Financial-English-金融英语教程chapter-1-money张铁军教材版本.pptx

单击此处编辑母版文本样式,第二级,第三级,第四级,单击此处编辑母版标题样式,Page,#,Financial English,金融英语,niucpfc,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.,Benefits,Financial English course will provide you with:,-,Greater confidence,when discussing financial documents and data,-Increased,verbal fluency,for face-to-face negotiations,-The confidence to produce,professional written reports,in English,-Key,financial English terminology,Requirements,Attendance,1,0,%,Daily performance,20,%,Assignment,20,%,Exam,5,0%,Total 100%,Part 1 Money,1.,Definition of Money,2.,Types,of Money,3.,Functions of Money,5.Interest and Interest Rate,6.Money Supply,7.Chinas Monetary System,Chapter 1 Money,Professional Terms,1monetary 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。,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”,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。,Professional Terms,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。,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,.,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.,It includes:1.currency,2.deposit balance,3.checking account deposits,4.saving deposits,5.time deposits,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.,But suppose money didnt exist.How would you pay for the things you want to buy?,12.1 Commodity Money,Barter,exchange goods with goods,.,Such as:Goat,stone,ox,Disadvantages of Barter,：,Deterioration,（退化）,Indivisibility,（不可分割）,Inefficient and Pro,trac,ted(,拖延的,),Double coincidence of wants,silver,gold overcame such shortcomings,12.1 Commodity Money,Definition:Commodity money or money in kind is money whose value come from a commodity out of which it is made.,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.,Full-bodied money is one of the stages of commodity money using precious metals,mostly silver and gold.,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 2-8,1.2.3 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 6-9,4.What is the money issued based on?P3,1.2.3,L10-12,1.2.4 Electronic Money,1.The definition of electronic money.P4,1.2.4,L5-6,2.The forms of electronic money.P4,1.2.4,L7-8,1.3 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.,(2)Unit of Account,Standard for measuring value,.,(3)Store of value,re,po,sitory,(贮藏室，仓库；),of purchasing power over time.,1.3.1 Medium of exchange,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 its what people buy things with and sell things for.,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.,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，都称为价值储藏。,Money is a,store of value,that can be saved for later purchases.,1.4 Interest and Interest Rate,1.The definition of interest.P5,1.4,L1-2&L11-12&L16-17,2.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,L19-22,1.4.1 Simple Interest and Compound Interest,1.Simple Interest,I=PRn,S=P+I=P(I+Rn),2.Compound Interest,S=P(I+R),n,I=S-P,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,L3-4,1.4.3 Official and Market Interest Rates,1.The definition of official interest.P71.4.3,L1,2.The definition of real interest.P7,1.4.3,L8-9,1.5 Money Supply,M0,现金,(currencypaper money and coins),M1,狭义货币供应量,=M0+,活期存款,(demand deposit),M2,广义货币供应量,=M1+,定期存款,(time deposit)+,储蓄存款,(savings deposit)+,其他存款,+,货币市场共同基金,M3=M2+,大额定期存款和期限存款,M0,现金,(currencypaper money and coins),The bills and coins that we use today are known as currency,我们今天所用的纸币和硬币通称为现金。,Deposits at banks and other financial institutions are also money because they can be converted into currency and because they are used to settle debts,在银行和其他金融机构的存款也是货币，因为它们可以变为现金和用于结清债务。,M1,狭义货币供应量,=M0+,活期存款,(demand deposit),M1 consists of currency and travelers checks plus checking deposits owned by individuals and businesses and it does not include currency held by banks,，,and it does not include currency and checking account owned by the government,M1,包括个人与企业拥有的现金和旅行支票加支票存款，,M1,不包括银行持有的现金，也不包括政府所拥有的现金和支票存款。,M2,M2 consists of M1 plus savings deposits,，,time deposits,，,money market mutual funds,，,and other,，,deposits,M2,包括,M1,加储蓄存款、定期存款、货币市场共同基金，以及其他存款。,思考题,What are the functions of money?,Which function do you think is most important?,Bye,