2024年3月22日发(作者：)

“高职高专商务英语专业规划教材”

Unit 1 Financial Market Research

练习参考答案

I. Read through the text and answer the following questions.

1. A financial market is a mechanism that allows people to easily buy and

sell (trade) financial securities (such as stocks and bonds),

commodities (such as precious metals or agricultural goods), and other

fungible items of value at low transaction costs and at prices that

reflect the efficient-market hypothesis.

2. The raising of capital ;the transfer of risk and international trade

3. Capital markets,commodity markets,money markets, derivative markets,

insurance markets and foreign exchange markets .

4. Financial markets fit in the relationship between lenders and

borrowers.

5. Individuals, companies, governments, municipalities and public

corporations.

II. Paraphrase the following expressions or abbreviations and translate

them into Chinese

Check the answers from the Special Term Lists.

III. Fill in the blanks with the proper words

The global financial crisis, brewing for a while, really started to

show its effects in the middle of 2007 and into 2008. Around the world

stock markets have fallen, large financial institutions have collapsed

or been bought out, and governments in even the wealthiest nations have

had to come up with rescue packages to bail out their financial systems.

On the one hand many people are concerned that those responsible for

the financial problems are the ones being bailed out, while on the other

hand, a global financial meltdown will affect the livelihoods of almost

everyone in an increasingly inter-connected world. The problem could have

been avoided, if ideologues supporting the current economics models

weren’t so vocal, influential and inconsiderate of others’ viewpoints

and concerns.

IV. Translation.

1. 金融市场包括很多方面，包括资本市场，华尔街，甚至是市场本身。一些专

家简单的将股票市场成为金融市场，尽管市场实际上包括股票市场、债券市

场和商品市场。

2. 股票是一个公司所有权的份额，可以卖给投资者，以使该公司可以立刻筹集

到大量资金。

3. 期货允许投资者借贷资金购买商品从而增加交易者的投资杠杆。如果交易者

预测有误，这将对股票市场产生巨大影响。

4. 欧洲央行于周二投资700亿欧元，这比在纽约遭受恐怖袭击后，央行与2001

年9月12日进行的投资总数还多了7亿欧元。

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5. 俄罗斯的专家称，国家的经济潜力将使得国家不必遭受相当大的经济损失就

可以渡过经济危机。如今的俄国经济比十年前要强很多。

6. 银行借更多的钱用于放贷，这样他们就可以创造更多的证券。因此一些银行

只要能从其他银行借到钱并且以证券的形势将那些贷款卖出就不用过多再依

赖于储户，坏账将成为那些购买这些证券的人或机构的问题。

7. 缩水的银行业在他们试图建立资本时从经济中吸取大量资金，并且银行对贷

款问题很担忧。同事，那些依赖信贷的企业和个人发现贷款越来越难获得。

因此，恶性循环形成了。

8. 在试图确认某人是否会违约的时候，对冲基金和违约信用交换会是合法的工

具，但是在市场自然而然变得投机性越来越强时问题就会显现出来。

9. 问题已经到了越来越严重的程度，以致于一些世界最大型的金融机构已经垮

台。其他一些则被其竞争对手以低价收购。在另一些情况下，一些世界上最

富有国家的政府也通过大量以优先股给股东分红或者出台救市计划来挽救现

存的大型银行和金融机构。

10.许多国家的经济已经感受到了它的影响。许多工业化国家即使还没有达到工

商业衰退的地步也正在逐渐向这个方向发展。

V. Topic for Discussion

Let the students to state the opinions of their own. The standard is

whether his/her portfolio is reasonable.

Unit 2 Financial Investment

练习参考答案

I. Read through the text and answer the following questions.

1. Less risky, and liquidity

2. First, bank debt serves as money, so disruptions to banks can affect

the amount of money in circulation. Second, financial intermediaries

are tied together through chains of debts and assets.

3. Low risk, liquid and a high rate of return.

4. An asset is what one owns. Assets=Net Worth+Liabilities

5. Trading in finacial markets involves not only an analysis of the

fundamental value of an asset, but also an analysis of how other people

will react. If people are confident that others will buy the item for

more than they paid for it, then they will buy it even if it has little

value to them.

II. Paraphrase the following expressions or abbreviations and translate

them into Chinese

Check the answers from the Special Term Lists.

III. Fill in the blanks with the proper words

In the not so distant past, there was little difference between

financial and strategic investors. Investors of all colors sought to

safeguard their investment by taking over as many management functions

as they could. Additionally, investments were small and shareholders few.

A firm resembled a household and the number of people involved – in

ownership and in management – was correspondingly limited. People

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