿monetary units货币单位foreign currency外币in the absence of缺少，如果没有forward foreign exchange market远期外汇市场foreign currency swap外汇掉期spot transaction即期交易forward transaction远期交易parent company母公司home currency本币forward delivery远期交割set off抵消，抵补citizenship公民credit贷记debit借记reserve储备resident居民multinational corporations跨国公司balance of payments国际收支double-entry bookkeeping复式记账法capital and financial account资本与金融账户investment income投资收益tangible trade有形贸易trade deficit贸易赤字trade surplus贸易盈余intellectual properties知识产权capital inflow资本流入capital outflow资本流出portfolio investment间接投资，(有价)证券投资money market instruments货币市场工具official reserve assets官方储备资产foreign direct investment(FDI)外国直接投资address开立order指定的人bearer来人affiliate分支机构remittance汇款collection托收present提示cash兑现withdraw提取protest做拒绝证书round整数的bill of exchange汇票sight draft即期汇票arrival draft货到付款汇票time draft远期汇票grace period宽限期be bound to一定的，必定的collecting bank代收行remitting bank托收行crossed cheque划线支票open cheque现金支票traveler’s cheque旅行支票in one’s presence当某人面Traveler’s Letter of Credit旅行信用证Economists define money(or equivalently, the money supply)as anything that is generally accepted in repayment for goods or services or in repayment for debts.经济学家将货币(或货币供给)定义为在商品或服务的支付中或在偿还债务中被普遍接受的任何东西。
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:。
《金融英语》习题答案unit1-10
“高职高专商务英语专业规划教材”Unit 1 Financial Market Research练习参考答案I.Read through the text and answer the following questions.1.A financial market is a mechanism that allows people to easily buy andsell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction costs and at prices that reflect the efficient-market hypothesis.2.The raising of capital ;the transfer of risk and international trade3.Capital markets,commodity markets,money markets, derivative markets,insurance markets and foreign exchange markets .4.Financial markets fit in the relationship between lenders andborrowers.5.Individuals, companies, governments, municipalities and publiccorporations.II. Paraphrase the following expressions or abbreviations and translate them into ChineseCheck the answers from the Special Term Lists.III. Fill in the blanks with the proper wordsThe global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.IV.Translation.1.金融市场包括很多方面，包括资本市场，华尔街，甚至是市场本身。
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. The term "equity" in finance refers to:A. DebtB. Ownership interest in a companyC. A type of loanD. A financial statement2. Which of the following is not a type of financial derivative?A. FuturesB. OptionsC. StocksD. Swaps3. The process of evaluating the creditworthiness of a borrower is known as:A. Credit analysisB. Market analysisC. Risk managementD. Portfolio management4. In the context of finance, what does "leverage" mean?A. The use of borrowed funds to increase the potential return of an investmentB. The ratio of a company's assets to its liabilitiesC. The process of selling securities to the publicD. The ability to buy or sell securities without owningthem5. A bond that pays no periodic interest but is issued at a discount to its face value is called:A. A zero-coupon bondB. A coupon bondC. A convertible bondD. A junk bond6. Which of the following is a measure of a company's ability to meet its short-term obligations?A. Current ratioB. Debt-to-equity ratioC. Return on equity (ROE)D. Earnings per share (EPS)7. The term structure of interest rates refers to the relationship between:A. The risk of an investment and its expected returnB. The maturity of a debt instrument and its yieldC. The size of a company and its market shareD. The economic cycle and the stock market performance8. A financial instrument that allows the holder to buy or sell an asset at a specified price within a specific time period is known as:A. A futureB. A forwardC. An optionD. A swap9. In finance, the term "carry trade" refers to:A. Borrowing money at a low interest rate to invest in a higher-yielding assetB. The practice of selling securities shortC. The strategy of buying and holding stocks for long periodsD. The process of hedging against currency fluctuations10. The primary market is where:A. Securities are first offered to the publicB. Securities are traded after they have been issuedC. Companies buy back their own sharesD. Investors can purchase commodities二、填空题（每空1分，共10分）11. The ________ is the difference between the bid price and the ask price of a security.12. A ________ is a financial institution that accepts deposits and provides loans.13. The ________ is the process of buying and selling securities on the same day.14. The ________ is the risk that the value of an asset will decrease due to market conditions.15. A ________ is a financial statement that shows a company's financial performance over a specific period.16. The ________ is the risk that a borrower will not repay a loan.17. A ________ is a type of investment fund that pools money from many investors to purchase a diversified portfolio of assets.18. The ________ is the potential for an asset's value toincrease or decrease.19. The ________ is the process of determining the value of a business or business assets.20. A ________ is a financial instrument that represents ownership in a company.三、简答题（每题5分，共30分）21. Explain the concept of "leverage" in finance.22. What is the difference between a "mutual fund" and a "hedge fund"?23. Describe the role of a "stock exchange" in the financial markets.24. What is "risk management" and why is it important in finance?四、论述题（每题20分，共40分）25. Discuss the impact of "inflation" on different types of investments.26. Analyze the importance of "corporate governance" in ensuring the long-term success of a company.答案：一、1. B2. C3. A4. A5. A6. A7. B8. C9. A10. A二、11. Spread12. Bank13. Day trading14. Market risk15. Income statement16. Credit risk17. Mutual fund18. Volatility19. Valuation20. Stock三、21. Leverage in finance refers to the use of borrowed money to finance investments, with the goal of increasing potential returns. However, it。
金融英语课后答案汇总
Part One1. What are the main roles of banks?答：Although banks share many common features with other profit-seeking business,they play a unique role in the economy through mobilizing savings,allocating capital funds to fiance productive investment,transmitting monetary policy,providinga payment system and transforming risks.3. According to the revised edition of the Law of the People's Republic of China on the People's Bank of China ,what functions does the PBC perform?答：The PBC 's key functions are to conduct monetary policy, prevent and dissolve financial risks, and maintain financial stability under the leadership of the State Council.4. Can you give some examples of indirect instruments for implementing monetary policy?答：Indirect instruments as required reserve ratio, interest rate adjustment and open market operations.9. What is your definition of share and bond?答：Shares are certificates or book entries representing ownership in a corporation or similar entity.Bonds are written evidences of debts.13. What is your definition of “securities”?答：Securities are paper certificates (definitive securities) or electronic records (book-entry securities) evidencing ownership of equity (stock) or debt obligations (bonds).Part Two2. What are the objectives of banking supervision?First, the key objective of supervision is to maintain stability and public confidence in financial system.The second goal of bank supervisions to ensure that bank operate in a safe and sound manner and that they hold capital and reserve sufficient to cover the risks that may arise in their business.Third, a related goal is to protect depositors’ funds and , if any bank should fail, to minimize the losses to be absorbed by the deposit insurance fund.The fourth goal of bank supervision is to foster an efficient and competition banking system that is responsive to the public need for high quality financial services at reasonable cost.The fifth and final goal of bank supervision is to ensure compliance with banking laws and regulations.3. What risks might the commercial banks have to face?