The concept of money: Money is a commodityaccepted by general consent as a medium ofeconomic exchange. It is the medium in whichprices and values are expressed. It circulates fromperson to person and country to country, thenfacilitating trade, and it is the principal measure ofwealth.
Trang 1WELCOME!!!
LECTURER : Mrs THUY HUONG
GROUP : 02 CLASS : 15.03 LT.1
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Trang 2MONEY AND ITS FUNCTIONS
Trang 33
Trang 4VOCABULARY
Trang 5Currency (n) ['kʌrənsɪ] Tiền tệ US dollars and Euro are
considered as strong currenciess
Consent (n) [kən'sent] Sự đồng lòng,
sự chấp nhận chung
You have my consent to leave
Medium of
exchange (n) 'mɪːdɪəm] [ɪksˈtʃeɪndʒ] Phương tiện trao đổi A medium of exchange is most commonly a currency,
but it may be a commodity such as gold, silver, or even seashells
Commodity (n)[kə'mɒdətɪ] Hàng hóa If you're going into
teaching, energy is a necessary commodity
Settlement ['setlmənt] Sự thanh toán A medium of exchange is
anything that is widely accepted in payment for goods and services and n settlement of debts
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Trang 6Measurements ['meʒə(r)mənt] Sự đo lường,
phép đo The test is based on the measurement of blood
levels
Payment (n) [ˈpeɪmənt] Thanh toán,
khoản thanh toán It is reasonable to expect proper payment for this
work
Exceed (v) [ɪk'siːd] Vượt trội This exceeds all my
expectations
Trang 7 The concept of money: Money is a commodity
accepted by general consent as a medium of
economic exchange It is the medium in which
prices and values are expressed It circulates from person to person and country to country, then
facilitating trade, and it is the principal measure
of wealth
1 What is the concept of “money” ?
Money is a commodity accepted by general
consent as a medium of economic exchange It is the medium in which prices and values are expressed.
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Trang 8 The concept of money
Money is a commodity
accepted by general
consent as a medium of
economic exchange It is
the medium in which
prices and values are
expressed It circulates
from person to person and
country to country, then
facilitating trade, and it is
the principal measure of
wealth
Khái niệm tiền:
Tiền là một loại hàng hóa được chấp nhận chung như phương tiện trao đổi Nó là một phương tiện nơi mà giá
cả và giá trị được biểu hiện
Nó được lưu thông từ người này sang người khác, từ nước này sang nước khác, tạo
thuận lợi cho thương mại và
nó cũng là thước đo cơ bản cho sự giàu có.
Trang 9 The function of money :
All modern societies use money With money people can
easily trade goods and services with one another That is money promotes trade Money serves as a medium of exchange , a
measure of or a unit of account , a store of value and a standard
of deferred payments We discuss each of these functions of
money in turn.
2 What are the functions of money ?
Money has 4 important functions They are:
Trang 10 The function of money:
All modern societies use
money With money people can
easily trade goods and services
with one another That is
money promotes trade Money
serves as a medium of
exchange, a measure of or a
unit of account, a store of value
and a standard of deferred
payments We discuss each of
these functions of money in
turn.
Các chức năng của tiền
Mọi xã hội hiện đại đều sử dụng tiền Nhờ có nó con người dễ
dàng trao đổi hàng hóa và dịch
vụ với nhau Điều đó có nghĩa là tiền góp phần thúc đẩy thương mại Tiền cung cấp các chức năng như là một phương tiện trao đổi, một phương pháp hoặc một đơn vị tính toán, lưu trữ giá trị và phương tiện trả chậm
Chúng ta sẽ cùng thảo luận lần lượt về từng chức năng của tiền.
Trang 11 Money as a medium of exchange : Workers exchange
labour services for money.
People buy or sell goods in exchange for money Money is a medium through which people exchange goods and
services.
What is a medium exchange ? A medium of exchange is
anything that is widely accpected in payments for goods and services and in settlement of debts Money is the most
common medium of exchange.
3 What is a medium of exchange ?
A medium of exchange is anything that is widely
accepted in payment for goods and services and in
settlement of debts.
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Trang 12 Money as a medium of exchange : Workers exchange labour services for money.
People buy or sell goods in exchange for money
Money is a medium through which people exchange
goods and services.
What is a medium exchange ? A medium of
exchange is anything that is widely accpected in
payments for goods and services and in settlement of
debts Money is the most common medium of
exchange.
4 How is money used as a medium of exchange?
Trang 134 How is money used as a
medium of exchange?
Money is used as a medium of exchange:
-Workers exchange labour services for money.
