金融硕士英语完型填空练习题(3)

金融英语模拟试题及答案Reading Comprehension: (10 points)Joseph Glass, CFA, is a consultant who provides advisory services to large manufacturing companies. Glass has been retained by ABCO, a leading manufacturer of widgets for automobiles in the United States. ABCO has hired Glass to evaluate the possibility of e*panding their current base of operations by building an additional facility in South America. Management of ABCO has identified an increase in demand for widgets in South America over the past decade, and any new manufacturing facility would produce goods to satisfy that void and would be distributed and sold across South America.Glass is not familiar with the current economic climate in South America, but is aware that several governments have attempted to encourage economic development in their countries through the enactment of pro-business legislation. Two of these countries, Venezuela and Peru, both have the reputations of being “friendly” to foreign economic investment withintheir borders. The two countries share some similarities: both, until the past twenty years, were primarily agricultural economies with little industrial development. Also, both countries can offer a relatively low-cost labor force, although their workers in general, are not highly skilled.The government of Peru has declared that protecting the country’s environment is of utmost importance, and has established a regulatory body that oversees any environmental concerns that may arise as the country becomes more industrialized. Fairly stringent regulations have already been put into place in order to ensure that going forward, the operating practices of manufacturers within their country’s borders will be in balance with the government’s concern for their county’s natural resources. Regulations cover areas of concern such as air emissions, water conservation and the use of sustainable resources. Glass advised ABCO that a cost-benefit analysis must be performed to accurately determine both the direct and indirect costs of compliance with the regulations.The Venezuelan government has taken steps to ensurethat it can carefully manage the development of its country’s emerging economy, and to ensure that a competitive market is maintained. A regulatory agency was established five years ago to provide guidance for any new manufacturing concern seeking to operate in Venezuela. The head of the agency is Juan Santos, the former CEO of one of the first modernized manufacturing facilities in the country. During his tenure as head of the agency, he has demonstrated his ability to render decisions that attempt to simultaneously satisfy legislators, industry participants, and consumers. Glass is impressed by Santos’ work so far, but realizes that over the past five years, Venezuela has e*perienced a period of relatively slow economic development. Glass believes that Santos’ skills will truly be put to the test in the upcoming years of the anticipated economic e*pansion.Glass acknowledges the need for governmental regulation of industry, but recognizes that there always are offsetting costs, both short-term and long-term of such controls. Based upon his knowledge of events that have occurred in the United States over thepast thirty years, Glass recommends that ABCO continue to carefully monitor economic developments in both countries even after a site for a new manufacturing facility is selected.Part 1)Should ABCO build a new facility in either of the two countries, it is almost a certainty that they would be the low-cost producer of widgets, with the capacity to satisfy nearly all demand in the region. A natural monopolist operating in an unregulated industry will produce at the point where:A. Marginal costs equal marginal revenue.B. Average costs equal marginal revenue.C. Average costs equal average revenue.D. The marginal cost curve intersects the demand schedule.Part 2)The social regulation policies enacted by the government of Peru would least likely to cause which of the following outcomes? ()A. Higher costs of production.B. A disproportionately higher compliance e*pensefor larger firms rather than smaller firms.C. Higher prices for the end consumer.D. Attempts by industry participants to avoid compliance through creative response.Part 3)If ABCO were to build its new facility in Peru, compliance with the country’s regulatory policies will increase the price of their product by appro*imately ten percent. Some consumers may respond by not replacing the widgets in their automobiles as frequently as before, which will cause decreased fuel efficiency. This unintended effect of regulation is an e*ample of: ()A. The capture hypothesis.B. A creative response.C. A feedback effect.D. The share-the-gains, share-the-pains theory.Part 4)The appointment of Santos, an industry “insider”, to head the regulatory agency in Venezuela has the potential to cause a reaction predicted by which of the following theories of regulatory behavior? ()A. Rate-of-return regulation.B. Share-the-gains, share-the-pains theory.C. The capture hypothesis.D. Cost-of-service regulation.Part 5)Santos, as the head of the main regulatory body in Venezuela, must decide how to manage the effects of an unanticipated sharp increase in the cost of electricity. Santos proposed regulation that will allow manufacturers to pass on the increased costs at scheduled intervals over a five year period. This approach is an e*ample of: ()A. Rate of return regulation.B. Cost-of-service regulation.C. Share-the-gains, share-the-pains theory.D. Social regulation.E*planations of terms：(10 points)1. Liquidity2. Cost-push inflation3. Surveillance4. E*ternal debt5. Foreign reserveQuestion3: How many factors to e*plain the reserveholdings?Question4: What is The Monetary Policy Instruments of the Central Bank?Question5: What is Concept of Trust Market？And what the composition of it is?Question6: What is the Money Laundering?。

