金融英语 期末复习题

金融英语复习材料期末考试题型及分值分布：1：单项选择 20*1’=20’2：阅读理解两篇 10*2’=20’3：汉译英 5*3’=15’4：英译汉 6*5’=30’5：专业问答 15’Ⅰ Multiple choice.1. What function is money serving when you buy a ticket to a movie?A. store of valueB. a unit of accountC. transaction demandD. a medium of exchange2. Which of the following statements is not true of central banks?A. they pay the government’s salariesB. they are always the lender of last resortC. they always undertake the regulation of the banking systemD. none of the above3. What is the reserve requirement?A. The requirement for cash reservesB. The requirement for deposits in cashC. T he percentage of a bank’s deposits in the form of cash reservesD. The requirement of a bank to deposit a percentage of money4. Regulation of the money supply and financial markets is referred to asA. fiscal policyB. monetary policyC. income policyD. budgetary policy5. Financial markets serve to channel funds from .A. savers to investorsB. investors to consumersC. consumers to producersD. the government to contractors6. If the central bank wishes to increase the level of bank reserves temporarily, it should .A. purchase government securities outrightB. raise reserve requirementC. buy government securities under a repurchase agreementD. sell government securities under a reserve repurchase agreement7. A commercial bank wishing to increase its capital shouldA. issue new stockB. acquire new depositC. make more commercial loansD. acquire government securities8. The following are the three main instruments used by the central bank to implement its monetary policy exceptA. reserve requirement ratioB. credit quotaC. open market operationD. discount rate9. are the major target which the central bank buys and sells in the open market.A. financial institution bondsB. corporate bondsC. stocksD. government securities10. Financial intermediaries are institutionsA. that borrow funds from investors in productive facilitiesB. that act as middlemen in transferring funds from ultimate lenders to ultimate borrowersC. that lend funds to small saversD. all of the above11. Financial markets can be classified asA. debt and equity marketsB. primary and secondary marketC. money and capital marketsD. all of the above12. Commercial banks participate in the money market asA. lenders onlyB. borrowers onlyC. both lender and borrowersD. trustees only13. The major expense of commercial bank isA. wages and salariesB. dividend payments to stockholdersC. interest on depositsD. taxes14. Stocks are also referred to asA. securitiesB. equitiesC. sharesD. all of above15. Which of the following is not a type of bond?A. corporateB. treasuryC. EurodollarD. municipal16. Which of the following is a debt instrument found in the capital market?A.U.S. treasury billB. commercial paperC. residential mortgageD. demand deposit17. The foreign exchange market is organized asA. a physical marketB. a capital marketC. a speculative marketD. over-the-counter market18. Exchange control require the governmentA. to ensure that the foreign-exchange market is perfectly competitiveB. to stop buying foreign exchangeC. to sell more foreign exchange than it buysD. to balance inflows and outflows of foreign exchange at the current exchange rate19. The forward rate is calculated by adjusting the spot rate by aA. premiumB. discountC. marginD. difference20. When the U.S. real interest rate is low, owning U.S. assets is and so U.S. net foreign investment isA. more attractive…highB. more attractive…lowC. less attractive…highD. less attractive…low21.The main liability on a bank balance sheet is ______.A. depositsB. capital and reservesC. loans and overdraftsD. cash22. Why must the liabilities and assets of a bank be actively managed? ______.A. Because assets and liabilities are not evenly matched on the same time scaleB. Because assets and liabilities are evenly matchedC. Because the interbank market uses LIBORD. Because assets and liabilities can be underwritten23. Financial intermediaries by "borrowing short and lending long" find themselves in difficult financial situations becauseA. short-term rates are fallingB. long-term rates are risingC. deposits increase too rapidlyD. short-term rates rise relative to rates of their holdingsE. long-term rates rise more sharply than short-term rates24. Banks manage their assets considering ______.A. riskB. some optimum combination of the aboveC. earningsD. liquidity25. Indirect finance is also known as .A. financial intermediationB. intangible financeC. disintermediationD. the futures market26. Which of the following financial institutions have the most assets?A. life insurance companyB. private pension fundsC. commercial banksD. credit unions27. By purchasing government securities commercial banks are .A. borrowing from the governmentB. acquiring earning assetsC. making a “loan” to the governmentD. both B and C28. Which of the following financial intermediaries operate in primary securities markets?A. brokersB. dealersC. commercial banksD. investment banks29.Which of the following would be considered a disadvantage of allocating resources using a market system?A. Income will tend to be unevenly distributed.B. Significant unemployment may occur.C. The wastage of scarce economic resources cannot be prevented.D. A misallocation of resources may occur where there is a discrepancy between private and social costs.30. Which of the following is not a factor of production according to economists?A. LandB. LaborC. EntrepreneurshipD. Trademark31. Which of the following is not a function of money?A. To act as a medium of exchangeB. To act as a unit of accountC. To act as a store of valueD. To act as a means of paymentE. To provide a double coincidence of want.32. Legal tender includes .A. coins onlyB. notes onlyC. notes and coinsD. notes, coins and checks33. Commercial bank deposits with the central bank are part of the bank’sA. net worthB. demand depositsC. loan portfolioD. reserves34. The key factor limiting how much a commercial bank has immediately available to lend is the amount of itsA. demand depositsB. excess reservesC. vault cashD. savings deposits35. Which of the following central bank action would be appropriate to combat rapid inflation?A. A reduction in the discount rateB. A reduction in reserve requirementC. A cut in taxD. A sale of government securities36. A commercial bank wishing to increase its capital shouldA. issue new stockB. acquire new depositsC. make more commercial loansD. acquire government securities37. The price in the foreign market is calledA. the trade surplusB. the money priceC. the exchange rateD. the currency rate37. Monetary policy and policy are the two basic tools used by the government to influence the course of economic activity.A. accountingB. fiscalC. financialD.trade38. if the nominal rate of interest is 10 percent and the expected rate of inflation is 7 percent, the real rate of interest is .A.27 percentB. minus 3 percentC. plus 3 percentD. minus 27 plus39. A money market instrument usually used for import/export payment is known as .A. repurchase agreementB. EurodollarC. Certificate of depositD. Banker’s acceptance40. Bonds that can be changed to shares of common stock are said to be .A. callableB. general obligationC. convertibleD. zero-coupon41. Preferred stockholders receive .A. coupon paymentsB. fixed dividend paymentsC. variable dividend paymentsD. payment in the form of additional stock42. Bank manage their assets considering .A. riskB. liquidityC. earningsD. some optimum combination of the above43. Which of the following would be considered a loan secured by real estate?A. A credit card loanB. Subordinated debtC. Bank capitalD. A mortgage44. will be either the sole or the main source of a project loan repayment.A. capital fundsB. investment gainsC. the cash flow arising from the projectsD. all of the above45. In a syndicated loan, handles the negotiations with the borrower, prepares the relevant documentation and disburses the full amount of the loan to the borrower.A. the lead bankB. the accounting bankC. the participating bankD. the agent bank46. Repayment of a borrowing for working capital purposes usually comes from .A. profitsB. sale of fixed assetsC. cash flowD. capital introduced47. A loan agreement is normally prepared by and reviewed by .A. the lending bank’s legal counsel…the borrower’s attorneyB. the borrower’s attorney …the lending bank’s legal counselC. a third party other than the lending bank and the borrower… the lending bank’s legal counselD. none of the above48. For the most bank, are the largest and most obvious source of credit risk.A. guaranteesB. interbank transactionsC. loansD. equities49. A customer has deposited a gold watch with the bank for safe-keeping. This is an example ofA. lienB. pledgeC. bailmentD. mortgage50. A pledge provides a bank with .A. possession of the goodsB. rights over items held in safe custodyC. legal ownership of the goodsD. the ability to transfer interests in certain assets51. Which of the following is true of a mortgage?A. the mortgage retains possession of the mortgaged propertyB. the mortgagor retains possession of the mortgaged propertyC. the lender acquires the right to retain the mortgaged property until the mortgaged debt is repaidD. none of the above汉译英练习题：1.我们银行经办定期存款、活期存款和定活两便存款。

