题目内容

币值低估(devaluation)

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不可兑换货币(fiat money)

外汇控制(exchange controls)

如果利率为10%。那么明年支付15美元,以后每年支付10美元的无限期债券,它的价格应是多少?如果利率提高到15%,它的价格应该是多少?为什么? What is the price of a bond that pays$15 next year and then$10 per year indefinitely if theinterest rate is 10 percent?What would it be if the interest rate rises to 15 percent?Why?

储备一存款比率(reserve/deposit ratio)

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