金融英语名词解释.pdfVIP

Chapter1

oneyearorless.

Theinternationalcapitalmarkettradescapitalmarketinstrumentswithanoriginal

maturitygreaterthanoneyear.

Theforeignexchangemarketistheonewhereforeigncurrenciesareboughtandsold

inthecourseoftradinggoods,services,andfinancialclaimsamongcountries.

Chapter2

1.Money：Economistsdefinemoney(alsoreferredtoasthemoneysupply)as

anythingthatisgenerallyacceptedinpaymentforgoodsorservicesorinthe

repaymentofdebts.

2.Currency：Onetypeofmoney：dollarbillsandcoins

3.MediumofExchange：Inalmostallmarkettransactionsinaneconomy,moneyin

theformofcurrencyorchecksisamediumofexchange;itisusedtopayfor

goodsandservices.

4.TransactionCost：Thetimespenttryingtoexchangegoodsandservicesiscalleda

transactioncost.

5.StoreofValue：Moneyalsofunctionsasastoreofvalue;itisarepositoryof

purchasingpowerovertime.Astoreofvalueisusedtosavepurchasingpower

fromthetimeincomeisreceiveduntilthetimeitisspent.

6.Liquidity：Liquidityisameasureoftheeasewithwhichanassetcanbeturned

intoameansofpayment,namelymoney.

7.Inflation：Inflationisasustainedriseinthegeneralpricelevel—thatis,theprice

ofeverythinggoesupmoreorlessatthesametime.

8.Moneyaggregates:Wehavedrawnthelineinanumberofdifferentplacesand

computedseveralmeasuresofmoney,calledthemoneyaggregates:M1,M2,and

M3.

M1=currency

currencyandvariousdepositaccountsonwhichpeoplecanwritechecks

+Traveler’schecks

+Demanddeposits

+Othercheckabledeposits

M2=M1

M2equalsallofM1plusassetsthatcannotbeuseddirectlyasameansof

paymentandaredifficulttoturnintocurrencyquickly

+Small-denominationtimedeposits

+Savingsdepositsandmoneymarketdepositaccounts

+Money