货币银行学要点--精简版.docx

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1、5。相似与股票和债券的区别是什么？Botharesecuritieswhichareasourceoffundsforacorporationandaclaimtofuturestreamsofpayment.Stocksareownershipshareswithinfinitematurity,whilebondsaredebtwith,inmostcases,afinitematurity.都是一个公司和索赔支付未来流之资金来源证券。股票是无限的成熟股票的所有权，而债券是债务，在大多数情况下，一个有限的成熟。债券固定美元的承诺

2、，而股票的价值是取决于发行人的性能。期货Futurescontractsrepresentapromisebybothsidestomakeatransactioninthefuture.期权Optionscontractsrepresentapromisebybothsidestomakeatransactioninthefuture,thepurchaserpayasumofmoneytoseller.Thepurchaserhastherightbutnottheobligationtoexercisetheoption.期货

3、合约是一个承诺，双方在未来做个交易。期权合约的独立的权利和义务。期权的卖方承诺如果购买者的选择要指定的事务。期权的购买者将如果这样做是有利可图的选择行使期权。买方有权但没有行使期权的义务。拍卖市场Themainfeatureofanauctionmarketisthatparticipantsconfronteachotherdirectly.拍卖市场的主要特征是，参与者面对对方直接经纪人市场Brokeredmarketshavesellersemployingagentstosearchforbuyers.经销商市场Adealer

4、markethasadealercontinuouslybuyingandsellingandtakingpositions.存款准备金率Depositreserverationisthecentralbankthatsetstheminimumreserveseachbankmustholdtocustomerdepositsandnotes..作用1,ensurethe　liquidityofcommercial　bank　funds２Adjustthetotalmoneysupply贴现率Commercialbanksdeal

5、withbilldiscountingbusiness,thebankwilldeducttheinterest,thisinterestrateisthediscountrate作用再贴现率；banksfacedwithreservedeficitscantemporarilyborrowreservesfromtheirregionalFederalReservebankataprice作用１Asacommercialbankfundingcostsofthereferencestandard２Adjust themoneysu

6、pply３Thediscountrateaffectsthecountry'sinterestrates公开市场操作isanactivitybyacentralbanktobuyorsellgovernmentbondsontheopenmarket.作用１Controlthesizeofloansandmoneysupply.２Thedirect effectof interestratesandtheinterestratestructure３大额可转让定期存单（NegotiableCertificateofDeposit　简写

7、为CDs）Acertificateofdepositwithaminimumfacevalueof$100,000.Theseareguaranteedbythebankandcanusuallybesoldinahighlyliquidsecondarymarket,buttheycannotbecashed-inbeforematurity.商业票据（commercialpaper）ismostlyheldbymoneymarketmutualfunds.Itrepresentsshort-termliabilitiesofth

8、emostcreditworthybusinessfirms欧洲美元；欧洲美元，它并不是一种特殊的美元，与美国国内流通的美元是同质的，具有相同的流动性和购买力，所不同的是，欧洲美元不由美国境内金融机构监管，不受美联储相关银行法规、利率