,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,*,*,Chapter Five,Overview,Learning objectives,After studying this chapter you should be able to:,1.Know how to define a financial market,2.Tell the major functions performed by financial markets,3.Explain why we must study financial markets,4.Know the ways of classifying financial markets,Notes,I.New Words,1.surplus funds 多余的资金,2.overall a.整个的，包括一切的,3.welfare n.福利如：state 福利国家,4.unique a.独一无二的,5.acquisition n.收购如对公司的收购,6.clear-cut a.明确的,Notes,7.loanable a.可借出的,modities n.(一般指大宗出售的)商品如小麦、玉米、金属=thing sold in very large quantities,esp.raw materials and food,such as metals or corn.,9.initial a.最初的，起初的,10.previously-issued 早先发行的；过去发行的,11.finance n.文中当“资金用=fund,12.to canalize vt.将引入,Notes,II.Useful and Idiomatic Expressions,1.to chanel funds from.to.将资金从引向此处channel=move,2.to obtain funds from.从获得资金,3.to keep sth.down 使下降,4.to limit sth.to.将限制在,5.be divided into.分成=be split into.,6.be distinct from.与有明显不同=be clearly different from.,Notes,III.Key Terms,mon stock 美普通股相当于英式ordinary share,2.preferred stock 美优先股相当于英式 preference share,3.securities markets 证券市场,4.mortgage market 抵押市场,5.discount market 贴现市场,6.inter-bank market 银行间市场,7.derivatives markets (金融)衍生产品市场,8.primary market 初级市场,9.secondary market 二级市场,10.fixed investment 固定投资,Main,Text,Definition of Financial Markets,They refer to markets where financial contracts,debt contracts of all kinds,stocks(both common stocks and preferred stocks).are bought and sold;,They refer to markets in which funds are transferred from people who have an excess of available funds to those who have a shortage.,Main,Text,Function of Financial Markets,Reasons for Studying Financial Markets,Main,Text,Classification of Financial Markets,1.By the From of Financial Assets,2.By the Term of the Financial Transactions,3.By Trading Place,4.By Delivery Time,5.By Transaction Procedure,6.From a Companys Point of View,1.Do you know how to define financial markets?,2.What roles do financial markets play?,3.What reason can you give for studying financial markets?,4.How do you classify financial markets?,Questions for Chapter 5,This is the end of Chapter 5,Thank you for your attention,