5. 1 The Government Bond Market 5.1.1 when the government runs a deficit, it has to get the funds. There are three ways for the government to get funds
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
