《货币银行学》英语课件PPT第五章 商业银行.pdfVIP

Chapter5

MoneyandCapitalMarkets

5.1TheGovernmentBondMarket

5.1.1whenthegovernmentrunsadeficit,ithastogetthe

funds.

Therearethreewaysforthegovernmenttogetfunds.

vprintingnewdollarbills

vborrowing:sellinggovernmentsecuritiestoindividuals,to

banks,toforeigners,etc.

vincreasingtax

5.1.2typesofsecurities

treasurybills:theshortest-termgovernmentsecuritieswith

originalmaturitiesof3months,6monthsoroneyear.

treasurynotes:securitieswithanoriginalmaturityofbetween

oneyearandtenyears.

trea