金融431复试专业英语.pdf

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1.Howtodefinetheaggregatepricelevel?

Threemeasuresoftheaggregatepricelevelarecommonlyencounteredineconomicdata.

(1)ThefirstistheGDPdeflator(GDP),whichisdefinedasnominalGDPdividedbyreal

GDP.

(2)AnotherpopularmeasureoftheaggregatepricelevelistheProducerPriceIndex(

)whichisameasureofthecostofabasketofgoodsandservicesboughtbyfirms.

(3)Themeasureoftheaggregatepricelevelthatismostfrequentlyreportedinthepressisthe

ConsumerPriceIndex(),whichismeasuredbypricingabasketofgoodsand

servicesboughtbyatypicalurbanhousehold.

2.What’sthedisadvantageandadvantageofholdingequityratherthandebt?

(1)Themaindisadvantageofowningacorporation’sequitiesratherthanitsdebtisthatanequity

holderisaresidualclaimant(),thatis,thecorporationmustpayallitsdebtholders

beforeitpaysitsequityholders.

(2)Themainadvantageofholdingequitiesisthatequityholdersbenefitdirectlyfromanyincreases

inthecorporation’sprofitabilityorassetvaluebecauseequitiesconferownershiprightsonthe

equityholders.Debtholdersdonotshareinthisbenefit,becausetheirpaymentsarefixed.

3.What’sthedifferencebetweenprimaryandsecondarymarket?

(1)Aprimarymarketisafinancialmarketinwhichnewissuesofasecurity,suchasabondora

stock,aresoldtoinitialbuyersbythecorporationorgovernmentagencyborrowingthefunds.

(2)Asecondarymarketisafinancialmarketinwhichsecuritiesthathavebeenpreviouslyissuedcan

beresold.

-1-

4.What’sthedifferencebetweenforeignbondandEurobond?

(1)Foreignbondsaresoldinaforeigncountryandaredenominatedinthatcountry’scurrency.For

example,abondissued

主要服务：1.内容制作教师招聘笔试教育理论部分的分章节题本和相关的练习模拟题和套题；2.整理题本格式。

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