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1、大学金融英语 College English for Western Finance,陈庆柏 王景仙 主编,Part One,Money,Chapter One,Basics of Money,Learning objectives,After studying this chapter you should be able to: 1. Define the term of “Money” 2. Tell the reasons for studying money 3. Know the major functions of money 4. Talk about the attribut
2、es or properties of money 5. Distinguish between the chief money theories 6. Explain different types of money,Notes,I. New Words 1. POW = prisoners of war 战俘 2. runaway a. 脱离控制的 3. attribute n. 属性；特征（与property意同） 4. recognizability n. 可辨认性 5. intrinsic a. 内在的；国有的,Notes,II. Useful and Idiomatic Expre
3、ssions 1. a tract of land 一片土地=a piece of land 2. to wear out 用旧，用坏=to become unfit for further use 3. from one entity to another 从一个法律实体到另一个法律实体 4. in the form of. 以形式出现 5. to bring about 带来，造成=to cause sth. to exist 6. with the exception of. 除外 7. to convert into 兑换成 8. at a low rate of interest 以
4、低利率,Notes,III. Key Terms 1. banknotes n. 银行券 paper currency issued by a central bank （又译：钞票） 2. commercial papers 商业票据 3. medium of exchange 交换媒介 4. temporary abode of purchasing power 购买力的临时住所 5. store of value 价值储存 6. unit of account 记账单位 7. runaway inflation 失控的通胀（又称之为“恶性通货膨胀” hyperinflation）,Not
5、es,8. legal tender 法定货币，法币 9. legal process 法律手续 10. Says Law 萨伊法则 11. Milton Friedman 米尔顿弗雷德曼（美国和世界知名货币主义者who is for steady government-controlled money growth） 12. negotiable instruments 可转让票据（又译流通票据/证券） 13. near money 准货币=quasi money 14. postal orders （英）邮政汇票 15. bill of exchange（英）汇票（美语带用draft表示同
6、样意思）,Notes,16. ready money or ready cash 现金 17. danger money 危险工作补贴 18. standard money 本位货币 19. smart money 投资于有高回报工程的钱 20. safe-heaven money 币值稳定且有升值空间的钱 21. fiat money 不兑现纸币 22. token money 辅币,Main Text,Definition Narrowly speaking, money refers to coins and banknotes which are used for buying and
7、 selling goods and services. But if its defined in a broad manner, money can be other materials used as a medium of exchange such as precious metals, shells, cattles, cigarettes in POW camps . and also include commercial papers like promissory notes, treasury bills, certificate of deposits (CDs) and
8、 all other documents representing banknotes, coins and wealth.,Main Text,Why Studying Money Money is essential for the operation of any economy. It is widely used in modern society by people, governments and businesses. The size of money supply can affect the level of output of goods and services an
9、d their prices. All governments use monetary policy to influence their economies, either by increasing money supply or by decreasing it, depending on their true economic situations.,Main Text,Major Functions of Money 1. Medium of Exchange 2. Temporary Abode of Purchasing Power 3. Store of Value 4. U
10、nit of Account 5. Standard of Deferred Payment,Main Text,Attributes of Money Portability Divisibility Durability Stability Legal Tender Acceptability Transferability Recognizability,Main Text,Major Money Theories Commodity theory The theory of competitive money supply Quantity theory,Main Text,Class
11、es of Money Commodity Money Metal Money Paper Money Near Money or Quasi Money Legal Tender “Plastic Money” Ready Money or Ready Cash Hot Money,Main Text,Classes of Money Cheap Money Danger Money Standard Money Smart Money Safe-heaven Money Fiat Money Token Money Electronic Money,1. How do you define
12、 the term of “money”? 2. Why must we study money? 3. Can you tell the main functions of money? 4. What are the chief attributes of money? 5. Explain the major money theories discussed in the text. 6. How many kinds of money do you know? Name them as many as you can.,Questions for Chapter 1,This is the end of Chapter 1,Thank you for your attention,