金融英语 习题参考答案 杨琰.docx

金融英语习题参考答案

Unit1MoneyCreditandInterestRates

SectionAMoneyandmoneysupply

ExercisesI.

barter mediumofexchange storeofvalue unitofaccount currencydevaluationmetalmoney full-bodiedmoney goldstandard creditmoney legaltenderelectronicmoney moneycreation moneyleakage additionaldeposits

II.

Inordertobeamediumofexchange,moneymustholditsvalueovertime,thatis,itmustbeastoreofvalue.

Moneyalsofunctionsasaunitofaccountorstandardofvalue,providingacommonmeasureofthevalueofgoodsandservicesbeingexchanged.

Thecommoditymoneyistheoldestformofmoney,mainlyusedinabartereconomy.Almostallcountrieshaveexperiencedthestageofmetalmoneywhichusedtobeaperfectformofmoney.

III.

信用货币不包括或不代表特定的有价值商品。信用货币的价值取决于其在发行人信用基础上的普遍接受程度，并通过信贷流程创造。

电子货币通常有两种形式：一种是各种塑料卡，如信用卡；另一种是网上银行账户。

如果央行提高存款准备金率，货币乘数就会下降，这意味着存款创造和货币供应都会减少。

SectionBCredit

ExercisesI.

Commercialcreditisthecreditprovidedmutuallybetweenenterprisesandislinkeddirectlyto

goodsexchange.Usuallycommercialcreditisprovidedeitherintheformofdeferredpaymentorpaymentinadvancewhenbusinessesconductgoodstransactions.

Consumer’screditisthecreditthatbusinesses,banksandotherfinancialinstitutionsgranttoconsumersformeetingconsumers’demandforconsumergoods.Inconsumer’scredit,thedebtorsareconsumers.

Anordercheck,whichisthemostcommonform,ispayableonlytothenamedpayeeorhisorherendorsee,asitusuallycontainsthelanguage“Paytotheorderof(name)”.

II.

银行信用已成为大多数国家现代信贷的主要形式。但银行信用不能完全取代商业信用。商业信用仍然是银行信用的基础。

私人信用的违约风险非常高。私人信用涉及自主、分散、盲目的借贷行为，难以被政府金融机构规范和监管。

SectionCInterestrates

ExerciseI.

Interest interestrate simpleinterest compoundinterest timevaluenominalinterestrate realinterestrate fixedinterest floatinginterestrate

depositinterestrate loaninterestrate legalinterestrate benchmarkinterestrateII.

Therealinterestratereferstotheinterestrateadju