Hangzhou bus center station to Wulin Square
Publish: 2021-05-16 14:17:14
1. < P > < / UL >
Subway Line 1
36 minutes (13.5km) | walk 600 meters | 5 yuan
< UL >short time
boarding station Wulin Square
start
Wulin Square (subway station)
subway line 1 (Linping direction)
Wulin Guangchang boarding
passenger transport Center (exit b)
boarding station: 06:07 end: 23:16 about 8 minutes /Go to 9 stations
walk 600 meters to the terminal (about 9 minutes)
end
Hangzhou bus passenger transport center station
2. Charge money, advertising expenses.
3.
MT4 trading platform is actually MT4 software. There are three ways to download software
1. Web page (
)
2. It can be downloaded from the mobile terminal, and Apple Mobile can be downloaded from the app store
3. If someone has downloaded a good software installation package, they can also directly come to install it. After installation, you need to select the platform you want to do before you can log in and use it< br />
4.
5. Investors can go to http://mt4 . m1 xinclo XYZ /) for MT4 platform download, you can also get the download link from foreign exchange brokers.
6. There are still many MT4 trading platforms in China, but it's better to choose a large platform, so that the capital is safe. For example, t3trader platform, as far as I know, belongs to MT4 trading platform, which is stable and transparent in information. Every trading experience is quite good.. You are welcome to accept my answer
7. How to understand the impact of electronic payment on monetary policy<
(
1
) impact on the intermediary of monetary policy
the rapid development of electronic payment makes it difficult to measure the intermediary indicators such as base money,
excess reserve,
money supply,
interest rate,
,
especially the supply of currency<
1
,
impact on the base currency and excess reserves
in the case of
the central bank has no special courage,
the total amount of bank reserves will be in a downward trend< At the same time,
e to the substitution effect of electronic payment,
the currency in circulation will decrease,
therefore, the base currency will also show a downward trend< However, the use of e-cash will speed up the circulation of money and rece the measurability of money<
3.
impact on money supply
the issuance of e-money expands the main body of money supply,
increases the money ratio,
makes money supply break away from the control of the central bank to a certain extent,
so that the older the money supply, the more serious the internal control of the economic system and the thin market control
4
the impact on interest rate
the impact of e-money on the reserve and reserve of the central bank has reced the scale of assets and liabilities of the central bank and made it more difficult to control the interest rate in Beijing and Hangzhou. If you want to raise the interest rate,
you need to raise the interest rate to buy e-money,
in order to raise the interest rate,
if you want to lower the interest rate,
you can only sell it at a low price, which will increase the cost of the central bank in the next process<
(
2
) impact on the effectiveness of monetary policy
payment system is closely related to the implementation of central bank's monetary policy, which can be reflected in several aspects:
1
) impact of payment system delay on money supply: the existence of payment system delay seriously affects the efficiency of payment system, At the same time, it makes the total reserve level of the banking system fluctuate and interferes with the effectiveness of the implementation of the central bank's monetary policy
financial channel applies for certification< The stability of the payment system has an impact on the monetary policy of the central bank: the stability of the system has an impact on the implementation of monetary policy, and the stability of the system has an impact on the effectiveness of the central bank's regulation of short-term interest rates through open market operations<
3
) the influence of the substitution effect of electronic payment on the monetary policy of the central bank: the development of electronic payment will graally weaken people's demand for
currency in circulation< On the other hand,
in order to achieve a certain purpose,
to implement the monetary policy of expansion or contraction,
the interest rate level is greatly adjusted,
will have a huge impact on the whole macro-economy,
cause macro-economy to bear greater risks
2.
