financial institution 金融机构
savings deposit 储蓄存款
It's necessary to guard against financial crisis during prosperous period.
The company successfully defused the financial risk this time.
The volatility of financial markets has declined.
The government interrupted to expedite the reform of the financial system.
The company is a financial magnate.
He failed to meet a financial obligation.
The international financial market is shaky.
A: I have no conception of finance. Can you tell me some details?
B: Sure. The narrow definition of it is that finance is the microscopic operating mechanism in capital market. However the broad definition is that finance is the generic term of financial activities related to currency, credit and financial institution.
A: It's still abstract to me. What are the categories of finance?
B: Issuing currency, enterprise or personal savings deposit, issuing loans,exchanging in the international currency market, insurance and thelike are all the categories of finance.
A: When raising capital, does it need intermediations, such as banks?
B: It depends. If the funds deficit unit raises capital through no intermediations, it's called direct finance. Otherwise, it's called indirect finance.
A: In this way, it strengthens international financial connection and communication, right?
A: I think I have known better about finance. Thanks.
B: You're welcome.