金融考研英语二真题答案一、阅读理解Passage 11. C2. B3. APassage 24. D5. A6. CPassage 37. A 8. D 9. B二、完形填空10. C 11. D 12. B 13. B 14. C15. A 16. D 17. B 18. C 19. A20. D 21. C 22. A 23. B 24. D25. A 26. B 27. C 28. D 29. C30. B三、综合阅读填空31. F 32. G 33. D 34. E 35. C36. A 37. H 38. B 39. C 40. F41. G 42. H 43. E 44. D 45. A四、翻译46. 参加这个考试的人数远远超过了预期。

47. 因为她的资历和经验，她被任命为部门经理。

48. 金融市场的波动可能会导致投资者的损失。

49. 这个项目在规定的时间内完成了，这是我们的重要成绩之一。

50. 自从经济危机以来，许多公司都采取了削减开支的措施。

五、作文题目：中国金融市场的发展与挑战随着中国经济的迅速崛起，中国金融市场也经历了快速发展。

然而，在这一过程中，金融市场也面临着一些挑战。

本文将探讨中国金融市场的发展现状以及所面临的主要挑战。

首先，中国金融市场的发展取得了显著的成就。

中国已成为全球第二大经济体，具有庞大的消费市场和潜力巨大的投资机会。

在金融领域，中国的股票市场、债券市场和期货市场迅速增长，并与国际市场融合。

同时，中国还积极推动金融创新，包括在线支付、数字货币等，为经济发展提供了新的动力。

然而，中国金融市场也面临着一些挑战。

首先，金融风险是发展中国金融市场的主要威胁之一。

目前，中国金融市场对外开放程度的提高使得外部冲击因素增加，金融市场波动性加大。

其次，市场监管和风险防范体系仍然不完善，监管能力、监管水平等需要进一步提升。

此外，金融市场的不均衡发展也是一个问题，一些地区和行业相对较弱，与一线城市相比，发展水平还有差距。

金融专硕英语完型填空练习题（5）答案1. 【答案】C. made【解析】本题测试惯用搭配。

make towards（=make for, go forwards, move in the direction of …）朝…走去。

2. 【答案】B. though【解析】本题测试逻辑搭配。

though 表示让步意义，引导让步状语从句。

因为从句主语和主句主语相同，从句谓语又包含be,所以从句中的主语和助动词可以省略。

例如：1）The girl, though plain, had a good kind face. 2）I went on talking , though continually interrupted by John.3. 【答案】C. as【解析】本题测试逻辑搭配。

从上下文意思看，本句中从句与主句的联系是因果关系，故选as,表示原因，其他词均不切题。

4. 【答案】D. blown【解析】本题测试词义搭配。

fallen 和flown均为不及物动词，不能用于被动语态。

blow vt.吹，正合题意。

本句译文：这里我们没有发现什么雪，因为大部分雪似乎已从山上刮走了。

5. 【答案】A. view【解析】本题测试词义搭配。

此处view 意为“看见的东西，景色”，例如：Your house has a fine view of the hills. （从你的房子能看到这些小山的美丽景色。

）本句译文：看不到远处的山，因为我们四周的云层正在形成。

6. 【答案】A. came up【解析】本题测试词义型惯用搭配。

come up （=happen）发生，形成：A snowstorm is coming up. （一场暴风雪正在酝酿之中。

）本句中有suddenly, 故用came up 比came on 更妥。

7. 【答案】B. noticed【解析】本题测试词义搭配。

notify vt.（=inform sb. of sth. ; report sth. to sb.）通知，报告。

Unit 3 The Structure the Federal Reserve System一、填空题The top of the Federal Reserve System’s organization is ______________.二、专业术语互译1.Federal Reserve System2.Member bank3.the Federal Open Market Committee4.Federal Reserve Banks5.the Board of Governors6.depositor7.savings8.National Monetary Commission9.clearinghouse10.transaction deposit11.pocket money12.credit union13.Council of Economic Advisers四、问答题1.What’s the structure of the Federal Reserve System?2.What are the services the Fed banks perform?3.What’s the FOMC’s responsibility?五、写出英文缩写的全称及其中文名称FOMCKeys一、填空题the Board of Governors二、专业术语互译1.联邦储备系统2.会员银行3.联邦公开市场委员会4.联邦储备银行5.管理委员会6.存款人7.储蓄8.国家货币委员会9.票据交换所10.交易存款11.零花钱12.信用社13.经济顾问委员会四、问答题1.The Federal Reserve System consists of Federal Reserve Banks,Member Banks, the Board of Governors and the Federal Open Market Committee.2.The services that the Fed banks perform are: clearing checksbetween private banks; holding bank reserves; providing currency;providing loans.3.The FOMC is responsible for the Fed’s daily activity in financialmarkets and determining the level of reserves held by private banks.五、写出英文缩写的全称及其中文名称FOMC the Federal Open Market Committee 联邦公开市场委员会。

