英语学习金融英语.pptx

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1、会计学1英语学习金融英语英语学习金融英语Unit Two Part A The Fractional Reserve 第1页/共41页n n教学目的与要求（教学目的与要求（Teaching targetsTeaching targets）：n nhelp students get some knowledge about the Fractional Reserve help students get some knowledge about the Fractional Reserve and the important function of the fractional reserve

2、deposit and the important function of the fractional reserve deposit money expansion activities in the banking system;study some money expansion activities in the banking system;study some specialized words and expressions related to the fractional reserve specialized words and expressions related t

3、o the fractional reserve deposit money expansion activities;some new basic English deposit money expansion activities;some new basic English vocabulary vocabulary n n教学重难点教学重难点(Emphases and difficult points(Emphases and difficult points）n nsome important vocabulary:fractional reserve,minimal,enforce

4、d,some important vocabulary:fractional reserve,minimal,enforced,assume,deduct,rein in,call in,reserve requirement,conversely,assume,deduct,rein in,call in,reserve requirement,conversely,fractional reserve,fractional reserve,deposit money expansion fractional reserve,fractional reserve,deposit money

5、expansion activities,fractional reserve ratio,reserve requirement,money activities,fractional reserve ratio,reserve requirement,money supplysupply；第2页/共41页Background knowledge n na a1 1(1-q(1-qn n)a a1 1 1000 1000 10001000n n1.1.lim -=-=-=-lim -=-=-=-n nn 1-q n 1-q 1-q 1-q 1-0.88 0.121-0.88 0.12n n2

6、.2.fractional fractional reservereserve（部部 分分 准准 备备 金金）：Under Under the the commercial commercial banking banking system,system,the the central central bank bank must must retain retain a a part part from from the the deposits deposits as as the the fractional fractional reserve reserve according ac

7、cording to to the the strictly strictly enforced enforced government government regulations,regulations,and and the the rest rest deposits deposits in in the the commercial commercial banks can be lent out.banks can be lent out.第3页/共41页Padeposits$1000B1$120Loan out$880PbDeposite$880 B2Central bankCe

8、ntral bankPcSet outLoan out第4页/共41页introduction to the knowledge with English sentencesn n1.Lets assume the fractional reserve ratio is 12%.Person A comes to deposit$1000 in Bank 1.n n2.Bank 1 sets out$120 as a reserve and deposits in the central bank.n n3.Bank 1 is free to lend out$880,which is all

9、 borrowed by Person B.第5页/共41页introduction to the knowledge with English sentencesn n4.Person B deposits the$880 in Bank 2,and Bank 2 will deposit 12%of 4.Person B deposits the$880 in Bank 2,and Bank 2 will deposit 12%of the$880($105.6)in the central bank again as a reserve.the$880($105.6)in the cen

10、tral bank again as a reserve.n n5.The money supply rises.If the process continues to its limit,a total of 5.The money supply rises.If the process continues to its limit,a total of$8333.33 circulates in the system.$8333.33 circulates in the system.n n6.After deducting the original$1000 of Person A,$7

11、333.33 of new 6.After deducting the original$1000 of Person A,$7333.33 of new money is being used in the community and represents a net increase in the money is being used in the community and represents a net increase in the money supply.money supply.第6页/共41页 Language Points n n1.minimal adj.1.mini

12、mal adj.最小的，极微的最小的，极微的 maximal maximal 最大的最大的n ne.g.Fortunately,the storm only did minimal damage to the farmers e.g.Fortunately,the storm only did minimal damage to the farmers crops.crops.n n2.2.enforce vt.enforce vt.实施，执行；强迫，迫使实施，执行；强迫，迫使n nenforce the law enforce the law 执行法律执行法律 enforced educat

13、ion enforced education 强迫教育，义务教育强迫教育，义务教育n n3.assume vt.3.assume vt.假定，假设，设想假定，假设，设想n nassume this to be true assume this to be true 假定这个是真的假定这个是真的n nwe must assume him to be innocent until he is proved guilty.we must assume him to be innocent until he is proved guilty.尚未证实尚未证实他有最，就得假定他无辜。他有最，就得假定他无

