The three balances we have described are poor measures of the pressures on the international reserves held by the u.s. government . 我们以上所描述的三个差额是对美国政府持有的国际储备压力状况的粗略计算。
Low interest rates on rank deposits (often below the rate of inflation) depress saving and encourage the hold of physical assets . 银行存款的低利率（往往低于通货膨胀率）减少了储蓄，鼓励人们持有实物资产。
It must be remembered, in extenuation of this primitive young woman, that she held these opinions in an age of general darkness . 我们必须为这些幼稚无知的姑娘开脱一下，她是在一个普遍蒙昧的时代就持有这些看法了。
Stock markets also proliferated in different countries, in part because shares entitle their holders to repayment in local . 股票市场在各国也得到了迅速发展，部分原因是股票使其持有人有权获得以本国货币偿付的股息。
Some holders of money may feel that under prevailing conditions they are holding too much or too little money in relation to other assets . 某些持有货币的人感到，同其他资产相比，他们在目前条件下，持有的货币或太多或太小了。
But people who are cut off not only from foreign tourists , but even from their own countrymen can be hostile to travelers . 但是，由于他们不仅没有接触过外国旅游者，甚至和本国人也不太接触，所以这样的人对旅游家可能持有敌意。
By that time, u.s. deficits had glutted world financial markets enough that foreign governments found themselves accepting and holding more dollars than they wanted . 那时候，由美国逆差引起的美元外流充斥世界金融市场，以致外国政府发觉自己接受和持有的美元超过了它们的需要。
