尉计酒价質多本孝 195 UNVERSITY OF INTERNATONAL BUS NESS AND ECONOMCS Chapter 6 Money CASIO
Chapter 6 Chapter 6 Money
I.教学目的 By the end of the chapter,students should be able to know about: >The fundamentals of money; >The functions of money;
I. 教学目的 By the end of the chapter, students should be able to know about: ¾ The fundamentals of money; ¾ The functions of money;
Ⅱ.教学计划 This chapter will cover 3 hours.2 hours for the introduction of background information and explanations of terms and the texts.And the other 1 hour for discussion and practice. 约价首多大考
II. 教学计划 This chapter will cover 3 hours. 2 hours for the introduction of background information and explanations of terms and the texts. And the other 1 hour for discussion and practice
I.教学方法 Translation:key sentences. >Paraphrasing:key words and expressions Summarizing:key passages. Discussion:important issues. >Questions and answers:interaction between teachers and students 山重价首六4
III. 教学方法 ¾ Translation: key sentences. ¾ Paraphrasing: key words and expressions ¾ Summarizing: key passages. ¾ Discussion: important issues. ¾ Questions and answers: interaction between teachers and students
IV.背景知识 >What do cowrie shells,whales teeth,nickels,and dimes have in common?Why are they all examples of money? Money is any commodity or token that is generally acceptable as a means of payment for goods and services. 约价首多大考
¾ What do cowrie shells, whales teeth, nickels, and dimes have in common? Why are they all examples of money? ¾ Money is any commodity or token that is generally acceptable as a means of payment for goods and services. IV.背景知识
Gresham's Law It refers to the tendency for bad money to drive good money out of circulation.The law was first proposed by Sir Thomas Gresham,who was at that time the adviser of Queen Elizabeth I )According to his view of Bad money driving out good money expressed in 1558,when the public feel doubtful about some parts of the money supply,they will hoard the good money and try to transfer the bad money to others. 数更价首5大考
Gresham’s Law It refers to the tendency for bad money to drive good money out of circulation. The law was first proposed by Sir Thomas Gresham, who was at that time the adviser of Queen ElizabethⅠ). According to his view of Bad money driving out good money expressed in 1558, when the public feel doubtful about some parts of the money supply, they will hoard the good money and try to transfer the bad money to others
IOU I owe you;putting down these letters on a piece of paper with figures of a specified sum of money owed to others and signing the name and date,then a simple liability confirmation sheet is composed.It is kept by the creditor as attestation of the liability that can be presented in court as proof.It cannot be circulated and is not promissory note. 数更价首5大考
IOU I owe you；putting down these letters on a piece of paper with figures of a specified sum of money owed to others and signing the name and date, then a simple liability confirmation sheet is composed. It is kept by the creditor as attestation of the liability that can be presented in court as proof. It cannot be circulated and is not promissory note
Fiat money Fiat money or fiat currency,usually paper money,is a type of currency whose only value is that a government made a fiat that the money is a legal method of exchange. Unlike commodity money or representative money it is not based in another commodity such as gold or silver and is not covered by a special reserve. 数更价首5大考
Fiat money Fiat money or fiat currency, usually paper money, is a type of currency whose only value is that a government made a fiat that the money is a legal method of exchange. Unlike commodity money or representative money it is not based in another commodity such as gold or silver and is not covered by a special reserve
Fiat money issued by government is now legal tender in all modern national economies since the collapse of the Bretton Woods regime of fixed exchange rates linked to a gold-backed dollar in 1971. E.g.The bills and coins that we use in the United States today:the paper with special watermark, printed in green ink. The replacement of commodity money enables the commodities themselves to be used productively 的重价首华大考
Fiat money issued by government is now legal tender in all modern national economies since the collapse of the Bretton Woods regime of fixed exchange rates linked to a gold-backed dollar in 1971. E.g. The bills and coins that we use in the United States today: the paper with special watermark, printed in green ink. The replacement of commodity money enables the commodities themselves to be used productively
V、重点讲解 1.概念讲解 >Commodity money >Convertible paper money >Fiat money >Private debt money
V. 重点讲解 1.概念讲解 ¾Commodity money ¾Convertible paper money ¾Fiat money ¾Private debt money
