金融英语名词解释.doc

Chapter 1
The international money market trades short-term claims with an original maturity of one year or less.
The international capital market trades capital market instruments with an original maturity greater than one year.
The foreign exchange market is the one where foreign currencies are bought and sold in the course of trading goods, services, and financial claims among countries.
Chapter 2
Money：Economists define money (also referred to as the money supply) as anything that is generally accepted in payment for goods or services or in the repayment of debts.
Currency：One type of money：dollar bills and coins
Medium of Exchange：In almost all market transactions in an economy, money in the form of currency or checks is a medium of exchange; it is used to pay for goods and services.
Transaction Cost：The time spent trying to exchange goods and services is called a transaction cost.
Store of Value：Money also functions as a store of value; it is a repository of purchasing power over time. A store of value is used to save purchasing power from the time income is received until the time it is spent.
Liquidity：Liquidity is a measure of the ease with which an asset can be turned into a means of payment, namely money.
Inflation：Inflation is a sustained rise in the general price level—that is, the price of everything goes up more or less at the same time.
Money