金融专业英语简答

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

2、litatetheflowoflong-termfundsareknownascapitalmarkets.Debtbondstockfundderitives2、Howdoestheleveloftax,doyouthink,affectthedemandofhouseholdforloanablefunds?(pleaseexplainbypictures)iftaxratesonhouseholdincomeareexpectedtosignificantlydecreaseinthefuture,householdsmightbelievethattheycanmoreea

3、silyaffordfutureloanrepaymentandthusbewillingtoborrowmorefunds.Foranyinterestrate,thequantityofloanablefundsdemandedbyhouseholdswouldbegreaterasaresultoftaxlawadjustment.Thisrepresentsanoutwardshiftinthedemandschedule.taxratesonhouseholdincome(incometaxdecreases→thelineofhouseholddemandmovesri

4、ght)3、Whatistherelationshipbetweenthegovernmentdemandforloanablefundsandinterestrate?(explainbypictures)Wheneveragovernment’splanedexpenditurescannotbecompletelycoveredbyitsincomingrevenuesfromtaxesandothersources,itdemandsloanablefunds.Thewaytoobtainfund:Municipal(stateandlocal)governmentsiss

5、uemunicipalbondstoobtainfunds,whilethefederalgovernmentanditsagenciesissueTreasurysecuritiesandfederalagencysecuritiesvInterest-inelastic(insensitivetointerestrates):federalgovernmentexpenditureandtaxpoliciesaregenerallythoughttobeindependentofinterestrate.Thusthefederalgovernmentdemandforfund

6、sissaidtobeInterest-inelastic,orinsensitivetointerestrates.Incontrast,municipalgovernmentssometimespostponeproposedexpendituresifthecostoffinancingistoohigh,implyingthattheirdemandforloanablefundsissomewhatsensitivetointerestrates.•Likethehouseholdandbusinessdemand,thegovernmentdemandforloanab

7、lefundscanshiftinresponsetovariousevents.Deficitincreases→moverightExhibit2.3impactofincreasedgovernmentbudgetdeficitonthegovernmentdemandforloanablefundsThefederalgovernmentdemand-for-loanable-fundsscheduleisDg1,ifnewbillsarepassedthat