金融英语测试题自测-打印版

第一章：
1、equity（股本）

2、financial system

3、portfolio（投资组合）

4、bond

5、stock

1. another way for Intel to raise funds to build a new semi- conductor factory is to sell stock in the
company. Stock represents ownership in a firm and is, therefore a claim to the profits that the
firm makes. For example, if Intel sells a total of 1000000 shares of stocks, then share represents
ownership of 11000000 of the business





2. A mutual fund is an institution that sells shares to the public and uses the proceeds to buy a
selection, or portfolio, of various types of stocks, bonds, or both stocks and bonds. The
shareholder of the mutual fund accepts all the risks and returns associated with the portfolio.
If the value of the portfolio rises, the shareholder benefits, if the value of the portfolio falls,
the shareholder suffers the loss.







第二章：
1、commodity money

2、fiate money

3、bank note

4、Treasury Bill

5、money supply

Most countries today have an “independent” central bank, that is, one which operates under rules
designed to prevent political interference. Examples include the European Central Bank, the US
Federal Reserve, the Reserve Bank of Australia, the Reserve Bank of India, the Bank of England, the
Bank of Canada, etc. Some central banks are publicly owned, and others are, in theory, privately
owned. In practice, there is little difference between public and private ownership, since in the
latter case almost all profit of the bank are paid to the government either as a tax or a transfer to
the government.

Central banks implement a country’s chosen monetary policy. At the most basic level, this involves
establishing what form of currency the country may have, whether a fiat currency, gold-backed
currency ( disallowed for countries with membership of the IMF ), currency board or a currency
union. When a country has its own national currency, this involves the issue of some form of
standardized currency, which is essentially a form of promissory note: a promise to exchange the
note for “money” under certain circumstances.






第三章：
Interest rate

Inflation

monetary policy

Federal Reserve Act

Discount loan

Serious disagreements existed over whether the central bank should be a private bank or a
government institution. Because of the heated debates on these issues, a compromise was struck.
In American tradition, Congress wrote an elaborate system of checks and balances into the Federal
Reserve Act of 1913, which created the Federal Reserve System with its 12 regional Federal Reserve
Banks.




All national banks (commercial banks chartered by the Office of the Comptroller of the Currency)
are required to be members of the Federal Reserve System. Commercial banks chartered by the
states are not required to be members, but they can choose to join. Currently, around one third of
the commercial banks in the United Stated are members of the Federal Reserve System, having
declined from a peak figure of 49% in 1947.






第四章：
Exchange rate

Consolidation

payment and settlement system

China Banking Regulatory Commission

deposit insurance

在国务院的 领导下，中国人民银行依法独立实施货币政策、履行人行职能、开展人行业务，
其决策不受地方政府、各 级政府部门、公共组织或者任何个人的影响





Faced with the complicated and severe economic situation both at home and abroad, in line with
the changing situation, the PBC, under the leadership of the CPC Central Committee and the State
Council, resolutely studied and implemented the scientific development approach, earnestly
fulfilled its responsibilities as the central bank, responded promptly to the intense impact of the
international financial crisis, pressed ahead with developing the coordination mechanism for
financial regulation, strengthened the monitoring and assessment of financial risks, speeded up
the designing of the deposit insurance system, enhanced the central bank asset management,
promoted healthy development of wealth management products, and effectively maintained
financial stability and safety.




第五章：
PE ratio

Stock exchange

PB ratio

List

H-shares

Through public listing, the aforementioned four banks have established market-oriented capital
supply mechanism, standardized information disclosure, and strengthened restrictions on the
performance of senior management. So, the capital market played an increasingly prominent role
in establishing efficient operation mechanism of modern financial enterprises. In addition, the
consecutive listing of BOC and ICBC on the A share market also enhanced the overall investment
value on the market.






In 2006, relevant authorities conducted further feasibility studies on the shareholding reform
scheme of ABC, taking into the consideration of building new socialist countryside and making the
master plan for rural area financial reforms. Financial administration authorities have taken
measures to urge ABC to manage its credit risks.





