建筑物和機器是公司的有形資產(chǎn)

Unit9

FinancialMarkets第一頁，共二十九頁。Afterstudyingthistext,youarerequiredto:understandthemeaningoffinance;namesomefamousfinancialmarkets;learnthedefinitionofforeignexchangeandforeignexchangemarketunderstandsomeinportantwordsandexpressions第二頁，共二十九頁。TextA:FinancialMarketsinGeneral第三頁，共二十九頁。Discusssomeinformationabouttheworld’sfinancialmarkets.

1.Canyounamesometypicalfinancialmarkets?

2.Doyouknowthecharacteristicsofmoney.

3.Whatisfinanceandfinancialmarket?第四頁，共二十九頁。ReadTextAandanswerthefollowingquestions:1.Isallocationofmoneyinequilibriumatalltimes?2.Underwhatconditioniscreditconducted?3.Whatarefinanceandfinancialmarkets?4.Whatdistinguishesmoneymarketandcapitalmarket?5.Whatmethodscanbeusedtopreventfinancialcrisis?第五頁，共二十九頁。Checktheexercises:1.Isallocationofmoneyinequilibriumatalltimes?No,theallocationofmoneyislopsidedinvariousareasatdifferentdate.Therefore,thequantityofcurrencyismoreorless.2.Underwhatconditioniscreditconducted?Creditisconductedontheconditionthattheprincipalandtheinterestshouldbepaidbacklater.第六頁，共二十九頁。3.Whatarefinanceandfinancialmarkets?Financeisusuallydefinedasfinancingofmoneybypenetrationofpayment,borrowingandlendingofmoney.Financialmarketsarethemarketsforfinancingfunds.Therearetwotypesoffinancialmarket:moneymarketandcapitalmarket.第七頁，共二十九頁。4.Whatdistinguishesmoneymarketandcapitalmarket?Awayofdistinguishingmarketsisonthebasisofthematurityofthesecurities.Themoneymarketisafinancialmarketinwhichonlyshort-termdebtinstrumentsaretradedwhilethecapitalmarketisthemarketinwhichlonger-termdebtandequityinstrumentsaretraded.第八頁，共二十九頁。5.Whatmethodscanbeusedtopreventfinancialcrisis?Wecantakemeasuressuchasstrengtheningmacroeconomiccontrol,improvingforeigntradestructure,watchingthefinancialmarketsclosely,andifnecessary,wecanapplyforthehelpofthoseinternationalorganizations第九頁，共二十九頁。Readthetextagainandfinishthefollowingexercise.Fillintheblankswithcorrespondingwordsinthebox. Inthisrapidlychangingeconomy,(1)_______arelinkedinawidenetworkofindividuals,enterprises,governmentagencies,newsagencies,commercialbanks,thecentralbank,securitiesfirm,investmentcompanies,insurancecompanies,andvariousfunds.Theseparticipantshavedifferent(2)________whentheyoperateinfinancialmarkets.Theyusethefinancialmarketsto(3)_________thefundsforshortperiodsoftimeortofinancelong-terminvestment.Commercialbanks,forexample,tendtolendinthemoneymarketsto(4)________theirshort-termliabilities.Insurancecompaniesandpensionfundstendtolendinthe(5)_____tocounterbalancetheirlong-termliabilities.第十頁，共二十九頁。Vocabulary1.tangibleadj有形的e.g.Thebuildingsandmachineryarethecompany’stangibleassets.建筑物和機器是公司的有形資產(chǎn)。intangibleadj無形的e.g.Thereputationisthecompany’sintangibleassets.聲譽是公司的無形資產(chǎn)。第十一頁，共二十九頁。2.exchangen交易，交換e.g.Isfiveapplesforfiveeggsafairexchange?3.lopsidedadj不均衡的e.g.Thereisalopsidedratioofmentowomen.男女比例存在失衡4.inextricableadj分不開的e.g.TaiwanisaninextricablepartofChina.第十二頁，共二十九頁。5.integrate~+into/with融入，（使）成為一體Shehascompletelyintegratedintotheschoollife.她已完全融入學校生活。