(1)credit risk (2)market risk (3)liquidity risk (4)operational risk (5)legal risk (6)reputation risk4. What are the implication of credit risk, market risk, liquidity risk and operational risk?Credit risk: A major type of risk that banks face is credit risk or the failure of a counterpart to perform according to a contractual arrangement.Market risk: Two specific elements of market risk are foreign exchange risk and interest risk. Banks face a risk of losses in on- and off-balance sheet positions arising from movement in exchange rates. Interest rate risk prefers to the exposure of a bank’s financial condition to adverse movements in interest rates.Liquidity risk: Liquidity risk arises from the inability of a bank to accommodate decreases in liabilities or to fund increases in assets.Operational risk: The most important types of operational risk involve breakdowns in internal controls and corporate governance..5.At what levels does the Basel Accord set the minimum capital ratio requirements for internationally active banks?The Accord sets minimum capital ratio requirements for internationally active banks of 4% tier one capita and 8% total capital (tier one plus tier two) in relation to risk-weighted assets.Part Three1. What does foreign exchange include ?答：Foreign exchange includes the following means of payments and assets denominated in a foreign currency that can be used for international settlement:●Foreign currencies, including banknotes and coins;●Payment vouchers denominated in foreign currency, including negotiableinstruments, bank certificates of deposit and certificates of postal savings;●Securities denominated in foreign currency, including government bonds,corporate bonds and stocks;●Super-national currencies such as Special Drawing Rights and the Euro; and●Other assets denominated in foreign currency.3. What are the requirements for domestic institutions for opening foreign exchange accounts abroad?答：Domestic entities which meet one of the following requirements may apply for opening a foreign exchange account abroad:●Expecting small amount income during a certain period of time abroad;●Expecting small amount ex penditure during a certain period of time abroad;●Undertaking overseas construction projects;and issuing securities denominated in foreign currency abroad.6. Give the definition of foreign exchange?答：Foreign exchange , or forex , is foreign money. All foreign currency, consisting of founds held with banks abroad, or bills or cheques, again in foreign currency and payable abroad , are termed foreign exchange.9. Give the definition of spot and forward transaction?答：Spot transactions involve today’s p rices of currency and delivery of the currency within two business days, except for Canadian dollar (CAD), which must be delivered in one day.10. Tell the difference between forward and futures transactions?答：(1) Forward transactions involve today’s pr ices of currency and delivery on a stipulated future date.(2) Futures transactions are always traded on exchanges. In order to be marketable on exchanges, futures contracts are standardized in terms of quantity, settlement datesand quotation.Part Four14. How could a bank earn interest income?答：The principal source of income for the majority of banks is still the interest received on the funds that the institution has at its disposal and is able to lend out in some form.Whenever a bank lends out money it will generally charge interest to the customer.21. Why should a bank keep sufficient liquid assets?答：It is important for a bank to hold sufficient liquid assets to meet the demands of depositors who may seek to withdraw their funds. However,maintenance of too high a level of liquid assets could be expensive. Cash balances in particular yield no income,yet will cost the same as any other asset to fund.25. What are the three major activities included in a bank's Statement of Cash Flows?答：The statement of cash flows reports cash flows relating to operating,investing and financing activities of a bank.Part five4. What are negotiable instruments? list some examples.答：From a functional perspective, negotiable instruments are documents used in commerce to secure the payment of money. Paying large sums of money in cash is both inconvenient and, unfortunately, risky. In all cases, negotiable instruments represent a right to payment. A right is, by definition, a promise and not a tangible piece of property. So, negotiable instruments are classified as choses in action. The three main types of them are the following: Bills of Exchange, Cheques, Promissory Notes.7. What’s the difference between capital lease and operating lease?答：1: Whether the ownership of property is to be transferred by the end of lease term.2: Whether the lease has an operation to purchase the leased property at a bargain price.3: The lease term is long to or short in according to the estimated economic life of the leased property.4: Whether the lease is a cancelable lease.5: Whether the lease is full-payout lease.9. What’s the meaning of Account Receivable Financing?答：Accounts Receivable represents a promise from customers to pay for a goods sold or services rendered. Account Receivable Financing is a form of collateralized lending in which accounts receivables are the collateral.12. What are basic characteristics of money mark securities?答：Money-mark securities, which are discussed in details later in this chapter, have three basic characteristics in common:They are usually sold in large denominations.They have low default risk.They mature in one year or less from their original issue date. Most money marker instruments mature in less than 120 days.Why teasury bills are attractive to investors?答：Teasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk .Even if the government ran out of money, it could simply print more to pay them off when they mature.The risk of unexpected changes in inflation is also low because of their short-termmaturity. 15. What are the features of inter-bank markets?答：Inter-bank markets are money markets in which short-term funds transferred (lent or borrowed) between financial institutions, usually for one day, that is , they are usually overnight investment . The interest rate for borrowing these funds is close to ,but always slightly higher than ,the rate that is available from the central bank. 17．How have NCDs become the second most popular money market instruments?答：Negotiable CDs are in large denominations .Although NCDs denominations are too large for individual investors , they are sometimes purchased by money market funds that have pooled individua l investor’s funds. Thus , the existence of money market funds allows individuals to be indirect investors in NCDs ,marking a more active NCD market.19.What products does the on-line banking provide?答：basic products and services, intermediate products and services ,advanced products and services.Part Six1,What categories can the loan be divided according to their risk?答：The five-category system classifies bank loans according to their inherent risks as pass(normal),special-mention,substandard,doubtful and loss.What are the commonly used methods of credit analysis?答：Tranditionally,key risk factors have been classified according to the five CS of credit:character,capital,capacity,conditions,and collateral. Golden and Walker identify the five CS of bad credit,representing things to guard against to help prevent problems.These include complacency,carelessness,communication breakdown,contingencies,and competition.A useful framework for sorting out the facts and opinions in credit analysis is the 5Ps approach:people,purpose,payment,protection,and perspective.How can a bank take security for an advance?答：A bank has different kinds of security as cover for advance to his customers.There are several ways in which a bank may take security for an advance by lien,pledge,mortgage and hypothecation.。
金融英语(fect)综合考试的一些重点
A chart on which only the closing price for each period is tracked.
连线图
只记录每一时期收盘价的图表。
Point and Figure Chart
A chart which records price changes in columns using x’s for upward moves and o’s for downward moves in a given period.
非累积优先股
如果公司没有分配红利，那么这些红利不会累积到下一次。
Voting Rights
The right of common shareholders to vote for the election of officers of a corporation as well as on other issues regarding its operations.
Company Leader
A top employee of a company who has a vision for the future and can communicate effectively inspiring others to work toward that vision.
The level beyond which a stock price cannot rise due to selling pressure in the market.
阻力线
股价由于市场抛售压力停止上涨的一条线。
Volume
Total number of shares of a security traded in a certain period.
