金融英语课后答案汇总

金融英语课后答案汇总金融英语课后答案汇总金融英语课后答案汇总资料仅供参考文件编号：2022年4月金融英语课后答案汇总版本号：A修改号：1页次：1.0审核：批准:发布日期：PartOne1.Whatarethemainrolesofbanks?

答：Althoughbankssharemanycommonfeatureswithotherprofit-seekingbusiness,theyplayauniqueroleintheeconomythroughmobilizingsavings,allocatingcapitalfundstofianceproductiveinvestment,transmittingmonetarypolicy,providingapaymentsystemandtransformingrisks.3.AccordingtotherevisededitionoftheLawofthePeople'sRepublicofChinaonthePeople'sBankofChina,whatfunctionsdoesthePBCperform?

答：ThePBC'skeyfunctionsaretoconductmonetarypolicy,preventanddissolvefinancialrisks,andmaintainfinancialstabilityundertheleadershipoftheStateCouncil.4.Canyougivesomeexamplesofindirectinstrumentsforimplementingmonetarypolicy?

答：Indirectinstrumentsasrequiredreserveratio,interestrateadjustmentandopenmarketoperations.9.Whatisyourdefinitionofshareandbond?

答：Sharesarecertificatesorbookentriesrepresentingownershipinacorporationorsimilarentity.Bondsarewrittenevidencesofdebts.13.Whatisyourdefinitionof“securities”

答：Securitiesarepapercertificates(definitivesecurities)orelectronicrecords(book-entrysecurities)evidencingownershipofequity(stock)ordebtobligations(bonds).PartTwo2.Whataretheobjectivesofbankingsupervision?First,thekeyobjectiveofsupervisionistomaintainstabilityandpublicconfidenceinfinancialsystem.Thesecondgoalofbanksupervisionstoensurethatbankoperateinasafeandsoundmannerandthattheyholdcapitalandreservesufficienttocovertherisksthatmayariseintheirbusiness.Third,arelatedgoalistoprotectdepositors’fundsand,ifanybankshouldfail,tominimizethelossestobeabsorbedbythedepositinsurancefund.Thefourthgoalofbanksupervisionistofosteranefficientandcompetitionbankingsystemthatisresponsivetothepublicneedforhighqualityfinancialservicesatreasonablecost.Thefifthandfinalgoalofbanksupervisionistoensurecompliancewithbankinglawsandregulations.3.Whatrisksmightthecommercialbankshavetoface?(1)creditrisk(2)marketrisk(3)liquidityrisk(4)operationalrisk(5)legalrisk(6)reputationrisk4.Whataretheimplicationofcreditrisk,marketrisk,liquidityriskandoperationalrisk?

Creditrisk:Amajortypeofriskthatbanksfaceiscreditriskorthefailureofacounterparttoperformaccordingtoacontractualarrangement.Marketrisk:Twospecificelementsofmarketriskareforeignexchangeriskandinterestrisk.Banksfaceariskoflossesinon-andoff-balancesheetpositionsarisingfrommovementinexchangerates.Interestrateriskpreferstotheexposureofabank’sfinancialconditiontoadversemovementsininterestrates.Liquidityrisk:Liquidityriskarisesfromtheinabilityofabanktoaccommodatedecreasesinliabilitiesortofundincreasesinassets.Operationalrisk:Themostimportanttypesofoperationalriskinvolvebreakdownsininternalcontrolsandcorporategovernance..5.AtwhatlevelsdoestheBaselAccordsettheminimumcapitalratiorequirementsforinternationallyactivebanks?

TheAccordsetsminimumcapitalratiorequirementsforinternationallyactivebanksof4%tieronecapitaand8%totalcapital(tieroneplustiertwo)inrelationtorisk-weightedassets.PartThree1.Whatdoesforeignexchangeinclude

答：Foreignexchangeincludesthefollowingmeansofpaymentsandassetsdenominatedinaforeigncurrencythatcanbeusedforinternationalsettlement:●Foreigncurrencies,includingbanknotesandcoins;●Paymentvouchersdenominatedinforeigncurrency,includingnegotiableinstruments,bankcertificatesofdepositandcertificatesofpostalsavings;●Securitiesdenominatedinforeigncurrency,includinggovernmentbonds,corporatebondsandstocks;●Super-nationalcurrenciessuchasSpecialDrawingRightsandtheEuro;and●Otherassetsdenominatedinforeigncurrency.3.Whataretherequirementsfordomesticinstitutionsforopeningforeignexchangeaccountsabroad?

