33.Sinceallfreemarkets,includingfinancialmarkets,usetheforcesofsupplyanddemandtodetermineprices,howdofinancialmarketsdifferfromothermarkets?(c)2001byHarcourt,Inc.Allrightsreserved.PAGE1 ANSWERKEYFORTEST-SHORT8 1.Thefinancialsystemconsistsofthosefinancialinstitutionsthathelpcoordinatethedecisionsofsaversandborrowers.The...
The financial system consists of those institutions in the economy that help to match one person’s saving with another person’s investment. As we discussed in the previous chapter, saving and investment are key ingredients to long-run economic growth: When a country saves a large portion of ...
e.g. The ninth district is comprised of (= consists of) 15 cities and towns, including Boston.第九区由包括波士顿在内的15个城镇组成。 vt. to have as parts or members, or to be those parts or members作为(成为)部分或成员 e.g. Manufacturing comprises (=make up of)14% of the state’s...
Financial assets can be classified in a number of different ways including the length of the life of the asset (maturity), the nature of the ownership (public or private), type of security (stock or bond), etc. The Financial Account consists of three components: •Direct Investment–in wh...
The physical system of electricity consists of three major parts. Generation facilities include fossil fuel plants, hydroelectric dams, and nuclear power plants. Transmission and distribution systems link the national electricity grid while controlling electricity as customers use it. Control and communicatio...
Consider, for instance, a regulatory change that consists of raising provisioning requirements for construction mortgages in storm-prone areas if construction codes are left unchanged while reducing such requirements for areas where construction codes have been updated to the latest standards. Individual ju...
The financial services sector consists of banking, investing, taxes, real estate, and insurance, all of which provide different financial services to people and corporations. Is the Financial Services Sector the Same As the Banking Sector?
Further development of China’s stock market and other financial markets is the most important task in the long term. Third, the most successful part of the financial system, in terms of supporting the growth of the overall economy, is a non-standard sector that consists of alternative ...
As with the OTC markets, the forex market is also decentralized and consists of a global network of computers and brokers worldwide. The forex market is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. ...
The pillar of the banking system consists of the biggest national banks, including the Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China (BoC), Bank of Communications (BoCom) and Agricultural Bank of China (ABC), which together form ...