Chapter 5 Money and capital markets
Chapter 5 Money and Capital Markets
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
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
o printing new dollar bills 8 borrowing: selling government securities to individuals, to banks to foreigners. etc ☆ Increasing tax
v printing new dollar bills v borrowing:selling government securities to individuals, to banks ,to foreigners,etc. v increasing tax
5.1.2 types of securities treasury bills: the shortest-term government securities with original maturities of 3 months, 6 months or one year treasury notes: securities with an original maturity of between one year and ten years treasury bonds: which may be issued with any maturity longer than ten years
5.1.2 types of securities treasury bills: the shortest-term government securities with original maturities of 3 months, 6 months or one year. treasury notes: securities with an original maturity of between one year and ten years. treasury bonds: which may be issued with any maturity longer than ten years
513 repurchase agreements(回购协议 repos The sale of securities with a commitment to buy them back at a specified date and at a specified price
5.1.3 repurchase agreements(回购协议 repos) The sale of securities with a commitment to buy them back at a specified date and at a specified price