2022年2022年金融英语课后答案汇总 .pdf

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1、Part One1. What are the main roles of banks? 答：Although banks share many common features with other profit-seeking business,they play a unique role in the economy through mobilizing savings,allocating capital funds to fiance productive investment,transmitting monetary policy,providing a payment syst

2、em and transforming risks. 3. According to the revised edition of the Law of the Peoples Republic of China on the Peoples Bank of China ,what functions does the PBC perform? 答：The PBC s key functions are to conduct monetary policy, prevent and dissolve financial risks, and maintain financial stabili

3、ty under the leadership of the State Council. 4. Can you give some examples of indirect instruments for implementing monetary policy? 答： Indirect instruments as required reserve ratio, interest rate adjustment and open market operations. 9. What is your definition of share and bond? 答：Shares are cer

4、tificates or book entries representing ownership in a corporation or similar entity.Bonds are written evidences of debts. 13. What is your definition of “securities”? 答：Securities are paper certificates (definitive securities) or electronic records (book-entry securities) evidencing ownership of equ

5、ity (stock) or debt obligations (bonds). Part Two 2. What are the objectives of banking supervision? 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 1 页，共 6 页 - - - - - - - - - First, the key objective of supervision is to maintain stability and public confidence in f

6、inancial system. The second goal of bank supervisions to ensure that bank operate in a safe and sound manner and that they hold capital and reserve sufficient to cover the risks that may arise in their business. Third, a related goal is to protect depositors funds and , if any bank should fail, to m

7、inimize the losses to be absorbed by the deposit insurance fund. The fourth goal of bank supervision is to foster an efficient and competition banking system that is responsive to the public need for high quality financial services at reasonable cost. The fifth and final goal of bank supervision is

8、to ensure compliance with banking laws and regulations. 3. What risks might the commercial banks have to face? (1)credit risk (2)market risk (3)liquidity risk (4)operational risk (5)legal risk (6)reputation risk 4. What are the implication of credit risk, market risk, liquidity risk and operational

9、risk? Credit risk: A major type of risk that banks face is credit risk or the failure of a counterpart to perform according to a contractual arrangement. Market risk: Two specific elements of market risk are foreign exchange risk and interest risk. Banks face a risk of losses in on- and off-balance

10、sheet positions arising from movement in exchange rates. Interest rate risk prefers to the exposure of a bank s financial condition to adverse movements in interest rates. Liquidity risk: Liquidity risk arises from the inability of a bank to accommodate decreases in liabilities or to fund increases

11、in assets. Operational risk: The most important types of operational risk involve breakdowns in internal controls and corporate governance. 5.At what levels does the Basel Accord set the minimum capital ratio requirements for internationally active banks? The Accord sets minimum capital ratio requir

12、ements for internationally active banks of 4% tier one capita and 8% total capital (tier one plus tier two) in relation to risk-weighted assets. Part Three 1. What does foreign exchange include ? 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 2 页，共 6 页 - - - - - - -

13、- - 答 ： Foreign exchange includes the following means of payments and assets denominated in a foreign currency that can be used for international settlement: Foreign currencies, including banknotes and coins;Payment vouchers denominated in foreign currency, including negotiable instruments, bank cer

14、tificates of deposit and certificates of postal savings; Securities denominated in foreign currency, including government bonds, corporate bonds and stocks; Super -national currencies such as Special Drawing Rights and the Euro; and Other assets denominated in foreign currency.3. What are the requir

15、ements for domestic institutions for opening foreign exchange accounts abroad? 答：Domestic entities which meet one of the following requirements may apply for opening a foreign exchange account abroad: Expecting small amount income during a certain period of time abroad;Expecting small amount ex pend

16、iture during a certain period of time abroad; Undertaking overseas construction projects;and issuing securities denominated in foreign currency abroad. 6. Give the definition of foreign exchange? 答：Foreign exchange , or forex , is foreign money. All foreign currency, consisting of founds held with b

17、anks abroad, or bills or cheques, again in foreign currency and payable abroad , are termed foreign exchange. 9. Give the definition of spot and forward transaction? 答：Spot transactions involve todays prices of currency and delivery of the currency within two business days, except for Canadian dolla

18、r (CAD), which must be delivered in one day. 10. Tell the difference between forward and futures transactions? 答：(1) Forward transactions involve today s prices of currency and delivery on a stipulated future date. (2) Futures transactions are always traded on exchanges. In order to be marketable on

