用可贷资金来表示，情况会是怎样呢？
What does this situation look like in terms of loanable funds?
更高的实际利率鼓励人们储蓄并提高可贷资金供给的数量。
A higher real interest rate encourages people to save and raises the quantity of loanable funds supplied.
换句话说，可贷资金的利率不可能低于零，因为持有现金的回报率都可以为零。
In other words, the interest rate on loanable funds cannot fall below zero because holding cash guarantees a rate of return of zero.
说明可贷资金市场与外汇市场的供给与需求，这两个市场如何联系？
Describe supply and demand in the market for loanable funds and the market for foreign-currency exchange. How are these markets linked?
这就是出现在几乎每一本教科书里的利率的“可贷资金”模型，我写的书也不例外。
This is the “loanable funds” model of the interest rate, which is in every textbook, mine included. It looks like this
例如，在新古典利率理论中，利率被认为是由可贷资金的供给和需求决定的。
In neoclassical interest-rate theory for instance, the interest rate is believed to be determined by the supply of and demand for loanable funds.
只要对可贷资金的需求出现急剧下降，流动性陷阱就会发生——这正是大萧条期间所发生的事情。
A liquidity trap can occur whenever there is a sharp reduction in demand for loanable funds-which is exactly what happened during the Great Depression.
债券价格的决定理论主要有古典利率理论、流动偏好理论、可贷资金理论和理性预期理论。
Theories on bond pricing include classical interest rate theory, liquidity preference theory, loanable fund theory and reasonable expectation theory.
本周四，中国的银行再次提高准备金率，这已经是今年的第三次提高准备金率了，这次的目的仍然是通过减少可贷资金的数量来抑制投资热。
China told Banks Thursday to increase their reserves for the third time this year, cutting the amount of money available for lending in a new effort to cool an investment boom.
本周四，中国的银行再次提高准备金率，这已经是今年的第三次提高准备金率了，这次的目的仍然是通过减少可贷资金的数量来抑制投资热。
China told Banks Thursday to increase their reserves for the third time this year, cutting the amount of money available for lending in a new effort to cool an investment boom.
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