Economy 金融英语知识介绍.pptVIP

Lesson Three We Live in a “Money Economy” vital adj. 生死攸关的；致命的 earn vt. 赚得；挣得 spend vt. 花钱 save v. 节省；储蓄 cash n. 现金，通货 currency n. 货币；流通纸币 checkbook n. （空白）支票簿 bill n. 帐单 interchangeable adj. 可交换的 interchange vt. 交换 deposit vt. 存钱：把（钱）存在银行户头上 check n. 支票 account n. 帐户 substitute n 代用品；代替物 value n. 价值 limit vt 限制或限定在一边界或范围之内 substitute for 代替 Phrases and Expressions cash money 现金 paper currency 纸币 checkbook money 支票货币 deposit…into… 把…存入 a checking account 支票帐户 in itself 本身；实质上 postage stamp 邮票 changing value 不断变化的价值 turn out 生产；制造 turns out 制作 Stable 稳定的 defer doing sth 推迟做什么事情 cut out 削减 Capacity 能力 be assigned 归功于 Pensioners 领救助金的人 Recession 经济衰退 Money is a vital part of our everyday lives.Money can be earned by working, spent on thing we need, saved for future spending or borrowed for immediate use. Money, as we know it, takes two forms: cash money which consists of coin and paper currency and checkbook money which most people use to pay many of their bills. The important thing to remember, though, is that they are interchangeable. We can deposit cash into a checking account. Or we can write a check as a substitute for代替 cash. Money in itself really is useless. But as a medium of exchange it has value. The value is what the money can buy. Here is a simple example. Ten years ago one dollar could buy: hamburger postage stamp ice cream cone ball point pen Today one dollar can buy: hamburger Ten years from now one dollar might buy more or less or the same. Strange, isn‘t it? One dollar always equals 4 quarters or 10 dimes or 20 nickels or 100 pennies. Fewer people are needed to work the Total Production Machine. As some incomes are cut out,削减 total buying is even less than before. The machine works still slower and more people are laid off. This state of economic affairs -- the imbalance between demand and supply -- is calle