Financial English 金融英语教程chapter 1 money-张铁军教材版本
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But suppose money didn't exist. How would you pay for the things you want to buy?
Page 13
12.1 Commodity Money
Barter
Disadvantages of Barter：
—exchange goods Deterioration（退化）
Page 14
12.1 Commodity Money
1. Definition: Commodity money or money in kind is money whose value come from a commodity out of which it is made.
2. Examples of commodities that has been used as mediums of exchange include gold, silver, copper, salt, large stones, decorated belts, shells, alcohol, cigarettes, barley, etc.
- The confidence to produce professional written reports in English
- Key financial English terminology
Page 3
Requirements
Attendance
10%
Daily performance 20%
Page 25
1.4.3 Official and Market Interest Rates
1. The definition of official interest. P7, 1.4.3, L1 2. The definition of real interest. P7, 1.4.3, L8-9
都称为价值储藏。
Money is a store of value that can be saved for later purchases.
Page 22
1.4 Interest and Interest Rate
1. The definition of interest. P5, 1.4, L1-2 & L11-12 & L16-17
Page 2
Benefits
Financial English course will provide you with:
- Greater confidence when discussing financial documents and data
- Increased verbal fluency for face-to-face negotiations
Page 5
Chapter 1 Money
Professional Terms
1．monetary area货币区 货币区是货币一体化的较高层次，它是指成员国之间的货
币建立紧密联系的地理区域。 货币区的初级阶段是固定汇率制度，包括货币局制度和美
元化的货币安排，其最高阶段 是成员国使用统一货币，如欧盟的欧元。
It includes:
1. currency
2. deposit balance
3. checking account deposits
4. saving deposits
5. time deposits
Page 12
1.2 Types of Money
Question:
When you buy a pair of jeans or a CD, for example, you never wonder whether the merchant will accept the bills and coins in your wallet as payment.
with goods.
Indivisibility（不可分割）
Such as:Goat, stone, Inefficient and
ox…
Protracted (拖延的)
Double coincidence of
wants
silver, gold overcame such shortcomings
1. Simple Interest I=PRn S=P+I=P(I+Rn)
2. Compound Interest S=P(I+R)n I=S-P
Page 24
1.4.2 Nominal and Real Interest Rates
1. The definition of nominal interest. P7, 1.4.2, L1-2 2. The definition of real interest. P7, 1.4.2, L3-4
Assignment
20%
Exam
50%
Total
100%
Page 4
Part 1 Money
1. Definition of Money 2. Types of Money 3. Functions of Money 5. Interest and Interest Rate 6. Money Supply 7. China’s Monetary System
Page 10
Professional Terms
5．neutral money中介货币 两国间进行贸易时不使用当地货币，如巴西 雷亚尔和阿根廷比索，而用美元作为中介货 币。
6．soft currency软货币 硬货币和软货币是相对而言的，软货币是指汇率不 稳定且有下降趋势的货币.
Page 11
Page 8
Professional Terms
3．money credit货币信用 信用货币是由国家法律规定的，强制流通不 以任何贵金属为基础的独立发挥货币职能的 货币。目前世界各国发行的货币，基本都属 于信用货币。 货币信用指货币的发行和流通中引起的信用 活动。
Page 9
ቤተ መጻሕፍቲ ባይዱ
Professional Terms
3. Full-bodied money is one of the stages of commodity money using precious metals, mostly silver and gold.
Page 15
1.2.2 Representative Money
1. What is representative money? P3, 1.2.2, L1-2 2. Why credit money emerged? P3, 1.2.2, L 2-8
2. The dedinition of interest rate. P6, 1.4, L9-10 3. What is the impact of interest rate on the overall
health of economy? P6, 1.4, L19-22
Page 23
1.4.1 Simple Interest and Compound Interest
Page 16
1.2.3 Credit Money
1. What is credit money? P3, 1.2.3, L1-2
2. What are the two features? P3, 1.2.3, L4-5
3. Do we need any reserves to back credit money? P3, 1.2.3, L 6-9
Page 20
1.3.2 Unit of Account
A unit account is an agreed measure for stating the prices of goods and services．
计价单位是一种双方同意的表示物品与劳务价格的衡量标准.
Money provides a standard for measuring value (unit of account), so that the worth of different goods and services can be compared.
