200多美元 译文：two hundred dollars more

Prices of fish ______ from 70 cents to two dollars a pound．

  每磅鱼的价钱从70美分到2美元不等。

美元标价法(III—US—Dollar Quotation)

在外汇交易中，“Five Dollar”表示5万美元。( )

参考答案：错误

A、SAY USD FOUR HUNDRED THOUSAND THREE HUNDRED AND NINETY ONLY

B、US DOLLARS FOUR HUNDRED THOUSAND THREE HUNDRED AND NINETY

C、SAY US DOLLARS FOUR HUNDRED THOUSAND AND THREE HUNDRED NINETY ONLY

D、SAY US DOLLARS FOUR HUNDRED THOUSAND THREE HUNDRED AND NINETY ONLY

??“但是，现在有一种观点认为，经济正在朝”软着陆“的方向行进，经济增长明显放慢，通货膨胀率降低，但经济衰退并没有发生。

??这种前景对美元的坚挺是有利的。原因有二：第一，软着陆不像衰退那样具有破坏性，因此，支撑美元的外国投资很可能持续下去：

??第二，软着陆不会迫使美联储为刺激增长而降低利率。利率下降会对美元产生贬值的压力，这是因为，利率下降会使美元证券对外国人的吸引力下降，诱使人们抛出美元。此外。由软着陆预期而产生的乐观因素甚至可以抵消一些由利率下降带给美元的贬值压力。”

??a．试用本章所学的汇率决定模型解释报道的第三段。

??b．还有什么汇率决定因素有助于解释第二段？

??The following report appeared in the New York Times on August 7,1989(“Dollar's Strength a Surprise，”p.DI)：

??But now the sentiment is that the economy is heading for a“soft landing”with the economy slowing significantly and inflation subsiding，but without a recession．

??This outlook is good for the dollar for two reasons．A soft landing is not as disruptive as a recession，so the foreign investments that support the dollar are more likely to continue．

??Also，a soft landing would not force the Federal Reserve to push interest rates sharply lower to stimulate growth．Falling interest rates can put downward pressure on the dollar because they make investments in dollar-denominated securities less attractive to foreigners，prompting the selling of dollars．In addition，the optimism sparked by the expectation of a soft landing can even offset some of the pressure on the dollar from lower interest rates．

??a．Show how you would interpret the third paragraph of this report using this chapter's model of exchange rate determination．

??b．What additional factors in exchange rate determination might help you explain the second paragraph？

【填空题】2.完成下列译文。 (1) Partial shipments shall be permitted upon presentation of a clean set of shipping document. 可以允许__ ______，但必须提交一套清洁装运单据。 (2) The manufacturers shall, before the goods are delivered over, make a precise and comprehensive inspection of the goods. 制造商应对货物进行一丝不苟和全面的检验_ ___，才能发货。 (3) The seller shall make delivery of the goods strictly within the period stipulated herein. 卖方应当严格按规定的期限_ ___。 (4) We claim for shortage in weight and low quality on the consignment of wheat shipped per S.S. “Princess Victoria”. “维多利亚公主”号轮装运的小麦短重和质量_ ___，我方对此提出索赔。 (5) Where no settlement can be reached, the disputes shall be submitted for arbitration. __得不到解决，应将争议提交仲裁。 (6) Payment by irrevocable letter of credit in US dollars on a United States bank, allowing part-shipment, trans-shipment and house bills and valid for 90 days from order date. 货款由一家美国银行开具的______ ________以美元支付，允许___ ______、__ ___ 及 ____ _____，自定货起90天有效。 (7) The prices shown in this offer are valid for a period of 60 days from the date thereof. 此报盘___ ____起60天内有效。 (8) This insurance is classified into the following three conditions: free from particular average (F.P.A.), with particular average (W.P.A.) and all risks. Where the goods insured hereunder sustain loss or damage, the company shall undertake to indemnify therefore according to the insured conditions. 本保险分为以下三种险别：___________ _____ ___，本保险公司将按照本保险单的规定予以赔偿。 (9) The shipper, consignee, owner of the goods and holder of this bill of lading shall be jointly and severally liable to the carrier for the payment of all freight and charges and for the performance of the obligating of each of them hereunder. ___ ______的持有人应联合负责向__ _____支付所有运费和费用，并负责履行他们各自的义务。 (10)Full set of clean on board bills of lading made out to order and blank endorsed, marked freight prepaid showing freight amount notifying ABC Company should be presented. 应 提 交 全 套 清 洁 已 装 船 提 单，做 成 空 白__ ___、空 白__ ___，标 明 __ _____，列明运费金额，通知ABC公司。

