TAILIEUCHUNG - Lecture Money and capital markets: Chapter 18 - Peter Rose, Milton Marquis

Chapter 18 - Federal, state, and local governments operating in the financial markets. In this chapter, students will be able to examine the many important roles played by the government’s Treasury Department; to identify how the government raises new funds and how it spends the funds raised; to understand how the activities of the Treasury Department impact the money and capital markets and the economy. | Chapter 18 Federal, State, and Local Governments Operating In The Financial Markets Learning Objectives To examine the many important roles played by the government’s Treasury Department. To identify how the government raises new funds and how it spends the funds raised. To understand how the activities of the Treasury Department impact the money and capital markets and the economy. Learning Objectives To explore the various ways state, county, and city governments raise the funds needed to supply government services to the public. To be able to describe the different instruments that state and local governments use to attract money and why these instruments are attractive to millions of investors. Introduction In the United States (and many other nations), governments exist at several levels – federal or national, state, and local. The great majority of these governmental units are legally entitled to enter the money and capital markets at any time and borrow money. These .