金融英语翻译
金融用英语怎么说finance和banking都是金融的英语。
1、finance。
读音：英[ˈfaɪnæns]；美[fəˈnæns, faɪ-, ˈfaɪˌnæns]。
词性：n.和vt.。
做名词时意为金融，作动词时意为为…供给资金，从事金融活动；赊货给…；掌握财政。
变形：过去式：financed；过去分词：financed；现在分词：financing；第三人称单数：finances。
例句：The finance minister will continue to mastermind Poland's eco nomic reform.翻译：财政部长将继续策划波兰的经济改革。
2、banking。
读音：英[ˈbæŋkɪŋ]；美[ˈbæŋkɪŋ]。
词性：n.和v.。
做名词时意为金融，做动词时意为堆积(bank的现在分词)；筑（堤）；将（钱）存入银行；（转弯时）倾斜飞行。
例句：His government began to unravel because of a banking scand al.翻译：他的政府由于一起金融丑闻而开始瓦解。
扩展资料金融的常见英文词组：financial ratios、financial stringency、financial ref orm。
1、financial ratios。
释义：财务比率。
中文解释：财务比率是财务报表上两个数据之间的比率，这些比率涉及企业管理的各个方面。
例句：Ratio analysis is the process of determining and evaluating fin ancial ratios.翻译：比率分析是指对财务比率进行决定和评价的过程。
2、financial stringency。
发音：[faɪˈnænʃ(ə)l ˈstrindʒənsi]。
释义：金融呆滞。
《金融英语》试卷(I卷)
常熟理工学院2012〜2013学年第二学期20XX 级后续课《金融英语》考查试卷（I 卷）试题总分：Part I Listening Comprehension©' 25=50')Section A Short ConversationsListe n carefully and choose the best an swer to the questi on after each conv ersatio n.1. Which of the following is NOT among the four major commercial banks of China?A. Ba nk of China.B. China Co nstruction Ba nk.C. I ndustrial and Commercial Ba nk of Chi na.D. The People's Bank of Chi na.2. Which of the following is NOT mentioned in the dialog?A. China Mercha nts Ban k.B. I ndustrial Ba nk Co., Ltd.C. China Citic Bank.D. Chi na Min she ng Banking Corp. Ltd. 3. What is the man accord ing to the dialog?A. A bank man ager.B. A clerk of a foreig n bank.C. A uni versity stude nt.D. A teacher from a college.4. Which of the followi ng has the right to decide the preside nt of BOC?A. The shareholders.B. The shareholders' meet ing.C. The Board of Directors.D. The Preside nt Office.5. A. The man lost his checkbooks.B. The man lost his passport.C. The man lost his password.D. The man lost his passbook. 6. A. Hous ing loa n.B. Foreig n curre ncy loa n.C. Dollar loa n.D. Credit loa n. 7. A. Jan uary 24. B. February 31. C. Jan uary 25. D. February 26.8. A. Payme nt by dema nd drafts. B. Payme nt by collectio n.C. Payme nt by letters of credit.D. Payme nt by remitta nee. 9. A. To avoid problems aris ing from in flatio n.B. To preve nt possible fraud.C. To avoid problems aris ing from fluctuati ons of excha nge rate.D. To preve nt overdraw ing. 10. A. In spect ion certificate. B. Certificate of origi n. C. In sura nee policy. D. Bill of ladi ng.Section B Long ConversationListe n to the conv ersati on carefully and choose the best an swer to each of the questio ns below.11. Which of the following statements was mentioned in the magazine The Banker?A. BOC ranked the 9th amo ng the world's top 1,000 banks in 2007.B. BOC is one of the four big commercial banks of China.C. The developme nt of BOC is un believable.D. The top man ageme nt of BOC is young and effective. 12. What are the main sect ions un der the top man ageme nt of BOC?A. Corporate banking sect ion and retail banking sect ion.B. Security sect ion and supervisory sect ion.C. Operati onal sect ion and supervisory sect ion.D. Audit ing sect ion and in spect ion secti on. 13. Which do you think is NOT the duty of the supervisory section?A. Audit ing the ban k's acco un ts.B. Han dli ng gen eral affairs.C. Being resp on sible for the security of the ban k..D. Oversee ing the banking operati on. 14. What is the bus in ess scope of the operati onal secti on?A. Banking bus in ess.B. Gen eral bus in ess.C. Support ing bus in ess.D. All items men ti oned above.15. Which of the followi ng is NOT men ti oned among the bus in esses offered by BOC?A. Retail banking.B. Docume ntary letter of credit.C. On li ne banking or e-ba nking.D. Finan cial advisory service. Section C PassagesDirecti ons: In this sect ion, you will hear three short passages. At the end of each passage, you will hear some questi ons. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. The n mark the corresp onding letter on the ANSWER SHEET with a si ngle line through the cen ter.Passage One16. A. 1992 B. 1993 C. 1994 D. 199517. A. The People's Bank of China. B. China Foreig n Excha nge Tradi ng Cen ter.C. I nter-ba nk Foreig n Excha nge Market.D. The State Admi nistratio n of Foreig n Excha nge.18. A. 1%0.3% C. 0.5% Passage Two19. A. High risk. B. A type of credit product. 20. A. Collateral loan. B. Educati on loa n.21. A.1952 B.1958 D. 0.4% C. High in terest. D . A ki nd of revolvi ng loa n C. Mortgage loa n. D . Commercial loa n. C.1962 D . 1968C. Public con fide nce in the in surers rema ined low.D. A rise in Tokyo stock helped improve the bala nce sheets of life in surers.Part II. Reading Comprehension (30 ')Section A (1 '*10=10 ')Directions: Each of the following sentences is provided with four choices. Choose the one that best completes the sentence.26. Although the compa ny showed a profit, the bala nce sheet looks in creas in gly .A. brightB. dimC. shallowD. fragile 27. _ money refers to curre ncy issued on the basis of ban k's credit in stead of gold reserve. A. Fair B. Fiduciary C. FixedD. Deposit 28. In creased flows of world capital inten sify finan cial competiti on among n ati ons. This trend places pressures on n ati onal gover nment to their domestic markets and liberalize intern ati onal capital moveme nts.A. removeB. settleC. deregulateD. con trol 29. Many finan cial tran sacti ons are _ sheet items such as in terest rate swaps and are not clearly ide ntified through the usual report ingcha nn els.A. zeroB. capitalC. off-bala nceD. major30. The ban kers _ the steel compa ny's new shares, which means the share issue will be sold to the ban kers in stead of the public directly. A. un derwrite B. un dercharge C. un dertakeD. un derestimate 31. With no in terest rate _ on deposits or restrict ions on maturities, banks can offer any deposit product customers dema nd. A. cutB. ceili ngsC. dema ndD. con tract 32. From ban k's perspective, liabilities have become more in terest elastic, so that small rate cha nges can produce large fluctuati ons in bala nces.A. outsta ndingB. outreach ingC. rema iningD. dema nding33. Checks are attractive because they are readily accepted and provide formal _______________ of payment. A. credit B. verificati onC. clarityD. collectio n 34. Normally, ____ capital loans are secured by accounts receivable or by pledges of inventory and carry a floating interest rate on theamounts actually borrowed aga inst the approved credit line.A. curre ntB. stockC. work ingD. Ion g-term35. Dealers in gover nment and private securities n eed short-term financing to purchase new securities and carry their exist ing portfolios ofsecurities un til those securities are sold to customers or reach ________ .A. bus in essB. marketsC. maturityD. objectiveSection B (2*10=20 * Directi ons: Read the passages and choose the right an swer for each questio n.Passage 1Text ?36. How many types of banks or banking in stitutio ns are men ti oned in the lecture?A. 5.B. 4.C. 52.D. 183.37. Which of the follow ing is NOT a join t-equity commercial bank? A. China Min she ng Ba nki ng Corp. Ltd. B. Bank of East Asia.C. China Citic Bank.D. Bank of Commun icati ons.38. How many bran ches and sub-bra nches have foreig n banks set up in China accord ing to the speaker?A. 264.B. 177.C. 183.D. 235. 