名词解释1、Financial market（金融市场）is a market in which financial assets (securities) such as stocks and bonds can be purchased or sold.2、Those participants that provide funds are called surplus units（盈余方）.3、Participants that enter financial markets to obtain funds are called deficit units（赤字方）4、Those financial markets that facilitate the flow of short-term funds (with maturities of less than one year) are known as money markets（货币市场）.5、Those that facilitate the flow of long-term funds are known as capital markets（资本市场）.6、Primary markets（一级市场）facilitate the issuance of new securities. The issuance of new corporate stock or new treasury securities is a primary market transaction.7、Secondary markets（二级市场）facilitate the trading of existing securities. The sale of existing corporate stock or treasury security holdings by any business or individual is a secondary market transaction.8、liquidity（流动性）, which is the degree to which securities can easily be liquidated (sold) without a loss of value.9、over-the-counter (OTC) market（场外市场）, which is a telecommunications network.10、A secondary stock offering（二次发行）is a new stock offering by a specific firm whose stock is already publicly traded.11、Money Market Securities（货币市场证券）are debt securities that have a maturity of one year or less.12、Capital Market Securities（资本市场证券）securities with a maturity of more than one year are called Capital Market Securities.13、Bonds（债券）are long-term debt obligations issued by corporations and government agencies to support their operations. (Treasury notes and bonds).14、Mortgages（抵押贷款）are long-term debt obligations created to finance the purchase of real estate15、Stocks（股票）(also referred to as equity securities 股权类证券) are certificates representing partial ownership in the corporations that issued them. They are classified as capital market securities.16、Derivative securities（衍生证券）are financial contracts whose values are derived from the values of underlying assets (such as debt securities or equity securities).17、Speculation（投机）: derivative securities allow an investor to speculate on movements in the underlying assets without having to purchase those assets.18 、Hedging（套期保值）: Derivative securities can be used in a manner to generate gains if the value of the underlying assets declines.19、Foreign exchange rates（外汇汇率）: is the price of one money in terms of another one.20、Mutual Funds（共同基金）: they sell shares to surplus units and use the funds received to purchase a portfolio of securities.21、The Loanable Funds theory（可贷资金理论）, commonly used to explain interest rate movements, suggests that the market interest rate is determined by the factors that control the supply of and demand for loanable funds.22、This relationship between interest rate and expected inflation is often referred to as the Fisher Effect（费舍效应）.23、Crowding-out effect.（挤出效应）Given a certain amount of loanable funds supplied to the market( through saving), excessive government demand for these funds tends to “crowd out” the private demand (by consumer and corporation) for funds.24、Repurchase Agreements（购回协议）The Trading Desk purchases Treasury securities from government securities dealers with an agreement to sell back the securities at a specified date in the near future—to ensure adequate liquidity25、The Federal Reserve System (the Fed)(联邦储备系统), as the central bank of the United States, has the responsibility for conducting national monetary policy. 26、Commercial paper（商业票据）is a short-term debt instrument issued only by well-known creditworthy firms and is typically unsecured.27、Negotiable Certificates of Deposit (NCDs)（可转让存单）are issued by large commercial banks and other depository institutions as a short-term source of funds.28、Repo（回购）refers that one party sells securities to another with an agreement to repurchase the securities at a specified date and price.29、Federal funds（联邦基金）market allows depository institutions to effectively lend or borrow short-term funds from each other at the so-called federal funds rate.30、A banker’s acceptances（银行承兑）indicates thata bank accepts responsibility for a future payment. They are commonly used for international trade transactions.31、The U.S. dollar deposits in non-U.S. banks is called Eurodollar certificates of deposit or Eurodollar CDs（欧洲美元存款）.32、Bond markets(债券市场)facilitate the flow of long-term debt from surplus units to deficit units.33、Bearer bonds（无记名债券）: require the owner to clip coupons attacked to the bonds and send them to the issuer to receive coupon payments.34、Registered bonds（记名债券）: require the issuer to maintain records of who owns the bond and automatically send coupon payments to the owners. 35、An initial public offering（首次公开募股）is a first-time of shares by a specific firm to the public.36、Over-the-Counter Market（场外交易市场）:Trades through a telecommunications network37、Financial futures markets（金融期货市场）facilitate the trading of financial future contracts.38、financial futures contract（期货合约）is a standardized agreement to deliver or receive a specified amount of a specified financial instrument at a specified price and date.39、price movements of bond futures contracts Economic growth: employment, GDP, retail sales, industrial production, and consumer confidence40、A bond index futures contract allows for the buying and selling of a bond index for a specified price at a specifies date.41、Open Market OperationsThe buying and selling of government securities (through the Trading Desk) is referred to as open market operations.42、Stripped treasury bondsStripped Treasury BondsThe cash flows of bonds are commonly transformed(转化) by securities firms so that one security represents the principal payment only while a second security represents the interest payments1.depository institution（存款类金融机构）：1Commercial Banks.2Saving institutions include savings and loan associations (S&Ls) and saving banks.3 Interaction between Savings Institutions and Other Financial Institutions. 4Credit unions(信用合作组织)2.Nondepository Financial Institutions（非存款类金融机构）1Finance Companies2Mutual Funds (共同基金)3 Securities firms4Insurance Companies 5 Pension Funds3.Depository institutions are popular financial institutions for the following reasons:They offer deposit accounts that can accommodate the amount and liquidity characteristics desired by most surplus units.Repackage funds received from deposits to provide loans of the size and maturity desired by deficit units. They act as a creditor.Accept the risk on loans provided.Have more expertise than individual surplus units in evaluating the creditworthiness of deficit unitsDiversify their loans among numerous deficit units and therefore can absorb defaulted loans better than individual surplus units could.4.Demand for loanable funds1）Household demand 2）Business demand 3)Government demand 4)Foreign demand 5)Aggregate demand5.The Fed has five major components:Federal Reserve district banks(联储地区银行)Member banksBoard of Governors(联邦储备理事会)Federal Open Market Committee (FOMC)Advisory committees(顾问委员会)6.The Fed can use three monetary policy tools to either increase or decrease the money supply:1）Open market operations2）Adjustments in the discount rate 3）Adjustments in the reserve requirement ratioparison of Monetary Policy Tools1）Open market operations are convenient and used without signaling the Fed’s intent ions.2）Adjustment to loans by adjusting discount rate is only temporary.3）Adjustment in the reserve requirement ratio can cause erratic (反复无常的)shifts in the money supply.6 M1 = Currency + checking depositsM2 = M1 + saving deposits, MMDAs, Eurodollars, small time depositsM3 = M2 + money market mutual funds, large time deposits, repurchase agreements8.popular money market securities are:Treasury bills, commercial paper, negotiable certificates of deposit, repurchase agreements, federal funds and banke r’s acceptances9.The reasons that the Eurodollar market are attractive for both depositors and borrowers:the spread between the rate banks pay and the rate they charge is relatively smallOnly governments and large corporations participate in this market—lower riskInvestors in the market avoid some costs (no deposit insurance, lower taxes, no government-mandated credit allocations)Eurodollar CDs are not subject to reserve requirements Less regulations and restrictions10.The purpose for call provisions（提前赎回条款）: End up paying a higher rate when interest rates decline Retire bonds as required by a sinking-fund provision 11.Futures and forward contracts are similar in the following ways:Both are derivative securities for future delivery. The parties agree today on price and quantity for settlement in the future.Both are used to hedge currency risk, interest rate risk or commodity price risk.They differ in these ways:Forward contracts are private, customized定制contracts between a bank and its clients depending on the client’s needs (OTC). There is no secondary market for forward contracts since they are private contractual agreements.Forward contracts are settled at expiration. Futures contracts are continually settled (mark to market) Profits/losses for a futures contract accumulate on a daily basis unlike a forward contract where profits/losses are realized at once at contract expiration. Futures markets have daily price limits. If the settlement price changes by the daily price limit, trading is stopped until the next day.12.Risk of Trading Futures Contracts1）Market risk: refers to fluctuations in the value of the instrument as a result of market conditions. (wrong expectation)2）Basis risk: the position being hedged by the futures contracts is not affected in the same manner as the instrument underlying the futures contract.3）Liquidity risk: refers to potential price distortions dueto a lack of liquidity. (no traders)4）Credit risk: is the risk that a loss will occur because a counterparty defaults on the contract.5）Prepayment risk: refers to the possibility that the assets to be hedged may be prepaid earlier than their designated maturity.6）Operational risk: is the risk of losses as a result of inadequate management or controls.13 Foreign stock offerings in U.S.Advantages: enhance the global image, easily place the issue of new stock, obtain large amount of fund, diversifies the shareholder base, increase the liquidity, protect a firm against hostile takeovers(恶意收购) Disadvantages: stringent(严格的) regulations, entail some costs14、How does the Fed use the monetary policy tools to adjust the money supply?（1）When the Fed issues securities, the commercial banks purchase those that are most attractive. The total funds decrease and the money supply falls.When the Fed purchase securities, the total funds increase, which represents a loosening of money supply growth.（2）To increase the money supply, the Fed can authorized a reduction in the discount rate; to decrease the money supply, the Fed can increase the discount rate.（3）The lower the reserve requirement ratio, the greater the lending capacity of depository institutions, so a larger money supply.Money multiply15、What are the characteristics of corporate bonds?（1）The bond indenture, trustee（2）Sinking-Fund Provision(偿债基金准备)（3）Protective Covenants(保护条款)16、What is the relationship between the government demand for loanable funds and interest rate? (Explain by pictures)The federal government demand-for-loanable-funds schedule is Dg1, if new bills are passed that cause a net increase in the deficit of USD20 billion, the federal government demand for loanable funds will increaseby that amount. The new demand schedule is Dg2.17、What are the ways by which the money flows from individual surplus units to deficit units?a major type of financial intermediary is the depository institution which accepts deposits from surplus units and provides credit to deficit units through loans and purchases of securities.18、How does the level of tax, do you think, affect the demand of household for loanable funds (please explain by pictures)?An investment tax credit will increase the incentive to borrow，it increases the demand for loanable funds.。

