financial english 《金融英语》内容结构

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1、Chapter1(1)CommodityMoney:ismoneywhosevaluecomesfromacommodityoutofwhichitismade.(2)RepresentativeMoney:representativefull–bodiedmoneyreferstopapermoneyfullybackedbyapreciousmetal.Types(3)CreditMoney:isissuedisbasedonthecreditofitsissuerandcreditprocess.(4)Elect

2、ronicMoney:referstodepositorymoneythatisstoredandprocessedthroughcomputersystemorelectronicpaymentsystem.(1)Mediumofexchange:eliminatesandovercomesthedifficultyofbartersystem.(2)Unitofaccount:providingacommonnumericalmeasureofthevalueofgoodsandservicesexchanged.

3、Functions(3)Storevalue:havesomefunctions:savepurchasingpower,depreciateswithinflation,moreliquid,standardofdeferredpayment(1)Simpleinterest:referstointerestearnedonlyontheprincipaloftheinitialinvestment.Formula:I=PRnS=P+I=P(1+Rn)I得到的利息P本金R每年利息率n付息频率S:本息和(2)Compo

4、undinterest:Interestforpreviousperiodsisaddedtoprincipalforthecalculationofinterest.Formula:s=P(1+r)^nI=S-PMoneyInterestandInterestRateisgenerallyacceptedinthepaymentforgoodsandservicesorintherepaymentofdebt.Interestisafeepaidonborrowedassets.InterestRateInteres

5、tRatereferstotheratiooftheinterestformedduringtheperiodofborrowingandlendingtotheprincipalofthegrantedloan.(3)Nominalandrealinterestrates.Realinterestratesisapproximatelythenominalinterestrateminustheinflationrate.(4)Officialandmarketinterestrates.Theformerisset

6、bythecentralbanksormonetaryauthorities.Marketinterestrateiswhollydeterminedbythedemandandsupplyoffunds.(1)Narrowmeasureofmoney:M0andM1Includecurrencyanddemanddepositusedforeverydayexpenditures.MoneySupplyreferstothecollectionofmoneyinaneconomyincludingthevolumeo

7、fcurrencyincirculationandthevolumeofdepositsatanypointoftime.(2)Broadmeasureofmoney:M2andM3Narrowmeasureofmoneyaddstimedepositsandsavingsaccountandcertainotherfinancialassets1.Renminbiisthelegaltenderandhadnorelationtogold,noranyforeigncurrencies.2.Renminbiisthe

8、solelegalmoneyinChina.3.TheissuanceofRenminbiishighlyconcentratedandthePeople’sBankofChinaholdstherightofissuanceofRenminbi.China‘sMonetarySystemChapter2Thespotexchan