6. 1 The Nature of Financial Intermediation 6. 2 Depository Financial Institutions The deposit liabilities of these institutions form the cornerstones of the money supply. Generally speaking, commercial banks are the largest depository institutions

1.信用的含义 信用只借贷行为,它是以偿还和付息为条件的价值单方面让渡,是价值运动的特殊形式

3.1金融体系 1.金融体系的模式: 银行职能高度集中的金融体系 中央银行职能松散的金融体系

8.1 通货膨胀 8.2 通货紧缩

Textbook: Principles of Money, Banking and Financial Markets- 10thed( Lawrence. Ritter, William. Silber, Gregory F. Udell, Jointly Published by Pearson Education North Asia Limited and China Higher Education Press

Interest rate is the price of the money. .Interest rates are the most pervasive element in the financial market. Interest works both ways. .You earn interest when you save and you pay interest when you borrow

7.1.1 reasons of the production of central bank to unite the currency clearing the lender of last resort financial supervision

8.1 Definition of Monetary Policy Government policy concerning money and credit conditions, especially the rate of growth in the money supply and the level of interest rates

Monetary Theory is the theory which is about the economic influences of money

6.1中央银行的 1.中央银行的产生银行券的发行兑付问题,各银 产生和发展行间的债权债务清算、票据交换困 难以及银行信用危机的发生构成中央银行产生的背景