答：Domesticentitieswhichmeetoneofthefollowingrequirementsmayapplyforopeningaforeignexchangeaccountabroad:●Expectingsmallamountincomeduringacertainperiodoftimeabroad;●Expectingsmallamountexpenditureduringacertainperiodoftimeabroad;●Undertakingoverseasconstructionprojects;andissuingsecuritiesdenominatedinforeigncurrencyabroad.6.Givethedefinitionofforeignexchange?答：Foreignexchange,orforex,isforeignmoney.Allforeigncurrency,consistingoffoundsheldwithbanksabroad,orbillsorcheques,againinforeigncurrencyandpayableabroad,aretermedforeignexchange.9.Givethedefinitionofspotandforwardtransaction?答：Spottransactionsinvolvetoday’spricesofcurrencyanddeliveryofthecurrencywithintwobusinessdays,exceptforCanadiandollar(CAD),whichmustbedeliveredinoneday.10.Tellthedifferencebetweenforwardandfuturestransactions?答：(1)Forwardtransactionsinvolvetoday’spricesofcurrencyanddeliveryonastipulatedfuturedate.(2)Futurestransactionsarealwaystradedonexchanges.Inordertobemarketableonexchanges,futurescontractsarestandardizedintermsofquantity,settlementdatesandquotation.PartFour14.Howcouldabankearninterestincome?

答：Theprincipalsourceofincomeforthemajorityofbanksisstilltheinterestreceivedonthefundsthattheinstitutionhasatitsdisposalandisabletolendoutinsomeform.Wheneverabanklendsoutmoneyitwillgenerallychargeinteresttothecustomer.21.Whyshouldabankkeepsufficientliquidassets?

答：Itisimportantforabanktoholdsufficientliquidassetstomeetthedemandsofdepositorswhomayseektowithdrawtheirfunds.However,maintenanceoftoohighalevelofliquidassetscouldbeexpensive.Cashbalancesinparticularyieldnoincome,yetwillcostthesameasanyotherassettofund.25.Whatarethethreemajoractivitiesincludedinabank'sStatementofCashFlows?

答：Thestatementofcashflowsreportscashflowsrelatingtooperating,investingandfinancingactivitiesofabank.Partfive4.Whatarenegotiableinstrumentslistsomeexamples.答：Fromafunctionalperspective,negotiableinstrumentsaredocumentsusedincommercetosecurethepaymentofmoney.Payinglargesumsofmoneyincashisbothinconvenientand,unfortunately,risky.Inallcases,negotiableinstrumentsrepresentarighttopayment.Arightis,bydefinition,apromiseandnotatangiblepieceofproperty.So,negotiableinstrumentsareclassifiedaschosesinaction.Thethreemaintypesofthemarethefollowing:BillsofExchange,Cheques,PromissoryNotes.7.What’sthedifferencebetweencapitalleaseandoperatinglease?答：1:Whethertheownershipofpropertyistobetransferredbytheendofleaseterm.2:Whethertheleasehasanoperationtopurchasetheleasedpropertyatabargainprice.3:Theleasetermislongtoorshortinaccordingtotheestimatedeconomiclifeoftheleasedproperty.4:Whethertheleaseisacancelablelease.5:Whethertheleaseisfull-payoutlease.9.What’sthemeaningofAccountReceivableFinancing?答：AccountsReceivablerepresentsapromisefromcustomerstopayforagoodssoldorservicesrendered.AccountReceivableFinancingisaformofcollateralizedlendinginwhichaccountsreceivablesarethecollateral.12.Whatarebasiccharacteristicsofmoneymarksecurities?答：Money-marksecurities,whicharediscussedindetailslaterinthischapter,havethreebasiccharacteristicsincommon:Theyareusuallysoldinlargedenominations.Theyhavelowdefaultrisk.Theymatureinoneyearorlessfromtheiroriginalissuedate.Mostmoneymarkerinstrumentsmatureinlessthan120days.Whyteasurybillsareattractivetoinvestors? 答：Teasurybillsareattractivetoinvestorsbecausetheyarebackedbythegovernmentandthereforearevirtuallyfreeofdefaultrisk.Evenifthegovernmentranoutofmoney,itcouldsimplyprintmoretopaythemoffwhentheymature.Theriskofunexpectedchangesininflationisalsolowbecauseoftheirshort-termmaturity.15.Whatarethefeaturesofinter-bankmarkets?答：Inter-bankmarketsaremoneymarketsinwhichshort-termfundstransferred(lentorborrowed)betweenfinancialinstitutions,usuallyforoneday,thatis,theyareusuallyovernightinvestment.Theinterestrateforborrowingthesefundsiscloseto,butalwaysslightlyhigherthan,theratethatisavailablefromthecentralbank.17．HowhaveNCDsbecomethesecondmostpopularmoneymarketinstruments?答：NegotiableCDsareinlargedenominations.AlthoughNCDsdenominationsaretoolargeforindividualinvestors,theyaresometimespurchasedbymoneymarketfundsthathavepooledindividualinvestor’sfunds.Thus,theexistenceofmoneymarketfundsallowsindividualstobeindirectinvestorsinNCDs,markingamoreactiveNCDmarket.19.Whatproductsdoestheon-linebankingprovide?答：basicproductsandservices,intermediateproductsandservices,advance