货币银行学章节知识点及问题答案.docx

货币银行学章节知识点及问题答案.docx

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货币银行学章节知识点及问题答案

货币银行学章节知识点及问题答案

Chapter1WhyStudyMoney，Banking,andFinancialMarkets?

1.Financialmarkets：

marketsinwhichfundsaretransferredfrompeoplewhohaveanexcessofavailablefundsLopeoplewhohaveashortage.

2.Interestrate：

aninterestrateisthecostofborrowingorthepricepaidfortherentaloffunds

3.Stock：

Acommonstock（typicallyjustcalledastock）representsashareofownershipinacorporation.

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?

A：

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.

Questionsandanswers

Num.1：

HowcouldSecondarymarketsbeorganized?

A：

Secondarymarketscanbeorganizedintwoways.Onemethodistoorganizeexchanges，wherebuyersandsellersofsecurities（ortheiragentsorbrokers）meetinonecentrallocationtoconducttrades.

Theothermethodoforganizingasecondarymarketistohaveanover-the-counter（OTC）market.

Num.2:

Howtodistinguishbetweenmoneyandcapitalmarket?

A：

Moneymarketsecuritiesareusuallymorewidelytradedthanlonger-termsecuritiesandsotendtobemoreliquid.short-termsecuritieshavesmallerfluctuationsinpricesthanlong-termsecurities，makingthemsaferinvestments.Asaresult，corporationsandbanksactivelyusethemoneymarkettoearninterestonsurplusfundsthattheyexpecttohaveonlytemporarily.Capitalmarketsecurities，suchasstocksandlong-termbonds，areoftenheldbyfinancialintermediariessuchasinsurancecompaniesandpensionfunds，whichhavelittleuncertaintyabouttheamountoffundstheywillhaveavailableinthefuture.

Num.3:

What’stheInternationalBondMarket，Eurobonds，andEurocurrencies?

A：

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.

Questionsandanswers

Num.1：

ExampletheevolutionofthePaymentsSystem.

A：

CommodityMoney

FiatMoney

Checks

ElectronicPayment

E-Money

Num.2：

ExplainM1andM2.

A：

ThenarrowestmeasureofmoneythattheFedreportsisMl，whichincludesthemostliquidassets：

currency，checkingaccountdeposits，andtraveler’schecks.

TheM2monetaryaggregateaddstoMlotherassetsthatarenotquiteasliquidasthoseincludedinMl：

assetsthathavec