BÀI tập NHÓM TIẾNG ANH NHÓM 1 UNIT 11

Different kinds of moneyToken money is a means of payment whose value or purchasing power as money greatly exceeds its costs of production or value in uses other than as money Token mo

MONEY AND ITS FUNCTIONS

Members 1.Bùi Thị Mai

2 Lương Khánh Linh

3 Bùi Thị Thùy Dương

Unit 11:

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VOCABULARY

/k m d ti / əˈmɒdɪti / ɒdɪti / ɪti / commodity Loại hàng

/ k r( )nsi /ˈkʌr(ə)nsi / ʌr(ə)nsi / ə)nsi / Currency Tiền tệ

/k n s nt/ə)nsi / ˈkʌr(ə)nsi / ɛnt/ consent Sự chấp nhận

/ mi d m v ˈkʌr(ə)nsi / ːdɪəm ɒv ɪə)nsi / ɒv

ks t e nd /

ɪ ˈkʌr(ə)nsi / ʃeɪndʒ/ ɪ ʒ/

Medium of exchange

Phương tiện trao đổi

/ k spr s/ɪ ˈkʌr(ə)nsi / ɛnt/ express Biểu hiện

/ s kj le t/ˈkʌr(ə)nsi / ə)nsi /ːdɪəm ɒv ʊleɪt/ ɪ Circulate Lưu hành

/f s l te t/ə)nsi /ˈkʌr(ə)nsi / ɪ ɪ ɪ facilitate Làm đơn giản hoá/ pr ns p( )l/ˈkʌr(ə)nsi / ɪ ɪ ə)nsi / principal Chủ yếu

/s v /ə)nsi /ːdɪəm ɒv Serve Đảm nhiệm

/ s t( )lm( )nt/ ˈmɒdɪti / ɛt(ə)lm(ə)nt/ ə ə settlement Sự thanh toán

/ k m n / ˈkʌr(ə)nsi / ɒv ə)nsi / common chung

/ m ˈkʌr(ə)nsi / ɛnt/ʒ/ə)nsi / ɒv v valju / ːdɪəm ɒv Measure of value Thước đo giá trị

/ ju n t v ka nt/ ˈkʌr(ə)nsi / ːdɪəm ɒv ɪ ɒv ə)nsi /ˈkʌr(ə)nsi / ʊleɪt/ Unit of account Đơn vị thanh toán

/kw ə)nsi /ʊleɪt/ t / quote Niêm yết

/ s mpl f / ˈkʌr(ə)nsi / ɪ ɪ ʌr(ə)nsi /ɪ Simplify Đơn giản hoá

/kənˈteɪn/ contain Chứa đựng

/ ɪnˈstɔːlm(ə)nt / installment Sự trả góp

/k m d ti  m ni/ ə)nsi /ˈkʌr(ə)nsi / ɒv ɪ ˈkʌr(ə)nsi / ʌr(ə)nsi / Commodity money Tiền hàng

/ mi d t / ɪˈkʌr(ə)nsi / ːdɪəm ɒv ɪə)nsi / immediate Ngay lập tức

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/ t ˈmɒdɪti / əʊk(ə)n mʌni/ ə k( )n m ni/ ʌni/ Token money Tiền dấu hiệu

/ e n ( )nt / ˈkʌr(ə)nsi / ɪ ʃeɪndʒ/ ə)nsi / ancient xưa

/ m t( )l/ ˈkʌr(ə)nsi / ɛnt/ ə)nsi / metal Kim loại

/ pr m t v / ˈkʌr(ə)nsi / ɪ ɪ ɪ primitive Nguyên thuỷ

/t sk  l f( )nt/ ʌr(ə)nsi / ɛnt/ ɪ ə)nsi / Tusk elephant Ngà voi

/f / ə)nsi /ːdɪəm ɒv fur Da thú

/ l vst k / ˈkʌr(ə)nsi / ʌr(ə)nsi /ɪ ɒv livestock Gia súc

/ˈpəːtʃ əsiη paʊə  / Purchasing power Sức mua

/ k si d/ ɪ ˈkʌr(ə)nsi / ːdɪəm ɒv exceed Vượt qua

/ m n t( )ri valju / ˈkʌr(ə)nsi / ʌr(ə)nsi / ɪ ə)nsi / ːdɪəm ɒv Monetary value Giá trị tiền tệ

