The money markets(貨幣市場)是什么_2021年ACCA考試FM知識點
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【內容導航】
The money markets 貨幣市場
【知識點】
The money markets 貨幣市場
The money markets 貨幣市場
The money markets
The money markets are operated by the banks and other financial institutions. Although the money markets largely involve borrowing and lending by banks, some large companies, as well as the Government, are involved in money market operations.
Money markets are markets for:
Trading short-term financial instruments
Short-term lending and borrowing
Type of money markets
Inter-bank market LIBOR - London Inter-bank Offered Rate
Banks lend short-term funds to each other
Eurocurrency market (與Eurobond market區(qū)別)
Banks lend and borrow in foreign currencies.
Eurocurrency is currency which is held by individuals and institutions outside the country of issue of that currency.
For example, if a UK company borrows US$50,000 from its bank, the loan will be a ‘Eurodollar' loan.
Certificate of deposit (CD) market
Market for trading in Certificates of Deposit
(Negotiable instruments acknowledging deposits)
Local authority market
Local authorities borrow short-term funds by issuing and selling short-term debt instruments
Finance house market
Dealing in short-term loans raised from money markets by finance houses
Inter-company market
Direct short-term lending between treasury departments of large companies
凡事預則立不預則廢,ACCA考試時間越來越近,,趕快抓緊時間備考吧,。最后,預祝到家順利通過ACCA考試,。
注:以上內容來自Echo老師基礎班第5講
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