金融英语期末试题及答案一、选择题1. What is the time value of money?A. The concept of money having different values at different times.B. The concept of money having the same value at all times.C. The concept of money having no value over time.D. The concept of money having a fixed value regardless of time.答案：A2. Which of the following is a type of risk in finance?A. Exchange rate riskB. Market riskC. Interest rate riskD. All of the above答案：D3. What is the purpose of diversification in investment?A. To concentrate investments in a single assetB. To reduce the overall risk of a portfolioC. To increase the potential return of a portfolioD. To eliminate all risk from a portfolio答案：B4. What is the function of a stock exchange?A. To regulate the trading of stocks and other securitiesB. To provide loans to individuals and businessesC. To monitor interest rates in the economyD. To facilitate international trade transactions答案：A5. What is the role of a financial analyst?A. To analyze economic trends and make investment recommendationsB. To issue and sell financial products to customersC. To manage the day-to-day operations of a financial institutionD. To set monetary policies for an economy答案：A二、填空题1. The process of buying and selling securities on the stock market is known as _________.答案：trading2. A document that outlines the terms and conditions of a loan is called a _________.答案：loan agreement3. The risk that an investment will lose value due to changes in the overall market is known as _________ risk.答案：market4. The interest rate at which banks lend money to each other overnight is called the _________ rate.答案：overnight5. The process by which a company raises capital by selling shares to the public is known as _________.答案：initial public offering (IPO)三、简答题1. Explain the difference between stocks and bonds.答案：Stocks represent ownership in a company and give investors the right to share in the company's profits and voting rights. Bonds, on the other hand, are debt securities issued by companies or governments to raise capital. Bondholders lend money to the issuer in exchange for periodic interest payments and the return of the principal amount at maturity.2. What factors can affect currency exchange rates?答案：Currency exchange rates can be influenced by factors such as interest rates, inflation, political stability, economic performance, and market speculation. Changes in these factors can cause the value of a currency to fluctuate relative to other currencies.3. What is the difference between a mutual fund and an exchange-traded fund (ETF)?答案：A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of securities. Investors in mutual funds buy shares directly from the fund at the net asset value (NAV) price. An ETF, on the other hand, is a type of investment fund that is traded on a stock exchange like a common stock. ETFs can be bought and sold throughout the trading day at market prices, and their prices may deviate slightly from the underlying asset value.四、解释题1. Explain the concept of compound interest.答案：Compound interest is the interest that is earned on both the initial principal amount and any accumulated interest from previous periods. In other words, it is interest on interest. As interest is added to the principal, the total amount grows over time, and subsequently, the amount of interest earned in each period also increases. This compounding effect allows investments to grow at an accelerated rate compared to simple interest, where interest is only calculated on the initial principal.2. What is diversification in investment and why is it important?答案：Diversification refers to the practice of spreading investments across different assets, industries, or geographical regions to reduce risk. By diversifying a portfolio, an investor can decrease the impact of any single investment's performance on the overall portfolio. Different investments may have different risk levels and may react differently to economic or market conditions. Therefore, if one investment performs poorly, other investments in the portfolio may provide a buffer against potential losses. Diversification can help to achieve a more balanced risk-return profile and enhance the potential for long-term investment success.五、翻译题Translate the following sentence into English:中国货币政策的调整对全球金融市场有重要影响。