中财金融学考研英语完形填空例题上了大学，我们就不再像高中那样学习不同的科目，而是选择自己喜欢的的科目去学习。

然而，英语却是我们必须要学习的。

下面就为大家介绍一下金融学考研英语完形填空试题。

Section I Use of EnglishDirections:Read the following text. Choose the best word(s) for each numbered blank and mark A, B, C or D on ANSWER SHEET. (10 Points)As many people hit middle age, they often start to notice that their memory and mental clarity are not what they used to be. We suddenly can’t remember 1 we put the keys just a moment ago, or an old acquaintance’s name, or the name of an old band we used to love. As the brain 2 , we refer to these occurrences as “senior moments.”3 seemingly innocent, this loss of mental focus can potentially have a(an)4 impact on our professional, social, and personal5 .Neuroscientists, experts who study the nervous system, are increasingly showing that there’s actually a lot that can be done. It 6 out that the brain needs exercise in much the same way our muscles do, and the right mental 7 can significantly improve our basic cognitive 8 . Thinking is essentially a 9 of making connections in the brain. To a certain extent, our ability to 10 in making the connections that drive intelligence is inherited. 11 , because these connections are made through effort and practice, scientists believe that intelligence can expand and fluctuate 12 mental effort.Now, a new Web-based company has taken it a step 13 and developed the first “brain training program”designed to actually help people improve and regain their mental 14 .The Web-based program 15 you to systematically improve your memory and attention skills. The program keeps 16 of your progress and provides detailed feedback 17 yourperformance and improvement. Most importantly, it 18 modifies and enhances the games you play to 19 on the strengths you are developing—much like a(n) 20 exercise routine requires you to increase resistance and vary your muscle use. 1.[A]where [B]when [C]that [D]why2.[A]improves [B]fades [C]recovers [D]collapses3.[A]If [B]Unless [C]Once [D]While4.[A]uneven [B]limited [C]damaging [D]obscure5.[A]wellbeing [B]environment [C]relationship [D]outlook6.[A]turns [B]finds [C]points [D]figures7.[A]roundabouts [B]responses [C]workouts [D]associations8.[A]genre [B]functions [C]circumstances [D]criterion9.[A]channel [B]condition [C]sequence [D]process10.[A]persist [B]believe [C]excel [D]feature11.[A]Therefore [B]Moreover [C]Otherwise [D]However12.[A]according to [B]regardless of [C]apart from [D]instead of13.[A]back [B]further [C]aside [D]around14.[A]sharpness [B]stability [C]framework [D]flexibility15.[A]forces [B]reminds [C]hurries [D]allows16.[A]hold [B]track [C]order [D]pace17.[A] to [B]with [C]for [D]on18.[A]irregularly [B]habitually [C]constantly [D]unusually19.[A]carry [B]put [C]build [D]take20.[A]risky [B]effective [C]idle [D]familiar。

