金融英语课件1.pptVIP

key sentences 1.The occurrence of a double coincidence of wants is sufficiently rare that barter exchange would leave potential gains from specialization and exchange unrealized. 双方需求一致：a double coincidence of wants Eg: A double coincidence of wants is a situation that occurs when person A wants to buy what person B is selling and person B wants to buy what person A is selling. barter（易货，易货贸易）:trade by exchange goods and services directly for other goods and services. leave sth unrealized = make sth impossible Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * 2.Money guarantees that there is always a double coincidence of wants. People with something to sell will always accept money in exchange for it, and people who want to buy will always offer money. Money acts as a lubricant that smoothes the mechanism of exchange. It lowers the costs of making transactions. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * 3. An agreed measure for stating the prices of goods and services is a unit of account. To get the most out of your budget, you have to figure out, among other things, whether seeing one more movie is worth the price you have to pay, not in dollars and cents, but in terms of the number of ice-cream cones, sodas, and cups of coffee that you have to give up. be worth the price you have to pay 物有所值 在某些情况下：in terms of = based on Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * 4.There are no stores of value that are completely safe. The value of a physical object such as a house, a car, or a work of art fluctuates over time. The value of a commodity or token used as money also fluctuates, and when there is inflation, its value persistently falls. persistently = continuously inflation: a general rise in prices brought about by a sharp increase in the amount of paper money in circulation, a demand pull, a cost push or imported inflation. Copyright ? 2010 Pearson Education, Inc. Publishing as Prenti