金融专业英语简答

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1、Answerthequestions1、Whatarethewaysbywhichthemoneyflowsfromindividualsurplusunitstodeficitunits?financialmarketsfacilitatetheflowoffundsfromsurplusunitstodeficitunits.Thosefinancialmarketsthatfacilitatetheflowofshort-termfunds(withmaturitiesoflessthanoneyear)a

2、reknownasmoneymarkets.Thosethatfacilitatetheflowoflong-termfundsareknownascapitalmarkets.Debtbondstockfundderitives2、Howdoestheleveloftax,doyouthink,affectthedemandofhouseholdforloanablefunds?(pleaseexplainbypictures)iftaxratesonhouseholdincomeareexpectedtosi

3、gnificantlydecreaseinthefuture,householdsmightbelievethattheycanmoreeasilyaffordfutureloanrepaymentandthusbewillingtoborrowmorefunds.Foranyinterestrate,thequantityofloanablefundsdemandedbyhouseholdswouldbegreaterasaresultoftaxlawadjustment.Thisrepresentsanout

4、wardshiftinthedemandschedule.taxratesonhouseholdincome(incometaxdecreases→thelineofhouseholddemandmovesright)3、Whatistherelationshipbetweenthegovernmentdemandforloanablefundsandinterestrate?(explainbypictures)Wheneveragovernment’splanedexpenditurescannotbecom

5、pletelycoveredbyitsincomingrevenuesfromtaxesandothersources,itdemandsloanablefunds.Thewaytoobtainfund:Municipal(stateandlocal)governmentsissuemunicipalbondstoobtainfunds,whilethefederalgovernmentanditsagenciesissueTreasurysecuritiesandfederalagencysecuritiesv

6、Interest-inelastic(insensitivetointerestrates):federalgovernmentexpenditureandtaxpoliciesaregenerallythoughttobeindependentofinterestrate.ThusthefederalgovernmentdemandforfundsissaidtobeInterest-inelastic,orinsensitivetointerestrates.Incontrast,municipalgover

7、nmentssometimespostponeproposedexpendituresifthecostoffinancingistoohigh,implyingthattheirdemandforloanablefundsissomewhatsensitivetointerestrates.•Likethehouseholdandbusinessdemand,thegovernmentdemandforloanablefundscanshiftinresponsetovariousevents.Deficiti

8、ncreases→moverightExhibit2.3impactofincreasedgovernmentbudgetdeficitonthegovernmentdemandforloanablefundsThefederalgovernmentdemand-for-loanable-fundsscheduleisDg1,ifnewbillsarepassedthat