~sthwithsth結(jié)合Theschoolintegratesmathslessonswithcomputerlessons學校把數(shù)學課和計算機課結(jié)合起來。第十三頁，共二十九頁。6.speculative投機的e.g.Hemadeaspeculativeinvestmentinthestockmarket.他在股市作了投機性的一筆投資。7.floatv(貨幣)浮動Russiafloatedtherubleontheforeignexchangemarket.俄羅斯讓盧布在外匯市場上自由浮動。第十四頁，共二十九頁。Difficultsentences.1.Aswehavenoted,therearetwotypesofbasiccurrencyactivities:paymentofcurrencyaswellasborrowingandlendingofcurrency.我們知道,有兩種基本的貨幣活動:貨幣支付和貨幣借貸.2.Thewaytoraisefundsinfinancialmarketscanbecategorizedintotheintermediatedandthenon-intermediated.在金融市場籌集資金的方式可分為直接籌資和間接籌資.第十五頁，共二十九頁。3.Internationalfinancialmarketsaremarketsforfinancialassetstradedbyresidentsandnon-residentsoutsidetheinternalmarkets.國際金融市場是本國居民與外國居民交易金融資產(chǎn)的場所.4.ThecrisiscameunderspeculativeattackbythequantumfundofSoros.該危機由索羅斯量子基金的投機性襲擊直接所致。第十六頁，共二十九頁。TextB:WhatistheForeignExchangeMarket?

第十七頁，共二十九頁。Haveadiscussiononthefollowingquestions:1.WhatarethecurrenciesfortheUnitedStatesandJapanrespectively?2.Canyounamemorecurrenciesofdifferentcountries?3.Whataresoftcurrency?4.IsUSdollarasoftcurrency?第十八頁，共二十九頁。Readthefollowingsentencesanddecidewhethertheyaretrue(T)orfalse(F).(1)Theexistenceoftheforeignexchangemarketsissimplybecausenationshavetokeeptheirsovereignrighttohaveandcontroltheirowncurrency.（2）（）Theforeignexchangemarketcanbedividedintospotandforwardmarketsiftheelementoftimeistakenintoaccount.（3）（）Theforwardmarketisforforeignexchangetobedeliveredwithintwobusinessdays.（4)（）WhenaUnitedStatescompanyexportstoaforeigncountry，foreignexchangeisrequired.（5）（）Ithappenssometimesthattransactionsaresettledinthirdcurrency.第十九頁，共二十九頁。Analysisofthetext1foreignexchange(1)thecurrencyofacountryotherthanone'sown外匯—非自己本國的某國貨幣(2)theexchangingofthecurrencyofonecountryforthatofanother國際匯兌—用某國貨幣換成另一國貨幣(3)thepracticeofbuyingandsellingthemoneyofothercountries外匯買賣—買賣其他國家貨幣的做法第二十頁，共二十九頁。2foreignexchangemarket：agroupofexchangedealers，mostlyrepresentingthecommercialbanks，andtheexchangebrokers.Themarkethastwomaindivisions，thespotmarket,inwhichdeliveriesaremadeandpaidforonthespot（immediately)，andtheforwardmarket，inwhichdealsarearrangedforfuturedeliveries,tobepaidforonagreeddatesorafterdelivery.外匯市場：指一群主要代表商業(yè)銀行及外匯經(jīng)紀人的外匯交易商。該市場有兩個主要部分：現(xiàn)貨市場，（當場）立即交貨付款，遠期市場，為將來交貨達成交易，在交貨時或交貨后的協(xié)定日期付款。第二十一頁，共二十九頁。3.purchasingpower：theamountofgoodsandservicesthatmoneycanbuyatagiventime.Thispowervariesinthelevelofprices,‘e.whenpricesrise,thepurchasingpowerofmoneyfalls.貨幣的購買力：在一個特定時間貨幣所能夠買到的商品與勞務的數(shù)量。購買力同物價水平變動呈逆向變化．即當物價上漲，貨幣購買力就下降。第二十二頁，共二十九頁。4secondarymarket：thatpartofthemoneymarketinwhichinvestorsandbrokersbuyandsellbetweenthem-selveswithouttheoriginalissuerbeingconcerned.二級市場：貨幣市場的一部分，在其中投資者和經(jīng)紀人之間進行買賣，無須牽涉原發(fā)行者。5thevaluedate;thedateonwhichforeignexchangeisduetobedelivered交付日：外匯應交付日期第二十三頁，共二十九頁。6invoicevt.開發(fā)票toinvoicesb.forstll給（某人）開（某物的）發(fā)票7offset:vt.balance,compensatefor抵消，彌補Hehastooffsethissmallsalarybylivingeconomically.他薪水微薄，不得不節(jié)儉度日。第二十四頁，共二十九頁。8softcurrency:thatofacountrywhichhasaweakbalanceofpaymentandthereforeacurrencyforwhichthereisrelativelylittledemand.Itcanusu.beboughtcheaply,esp.inexchangeforhardcurrency.軟通貨，軟幣：一個國際收支能力薄弱的國家發(fā)行的，因此對其需求童較小的貨幣。這種貨幣一般用低價就可獲