1、Chapter SevenCapital Markets in the U.S.Learning objectivesAfter studying this chapter you should be able to:1.Give your definition of capital market2.Tell the purposes of capital markets3.Explain the structure of capital markets4.Tell briefly all the major trading instruments of capital markets5.Te
2、ll the chief capital market participants in the U.S.6.Make a comparison between capital markets and money markets in the U.S.NotesI.New Words1.exchange n.课文中当“交易所”讲，如：stock exchange 股票交易所，commodity exchange商品交易所2.secured a.有担保的=guaranteed,其反义词为unsecured3.collateral n.抵押品/物（英国人用collateral security或se
3、curity 表示同样意思）4.alternative a.n.两者（或两者以上）挑一的/选择5.variable a.可变的，常变的6.to preserve vt.保护7.crucial a.决定性的Notes8.entity n.法人（=legal entity）9.proceeds n.收入，实收款项10.creditor n.债权人，与debtor“债务人”相对11.to warehouse vt.储存=to store，英国人多用store 来表示同样意思12.to entitle vt.给权力（或资格）13.whereas conj.尽管14.to originate vi.发生
4、=to happen or occurNotesII.Useful and Idiomatic Expressions1.to satisfy requirements for.满足的要求/需要；达到的要求2.to raise capital for.为筹措资金3.to pay off 付清（债务或工资）4.to set aside 留出5.to fall into 可分成6.to protect against.保护以免受到的损害7.to pledge sth.as collateral/security 将用来作抵押8.over the phone 在电话上9.by contrast 相比
5、之下Main Text Definition of capital Market Purposes of Capital Markets Structure of Capital MarketsMain Text Trading Instruments of Capital Markets 1.Bonds 2.Stocks 3.Mortgages 4.FundsMain Text Participants of Capital Markets 1.The Federal and Local Governments 2.Corporations 3.HouseholdsMain Text Com
6、parison between U.S.Money Markets and Capital Markets The trading instruments are different The purposes of them are different The participants in them are different Whereas most money market transactions originate over the phone,most capital market transactions,measured by volume,occur in organized
7、 exchanges 1.What is capital market?2.What are the purposes of capital markets?3.How is capital market structured?4.Can you tell all the major trading instruments in the U.S.capital markets?5.Who are the major participants in the U.S.capital markets?6.What are the differences between capital markets and money markets?Questions for Chapter 6This is the end of Chapter 7Thank you for your attention