39. Which of the follow ing was once ran ked amon gst the top three stron gest banks in Chin a's mainland?A. Chi na In dustrial Ba nk.B. Ba nk of East Asia.C. China Mercha nts Ba nk.D. Sha nghai Pudo ng Developme nt Ban k.40. Which of the following is a wholly foreign-owned bank?A. Chi na Min she ng Ba nki ng Corp., Ltd.B. Chi na Citic Bank.C. Hong Kong & Shan ghai Banking Corporati on Limited.D. China Export & Import Bank.Passage 2Liabilities are "outsider claims ” , whiche economic obligations, debts payable to outsiders. These outside parties are called creditors.Financial statement users such as creditors are interested in the due dates of an entity's liabilities. The sooner a liability must be paid, the more curre nt it is. Liabilities that must be paid on the earliest future date create the greatest stra in on cash. Therefore, the bala nce sheet lists liabilities in the order in which they are due. Knowing how many of a bus in ess's liabilities are curre nt and how many are Ion g-term helps creditors assess the likelihood of collecting from the entity. Balance sheets usually have at least two liability classifications: current liabilities and Iong-term liabilities.Current liabilities are debts that are due to be paid with in one year or with the en tity's operati ng cycle. Notes payable due with in one year, salary 22. A. It is a ki nd of short-term loa n.C. It is supposed to pay back at one time.Passage Three23. A. A rise in Tokyo stock.B. It is also called bridge loa n. D. Its maturity exceeds five years.C. Negative spread.24. A. Rise. B. Fall. 25. A. The value of outsta nding policies went dow n. B. Japa n's life in sura nee firms. D. Japa nese life in surers' difficult situati on.C. Rema in un cha nged.D. Not sure. B. Life in surers' n egative spreads ten ded to grow small.payable, unearned reve nue, and in terest payable owed on no tes payable are curre nt liabilities.Long-term liabilities are those liabilities other than current ones.41. The liabilities are classified as current or Iong-term liabilities according to _ .A. the liquidity of the liabilityB. the future date when the liability must be paidC. the operati ng cycleD. one year42. Liabilities are __ .A. money borrowed from banksB. money received from creditorsC. "outsider claims ” which are economic obligations, debts payable to outsidersD. notes receivable43. Which of the followi ng is current liability?A. cashB. inventoryC. salary payableD. money from the bank44. Which of the following is Iong-term liability?A. debt payable due with 10 yearsB. inven toryC. unearned revenueD. note payable due withi n 6 mon ths45. For a note payable to be paid in in stallme nts with in 5 years, which of the follow ing stateme nts is correct?A. The first installment due within one year is a current liability.B. The first installment due within one year is a Iong-term liability.C. All the in stallme nts due are Ion g-term liabilities.D. All the in stallme nts due are curre nt liabilities.Part ill. Translation (2‘ *=10')Part IV. Writing (10 ')Directions: You are asked to write a report on Bank of China with 120 words to make the brief introduction of BOC s orga ni zati ons and developme nt.。
金融英语第二版刘文国课后翻译题答案
金融英语第二版刘文国课后翻译题答案中译英：一.1.金融管理是商业管理的重要方面之一，没有合适的金融计划企业是不可能成功的。
Finance is one of the most important aspects of business management. Without proper financial planning a new enterprise is unlikely to be successful.2.金融中介机构的基本宗旨是把不受公众欢迎的金融资产转变为他们能够接受的金融资产。
Financial intermediaries play the basic role of transforming financial assets that less desirable for a large part of the public into other financial assets-their own liabilities-which are more widely preferred by the public.3.企业经营是有风险的，因而，财务经理必须对风险进行评估和管理。
Businesses are inherently risky, so the financial manager has to identify risks and make sure they are managed properly.4.投资决策首先是指投资机会，常常指资本投资项目。
The investment decision stars with the identification of investment opportunities, often referred to as capital investment projects.5.现金预算常常被用来评估企业是否有足够的现金来维持企业的日常经营运转和（或）是否有太多现金富裕。
金融英语(术语)
金融英语(术语)inflation通货膨胀deflation通货紧缩tighter credit紧缩信贷monetary policy货币政策foreign exchange外汇spot transaction即期交易forward transaction远期交易option forward transaction择期交易swap transaction调期交易quote报价settlment and delivery交割Treasury bond财政部公债current-account经常项目pickup in rice物价上涨Federal Reserve美联储buying rate买入价selling rate卖出价spread差幅contract合同at par平价premium升水discount贴水direct quoation method直接报价法indirect quoation method间接报价法dividend股息domestic currency本币floating rate浮动利率parent company母公司credit swap互惠贷款venture capital风险资本book value帐面价值physical capital实际资本IPO(initial public offering)新股首发；首次公开发行job machine就业市场welfare capitalism福利资本主义collective market cap市场资本总值glolbal corporation跨国公司transnational status跨国优势transfer price转让价格consolidation兼并leverage杠杆financial turmoil/meltdown金融危机file for bankruptcy申请破产bailout救助take over收购buy out购买(某人的)产权或全部货物go under破产take a nosedive（股市）大跌tumble下跌falter摇摇欲坠on the hook被套住shore up confidence提振市场信心stave off挡开,避开,liquidate assets资产清算at fire sale prices超低价sell-off证券的跌价reserve储备note票据discount贴现circulate流通central bank中央银行the Federal Reserve System联邦储备系统credit union信用合作社paper currency纸币credit creation信用创造branch banking银行分行制unit banking单一银行制out of circulation退出流通capital stock股本at par以票面价值计electronic banking电子银行banking holding company公司银行the gold standard金本位the Federal Reserve Board联邦储备委员会the stock market crash股市风暴reserve ratio准备金比率division of labor劳动分工commodity money商品货币legal tender法定货币fiat money法定通货a medium of exchange交换媒介legal sanction法律制裁face value面值liquid assets流动资产illiquidl assets非流动资产the liquidity scale流动性指标real estate不动产checking accounts,demand deposit,checkable deposit活期存款time deposit定期存款negotiable order of withdrawal accounts大额可转让提款单money market mutual funds货币市场互助基金repurchase agreements回购协议certificate of deposits存单bond债券stock股票travelers'checks旅行支票small-denomination time deposits小额定期存款large-denomination time deposits大额定期存款bank overnight repurchase agreements银行隔夜回购协议bank long-term repurchase agreements银行长期回购协议thrift institutions存款机构financial institution金融机构commercial banks商业银行a means of payment支付手段a store of value储藏手段a standard of value价值标准deficit亏损roll展期wholesale批发default不履约auction拍卖collateralize担保markup价格的涨幅dealer交易员broker经纪人pension funds养老基金face amount面值commerical paper商业票据banker's acceptance银行承兑汇票Fed fund联邦基金eurodollar欧洲美元treasury bills国库券floating-rate浮动比率fixed-rate固定比率破产 insolvency有偿还债务能力的 solvent合同 contract汇率 exchange rate私营部门 private sector财政管理机构 fiscal authorities宽松的财政政策 slack fiscal policy税法 tax bill财政 public finance财政部 the Ministry of Finance平衡预算 balanced budget继承税 inheritance tax货币主义者 monetariest增值税 VAT (value added tax)收入 revenue总需求 aggregate demand货币化 monetization赤字 deficit经济不景气 recessiona period when the economy of a country is not successful, business conditions are bad, industrial production and trade are at a low level and there is a lot of unemployment经济好转 turnabout复苏 recovery成本推进型 cost push货币供应 money supply生产率 productivity劳动力 