金融英语课件.docVIP

Text 1 Definition of International: 1. Of, relating to, or involving two or more nations: an international commission; international affairs. 2. Extending across or transcending national boundaries: international fame Definition of Finance: A branch of economics concerned with resource allocation as well as resource management, acquisition and investment. Simply, finance deals with matters related to money and the markets. Background Information of Finance Old-Time 1.Economic activity began with caveman, who Was self-sufficient. He did his own hunting,found his own shelter, and provided for his own needs. 2.As primitive populations grew and developed, the principle of division of labor evolved. 3. In today抯 complex economic world, neither individual nor nations are self-sufficient. This is the foundation of world trade and economic activity. As a result of this trade and activity, international finance and banking have evolved Buzzwords become daily words. e.g.: Stock market Foreign exchange reserve外汇储备 Hot money热钱 Liquidity流动性 CPI/PPI消费价格/工业品价格指数 appreciation of RMB Manage our own personal finance Save More ways to invest our money and accumulate our own wealth Text 2 Definition and Advantages Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in that the reciprocal exchange is immediate and not delayed in time. It is usually bilateral, but may be multilateral Advantages Direct barter does not require payment in money (when money is in short supply) hence will be utilized when there is little information about the credit worthiness of trade partners or there is a lack of trust.The poor cannot afford to store their small supply of wealth in money, especially in situations where money devalues quickly Question: What is money? Anything that is widely used and fre