-People buy or sell goods in exchange for money Money is a medium through which people exchange goods and services
Money is used as a medium of exchange:
-Workers exchange labour services for money.
-People buy or sell goods in exchange for money Money is a medium through which people exchange goods and services
Trang 14 Money as a medium of
exchange:
Workers exchange labour services
for money.
People buy or sell goods in
exchange for money Money is a
medium through which people
exchange goods and services.
What is a medium exchange?
A medium of exchange is anything
that is widely accpected in
payments for goods and services
and in settlement of debts Money
is the most common medium of
Con người mua hoặc bán hàng hóa
để đổi lấy tiền Tiền là một phương tiện trao đổi thông qua cách con người trao đổi hàng hóa
và dịch vụ.
Vậy phương tiện trao đổi là gì? Phương tiện trao đổi là bất cứ thứ gì được chấp nhận rộng rãi trong thanh toán hàng hóa, dịch vụ
và giải quyết các khoản nợ Tiền là phương tiện trao đổi phổ biến nhất
Trang 15 Money as a Measure of Value : The second
function of money is as a measure of value Just as
we need measurements for distances, weights, and energy, so we need measurements for the value of things offered at the market Money measures
value in its units of account The unit of account is
the unit in which prices are quoted and account are kept In Britain, prices are quoted in pound
sterling In the United States dollar, and in
Vietnam VND The use of such units helps
simplify the exchange of goods.
5 How is money used as a unit of account?
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Trang 165 How is money used as a unit of
Exampt: VND, USD, ERO
Money measures value in its units of
Trang 17 Money as a Measure of Value:
The second function of money
is as a measure of value Just as we
need measurements for distances,
weights, and energy, so we need
measurements for the value of
things offered at the market Money
measures value in its units of
account The unit of account is the
unit in which prices are quoted and
account are kept In Britain, prices
are quoted in pound sterling In the
United States dollar, and in
Vietnam VND The use of such
units helps simplify the exchange of
nó Đơn vị của tiền là nơi giá cả được biểu hiện và giá trị được lưu giữ Tại Anh, giá được biểu hiện bằng bảng Anh Tại Mĩ là đồng đô la Mỹ, và ở Việt Nam là Việt Nam đồng Việc sử dụng các đơn vị này sẽ giúp dễ dàng hơn trong việc trao đổi hàng hoá
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Trang 18to buy in the future If money were a perfect of value,
we could buy the same items next year as we could
today with the same amount of money But money
does function poorly as a store of value when there is inflation in the economy.
5 How is money used as a Store of value?
Trang 195 How is money used as a Store of
value?
Money is a store of value because it can be used to
make purchases in the future.
Ex: If you choose not to buy with your money today, you can save it to buy in the future
Money is a store of value because it can be used to
make purchases in the future Ex: If you choose not to buy with your money today, you can save it to buy in the future
Trang 20 Money as a Store of
Value:
Money also functions as a store of
value
Money is a store of value
because it can be used to make
purchases in the future This means
that if we choose not to buy with
our money today, we can save it to
buy in the future If money were a
perfect of value, we could buy the
same items next year as we could
today with the same amount of
money But money does function
poorly as a store of value when
there is inflation in the economy
Tiền mang chức năng là phương tiện cất trữ:
Tiền cũng có chức năng là phương tiện cất trữ
Tiền có thể làm phương tiện cất trữ bởi vì nó có thể được sử dụng để mua sắm trong tương lai Điều đó có nghĩa
là nếu hôm nay chúng ta không mua, chúng ta có thể tiết kiệm chúngvà mua nó trong tương lai Nếu như tiền cógiá trị hoàn hảo, chúng ta có thể mua cùng một mặt hàng ở ngày hôm nay vào năm sau với cùng một lượng tiền Nhưng điều đó rất khó để xảy ra nếu như nền kinh tế có tình trạng lạm phát
Trang 21 Money as a Standard of Deferred Payments : The
last function of money is a standard of deferred of
payments or unit of account aver time When you buy
something but do not pay for it immediately , your
payment is expressed in term of money to be paid in the future With the wide use of installment buying, this function of money has become increasingly
important.
5 How is money used as a Standard of Deferred Payment?
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Trang 225 How is money used as a
Standard of Deferred Payment?
When you buy something but do not pay for it immediately, your payment is expressed in term of
money to be paid in the future
When you buy something but do not pay for it
immediately , your payment is expressed in term of
money to be paid in the future
Trang 23 Money as a Standard of
Deferred Payments:
The last function of money is a
standard of deferred of payments or
unit of account aver time When
you buy something but do not pay
for it immediately, your payment is
expressed in term of money to be
paid in the future With the wide
use of installment buying, this
function of money has become
nó ngay lập tức, thì giao dịch đó của bạn sẽ được thể hiện dưới dạng tiền phải trả trong tương lai Với việc sử dụng rộng rãi của phương thức mua trả góp, chức năng này của tiền ngày càng trở nên quan trọng
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Trang 246 What do you think is the most important
function of money ? And why ?