国际金融学期末分录题及答案英文1、Almost every one of us could see her anxiety from the（）on her face. [单选题] *A. appearanceB. feelingC. movementD. expression(正确答案)2、We have ______ homework today. （）[单选题] *A. too manyB. too much(正确答案)C. much tooD. very much3、Tom sits _______ Mary and Jane. [单选题] *A. amongB. between(正确答案)C. onD. next4、22．Will there ________ any schools in the future? [单选题] *A．isB．areC．amD．be(正确答案)5、My home is about _______ away from the school. [单选题] *A. three hundred metreB. three hundreds metresC. three hundred metres(正确答案)D. three hundreds metre6、Boys and girls, please _______ your favorite book here and show it to us next class. [单选题] *A. bring(正确答案)B. sellC. buyD. take7、The house is well decorated _____ the disarrangement of a few photos. [单选题] *A. exceptB. besidesC. except for(正确答案)D. in addition to8、( ) --------Please take my seat here.-------- __________________________. [单选题]*A. That is nice of you(正确答案)B. I think it is my seatC. No, you sit hereD. I don’t think it’s a good seat.9、By the end of this month, all this _____. [单选题] *A. is changedB．will changeC. will have changed(正确答案)D. has changed10、Tony can _______ the guitar.Now he _______ the guitar. [单选题] *A. play; plays(正确答案)B. playing; playingC. plays; is playingD. play; is playing11、The sun disappeared behind the clouds. [单选题] *A. 出现B. 悬挂C. 盛开D. 消失(正确答案)12、I _______ Zhang Hua in the bookstore last Sunday. [单选题] *A. meetB. meetingC. meetedD. met(正确答案)13、Tom is very _______. He never cleans his room. [单选题] *A. lazy(正确答案)B. activeC. shyD. healthy14、We _____ three major snowstorms so far this winter. [单选题] *A.hadB. haveC. have had(正确答案)D.had had15、The teacher has his students_____a composition every other week. [单选题] *A.to writeB.writtenC.writingD.write(正确答案)16、59．—Can I talk to the manager?—Please wait ________ minute. [单选题] * A．anB．a(正确答案)C．theD．/17、She talks too much; you’ll be glad when you’re free of her. [单选题] *A. 与她自由交谈B. 离开她(正确答案)C. 受她的控制D. 与她在一起18、I have worked all day. I'm so tired that I need _____ . [单选题] *A. a night restB. rest of nightC. a night's rest(正确答案)D. a rest of night19、I paid him 50 dollars for the painting, but its real（）must be about 500 dollars. [单选题] *A. feeB. value(正确答案)C. priceD. fare20、You could hardly imagine _______ amazing the Great Wall was. [单选题] *A. how(正确答案)B. whatC. whyD. where21、These plastics flowers look so_____that many people think they are real. [单选题] *A.beautifulB.artificialC.natural(正确答案)D.similar22、Just use this room for the time being ,and we’ll offer you a larger one _______it becomes available [单选题] *A. as soon as(正确答案)B unless .C as far asD until23、The boy’s mother always _______ him a story before he goes to bed. [单选题] *A. saysB. speaksC. tells(正确答案)D. talks24、—______ do you play basketball?—Twice a week.（）[单选题] *A. How often(正确答案)B. How muchC. How manyD. How long25、—______ pencils are these?—They are Tony’s.（）[单选题] *A. WhatB. WhereC WhoD. Whose(正确答案)26、Her （）for writing was that she wished women to get the right to higher education. [单选题] *A. motivation(正确答案)B. motivateC. effectD. concentration27、I got caught in the rain and my suit____. [单选题] *A. has ruinedB. had ruinedC. has been ruined(正确答案)D. had been ruined28、Nick has always been good _______ finding cheap flights. [单选题] *A. at(正确答案)B. forC. withD. to29、During the Spring Festival, people in Northern China usually eat _______ as a traditional Chinese food. [单选题] *A. pizzaB. dumplings(正确答案)C. hamburgersD. noodles30、Mike and his friend are going to the _______ to see the new action movie tonight. [单选题] *A. book shopB. restaurantC. concertD. cinema(正确答案)。

