金融英语重点题目.doc

Assignment Does the Barter system have any disadvantage that makes it disappear nowadays? Yes {补充 Barter —exchange goods with goods. Such as:Goat, stone, ox, salt, shell,peal, jade,iron,…… Disadvantages of Barter Deterioration Indivisibility Inefficient and Protracted (rate of exchange) Double coincidence of wants silver, gold overcame such shortcomings} What is money and its functions? Money can be described as any commodity or token that is generally acceptable as a means of payment for goods or services or in the repayment of debt. Functions Medium of exchange Unit of account Store of value What does contribute the monetary aggregates? . M0 现金(currency—paper money and coins) . M1 狭义货币供应量=M0(currency—paper money and coins)+活期存款(demand deposit) . M2 广义货币供应量=M1+定期存款(time deposit)+储蓄存款(savings deposit)+其他存款+货币市场共同基金 . M3=M2+大额定期存款和期限存款 What is the differences between interest rate and yield? In finance ,the yield carre is the relation of between the interest rate and time to maturity of the debt for a given borrower in a given currency. Please briefly introduce some about the motives which could determine the demand for liquidity according to Keynes. The transactions motive 交易动机 The precautionary motive预防 Speculative motive投机 What kinds of factors could be used to explain the risk structure of interest rates? And briefly describe the relation between each factor and the risk structure of interest rates? Default Risk Risk Premium Liquidity Risk Tax Considerations Whats difference between expansionary and contractionary monetary policy? an expansionary policy increases the total supply of money in the economy more rapidly than usual, and contractionary policy expands the money supply more slowly than usual or even shrinks it. What are the goals of monetary policy? the promotion of sustainable economic growth full employment stable prices Stable balances of payments Briefly describe the characteristics of open market operation? Initiativ