BÀI tập NHÓM TIẾNG ANH NHÓM 1 UNIT 11

LOGO Welcome!!! TEACHER : Mrs. PHAMTAM GROUP : 08 CLASS : 21.7LT1 1 2 MONEY AND ITS FUNCTIONS Members 1.Bùi Thị Mai 2. Lương Khánh Linh 3. Bùi Thị Thùy Dương Unit 11: 3 4 vocabulary  /kəˈmɒdɪti /  /ˈkʌr(ə)nsi /  /kənˈsɛnt/  /ˈmiːdɪəm ɒv ɪksˈtʃeɪndʒ/  /ɪkˈsprɛs/  /ˈsəːkjʊleɪt/  /fəˈsɪlɪteɪt/  /ˈprɪnsɪp(ə)l/  /səːv /  /stɔː ɒv ˈvaljuː/ 5  /ˈsɛt(ə)lm(ə)nt/  /ˈkɒmən /  /ˈmɛʒə ɒv valjuː/  /ˈjuːnɪt ɒv əˈkaʊnt/  /kwəʊt /  /ˈsɪmplɪfʌɪ/  /kənˈteɪn/  /ɪnˈstɔːlm(ə)nt /  /kəˈmɒdɪti ˈmʌni/  /ɪˈmiːdɪət / 6  /ˈtəʊk(ə)n mʌni/  /ˈeɪnʃ(ə)nt /  /ˈmɛt(ə)l/  /ˈprɪmɪtɪv /  /tʌsk ɛlɪf(ə)nt/  /fəː/  /ˈlʌɪvstɒk /  /ˈpəːtʃ əsiη paʊə /  /ɪkˈsiːd/  /ˈmʌnɪt(ə)ri valjuː/ 7 8 /kəˈmɒdɪti/ commodity Loại hàng /ˈkʌr(ə)nsi/ Currency Tiền tệ /kənˈsɛnt/ consent Sự chấp nhận /ˈmiːdɪəmɒvɪksˈtʃeɪndʒ/ Medium of exchange Phương tiện trao đổi /ɪkˈsprɛs/ express Biểu hiện /ˈsəːkjʊleɪt/ Circulate Lưu hành /fəˈsɪlɪteɪt/ facilitate Làm đơn giản hoá /ˈprɪnsɪp(ə)l/ principal Chủ yếu /səːv/ Serve Đảm nhiệm /stɔːɒvˈvaljuː/ Store of value Phương tiện cất trữ /ˈsɛt(ə)lm(ə)nt/ settlement Sự thanh toán /ˈkɒmən/ common chung /ˈmɛʒəɒvvaljuː/ Measure of value Thước đo giá trị /ˈjuːnɪtɒvəˈkaʊnt/ Unit of account Đơn vị thanh toán /kwəʊt/ quote Niêm yết /ˈsɪmplɪfʌɪ/ Simplify Đơn giản hoá /kənˈteɪn/ contain Chứa đựng /ɪnˈstɔːlm(ə)nt / installment Sự trả góp /kəˈmɒdɪtiˈmʌni/ Commodity money Tiền hàng /ɪˈmiːdɪət/ immediate Ngay lập tức 9 /ˈtəʊk(ə)nmʌni/ Token money Tiền dấu hiệu /ˈeɪnʃ(ə)nt/ ancient xưa /ˈmɛt(ə)l/ metal Kim loại /ˈprɪmɪtɪv/ primitive Nguyên thuỷ /tʌskɛlɪf(ə)nt/ Tusk elephant Ngà voi /fəː/ fur Da thú /ˈlʌɪvstɒk/ livestock Gia súc /ˈpəːtʃ əsiη paʊə/ Purchasing power Sức mua /ɪkˈsiːd/ exceed Vượt qua /ˈmʌnɪt(ə)rivaljuː/ Monetary value Giá trị tiền tệ 10 [...]... How is money used as a Measure of Value ? Money measures value in it units of account Money measures value in it units of account The unit of account is the unit in which prices are quoted and account The unit of account is the unit in which prices are quoted and account are kept are kept Exampt: VND, USD, ERO Exampt: VND, USD, ERO 19 6 How is money used as a Store of value ? Money is a store of value... Payments 16 3 What is a medium of exchange ? A medium of exchange is anything that is widely accepted in payment A medium of exchange is anything that is widely accepted in payment for goods and services and in settlement of debts for goods and services and in settlement of debts 17 4 What is the unit of account? The unit of account is the unit in which prices are quoted and account are kept 18 5 How... concept of money The concept of money 11 The concept of money The concept of money Money is a commodity accepted by general consent as a Money is a commodity accepted by general consent as a medium of economic exchange medium of economic exchange 12 The functions of money A Medium of Exchange A Measure of Value A Store of Value A Standard of Deferred Payments 13 Different kinds of money Token money... means of payment whose value or purchasing power as money greatly exceeds its costs of production or value in uses other than as money 14 Short Question 1 What is money ? 1 What is money ? Money is a commodity accepted by general consent as a medium of economic exchange 15 2 What are the functions of money ? Money has 4 important functions They are: Money has 4 important functions They are: ••AMedium... currency in the world It is called ““King of currency It is called King of currency Otherwise, Dinar of Kuwait is the highest value currency Because, 1 Otherwise, Dinar of Kuwait is the highest value currency Because, 1 KWD = 3,5 USD, 1KWD= 2,8 EURO KWD = 3,5 USD, 1KWD= 2,8 EURO 30 44 Why does the installment buying become more and more popular nowadays?  For the consumer, people can buy more goods with... the future 21 8 When does money do function poorly as a store of value?  Money does function poorly as a store of value when there is inflation in the economy 22 9 How many kinds of money are there?What are they?  There are 2 kinds of money.They are:commodity money and token money 23 9 What is commodity money?  Commodity money is a useful good that serves as a medium of exchange 24 10 What is token... circulated easily and goverment uses it for controling inflation  Example commodity money beads, elephant tusks, furs and so on Example token money cash, redit card and so on 28 commodity token 29 3 Which unit of currency is the strongest? USD is the strongest currency used in international transaction and It is USD is the strongest currency used in international transaction and It is one of the major reserver... exchange 24 10 What is token money?  Token money is a means of payment whose value or purchasing power as money greatly exceeds its cost of production or value in uses other than as money 25 LONG QUESTIONS 1 Which function of money is the most important? Why ? In my opinion, the most important function is a medium of exchange In my opinion, the most important function is a medium of exchange Because: Because:... thereby increasing revenue and profit for the business and attract more customers  For the government, it helps to increase government revenues from corporate income tax, reducing the state budget deficit 31 THANKS FOR YOUR ATTENTION 32 . LOGO Welcome!!! TEACHER : Mrs. PHAMTAM GROUP : 08 CLASS : 21. 7LT1 1 2 MONEY AND ITS FUNCTIONS Members 1. Bùi Thị Mai 2. Lương Khánh Linh 3. Bùi Thị Thùy Dương Unit 11 : 3 4 vocabulary  /kəˈmɒdɪti /  /ˈkʌr(ə)nsi. services and in settlement of debts 18 4. What is the unit of account? The unit of account is the unit in which prices are quoted and account are kept. 19 5. How is money used as a Measure. value in it units of account. The unit of account is the unit in which prices are quoted and account are kept. Exampt: VND, USD, ERO Money measures value in it units of account. The unit of account