金融英语问答.docxVIP

Questions：-what does PBC stand for? On December 1，1948，the Peoples Bank of China was founded in Shijiazhuang Heibei Province. -The PBC was established based on the consolidation of three banks. What were these three banks? Huabei Bank，Beihai Bank and Xibei Farmer Bank. - How many branches does the PBC have? Can you list some?In total nine branches.Such as Tianjin Branche Bank Shanghai Branche Bank Chengdu Branche Bank and so on.-What are the big four state-owned commercial banks in China?Agricultural Bank of China China Construction Bank Industrial and Commercial Bank of China Bank Of China-What are the three policy banks in China?The Export-Import Bank of China Agricultural Development Bank of China China Development Bank- Can you list some joint-stock commercial banks in China?Bank of Communications China Merchants Bank China Citic Bank China Minsheng Banking and so on .- What is Chinas current exchange rate regime?On July 21，2005，the PBC adopted the managed floating exchange rate regime based on market supply and with reference to a basket of currencies.-When was the IMF established?This international organization was formally created in July 1944.-What is the fundamental mission of the IMF? The fundamental mission of the IMF is to help ensure stability in the international system.- What objectives does the IMF pursue? The IMF pursues the objiectives of 1) promoting international monetary cooperation and exchange rate stability; 2)facilitating the balanced growth of international trade ; and 3)provding resources to help members in balance of payment difficulties or to assist with poverty reduction.- How do member countries of the IMF pay their quota subscriptions? Countries pay 25 percent of their quota subscriptions in SDRs or major currencies,such as U.S. dollars,euros,pounds sterling,or Japanese yen.They pay the remaining 75 percent in their own currencies. - What are the SDRs?An international type of monetary reserve currency，Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts，SDRs are designed to augment international liquidity by supplement the standard reserve currencies.-What are the five agencies of the World Bank Group? International Bank for Reconstruction and Development International Development Association International Finance Corporation Multilateral Investment Guarantee Agency International Center for Settlement of Investment Disputes- Why are some groups opposed to the World Bank?Due to the fundamental structure of the Bank, the already existing imbalance between the worlds rich and poor exacerbated.- What is money?Money is anything that is generally accepeted payment of goods and services.- What are the functions of money?Medium of exchanged Unit of account Store of value - What are the characteristics of money? Portability Durability divisibility-What is commodity money? Money made up of precious metals or another valuable commodity is called commodity money.-What is check? A written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee. - 21What are the main functions of central banks?1. microeconomic when regulating inflation and price stability2. microeconomic when functioning as a lender of last resort.- 22What does “the lender of last resort” mean?It means that it is responsible for providing its economy with funds when commercial banks cannot cover a supply shortage.- 23Why is the central bank called the “governments bank”?Because it handles the buying and selling of government bonds and other instruments , political decisions should not influence central bank operations. - 24What is the gold standard?A monetary system in which a countrys government allows itscurrency unitto befreely converted into fixed amounts of gold.-25What is discount rate?The rate at which commercial banks and other lending facilities can borrow short-term funds from the central bank is called the discount rate-26What is barter?It is a simple form of trade where goods or services are exchanged for a certain amount of other goods or services.-27What does fractional reserve banking refer toA system in which cash reserves are smaller than the related liabilities is referred to as fractional reserve banking- 28What is the objective of bank management?It is to maximize profits subject to the constraint of remaining solvent and not going out of business. -29What are the chief risks that banks incur?The chief risks banks incur are default (credit) risk, interest rate risk, foreign currency (foreign country exposure) risk, liquidity risk, fraud risk, and operation risk (poor management) risk. - 30What is financial market?It can be defined as a mechanism for bringing together buyers and sellers of financial assets in order to facilitate trading-31Can you list some types of financial markets?Capital Market Money Market Derivatives market Foreign Exchange market Insurance Market -32 What is the difference between primary market and secondary market?Primary market is the market in which securities are sold at the time of their initial issuance, while secondary markets involve the trading of financial assets that were issued at some previous point in time.- 33What is the difference between call market and continuous market?In call markets, trading is allowed only at certain specified timesIn continuous markets, trades may occur at any time-34What are the steps that form the basis of the investment process?1set investment policy2perform security analysis3construct a portfolio4revise the portfolio5evaluate the performance of the portfolio-35What are the two types of security analysis?The first classification is known as technical analysis.The second classification is known as fundamental analysis.二、模拟题Directions: You are Li Ming, the president of a company. Write a memorandum (memo) to Tom, the vice-president on the employees training on computer, telling him the need to train the employees, detailed information, and ask him to write a plan.【高分范文】Date：January 14, 2010To：Tom, Vice PresidentFrom：Li Ming, PresidentSubject：Computer Training of the StaffIn order to deal with problem of the high rate of computer illitera