talk about the impact of electronic payment on monetary policy intermediary indicators
the rapid development of electronic payment makes it difficult to measure such intermediary indicators as base money,
excess reserve,
money supply,
interest rate, In particular, the money supply has become more difficult to control<
(
1
) the impact of e-money on the base money and excess reserves
the reserve of commercial banks in the central bank can be divided into two parts,
the legal reserve ratio is completely determined by the central bank,
and the excess reserve ratio is not only determined by the central bank,
but also related to commercial banks<
the development of electronic payment will greatly promote the development of credit currency,
rece the provision for payment,
therefore, the excess reserve ratio will have a decreasing trend,
on the other hand,
on the one hand,
the substitution of electronic payment for cash will rece the scale of the central bank's balance sheet,
it may cause the total reserve of commercial banks in the central bank to be in a downward trend< At the same time,
e to the substitution of electronic payment,
the currency in circulation will decrease,
and the base currency is composed of the currency in circulation and the total amount of bank reserve, so the base currency also shows a downward trend<
in the balance sheet,
the biggest liability of the central bank is the currency in circulation,
the development of electronic payment will rece the currency in circulation, thus recing the scale of the balance sheet. The central bank generally adjusts the money supply through open market operation,
the reced scale of assets and liabilities will increase the difficulty of adjustment, Difficulties may arise e to insufficient assets<
(
2
) the impact of e-payment on money multiplier
with the rapid development of e-payment, the use of e-payment and e-payment tools will become more and more convenient and popular,
and the credit function provided by e-money can not be replaced by cash,
all these increase people's desire to hold e-money, Therefore, the ratio of cash to deposit will be declining
the credit function of e-money will rece the demand for demand deposits,
in order to obtain more interest income,
people choose more time deposits,
so that the ratio of time deposits to demand deposits is on the rise. The legal reserve ratio is a constant or slightly rising,
the excess reserve ratio should decrease slightly,
the interaction of these factors,
the money multiplier will not change much in the short term,
but the use of e-cash will speed up the circulation of currency, It reces the measurability of money
(
3
) the impact of electronic payment on the total amount of money supply
electronic payment reces the cash in circulation,
directly affects the quantity of the central bank's base money,
and has a huge impact on the money supply through the money multiplier
especially on
M1
. Under the modern banking system, deposits are generated through the re creation of basic money,
money supply is equal to the proct of basic money and money multiplier
the base currency is equal to the circulation of goods and the deposits of commercial banks in the central bank,
that is, the amount of reserves of commercial banks in the central bank,
the substitution effect of electronic payment on currency in circulation will be affected by three ways:
:
1
) because of the decrease of currency in circulation
M1
<
2
) by changing the reserve amount of commercial banks in the central bank<
3
) has an impact on
M1
through monetary multiplier
money supply can be expressed as follows:
m
=
b
×< br />1
＋
k
/[(r e)(1 k) k]=B
×
m
R
is the statutory reserve ratio,
e
is the excess reserve ratio,
T
is the ratio of time deposit to current deposit,
k
is the ratio of cash to deposit<
in the short term, when the money multiplier changes little,
the base money decreases,
and through the role of money multiplier,
the money supply will be greatly reced< However, in the long run, the competition among banks will be intensified and the excess reserves will be reced< However, the decreasing cash flow in Tongzhong will greatly rece the ratio of cash to deposit, thus increasing the money multiplier. Therefore, even if the basic money decreases, the multiplier effect of increasing the multiplier will make the money supply change little or increase slightly<
the issuance of e-money expands the main body of money supply,
increases the money multiplier,
has an impact on the real money supply,
makes the money supply out of the control of the central bank to a certain extent,
makes the money supply more and more dominated by the internal factors of the economic system,
by the market factors< The increase of endogeneity of money supply challenges the monetary policy of the central bank, and requires the reform and improvement of the monetary policy and money supply system of the central bank<
(
4
) the effect of e-payment on interest rate
the substitution of e-money makes the base money decrease,
but it has no direct effect on interest rate itself,
only the change of interest rate
is more sensitive
3.
what is the impact of e-money on the implementation of monetary policy<
payment system has a close relationship with the implementation of central bank's monetary policy, which can be reflected in the following aspects:
(
1
) the impact of payment system delay on money supply<
payment system delay refers to the accounting benefits generated by the non synchronous processing of bank accounts of both parties in the payment order processing process< On the one hand, the delay of payment system causes the change of economic interests of economic actors, which affects people's confidence in the banking system< On the other hand,
seriously affects the efficiency of the payment system,
at the same time, it also makes the level of the total reserves of the banking system fluctuate,
interferes with the effectiveness of the implementation of the central bank's monetary policy< The delay of payment system is valuable,
therefore,
leads to people's choice of payment instruments,
distorts the payment process,
reces the efficiency of payment system< To a large extent, the realization of electronic payment is influenced by this kind of human factors,
greatly reces the delay of payment system,
is concive to the implementation of monetary policy
(
2
) the impact of payment system stability on the central bank's monetary policy<
the stability of payment system has an impact on the implementation of monetary policy, especially on the effectiveness of central bank's regulation of short-term interest rate through open market operation, and has a significant impact on monetary policy
(
3
) the impact of electronic payment substitution on the central bank's monetary policy<
the development of electronic payment will graally weaken people's demand for currency in circulation,
rece the proportion of currency in broad money and financial assets,
make the effectiveness of monetary policy focusing only on the base currency inevitably greatly reced
the fluctuation of public demand for money increases the elasticity of interest rate, so the effect of the monetary policy transmission mechanism of influencing interest rate through money supply is greatly reced< On the one hand,
it is difficult for the central bank to make an accurate judgment of money demand< On the other hand,
to achieve a certain goal,
travel to expand or
tighten the goods
(
1
) impact on the intermediary of monetary policy
the rapid development of electronic payment makes it difficult to measure the intermediary indicators such as base money,
excess reserve,
money supply,
interest rate,
,
especially the supply of currency<
1
,
impact on the base currency and excess reserves
in the case of
the central bank has no special courage,
the total amount of bank reserves will be in a downward trend< At the same time,
e to the substitution effect of electronic payment,
the currency in circulation will decrease,
therefore, the base currency will also show a downward trend< However, the use of e-cash will speed up the circulation of money and rece the measurability of money<
3.