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The concept of money

Money is a commodity accepted by general consent as a medium of

The functions of money

Different kinds of money

Token money is a means

of payment whose value

or purchasing power as money greatly exceeds its costs of production or value in uses other than

as money

Token money is a means

of payment whose value

or purchasing power as money greatly exceeds its costs of production or value in uses other than

as money

Commodity money

Token money

Money is a commodity accepted by

general consent as a medium of

economic exchange

• A Standard of deferred Payments

Money has 4 important functions They are:

and services and in settlement of debts

A medium of exchange is anything that is widely accepted in payment for goods

and services and in settlement of debts

4 What is the unit of account?

The unit of account is the unit in

which prices are quoted and

account are kept.

Exampt: VND, USD, ERO

Money measures value in it units of

account

The unit of account is the unit in which

prices are quoted and account are kept

Exampt: VND, USD, ERO

6 How is money used as a Store of

value ?

Money is a store of value because it can

be used to make purchases in the future

If you choose not to buy with your

money today, you can save it to buy in

the future

Money is a store of value because it can

be used to make purchases in the future

If you choose not to buy with your

money today, you can save it to buy in

the future

7 How is money used as a

Standard of Deferred Payment ?

When you buy something but do not pay

for it immediately, your payment is

expressed in term of money to be paid in

the future

When you buy something but do not pay

for it immediately, your payment is

expressed in term of money to be paid in

the future

8 When does money do function poorly as a

store of value?

Money does function poorly as a store of value when there is inflation in the economy.

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9 How many kinds of money are there?

What are they?

There are 2 kinds of money.They are:commodity money and token money

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9 What is commodity money?

Commodity money is a useful good that serves as a medium of exchange.

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10 What is token money?

Token money is a means of payment whose value

or purchasing power as money greatly exceeds its cost of production or value in uses other than as money.

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LONG QUESTIONS

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1 Which function of money is the

most important? Why ?

In my opinion, the most important

function is a medium of exchange

Because:

Firstly,people use money for exchanging

goods and services

Secondly,if this function is not exist,other functions are not performed

In my opinion, the most important

function is a medium of exchange

Because:

Firstly,people use money for exchanging

goods and services

Secondly,if this function is not exist,other

functions are not performed

2 What is the differences between

commodity money and token

value or purchasing power

as money greatly exceeds its cost of production or value in uses other than a

money

 token money is used more widely than

commodity money because it can be circulated easily and goverment uses it for controling

inflation

elephant tusks, furs and so on

 Example token money cash, redit card and

so on.

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commodity token

3 Which unit of currency is the

strongest?

USD is the strongest currency used in

international transaction and It is one of the major reserver currency in the world

It is called “ King of currency

Otherwise, Dinar of Kuwait is the highest value currency Because, 1 KWD = 3,5

USD, 1KWD= 2,8 EURO

USD is the strongest currency used in

international transaction and It is one of

the major reserver currency in the world

It is called “ King of currency

Otherwise, Dinar of Kuwait is the highest value currency Because, 1 KWD = 3,5

USD, 1KWD= 2,8 EURO

44 Why does the installment buying

become more and more popular

nowadays?

 For the consumer, people can buy more goods

with their meager salaries, with lower payment

amount, the payment period is extended

 For the companies, installment can help them sell more goods, thereby increasing revenue and profit for the business and attract more customers

For the government, it helps to increase

government revenues from corporate income tax, reducing the state budget deficit

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THANKS FOR YOUR ATTENTION