金融专业英语阅读（答案）Chapter OneMonetary Policy(货币政策) …………………………………Chapter TwoForeign Exchange Risk andWhy It Should Be Managed(外汇风险和进行外汇管理的原因)………………………………………Chapter ThreeTools and Techniques forThe Management of Foreign Exchange Risk(控制外汇风险的工具和方法) …………………………………Chapter FourU.S. Foreign ExchangeIntervention(美国对外汇交易的干预) …………………………………Chapter FiveHistory of Accounting(会计的历史起源) …………………………………Chapter SixAccounting and Bookkeeping(会计和簿记) …………………………………Chapter SevenFinancial Markets and Intermediaries(金融市场和中间业务) …………………………………Chapter EightHistory of Insurance(保险的历史起源) …………………………………Chapter NineInsurance Policy(保险单) …………………………………Chapter TenBank for International Settlements(国际清算银行) …………………………………Chapter ElevenCommercial Bank Lending(商业银行借贷) …………………………………Chapter TwelveCredit Analysis(信贷分析) …………………………………Chapter ThirteenWhat Kind of Mortgage Loan Should You Get?(何种抵押贷款更适合你？) …………………………………Chapter FourteenMutual Fund(共同基金) …………………………………Chapter FifteenBonds(债券) …………………………………Chapter SixteenOptions(期权) …………………………………Chapter OneMonetary Policy货币政策Answers:Multiple choices1.D2.B3.C4.C5.ATrue or False1.F2.T3.F4.T5.F6.TRead the following text and choose the best sentences for A to E below to fill in each of the gaps in text1. E2. B3. D4. A5. CCloseEmployment, demand, fiscal policy tools, monetary policy, central bank, interest rates, "stable" prices, inflation, "federal funds" rate, open market operationsTranslation:Translate the following passage into Chinese1.紧缩性货币政策和扩张性货币政策都涉及到改变一个国家的货币供应量水平。
Homework Exercises – 9Chapter 17 – Homework Questions1.Rank the following bank assets from most liquid to least liquid:mercial Loansb.Securitiesc.Reservesd.Physical Capital2.If the president of a bank told you that the bank was so well run that it neverhad to call in loans, sell securities or borrow as a result of a deposit outflow, would you be willing to buy stock in that bank? Why or why not?3.If the bank you own has no excess reserves and a sound customer comes inasking for a loan, should you automatically turn the customer down,explaining that you don’t have any excess reserves to loan out? Why or why not? What options are available for you to provide the funds your customer needs?4.Why has the development of overnight loan markets made it more likely thatbanks will hold fewer reserves?5.If you are a banker and expect interest rates to rise in the future, would youwant to make short-term or long-term loans?6.“Bank managers should always seek the highest return possible on theirassets.” Is this st atement true, false or uncertain? Explain your answer.7.“Banking has become a more dynamic industry because of more activeliability management.” Is this statement true, false or uncertain?8.Why has noninterest income been growing as a source of bank operatingincome?9.Which components of operating expenses experience the greatestfluctuations? Why?10.Why do equity holders care more about ROE than ROA?11.What does the net interest margin measure and why is it important to bankmanagers?12.If a bank doubles the amount of its capital and ROA stays constant, what willhappen to ROE?13.If a bank finds its ROE is too low because it has too much bank capital, whatcan it do to raise its ROE?14.What are the benefits and costs for a bank when it decides to increase theamount of its bank capital?15.If a bank is falling short of meeting its capital requirements by $1m, whatthree things can it do to rectify the situation?Chapter 17 – Quantitative Questions1.The balance sheet of TriBank starts with an allowance for loan losses of$1.33m. During the year, TriBank charges off worthless loans of $0.84m,recovers $0.22m on loans previously charged off, and charges currentincome for a $1.48m provision for loan losses. Calculate the end-of-yearallowance for loan losses.2.X-Bank reported an ROE of 15% and an ROA of 1%. What is the EquityMultiplier?3.Wiggley S&L issues a standard 30-year fixed rate mortgage at 7.8% for$150,000. Thirty-six months later mortgage rates jump to 13%. If the S&L sells the mortgage at this point how much of a loss is incurred?4.Refer to the previous question. In 1981 