金融英语选修考试试题及答案

金融英语选修考试试题及答案考试时长：120分钟满分：100分班级：__________姓名：__________学号：__________得分：__________一、单选题（总共10题，每题2分，总分20分）1.Theterm"fixedincomesecurity"typicallyreferstowhichtypeoffinancialinstrument?A.EquitysharesB.MutualfundsC.BondsissuedbycorporationsD.Derivativescontracts2.Inaforeignexchangemarket,thequotation"EUR/USD1.10"indicates:A.1Eurocanbeexchangedfor1.10USDollarsB.1USDollarcanbeexchangedfor1.10EurosC.TheexchangerateisneutralD.Themarketisclosed3.WhichofthefollowingisaprimaryfunctionoftheFederalReserveSystemintheUnitedStates?A.ToregulatethestockmarketB.TooverseecommercialbanksandensurefinancialstabilityC.TosetthenationalincometaxrateD.Tomanagethenationaldebt4.The"spotmarket"infinancerefersto:A.Tradingofsecuritieswithdeliveryafter30daysB.ImmediateexchangeoffinancialinstrumentsatthecurrentmarketpriceC.Long-terminvestmentcontractsD.Governmentbondauctions5.A"calloption"givestheholdertheright,butnottheobligation,to:A.SellanassetatapredeterminedpriceB.BuyanassetatapredeterminedpriceC.BorrowmoneyatafixedinterestrateD.Investinamutualfund6.Theterm"liquidity"infinancerefersto:A.TheeasewithwhichanassetcanbeconvertedintocashB.TheprofitabilityofaninvestmentC.TherisklevelofasecurityD.Themarketcapitalizationofacompany7.Whichfinancialratioisusedtoassessacompany'sabilitytomeetshort-termobligations?A.Debt-to-equityratioB.CurrentratioC.ReturnonequityD.Price-to-earningsratio8.The"LIBOR"rateisprimarilyassociatedwith:A.StockmarketindicesB.CurrencyexchangeratesC.InterbanklendingratesD.Consumerloaninterestrates9.A"bond"isafinancialinstrumentthatrepresents:A.OwnershipinacompanyB.AloanmadebyaninvestortoaborrowerC.AderivativebasedonmarketindicesD.Aguaranteeprovidedbyafinancialinstitution10.The"EfficientMarketHypothesis(EMH)"suggeststhat:A.MarketpricesreflectallavailableinformationB.InvestorscanconsistentlyachievehigherreturnsthanthemarketaverageC.Short-termmarkettrendsarepredictableD.Governmentregulationsshouldheavilyinfluencemarketprices二、填空题（总共10题，每题2分，总分20分）1.Theprocessofbuyingandsellingfinancialinstrumentstoinfluencetheirpriceisknownas_________.2.Afinancialcontractthatobligatesaborrowertomakeperiodicpaymentsiscalleda_________.3.Thepercentageofacompany'sassetsfinancedbydebtismeasuredbythe_________ratio.4.Theexchangerateatwhichacurrencyistradedinthefutureisreferredtoasthe_________.5.Theprimarygoalofcentralbanksistomaintain_________intheeconomy.6.Afinancialinstrumentthatderivesitsvaluefromanunderlyingassetistermeda_________.7.Thepracticeofborrowingonecurrencytoinvestinanotherisknownas_________.8.Therateatwhichbankslendtoeachotherovernightiscalledthe_________.9.Thedifferencebetweenthebuyingandsellingpriceofafinancialinstrumentisknownasthe_________.10.Thetheorythatsuggestsmarketpricesadjustrapidlytonewinformationiscalledthe_________.三、判断题（总共10题，每题2分，总分20分）1.A"bullmarket"ischaracterizedbyrisingstockprices.(True/False)2.The"yieldtomaturity"ofabondisthetotalreturnanticipatedifthebondishelduntilitmatures.(True/False)3.A"mutualfund"poolsmoneyfrommultipleinvestorstoinvestinadiversifiedportfolio.