The maximum maturity on commercial paper is（）.

Commercial banks provide long-term mortgage loans to borrowers (consumers) to purchase houses/land. The ownership of the (61) remains in mortgagee and the possession of property usually remains in (62) unless and until the occurrence of default or full repayment. Maturity of such loans is usually 30 years and the interest rates are (63) Maximum amount of such loans is (64) of the property value, and the balance should be paid (65) as down payment.

(46)

A．land

B．property

C．bank

D．credit

Task 3 《会计英语实用教程》Page134 V【要求：将词或短语在书上标记后再翻译-拍照-在附件里提交】 V. Translate the underlined words and phrases （40 points） 1. The cash flow statement reveals not only the operating cash flow of the company, but also enables the user to reconcile the cash flows to net income. 2. Most users of financial statements are interested in seeing the cash flows as well as the net income because in the long run they base their own projections of cash flow on those of the company. 3. The starting point of cash flow prediction is the analysis of historical cash flows. Therefore, the objective of the cash flow statement is to disclose the historical cash flows of the enterprise during the reporting period. 4.Companies do not keep large amounts of currency on hand except for daily operating purposes in cash registers or petty cash funds. 5. Cash equivalents can be defined as investments which readily convertible to known amount of cash and be subject to an insignificant risk of changes in value. Three months is suggested as the maximum maturity period. Investments in shares are explicitly excluded.

到期收益率(yield to maturity)

A.age

B.sex

C.environment

D.maturity

A、the holding period is longer than the maturity of the bond.

B、the maturity of the bond is longer than the holding period.

C、the holding period and the maturity of the bond are identical.

D、none of the above.

A、A bond with one year to maturity

B、A bond with five years to maturity

C、A bond with ten years to maturity

D、A bond with twenty years to maturity

A、Yes, because with a maturity gap of zero the change in the market value of assets exactly offsets the change in the market value of liabilities.

B、No, because with a maturity gap of zero the change in the market value of assets exactly offsets the change in the market value of liabilities.

C、Yes, because the maturity model does not consider the timing of cash flows.

D、No, because the timing of cash flows is relevant to immunization against interest rate risk exposure.

E、No, because a representative bank will always have a positive maturity gap.

期限(maturity)