What's essential about the Primary Dealer Credit Facility is that they're opening up the discount window of lending beyond the member bank to primary dealers.

一级交易商信贷工具中,最本质的东西是,他们将会员银行的贴现窗口,向一级交易商打开了。

耶鲁公开课 - 金融市场课程节选

So the central bank would print up notes and give it to the government and the government would start spending it on the war.

于是，中央银行会印制钞票,并将其交到政府手中,之后政府开始,将其用到战争开销中。

耶鲁公开课 - 金融市场课程节选

If you go into an investment bank and say, I want to open up a deposit, they'll say, we don't do that. So, the word bank is somewhat misleading.

如果你去投行然后说，我想开户，他们会说，投行不做这些业务，所以银行这个词有点令人误解。

耶鲁公开课 - 金融市场课程节选

Instead of setting up a central bank in the United States as was done commonly in other countries the United States instead created twelve banks; they're the twelve Federal Reserve Banks.

与在很多国家设立中央银行,不同的是,在美国,建立了十二个银行；,它们是十二个联邦储备金银行。

耶鲁公开课 - 金融市场课程节选

Other countries had set up central banks following on the Bank of England but the U.S. didn't set up a central bank; it set up a system of twelve banks and they were regional.

其他国家依照英格兰银行,建立了自己的中央银行,但是美国没有设立自己的中央银行；,美国建立了十二个银行的系统,并且这些银行是区域性的。

耶鲁公开课 - 金融市场课程节选

If you go to a savings bank, or a savings and loan, or a commercial bank and you say, I want to open up a checking account--that's a deposit; or, I want to open up a saving account--that's a deposit.

如果你去一个储蓄银行或者商业银行，去储蓄或者贷款，你说，我想开个支票账户，这就是储蓄;,或者说我先开个存款账户，这就是储蓄。

耶鲁公开课 - 金融市场课程节选