金融考研复试专业英语.docVIP

专业英语汇总 1. How to define the aggregate price level? 如何衡量价格指数？ Three measures of the aggregate price level are commonly encountered in economic data. (1)The first is the GDP deflator (GDP平减指数), which is defined as nominal GDP divided by real GDP. (2)Another popular measure of the aggregate price level is the Producer Price Index (生产者价格指数) which is a measure of the cost of a basket of goods and services bought by firms. (3) The measure of the aggregate price level that is most frequently reported in the press is the Consumer Price Index (消费者价格指数), which is measured by pricing a basket of goods and services bought by a typical urban household. 2. What’s the disadvantage and advantage of holding equity rather than debt? 持有股权的优劣？ (1)The main disadvantage of owning a corporation’s equities rather than its debt is that an equity holder is a residual claimant (剩余求偿权), that is, the corporation must pay all its debt holders before it pays its equity holders . (2)The main advantage of holding equities is that equity holders benefit directly from any increases in the corporation’s profitability or asset value because equities confer ownership rights on the equity holders. Debt holders do not share in this benefit, because their payments are fixed. 3. What’s the difference between primary and secondary market? 一级市场与二级市场的区别？ (1)A primary market is a financial market in which new issues of a security, such as a bond or a stock, are sold to initial buyers by the corporation or government agency borrowing the funds. (2)A secondary market is a financial market in which securities that have been previously issued can be resold. 4. What’s the difference between foreign bond and Eurobond? 外国债券和欧洲债券的区别？ (1)Foreign bonds are sold in a foreign country and are denominated in that country’s currency. For example, a bond issued by a Chinese company denominated in U.S. dollars sold in New York. (2)Eurobond is a bond denominated in a currency other than that of the country in which it is sold