01 basic terms1

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1、Currency通货tradinginforeigncurrenciesIhadtochangemyeurosintolocalcurrency.Aweakercurrencywouldhelpourexports.Thegovernmenthasdevaluedthenationalcurrencyby29%.ThedollarroseagainstEuropeancurrenciesbutfellagainsttheJapaneseyen.ThenewcurrencywillbepeggedtotheUSdollar(=thevalueofthenew

2、currencywillbelinkedtothevalueofthedollar).Moneyandincome(U1)CurrencyPersonalfinance1Currencycommon/domestic/foreign/local/nationalcurrencyastable/strong/volatile/weakcurrencytobuy/change/exchange/sellcurrencytodevalue/depreciate/peg/propupacurrencycurrencydevaluation/fluctuation/

3、movementacurrencydealer/speculator/trader2DescribingwhathappenstocurrenciesDecidingthevalueofacurrencyManydevelopingeconomieshavetheircurrenciespeggedtothedollar.Thegovernmentallowedthepesotofloatfreely.Countriesdevaluedtheircurrenciestoencourageexports.Theyrevaluedthecurrencytore

4、flectthechangeineconomicgrowth.3DescribingwhathappenstocurrenciesIncreasesinvalueTheyenhasappreciatedaround7.5%againstthedollarsofarthisyear.TheSwissfrancisstrengtheningagainsttheeuro.4DescribingwhathappenstocurrenciesDecreasesinvalueThecentralbankcannotaffordtodefendadepreciating

5、currency.Therandweakenedby5%totheeuro.DescribingwhathappenstocurrenciesDepreciatevsappreciateDevaluevsrevalueweakenvsStrengthen5Banknote纸币Abanknote(morecommonlyknownasabillintheUnitedStatesandCanada)isakindofcurrency,andundermanyjurisdictionsareusedaslegaltender.Legaltenderorforce

6、dtenderispaymentthatcannotberefusedinsettlementofadebtbyvirtueoflaw.纸币(Banknotes)，亦称银行券、银行纸币。6Cash现金Cashusuallyreferstomoneyintheformofcurrency,suchasbillsorcoins.现金有广义和狭义之分。广义的现金包括库存现金、银行活期存款、银行本票、银行汇票、信用证存款、信用卡存款等内容。西方会计惯例所称现金即为广义的现金，与我国会计中的货币资金概念几乎一致。我国会计惯例所称现金为狭义的现金，即库存现金，是可由企

7、业任意支配使用的纸币、硬币。7Cashtohave/hold/pay/withdrawcashInbusiness,acashcowisaproductorinvestmentthatsteadilycontinuestobeprofitable.Acashdeskisaplaceinalargeshopwhereyoupayforthethingsyouwanttobuy.(BRIT;inAM,usecashier'sdesk)Acashregisterisamachineinashop,pub,orrestaurantthatisusedtoaddup

8、andrecordhowmuchmoneypeoplepay,an