金融英語試題及答案

一、單項選擇題（每題2分，共10題，20分）1.Theabbreviation“GDP”standsfor______.A.GeneralDomesticProductB.GrossDomesticProductionC.GrossDomesticProductD.GeneralDomesticProduction2.Abankthatprovidesservicestootherbanksiscalleda______.A.commercialbankB.centralbankC.investmentbankD.savingsbank3.Thepriceofonecurrencyintermsofanotherisknownasthe______.A.interestrateB.inflationrateC.exchangerateD.growthrate4.Whichofthefollowingisadebtinstrument?A.StockB.BondC.OptionD.Futures5.Theprocessofspreadinginvestmentsacrossdifferentassetstoreduceriskiscalled______.A.speculationB.diversificationC.hedgingD.arbitrage6.Theinterestratethatthecentralbankchargescommercialbanksforloansiscalledthe______.A.primerateB.federalfundsrateC.discountrateD.LIBOR7.Afinancialinstitutionthatpoolsmoneyfrommanyinvestorsandinvestsitinadiversifiedportfolioofsecuritiesisa______.A.mutualfundB.hedgefundC.pensionfundD.sovereignwealthfund8.Thetotalvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiodis______.A.GNPB.GDPC.NNPD.NI9.Whenacompanyissuesnewsharestoraisecapital,itiscalleda(n)______.A.initialpublicoffering(IPO)B.seasonedequityoffering(SEO)C.rightsissueD.privateplacement10.Themarketwhereshort-termdebtsecuritiesaretradediscalledthe______.A.capitalmarketB.moneymarketC.stockmarketD.bondmarket二、多項選擇題（每題2分，共10題，20分）1.Whichofthefollowingarefunctionsofacentralbank?A.IssuingcurrencyB.ConductingmonetarypolicyC.SupervisingbanksD.Providingloanstoindividuals2.Typesoffinancialmarketsinclude______.A.StockmarketB.BondmarketC.ForeignexchangemarketD.Commoditymarket3.Whatarethemaincomponentsofabalancesheet?A.AssetsB.LiabilitiesC.EquityD.Revenue4.Whichofthefollowingareinvestmentstrategies?A.ValueinvestingB.GrowthinvestingC.DaytradingD.Swingtrading5.Thefactorsthatcanaffectexchangeratesare______.A.InterestratedifferentialsB.InflationratesC.PoliticalstabilityD.Balanceoftrade6.Whatarethecharacteristicsofabond?A.FixedinterestpaymentsB.MaturitydateC.OwnershipinthecompanyD.Priorityincaseofliquidation7.Whichofthefollowingfinancialinstitutionsaredepositoryinstitutions?A.CommercialbanksB.SavingsbanksC.CreditunionsD.Investmentbanks8.Thepurposesoffinancialregulationinclude______.A.ProtectinginvestorsB.EnsuringthestabilityofthefinancialsystemC.PromotingfaircompetitionD.Encouragingexcessiverisk-taking9.Whichofthefollowingarederivatives?A.OptionsB.FuturesC.SwapsD.Bonds10.Themeasuresofeconomicgrowthinclude______.A.GDPgrowthrateB.GNPgrowthrateC.PercapitaincomegrowthD.Unemploymentrate三、判斷題（每題2分，共10題，20分）1.Astockrepresentsadebtobligationofacompany.(False)2.Thecentralbankcancontrolinflationbyincreasingthemoneysupply.(False)3.Adiversifiedportfolioalwaysguaranteeszerorisk.(False)4.Thehighertheinterestrate,thelowerthepresentvalueofafuturecashflow.(True)5.Intheforeignexchangemarket,acurrencyappreciationmeansitcanbuymoreofothercurrencies.(True)6.Amutualfundismanagedbyanindividualinvestor.(False)7.Thebalancesheetmustalwaysbalance,i.e.,assets=liabilities+equity.(True)8.Optionsgivetheholdertheobligationtobuyorsellanunderlyingasset.(False)9.Arecessionisaperiodofeconomicexpansion.(False)10.Themoneymarketdealswithlong-termdebtsecurities.(False)四、簡答題（每題5分，共4題，20分）1.Whatistheroleofacommercialbank?Commercialbanksacceptdepositsfromcustomers,provideloanstoindividualsandbusinesses,offervariousfinancialserviceslikecheckingandsavingsaccounts,andfacilitatemoneytransfers.Theyactasfinancialintermediariesbetweensaversandborrowers.2.Explaintheconceptofinflation.Inflationistherateatwhichthegenerallevelofpricesforgoodsandservicesisrisingand,subsequently,thepurchasingpowerofcurrencyisfalling.ItisusuallymeasuredbyindicesliketheConsumerPriceIndex(CPI).3.Whatarethemaindifferencesbetweenstocksandbonds?Stocksrepresentownershipinacompany,offerpotentialforhighreturnsbutwithhighrisk.Bondholdersarecreditors,receivefixedinterestpaymentsandgetbacktheprincipalatmaturity.Stockshavenofixedpaymentsandmaturitylikebonds.4.Describethefunctionofthestockmarket.Thestockmarketallowscompaniestoraisecapitalbyissuingshares.Italsoprovidesaplatformforinvestorstobuyandsellstocks.Ithelpsinpricediscoveryofsharesandpromotesinvestmentandeconomicgrowthbychannelingfundstoproductiveuses.五、討論題（每題5分，共4題，20分）1.Discusstheimpactofinterestratechangesontheeconomy.Interestratechangesaffectborrowingandspending.Adecreaseininterestratesmakesborrowingcheaper,stimulatinginvestmentandconsumption,whichcanboosteconomicgrowth.Anincreaseininterestratesmakesborrowingmoreexpensive,reducingspendingandcanhelpcontrolinflation.Italsoimpactsexchangeratesandassetprices.2.Howdoesglobalizationaffectthefinancialsystem?Globalizationhasincreasedcross-borderfinancialflows.Ithasledtogreaterintegrationoffinancialmarkets,makingiteasierforcapitaltomoveinternationally.However,italsospreadsfinancialrisksmorequicklyacrosscountries.Ithasalsoledtotheneedforinternationalfinancialregulationcoordination.3.Analyzetheimportanceoffinancialliteracyforindividuals.Financiallyliterateindividualscanmakeinformeddecisionsaboutsaving,investing,borrowing,andmanagingdebt.Ithelpsthemplanforretirement,avoidfinancialpitfallslikeexcessivedebt,andmakethemost