文档介绍：《金融专业英语》 1 / 6
《金融专业英语》复****题
Answering the following questions
1. What is the international balance of payment and. A. Within the extent B. Above the extent C. Below the extent D. To the extent
10. A. default B. fault C. error D. object
III Translation from English into Chinese
The term “foreign exchange” has three principal meanings. In the first place, it means the system utilized in financing international payments. Or it may refer to the subject which is studied to obtain knowledge as to the financial operations conducted to discharge international obligations.
In the second place, it means the media used to discharge international obligations. For the purpose of international finance and exchange, the principal kinds of media are telegraphic transfers, mail transfers, bills, demand drafts, cheques, banker’s drafts, foreign bonds, coupons, dividend checks, pension checks, commercial and personal letters of credit, traveller’s cheques, foreign notes and coins, etc..
The third meaning of the term “foreign exchange” is that it covers, in a general way, the rates at which foreign exchange is quoted.
The overwhelming majority of international payments are made through the media of foreign exchange traded in foreign exchange markets. The foreign exchange market is not an organized market in the same sense as a stock exchange or commo