金融市场学双语题库及答案（第三章）米什金金融市场与机构Financial Markets and Institutions, 8e (Mishkin)Chapter 3 What Do Interest Rates Mean and What Is Their Role in Valuation?3.1 Multiple Choice1) A loan that requires the borrower to make the same payment every period until the maturity date is called aA) simple loan.B) fixed-payment loan.C) discount loan.D) same-payment loan.E) none of the above.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition2) A coupon bond pays the owner of the bondA) the same amount every month until the maturity date.B) a fixed interest payment every period, plus the face value of the bond at the maturity date.C) the face value of the bond plus an interest payment once the maturity date has been reached.D) the face value at the maturity date.E) none of the above.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition3) A bond's future payments are called itsA) cash flows.B) maturity values.C) discounted present values.D) yields to maturity.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition4) A credit market instrument that pays the owner the face value of the security at the maturity date and nothing prior to then is called aA) simple loan.B) fixed-payment loan.C) coupon bond.D) discount bond.Answer: DTopic: Chapter 3.1 Measuring Interest Rates Question Status: Previous Edition5) (I) A simple loan requires the borrower to repay the principal at the maturity date along with an interest payment.(II) A discount bond is bought at a price below its face value, and the face value is repaid at the maturity date.A) (I) is true, (II) false.B) (I) is false, (II) true.C) Both are true.D) Both are false.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition6) Which of the following are true of coupon bonds?A) The owner of a coupon bond receives a fixed interest payment every year until the maturity date, when the face or par value is repaid.B) U.S. Treasury bonds and notes are examples of coupon bonds.C) Corporate bonds are examples of coupon bonds.D) All of the above.E) Only A and B of the above.Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition7) Which of the following are generally true of all bonds?A) The longer a bond's maturity, the lower is the rate of return that occurs as a result of the increase in the interest rate.B) Even though a bond has a substantial initial interest rate, its return can turn out to be negative if interest rates rise.C) Prices and returns for long-term bonds are more volatile than those forshorter-term bonds.D) All of the above are true.E) Only A and B of the above are true.Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition8) (I) A discount bond requires the borrower to repay the principal at the maturity date plus an interest payment.(II) A coupon bond pays the lender a fixed interest payment every year until the maturity date, when a specified final amount (face or par value) is repaid.A) (I) is true, (II) false.B) (I) is false, (II) true.C) Both are true.D) Both are false.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition9) If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year isA) $650.B) $1,300.C) $130.D) $13.E) None of the above.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition10) An $8,000 coupon bond with a $400 annual coupon payment has a coupon rate ofA) 5 percent.B) 8 percent.C) 10 percent.D) 40 percent.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition11) The concept of ________ is based on the notion that a dollar paid to you in the future is less valuable to you than a dollar today.A) present valueB) future valueC) interestD) deflationAnswer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition12) Dollars received in the future are worth ________ than dollars received today. The process of calculating what dollars received in the future are worth today is called ________.A) more; discountingB) less; discountingC) more; inflatingD) less; inflatingAnswer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition13) The process of calculating what dollars received in the future are worth today is calledA) calculating the yield to maturity.B) discounting the future.C) compounding the future.D) compounding the present.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition14) With an interest rate of 5 percent, the present value of $100 received one year from now is approximatelyA) $100.B) $105.C) $95.D) $90.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition15) With an interest rate of 10 percent, the present value ofa security that pays $1,100 next year and $1,460 four years from now is approximatelyA) $1,000.B) $2,000.C) $2,560.D) $3,000.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition16) With an interest rate of 8 percent, the present value of $100 received one year from now is approximatelyA) $93.B) $96.C) $100.D) $108.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition17) With an interest rate of 6 percent, the present value of $100 received one year from now is approximatelyA) $106.B) $100.C) $94.D) $92.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition18) The interest rate that equates the present value of the cash flow received from a debt instrument with its market pricetoday is theA) simple interest rate.B) discount rate.C) yield to maturity.D) real interest rate.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition19) The interest rate that financial economists consider to be the most accurate measure is theA) current yield.B) yield to maturity.C) yield on a discount basis.D) coupon rate.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition20) Financial economists consider the ________ to be the most accurate measure of interest rates.A) simple interest rateB) discount rateC) yield to maturityD) real interest rateAnswer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition21) For a simple loan, the simple interest rate equals theA) real interest rate.B) nominal interest rate.C) current yield.D) yield to maturity.Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition22) For simple loans, the simple interest rate is ________ the yield to maturity.A) greater thanB) less thanC) equal toD) not comparable toAnswer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition23) The yield to maturity of a one-year, simple loan of $500 that requires an interest payment of $40 isA) 5 percent.B) 8 percent.C) 12 percent.D) 12.5 percent.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition24) The yield to maturity of a one-year, simple loan of $400 that requires an interest payment of $50 isA) 5 percent.B) 8 percent.C) 12 percent.D) 12.5 percent.Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition25) A $10,000, 8 percent coupon bond that sells for $10,000 has a yield to maturity ofA) 8 percent.B) 10 percent.C) 12 percent.D) 14 percent.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition26) A $10,000, 8 percent coupon bond that sells for $10,100 has a yield to maturity ________.A) equal to 8 percentB) greater than 8 percentC) less than 8 perfectD) that cannot be calculatedAnswer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: New Question27) Which of the following $1,000 face value securities has the highest yield to maturity?A) A 5 percent coupon bond selling for $1,000B) A 10 percent coupon bond selling for $1,000C) A 12 percent coupon bond selling for $1,000D) A 12 percent coupon bond selling for $1,100Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition28) Which of the following $1,000 face value securities has the highest yield to maturity?A) A 5 percent coupon bond selling for $1,000B) A 10 percent coupon bond selling for $1,000C) A 15 percent coupon bond selling for $1,000D) A 15 percent coupon bond selling for $900Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition29) Which of the following $1,000 face value securities has the lowest yield to maturity?A) A 5 percent coupon bond selling for $1,000B) A 7 percent coupon bond selling for $1,100C) A 15 percent coupon bond selling for $1,000D) A 15 percent coupon bond selling for $900Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: New Question30) Which of the following are true for a coupon bond?A) When the coupon bond is priced at its face value, the yield to maturity equals the coupon rate.B) The price of a coupon bond and the yield to maturity are negatively related.C) The yield to maturity is greater than the coupon rate when the bond price is below the par value.D) All of the above are true.E) Only A and B of the above are true.Answer: DTopic: Chapter 3.1 Measuring Interest Rates Question Status: Previous Edition31) Which of the following are true for a coupon bond?A) When the coupon bond is priced at its face value, the yieldto maturity equals the coupon rate.B) The price of a coupon bond and the yield to maturity are negatively related.C) The yield to maturity is greater than the coupon rate when the bond price is above the par value.D) All of the above are true.E) Only A and B of the above are true.Answer: ETopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition32) Which of the following are true for a coupon bond?A) When the coupon bond is priced at its face value, the yield to maturity equals the coupon rate.B) The price of a coupon bond and the yield to maturity are positively related.C) The yield to maturity is greater than the coupon rate when the bond price is above the par value.D) All of the above are true.E) Only A and B of the above are true.