下列报道摘自《美元坚挺的惊讶》(Dollar's Strength a Surprise)，《纽约时报》，p.D1，1989-08-07：

  “但是，现在有一种观点认为，经济正在朝”软着陆“的方向行进，经济增长明显放慢，通货膨胀率降低，但经济衰退并没有发生。

  这种前景对美元的坚挺是有利的。原因有二：第一，软着陆不像衰退那样具有破坏性，因此，支撑美元的外国投资很可能持续下去：

  第二，软着陆不会迫使美联储为刺激增长而降低利率。利率下降会对美元产生贬值的压力，这是因为，利率下降会使美元证券对外国人的吸引力下降，诱使人们抛出美元。此外。由软着陆预期而产生的乐观因素甚至可以抵消一些由利率下降带给美元的贬值压力。”

  a．试用本章所学的汇率决定模型解释报道的第三段。

  b．还有什么汇率决定因素有助于解释第二段?

  The following report appeared in the New York Times on August 7,1989(“Dollar's Strength a Surprise，”p.DI)：

  But now the sentiment is that the economy is heading for a“soft landing”with the economy slowing significantly and inflation subsiding，but without a recession．

  This outlook is good for the dollar for two reasons．A soft landing is not as disruptive as a recession，so the foreign investments that support the dollar are more likely to continue．

  Also，a soft landing would not force the Federal Reserve to push interest rates sharply lower to stimulate growth．Falling interest rates can put downward pressure on the dollar because they make investments in dollar-denominated securities less attractive to foreigners，prompting the selling of dollars．In addition，the optimism sparked by the expectation of a soft landing can even offset some of the pressure on the dollar from lower interest rates．

  a．Show how you would interpret the third paragraph of this report using this chapter's model of exchange rate determination．

  b．What additional factors in exchange rate determination might help you explain the second paragraph?

Leaders of the world's wealthiest nations have promised 20 billion dollars to improve food security in poor countries.

A．世界最富裕国家的领导人已经承诺要拿出200亿美元改善穷国的食品安全。

B．世界最富裕同家的领导人已经承诺要用200亿美元改善穷国的食品安全。

C．世界富国领导说了算。他们承诺在贫穷的国家投200亿美元搞食品安全。

D．布世界上，最富裕的国家就是领导。他们已经承诺要拿出200亿美元改善穷国的食品安全。

In Figure 3. 2 A (在图表3.2 A中), consider an officially declared “par value” is $2.00 per pound(假设官方宣布的“平价”汇率为每英镑2美元), its market-clearing rate is＄1.60 per pound(英镑的市场出清价格1.6美元). British officials have announced that they will support the pound at 1 percent below par(about $1.98)and the dollar at 1 percent above par(about $2.02)(英国官方已宣布其将在平价的1%以下(约为1.98美元)支持英镑,在平价的1%以上(约为2.02美元)支持美元). In Figure 3.2A, the official are forced to make good on this pledge by officially intervening in the foreign exchange market： buying ￡50 billion, and ( )（政府当局被迫通过对外汇市场的干预来履行这一承诺具体做法是在外汇市场中买入500亿英镑, 同时( ))。

A、buying $99 billion (equal to ￡ 50 billion times $1. 98 per pound)

B、selling $99 billion (equal to ￡ 50 billion times $1. 98 per pound)

C、buying 50 billion dollars

D、selling 50 billion dollars

1美元值7.5挪威克朗，但仅值1.25瑞士法郎。挪威克朗/瑞士法郎的汇率是多少?

  A U.S. dollar costs 7.5 Norwegian kroner．but the same dollar can be purchased for 1.25 Swiss francs．What is the Norwegian krone/Swiss franc exchange rate?