Part Ⅰ Multiple Choices.1. Since April 1994, the RMB exchange rate has been determined by__________.A. the China foreign Exchange Trading SystemB. the People’s Bank of ChinaC. supply and demand as well as trading situations in the China Foreign Exchange Swap MarketD. supply and demand as well as trading situations in the unified interbank foreign exchange market2. If near money is to be used directly to purchase goods or services, it must be________.A. permitted by the business companyB. endorsed by the holderC. drawn from a bank firstD. converted into cash or sight deposit3. Which of the following is not one of the functions of money?A. Medium of exchangeB. Store of valueC. Financial assetsD. Standard for deferred payment4. Unless otherwise stated in the letter of credit, banks will not accept_________ presented by the beneficiary.A. the open coverB. the cover noteC. the insurance certificateD. the insurance policy5. Factoring provides the following services except _____________.A. maintenance of the sales ledgerB. collection of accounts receivableC. 100% non-recourse finance to the seller despite commercial disputes between the seller and the buyerD. credit risk protection on the buyer6. When the exported goods are insured under an open cover agreement, _______is the most appropriate document as evidence of insurance.A. an open policyB. an insurance certificateC. an insurance policyD. an inspection certificate7. Advances to the importer can be given in the following ways except__________ .A. limits for issuing letters of creditB. inward bills receivableC. packing loansD. delivery against the bank guarantee8. As far as the beneficiary is concerned the letter of credit which is available by _________ is the least favorable.A. negotiationB. acceptanceC. sight paymentD. deferred payment9. Deposits, taken within the territory of the People’s Republic of China by a foreign financial institution shall not exceed _______ percent of its total assets.A. 20B. 30C. 40D. 6010. “Pay Chen RMB10,000 on the date of his marriage.” This is __________.A. a bill of exchangeB. a chequeC. a promissory noteD. an orderPart Ⅱ ClozePassage OneCommercial banks are business firms; like all firms, they strive to earn a profit. The object of commercial bank management is therefore to ___11___ profits while maintaining a very low risk of becoming ___12____. To remain solvent, a commercial bank must take precautions to ensure that the value of its assets___13____ the value of its liabilities at all times. If at any time losses from securities, ___14___loans, or other investments force the value of the bank’s ass ets ____15___ the value of its liabilities, the bank becomes insolvent.11. A. minimize B. maximize C. control D. manage12. A insolvent B. solvent C. default D. liquidation13. A equals B contracts C exceeds D lags14. A fault B defaulted C liquid D speculated15. A above B under C beyond D belowPassage TwoIn the foreign exchange market, which is made up of banks’ traders and brokers, prices ____16_____ every minute ___17____ to supply and demand. For safety’s sake, a branch will get a rate from their traders for a big transaction. This process would be too cumbersome, however, for every small transaction. Therefore the traders give their branches lists of exchange rates_____18_____ they may buy and sell notes and payments in the main currencies.Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterling to a non-resident, the payment has first to ___19__ under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases ___20___ borrowing and lending have to be referred to the Bank of England.16. A alter B vary C turn D convert17. A in response B respondent C responding D answering18. A of which B on which C in which D at which19. A authorizing B authorize C be authorized D have been authorized20. A involving B involve C will involve D being involvedPassage ThreeThe bank __21__ borrowers enough interest to pay the expense of the bank and have something left over for __22__. The interest cannot be higher than the legal ate, which is established by state law and in most states is 6% per year, __23__ big loans, the interest rate is much less, even as low as 2%, The fate depends on the money market, When there is plenty of money __24__ to be borrowed, banks charge low rates of interest. A savings bank may pay its depositors 2% and lend the money at 3.5% or 4%. But when money is tight, interest rates go up, and a savings bank may try to _25__ depositors by offering 4% or4.5% or even more ad lending the money at 5% or 6%.21. A. receives B. gets C. charges D. pays22. A. profit B. interest C. surplus D. income23. A. In case of B. In the case of C. In consequence of D. In conjunction with24. A. available B. costly C. adaptable D. receivable25. A. absorb B. attract C. mobilize D. ChannelPassage FourIf a paying ban requests a receiving bank to return or adjust a payment by means of __26__ or by means of most types of electronic transmission, but does not issue the __27__ in connection__28__ its request or the request says “No indemnity”, the paying bank shall not be liable to the receiving bank for any loss and expense, __29__ reasonable attorney’s fees ,incurred y the receiving bank as the result of its return or adjustment of the __30__ .26. A. telex B. letter C. telephone D. SWIFT27. A. letter of credit B. indemnity C. guarantee D. bill of exchange28. A. of B. with C. for D. to29. A. beside B. except C. including D. excluding30. A. credit B. payment C. proceeds D. expensesPart Ⅲ Decide whether the following statements are True or False. Passage 1One of the most important functions of the accounting process is to accumulate and report accounting information that shows an organization’s financial position and the results of its operations. Many businesses publish such financial statements at least annually. The subdivision of the accounting process that produces these general-purpose reports is referred to as financial accounting. Another major function of accounting is to provide management with the data needed for decision-making and for efficient operation of the firm.Although management people routinely receive the financial reports, they also require various other information, such as the unit cost of a product, estimates of the profit earned from a specific sales activity, cost comparisons of alternative courses of action and long-range budgets. The process of generating and analyzing such data is often referred to as managerial accounting.31. The purpose of managerial accounting is to prepare financial statements every year.A. RightB. WrongC. Doesn’t say32. Financial statements include balance sheet, income statement and cash flow statement.A. RightB. WrongC. Doesn’t say33. Financial statements are used only by the outsiders of a firm.A. RightB. WrongC. Doesn’t say34. The management of a firm needs to use the results of both financial accounting as well as managerial accounting.A. RightB. WrongC. Doesn’t