建筑物和机器是公司的有形资产

Unit9FinancialMarketsAfterstudyingthistext,youarerequiredto:understandthemeaningoffinance;namesomefamousfinancialmarkets;learnthedefinitionofforeignexchangeandforeignexchangemarketunderstandsomeinportantwordsandexpressionsTextA:FinancialMarketsinGeneralDiscusssomeinformationabouttheworld’sfinancialmarkets.1.Canyounamesometypicalfinancialmarkets?2.Doyouknowthecharacteristicsofmoney.3.Whatisfinanceandfinancialmarket?ReadTextAandanswerthefollowingquestions:1.Isallocationofmoneyinequilibriumatalltimes?2.Underwhatconditioniscreditconducted?3.Whatarefinanceandfinancialmarkets?4.Whatdistinguishesmoneymarketandcapitalmarket?5.Whatmethodscanbeusedtopreventfinancialcrisis?Checktheexercises:1.Isallocationofmoneyinequilibriumatalltimes?No,theallocationofmoneyislopsidedinvariousareasatdifferentdate.Therefore,thequantityofcurrencyismoreorless.2.Underwhatconditioniscreditconducted?Creditisconductedontheconditionthattheprincipalandtheinterestshouldbepaidbacklater.3.Whatarefinanceandfinancialmarkets?Financeisusuallydefinedasfinancingofmoneybypenetrationofpayment,borrowingandlendingofmoney.Financialmarketsarethemarketsforfinancingfunds.Therearetwotypesoffinancialmarket:moneymarketandcapitalmarket.4.Whatdistinguishesmoneymarketandcapitalmarket?Awayofdistinguishingmarketsisonthebasisofthematurityofthesecurities.Themoneymarketisafinancialmarketinwhichonlyshort-termdebtinstrumentsaretradedwhilethecapitalmarketisthemarketinwhichlonger-termdebtandequityinstrumentsaretraded.5.Whatmethodscanbeusedtopreventfinancialcrisis?Wecantakemeasuressuchasstrengtheningmacroeconomiccontrol,improvingforeigntradestructure,watchingthefinancialmarketsclosely,andifnecessary,wecanapplyforthehelpofthoseinternationalorganizations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.Vocabulary1.tangibleadj有形的e.g.Thebuildingsandmachineryarethecompany’stangibleassets.建筑物和机器是公司的有形资产。intangibleadj无形的e.g.Thereputationisthecompany’sintangibleassets.声誉是公司的无形资产。2.exchangen交易，交换e.g.Isfiveapplesforfiveeggsafairexchange?3.lopsidedadj不均衡的e.g.Thereisalopsidedratioofmentowomen.男女比例存在失衡4.inextricableadj分不开的e.g.TaiwanisaninextricablepartofChina.5.integrate~+into/with融入，（使）成为一体Shehascompletelyintegratedintotheschoollife.她已完全融入学校生活。~sthwithsth结合Theschoolintegratesmathslessonswithcomputerlessons学校把数学课和计算机课结合起来。6.speculative投机的e.g.Hemadeaspeculativeinvestmentinthestockmarket.他在股市作了投机性的一笔投资。7.floatv(货币)浮动Russiafloatedtherubleontheforeignexchangemarket.俄罗斯让卢布在外汇市场上自由浮动。Difficultsentences.1.Aswehavenoted,therearetwotypesofbasiccurrencyactivities:paymentofcurrencyaswellasborrowingandlendingofcurrency.我们知道,有两种基本的货币活动:货币支付和货币借贷.2.Thewaytoraisefundsinfinancialmarketscanbecategorizedintotheintermediatedandthenon-intermediated.在金融市场筹集资金的方式可分为直接筹资和间接筹资.3.Internationalfinancialmarketsaremarketsforfinancialassetstradedbyresidentsandnon-residentsoutsidetheinternalmarkets.国际金融市场是本国居民与外国居民交易金融资产的场所.4.ThecrisiscameunderspeculativeattackbythequantumfundofSoros.该危机由索罗斯量子基金的投机性袭击直接所致。TextB:WhatistheForeignExchangeMarket?Haveadiscussiononthefollowingquestions:1.WhatarethecurrenciesfortheUnitedStatesandJapanrespectively?2.Canyounamemorecurrenciesofdifferentcountries?3.Whataresoftcurrency?4.IsUSdollarasoftcurrency?Readthefollowingsentencesanddecidewhethertheyaretrue(T)orfalse(F).(1)Theexistenceoftheforeignexchangemarketsissimplybecausenationshavetokeeptheirsovereignrighttohaveandcontroltheirowncurrency.（2）（）Theforeignexchangemarketcanbedividedintospotandforwardmarketsiftheelementoftimeistakenintoaccount.（3）（）Theforwardmarketisforforeignexchangetobedeliveredwithintwobusinessdays.（4)（）WhenaUnitedStatescompanyexportstoaforeigncountry，foreignexchangeisrequired.（5）（）Ithappenssometimesthattransactionsaresettledinthirdcurrency.Analysisofthetext1foreignexchange(1)thecurrencyofacountryotherthanone'sown外汇—非自己本国的某国货币(2)theexchangingofthecurrencyofonecountryforthatofanother国际汇兑—用某国货币换成另一国货币(3)thepracticeofbuyingandsellingthemoneyofothercountries外汇买卖—买卖其他国家货币的做法2foreignexchangemarket：agroupofexchangedealers，mostlyrepresentingthecommercialbanks，andtheexchangebrokers.Themarkethastwomaindivisions，thespotmarket,inwhichdeliveriesaremadeandpaidforonthespot（immediately)，andtheforwardmarket，inwhichdealsarearrangedforfuturedeliveries,tobepaidforonagreeddatesorafterdelivery.外汇市场：指一群主要代表商业银行及外汇经纪人的外汇交易商。该市场有两个主要部分：现货市场，（当场）