中职英语教学法8.银行和金融英语教学.ppt

Foreign Exchange Dealing The foreign exchange is the exchange of one currency for another, or the conversion of one currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock. The term foreign exchange is usually abbreviated as forex and occasionally as FX. Bank Deposit A bank, like other business, sells its service to make a profit for its share holders. However, unlike most business, it is conducted chiefly with other people’ money Bank deposits Demand deposit, Term deposit  Bank Deposit Simple interest  Where:P is the loan amountI is the interest rateN is the duration of the loan, using number of periods Bank Deposit Compound Interest Compound Interest = Total amount of Principal and Interest in future (or Future Value) less?Principal amount at present (or Present Value) ??????????????????????? ??????? = [P (1 + i)n] – P ??????????????????????? ??????? = P [(1 + i)n – 1] (Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.) The Magic Of Compound Interest Letter of Credit A letter of credit is a draft opened by the issuing bank in place of import in accordance with the applicant request to guarantee the acceptance and payment on presentation or at sight of all requested document in conformity with terms of the credit Credit Card Credit cards are one of that most popular banking instruments issued by banks to applicants for use on credit consumer goods , services, and other things. The first credit card was issued in U.S.A, in 1905 The first credit card was issued by Bank of China , in 1986 Credit Card American Express Master card VISA Great wall Card The issuing bank gives the holder of the credit card a Grace period of xx days *  8.银行与金融英语教学 Master ENGlish