impact on money supply
the issuance of e-money expands the main body of money supply,
increases the money ratio,
makes money supply break away from the control of the central bank to a certain extent,
so that the older the money supply, the more serious the internal control of the economic system and the thin market control
4
the impact on interest rate
the impact of e-money on the reserve and reserve of the central bank has reced the scale of assets and liabilities of the central bank and made it more difficult to control the interest rate in Beijing and Hangzhou. If you want to raise the interest rate,
you need to raise the interest rate to buy e-money,
in order to raise the interest rate,
if you want to lower the interest rate,
you can only sell it at a low price, which will increase the cost of the central bank in the next process<
(
2
) impact on the effectiveness of monetary policy
payment system is closely related to the implementation of central bank's monetary policy, which can be reflected in several aspects:
1
) impact of payment system delay on money supply: the existence of payment system delay seriously affects the efficiency of payment system, At the same time, it makes the total reserve level of the banking system fluctuate and interferes with the effectiveness of the implementation of the central bank's monetary policy
financial channel applies for certification< The stability of the payment system has an impact on the monetary policy of the central bank: the stability of the system has an impact on the implementation of monetary policy, and the stability of the system has an impact on the effectiveness of the central bank's regulation of short-term interest rates through open market operations<
3
) the influence of the substitution effect of electronic payment on the monetary policy of the central bank: the development of electronic payment will graally weaken people's demand for
currency in circulation< On the other hand,
in order to achieve a certain purpose,
to implement the monetary policy of expansion or contraction,
the interest rate level is greatly adjusted,
will have a huge impact on the whole macro-economy,
cause macro-economy to bear greater risks
2.
talk about the impact of electronic payment on monetary policy intermediary indicators
the rapid development of electronic payment makes it difficult to measure such intermediary indicators as base money,
excess reserve,
money supply,
interest rate, In particular, the money supply has become more difficult to control<
(
1
) the impact of e-money on the base money and excess reserves
the reserve of commercial banks in the central bank can be divided into two parts,
the legal reserve ratio is completely determined by the central bank,
and the excess reserve ratio is not only determined by the central bank,
but also related to commercial banks<
the development of electronic payment will greatly promote the development of credit currency,
rece the provision for payment,
therefore, the excess reserve ratio will have a decreasing trend,
on the other hand,
on the one hand,
the substitution of electronic payment for cash will rece the scale of the central bank's balance sheet,
it may cause the total reserve of commercial banks in the central bank to be in a downward trend< At the same time,
e to the substitution of electronic payment,
the currency in circulation will decrease,
and the base currency is composed of the currency in circulation and the total amount of bank reserve, so the base currency also shows a downward trend<
in the balance sheet,
the biggest liability of the central bank is the currency in circulation,
the development of electronic payment will rece the currency in circulation, thus recing the scale of the balance sheet. The central bank generally adjusts the money supply through open market operation,
the reced scale of assets and liabilities will increase the difficulty of adjustment, Difficulties may arise e to insufficient assets<
(
2
) the impact of e-payment on money multiplier
with the rapid development of e-payment, the use of e-payment and e-payment tools will become more and more convenient and popular,
and the credit function provided by e-money can not be replaced by cash,
all these increase people's desire to hold e-money, Therefore, the ratio of cash to deposit will be declining
the credit function of e-money will rece the demand for demand deposits,
in order to obtain more interest income,
people choose more time deposits,
so that the ratio of time deposits to demand deposits is on the rise. The legal reserve ratio is a constant or slightly rising,
the excess reserve ratio should decrease slightly,
the interaction of these factors,
the money multiplier will not change much in the short term,
but the use of e-cash will speed up the circulation of currency, It reces the measurability of money
(
3
) the impact of electronic payment on the total amount of money supply
electronic payment reces the cash in circulation,
directly affects the quantity of the central bank's base money,
and has a huge impact on the money supply through the money multiplier
especially on
M1
. Under the modern banking system, deposits are generated through the re creation of basic money,
money supply is equal to the proct of basic money and money multiplier
the base currency is equal to the circulation of goods and the deposits of commercial banks in the central bank,