Page 21
1.3.3 Store of value
Any commodity or token that can be held and exchanged later for goods and services is called a store of value．
任何一种可以保存并能够在以后交换物品与劳务的商品或符号，
1.1 Definition of Money
Money can be defined as any object that is generally accepted in the payment for goods and services or
in the repayment of debts.
A medium of exchange is an objective that is generally accepted in exchange for goods and services．
交换媒介是一种在物品与劳务交换中被普遍接受的东西。
Money is a medium of exchange accepted by the community, meaning it's what people buy things with and sell things for.
(2) Unit of Account — Standard for measuring value. (3) Store of value —repository( 贮藏室，仓库；) of
purchasing power over time.
Page 19
1.3.1 Medium of exchange
4. What is the money issued based on? P3, 1.2.3, L1012
Page 17
1.2.4 Electronic Money
1. The definition of electronic money. P4, 1.2.4, L5-6 2. The forms of electronic money. P4, 1.2.4, L7-8
Financial English
金融英语 niucpfc@163.com
010-52645239
Financial English courses are developed to provide you with the key skills, tools and terminology（术语） you need to operate in an ever competitive international financial environment.
4．near money准货币
准货币(quasi-money)----又叫亚货币或近似 货币，是一种以货币计值，虽不能直接用于 流通但可以随时转换成通货的资产。准货币 虽不是真正意义上的货币，但因可随时转化 为现实的货币，故对货币流通有很大影响， 是一种潜在货币。
准货币主要由银行定期存款、储蓄存款以及各种短期信用流 通工具等构成，如国库券储蓄存单、外汇券、金融卡等。
Page 7
Professional Terms
2．monetary ease银根松动 银根monetary situation 指金融市场上的资金供应。 因中国1935年法币改革以前曾采用银本位制，市场 交易一般都用白银，所以习惯上称资金供应为银根。 银根有紧松之分，判断依据是资金供需状况。如果 市场上资金供不应求，称为“银根紧俏”或“银根 紧”；市场上资金供过于求，称为“银根松疲”或“银 根松”
Page 18
1.3 Functions of Money
1. What are the most distinguished functions of money? P4, 1.3, L2-4
(1) Medium of exchange —pays for goods and
services.
Page 13
12.1 Commodity Money
Barter
Disadvantages of Barter：
—exchange goods Deterioration（退化）
Page 14
12.1 Commodity Money
1. Definition: Commodity money or money in kind is money whose value come from a commodity out of which it is made.
2. Examples of commodities that has been used as mediums of exchange include gold, silver, copper, salt, large stones, decorated belts, shells, alcohol, cigarettes, barley, etc.
- The confidence to produce professional written reports in English
- Key financial English terminology
Page 3
Requirements
Attendance
10%
Daily performance 20%
Page 25
1.4.3 Official and Market Interest Rates
1. The definition of official interest. P7, 1.4.3, L1 2. The definition of real interest. P7, 1.4.3, L8-9
都称为价值储藏。
Money is a store of value that can be saved for later purchases.
Page 22
1.4 Interest and Interest Rate
1. The definition of interest. P5, 1.4, L1-2 & L11-12 & L16-17
Page 2
Benefits
Financial English course will provide you with:
- Greater confidence when discussing financial documents and data
- Increased verbal fluency for face-to-face negotiations
Page 5
Chapter 1 Money
Professional Terms
1．monetary area货币区 货币区是货币一体化的较高层次，它是指成员国之间的货
币建立紧密联系的地理区域。 货币区的初级阶段是固定汇率制度，包括货币局制度和美
元化的货币安排，其最高阶段 是成员国使用统一货币，如欧盟的欧元。
It includes:
1. currency
2. deposit balance
3. checking account deposits
4. saving deposits
5. time deposits
Page 12
1.2 Types of Money
Question:
When you buy a pair of jeans or a CD, for example, you never wonder whether the merchant will accept the bills and coins in your wallet as payment.
with goods.
