货币银行英文复习资料Chapter one.ppt

《货币银行英文复习资料Chapter one.ppt》由会员分享，可在线阅读，更多相关《货币银行英文复习资料Chapter one.ppt（41页珍藏版）》请在第壹文秘上搜索。

1、1Chapter One Chapter One Money & Monetary SystemMoney & Monetary System2S.1.Overview of Money S.2.Functions of MoneyS.3.Forms of money Meaning of moneyS.4.Monetary system Standard of valueMeans of exchange Means of storeMeans of paymentCommodity moneyRepresentative money Credit money Electronic mone

2、y Extension of money Narrow money Broad money Basic elements of monetary systemTypes of monetary system Metallic standardCredit money standard Chinas monetary System Emergence of money Money and economy3S.1. Overview of Money456Standard of value Means of exchange Store of value Means of payment Worl

3、d money7891011 Store of value 1. Money can function as store of value well only when its value or pp is stable . 2.Its the liquidity that makes people hold money as store of value even if money is not the most attractive one. Liquidity: refers to the easiness and speed that assets can be converted i

4、nto cash at the lowest cost. S.2.Functions of Money121314151617181920 Dd: These deposits may be withdrawn on demand. The depositor usually utilizes a check to request the bank to make payment. So it is also called checkable deposits. Ds : Such deposits have no check-writing privileges , may be withd

5、rawn on demand and pay interest. They are symbolized by a little passbook in which transactions and accrued interests are recorded. Dt :Such deposits have legal maturity date and cannot be transferred to others by writing checks.They can not be drawn before the maturity date, if so, there will be in

6、terest penalty on it . As they are less liquid and less likely to be withdrawn than savings deposits, banks pay a higher interest rate on them. 211232224 Money Market Deposit Account (MMDA 货币市场存货币市场存款帐户款帐户) is an account that combines savings and investment and provide check-writing privileges, and

7、can therefore be used for transaction purpose. Money Market Fund Shares (MMMF货币市场基货币市场基金金)absorb small amounts of funds from the public by issuing fund shares and then invest funds collected mainly in short-term securities in the money market .The holders of fund shares can not only get returns from

8、 investing in funds , but also are able to write checks against their shares. 25 2) Measures of money in the UK M1= Currency+Pound demand deposits held by the private sector M2 =Currency +Small Pound demand deposits held by the private sector and other deposits M3 of Pound= M1 + Pound time deposits

9、held by the private sector+ Pound deposits by the public sector M3 = M3 of Pound + other currency deposits held by British residents 262) Measures of money in the UK PSL1 = M3 of Pound held by the private sector+ Treasury bills held by individuals + Deposits held by individuals in local financial in

10、stitutions+bankers Acceptance. PSL2 = PSL1 +various liquid assets including National savings bonds+ deposits held by private sector with building society and national savings banks27284.1. Basic elements of monetary system1, Determination of money materials and units. 2, Capacity of money for paymen

11、t. 3, Regulation of coinage and issuance of standard money.4, System of reserves. 29 The Bimetallic Standard The Metallic Standard The Gold Standard The Gold Exchange Standard The Gold Coin Standard The Gold Bullion Standard The Credit Money StandardMonetary standardParallel StandardDouble StandardL

12、ame Standard303132333435363738394.2. Types of monetary system 3,Chinas Monetary System 1, RMB is the sole legal tender or standard money on the mainland of China 2, RMB is an inconvertible money and is independent money. 3, RMB is composted of currency and bank deposits. The issuance of RMB is centr

13、alized with the PBC and depository money is put into circulation though banking businesses. 4. In China we have special monetary system “ one country , two systems”. 40Summary 1,Money has four main functions :standard of value, means of exchange, store of value, means of payment .2, In history there

14、 have appeared various kinds of money, such as commodity money, representative money, credit money and electronic money.3,Money supply refers to the collection of all kinds of money in an economy:currency,deposits and other assets . 4,Most countries in the world have undergone roughly the silver sys

15、tem, the bimetallic system, the gold system and the present inconvertible credit money system.41ReviewKey conceptsMoney, purchasing power of money, liquidity , credit money , electronic money , money circulation, commodity circulation, monetary system , standard money, fiat money , legal Tender, Gold Standard , Bimetallic Standard, unlimited power of legal tender, Grahams Law quasi money, M1,M2,M3.