金融英语简答题.doc

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1、Chapter11.Whatarethefivepartsofthefinancialsystemandtheirfunctions?Thefivepartsofthefinancialsystemaremoney,financialinstruments,financialmarkets,financialinstitutions,andcentralbanks.Weusemoneytopayforourpurchasesandtostorewealth.Weusefinancialinstrumentstotransfer

2、resourcesfromsaverstoinvestorsandtotransferrisktothosewhoarebestequippedtobearit.Financialmarketsallowustobuyandsellfinancialinstrumentsquicklyandcheaply.Financialinstitutionsprovideanumberofservices,includingaccesstothefinancialmarketsandcollectionofinformationabou

3、tprospectiveborrowerstoensuretheyarecreditworthy.Centralbanksmonitorandstabilizetheeconomy.2.Whatdoestheinternationalfinancialsysteminclude?Theinternationalfinancialsystemincludestheinternationalmoneyandcapitalmarketsandtheforeignexchangemarket.Theinternationalmoney

4、markettradesshort-termclaimswithanoriginalmaturityofoneyearorlesswhiletheinternationalcapitalmarkettradescapitalmarketinstrumentswithanoriginalmaturitygreaterthanoneyear.Acrucialpartoftheinternationalfinancialsystemistheforeignexchangemarket,whereforeigncurrenciesar

5、eboughtandsoldinthecourseoftradinggoods,services,andfinancialclaimsamongcountries.Chapter21.Whatisthedifferencebetweenmoneyandcurrency?Economistsdefinemoney(alsoreferredtoasthemoneysupply)asanythingthatisgenerallyacceptedinpaymentforgoodsorservicesorintherepaymentof

6、debts.Currency,consistingofdollarbillsandcoins,clearlyfitsthisdefinitionandisonetypeofmoney.2.PleasesummarizethemeasuresofthemonetaryaggregatesasdefinedbytheFederalReserveoftheUnitedStates.M1=currency+Demanddeposits+OthercheckabledepositsM2=M1+Small-denominationtime

7、deposits+Savingsdepositsandmoneymarketdepositaccounts+Moneymarketmutualfundshares(non-institutional)M3=M2+Large-denominationtimedeposits+Moneymarketmutualfundshares(institutional)+Repurchaseagreements+Eurodollars.Chapter31.Whatarecommercialbanks?Acommercialbankisani

8、nstitutionthatacceptsdepositsandusestheproceedstomakeconsumer,commercial,andmortgageloans.Originallyestablishedtomeettheneedsofbusinesses,