金融英语_刘文国第二版课后练习Exercises 01

Exercises one

Ⅰ Answer the following questions in English:

1.What is finance?

Finance is the set of activities dealing with the management of funds. More specifically, it is the decision of collection and use of funds. It is a branch of economics that studies the management of money and other assets. Finance is also the science and art of determining if the funds of an organization are being used properly. Through financial analysis, companies and businesses can take decisions and corrective actions towards the sources of income and the expenses and investments that need to be made in order to stay competitive.

2. What is insurance?

Insurance is the undertaking of one party to indemnify another, in exchange for a premium, against a certain eventuality.

3. What is cash budget?

Cash Budget is an estimation of the cash inflows and outflows for a business or individual for a specific period of time. Cash budgets are often used to assess whether the entity has sufficient cash to fulfill regular operations and/or whether too much cash is being left in unproductive capacities.

4. What is capital?

Capital, in the financial sense, is the money that gives the business the power to buy goods to be used in the production of other goods or the offering of a service.

5. What is quantitative behavioral finance?

Quantitative Behavioral Finance is a new discipline that uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation.

6. What is corporate finance?

Corporate finance is an area of finance dealing with the financial decisions corporations make and the tools and analysis used to make these decisions.

7. What is financial mathmatics?

Financial mathematics is a main branch of applied mathematics concerned with the financial markets.

8.What is personal finance?

Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit.

Ⅱ Fill in the each blank with an appropriate word or expression:

1.The primary goal of corporate finance is to maximize corporate value while managing the firm's financial risks.

2. Financial mathematics is the study of financial data with the tools of mathematics, mainly statistics.

3. Capital, in the financial sense, is the money that gives the business the power to buy goods to be used in the production of other goods or the offering of a service.

4. A cash budget is extremely important, especially for small businesses, because it allows a company to determine how much credit it can extend to customers before it begins to have liquidity problems.

5. A bank aggregates the activities of many borrowers and lenders. A bank accepts deposits from lenders, on which it pays the interest.

6.Capital investment decisions are long-term choices about which projects receive investment, whether to finance that investment with equity or debt, and when or whether to pay dividends to shareholders.

Ⅲ Translate the following sentences and passage into English:

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。Cash budgets are often used to assess whether the entity has sufficient cash to fulfill regular operations and/or whether too much cash is being left in unproductive capacities.

6. 按照金融学的观点，资本就是企业购买商品以生产其它商品或提供服务的货币资金。Capital, in the financial sense, is the money that gives the business the power to buy goods to be used in the production of other goods or the offering of a service.

Ⅳ Translate the following sentences and passage into Chinese:

1. A cash budget is extremely important, especially for small businesses, because it allows a company to determine how much credit it can extend to customers before it begins to have liquidity problems.现金预算是十分重要的，特别是对小企业，这是因为它决定了企业可以使用多大的赊销份额而不发生现金困难。

2. 金融中介机构包括：存款性机构（商业银行和信用合作社）主要通过存款的形式向公众借款，从而获得大部分资金。Financial intermediaries include depository institutions (commercial banks and credit union) who acquired