14、辜。n n承担，担任，接受承担，担任，接受undertakeundertaken nassume office assume office 就职，就职，assume responsibilityassume responsibility承担责任承担责任n nHe assumes his new responsibilities next month.He assumes his new responsibilities next month.他下个月承担新任务。他下个月承担新任务。n n 装作，装出，假装装作，装出，假装assume ignoranceassume ignorance假装不知情

15、假装不知情第7页/共41页Language Pointsn n4.fractional adj.4.fractional adj.分数的，小数的分数的，小数的n nfractional numbers fractional numbers 分数分数 a fractional amount a fractional amount 零数零数n nvery smallvery small极小的极小的a fractional difference in prices a fractional difference in prices 微小差价微小差价n nfraction fraction 小部分，一

16、点儿，少许小部分，一点儿，少许e.g.The car stopped within a fraction e.g.The car stopped within a fraction of an inch of the wall.of an inch of the wall.汽车在离墙不到一英寸的地方停住了。汽车在离墙不到一英寸的地方停住了。n n5.5.rein in rein in 驾驭，统治，抑制驾驭，统治，抑制n nrein in ones temper rein in ones temper 按住火气按住火气rein in a horse rein in a horse 勒住马勒住马第

17、8页/共41页 the explanation of the text n nBanks may lend more money than they have on deposit,just as traders used to do Banks may lend more money than they have on deposit,just as traders used to do when they issued more receipts for coins than they had in safekeeping.when they issued more receipts fo

18、r coins than they had in safekeeping.银行贷出去银行贷出去的钱可能会超过存款的数目，就像商人以前经常做的那样。的钱可能会超过存款的数目，就像商人以前经常做的那样。n nAssume that the fractional reserve ratio is 12 percent.Thus,when a customer Assume that the fractional reserve ratio is 12 percent.Thus,when a customer deposits$1 000 in a bank,it may immediately se

19、t aside$120 as a reserve.deposits$1 000 in a bank,it may immediately set aside$120 as a reserve.假设部假设部分准备金比率是分准备金比率是12%.12%.这样这样,如果你在所在地银行存入如果你在所在地银行存入10001000美元美元,它会立即留出它会立即留出120120美元作为准备金美元作为准备金.第9页/共41页Exercises and Key to exercises:n n(1)1.(1)1.部分准备金部分准备金 fractional reserve 2.fractional reserve

20、2.部分准备金存款扩张业务部分准备金存款扩张业务 fractional reserve deposit money expansion activities 3.fractional reserve deposit money expansion activities 3.部分准备金比率部分准备金比率 fractional fractional reserve ratio 4.reserve ratio 4.准备金要求准备金要求 reserve requirement 5.reserve requirement 5.货币供应量货币供应量 money supply 6.money supply

21、6.利率利率 interest rate 7.interest rate 7.留出一些钱留出一些钱 set aside some money 8.set aside some money 8.联邦储备银行联邦储备银行 Federal Reserve Bank 9.Federal Reserve Bank 9.贷出一笔款贷出一笔款loan out an amount of moneyloan out an amount of moneyn n10.10.联邦储备系统联邦储备系统 FedFedn n(2)DBAADB(2)DBAADBn n(3)Questions:What is the proc

22、ess of the fractional reserve deposit money expansion(3)Questions:What is the process of the fractional reserve deposit money expansion activities?activities?第10页/共41页Unit Two Part B The Three Ms 第11页/共41页n n教学目的与要求（教学目的与要求（Teaching targetsTeaching targets）：）：n nhelp students get some knowledge abou

23、t the three measures of help students get some knowledge about the three measures of the money supply in the Federal Reserve System;study some the money supply in the Federal Reserve System;study some specialized words and expressions related to the three kinds of specialized words and expressions r

24、elated to the three kinds of money supply;some new basic English vocabulary money supply;some new basic English vocabulary n n教学重点教学重点(Emphases and difficult points(Emphases and difficult points）n nSome words and expressions:currency,demand deposits,Some words and expressions:currency,demand deposit

25、s,checking accounts,medium of exchange,time deposit,money checking accounts,medium of exchange,time deposit,money market deposit accounts(MMDA),non-institutional money market deposit accounts(MMDA),non-institutional money market mutual funds(MMMF),financial innovations,as of,market mutual funds(MMMF