In my opinion, the most important function of money is money as a medium of exchange Because:
-Firstly,people use money for exchanging goods and
services.
-Secondly,if this function is not exist,other functions are not performed
-And with this function, if I have enough money, I can
In my opinion, the most important function of money is money as a medium of exchange Because:
-Firstly,people use money for exchanging goods and
Trang 25 Different kinds of money: The most important types of
money are commodity money and token money.
7 What are two mains types of money?
25
Two mains types of money are commodity
money and token money
Trang 26 Different kinds of money: The most important types of
money are commodity money and token money
Commodity money: Commodity money is a useful good
that serves as a medium of exchange As a result, the value of commodity money is about equal to the value of the material contained in it The principal materials used for this type of money have been gold, silver and copper.
In ancient times various articles made of these metals, as well as of iron and bronze, were used as money, while among primitive people such commodities as shells, beads, elephant tusks, furs, and livestock served as medium of exchange The gold coins in circulation in the US before 1933 were examples
of commodity money.
Trang 27 Different kinds of money:
The most important types of money are
commodity money and token money.
Commodity money: Commodity money
is a useful good that serves as a medium of
exchange As a result, the value of
commodity money is about equal to the
value of the material contained in it The
principal materials used for this type of
money have been gold, silver and copper
In ancient times various articles made of
these metals, as well as of iron and bronze,
were used as money, while among primitive
people such commodities as shells, beads,
elephant tusks, furs, and livestock served as
medium of exchange The gold coins in
circulation in the US before 1933 were
examples of commodity money.
Các hình thái khác nhau của tiền:
Các hình thái quan trọng nhất của tiền
đó là tiền hàng và tiền dấu hiệu.
Tiền hàng: Tiền hàng là hàng hóa hữu ích phục vụ như là một phương tiện trao đổi Kết quả là, giá trị tiền hàng bằng với giá trị của vật liệu chứa trong nó Các loại vật liệu chính được sử dụng cho loại tiền này đó là vàng, bạc và đồng.
Ở thời cổ đại, nhiều loại hàng hóa đã được làm từ các kim loại này, cũng như sắt và đồng được sử dụng như tiền, trong khi người nguyên thủy lại sử dụng các mặt hàng như vỏ, hạt, ngà voi, lông thú
và động vật như là phương tiện để trao đổi Các đồng tiền vàng được sử dụng trong lưu thông ở Mĩ vào trước năm 1933 chính là một ví dụ về tiền hàng
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Trang 28Token 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 A $10 note is
worth far more as money than as a 3x6 inch piece of high
quality paper Similarly, the monetary value of the most coins exeeds the amount you would get by melting them down and selling of the metal they contain.
8 Give some types of token money ?
Trang 29 Token money: Token money
is a means of payment whose
value of purchasing power as
money greatly exceeds its cost
of production or value in uses
other than as money A $10 note
is worth far more as money than
as a 3x6 inch piece of high
quality paper Similarly, the
monetary value of the most
coins exceeds the amount you
would get by melting them
down and selling of the metal
they contain.
Tiền dấu hiệu Tiền dấu hiệu là
một phương tiện thanh toán chứa đựng sức mua lớn hơn gấp nhiều lần chi phí để sản xuất hoặc giá trị được nó biểu hiện Một lưu ý đó là 10$ có giá trị lớn hơn rất nhiều so với một mảnh giấy 3x6 inch chất lượng cao Tương tự, giá trị tiền tệ của hầu hết các đồng tiền vượt quá
số tiền bạn sẽ nhận được bằng cách tán chúng và bán các kim loại trong đó
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Trang 30 9 What are some main differences between
commodity money and token money?
Definition
Commodity money is
a useful good that serves as a medium of exchange
Token money is a means
of payment whose value
of purchasing power as money greatly exceeds its cost of production or value in uses other than
as money
Value Equal to the value of the material contained
in it
whose value of purchasing power
as money greatly exceeds its cost of production or value
in uses other than
as money
Trang 3131
Trang 34is widely accepted in
payment for goods and
services and in settlement
quoted and account are kept
Money as a Store of Value
It can be used to make
purchases in the future
Money as a Standard of
Trang 35a medium of exchange.
Token Money:
Token money is a means of payment whose value or purchasing power as money great exceeds its cost of production or value in uses other than as money