货币银行学章节知识点及问题答案Word下载.docx
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4.Money:
Moneyisdefinedasanythingthatisgenerallyacceptedinpaymentforgoodsorservicesorintherepaymentofdebts.
5.Foreignexchangemarket:
Theforeignexchangemarketiswherethisconversiontakesplace,soitisinstrumentalinmovingfundsbetweencountries.
6.Foreignexchangerate:
thepriceofonecountry'
scurrencyintermsofanother'
s.
Questionsandanswers
Num.1:
Whystudymoney,bankingandfinancialmarkets?
A:
1.Toexaminehowfinancialmarketssuchasbond,stockandforeignexchangemarketswork.
2.Toexaminehowfinancialinstitutionssuchasbanksandinsurancecompanieswork.
3.Toexaminetheroleofmoneyintheeconomy.
Num.2:
Whatisthebankingandfinancialinstitution?
1.financialintermediaries,institutionsthatborrowfundsfrompeoplewhohavesavedandinturnmakeloanstoothers.
2.Banksarefinancialinstitutionsthatacceptdepositsandmakeloans.
3.Otherfinancialinstitutions—insurancecompanies,financecompanies,pensionfunds,mutualfundsandinvestmentbanks.
Num.3:
Howwewillstudymoney,bankingandfinancialmarkets?
A:
1.ExploringtheWeb
2.CollectingandGraphingData.
Chapter2AnoverviewoftheFinancialSystem
1.Capital(资本):
wealth,eitherfinancialorphysical,thatisemployedtoproducemorewealth.
2.Primarymarket:
Aprimarymarketisafinancialmarketinwhichnewissuesofasecurity,suchasabondorastock,aresoldtoinitialbuyersbythecorporationorgovernmentagencyborrowingthefunds.
3.Secondarymarket:
Asecondarymarketisafinancialmarketinwhichsecuritiesthathavebeenpreviouslyissuedcanberesold.
4.Exchanges(证券交易所):
wherebuyersandsellersofsecurities(ortheiragentsorbrokers)meetinonecentrallocationtoconducttrades.
5.Capitalmarket:
Thecapitalmarketisthemarketinwhichlonger-termdebtandequityinstrumentsaretraded.
Num.1:
HowcouldSecondarymarketsbeorganized?
Secondarymarketscanbeorganizedintwoways.Onemethodistoorganizeexchanges,wherebuyersandsellersofsecurities(ortheiragentsorbrokers)meetinonecentrallocationtoconducttrades.
Theothermethodoforganizingasecondarymarketistohaveanover-the-counter(OTC)market.
Howtodistinguishbetweenmoneyandcapitalmarket?
Moneymarketsecuritiesareusuallymorewidelytradedthanlonger-termsecuritiesandsotendtobemoreliquid.short-termsecuritieshavesmallerfluctuationsinpricesthanlong-termsecurities,makingthemsaferinvestments.Asaresult,corporationsandbanksactivelyusethemoneymarkettoearninterestonsurplusfundsthattheyexpecttohaveonlytemporarily.Capitalmarketsecurities,suchasstocksandlong-termbonds,areoftenheldbyfinancialintermediariessuchasinsurancecompaniesandpensionfunds,whichhavelittleuncertaintyabouttheamountoffundstheywillhaveavailableinthefuture.
Num.3:
What’stheInternationalBondMarket,Eurobonds,andEurocurrencies?
Thetraditionalinstrumentsintheinternationalbondmarketareknownasforeignbonds.Foreignbondsaresoldinaforeigncountryandaredenominatedinthatcountry'
scurrency.
TheEurobondisabonddenominatedinacurrencyotherthanthatofthecountryinwhichitissold.
Eurocurrencies,whichareforeigncurrenciesdepositedinbanksoutsidethehomecountry.ThemostimportantoftheEurocurrenciesareEurodollars.
Chapter3WhatIsMoney?
1.Wealth:
Thetotalcollectionofpiecesofpropertythatservetostorevalue.
2.Income:
IncomeisaflowofearningsperunitofLime.
3.Mediumofexchange:
promoteseconomicefficiencybyminimizingthetimespentinexchanginggoodsandservices.
4.Storeofvalue:
Itisarepositoryofpurchasingpowerovertime.Astoreofvalueisusedtosavepurchasingpowerfromthetimeincomeisreceiveduntilthetimeitisspent.
5.Electronicmoney(ore-money):
moneythatexistsonlyinelectronicform.
6.Ml:
whichincludesthemostliquidassets:
currency,checkingaccountdeposits,andtravelerschecks.
ExampletheevolutionofthePaymentsSystem.
CommodityMoney
FiatMoney
Checks
ElectronicPayment
E-Money
Num.2:
ExplainM1andM2.
ThenarrowestmeasureofmoneythattheFedreportsisMl,whichincludesthemostliquidassets:
currency,checkingaccountdeposits,andtraveler’schecks.
TheM2monetaryaggregateaddstoMlotherassetsthatarenotquiteasliquidasthoseincludedinMl:
assetsthathavec