第六章：
client

credit

risk management

trust fund

grant

IBRD raises most of its funds on the world’s financial markets and has become one of the most
established borrowers since issuing its first bond 1947. The income that IBRD has generated over
the years has allowed it to fund development activities and to ensure its financial strength, which
enables it to borrow at low cost and offer clients good borrowing terms.






IDA’s long-term, no-interest loans pay for programs that build the policies, institutions,
infrastructure and human capital needed for equitable and environmentally sustainable
development. IDA’s goal is to reduce inequalities both across and within countries by allowing more
people to participate in the mainstream economy, reducing poverty and promoting more equal
access to the opportunities created by economic growth.







第七章：
quota

outstanding loan

exchange rate

fiscal year

balance of payment

More generally, the IFM is responsible for ensuring the stability of the international monetary and
financial system—the system of international payments and exchange rates among national
currencies that enables trade to take place between counties. The Fund seeks to promote
economic stability and prevent crises, to help resolve crises when they do occur, and to promote
growth and alleviate poverty. It employs three main functions—surveillance, technical assistance,
and lending—to meet these objectives.





Surveillance is the regular dialog and policy advice that the IMF offices to each of its members.
On a regular basis—usually once each year, the Fund conducts in-depth appraisals of each member

country’s economic situation. It discusses with the country’s authorities the policies that are most
conducive to stable exchange rates and a growing and prosperous economy. Members have the
option to publish the Fund’s assessment, and the overwhelming majority of countries opt for
transparency, making extensive information on bilateral surveillance acailable to the public.





第八章
time deposit

demand deposit

checkable deposit

repurchase agreement

Eurodollar

To define money merely as currency is much too narrow, because checks are also accepted as
payment for purchases, and checking account deposits are considered money as well. An even
broader definition of money is often needed because other items, such as savings deposits, can in
effect function as money if they can be quickly and easily converted into currency or checking
account deposits.



回购协议，金融机构 或大公司从银行购买国库券，并同意在将来某个时间以约定的价格，
包括利息，再卖回给银行。






第九章：
exchange rate quotation

dirty float

fixed exchange rate

floating exchange rate

a basket of currencies

If the home currency becomes strong and become more valuable using direct quotation, the
exchange rate number decreases, which indicates that the home currency is appreciating.
Conversely, if the foreign currency becomes strong, the exchange rate number increases, which
indicates that the home currency is depreciating.


固定外汇率 经常用来稳定货币的价值。这有利于促进两个国家之间的贸易与投资，尤其有

利于对外贸 易在GDP中所占份额较大的小国经济的发展。






第十章：
optimal currency area

client

anchor

currency board

dollarization

最优货币区往往大于一个 国家的范畴。列如，创建欧元的部分依据就是欧洲各国家本身不
具备最优货币区的条件，而欧洲作为一个 整体却能够成为最优货币区。







最优货币区往往大于一个国家的范畴。列如，创建欧元的部分依据就是欧洲各国家本身不
具备最 优货币区的条件，而欧洲作为一个整体却能够成为最优货币区。








第十一章
draft

remittance

DP

DA

bill of lading





A draft is either a sight draft or a usance draft (also called tenor draft or term draft). The former
calls for immediate payment on presentation to the drawee while the latter is payable at a later

date, e.g. 30, 45, or 90 days after sight of date. A draft is either clean(without documents) or
documentary. In the latter case, the draft is accompanied by the relevant documents such as the
bill of lading, the invoice, the insurance policy, etc.











As far as the exporter’s interest is concerned, DP at sight is more favorable than DP after sight,
and DP is more favorable than DA. In actual trade, payment by collection should be accepted
with discretion. It is usually used when the financial standing of the importer is sound, or when the
exporter wishes to push the sale of his goods, or when the transaction involves only a small
quantity. Otherwise, the letter of credit is generally preferred.