大学金融英语二课件陈庆柏 王景仙ISBN 9787566304827 PPTchapter 8.pptVIP

Chapter Eight Foreign Exchange Markets Learning objectives After studying this chapter you should be able to: 1. Give your definition of foreign exchange 2. Talk about foreign exchange rate, including its definition, classification and factors affecting it 3. Define foreign exchange market and its major types 4. How foreign exchange is traded in the foreign exchange market Notes I. New Words 1. to depreciate vt. 使贬值?=?to make a currency fall in value 2. to appreciate vt. 使升值?=?to increase in value of a currency 3. conversely adv. 相反地 4. to denominate vt. 标价，e.g. be denominated in U.S. dollar 5. fistful a. 一把的；大量的，e.g. a?～?of dollar bills 大量的美钞 6. to distinguish vt. 区别，识别 7. intermediary n. 中介（组织） Notes II. Useful and Idiomatic Expressions 1. to prefer sth. to sth. else 两者比较更喜欢 2. in turn 反过来，转过来，e.g. Theory is based on practice and?～?serves practice. 3. to range from... to... 在……范围内变动，e.g. The increase ranges from several to several dozen times. 4. to stand ready to do sth. 随时准备做某事 5. in constant telephone and computer contact 常用电话和电脑保持联系 6. for purpose of... 以……为目的，e.g.? for purposes of investment or speculation 7. barriers to free trade 自由贸易的壁垒/障碍 8. be relative to... 与……成比例的 Notes III. Key Terms 1. hard currency 硬通货，硬货币，强势货币=a currency that is commonly accepted throughout the world; they are usually those of the western industrialized countries although other currencies have achieved this status, especially within regional trading blocs. 2. market forces 市场力量?=?the forces of supply and demand that in a free market determine the quantity available of a particular product or service and the price at which it is offered. 3. tariff n. 关税?=?taxes on imported goods 4. quota n. 配额，限额?=?restrictions on the quantity of foreign goods that can be imported. Both tariffs and quotas are barriers to free trade. Notes 5. real interest rate实际利率?=?the actual interest rate is less than the current rate of inflation. 与此相对的是nominal interest rate名义利率?=?the