currency货币说课.ppt

Catalogue Concept Currency is a kind of special commodity which serves regularly as the universal equivalent when the exchange of commodities has developed to a particular level. Development history Currency Universally acceptable Easily stored Transported Highly divisible Intrinsic value The ease The simplicity Variety Coins Banknotes Deposit currency Fixed time deposit and saving deposits Near-money Money substitutes Coin Coin is a kind of small denomination fractional currency. It is made by copper, aluminum or nickel. Banknotes Banknote is a kind of legal tender issued by state, and it is the symbol of value forced to circulate. The combination of coin and banknote is called currency or cash. Function Measuring value Medium of circulation Store of value Medium of payment World currency Measuring value Measuring value is the most important and essential function of currency. It can measure the value of everything else. Medium of circulation Medium of circulation means that currency serves as medium of exchange in commodity circulation. — Money provides a neat, orderly form of wealth that may be temporarily held before it is spent on services or consumption goods. — Money as a standard of deferred payments performs the function of establishing a future value or obligation in definitive terms. — Money serves as equivalent in world market. * * Concept Development history Variety Function Barter Universal equivalent Currency ＝ Barter value exchange value expansion = Universal equivalent equivalent A thing equal to another in value or measure, etc. Precious metals = 20 Yuan Measuring value commodity—commodity （W-W） Commodity-currency-commodity （W-G-W） Store of value Medium of payment World currency *