Chapter 1
The international money market trades short-term claims with an original maturity of one year or less.
The international capital market trades capital market instruments with an original maturity greater than one year.
The foreign exchange market is the one where foreign currencies are bought and sold in the cour of trading goods, rvices, and financial claims among countries.
Chapter 2
1.Money：Economists define money (also referred to as the money supply) as anything that is generally accepted in payment for goods or rvices or in the repayment of debts.
2.Currency：One type of money：dollar bills and coins
3.Medium of Exchange：In almost all market transactions in an economy, money in the f
orm of currency or checks is a medium of exchange; it is ud to pay for goods and rvices.
广东名人4.Transaction Cost：The time spent trying to exchange goods and rvices is called a transaction cost.
5.Store of Value：Money also functions as a store of value; it is a repository of purchasing power over time. A store of value is ud to save purchasing power from the time income is received until the time it is spent.
6.Liquidity：Liquidity is a measure of the ea with which an ast can be turned into a means of payment, namely money.
7.Inflation：Inflation is a sustained ri in the general price level—that is, the price of everything goes up more or less at the same time.
8.滨河森林公园Money aggregates: We have drawn the line in a number of different places and computed veral measures of money, called the money aggregates: M1, M2, and M3.
M1=currency
currency and various deposit accounts on which people can write checks
+Traveler’s checks
+Demand deposits
麻辣小龙虾的做法 +Other checkable deposits
M2=M1
月经回潮是怎么回事
M2 equals all of M1 plus asts that cannot be ud directly as a means of payment and are difficult to turn into currency quickly
+Small-denomination time deposits
+Savings deposits and money market deposit accounts
+Money market mutual fund shares (non-institutional)
M3=M2
M3 adds to M2 a number of other asts that are important to large institutions but not to individuals.
+Large-denomination time deposits
+Money market mutual fund shares (institutional)
+Repurcha agreements
+Eurodollars
Chapter 3
1. Depository institutions：Depository institutions are financial institutions that accept deposits from savers and make loans to borrowers .We u the term “banks” as an alternative.
2.bank：A bank is a financial institution where you can deposit your money.
3.Commercial Banks：A commercial bank is an institution that accepts deposits and us the proceeds to make consumer, commercial, and mortgage loans. Originally established to meet the needs of business, many of the banks now rve individual customers as well
4.holding company：A holding company is a corporation that owns a group of other firms.
5.Community Banks：Small banks—tho with asts of less than $1 billion—that concentrate on rving consumers and small business.
The are the banks that take deposits from people in the local area and lend them back to local business and consumers.
6. 艾灸怎么用Regional and Super-Regional Banks：larger than community banks and much less local. Besides consumer and residential loans, the banks also make commercial and industrial loans.
天福茶博物院7.Money Center Banks情人节段子：do not rely primarily on deposit financing. The banks rely inst
ead on borrowing for their funding
8.Savings Institutions：Savings institutions, which are sometimes referred to as “thrift institutions” or “thrifts”, are financial intermediaries that were established to rve houholds and individuals.
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9.Credit Union：Credit unions (CUs) are nonprofit organizations
They are compod of members with a common bond, such as an affiliation with a particular labor union, church, university, or even residential area.
Chapter 4
Insurance Companies: Insurance companies are intermediaries who primary function is to allow houholds and business to shed specific risks by buying contracts called insurance policies that pay cash compensation if certain specified events occur.
1.Insurance: Insurance is a financial arrangement that redistributes the costs of unexpected loss.
2.Insurance System: An insurance system accomplishes the redistribution of the cost of loss by collecting a premium payment from every participant in the system.
Marine Insurance —The large majority of ship owners resort to marine insurance for the protection of their ships, freight and other interests against marine perils.