Indivisibility（不可分割）
Such as:Goat, stone, Inefficient and
ox…
Protracted (拖延的)
Double coincidence of
wants
silver, gold overcame such shortcomings
1. Simple Interest I=PRn S=P+I=P(I+Rn)
2. Compound Interest S=P(I+R)n I=S-P
Page 24
1.4.2 Nominal and Real Interest Rates
1. The definition of nominal interest. P7, 1.4.2, L1-2 2. The definition of real interest. P7, 1.4.2, L3-4
Assignment
20%
Exam
50%
Total
100%
Page 4
Part 1 Money
1. Definition of Money 2. Types of Money 3. Functions of Money 5. Interest and Interest Rate 6. Money Supply 7. China’s Monetary System
Page 10
Professional Terms
5．neutral money中介货币 两国间进行贸易时不使用当地货币，如巴西 雷亚尔和阿根廷比索，而用美元作为中介货 币。
6．soft currency软货币 硬货币和软货币是相对而言的，软货币是指汇率不 稳定且有下降趋势的货币.
Page 11
Page 8
Professional Terms
3．money credit货币信用 信用货币是由国家法律规定的，强制流通不 以任何贵金属为基础的独立发挥货币职能的 货币。目前世界各国发行的货币，基本都属 于信用货币。 货币信用指货币的发行和流通中引起的信用 活动。
Page 9
ቤተ መጻሕፍቲ ባይዱ
Professional Terms
3. Full-bodied money is one of the stages of commodity money using precious metals, mostly silver and gold.
Page 15
1.2.2 Representative Money
1. What is representative money? P3, 1.2.2, L1-2 2. Why credit money emerged? P3, 1.2.2, L 2-8
2. The dedinition of interest rate. P6, 1.4, L9-10 3. What is the impact of interest rate on the overall
health of economy? P6, 1.4, L19-22
Page 23
1.4.1 Simple Interest and Compound Interest
Page 16
1.2.3 Credit Money
1. What is credit money? P3, 1.2.3, L1-2
2. What are the two features? P3, 1.2.3, L4-5
3. Do we need any reserves to back credit money? P3, 1.2.3, L 6-9
Page 20
1.3.2 Unit of Account
A unit account is an agreed measure for stating the prices of goods and services．
计价单位是一种双方同意的表示物品与劳务价格的衡量标准.
Money provides a standard for measuring value (unit of account), so that the worth of different goods and services can be compared.
Page 21
1.3.3 Store of value
Any commodity or token that can be held and exchanged later for goods and services is called a store of value．
任何一种可以保存并能够在以后交换物品与劳务的商品或符号，
1.1 Definition of Money
Money can be defined as any object that is generally accepted in the payment for goods and services or
in the repayment of debts.
A medium of exchange is an objective that is generally accepted in exchange for goods and services．
交换媒介是一种在物品与劳务交换中被普遍接受的东西。
Money is a medium of exchange accepted by the community, meaning it's what people buy things with and sell things for.
(2) Unit of Account — Standard for measuring value. (3) Store of value —repository( 贮藏室，仓库；) of
purchasing power over time.
Page 19
1.3.1 Medium of exchange
4. What is the money issued based on? P3, 1.2.3, L1012
Page 17
1.2.4 Electronic Money
1. The definition of electronic money. P4, 1.2.4, L5-6 2. The forms of electronic money. P4, 1.2.4, L7-8
Financial English
金融英语 niucpfc@163.com
010-52645239
Financial English courses are developed to provide you with the key skills, tools and terminology（术语） you need to operate in an ever competitive international financial environment.
4．near money准货币
准货币(quasi-money)----又叫亚货币或近似 货币，是一种以货币计值，虽不能直接用于 流通但可以随时转换成通货的资产。准货币 虽不是真正意义上的货币，但因可随时转化 为现实的货币，故对货币流通有很大影响， 是一种潜在货币。
准货币主要由银行定期存款、储蓄存款以及各种短期信用流 通工具等构成，如国库券储蓄存单、外汇券、金融卡等。
Page 7
Professional Terms
2．monetary ease银根松动 银根monetary situation 指金融市场上的资金供应。 因中国1935年法币改革以前曾采用银本位制，市场 交易一般都用白银，所以习惯上称资金供应为银根。 银根有紧松之分，判断依据是资金供需状况。如果 市场上资金供不应求，称为“银根紧俏”或“银根 紧”；市场上资金供过于求，称为“银根松疲”或“银 根松”
Page 18
1.3 Functions of Money
1. What are the most distinguished functions of money? P4, 1.3, L2-4
(1) Medium of exchange —pays for goods and
services.