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

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

8.1 通货膨胀 8.2 通货紧缩

10.1 The Regulation of Markets and Institutions Financial system is one of most intensely regulated sectors of the U.S economy

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

交易媒介( medium of exchange) 货币的基本职能,提高商品和劳务的交换效率

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

1.传统的货币理论 (1)早期货币数量论 冷所有金属货币都必然处于流通之中

3.1 flow of funds 3.1.1 the flow of funds from saverlender- borrower-spenders-

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