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金融英语翻译题第二章.pdf

发布:2017-05-26约5.85千字共3页下载文档
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第二章 1、Debit cards are offered by various financial intermediaries. A debit card differs from a credit card in that, in the latter case, a bill is sent to the credit card holder periodically (usually once a month) requesting payment for transactions made in the past. In the case of a debit card, funds are immediately withdrawn (that is, debited) from the purchaser’s account at the time the transaction takes place. 许多金融中介都可以提供借记卡,它与信用卡的区别在于信用卡 持有者会定期(通常为每月一次)收到一份账单要求其在对过去时期 内的交易行为付账,而借记卡的持有者在购买的同时,其账户上相应 的资金就被划走了。 2、The investment company invests the funds received in the stock of a large number of companies. By doing so, the investment company has diversified and reduced its risk. Investors who have a small sum to invest would find it difficult to achieve the same degree of diversification because they do not have sufficient funds to buy shares of a large number of companies. Yet ,by investing in the investment company for the same sum of money, investors can accomplish this diversification, thereby reducing risk. 投资公司将所筹集资金投资于许多公司的股票,通过这样的操 作,投资公司就达到了分散投资与降低风险的目的。而资金量较少的 投资者则很难达到这种分散化投资的效果,因为他们没有足够的资金 来购买这些公司的股票。但是,如果将这笔钱投资于投资公司,投资 者就可以实现分散化投资,从而降低风险。 3 、The nature of the liabilities dictates the investment strategy a financial institution will pursue. For example, depository institutions seek to generate income by the spread between the return that they earn on assets and the cost of their funds. That is, they buy money and sell money. They buy money by borrowing 借入 from depositors or other sources of funds. They sell money when they lend 提供 it to businesses or individuals. In essence, they are spread businesses. Their objective is to sell money for more than it costs to buy money. 负债的性质决定了金融机构的投资策略。例如,存款机构的收入 来源于筹资成本和投资收益的利差.也就是它们买入货币再卖出货 币。他们向存款机构或者其他资金来源借入资金来买入货币.通过向 企业或消费者发放贷款来卖出货币。本质上,他们就是追求利差。它 们的目标就是以比买入货币成本更高的价格卖出货币。 4、In addition to uncertainty about the timing and amount of the cash ou
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