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition33) A consol bond is a bond thatA) pays interest annually and its face value at maturity.B) pays interest in perpetuity and never matures.C) pays no interest but pays its face value at maturity.D) rises in value as its yield to maturity rises.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition34) The yield to maturity on a consol bond that pays $100 yearly and sells for $500 isA) 5 percent.B) 10 percent.C) 12.5 percent.D) 20 percent.E) 25 percent.Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition35) The yield to maturity on a consol bond that pays $200 yearly and sells for $1000 isA) 5 percent.B) 10 percent.C) 20 percent.D) 25 percent.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition36) A frequently used approximation for the yield to maturity on a long-term bond is theA) coupon rate.B) current yield.C) cash flow interest rate.D) real interest rate.Answer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition37) The current yield on a coupon bond is the bond's ________ divided by its________.A) annual coupon payment; priceB) annual coupon payment; face valueC) annual return; priceD) annual return; face valueAnswer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition38) When a bond's price falls, its yield to maturity ________ and its current yield________.A) falls; fallsB) rises; risesC) falls; risesD) rises; fallsAnswer: BTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition39) The yield to maturity for a one-year discount bond equalsA) the increase in price over the year, divided by the initial price.B) the increase in price over the year, divided by the face value.C) the increase in price over the year, divided by the interest rate.D) none of the above.Answer: ATopic: Chapter 3.1 Measuring Interest Rates Question Status: Previous Edition40) If a $10,000 face value discount bond maturing in oneyear is selling for $8,000, then its yield to maturity isA) 10 percent.B) 20 percent.C) 25 percent.D) 40 percent.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition41) If a $10,000 face value discount bond maturing in one year is selling for $9,000, then its yield to maturity is approximatelyA) 9 percent.B) 10 percent.C) 11 percent.D) 12 percent.Answer: CTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition42) If a $10,000 face value discount bond maturing in one year is selling for $5,000, then its yield to maturity isA) 5 percent.B) 10 percent.C) 50 percent.D) 100 percent.Answer: DTopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition43) If a $5,000 face value discount bond maturing in one year is selling for $5,000, then its yield to maturity isA) 0 percent.B) 5 percent.C) 10 percent.D) 20 percent.Answer: ATopic: Chapter 3.1 Measuring Interest RatesQuestion Status: Previous Edition44) The Fisher equation states thatA) the nominal interest rate equals the real interest rate plus the expected rate of inflation.B) the real interest rate equals the nominal interest rate less the expected rate of inflation.C) the nominal interest rate equals the real interest rate less the expected rate of inflation.D) both A and B of the above are true.E) both A and C of the above are true.Answer: DTopic: Chapter 3.2 Distinction Between Real and Nominal Interest Rates Question Status: Previous Edition45) If you expect the inflation rate to be 15 percent next year and a one-year bond hasa yield to maturity of 7 percent, then the real interest rate on this bond isA) 7 percent.B) 22 percent.C) -15 percent.D) -8 percent.E) none of the above.Answer: DTopic: Chapter 3.2 Distinction Between Real and Nominal Interest Rates Question Status: Previous Edition46) If you expect the inflation rate to be 5 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond isA) -12 percent.B) -2 percent.C) 2 percent.D) 12 percent.Answer: CTopic: Chapter 3.2 Distinction Between Real and Nominal Interest Rates Question Status: Previous Edition47) The nominal interest rate minus the expected rate of inflationA) defines the real interest rate.B) is a better measure of the incentives to borrow and lend than the nominal interest rate.C) is a more accurate indicator of the tightness of credit market conditions than the nominal interest rate.D) all of the above.E) only A and B of the above.Answer: DTopic: Chapter 3.2 Distinction Between Real and Nominal Interest RatesQuestion Status: Previous Edition48) The nominal interest rate minus the expected rate of inflationA) defines the real interest rate.B) is a less accurate measure of the incentives to borrow and lend than is the nominal interest rate.C) is a less accurate indicator of the tightness of credit market conditions than is the nominal interest rate.D) defines the discount rate.Answer: ATopic: Chapter 3.2 Distinction Between Real and Nominal Interest Rates Question Status: Previous Edition49) In which of the following situations would you prefer to be making a loan?A) The interest rate is 9 percent and the expected inflation rate is 7 percent.B) The interest rate is 4 percent and the expected inflation rate is 1 percent.C) The interest rate is 13 percent and the expected inflation rate is 15 percent.D) The interest rate is 25 percent and the expected inflation rate is 50 percent. Answer: BTopic: Chapter 3.2 Distinction Between Real and Nominal Interest Rates Question Status: Previous Edition50) In which of the following situations would you prefer to be borrowing?A) The interest rate is 9 percent and the expected inflation rate is 7 percent.B) The interest rate is 4 percent and the expected inflation rate is 1 percent.C) The interest rate is 13 percent and the expected inflation rate is 15 percent.D) The interest rate is 25 percent and the expected inflation rate is 50 percent. Answer: DTopic: Chapter 3.2 Distinction Between Real and Nominal Interest Rates Question Status: Previous Edition51) What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $1,200 one year later?A) 5 percentB) 10 percentC) -5 percentD) 25 percentE) None of the aboveAnswer: DTopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition52) What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $900 one year later?A) 5 percentB) 10 percentC) -5 percentD) -10 percentE) None of the aboveAnswer: CTopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition53) The return on a 5 percent coupon bond that initially sells for $1,000 and sells for $1,100 one year later isA) 5 percent.B) 10 percent.C) 14 percent.D) 15 percent.Answer: DTopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition54) The return on a 10 percent coupon bond that initially sells for $1,000 and sells for $900 one year later isA) -10 percent.B) -5 percent.C) 0 percent.D) 5 percent.Answer: CTopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition55) Which of the following are generally true of all bonds?A) The only bond whose return equals the initial yield to maturity is one whose time to maturity is the same as the holding period.B) A rise in interest rates is associated with a fall in bond prices, resulting in capital losses on bonds whose term to maturities are longer than the holding period.C) The longer a bond's maturity, the greater is the price change associated with a given interest rate change.D) All of the above are true.E) Only A and B of the above are true.Answer: DTopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition56) Which of the following are true concerning the distinction between interest rates and return?A) The rate of return on a bond will not necessarily equal the interest rate on that bond.B) The return can be expressed as the sum of the current yieldand the rate of capital gains.C) The rate of return will be greater than the interest rate when the price of the bond falls between time t and time t + 1.D) All of the above are true.E) Only A and B of the above are true.Answer: ETopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition57) If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, which bond would you prefer to have been holding?A) A bond with one year to maturityB) A bond with five years to maturityC) A bond with ten years to maturityD) A bond with twenty years to maturityAnswer: ATopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition58) Suppose you are holding a 5 percent coupon bond maturing in one year with a yield to maturity of 15 percent. If the interest rate on one-year bonds rises from 15 percent to 20 percent over the course of the year, what is the yearly return on the bond you are holding?A) 5 percentB) 10 percentC) 15 percentD) 20 percentAnswer: CTopic: Chapter 3.3 Distinction Between Interest Rates and ReturnsQuestion Status: Previous Edition59) (I) Prices of longer-maturity bonds respond more dramatically to changes in interest rates.(II) Prices and returns for long-term bonds are less volatile than those for short-term bonds.A) (I) is true, (II) false.B) (I) is false, (II) true.C) Both are true.D) Both are false.Answer: A。