Congress allowed S&Ls to sellmortgages at a loss and amortize the loss over the remaining life of themortgage. If this were used for the previous question, how would thetransaction have been recorded? What would be the annual adjustment?When would that end?5.For the upcoming week, Nobel National Bank plans to issue $25m inmortgages and purchase $100m in T-bills. New deposits of $35m areexpected and other sources will generate $15m in cash. What is Nobel’sestimate of funds needed?6. A bank estimates that demand deposits are, on average, $100m with astandard deviation of $5m. The bank wants to maintain a minimum of 8% of deposits in reserves at all times. What is the highest expected level ofdeposits during the month? What reserves to they need to maintain? Use a 99% confidence level.The remaining questions relate to the first month’s operation of NewBank.7.NewBank started its first day of operations with $6m in capital. $100m incheckable deposits is received. The bank issues a $25m commercial loan and another $25m in mortgages, with the following terms.∙Mortgages: 100 standard 30-year fixed-rate mortgages with a nominal annual rate of 5.25% each for $250,000.∙Commercial loan: 3-year loan, simple interest paid monthly at 0.75% per month.If required reserves are 8%, what does the bank’s balance sheet look like?Ignore any loan loss reserves.8.NewBank decides to invest $45m in 30-day T-bills. The T-bills are currentlytrading at$4986.70 (including commissions) for a $5,000 face valueinstrument. How many do they purchase? What does the balance sheet look like?9.On the third day of operations, deposits fall by $5m. What does the balancesheet look like? Are there any problems?10.To meet any shortfall in the previous question, NewBank will borrow thecash in the federal funds market. Management decides to borrow the needed funds for the remainder of the month (now 29 days). The required yield on a discount basis is 2.9%. What does the balance sheet look like after thistransaction?11.The end of the month finally arrives for NewBank, and it receives all of therequired payments from its mortgages, commercial loans and T-bills. How much cash is received? How are these transactions recorded?12.NewBank also pays off its federal funds borrowed. How much cash is owed?How is this recorded?13.What does the month-end balance sheet for NewBank look like? Calculatethis before any income tax consideration.14.Calculate NewBank’s ROAD and NIM for i ts first month. Assume that netinterest equals EBT, and that NewBank is in the 34% tax bracket.15.Calculate NewBank’s ROE and final balance sheet including its tax liabilities.16.If NewBank were required to establish a loan loss reserve at 0.25% of theloan value for commercial loans, how would this be recorded? Recalculate NewBank’s ROE and final balance sheet, including its tax liabilities.17.If NewBank’s target ROE is 4.5%, how much net fee income must it generateto meet this target?18.After making payments for three years, one of the mortgage borrowersdefaults on the mortgage. NewBank immediately takes possession of thehouse and sells it at auction for $175,000. Legal fees amount to $25,000. If no loan loss reserve was established for the mortgage loans, how is this event recorded.。
mortgage翻译mortgage翻译为抵押贷款。
抵押贷款是指借款人将其房产作为抵押物，向银行或其他金融机构借款的一种贷款方式。
以下是一些常见的用法和中英文对照例句：1. 买房的时候，我需要向银行申请一笔抵押贷款。
When buying a house, I need to apply for a mortgage from the bank.2. 这家银行提供了有竞争力的抵押贷款利率。
This bank offers competitive mortgage rates.3. 我们需要填写一份抵押贷款申请表。
We need to fill out a mortgage application form.4. 他们已经开始偿还抵押贷款了。
They have started to repay their mortgage.5. 这笔抵押贷款的期限是30年。
The term of this mortgage is 30 years.6. 如果无法按时偿还抵押贷款，银行有权收回房产。
If unable to repay the mortgage on time, the bank has the right to repossess the property.7. 他们在购房时支付了20%的首付款，剩下的80%需要通过抵押贷款来支付。
They paid a 20% down payment when buying the house, and the remaining 80% needs to be financed through a mortgage.8. 银行会评估抵押物的价值来确定抵押贷款的金额。
The bank will assess the value of the collateral to determine the amount of the mortgage.9. 借款人必须提供财务记录和信用报告以获得抵押贷款。