that is, the amount of reserves of commercial banks in the central bank,
the substitution effect of electronic payment on currency in circulation will be affected by three ways:
:
1
) because of the decrease of currency in circulation
M1
<
2
) by changing the reserve amount of commercial banks in the central bank<
3
) has an impact on
M1
through monetary multiplier
money supply can be expressed as follows:
m
=
b
×< br />1
＋
k
/[(r e)(1 k) k]=B
×
m
R
is the statutory reserve ratio,
e
is the excess reserve ratio,
T
is the ratio of time deposit to current deposit,
k
is the ratio of cash to deposit<
in the short term, when the money multiplier changes little,
the base money decreases,
and through the role of money multiplier,
the money supply will be greatly reced< However, in the long run, the competition among banks will be intensified and the excess reserves will be reced< However, the decreasing cash flow in Tongzhong will greatly rece the ratio of cash to deposit, thus increasing the money multiplier. Therefore, even if the basic money decreases, the multiplier effect of increasing the multiplier will make the money supply change little or increase slightly<
the issuance of e-money expands the main body of money supply,
increases the money multiplier,
has an impact on the real money supply,
makes the money supply out of the control of the central bank to a certain extent,
makes the money supply more and more dominated by the internal factors of the economic system,
by the market factors< The increase of endogeneity of money supply challenges the monetary policy of the central bank, and requires the reform and improvement of the monetary policy and money supply system of the central bank<
(
4
) the effect of e-payment on interest rate
the substitution of e-money makes the base money decrease,
but it has no direct effect on interest rate itself,
only the change of interest rate
is more sensitive
3.
what is the impact of e-money on the implementation of monetary policy<
payment system has a close relationship with the implementation of central bank's monetary policy, which can be reflected in the following aspects:
(
1
) the impact of payment system delay on money supply<
payment system delay refers to the accounting benefits generated by the non synchronous processing of bank accounts of both parties in the payment order processing process< On the one hand, the delay of payment system causes the change of economic interests of economic actors, which affects people's confidence in the banking system< On the other hand,
seriously affects the efficiency of the payment system,
at the same time, it also makes the level of the total reserves of the banking system fluctuate,
interferes with the effectiveness of the implementation of the central bank's monetary policy< The delay of payment system is valuable,
therefore,
leads to people's choice of payment instruments,
distorts the payment process,
reces the efficiency of payment system< To a large extent, the realization of electronic payment is influenced by this kind of human factors,
greatly reces the delay of payment system,
is concive to the implementation of monetary policy
(
2
) the impact of payment system stability on the central bank's monetary policy<
the stability of payment system has an impact on the implementation of monetary policy, especially on the effectiveness of central bank's regulation of short-term interest rate through open market operation, and has a significant impact on monetary policy
(
3
) the impact of electronic payment substitution on the central bank's monetary policy<
the development of electronic payment will graally weaken people's demand for currency in circulation,
rece the proportion of currency in broad money and financial assets,
make the effectiveness of monetary policy focusing only on the base currency inevitably greatly reced
the fluctuation of public demand for money increases the elasticity of interest rate, so the effect of the monetary policy transmission mechanism of influencing interest rate through money supply is greatly reced< On the one hand,
it is difficult for the central bank to make an accurate judgment of money demand< On the other hand,
to achieve a certain goal,
travel to expand or
tighten the goods
8. Online payment has a greater impact on monetary policy
because the issuance and use of e-money, on the one hand, has changed people's living habits and payment methods, on the other hand, has brought unprecedented challenges to the traditional money market, especially the impact on the effectiveness of money supply and monetary policy.
because the issuance and use of e-money, on the one hand, has changed people's living habits and payment methods, on the other hand, has brought unprecedented challenges to the traditional money market, especially the impact on the effectiveness of money supply and monetary policy.
9. Gold is basically closely related to the US dollar. At present, the US dollar is picking up and gold is bearish. Europe's monetary easing policy should be able to pull the dollar back and gold will continue to be bearish. On behalf of my own opinion only, I am not responsible for this opinion...
10.
bus line: Metro Line 1, the whole journey is about 12.8km
1. Walk about 250m from Hangzhou bus passenger transport center station to the passenger transport center station
2. Take Metro Line 1, after 9 stops, to Wulin Square Station
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