If the Fed wants to push the Federal Funds Rate up and down it goes and buys short-term government bonds.

如果联邦希望推动,联邦资金利率上升下降,它将会去买短期的政府债券。

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The CDC can buy this from the manufacturer for a lower price, and when you hear about government organizations distributing vaccines to different parts of the world, they're buying at a reduced rate but it's still not inexpensive.

疾控中心可以从工厂拿到较低价格的疫苗,当你听到,政府组织向世界各地,分发派送疫苗时,他们确实给的是折扣价,但却并不那么廉价

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The shortest term debt instrument in the United States is the Federal Funds Rate, which is an overnight rate--one day maturity-- and the longest issued by the Government is a thirty-year government bond, which will be repaid three decades in the future.

美国最短期的债券,是联邦基金利率,隔夜拆兑,一天到期,而时间最长的国债,是一种三十年期的政府债券,未来三十年才兑现

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