- 1、本文档共8页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
Moral hazard: The risk that one party to a transaction will engage in behavior that is undesirable from the other
party’s point of view.
Yield to maturity : The interest rate that equates the present value of payments received from a credit market
instrument with its value today.
Option contracts : Contracts that give the purchaser the option to buy or sell the underlying financial instrument at
a specified price, called the exercise price or strike price, within a specific period of time.
Capital market : A financial market in which longer-term debt (maturity of greater than one year) and equity
instruments are traded.
If there is a decline in interest rates, which would you rather be holding, long-term bonds or short-term
bonds? Why? Which type of bond has the greater interest-rate risk?
You would rather be holding long-term bonds because their price would increase more than the price of the
short-term bonds, giving them a higher return.
What effect will a sudden increase in the volatility of gold prices have on interest rates?
Interest rates would rise. A sudden increase in people ’s expectations of future real estate prices raises the expected
return on real estate relative to bonds, so the demand for bonds falls. The demand curve Bd shifts to the left, and
the equilibrium interest rate rises.
What characteristics define the money markets?
The money markets can be characterized as having securities that trade in one year or less, are of
large denomination, and are very liquid.
1. Why are finance markets important to the health of the economy?
Because they channel funds from those who do not have a productive use for them to those who do, thereby
resulting in higher economic efficiency.
2. When interest rate rise, how might businesses and consumers change their economic behavior?
Businesses
您可能关注的文档
- 金融学知识不良资产收购之尽职调查(官方最新版).pdf
- 金融学知识不良资产收购之尽职调查(源自AMC).pdf
- 金融学知识专业大学生职业生涯规划.pdf
- 金融学知识专业术语.pdf
- 金融学知识产品个人代理协议.pdf
- 金融学知识企业财务规则练习题-武汉.pdf
- 金融学知识作业.pdf
- 金融学知识公司员工保密协议.pdf
- 金融学知识名词解释(1).pdf
- 金融学知识名词解释和简答.pdf
- 2024年大学试题(医学)-口腔颌面外科笔试参考题库含答案.docx
- 2024年大学试题(医学)-护理学导论笔试参考题库含答案.docx
- 2024年大学试题(大学选修课)-人工智能笔试参考题库含答案.docx
- 2024年大学试题(农学)-植物学笔试参考题库含答案.docx
- 2024年大学试题(历史学)-俄国近代思想史笔试参考题库含答案.docx
- 2024年大学试题(教育学)-学前教育史笔试参考题库含答案.docx
- 2024年卫生资格(中初级)-中医骨伤科学主治医师笔试参考题库含答案.docx
- 2024年卫生资格(中初级)-职业卫生主治医师笔试参考题库含答案.docx
- 2024年3月北京西城区卫生健康系统事业单位招考聘用206人笔试参考题库附带答案详解.docx
- 2024年大学试题(水产学)-虾蟹类增养殖学笔试参考题库含答案.docx
1亿VIP精品文档
相关文档
最近下载
- 2023年四年级下语文期中复习·心田花开.pdf VIP
- 2023年全国统一高考英语试卷(全国甲卷)(含答案与解析).pdf
- 【课件】歌唱的情感与表达+当那一天来临+课件高中音乐人音版(2019)+必修2+歌唱.pptx VIP
- 03s702钢筋混凝土化粪池图集(高清).pdf
- 在线网课学习课堂《生命科学基础(北理 )》单元测试考核答案.docx
- 电视画面编辑(本科)王晓红.ppt
- 2021-2022学年威海市乳山市八年级下学期期中数学试卷(含答案解析).docx
- 特种设备生产(含安装、改造、维修)单位质量安全风险管控清单 .docx
- 人工智能导论 人工智能理论基础 人工智能理论基础.pptx
- 搅拌设备设计.ppt
文档评论(0)