flat money 金融英语典型实例.pptVIP

Fiat money / legal tender 纸币 Fiat money / legal tender不兑现货币 Fiduciary money 信用货币  Price index物价指数 Quote报价 Goldsmiths 金匠 Deposits Withdrawals Balance out 平衡 Loans 贷款 Promise of redemption 承兑 Bearer 持有人 Fractional Reserve Banking system 银行部分准备金制度 Fairly constant level 平稳的水平 Cash Loans 现金贷款 Redemption n. 偿还 Written Instruction for payment 书面付款凭证 Intermediate 中介 Commercial Paper 商业票据 Issuing bank 开证行 Commodity money how to turn to fiduciary money? Goldsmiths had a safe in which to store gold, others in the community came to rely on goldsmiths to hold their money and other valuables for safekeeping. 大家发现把实物货币放在金匠那里是一个安全的方法 任何人把金子或其他有贵重商品放在金匠那里都会准备一个保险柜,并为他们分别立帐,各个客户就在金匠处开立了他们的”户头”(Account) Loans be made The goldsmiths found that when money was held for many customers, deposits and withdrawals tended to balance out,so a pool of deposits remained in the safe at fairly(相当) constant(不变的) level. loans could be made from this pool of idle(空置的) cash. 金匠发现当客户增多了的时候,存款和取款会逐渐相抵,所以相当一部分存款会维持在一个稳定的水平上.贷款会从这些空置的现金中产生. The goldsmith could earn interest. Fiduciary money 指的是建立在信用的基础上,代替金银货币在商品交换中充当一般等价物,作为支付手段使用的各种信用证券. Fiat money is money because the government says it is money.It’s acceptable not because it is intrinsically useful or valuable but because the government requires that it be accepted in payment. Fait money is declared legal tender by the government,meaning that creditors must accept it as payment for debts. The fractional reserve banking system 银行部分准备金 For example, if the goldsmith had reserves of $10000,the reserve ratio of deposit of $20000 would Be 50 percent. The value of money is reflected by its purchasing power Bank notes 银行卷 Bank notes were pieces of paper that promised to pay the bearer a specific amount in gold when presented to the issuing bank(开证行) for redemption. Notes redeemable for gold or another valuable commodity are called fiduciary money. 这些可以被赎回变为金子或其他有价值的商品的银行劵被称为信用货币. The greater the redemption rate ,the fewer notes could be issued based on