金融专业英语课件(Money)
Financial English 金融英语教程chapter 1 money-张铁军教材版本
2. Compound Interest S=P(I+R)n I=S-P
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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
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Benefits
Financial English course will provide you with:
- Greater confidence when discussing financial documents and data
- Increased verbal fluency for face-to-face negotiations
Assignment
20%
Exam
50%
Total
100%
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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
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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
金融学英文课件 (8)
• Checks are legal proof of payment. • Customers wanted them back. • Starting in 2004 • Banks can transmit digital images • Substitute checks are proof of payment • Electronic mechanisms for clearing checks have lowered costs and kept checks as an attractive means of payment.
2-12
(2) Checks
• A check is an instruction to the bank to take funds from your account and transfer them to another account.
• A check is therefore not a final payment as currency is.
The more costly it is to convert an asset into money, the less liquid it is.
•
Financial institutions use:
• Market liquidity - the ability to sell assets for money. • Funding liquidity - ability to borrow money to buy securities or make loans.
2-1
Money and How We Use It
• Money is an asset that is generally accepted as payment for goods and services or repayment of debt. • Income is a flow of earnings over time, where wealth is the value of assets minus liabilities. • Money has three characteristics: 1. A means of payment 2. A unit of account, and 3. A store of value. • The first of these characteristics is the most important
金融英语 chapter 1 money
Course Structure
• Chapter 1 Money, the Functions of Money and the Financial System • Chapter 2 The Banking system • Chapter 3 Interest Rate and Interest Rate Policies • Chapter 4 Money Market
• 铸币税（Seigniorage） • 也称为“货币税”。发行货币的组织或 国家的政府可以不需任何补偿地用纸制 货币向自己的居民换取实际经济资源， 从中攫取发行货币所产生的特定收益。 这部分由货币发行主体垄断性地享受 “通货币面价值超出生产成本”的收益， 就被定义为“铸币税”。Professional源自TermsQuestion
• 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 didn't exist. How would you pay for the things you want to buy?
• 45．fund obligation基金负担
• 基金负担或称基金总数是指当时发行在 外的基金的总量
Professional Terms
• 58．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”
金融英语课件
金融英语
• 8．The system of keeping one’s money on deposit with the goldsmith was safer than leaving money where it could be easily stolen, but it was a bit nuisance to have to visit the goldsmith each time money needed.
• 交易中介是交换所出售商品和服务时被 普遍接受的任何东西。玉米不是最终的 交换物而是最终交换物的中介。
金融英语
• 5 ． Rather than having to quote rate of exchange for each good in terms of every other good, as was the case in the barter economy, the price of everything could be measured in terms of corn.
• rate of inflation 通货膨胀率 scarce resources 稀缺资源
• social cost of funds 资 金 的 社 会 成 本 credit institution 信贷机构
• principal 资金 本金 基本财产 denomination
面值
金融英语
• 1. In any economy in which decision by individual economic units play a major role, interest rates perform several important function through which they exercise a pervasive influence over economic decision and performance, similar in scope to the influence of other economy-wide prices such as the exchange rate and the basic wage rate.
Money英语课件资料讲解
Try to come up with some relevant adjectives
• Affluent 富裕的 • Broke 没有钱的/破了产的 • Generous 慷慨的 • Hard-up 缺钱的/手头紧 • Mean 小气的 • Poor 穷的 • Prosperous 繁荣的 • Rich 富有的 • Stingy 小气的 • Wealthy有钱的 • Well off 经济上过得好
• 时间就是金钱。
• 2. Money talks. • 钱能通神。
• 3. Money isn’t everything.
• 钱不是万能的。 • 4.Money makes the mare go. • 有钱能使鬼推磨.
• 5. Money is the root of all evil．
• 金钱是万恶之源。
Unit 3 Money
Teaching Procedures
talk about money budgeting; ask for and give advice on money understand and make a budget sheet
Look at the picture and discuss: 1 Where did your money go in the first few
Reference
• 1. buy five roses to the beloved girl • 2. buy a KFC hambruger to the baby beggar • 3. provide a semester’s tuition for an orphan • 4. make a paper plane • 5. Cover a small ant • 6. Decorate the house • 7. Change it into one hundred coins; and then
PPT精品课件货币金融学7版英文课件16大学课件
2. the banks’ decisions regarding the amount of R they wish to hold, and
3. borrowers’ decisions on how much to borrow from banks.
4.Recall also that the Bank of Canada can exert more precise control over MB ( = C + R) than over R.
© 2005 Pearson Education Canada Inc.
2
The Money Supply Model
© 2005 Pearson Education Canada Inc.
4
(Continued)
To put it differently,
An in MB that goes into C is not multiplied, whereas an that goes into supporting deposits is multiplied.
