I. Translate the following terms(共20题，每小题1分，共20分):1. Quantitative easing量化宽松2. fiscal policy vs monetary policy财政政策vs货币政策3. fiscal stimulus vs monetary stimulus财政刺激 vs 货币刺激4. budget deficit （ surplus ）财政赤字（盈余）5. current account surplus国家经常账户盈余6. trade balance贸易差额7. favorable trade balance=trade surplus贸易顺差8. unfavorable trade balance=trade deficit贸易逆差9. balance of payments国际收支平衡10.cash balance现金差额11.credit balance贷方差额12.debit balance借方差额13.Purchasing power parity(PPP)购买力平价理论14.Financial regulation金融管制/监管15.Deregulation放松监管16.competitive edge竞争优势17.comparative advantage竞争优势18.mercantilism重商主义19.gold reserves黄金储备20.foreign exchange reserves外汇储备21.the Great Depression经济大萧条22.the Great recession经济大衰退23.the New Deal新政24.Junk bonds垃圾债券/高风险债券25.gilt-edged bonds金边债券26.creditrati27.ng agencies(Standard & Poors, Moodys, FitchRating)信贷评级机构1. speculators vs investors投机者 vs 投资者2. hedge funds对冲基金3. private equity funds私募（股权）基金4. currency revaluation(appreciation)货币增值5. currency devaluation(depreciation)货币贬值6. futures market期货市场7. stock exchange证券交易所8. derivatives(futures, options, swaps)金融衍生品9. market capitalization: market value市场价值10.producer price index(PPI)生产者物价指数11.consumer price index(CPI)消费者物价指数12.Credit line信贷额度13.debt restructuring债务重组14.corporate restructuring公司重组15.the Dow Jones Industrial Average道琼斯工业平均指数16.The S&P 500 Index标准普尔500指数17.The NASDAQ Composite纳斯达克综合指数18.The Nikkei 225 Index日经225指数19.corporategovernance公司治理20.mergers and acquisitions(M&A)企业并购21.insider trading内幕交易22.securities fraud证券欺诈23.Economic recession经济衰退24.trade liberalization贸易自由化25.financial liberalization金融自由化26.the International Bank for Reconstruction andDevelopment(IBRD)=theWorldBank 世界银行27.non-performing loans(distressed debt, bad debt, troubledloans) 不良贷款28.holding company控股公司29.the Securities and Exchange Commission(SEC)美国证券交易委员会30.Balance sheet资产负债表31.income statement损益表32.statement of cash flows现金流量表33.initial public offering(IPO)首次公开募股34.Retail banking零售/个人银行35.private banking(wealth management)银行对私业务36.venture capital风险投资37.angel investors天使投资人38.Leveraged buyout(LBO)杠杆收购39.Management buyout(MBO)管理层收购40.Pension funds养老基金41.GDP per capita人均国内生产总值42.GNP per capita人均国民生产总值43.blue chip蓝筹股44.junk stock垃圾股45.capital adequacy ratio资本充足率46.core capital核心资本47.Tier I capital一级资本48.market share市场占有率49.vertical takeovers纵向收购50.horizontal takeovers横向收购51.conglomerate takeovers集团收购52.Laissez-faire capitalism自由放任资本主义53.laissez-faire economics vs Keynesian economics放任经济 vs 凯恩斯经济学54.fiscal tightening: fiscal austerity财政紧缩55.carry trading套利基金56.capital control资本控制57.exchange control外汇管制58.risk premium风险溢价59.fair disclosure公平披露60.full disclosure充分披露61.the Glass-Steagall Act格拉斯-史蒂格法62.The Federal Deposit Insurance Corporation(FDIC)联邦存款保险公司63.stock bubbles股市泡沫64.Sovereigndebtdefault65.IMF国际货币基金组织66.John Maynard Keynes凯恩斯67.David Ricardo大卫.李嘉图68.marginal analysis边际分析方法69.cost-benefit analysis成本利益分析70.corporate income tax企业所得税71.single proprietorship独资72.Limited partnership有限合伙73.Franchising加盟连销权74.jointventure合资公司75.defined benefit plans固定收益计划76.defined contribution plans固定缴费计划