finsav - O u tlin e F in a n c ia l F lo w s a n d M o n e...

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1 Financial Flows and Money Markets Economics 71a Spring 2007 Mayo, chapter 1 Lecture notes 2.1 Outline Finance fundamentals Investment characteristics Term Liquidity Return Risk States of nature Money connections Interest rates Finance Fundamentals and Functions Firms Consumers Savings Invest Payout Return Time Finance Fundamentals and Functions Firms Consumers Savings Invest Payout Return Time Intermediaries/Financial Service Firms
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2 Finance Fundamentals and Functions Consumers Consumers Savings Borrow Repay loans Return Time Intermediaries/Financial Service Firms Investment Characteristics Term Length of time Liquidity Ease of buying and selling Return Risk States of nature Money Connections Money Store of value Transaction medium Unit of account Monetary Instruments (High to Low Liquidity) Cash Debit cards Checking accounts Money market accounts Government bonds Much less liquid (Are these money?) U.S. Stocks Corporate bonds Gold
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This note was uploaded on 01/02/2012 for the course FINANCE 347 taught by Professor Bayou during the Fall '11 term at NYU.

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finsav - O u tlin e F in a n c ia l F lo w s a n d M o n e...

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