labor force实际工资 real wages成本推进式通货膨胀 cost-push inflation需求拉动式通货膨胀 demand-pull inflation双位数通货膨胀 double- digit inflation极度通货膨胀 hyperinflation长期通货膨胀 chronic inflation治理通货膨胀 to fight inflation最终目标 ultimate goal坏的影响 adverse effect担保 ensure贴现 discount萧条的 sluggish认购 subscribe to支票帐户 checking account货币控制工具 instruments of monetry control借据 IOUs(I owe you)本票 promissory notes货币总监 controller of the currency拖收系统 collection system支票清算或结算 check clearing资金划拨 transfer of funds可以相信的证明 credentials改革 fashion被缠住 entangled货币联盟 Monetary Union再购协议 repo精明的讨价还价交易 horse-trading欧元 euro公共债务 membership criteria汇率机制 REM储备货币 reserve currency劳动密集型 labor-intensive股票交易所 bourse竞争领先 frontrun牛市 bull market非凡的牛市 a raging bull规模经济 scale economcies买方出价与卖方要价之间的差价 bid-ask spreads 期货（股票） futures经济商行 brokerage firm回报率 rate of return股票 equities违约 default现金外流 cash drains经济人佣金 brokerage fee存款单 CD(certificate of deposit)营业额 turnover资本市场 capital market布雷顿森林体系 The Bretton Woods System经常帐户 current account套利者 arbitrager远期汇率 forward exchange rate即期汇率 spot rate实际利率 real interest rates货币政策工具 tools of monetary policy银行倒闭 bank failures跨国公司 MNC ( Multi-National Corporation) 商业银行 commercial bank商业票据 comercial paper利润 profit本票，期票 promissory notes监督 to monitor佣金（经济人） commission brokers套期保值 hedge有价证券平衡理论 portfolio balance theory 外汇储备 foreign exchange reserves固定汇率 fixed exchange rate浮动汇率 floating/flexible exchange rate 货币选择权（期货） currency option套利 arbitrage合约价 exercise price远期升水 forward premium多头买升 buying long空头卖跌 selling short按市价订购股票 market order股票经纪人 stockbroker国际货币基金 the IMF七国集团 the G-7监督 surveillance同业拆借市场 interbank market可兑换性 convertibility软通货 soft currency限制 restriction交易 transaction充分需求 adequate demand短期外债 short term external debt汇率机制 exchange rate regime直接标价 direct quotes资本流动性 mobility of capital赤字 deficit本国货币 domestic currency外汇交易市场 foreign exchange market国际储备 international reserve利率 interest rate资产 assets国际收支 balance of payments贸易差额 balance of trade繁荣 boom债券 bond资本 captial资本支出 captial expenditures商品 commodities商品交易所 commodity exchange期货合同 commodity futures contract普通股票 common stock联合大企业 conglomerate货币贬值 currency devaluation通货紧缩 deflation折旧 depreciation贴现率 discount rate归个人支配的收入 disposable personal income 从业人员 employed person汇率 exchange rate财政年度fiscal year自由企业 free enterprise国民生产总值 gross antional product库存 inventory劳动力人数 labor force债务 liabilities市场经济 market economy合并 merger货币收入 money income跨国公司 Multinational Corproation个人收入 personal income优先股票 preferred stock价格收益比率 price-earning ratio优惠贷款利率 prime rate利润 profit回报 return on investment使货币升值 revaluation薪水 salary季节性调整 seasonal adjustment关税 tariff失业人员 unemployed person效用 utility价值 value工资 wages工资价格螺旋上升 wage-price spiral收益 yield补偿贸易 compensatory trade, compensated deal 储蓄银行 saving banks欧洲联盟 the European Union单一的实体 a single entity抵押贷款 mortgage lending业主产权 owner's equity普通股 common stock无形资产 intangible assets收益表 income statement营业开支 operating expenses行政开支 administrative expenses现金收支一览表 statement of cash flow贸易中的存货 inventory收益 proceeds投资银行 investment bank机构投资者 institutional investor垄断兼并委员会 MMC招标发行 issue by tender定向发行 introduction代销 offer for sale直销 placing公开发行 public issue信贷额度 credit line国际债券 international bonds欧洲货币Eurocurrency利差 interest margin以所借的钱作抵押所获之贷款 leveraged loan权利股发行 rights issues净收入比例结合 net income gearing证券行业词汇share, equity, stock 股票、股权;bond, debenture, debts 债券;negotiable share 可流通股份;convertible bond 可转换债券;treasury/government bond 国库券/政府债券;corporate bond 企业债券;closed-end securities investment fund 封闭式证券投资基金; open-end securities investment fund 开放式证券投资基金; fund manager 基金经理/管理公司;fund custodian bank 基金托管银行;market capitalization 市值;p/e ratio 市盈率;(price/earning)mark-to-market 逐日盯市;payment versus delivery 银券交付;clearing and settlement 清算/结算;commodity/financial derivatives 商品/金融衍生产品;put / call option 看跌/看涨期权;margins, collateral 保证金;rights issue/offering 配股;bonus share 红股;dividend 红利/股息;ADR 美国存托凭证/存股证;(American Depository Receipt) GDR 全球存托凭证/存股证;(Global Depository Receipt) retail/private investor 个人投资者/散户;institutional investor 机构投资者;broker/dealer 券商;proprietary trading 自营;insider trading/dealing 内幕交易;market manipulation 市场操纵;prospectus 招股说明书;IPO 新股/初始公开发行;(Initial Public Offering) merger and acquisition 收购兼并。
金融英语词汇大全
金融英语词汇大全1. Introduction金融英语是指与金融相关的英语表达和词汇。
在全球化的经济和金融市场中，金融英语的学习和应用显得尤为重要。
本文将为您提供一个综合的金融英语词汇大全，帮助您更好地了解和应用金融英语。
2. Banking and Finance2.1 基本金融词汇•Bank - 银行•Deposit - 存款•Withdraw - 取款•Account - 账户•Transaction - 交易•Credit - 信贷•Debit - 借记•Interest - 利息•Loan - 贷款•Invest - 投资•Exchange - 兑换•Stock - 股票•Bond - 债券•Mortgage - 抵押贷款•Insurance - 保险•Asset - 资产•Liability - 负债•Interest Rate - 利率•Inflation - 通货膨胀•Market - 市场•Economy - 经济•Currency - 货币•Exchange Rate - 汇率2.2 金融机构和职位•Banker - 银行家•Investor - 投资者•Broker - 经纪人•Accountant - 会计师•Economist - 经济学家•Trader - 交易员•Analyst - 分析师•Auditor - 审计员•Financial Planner - 理财规划师•Risk Manager - 风险经理•Asset Manager - 资产经理•Underwriter - 承销商•Teller - 出纳员2.3 金融活动和操作•Open an Account - 开户•Close an Account - 销户•Make a Deposit - 存款•Withdraw Money - 取钱•Transfer Funds - 转账•Take out a Loan - 借款•Pay off a Loan - 还款•Invest in Stocks - 投资股票•Buy Bonds - 购买债券•Trade on the Stock Market - 在证券市场交易•Issue Shares - 发行股票•Apply for Insurance - 申请保险•Calculate Interest - 计算利息•Analyze Financial Statements - 分析财务报表•Audit Financial Records - 审计财务记录•Manage Risk - 管理风险•Plan for Retirement - 规划退休3. Investment and Trading3.1 投资和交易相关词汇•Portfolio - 投资组合•Dividend - 股息•Capital Gain - 资本收益•Hedge Fund - 对冲基金•Short Sell - 卖空•Day Trading - 日内交易•Leverage - 杠杆•Margin - 保证金•Diversification - 分散化投资•Blue-chip Stock - 蓝筹股•Bull Market - 牛市•Bear Market - 熊市•Volatility - 波动性•Volatility Index (VIX) - 波动率指数•Option - 期权•Futures - 期货•Commodity - 商品•Exchange-traded Fund (ETF) - 交易所交易基金3.2 金融市场•Stock Market - 股票市场•Bond Market - 债券市场•Forex Market - 外汇市场•Commodity Market - 商品市场•Derivatives Market - 衍生品市场•Cryptocurrency Market - 加密货币市场4. Risk Management4.1 风险管理相关词汇•Risk - 风险•Risk Assessment - 风险评估•Risk Tolerance - 风险承受能力•Risk Appetite - 风险偏好•Risk Mitigation - 风险缓解•Risk Diversification - 风险分散•Credit Risk - 信用风险•Market Risk - 市场风险•Operational Risk - 运营风险•Systemic Risk - 系统性风险•Liquidity Risk - 流动性风险•Reputation Risk - 声誉风险•Counterparty Risk - 对手方风险•Risk Management Plan - 风险管理计划•Risk Control - 风险控制5. Conclusion通过阅读和学习这个金融英语词汇大全，您已经了解了金融英语中最常用的词汇和表达方式。
金融专业英语词汇大全
金融专业英语词汇大全一、基本金融术语1. 金融（Finance）：指货币的筹集、分配和管理活动。
2. 银行（Bank）：提供存款、贷款、支付结算等金融服务的机构。
3. 证券（Securities）：代表财产所有权或债权的凭证，如股票、债券等。
4. 投资（Investment）：将资金投入到某个项目或资产，以获取收益的行为。
5. 债务（Debt）：借款人向债权人承诺在一定期限内偿还本息的义务。
6. 股票（Stock）：股份有限公司发行的，代表股东对公司所有权和收益分配权的凭证。
7. 债券（Bond）：债务人向债权人发行的，承诺按一定利率支付利息并在到期日偿还本金的债务凭证。
8. 利率（Interest Rate）：资金的价格，反映资金借贷的成本。
9. 汇率（Exchange Rate）：一种货币兑换另一种货币的比率。
10. 通货膨胀（Inflation）：货币购买力下降，物价普遍持续上涨的现象。
二、金融衍生品词汇1. 金融衍生品（Financial Derivatives）：基于现货金融工具派生出来的新型金融工具。
2. 期货（Futures）：双方约定在未来某一时间、按约定的价格买卖某种标的物的合约。
3. 期权（Options）：买卖双方在未来一定期限内，按约定价格买入或卖出某种标的物的权利。
4. 掉期（Swap）：双方约定在未来某一时间，相互交换一系列现金流的合约。
5. 远期合约（Forward Contract）：双方约定在未来某一时间、按约定的价格买卖某种标的物的合约。
三、金融机构及监管部门词汇1. 中央银行（Central Bank）：国家金融政策制定和执行的机构，如中国人民银行。
2. 商业银行（Commercial Bank）：以盈利为目的，提供存款、贷款、支付结算等金融服务的银行。
3. 证券公司（Securities Company）：从事证券经纪、投资咨询、资产管理等业务的金融机构。
《金融英语》授课教案