Deriving Money Multiplier R = DR DR = r D R = (r D)
Adding C to both sides
R + C = MB = C + (r D)
1. Tells us amount of MB needed support D and C
2. An extra $1 of MB that arises from an extra $1 of C does not support any additional D. That is, the C component of MB does not lead to a multiple deposit creation as the R component does.
[经济学]货币金融学英文课件Lecture
![[经济学]货币金融学英文课件Lecture](https://img.taocdn.com/s3/m/25775f0ce418964bcf84b9d528ea81c758f52e87.png)
货币政策与物价
货币供应量对物价的影响。利率将如何 影响货币供给？
货币和金融政策的互动
当央行调整汇率或货币供应量，商业银 行和金融市场会如何回应？
货币市场
现金市场
发债工具：短期国库券、商业票 据和银行存款证券。
货币市场
货币市场资产：长期的国库券、 企业债券和金融工具。
资本市场
股票、期货和其他交易所交易金 融产品。
分析汇率和外汇交易如何影响国际贸易。
2
衍生工具
期权、期货等衍生品是如何影响金融市场的？
3
证券市场
通过股票、债券、REITs等投资在证券市场获得的回报。
国际金融
1 汇率风险
2 国际收支平衡
3 全球金融稳定
汇率波动会如何影响跨国 贸易境内和境外银行资产？
什么驱动着跨国收支平衡？ 国内储蓄如何影响国外贷 款？
中央银行的作用
货币印制和分发
中央银行负责发行和分发货币的全过程。
外汇储备
中央银行负责管理国家的外汇储备，用于干预汇 率。
贷款和市场干预
中央银行可以通过调整贷款利率、购买和出售证 券等方式干预市场。
资本充足率监管
中央银行通过监管来确保银行的资本充足率，从 而提高金融系统的健康度。
金融工具
1
外汇和汇率
货币金融学 : 从入门到精 通
本课件中，你将学习货币金融学的基础知识，理解货币的定义和特征，学习 如何定量宏观经济政策以及探究国际金融体系。
货币与财政政策的影响
财政政策和经济增长
2
减税和支出政策：如何影响消费和生产？
3
非常规货币政策
4
量化宽松政策、负利率和 0 利率政策： 如何应对复杂的经济情况？
金融英语Lecture 1 Money资料
金融英语L e c t u r e1M o n e yMoneyIf you can actually count your money, then you are not really a rich man.——American oil billionaire J. Paul GettyWhat is money?Economists define money as anything that is generally accepted in payment for goods or services or in the repayment of debts.Types of moneyA. Commodity moneyB. Convertible paper moneyC. Fiat money(or fiat currency):Usually paper money, is a type of currency whose only value is that a government made a fiat that the money is a legal method of exchange. Unlike commodity money or representative money it is not based in another commodity such as gold or silver and is not covered by a special reserve.D. Private debt moneyE. Electronic moneyPrivate debt moneyA loan that the borrower promises to repay in currency on demand. E.g. IOU the checkable deposit at commercial banks and other financial institutions.Commercial notes（商业票据）:Short-term, unsecured, discounted, and negotiable notes sold by one company to another in order to satisfy immediate cash needs.Include: promissory note (期票，拮据) draft (汇票) check and so on. Electronic money: Electronic Check, Internet Payment System, Credit Card ServiceWhat does money do?A. Medium of ExchangeIn almost all market transactions in our economy, money in the form of currency or checks is a medium of exchange; it is used to pay for goods and services. The use of money as a medium of exchange promotes economic efficiency by eliminating much of the time spent in exchanging goods and services.Terms: Transaction cost, Time value of moneyB. Unit of AccountThe second role of money is to provide a unit of account; that is, it is used to measure value in the economy. We measure the value of goods and services in terms of money, just as we measure weight in terms of pounds or distance in terms of miles.Note: Fiat money has not only no particular value in use; it doesn't even really have a value in exchange except that which is decreed that it would have.Terms: Good money, Bad moneyC. Store of ValueMoney also functions as a store of value: it is a repository of purchasing power over time. It is an asset. It 's something that we can use to store value away to be retrieved at a later point in time. So we can not consume today, we can hold money instead - and transfer that consumption power to some point in the future.Term: Hard currencyMeasuring Monetary Aggregates1. Measure as “money” only those assets that are most liquid, hence that function best as a medium of exchange.2. Include all financial assets in the measure of money, but weight them in proportion to their liquidity.1. M1 = Most Narrow Measure (Most Liquid)M1 = currency + traveler’s checks + demand deposits + other checkable deposits2. M2 = M1 + Less Liquid AssetsM2 = M1 + small denomination time deposits + savings deposits + money market deposit accounts + money market mutual fund shares3. M3 = M2 + Less Liquid AssetsMoney supplyThe revenue raised through the printing of money. When thegovernment prints money to finance expenditure, it increases the money supply. The increase in the money supply, in turn, causes inflation. Printing money to raise revenue is like imposing an inflation tax.To expand the money supply:The Federal Reserve buys Treasury Bonds and pays for them with new money.To reduce the money supply:The Federal Reserve sells Treasury Bonds and receives the existing dollars and then destroys them.InflationInflation is an increase in the average level of prices, and a price is the rate at which money is exchanged for a good or service.Here is a great illustration of the power of inflation:In 1970, the New York Times cost 15 cents, the median price of a single-family home was $23,400, and the average wage in manufacturing was $3.36 per hour. In 2008, the Times cost $1.50, the price of a home was $183,300, and the average wage was $19.85 per hour.Hyperinflation is defined as inflation that exceeds 50 percent per month, which is just over 1 percent a day.Questions1. Money is not unique as a store of value; any asset, be it money, stocks, bonds, land, houses, art, or jewelry, can be used to store wealth.Many such assets have advantages over money as a store of value: They often pay the owner a higher interest rate than money, experience price appreciation, and deliver services such as providing a roof over one's head. If these assets are a more desirable store of value than money, why do people hold money at all?The answer to this question relates to the important economic concept of liquidity.2. Rank the following assets from most liquid to least liquid:a.Checking account depositsb. Housesc. Currencyd. Washing machinese. Savings depositsf. Common stock3. Why have some economists described money during a hyperinflation as a “hot potato” that is quickly passed from one person to another?4. Was money a better store of value in the United States in the 1950s than it was in the 1970s? Why or why not? In which period would you have been more willing to hold money?5. In Brazil, a country that was undergoing a rapid inflation before 1994, many transactions were conducted in dollars rather than in Reals, the domestic currency. Why?Quiz1. Fiat money is:A. credit card chargesB. CoinsC. not convertible into precious metals.D. checksAnswer: C2. Which of these is not a function of money in an economy?A. Store of valueB. Medium of exchangeC. Source of incomeD. Unit of accountAnswer:C3. Which of the following is not part of M1?A. checking accountsB. traveler's checksC. savings accountsD. currencyAnswer:C4. If Mary deposits $100 of her currency in her checking account, then:A. M1 will increase by $100.B. M2 will fall by $100.C. M1 and M2 will not change.D. M2 will increase by $100. Answer:C5. If Mary moves $100 from her savings account to her checking account, then:A. M1 will not change.B. M2 will not change.C. M1 will fall by $100.D. M2 will fall by $100. Answer:B6. Which of the following is not part of M2?A. Small time depositsB. CurrencyC. Institutional money market mutual fundsD. Saving accounts Answer:C7. Inefficiencies that are created when using checks as money include:A. Checks can transfer funds slowly.B. There are too many bad checks written.C. Checkbooks can be stolen.D. Checks can be written for any amount.Answer:A8. The liquidity of an asset is:A. the ability of an asset to earn interest income.B. the amount of an asset sold at discount or premium.C. the relative ease with which an asset can be converted into a medium of exchange.D. the relative ease with which an asset can be converted into a common stock.Answer:C9. For a commodity to function effectively as money, it mustA. Be widely accepted.B. Be backed by gold or silver.C. Be indestructible.D. Be printed by the government. Answer:A10. Money supply data is generated by:A. The Department of CommerceB. The Federal Deposit Insurance Corporation (FDIC)C. The Federal Reserve System (the Fed)D. The Treasury DepartmentAnswer:C11. Which of the following correctly shows the evolution of the payments system?A. Commodity money, fiat money, checks, electronic money.B. Commodity money, fiat money, electronic money, checks.C. Commodity money, checks, fiat money, electronic money.D. Fiat money, commodity money, checks, electronic money. Answer:A12.Which of the following is true regarding money's store of value function?A. money does not allow a person to hold purchasing power from the time income is earned until it is spent.B. money is the only store of value available.C. money is the most liquid store of value available.D. money is superior to all other stores of value during periods of inflation.Answer:C13. Which of the following is not a disadvantage of electronicmoney?A. People are concerned about the privacy and security of e-money transactions.B. E-money transactions cost more than paper check transactions.C. The cost of setting up a system for processing e-money payments is high.D. E-money does not allow people to take advantage of float. Answer:B14. Wealth isA. Generally accepted for the repayment of debtsB. A flow of earnings per unit of timeC. A stock conceptD. The total collection of pieces of property that serve to store value Answer:D15. The Fed's measurements of monetary aggregatesA. Are more reliable in the short run than the long run.B. Are revised once a year.C. Does not depend on the definition of money.D. Are more reliable in the long run than the short run.Answer:D。
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足成千古恨)
Corruption、robbery、drug.