金融硕士考研英语完形填空真题及答案汇总Directions:Read the following text. Choose the best word(s) for each numbered blank and mark A, B, C or D on ANSWER SHEET. (10 points)Though not biologically related, friends are as “related”as fourth cousins, sharing about 1% of genes. That is _(1)_a study, published from the University of California and Yale University in the Proceedings of the National Academy of Sciences, has__(2)_.The study is a genome-wide analysis conducted _(3)__1,932 unique subjects which __(4)__pairs of unrelated friends and unrelated strangers. The same people were used in both_(5)_.While 1% may seem_(6)_,it is not so to a geneticist. As James Fowler, professor of medical genetics at UC San Diego, says, “Most people do not even _(7)_their fourth cousins but somehow manage to select as friends the people who_(8)_our kin.”The study_(9)_found that the genes for smell were something shared in friends but not genes for immunity .Why this similarity exists in smell genes is difficult to explain, for now,_(10)_,as the team suggests, it draws us to similar environments but there is more_(11)_it. There could be many mechanisms working together that _(12)_us in choosing genetically similar friends_(13)_”functional Kinship”of being friends with_(14)_!One of the remarkable findings of the study was the similar genes seem to be evolution_(15)_than other genes Studying this could help_(16)_why human evolution picked pace in the last 30,000 years, with social environment being a major_(17)_factor.The findings do not simply explain people’s_(18)_to befriend those of similar_(19)_backgrounds, say the researchers. Though all the subjects were drawn from a population of European extraction, care was taken to_(20)_that all subjects, friends and strangers, were taken from the same population.1. [A] when [B] why [C] how [D] what2. [A] defended [B] concluded [C] withdrawn [D] advised3. [A] for [B] with [C] on [D] by4. [A] compared [B] sought [C] separated [D] connected5. [A] tests [B] objects [C]samples [D] examples6. [A] insignificant [B] unexpected [C]unbelievable [D] incredible7. [A] visit [B] miss [C] seek [D] know8. [A] resemble [B] influence [C] favor [D] surpass9. [A] again [B] also [C] instead [D] thus10. [A] Meanwhile [B] Furthermore [C] Likewise [D] Perhaps11. [A] about [B] to [C]from [D]like12. [A] drive [B] observe [C] confuse [D]limit13. [A] according to [B] rather than [C] regardless of [D] along with14. [A] chances [B]responses [C]missions [D]benefits15. [A] later [B]slower [C] faster [D] earlier16. [A]forecast [B]remember [C]understand [D]express17. [A] unpredictable [B]contributory [C] controllable [D] disruptive18. [A] endeavor [B]decision [C]arrangement [D] tendency19. [A] political [B] religious [C] ethnic [D] economic20.[A] see [B] show [C] prove [D] tell答案：1、what2、concluded3、on4、compared5、samples6、insignificant7、know8、resemble9、also10、Perhaps11、to12、drive13、ratherthan14、benefits15、faster16、understand17、contributory18、tendency19、ethnic20、see。