19、 exchanges, futures contracts are standardized in terms of quantity, settlement dates 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 3 页，共 6 页 - - - - - - - - - and quotation. Part Four 14. How could a bank earn interest income? 答：The principal source of income for t

20、he majority of banks is still the interest received on the funds that the institution has at its disposal and is able to lend out in some form.Whenever a bank lends out money it will generally charge interest to the customer. 21. Why should a bank keep sufficient liquid assets? 答：It is important for

21、 a bank to hold sufficient liquid assets to meet the demands of depositors who may seek to withdraw their funds. However,maintenance of too high a level of liquid assets could be expensive. Cash balances in particular yield no income,yet will cost the same as any other asset to fund. 25. What are th

22、e three major activities included in a banks Statement of Cash Flows? 答：The statement of cash flows reports cash flows relating to operating,investing and financing activities of a bank. Part five 4. What are negotiable instruments? list some examples. 答：From a functional perspective, negotiable ins

23、truments are documents used in commerce to secure the payment of money. Paying large sums of money in cash is both inconvenient and, unfortunately, risky. In all cases, negotiable instruments represent a right to payment. A right is, by definition, a promise and not a tangible piece of property. So,

24、 negotiable instruments are classified as choses in action. The three main types of them are the following: Bills of Exchange, Cheques, Promissory Notes. 7. What s the difference between capital lease and operating lease?答：1: Whether the ownership of property is to be transferred by the end of lease

25、 term. 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 4 页，共 6 页 - - - - - - - - - 2: Whether the lease has an operation to purchase the leased property at a bargain price. 3: The lease term is long to or short in according to the estimated economic life of the leased

26、 property. 4: Whether the lease is a cancelable lease. 5: Whether the lease is full-payout lease. 9. What s the meaning of Account Receivable Financing?答： Accounts Receivable represents a promise from customers to pay for a goods sold or services rendered. Account Receivable Financing is a form of c

27、ollateralized lending in which accounts receivables are the collateral. 12. What are basic characteristics of money mark securities? 答： Money-mark securities, which are discussed in details later in this chapter, have three basic characteristics in common: They are usually sold in large denomination

28、s. They have low default risk. They mature in one year or less from their original issue date. Most money marker instruments mature in less than 120 days. Why teasury bills are attractive to investors? 答 ：Teasury bills are attractive to investors because they are backed by the government and therefo

29、re are virtually free of default risk .Even if the government ran out of money, it could simply print more to pay them off when they mature.The risk of unexpected changes in inflation is also low because of their short-termmaturity. 15. What are the features of inter-bank markets? 答：Inter-bank marke

30、ts are money markets in which short-term funds transferred (lent or borrowed) between financial institutions, usually for one day, that is , they are usually overnight investment . The interest rate for borrowing these funds is close to ,but always slightly higher than ,the rate that is available fr

31、om the central bank. 17How have NCDs become the second most popular money market instruments? 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 5 页，共 6 页 - - - - - - - - - 答：Negotiable CDs are in large denominations .Although NCDs denominations are too large for individ

32、ual investors , they are sometimes purchased by money market funds that have pooled individual investors funds. Thus , the existence of money market funds allows individuals to be indirect investors in NCDs ,marking a more active NCD market. 19.What products does the on-line banking provide? 答： basi

33、c products and services, intermediate products and services ,advanced products and services. Part Six 1,What categories can the loan be divided according to their risk? 答：The five-category system classifies bank loans according to their inherent risks as pass(normal),special-mention,substandard,doub

34、tful and loss. What are the commonly used methods of credit analysis? 答：Tranditionally,key risk factors have been classified according to the five CS of credit:character,capital,capacity,conditions,and collateral. Golden and Walker identify the five CS of bad credit,representing things to guard agai

35、nst to help prevent problems.These include complacency,carelessness,communication breakdown,contingencies,and competition. A useful framework for sorting out the facts and opinions in credit analysis is the 5Ps approach:people,purpose,payment,protection,and perspective. How can a bank take security

36、for an advance? 答：A bank has different kinds of security as cover for advance to his customers.There are several ways in which a bank may take security for an advance by lien,pledge,mortgage and hypothecation. 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 6 页，共 6 页 - - - - - - - - -