金融英語練習(xí)答案(1)

1、金融英語練習(xí)答案(1) 金融英語練習(xí)題答案 以下答案僅供參考，不應(yīng)作為唯一的標(biāo)準(zhǔn)答案。 unit 1 finance and your career 1. answer the following questions based on the text (1) according to besley and brigham, the three main areas of finance are financial markets, investments, and managerial finance (or business finance). (2) career opportuniti

2、es in financial markets include working for financial institutions, such as banks, insurance companies, savings and loan associations, credit unions, mutual funds, investment banks, etc. career opportunities in investments involve working for stock brokerage firms, financial institutions, investment

3、 companies, or insurance companies. managerial finance offers the greatest number of jobs and mainly deals with decisions that firms make concerning their cash flows. (3) graduates in finance in china can find jobs in both financial and non-financial areas. majority of them can and are willing to fi

4、nd jobs in various financial institutions including banks, insurance companies, securities firms, etc. they can also work in accounting or auditing firms or in the department of finance in various enterprises. job opportunities in international trade, administrative management, human resource manage

5、ment, and even marketing are also available. some even start their own small businesses. (4) because finance plays an important role in management. for example, strategic planning cannot achieve its goals without considering how such plans will affect the overall financial well-being of the firm. (5

6、) it is for the students to answer. 2. translate the following passages into english (1) the analysis on the employment of financial graduates in xxxx年且在會計和管理方面有最低資格學(xué)時的要求。這項五學(xué)年的要求就是著名的“150學(xué)時規(guī)則”，已經(jīng)被大多數(shù)州的會計委員會所采用，盡管有一些例外。這項強制150學(xué)時的要求已經(jīng)被45個州采納。 unit 2 money 1. answer the following questions based on th

7、e text (1) the four basic functions of money are medium of exchange, unit of account, store of value, and standard of deferred payment. (2) m1 is the narrowest measure of money, including currency, checking account deposit, and travelers checks. these can be used directly as a medium of exchange. m2

8、 = m1 + other assets, such as money market deposit accounts, money market mutual fund shares, small-denomination time deposits, savings deposits, overnight repurchase agreements, and overnight eurodollars. these assets are extremely liquid because they can be turned into cash quickly at very little

9、cost. m3 = m2 + somewhat less liquid assets, such as large-denomination time deposits, term repurchase agreements ,term eurodollars, and institutional money market mutual fund shares. (3) gold standard is a monetary system in which currencies are pegged to gold and convertibility is guaranteed. unde

10、r gold coin standard, mints freely accept gold from the public and manufacture coins, and gold coin is legal tender. under gold bullion standard, gold coins do not circulate, but the authorities have agreed to sell gold bullion on demand at a fixed price in exchange for the circulating currency. (4)

11、 in 1944, forty-four countries attended an international conference in bretton woods to restructure international finance and currency relationship. the conference created a new international fixed exchange rate regime the bretton woods system. with the new regime, the united states defined the valu

12、e of its dollar in terms of gold, and one ounce of gold was equal to us $35. all other members had to revalue their currencies in terms of u.s. dollars or gold. essentially this was an adjustable peg system with parity set within a band of plus or minus 1 percent of par. (5) the smithsonian agreemen

13、t placed the g-10 countries on an inconvertible paper standard, the “dollar standard”. nine currencies were revalued relative to the u.s. dollar, making them convertible into the dollar, with the dollar not convertible into gold. as an exception, the canadian dollar was not pegged to u.s. dollar but

14、 allowed to float. 2. translate the following passages into english (1) the gold standard began to prevail in the mid-19th century. there were three variations of gold standard in history: gold coin standard, gold bullion standard, and gold exchange standard. among them, gold coin standard was the m

15、ost typical one. (2) under the bretton woods system, u.s. dollar could be converted into gold and other countries carried out an adjustable peg system. they were the two backbones of the system. the international monetary fund (imf) is the central organization to maintain the normal running of the s

16、ystem. the three functions of imf are supervising exchange rates, providing international credits, and coordinating international currencies. (3) under the floating exchange rate system, the countries do not stipulate the bands of exchange rate fluctuations and the central banks are no longer oblige

17、d to maintain the rate caps and floors. the exchange rates freely float and self adjust based on the supply and demand in the foreign exchange markets. 3. translate the following passages into chinese (1) 特別提款權(quán)（sdr）是國際貨幣基金組織于1969年設(shè)立的，其目的在于支撐“布雷頓森林體系”下的固定匯率制度。加入該體制的成員國需要官方儲備政府或中央銀行持有的黃金或者普遍可接受的外幣在國際外

18、匯市場上購買本國貨幣來維持其匯率。但是兩大儲備資產(chǎn)美元和黃金的國際供給證明不足以維持世界貿(mào)易擴(kuò)張和正在進(jìn)行的金融發(fā)展。因此，在國際貨幣基金組織的支持下，國際社會決定設(shè)立一種新的國際儲備資產(chǎn)。 (2) 貝寶（paypal）是通過互聯(lián)進(jìn)行支付與資金轉(zhuǎn)移的電子商務(wù)平臺。貝寶賬戶的資金可以從銀行賬戶電子借記，也可以由信用卡提供。一筆貝寶交易的收款人要么要求貝寶支票，確定他們自己的貝寶存款賬戶，要么要求直接支付到他們的銀行賬戶。 unit 3 financial market 1. answer the following questions based on the text (1) generall

19、y speaking, the participants in the financial market can be divided into borrowers and savers. savers have excess funds while borrowers have a shortage of funds. from the perspective of investment intention, the participants can be divided into investors and speculators. from the perspective of inve

20、stment size, the participants can be divided into institutional investors and individual investors. institutional investors are banks, insurance companies, retirement funds, hedge funds, or mutual funds. (2) the primary function of financial market is to channel funds from individuals and businesses

21、 that have surplus funds to individuals, businesses, and governments that have a shortage of funds. other functions include price determination, information aggregation and coordination, risk sharing, liquidity, and efficiency. (3) a debt instrument is a contractual agreement thereby the borrower re

22、pays the lender the principal and interest at regular intervals until the maturity date, regardless of the success or failure of any investment projects for which the borrowed funds are used. it can be considered temporary funding. equity is not a specific contract guaranteeing that cash distributio

23、ns will be made or that the investment will be repaid. equity is more permanent because it has no specific maturity. equity usually makes dividends to their holders. (4) common stock provides the holder voting rights and entitles the holder to a share of the companys success through dividend and/or

24、capital appreciation. the return that a common stock holder receives depends on the success of the issuing companys performance. a preferred stock holder does not enjoy voting right, but receives a fixed dividend expressed as a percentage of the par value, although the company does not have to pay this dividend if it lacks the financial ability to do so. (5) the primary market is where new securities are sold to the public. the investment banker helps the initial sale of securities by underwriting securities and guar