Chapter 3 Financial instruments Markets and institutions
Chapter 3 Financial Instruments, Markets, and Institutions
What does the finance mean
What does the finance mean？
3. 1 flow of funds 3.1.1 the flow of funds from saver-lender to borrower-spenders saver-lender -r--borrower-spenders getting interest, Ividends Investment hc olsen business firms usiness tirms governments governments households
3.1 flow of funds 3.1.1 the flow of funds from saver-lender to borrower-spenders saver-lender-------------------------------borrower-spenders getting interest, dividends investment households business firms business firms governments governments households
3. 1.2 Two types of financing Funds flow directly through financial markets -direct finance (f 接金融、直接融资) direct securities直接证券 Funds flow indirectly through financial intermediaries -indirect finance(间接金融、间接融资) indirect securities间接证券 What advantages and disadvantages do the two types of financing possess?
3.1.2 Two types of financing Funds flow directly through financial markets -direct finance（直 接金融、直接融资） direct securities 直接证券 Funds flow indirectly through financial intermediaries -indirect finance (间接金融、间接融资） indirect securities 间接证券 What advantages and disadvantages do the two types of financing possess?
3.1.3 Advantages and disadvantages of the two types of fi Financing 1. direct finance 2. indirect finance
3.1.3 Advantages and disadvantages of the two types of financing 1. direct finance 2. indirect finance