sayPassage 2Assets are the economic resources of the business that can be usefully expressed in monetary terms, Liabilities, or creditor’s equity, are the obligations, or debts, that the firm must pay in money or services at some time in the future. They therefore represent creditor’ s claims on th e assets of the firm. The owner’ s interest is equal to the net assets of the business, which is defined as the difference between the assets and liabilities. Thus, owner’s equity is the residual claim-a claim to the assets remaining after the debt to creditors has been discharged.35. Assets and liabilities of a firm are both shown on the firm’s balance sheet.A. RightB. WrongC. Doesn’t say36. The equity amount of a balance sheet is the creditor’s claims on the firm.A. RightB. WrongC. Doesn’t say37. Expenses of a firm should be shown on the firm’s income statement.A. RightB. WrongC. Doesn’t sayPassage 3From the bank’s point of view, leverage ratios vary from conservative (highest calculated leverage) to liberal (lowest calculated leverage). The most conservative leverage rations show the most debt and least net worth,Therefore, the total liabilities/tangible net worth ratio will produce the highest leverage and thus be the most conservative because all liabilities are included. On the net worth side, equity has been reduced by the intangible assets on the balance sheet, Intangible assets do not necessarily yield cash, so it is more conservative to subtract these assets from net worth, Conversely, the senior liabilities/capital funds ratio would show less leverage because only senior liabilities are shown as debt, and net worth bas been augmented by the amounts of subordinated debt outstanding.38. Financial leverage refers to how much money a firm uses for assets.A. RightB. WrongC. D oesn’t say39. Conservative leverage ratio means using the most debt and least net worth in calculatingleverage.A. RightB. WrongC. Doesn’t say40. From the bank’s point of view, a liberal leverage calculation is better.A. RightB. WrongC. Doesn’t sayPassage 4Liquidity is a measure of how quickly an item may be converted to cash. Therefore, cash is the most liquid asset. Account receivable is a relatively liquid asset because the business expects to collect the amount in cash in the near future. Supplies are less liquid than accounts receivable. Users of financial statements are interested in liquidity because business difficulties often arise owing to shortage of cash. How quickly can the business convert an asset to cash and pay a debt? How soon must a liability be paid? These are questions of liquidity.41. Long-term assets are all assets other than current assets.A rightB wrongC Doesn’t say42. Supplies are less liquid than accounts receivable, and furniture and buildings are even less so.A RightB WrongC Doesn’t43. People are interested in liabilities on the balance sheet because it is relatively liquid.A RightB wrongC Doesn’t sayPassage 5Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans. It serves the needs of industry and commerce, government and local authorities. Private sector firms borrow their working capital (current assets minus current liabilities) from the money market, which used to be mainly via commercial banks; the role of banks as middlemen has now diminished, even for the working capital requirements. Private sector firms raise their fixed capital by the issue of shares or commercial paper bonds.Government and local authorities borrow medium and long-term capital by issuing gilt-edged stocks and bands. The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London.44. An industrial corporate can meet its financial needs by seeking funds from the capital markets.A RightB WrongC Doesn’t say45. Nowadays a private business usually obtains its working capital through a commercial bank.A RightB WrongC Doesn’t say46. In the UK commercial banks often raise funds by issuing bands and stocks.A RightB WrongC Doesn’t sayPassage 6A commercial bank shall formulate its business rules, establish and improve its business management, the system of cash control and its security system in accordance with the stipulations o f the People’s Bank of China.A commercial bank shall establish and improve its systems of examining and checking deposits, loans settlements and bad and doubtful accounts. The PBC can exercise examination of a commercial bank at any time in accordance with the relevant provisions. The personnel in charge of the examination and supervision should produce their legitimate at the time of conducting examination and supervision.A commercial bank shall provide financial financial accounting information, business contracts and other information about its business and management at the request of the People’s Bank of China.A commercial bank is subject to the audit control by the auditing authorities in accordance with the audit law and regulations.47. The PBC can exercise examination of a commercial bank at any time.A RightB WrongC Doesn’t say48. A commercial bank shall establish and improve its system of internal control according to law.A RightB WrongC Doesn’t say49. A member staff of the PBC should present his legitimate certificate for on-site examination.A RightB WrongC Doesn’t say50. The auditing authorities can not exercise the audit control over a commercial bank.A RightB WrongC Doesn’t sayPart Ⅳ Translation51. Although China has introduced current account convertibility, capital account transactions remain under control.52. If we start the day with a long position of $10,000,000and $2,000,000 spot to a customer and$3,000,000 three months forward to a bank, our position is reduced to $5,000,000.53. Restructuring a syndicated loan of a financially distressed borrower often requires unanimous agreement of all banks.54. Commercial bank’s net interest revenue can be affected by fluctuations in market rates as a result of timing differences in repricing of its assets and liabilities.55. In credit portfolio management, Citicorp emphasizes the importance of asset and earnings diversification, the immediate recognition as losses of all credits judged to be uncollectable, and the maintenance of an appropriate credit loss allowance.56. I have another thing to trouble you. If we need Renminbi, is our sale of US dollars limited to you at your buying rate? I mean, can we sell them elsewhere at a higher price?57. Drafts are usually valid for 6 months. This draft expires on Nov. 10. It is the first of November. I’m not sure whether the draft can reach the paying bank at the mat urity date.58. Normally, the title to the goods does not pass to the buyer until the draft is paid or accepted by the buyer.59. It is apparent that profits earned will not necessarily take the form of cash, they can be used for investment in other assets or to reduce liabilities such as debts.60. Traveller’s cheques are in fixed and round amount. So they are convenient to be encashed.。