2011年金融英语考试完形填空模拟训练题Crashed Cars to Text Message for HelpThere is no good place to have a car crash—but some places are worse than others．In a foreign country，for instance，___1___ to explain via cellphone that you are upside down1 in a ditch when you cannot speak the local language can fatally delay the arrival of the emergency services．But an answer may be at hand．Researchers funded by the European Commission2 are beginning tests of a system called E－merge that ___2___ senses when a car has crashed and sends a text message3 telling emergency services4 in the local language that the accident has taken place．The system was ___3___ by ERTICO， a transport research organization based in Brussels，Belgium5．Cars are fitted with a cellphone－sized device attached ___4___ the underside of the dashboard which is activated by the same sensor that triggers the airbag in a crash．The device ___5___ a cellphone circuit，a GPS6 positioning unit，and a microphone and loudspeaker．It registers the severity of the crash7 by ___6___ the deceleration data from the airbag’s sensor．Using GPS information，it works out which country the car is in，and from this it determines ___7___ which language to compose an alert message detailing precise location of the accident．The device then automatically makes a call to the local emergency services ___8___．If the car’s occupants are conscious，they can communicate with the operator ___9___ the speaker and microphone．E－merge also transmits the vehicles make8，color and license number，and its heading9 when it crashed，which in turn indicates on which side of a multi－lane highway it ended up．This ___10___ the emergency services find the vehicle as soon as they arrive on the scene．“We can waste a large ___11___ time searching for an incident，”says Jim Hammond，a（an）___12___ in vehicle technology at the Association of Chief Police Officers in the UK．Tests will begin soon with police car fleets in the UK．Trials have already started in Germany，Sweden，Spain，the Netherlands and Italy．In－car systems10 that summon the emergency services after a crash have ___13___ been fitted in some premium cars11．ERTICO says that ___14___ EU states12 are willing to fund the necessary infrastructure，E－merge could be working by 2008．A study by French car maker Renault13 concluded that the system could save up to14 6000 of the 40，000 lives lost each year on Europe’s roads，and prevent a similar number of serious injuries．The Renault study estimates that fitting E－merge to every car in Europe would eventually save around 150 billion per ___15___ in terms of 15 reduced costs to health services and insurance companies，and fewer lost working days．1．A．try B．tried C．trying D．having tried2．A．automatically B．accidentally C．tremendously D．usually3．A．changed B．located C．developed D．copied4．A．by B．up C．about D．to5．A．forms B．is consisted of C．composes of D．includes6．A．read B．reading C．reads D．being read7．A．on B．in C．of D．at8．A．carmaker B．policeman C．doctor D．operator 9．A．via B．near C．by D．beside10．A．assists B．causes C．makes D．helps 11．A．number of B．deal of C．amount of D．volume of 12．A．writer B．reporter C．expert D．leader 13．A．already B．long ago C．long before D．shortly 14．A．although B．nevertheless C．however D．if 15．A．city B．year C．person D．country。

