The red line is long-term interest rates, but I won't talk more about that right now.

红色的线是长期利率,这节课不会谈论

耶鲁公开课 - 金融市场课程节选

People can't pay --they can't pay a high interest if they don't have it as a long-term loan.

如果银行不发放长期贷款,他们就不能够支付高额利息

耶鲁公开课 - 金融市场课程节选

Adjustable rate mortgages have a long term -they might last for thirty years -but the interest rate is not fixed for the whole thirty years.

可调利率抵押贷款的期限很长,也许会长达30年,但是利率在30年间并不是固定的

耶鲁公开课 - 金融市场课程节选

Even though the deposits are short-term and the depositor can get the money at any time, the depositor is earning interest of a level that can only be made on long-term loans.

即使是短期存款,存款人可以随时取走存款,存款人也可获取仅从长期贷款中,才可得到的利息水平

耶鲁公开课 - 金融市场课程节选