Please translate the underlined parts of the second paragraph into Chinese.1, 现在，联邦储备体系是一个拥有区域分支银行的机构。

在所有权和控制方面，有政府利益和个人利益的代表组织。

2 ,What is the significance of setting up the regional banks ?In order to maintain a balance between central supervision in Washington and participation of various regions as well as private sector3, What is the most important part in the central bank’s policies?the twin goals of promotion of price stability at home and stimulation of genuine growth of economy.4 Can you use another proper wo rd or term to replace the underlined word “clearing”in the 8 paragraph?Settlement5 According to the text why is independence so important for the central bank?The greater the independence of the central bank the less likely it will become the target of short-term political pressure.Article 21.What are the differences among inflation disinflation and deflationφInflation refers to the rise in prices resulting from an increase in the supply of money credit etc.φDisinflation refers to the lessening of inflation through increasing taxes and reducing money supply.φDeflation refers to the reduction in the amount of money in circulation in an economy in order to lower prices or keep them steady.2.What does the writer think of the present economical situation of the United States ? Why does he think so?The present economic situation is popped asset bubble. Because at present businesses might be only about half way through the pruning of excess investment and there are the excesses of household debt the shortfall of personal saving and a massive current account deficit.3.Which Asian countries determine the price in this areaThe PRC.4.Is deflation a widespread phenomenon in the American continent Why or why notNo.5.What does the sentence “a surprisingly close call with deflation could well bein the cards for the United States at some point over the next couple of years.”Mean?It means that the US will be at the risk of experiencing deflation sometime in the next couple of years.。

documents.学年度第一学期《金融英语》2011 -2012 ( ) 3. In documentary credit, the issuing bank is usually a bank located in the beneficiary's country.( ) 4. An advising bank or notifying bank is the bank that advises the applicant that a letter of credit 卷期末考试A(L/C) has been issued, confirmed, or amended.( ) 5. Acceptance must be made at the back of the bill and signed by the drawee.( ) 6. In cheque transactions, the drawer and the payer are the same person. 姓名专业年级学号( ) 7. Both a crossed cheque and a open cheque can be cashed over the counter.( ) 8. Education loan is, just one tpye of amortization loans.( ) 9. Short-term loans are often used to satisfy fixed asset investment whereas medium andlong-term loans are often used to finance working capital needs.( ) 10. By barter, it means that people use goods to trade for other goods made by other people.Ⅳ. Choose the best answer.(2分/题，10题共20分)( ) 1. The first modern international monetary system was the _________?Match the words in the left column with the proper chinese equivalents in the right Ⅰ.A gold standard B Bretton Woods Systemcolumn.10 points,1 point for each ）（C Jemaica System D European Monetary SystemA 通货膨胀( ) 1 financial assets( ) 2. Used to settle official transactions at the IMF, ______ are sometimes called paper gold.B 托收行( ) 2 executiveA dollarsB ECUsC 金融资产( ) 3 barterC SDRsD all currenciesD 有利可图的( ) 4 installment( ) 3. The ____fees are one-time charges negotiated in advance and imposed when the loan机密的 E ( ) 5 profitableagreement is signed.) 6 recipient ( 分期付款 FA managementB front-end 指定的人G ) 7 ( orderC commitmentD participation( 行政人员H ) 8 inflation( ) 4. The person paying the money is _______ of a cheque.I 物物交换) 9 confidental (A the draweeB the endorser ( 收信人J ) 10 remitting bankC the payeeD the endorsee( ) 5. The documents will not be delivered to the buyer until ________.分）105题，（II.Give the full name to the following words.2分/ 题共A the buyer has cleared goods B the goods have arrived ______________________________ ECU ．1C the bill is paid or accepted D both A and B______________________________ IMF ．2( ) 6. If it is not stated as D/P or D/A, the documents can be released_________.______________________________ SDRs 3．A against acceptance pour avalB against acceptance 4． D/A_______________________________C against paymentD in either way．5CPA ________________________________ ( ) 7. Under_____, no draft is drawn. It is also used as a means of avoiding the stamp duty（10分）. Decide whether each of the following statements is true(T) or false(F). Ⅲpayable on drafts.the ( personal with be not should transactions Business 1. ) confused Similarly, transactions.A the acceptance creditB the derferred payment credit transactions of different entities should not be accounted for together.D the negotiated creditC the payment credit ) 2. A usance credit means a credit which stipulates the immediate payment on presentation of(( ) 8. ________is the bank to which the pricipal has entrusting the collection.“We needed furniture(家具) for our living room.”Says John Ross, “and we just didn't have enough money to buy it. So we decided to try making a few tables and chairs.”B The collecting bank John got married six A The remitting bankmonths ago, and like many young people these days, they are struggling to make a home at a time when D Both A and BC The presenting bankthe cost of living is very high. The Rosses took a 2-week course for $ 280 at a night school. Nowthey ) 9. Which principle has the assumption that the business will continue in operation?(build all their furniture and make repairs around the house.B The going-concern concept A The cost principleJim Hatfield has three boys and his wife died. He has a full-time job at home as well as in a shoe C The matching principle D Both A and Bmaking factory. Last month, he received a car repair bill for $ 420. “I was deeply upset about it. Now I ( ) 10. _______ is the most important part of a bank letter.have finished a car repair course, I should be able to fix the car by myself.” B Body ASubjectJohn and Jim are not unusual people. Most families in the country are doing everything they can to D SignatureC Complimentary closesave money so they can fight the high cost of living. If you want to become a “)do-it-yourself”, you can Ⅴ. Translate the following sentences. (20分go to DIY classes. And for those who do not have time to take a course, there are books that tell you 1. The usual way wordor by writing stamping the the drawee accepts a draft iss authorized signature and the ACCEPTED” on the face of the draft, plus the drawee'“how you can do things yourself.1. We can learn from the text that many newly married people _______. date accepted.that theA. find it hard to pay for what they need verify reasonable good 2. Banks wiil act in faith and exercise care and mustdocuments received appear to ba as listed in the collection order. B. have to learn to make their own furniture.C. take DIY courses run by the government. hospitals, as churches, most government agencies, andsuch 3. Nonprofit organizationscolleges use accounting information in much the same way that profit oriented businesses D. seldom go to a department store to buy things2. John and his wife went to evening classes to learn how to _____ do.4. 用货币作为交换媒介是货币的主要职能之一。