金融专硕英语完型填空练习题（1）答案 1. 【答案】D. uniqueness【解析】本题测试词义搭配。

uniqueness 独一无二，独特性，正合题意。

magnitude 大小，数量；quantity 数量；uselessness 无用性；均与题意相悖，不能入选。

2. 【答案】B. exactly【解析】本题测试词义搭配。

exactly （= correctly; quite）确切地，完全地：They are exactly alike. naturally 自然地；especially 和particularly 尤其的，特别的；逻辑上均不符合题意，故不入选。

3. 【答案】A. passed on【解析】本题测试惯用搭配。

pass on （=convey to other）把……传递给另外的人：We should pass on the fine tradition of hard struggle from generation to generation. pass away 去世；pass out 失去知觉，昏倒；pass off 中止，停止。

4. 【答案】C. though【解析】本题测试逻辑搭配。

though 尽管；与句意相符。

5. 【答案】D. case【解析】本题测试词义搭配。

case 情况，情景：I afterwards heard that this was not the case. （我后来听到，情况并非如此）If that is the case, I must as well try.（情况如果是这样，我也应该争取）本句译文：科学家和专家业已证明指纹的独特性并发现由父母传给子女的指纹没有完完全全相似的，尽管没有人知道为什么会这样。

6. 【答案】B. structure【解析】本题测试词义搭配。

structure （=way in which sth. is put together, organized, etc.）构造，结构：the structure of the human body（人体构造）。

金融英语试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a type of financial instrument?A. StockB. BondC. DerivativeD. Commodity2. The term "leverage" in finance refers to:A. The use of borrowed funds to increase the potential return of an investment.B. The amount of money invested in a project.C. The process of buying and selling securities.D. The risk associated with a particular investment.3. What does the acronym "IPO" stand for?A. International Public OfferingB. Initial Public OfferingC. Internal Private OfferingD. International Private Offering4. The primary market is where:A. Securities are issued for the first time to the public.B. Securities are traded after they have been issued.C. Companies buy back their own securities.D. Investors sell their securities to other investors.5. A bear market is characterized by:A. A prolonged period of falling prices.B. A period of economic growth.C. A period of high inflation.D. A period of low unemployment.6. The term "risk management" in finance involves:A. Predicting future market trends.B. Identifying potential risks and taking steps tomitigate them.C. Maximizing returns on investments.D. Managing the day-to-day operations of a financial institution.7. A "blue chip" stock refers to:A. A stock that is considered to be of high quality and carries a lower risk.B. A stock that is traded on a blue-colored chip.C. A stock that is considered to be very risky.D. A stock that is traded on a major stock exchange.8. The process of "short selling" involves:A. Borrowing securities and selling them in the hope of buying them back at a lower price.B. Selling securities that the investor does not own.C. Buying securities with the expectation that their price will increase.D. Holding securities for a long period of time.9. What is the role of a "broker" in finance?A. To provide financial advice to clients.B. To facilitate the buying and selling of securities between investors.C. To manage a company's financial transactions.D. To underwrite securities for companies.10. The "efficient market hypothesis" suggests that:A. Stock prices fully reflect all available information.B. It is possible to consistently beat the market by picking individual stocks.C. Investors are irrational and make poor decisions.D. The market is always undervalued.二、填空题（每题1分，共10分）11. The _______ is the process by which a company raisescapital by issuing shares to the public for the first time. 12. A _______ is a financial contract that obligates thebuyer to purchase an asset or the seller to sell an asset ata predetermined future date and price.13. The _______ is the market where existing securities are bought and sold.14. The _______ is a measure of the risk of an investment compared to the return it is expected to generate.15. When the stock market is experiencing a significant and sustained increase in prices, it is known as a _______ market.16. A _______ is a financial institution that acceptsdeposits and provides various types of loans to customers. 17. The _______ is a measure of the ability of a company to pay its current debts with its current assets.18. A _______ is a financial statement that shows a company's financial performance over a period of time.19. The _______ is a type of investment strategy that focuseson long-term growth potential.20. An _______ is a financial instrument that derives its value from an underlying asset.三、简答题（每题5分，共30分）21. Explain the difference between a "mutual fund" and a "hedge fund".22. Describe the concept of "diversification" in investment.23. What is "inflation" and how does it affect the value of money?24. Discuss the role of "central banks" in the economy.四、论述题（每题20分，共20分）25. Discuss the impact of globalization on the financial markets and provide examples to support your argument.五、案例分析题（每题20分，共20分）26. Analyze a recent financial crisis and discuss the factors that contributed to it, the impact it had on the global economy, and the lessons that can be learned from it.答案：一、选择题1-5 D A B A A6-10 B A A B A二、填空题11. Initial Public Offering (IPO)。