2010年度重庆市高等学校双语教学示范课程《金融英语》授课教案重庆工商大学融智学院金融系信用管理教研室《金融英语》课程组二0一一年十一月《金融英语》授课教案Chapter 1：About Money （第一章关于货币）[教学目的] 温习在《金融学》中已经学过的有关货币起源、特点、职能及类型的基础知识，掌握相应的英语词汇和表达方式。
[教学重点与难点]货币的特征、职能；货币发展的沿革。
[教学时数] 2学时[教学方法与手段] 多媒体教学,讲授I．Origin of MoneyPrimitive society ( during early times)特点在于：self-sufficient, which means that each economic unit produced all it consumed and consumed all it produced, so their wants could be met by themselves.此处辨析解释economy, economic的含义。
由此引出Barter物物交换，以物易物1)requirement: double-coincidence of wants 需求的双重耦合（举例说明）2）drawbacks of barter:① Wants cannot be precisely matched;② The problem of value determination.③ The indivisibility of large items.II．What is Money?（逐点讲解）Functions(职能)1）medium of exchange (交易媒介)2）measurement of value (价值尺度)3）store of value （贮藏手段）4）standard of deferred payment (支付手段)Characteristics:1) Generally acceptable 2) Durable 3) Portable4) Divisible 5) Uniform 6) Counterfeit proof7) Stable in valueIII．Money in Modern SocietyIV．Writing: About Money in My Mind课后自主学习阅读材料：The International Financial World (国际金融界)附：The International Financial W orldEconomic activity began with the caveman, who was economically self-sufficient. He did his own hunting, found his own shelter, and provided for his own needs. As primitive populations grew and developed, the principle of division of labor evolved. One person was more able to perform some activity than another, and therefore each person concentrated on what he did best. While one hunted, another fished. The hunter then traded his surplus to the fisherman, and thus each benefited from the variety of diet.In today’s complex economic world neither individuals nor nations are self-sufficient. Nations have utilized different economic resources; people have developed different skills. This is the foundation of world trade and economic activity. As a result of this trade and activity, international finance and banking have evolved. For example, the U.S is a major consumer of coffee, yet it does not have the climate to grow any of its own. Consequently, the U.S must import coffee from countries that grow coffee efficiently. On the other hand, the U.S has large industrial plants capable of producing a variety of goods, such as chemicals and airplanes, which can be sold to nations that need them. If nations traded item for item, such as one automobile for 10,000 bags of coffee, foreign trade would be extremely cumbersome and restrictive. But instead of barter, which is the trade of goodswithout an exchange of money, the U.S. receives money in payment for what it sells. It pays for Brazilian coffee with dollars, which in turn can buy textiles from Great Britain, which can then buy tobacco from the U.S. Foreign trade, the exchange of goods between nations, takes place for many reasons. The first, as mentioned above, is that no nation has all of the commodities that it needs. Raw materials are scattered around the world. Large deposits of copper are mined in Peru and Zaire, diamonds are mined in South Africa, and petroleum is recovered in the Middle East. Countries that do not have these resources within their own boundaries must buy from countries that export them.Foreign trade also occurs because a country often does not have enough of a particular item to meet its needs. Although the U.S. is a major producer of sugar, it consumes more than it can produce internally and thus must import sugar.Third, one nation can sell some items at a lower cost than other countries. Japan has been able to export large quantities of radios and television sets because it can produce them more efficiently than other countries. It is cheaper for the U.S. to buy these from Japan than to produce them domestically. According to economic theory, Japan should produce and export those items from which it derives a comparative advantage. It should also buy and import what it needs from those countries that have a comparative advantage in the desired item.Finally, foreign trade takes place because of innovation or style. Even though the U.S. produces more automobiles than any other country, it still imports large quantities of autos from Germany, Japan, and Sweden, primarily because there is a market for them in the U.S.For most nations, exports and imports are the most important international activities. When nations export more than they import, they are said to have favorable balance of trade. When they import more than they export, an unfavorable balance of trade exists. Nations try to maintain a favorable balance of trade, which assures them of the means to buy necessary imports. Some nations base their entire economy on the concept of importing raw materials, processing them into manufactured goods, and then exporting the finished goods. The subsequent profits enable these nations to import the food they need.In addition to visible trade, which involves the import and export of goods and merchandise, there is also invisible trade, which involves the exchange of services between nations.As an example of invisible trade, Brazilian coffee is usually transported by ocean vessels because these steamships are the cheapest method of transportation. Nations such as Greece and Norway and Hong Kong have large maritime fleets, which can provide this transportation service. When an exporter arranges for this kind of transportation, he rents space in the cargo compartment of a ship for one voyage.The prudent exporter purchases insurance for his cargo’s voyage. While at sea, a cargo is vulnerable to many dangers, the most obvious being that the ship may sink. In this event, the exporter who has purchased insurance is reimbursed. Otherwise, he may suffer a complete loss. Thus, insurance is another service in which some nations specialize. Great Britain, because of the development of Lloyd’s of London, is a leading exporter of this service, earning fees for insuring other nations’ foreign trade.Some nations possess little in the way of exportable commodities or manufactured goods, but they have a mild and sunny climate. During the winter, the Bahamas attract numbers of tourists, particularly from the northeastern U.S., who spend money for hotel accommodations, meals, taxes, and so on. Tourism, therefore, is another form of invisible trade.Invisible trade can be as important to some nations as the export of raw materials or commodities is to others. In both cases, the nations earn money to buy necessities.The different kinds of trade that nations engage in are varied and complex, a mixture of visible and invisible trade. Most nations are more dependent on exports than on any other activity. The earnings from exports pay for the imports that they need and want. A nation’s balance of payments is a record of these complex transactions. The two most important categories in any nation’s balance of payments are its visible and invisible trade. A third very important category is investments.Investments are the means by which nations utilize the capital of other nations to build factories and develop mines fro their own industrial base. The railroads of the U.S. and South America were built by British