最新《金融学（英）》期末考试复习模拟试卷（含）参考答案1.Multiple choices ( 10 points, 1 point each )1)Assets such as bonds, common stock, art, land, furniture, cars, or houses function asstores ofvalue, but ( )A.are not generally accepted in the payment for goods and services.B.do not generate flows of income for their owners.C.are not considered as wealth.D.all of the above.2) A $4,000 coupon bond with a $240 coupon payment every year has a coupon rate of ( )A.2 percent.B.6 percent.C.8 percent.D.12 percent.3)The return on a 10 percent coupon bond that initially sells for $1,000 and sells for $1,200next year is ( )A.15 percent.B.25 percent.C.30 percent.D.33 percent.4)In a recession when income and wealth are falling, the demand for bonds _____ and thedemand curve shifts to the _____. ( )A.falls; rightB.falls; leftC.rises; rightD.rises; left5)When the inflation rate is expected to increase, the _____ of bonds increases while the_____ curve shifts to the left. ( )A.demand; demandB.demand; supplyC.supply; demandD.supply; supply6)If the expected path of one-year interest rates over the next five years is 4 percent, 5 percent,7 percent, 8 percent, and 6 percent, then the expectations theory predicts that today’sinterest rate on the five-year bond is ( )A.4 percent.B.5 percent.C.6 percent.D.7 percent.7)Using the one-period valuation model, assuming a year-end dividend of $1.00, an expectedsales price of $100, and a required rate of return of 10%, the current price of the stock would be ( )A.$90.91B.$91.00C.$91.82D.$92.008)The concept of adverse selection helps to explain ( )A.why financial markets are among the most heavily regulated sectors of the economy.B.why only large, well-established corporations have access to securities markets.C.why collateral is an important feature of debt contracts.D.all of the above.9)Which of the following are reported as liabilities on a bank’s balance sheet? ( )A.Bank capitalB.LoanC.ReservesD.All of the above10)If, after a deposit outflow, a bank has a reserve deficiency of $3 million, it can meet itsreserve requirements by ( )A.reducing deposits by $3 million.B.increasing loans by $3 million.C.selling $3 million of securities.D.reducing its capital by $3 million2、Term Explanation in English ( 20 points, 4 points each)(1) conflicts of interest(2)rate of capital gain(3)interest rate risk(4) monetary aggregates(5)r isk premium3、Short Answer Question in English (32points , 8 points each )（1）If there is a decline in interest rates, which would you rather be holding , long-term bonds or short-term bonds?why? Which（2）If the bank you own has no excess reserves and a sound customer comes in asking for a loan , should you automatically turn the customer down, explaining you don’t have any excess reserves to lend out? Why or why not？What options are available for you to provide the funds your customer needs?（3）Explain three ways by which the Federal Reserve System can increase the monetary base. Why is the effect of Federal Reserve actions on bank reserves less exact than the effect on the monetary base?(4)The payments system has evolved from commodity money to fiat money to checks to electronic money. Discuss one advantage and one disadvantage of each form of money.4、Diagram (13 points)（1）Assume that no banks hold excess reserves, and the public holds no currency. If a bank sells a $100 security to the Fed, show, using T-accounts, what happens to this bank and one additional steps in the deposit expansion process, assuming a 10% reserve requirement. How much do deposits and loans increase for the banking system when the process is completed? （8 points）(2)what is the yield to maturity on a bond that has a price of $2000 and pays $100 of interest annually forever?( 5 points)5. Discussion in Chinese ( 25points)（1）2018年我国资产证券化市场继续呈现蓬勃发展态势，资产证券化市场存量超过万亿，信贷资产支持证券发行数量和规模较上年均有大幅增长。

金融英语1-期末第一课 I I . Translate the term s. 1 . credit union 参考答案信用协会 2. savings account：参考答案储蓄账户 3. portfolio：参考答案资产组合 4. m ortgage：参考答案不动产抵押贷款 5. ATM：参考答案自动提款机 6. debt consolidation：参考答案债务重整 7. 支票账户：参考答案 checking account 8. 存款：参考答案 deposit (savings) 9. 资产：参考答案 asset 1 0. 信用卡：参考答案 credit card I I I .Translate the following sentences into English: 1 . 金融中介使小额储户和借款人能得益于金融市场的存在，因此提高了经济效率。

参考答案 Financial interm ediaries allow sm all savers and borrowers to benefit from the existence of financial m arkets, thereby increasing the efficiency of the econom y. 2. 一些经济学家认为，发展中国家经济发展缓慢的原因之一是他们不具备发达的金融市场。

参考答案 Som e econom ists think that one of the reasons that econom ies in developing countries grow so slowly is that1/ 15they do not have well-developed financial m arkets. 3. 你把钱存入支票账户，在需要付款或获取现金时你可以开支票。

参考答案 You deposit m oney into a checking account and then write checks when you need topay for som ething or get cash.4. 储蓄账户是一种安全、方便的存款方式。

金融英语试题及答案一、选择题（每题2分，共20分）1. 以下哪个选项是“股票”的正确英文表达？A. StockB. BondC. DerivativeD. Option答案：A2. 金融英语中，“利率”通常指的是什么？A. Interest RateB. Exchange RateC. Inflation RateD. Stock Price答案：A3. 在金融领域，“风险管理”的英文表达是什么？A. Risk ManagementB. Asset ManagementC. Fund ManagementD. Portfolio Management答案：A4. 以下哪个选项不是金融工具？A. SharesB. BondsC. LoansD. Software答案：D5. “外汇”在金融英语中通常指的是什么？A. Foreign CurrencyB. Foreign ExchangeC. Foreign TradeD. International Market答案：B6. 金融英语中，“通货膨胀”的英文表达是什么？A. InflationB. DeflationC. HyperinflationD. Stagflation答案：A7. “信用评级”在金融英语中如何表达？A. Credit RatingB. Credit ScoreC. Credit ReportD. Credit History答案：A8. 以下哪个选项是“期货”的正确英文表达？A. FutureB. ForwardC. OptionD. Swap答案：B9. “资产负债表”在金融英语中如何表达？A. Balance SheetB. Income StatementC. Cash Flow StatementD. Statement of Changes in Equity答案：A10. 金融英语中，“市场分析”的英文表达是什么？A. Market AnalysisB. Financial AnalysisC. Economic AnalysisD. Risk Analysis答案：A二、填空题（每题2分，共20分）1. 在金融英语中，"_____" 指的是一种金融衍生品，允许持有者在特定时间内以特定价格购买或出售资产。