26、),financial innovations,as of,monetary aggregates;How to distinguish the three measures of monetary aggregates;How to distinguish the three measures of money supply-M1,M2 and M3.And get to know the content of money supply-M1,M2 and M3.And get to know the content of each one.each one.第12页/共41页Backgro

27、und knowledge n nThe classification of money supply in the IMF:n n M0=the cash outside the banking systemn n M1=M0+demand depositsn n M2=M1+saving deposits+time deposits+government bonds第13页/共41页Background knowledgen nAccording the Federal Reserve System,the money supply is divided into:According th

28、e Federal Reserve System,the money supply is divided into:n n M1=currency+coins+demand deposits(the narrowly defined)M1=currency+coins+demand deposits(the narrowly defined)n n M2=M1+MMDA+MMF+other short-term money market assets M2=M1+MMDA+MMF+other short-term money market assetsn n(a broader measure

29、 of the money supply)(a broader measure of the money supply)n nM3=M2+financial assets and instruments(an even broader definition)M3=M2+financial assets and instruments(an even broader definition)第14页/共41页Detailed explanation:n nM2 is the most often used reference to money supply.M2M2 is the most oft

30、en used reference to money supply.M2是衡量货币是衡量货币供应量最常用的标准。在这个句子中，过去分词供应量最常用的标准。在这个句子中，过去分词“used”used”做定语，做定语，修饰修饰“reference”reference”；referencereference的意思是的意思是“衡量标准；参照物；参衡量标准；参照物；参考资料。考资料。n nMuch attention is focused on the rate at which the money supply grows Much attention is focused on the rate a

31、t which the money supply grows because money growth influences inflation,unemployment,and general because money growth influences inflation,unemployment,and general economic activity.economic activity.货币供应增长率得以密切注视，因为货币增长影货币供应增长率得以密切注视，因为货币增长影响到通货膨胀、失业，以及总的经济活动。响到通货膨胀、失业，以及总的经济活动。“at which the money

32、 at which the money supply grows”supply grows”是一个定语从句，修饰是一个定语从句，修饰the ratethe rate。n nThe Federal Reserve System tracks three measures of the money supply The Federal Reserve System tracks three measures of the money supply and reports on them weekly.and reports on them weekly.联邦储备系统跟踪统计三种货币供应量，联邦储备

33、系统跟踪统计三种货币供应量，并每周公布依次。并每周公布依次。第15页/共41页Language Points n n1.mutual adj.1.mutual adj.相互的，彼此的；共同的相互的，彼此的；共同的n nour mutual friend our mutual friend 共同的朋友共同的朋友mutual aid mutual aid 互助互助n nmutual respect mutual respect 相互之间的尊敬相互之间的尊敬mutual interest mutual interest 共同利益共同利益n n2.secondary adj.2.secondary a

34、dj.第二的，中级的；副的，补充的，次要的第二的，中级的；副的，补充的，次要的n nsecondary education secondary education 中等教育中等教育secondary product secondary product 副产品副产品n na secondary cause a secondary cause 次要原因次要原因n nSuch considerations are secondary to our main aim of improving efficiency.Such considerations are secondary to our mai

35、n aim of improving efficiency.对于提高效率的对于提高效率的主要目的来说，这些想法是次要的。主要目的来说，这些想法是次要的。n n3.innovation n.3.innovation n.创新，革新，改革创新，革新，改革n ntechnical innovation technical innovation 技术革新技术革新educational innovation educational innovation 教育革新教育革新第16页/共41页Language Pointsn n4.aggregate vt.4.aggregate vt.结合，集结；共计结合，

36、集结；共计The money collected will The money collected will aggregate a thousand dollars.aggregate a thousand dollars.进帐总额达一千美元。进帐总额达一千美元。n nIn the aggregate In the aggregate 总的来说，共计总的来说，共计n n5.as of=on,at5.as of=on,atn nThe project was terminated as of January 1.The project was terminated as of January

37、1.n n6.track n.6.track n.踪迹，足迹，痕迹踪迹，足迹，痕迹n ne.g.We followed his tracks through the snow.e.g.We followed his tracks through the snow.n n轨道轨道a single/double track a single/double track 单单/双轨双轨n n站台站台The train for Chicago is on track 9.The train for Chicago is on track 9.开往芝加哥的列车停开往芝加哥的列车停9 9站台。站台。第17页

