... 利率期限结构 term structure of interest rate 利率水平 interest rate level 利率水准的变动 change in interest rate level ...
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The money demand is a function that describes the amount of money that is demanded in the economy at every interest rate level.
货币需求是一个描述经济体中在每个利率水平下的货币需求量的函数。
Buying them tends to push up the price; that tends to influence the yield down so it encourages a lower level of interest rate.
买进它们,导致价格上升;,导致参数降低,所以它鼓励一个低的利率水平。
Nobody can see the interest rate-- why the interest rate's at the level it is in the market-- because nobody can see all these individuals; but that's why the interest rate gets determined and is in equilibrium.
没有人能知道,为什么市场利率会是现在的结果,因为没有人能知道其他人的想法,但市场利率就是这样确定并达到均衡
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