Principles of Finance · 免费预览
利率与可贷资金市场
利率是资金的租用价格，在可贷资金市场中形成：储蓄者供给资金，借款人需求资金；名义利率是报价利率，实际利率则剔除了通货膨胀的影响；观测到的利率还包含风险溢价，而风险溢价随信用风险上升而提高。
1. The rental price of money
The rental price of money
2. Nominal and real rates
Nominal and real rates
3. One economy, many rates
One economy, many rates
4. Why the base rate moves
Why the base rate moves
5. Suppliers and demanders
In the market for loanable funds, which parties supply funds and which demand them?
6. Computing the real rate
A savings account quotes a nominal rate of 6 percent while inflation runs at 2 percent. Using the simple relationship in this lesson, what is the real interest rate?
7. The risk-free rate's meaning
Why is the interest rate on short-term US Treasury borrowing called the risk-free rate?
8. Why credit cards cost most
According to the lesson, why do credit card loans carry higher interest rates than car loans to the same individuals?
9. Rising real rates and projects
Holding a project's cash flows fixed, what does a rise in the real interest rate do to its appeal?
10. Ordering the borrowers
Which ordering of borrowing rates from lowest to highest matches the lesson's risk-premium logic?
11. The simple real-rate formula
Using the simple relationship in this lesson, a nominal rate of 7 percent with 3 percent inflation gives a real rate of how many percent? Write the number.
12. The baseline rate
What two-word term names the interest rate on short-term US government borrowing, the baseline carrying essentially no credit risk? Answer in lowercase.
13. The extra charge for credit risk
What two-word term names the extra interest lenders demand above the risk-free rate to bear the chance of nonrepayment? Answer in lowercase.
14. The rental price
This lesson calls the interest rate by what three-word name, emphasizing that borrowing is renting money? Answer in lowercase.