(True/False)4.The"spotexchangerate"isthesameastheforwardexchangerate.(True/False)5.A"putoption"givestheholdertherighttosellanassetatapredeterminedprice.(True/False)6.The"currentratio"measuresacompany'sliquiditybycomparingitsshort-termassetstoitslong-termliabilities.(True/False)7.The"PrimeRate"istheinterestrateatwhichcommercialbankslendtoeachother.(True/False)8.The"EfficientMarketHypothesis(EMH)"impliesthattechnicalanalysisisineffectiveinpredictingmarketmovements.(True/False)9.A"bond"isaformofequityinvestment.(True/False)10.The"FederalReserve"istheprimaryregulatorybodyfortheU.S.stockmarket.(True/False)四、简答题（总共4题，每题4分，总分16分）1.Explainthedifferencebetweena"spotmarket"anda"forwardmarket"infinance.2.Describetheroleofa"centralbank"inacountry'seconomy.3.Whatisthesignificanceofthe"currentratio"infinancialanalysis?4.Brieflyexplaintheconceptof"hedging"infinancialmarkets.五、应用题（总共4题，每题6分，总分24分）1.Acompanyissuesa5-yearbondwithafacevalueof$1,000andacouponrateof5%.Ifthemarketinterestrateis6%,calculatethepresentvalueofthebond.2.IfthecurrentexchangerateforEUR/USDis1.20,andyouwanttoexchange2,000Euros,howmanyUSDollarswillyoureceive?3.Acompanyhascurrentassetsof$500,000andcurrentliabilitiesof$300,000.Calculateitscurrentratioandinterpretitsmeaning.4.Youpurchaseacalloptiononastockwithastrikepriceof$50.Ifthestockpricerisesto$60beforetheoptionexpires,calculateyourprofitifyouexercisetheoptionandsellthestockimmediately.【标准答案及解析】一、单选题1.C解析：Fixedincomesecuritiesaredebtinstrumentslikebondsissuedbycorporations.2.A解析：EUR/USD1.10means1Eurocanbeexchangedfor1.10USDollars.3.B解析：TheFederalReserveoverseescommercialbanksandensuresfinancialstability.4.B解析：Thespotmarketinvolvesimmediateexchangeoffinancialinstrumentsatthecurrentmarketprice.5.B解析：Acalloptiongivestheholdertherighttobuyanassetatapredeterminedprice.6.A解析：Liquidityreferstotheeasewithwhichanassetcanbeconvertedintocash.7.B解析：Thecurrentratioassessesacompany'sabilitytomeetshort-termobligations.8.C解析：LIBORisprimarilyassociatedwithinterbanklendingrates.9.B解析：Abondrepresentsaloanmadebyaninvestortoaborrower.10.A解析：EMHsuggestsmarketpricesreflectallavailableinformation.二、填空题1.speculation2.loan3.debt-to-equity4.forwardexchangerate5.inflation6.derivative7.carrytrade8.interbankrate9.spread10.EfficientMarketHypothesis三、判断题1.True2.True3.True4.False5.True6.False7.False8.True9.False10.False四、简答题1.Thespotmarketinvolvesimmediateexchangeoffinancialinstrumentsatthecurrentmarketprice,whiletheforwardmarketinvolvesagreementstobuyorsellassetsatafuturedateatapredeterminedprice.2.Acentralbankregulatesacountry'smonetarypolicy,controlsinflation,stabilizescurrencyexchangerates,andoverseesthebankingsystem.3.Thecurrentratiomeasuresacompany'sabilitytopayshort-termobligationsbycomparingitscurrentassetstocurrentliabilities.Ahigherratioindicatesbetterliquidity.4.Hedgingisthepracticeofreducingfinancialriskbytakinganoffsettingpositioninarelatedassetorderivative.五、应用题1.Presentvalueofthebond=(CouponpaymentPVIFA)+(FacevaluePVIF)=($50PVIFA(6%,5)