capital. This capital paid for the costs of construction, including materials and the wages of the workers, and the locomotives and freight cars.Investment can have a crucial impact on a nation’s balance of payments. When an investment is made, capital enters a country, enabling it to import manufactured materials to build a new manufacturing plant and to pay workers to build it. Once the plant is operative, it provides both jobs and taxes for the host country and, in time,produces new manufactured goods for export. In this way, investment acts as a catalyst in economic growth for the developed countries, as well as developing countries throughout the world.In subsequent years, an investment should yield a profit. Dividends, sums of money paid to shareholders of a corporation out of earnings, can then be remitted to the investing country. From the perspective of the balance of payments, in the year the investment is made, the host country credits income to its balance of payments, and the investing country records a debit. This is reversed in the following years. The dividends then represent an expense for the host country and income for the investing country.After calculating all of the entries in its balance of payments, a nation has either a net inflow or a net outflow of money. It should be noted that the statistics used in determining a deficit (shortage) or surplus (excess) are inexact; information is reported by a variety of sources, and there are bound to be mistakes and omissions. The statistical difference between these sources is balanced by an entry entitled ―Net Errors and Omissions‖. The final result is either an increase or a decrease in the nation’s reserves.These reserves may be compared to an individual’s saving. For a nation, they are maintained in holdings of gold and official deposits in foreign currencies, such as U.S. dollars, pounds sterling, deutsche marks, and so on. A deficit in the balance of payments can be accommodated by drawing on (removing some of) the reserves, that is, the previous savings. But if a nation’s balance of payments continues in deficit for some time, then the reserves will be insufficient to cover further withdrawals, and additional measures must be taken.The most direct means of correcting a deficit in the balance of payments and having an immediate impact is by reducing imports. This can be accomplished by imposing tariffs, quotas, or both. If successful, the cost of imports rises in the local market, and the imported goods are comparatively more expensive to the consumer than the locally made goods. When a quota is imposed, the quantity previously imported and paid for is reduced.In either case, the net effect is the reduction of the nation’s outflow of money. Other measures may limit invisible trade expenditures. For example, citizens may be prohibited from taking more than a specified amount of money with them when they travel abroad. Capital for investments abroad can be restricted by requiring governmental approval for any new foreign investments.If these measures are insufficient, a country may devalue its currency. This immediately makes imports more expensive and exports more competitive, since the importing country can now pay for the first country’s imports with less of their currency than previously. In time, these advantages are eliminated.Gold, and to a lesser extent silver, have been the traditional reserves. At one time, gold moved freely from country to country, but successive constraints have been imposed in the past 50 years. Today, gold counts as only one form among many in the reserves of a country.Notes1. Balance of payments: the difference between a nation’s total payments to, and receipts from, foreign nations during a specific period. 国际收支2. Balance of trade: the difference between the value of imports and exports, including in some instances the related freight and insurance premiums. 贸易差额3. Capital: Funds invested by individual or corporate share-holders to establish an enterprise. 资（本）金Chapter 2：Commercial Banking (商业银行)[教学目的]本章是介绍商业银行的基本知识，包括私人业务和公司业务。
金融用英语怎么说
金融用英语怎么说金融指货币的发行、流通和回笼，贷款的发放和收回，存款的存入和提取，汇兑的往来等经济活动。
那么你知道金融用英语怎么说吗?下面来学习一下吧。
金融英语说法1：finance金融英语说法2：banking金融的相关短语：金融机构financial institution ; banking institution ; The Financial Institutions ; monetary institution金融市场 Financial market ; money market ; monetary market ; ING Financial Markets金融危机 financial crisis ; monetary crisis ; Economic crisis ; financial turmoil金融资产 Financial asset ; Monetary assets ; Capital markets ; FVTPL金融工具financial instruments ; Derivative Financial Instruments ; monetary instrument ; financial tool金融区 Financial District ; Canary Wharf金融学 Finance ; MSc Finance ; MSc in Finance ; fianc金融期货financial futures ; FITF ; haha financial futures ; Financial Ftres金融信用 credit ; Consumer Credit ; Lending industry ; Bank credit金融的英语例句：1. His government began to unravel because of a banking scandal.他的政府由于一起金融丑闻而开始瓦解。
金融英语期末重点总结
金融英语期末重点总结一、基本概念与词汇1. 资产管理：Asset Management，是指对投资者个人或机构的资金进行管理和投资的活动。
2. 负债：Liability，指一个人或机构所欠他人或其他组织的货币、商品或服务等。
3. 存款：Deposit，指将货币存入银行或其他金融机构的行为。
4. 贷款：Loan，指个人或企业从银行或其他金融机构获得的资金，并按约定的利率和条件偿还。
5. 利率：Interest Rate，是指借贷资金的价格。
通常以百分比形式表示，用于衡量借贷资金的成本或回报。
6. 风险：Risk，指在投资或经营过程中遭受亏损的可能性。
7. 股票：Stock，指公司以吸引投资者的方式发行的所有权证明，股权的一部分。
8. 债券：Bond，是指债务人（发行债券的公司或政府）向债权人（购买债券的投资者）借款的债权凭证。
9. 股息：Dividend，是指上市公司向股东分配的盈利的一部分。
10. 保险：Insurance，是指保险公司架起的经济保护的桥梁，将风险分散到各个投保人，以减轻其负担。
二、金融市场与金融产品1. 证券市场：Securities Market，是指股票、债券等金融工具的交易市场。
2. 股票市场：Stock Market，是指股票的买卖市场。
主要分为一级市场和二级市场。
3. 债券市场：Bond Market，指债券的买卖市场。
分为一级市场和二级市场。
4. 期货市场：Futures Market，是指用来进行期货交易的场所。
5. 外汇市场：Foreign Exchange Market，是指用来交换不同国家货币的市场。
6. 金融衍生品：Financial Derivatives，是指与金融资产相关的衍生产品。
包括期权、期货、互换等。
7. 互联网金融：Internet Finance，是指利用互联网技术进行金融服务的新兴业态。
8. 数字货币：Digital Currency，是指用数字技术发行和流通的货币。
金融英语词汇(超全版)
1. a flat percentage rate of income 统一比率的所得税税率2. a long position 多头部位，利多形势3. a long position 多头寸；买进的期货合同4. a put option on a debt security 债务证券的卖出期权5. a sales slip 签购单据，售货清单6. a short position 空头部位，短缺头寸7. a short position 空头；卖出的期货合同8. a tax return 税务申报表9.abnormal depreciation 特别折旧10.abnormal spoilage 非正常损坏11.aboriginal cost 原始成本12.acceptance bank 票据承兑行13.acceptance method 承兑方式14.acceptance risks 承兑风险15.accepting bank 承兑银行16.accessory risks 附加保险，附加险17.accident insurance 意外保险（不包括海上，火灾和人寿险）18.accommodation of funds 资金融通19.accompany vt. 