金融学专业考研复试专业英语题目

1. How to define the aggregate price level1. How to define the aggregate price level 如何衡量价格指数如何衡量价格指数 Three measures of the aggregate price level are commonly encountered in economic data. 1The first is the GDP deflatorGDP deflator GDPGDP 平减指数平减指数, which is defined as nominal GDP divided by real GDP. 2Another popular measure of the aggregate price level is the Producer Price IndexProducer Price Index 生产者价格指数生产者价格指数 which is a measure of the cost of a basket of goods and services bought by firms. 3 The measure of theaggregate price level that is most frequently reported in the press is the Consumer Price IndexConsumer Price Index 消费者价格指数消费者价格指数, which is measured by pricing a basket of goods and services bought by a typical urban household. 2. What2. What’ ’s the disadvantage and advantage of holding equity rather than debts the disadvantage and advantage of holding equity rather than debt 持有股权的优劣持有股权的优劣 1The main disadvantagedisadvantage of owning a corporation’s equities rather than its debt is that an equity holder is a residualresidual claimantclaimant 剩余求偿权剩余求偿权 , that is, the corporation must pay all its debt holders before it pays its equity holders . 2The main advantageadvantage 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. What3. What’ ’s the difference between primary and secondary markets the difference between primary and secondary market 一级市场与二一级市场与二 级市场的区别级市场的区别 1A 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 bythe corporation or government agency borrowing the funds. 2A secondary market is a financial market in which securities that have been previously issued can be resold. 4. WhatWhat’ ’s the difference between foreign bond and Eurobonds the difference between foreign bond and Eurobond外国债券和欧洲外国债券和欧洲 债券的区别债券的区别 1Foreign bondsForeign 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. 2EurobondEurobond is a bond denominated in a currency other than that of the country in which it is sold. For example, a bond denominated in U.S. dollars sold in China. 5. What5. What’’ s asset transation and diversifications asset transation and diversification资产转换和分散化资产转换和分散化 1Financial intermediaries create and sell assets with risk characteristics that people are comfortable with, and the intermediaries then use the funds they acquire by selling these assets to purchase other assets that may have far more risk. This process of risk sharing is referred as asset transationasset transation, because in a sense, risky assets are turned into safer assets for invest