2.Core words (1)
2.Read the text and complete the sentences (1)In non-monetary society,trading
最早的金属货币是由中国铸造的，它们呈圆形，中间有一 个方孔。人们将金属铸币用绳子穿起来，随身携带。 英国最早的货币是用锡铸造的，瑞典和俄罗斯的货币是用 铜铸造的，后来各国开始用金银铸造货币。人们认为要买贵 重的商品，使用金银币也不方便。于是，人们就开始使用纸 币了。
summary
History of money
1.1 The origins and definition of money
1.Wisdom
1.A gentleman who loves money should make it by honorable means.(君子爱财，取之有道) Salary、bonus、investment. 2. A single slip may cause lasting sorrow.(一失
money in Russia. long time.
T
2. Skin, sheep, corn, cloth and rice were used as
F
3. In the Philippines, salt wasห้องสมุดไป่ตู้used as money for a
F T
4. The first metal coins were round and had a
Think and match
1.Africa 2.America 4.Australia
A. coffee bean
B. china
C. elephant tusk
D. wool
Let’s answer Decide “T” or “F”.
History of money
1. Money today is made of metal or paper.
Country China
the Philippines Africa
Things used as money in the past
shells, skin, sheep, corn, cloth and knives rice elephant tusks, monkey tails, and salt coins made of tin copper
Chapter 1
Money and Monetary System
货币和货币制度
Lead-in What kind of money do we use?
coin
paper money
Money today is made of metal and paper.
What were used as money long ago?
Click the answers to see if you are right.
Let’s learn
History of money
Other things used as money in China
jade
feather
pearl
tea
stone
salt
Let’s learn
History of money
现在，大多数货币是用金属或纸张制作的。但是你知道以 前是用什么来充当货币的吗？贝壳是最早的货币之一。此外， 在中国古代，兽皮、绵羊、玉米、棉布和刀等都曾被当作货币 使用。 在菲律宾，稻谷在很长一段时间里都充当货币。象牙、猴尾巴、 盐等在非洲部分地区也充当过货币。
Let’s read The first metal coins were made in China. They were round and had a square hole in the center. People strung them together and carried them from place to place. The first coins in England were made of tin. Sweden and Russia used copper. Later, countries began to make coins of gold and silver. But people didn’t think gold and silver were convenient if they had to buy something expensive. Then, we know that people began to use paper money.
square hole in the center.
Read and translate.
• 1.Do you know what was used as money long ago? 你知道以前是用什么来充当货币的吗？ • 2.Elephant tusks, monkey tails, and salt were used as money in Africa. 象牙、猴子尾巴和盐曾在非洲被充当为货币。 • 3. People strung them together and carried them from place to place. 人们将金属铸币用绳子穿起来，随身携带 • 4. Later, countries began to make coins of gold and silver. 后来各国开始用金银铸造货币。 • 5. But people didn’t think gold and silver were convenient if they had to buy something expensive. 人们认为要买贵重的商品，使用金银币也不方便。
The first metal coin of China
They were round and had a square hole in the center. People strung them together
Let’s discuss
History of money
Is money everything? With money we can buy a lot of things. We can buy delicous food, nice clothes,can beautiful comfortable Things money do flowers, Things money houses. can’t do Besides, we can enjoy all kinds of services. 1. It can buy delicious food 1. It can’t buy a real friend. However, every coin has two sides. There are also many and nice clothes. things that money can’t do. We can’t buy a real friend with 2. 2. money. We can’t buy a healthy body. We can’t buy a comfortable sleep. We can’t buy 3. 3.happiness. So In my opinion, money isn’t everything. ... ... What do you think of money?
England
Sweden Russia
Let’s answer
History of money
1. Where were shells used as money in history? A. In China. B. In the Philippines. C. In Africa. D. In Russia. 2. What were the first coins made of in England? A. Gold. B. Tin. C. Silver. D. Copper. 3. Why were gold and silver inconvenient if people had to buy something expensive? A. Because they were easy to steal. B. Because they were difficult for people to get. C. Because they were not easy to carry around. D. Because they themselves were expensive too.
shell
skin
corn
sheep
cloth
knife
elephant tusk
monkey tail
salt
coin made of tin
gold
silver
Let’s read The History of Money Money today is made of metal or paper. But do you know what were used as money long ago? One of the first kinds of money was shells. Besides this, skin, sheep, corn, cloth and knives were used in China. In the Philippines, rice was used as money for a long time. Elephant tusks, monkey tails, and salt were used as money in Africa.