附带，伴随，陪同20.account charges 账户费用21.account current (A/C,a/c) 往来帐户22.account number (A/N) 帐号23.account statement 帐户清单24.accounting exposure 会计风险25.accounting risks 会计风险26.accounting value 帐面价值27.accounts of assured 保险帐户28.accrued bond interest 应计债券利息29.accrued depreciation 应计折旧30.accrued dividend 应计股利31.acknowledgement of declaration (under op预约保险申报确认书32.active securities 热头股票，活跃的证券33.actual cash value （保险用语）实际现金价值34.actual rate 实际汇率35.adaptive expectations 适应性预期36.additional insurance 加保，附加保险37.additional reserve 追加准备金38.adjustable policy 可调整的保险单39.adjustable premium 可调整的保险费40.adjusted debit balance 已调整的借方余额41.advance payment of premium 预缴保险费42.advance-decline theory 涨跌理论43.adverse exchange 逆汇、逆汇兑44.advice of drawing 提款通知书45.advising bank 通知银行46.affiliated bank 联行47.affiliated person 关联人48.aftermarket 次级市场49.agent for collection 托收代理银行50.Agricultural Bank of China 中国农业银行51.agricultural loans 农业贷款52.agricultural（animal husbandry）tax 农（牧）业税53.allowance for doubtful debt 备抵呆帐款项54.alternative (either/or) order 选择指令55.American Express card 运通卡56.American terms 美国标价法57.amount in figures 小写金额58.amount in words 大写金额59.annual membership dues 年费60.application form for a banking account 银行开户申请书61.appointed bank 外汇指定银行62.appreciation of exchange rate 汇率升值63.arbitrage 套利64.arbitrage 套购，套利，套汇65.arbitrage of exchange 套汇66.arbitrage of exchange or stock 套汇或套股67.arbitrage opportunity 套价机会68.arbitrage risks 套汇风险69.as agent 做代理70.as principal 做自营n Development Fund (ADB) 亚洲开发银行72.ask price = asking price = offer price 出售价，报价，开价，出价73.ask-bid system 竞价系统74.assessment of loss 估损75.assets insurance 资产保险76.assignment of policy 保单转让77.assumption of risk 承担风险78.asymmetry 不对称79.at owner's risk 风险由货主负担80.at-the-close order 收盘指令81.at-the-market 按市价82.at-the-money 平值期权83.at-the-opening (opening only) order 开盘指令84.auction marketplace 拍卖市场85.automated teller machines (24 hours a day) 自动取款机（24小时服务）86.automatic transfers between accounts 自动转帐87.average 平均数88.baby bond 小额债券89.back spreads 反套利90.back wardation 现货溢价91.balance n. 结余，差额，平衡92.bank balance 存款余额93.bank balance over required reserves 超出法定（必备）储备的银行存款余额94.bank deposit 银行存款95.Bank of China 中国银行96.Bank of Communications 交通银行97.bank of deposit 存款银行98.bank of the government 政府的银行99.banker's association 银行协会100.banker's bank 中央银行101.banker's guarantee 银行担保102.bank's buying rate 银行买入价103.bank's selling rate 银行卖出价104.banks with business dealing with the center中央银行的往来银行105.Barclay card 巴克莱银行信用卡106.base rate 基本汇价107.basis order 基差订单108.basis risk 基差风险109.bear market 熊市110.bear operation 卖空行为111.bear raiders 大量抛空者112.beneficial owner 受益所有人113.beneficiary of insurance 保险金受益人114.best-efforts offering 尽力推销（代销）发行115.bid and ask prices 买入和卖出价116.bid and ask spread 买卖差价117.bid price = buying price 买价118.bid-ask spread 递盘虚盘差价119.big board 大行情牌120.big slump 大衰退（暴跌）121.bill-paying services 代付帐款122.black market 黑市123.black market financing 黑市筹资124.black money 黑钱125.blanket mortgage 总括抵押126.block positioner 大宗头寸商127.blowout 畅销128.blue-chip stocks 蓝筹股129.board of arbitration 仲裁委员会130.board of governors 理事会131.bond fund 债券基金132.borrowing from affiliates 向联营公司借款133.borrowing power of securities 证券贷款能力134.borrowing risks 借款风险135.bought deal 包销136.bread and butter business 基本业务137.breadth index 宽度指数138.break-even 不亏不盈，收支相抵139.breakout 突破140.bridging finance 过渡性融资141.broker 经纪人，掮客142.brokerage 经纪人佣金。
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·金融英语Chapter one money and exchange rates 货币与汇率一、money 货币一）、货币的分类：M0指流通中的现金M1=M0加企业单位活期存款、农村存款和机关团体部队存款M2=M1加企业单位定期存款、自筹基本建设存款、个人储蓄存款和其它存款M3=M2加金融债券、商业票据和大额可转让定期存单等。
二）、common expressions 常用语句（1）、money policy 货币政策moneraty reform 币制改革moneraty system 货币制度finacial institution 金融机构central bank中央银行federal reserve bank 联邦储备银行bank note 钞票、银行券bank paper 钞票、纸币currency 通货circulation 流通funds 基金devalue 贬值appreciate 升值depreciate 贬值discount 贴现reserve requirement 储备金规定（2）1、Nowadays , gold coin is only used as a commemorative one not a means of circulation . 现在，金币只用作纪念性货币，而不是流通手段。
2、According to the monetary system,coins except the one yuan coin are called fractional currenty ,and both the one yuan coin and the paper money are called standard money.根据货币制度，除一元的硬币外，其他的硬币都叫做辅币，而1元的硬币和纸币都叫做本位货币。
二、exchange rates汇率一）、汇率的分类1、按汇率的稳定性分为固定汇率（Fixed Rate）和浮动汇率（Floating Rate）。
固汇指一国货币同另一国货币的汇率基本固定，其波动范限制在很小的范围内；浮汇指外汇汇率由市场供求关系来决定。
2、按汇率的管制程度分为官方汇率(Official Rate)和市场汇率（Market Rate）.3、按汇率的制定方法分为基础汇率（Basic Rate）和交叉汇率（Crass Rate）.4、按外汇交易期限分为即期汇率（Spor Rate）和远期汇率(Forward Rate).5、按银行汇兑方式分为电汇汇率（Telegraphic Transfer Rate ,T\T Rate）、信汇汇率（Mail transfer Rate ,M\T Rate）、票汇汇率（Demand Draft Rate,D\D Rate）6、按外汇市场营业时间分为开盘汇率（Opening Rate）、收盘汇率（Closing Rate）.7、按汇率是否适应于不同来源与用途可分为单一汇率（Single Rate）和多重汇率(Multiple Rate)。
8、按汇率买卖对象分为银行同业汇率（Inner-bank Rate）和商业汇率(Mercantile Rate)。
二}常用语句（1）Exchange control 外汇管制exchange bank 外汇银行foreign exchange bills 外汇票据Exchange speculation 外汇投机foreign currency account 外汇账户basic point 基点Fluctuate sharply 急剧波动increase steadily 稳步上升decline slightly稍微下降（2）what’s the exchange rate of the US dollar into the Renminbi yuan?美元兑人民币的汇率是多少？Which foreign currenct would you like to exchange for?你想换成哪种外币？Today’s rate is one US dollar to 6.45 yuan .今天的汇率是1美元兑换6.45元。
During the year of 2008, the Swiss franc is often traded with a range of 1.1 to 1.2 times the US dollar .2008年，美元与瑞士法郎的汇率常在1美元兑1.1~1.2瑞士法郎之间波动。
Under a flexible exchange rate system ,the exchange rate is determined by the market demand and supply。
在浮动汇率制度下，汇率是由市场的供求情况决定的。
At the currrent exchange rates, you can benefit more if you change your pound into the Renminbi yuan ,and then change the Renminbi yuan into the US dollar.按现行汇率，你若首先把英镑兑换成人民币，然后再换成美元，对你更有利。
三、汇率标价直接标价法（Direct Quotation）:用1单位或100单位的外国货币为标准，折算成一定数额的本国货币，也叫应付标价法（Giving quotation）。
在直标下，一定单位外币折算的本币越多，就说明外币汇率上升，外币币值上升，本币汇率下降，本币贬值。
间接标价法（Indirect quotation）:用1单位或100单位的本国货币为标准，折算成一定数额的外国货币，也叫应收标价法（Receiving quotation）. 在间标下，一定单位本币折算的外币越多，就说明本币汇率上升，本币币值上升，外币汇率下降，外币贬值。
Common Abbreviations 常用缩写ARP阿根廷比索AUD澳大利亚元BRR巴西雷阿尔CAD加拿大元CLP智利比索COP哥伦比亚比索DKK丹麦克朗GBP英镑ISK冰岛克朗INR印度卢比ILS以色列锡克尔JPY日元MYP马来西亚林吉特MXP墨西哥比索NZD新西兰元NOK挪威克朗PKR巴基斯坦卢比RUR俄罗斯卢比SGD新加坡元ZAR南非兰特KRW韩国元LKR斯里兰卡卢比SEK瑞典克朗CHK瑞士法郎TWD台湾元THB泰铢TRL土耳其里拉VEB委内瑞拉博利瓦Chapter two Remittances and Collection 汇款和托收一、Remittances汇款汇款三种方式:信汇、电汇、票汇Common expression 常用语句Outward remittance 汇出汇款inward remittance 汇入汇款foreign remittance 国外汇款Domestic remittance 国内汇款funds transfer 资金转移、汇款mode of remittance 汇款方式Advance remittance 预付汇款Hou would you like to remit the money?你想采用哪种方式汇款？How much would you like to remit?你想汇多少钱？Remittance by T/T is faster than that by M/D.电汇方式汇款比票汇方式快。
The remitance fee id subjuct to the amount and the mode of remittance.汇费取决于汇款的金额和汇款方式。
To whom do you want to remit it ?你想汇给谁？The remittance is payable to Ms.Nancy Baker,and her bank is the New York Bank.这笔钱是汇给南希·贝克女士的，她的开户行是纽约银行。
When the payee presents the demend draft ,the paying bank will honor it.当收款人提示即期汇票时，汇入行就会兑付。
Since remittance doesn’t require any commercial documents ,so we call it clean remittance.因为汇款不需要附商业单据，所以我们称之为不跟单汇款。
Collection 托收托收的当事人：委托人（Principal/Drawer）、托收行(Principal’s Bank)、代收行(Collecting bank)、和付款人(Drawer/Payer)托收按是否附有商业单据课分为光票托收（clean collection）和跟单托收（documentary collection），跟单托收分为付款交单（D/P）和承兑交单(A/P).托收程序：1、委托人填写托收申请书并将汇票交给托收行，2、托收行将汇票寄给代收行，3、代收行提示汇票，付款人付款或承兑，4、托收行收款后交付委托人。
Common expressions 常用语句Commercial invioce 商业发票inspection certificate 检验证明certificate of origin 产地证明Fall due 到期present documents of collection 提示托收单据deliver documents递交单据Accept the draft 承兑汇票honor the draft兑付汇票dishonor the draft 拒兑汇票Collecction process 托收进程obtion payment 收到款Clean collection means the collection of finicial documents not accompanied by commercial documents.光票托收是指不附带的金融单据的托收。
D/P has the advantage that the payer won't get the documents unless he has duly paid for it.付款交单的好处是付款人只有在付清款项才能拿到单据。
Compared with L/C ,collection is exposed to more commercial risks but costs less.与信用证相比，托收的商业风险大，但费用较低。