38、/共41页Exercises and Key to exercises:n n（1 1）1.1.货币供应量货币供应量 money supply 2.money supply 2.活期存款活期存款 demand deposit 3.demand deposit 3.交交换媒介换媒介 medium of exchange 4.medium of exchange 4.定期存款定期存款 time deposit 5.time deposit 5.大额存单大额存单 large certificate of deposit 6.large certificate of deposit 6.金融创新金融创

39、新financial innovation 7.financial innovation 7.货币总量货币总量 monetary aggregate 8.monetary aggregate 8.支票账户支票账户 checking accounts 9.checking accounts 9.联邦储备委员会联邦储备委员会 Federal Reserve Board 10.Federal Reserve Board 10.开支票开支票 write checkswrite checksn n(2)ACABB(2)ACABBn n（3 3）Questions:What does M1,M2 and

40、include respectively?Questions:What does M1,M2 and include respectively?第18页/共41页Unit Two Part C Simple and Compound Interest 第19页/共41页n n教学目的与要求（教学目的与要求（Teaching targetsTeaching targets）：）：n nhelp students know how to calculate the simple and compound help students know how to calculate the simple

41、and compound interest,memorize the formulae of the simple and compound interest,memorize the formulae of the simple and compound interest.study some specialized words and expressions related to interest.study some specialized words and expressions related to simple and compound interest;some new bas

42、ic English simple and compound interest;some new basic English vocabulary vocabulary n n教学重难点教学重难点(Emphases and difficult points(Emphases and difficult points）Some words and Some words and expressions:principal,substitute,interval,convert,yield,annual,expressions:principal,substitute,interval,conver

43、t,yield,annual,due;the understanding about The formulae of simple and due;the understanding about The formulae of simple and compound pound interests.第20页/共41页Simple and Compound Interest单利单利单利单利复利复利复利复利n nThe fee for borrowing money The fee for borrowing money is known asis known as InterestInteres

44、t(I).(I).be called be called被叫做被叫做n nSo,in the above example,Jack thinks the interest is 1600 yuan and Mary So,in the above example,Jack thinks the interest is 1600 yuan and Mary thinks the interest should be 1856.4 yuan.thinks the interest should be 1856.4 yuan.n nWhat are the elements must be used

45、 in necessary part of sth necessary part of sth 因素因素getting the interest,1600 yuan and 1856.4 yuan?第21页/共41页Three elements for calculating interestn nPrincipal amount(P):the amount borrowed;本金本金n nRate of interest(R):calculated as a percentage of the principal amount;n nTime(T):the period over which

46、 the interest is calculated.第22页/共41页Principal amount(P):n nPrincipal amount is the amount borrowed.Principal amount is the amount borrowed.n nIn the given example,the principal is 4000 yuanIn the given example,the principal is 4000 yuan第23页/共41页Rate of Interest(R)n nRate of interest is a Rate of in

47、terest is a ratioratio and is usually and is usually 比率比率expressed as a percent.In the above example is 10%.expressed as a percent.In the above example is 10%.n npercentage form percentage form decimaldecimal form form fractionalfractional form form小数分数小数分数n n10%0.1 10/10010%0.1 10/100n nten percent

48、 zero point one ten hundredthsten percent zero point one ten hundredthsn nIn percentage form the rate would be 10 percent;in decimal In percentage form the rate would be 10 percent;in decimal form the rate would be 0.10.you could read this as 10 form the rate would be 0.10.you could read this as 10

49、hundredths,0.10,or 10 percent.hundredths,0.10,or 10 percent.n nWhen used to compute interest,rate of interest must appear When used to compute interest,rate of interest must appear as a decimal.as a decimal.第24页/共41页Time(T)n nTime is the period over which interest is calculated Time is the period ov

50、er which interest is calculated and is usually stated in years.and is usually stated in years.n nPeriods of less than one year are usually stated in Periods of less than one year are usually stated in days.days.n nTime may also be expressed as a fraction of a year.Time may also be expressed as a fra