Tiền- chức năng tiền

MONEY AND ITS FUNCTION
(Tiền- chức năng tiền)


I. Vocabulary
II. Question
III. Summery


I.

Vocabulary

Concept
Commodity
Consent
Circulate
Wealth
Facilitate
Principal
Measure
Measurement
Standard
Medium of exchange

Settlement
Common
Quote

/ˈkɒn.sɛpt/

Khái niệm

/kəˈmɑːdəti/

Hàng hóa

/kɒn.’sɛnt/

Sự đồng lòng

/ˈsɜː(r)kjʊleɪt/

Lưu hành

/welθ/

Của cải

/fəˈsɪləteɪt/

Tạo điều kiện

/ˈprɪnsɪpəl/

Chính, chủ yếu

/ˈmɛʒə/

Thước đo

/ˈmeʒə(r)mənt/

Sự đo lường

/ˈstændə(r)d/

Tiêu chuẩn

/ˈmiːdɪəm/ /əv/

Phương tiện thanh toán

/ɪkstʃeɪndʒ/

Sự thanh toán

/ˈset(ə)lmənt/ /ˈkɒmən/

Phổ biến

/kwəʊt/

Định giá


I.

Vocabulary

Sterling

Store of money Simplify
Immediately
Installment
Material
Article
Livestock
Elephant tusk
Value
Defer

/ˈstɜː(r)lɪŋ/

Đồng bảng anh
Phương tiện cất trữ

/ˈsɪmplɪfaɪ/

Đơn giản hóa

/ɪˈmiːdiətli/

Ngay lập tức

/ɪnˈstɔːlmənt/

Phần trả mỗi lần

/məˈtɪəriəl/

Vật chất

/ˈɑː(r)tɪk(ə)l/

Đồ, vật phẩm

/ˈlaɪvˌstɒk/

Gia súc, vật nuôi

/ˈelɪfənt/ /tʌsk/

Ngà voi

/ˈvæljuː/

Giá trị

/dɪˈfɜː(r)/

Hoãn lại


I.

Vocabulary
/ˈmiːdɪəm/ /tʃeɪndʒ/

Medium of change

/ˈmɛʒə/ /ˈvæl.juː/

phương tiện trao đổi

Measure of value

/ˈpeɪɪmənt/

thước đo giá trị

Payment

/ˈstændɚd/ /ˈpeɪɪmənt/

thanh toán, khoản thanh toán
phương tiện trả chậm

Standard of deferred payment
Installment buying

/ɪnˈstɔːlmənt/

mua trả góp

Token money

/ˈtoʊkən/ /ˈmʌni/

tiền dấu hiệu

Purchasing power

sức mua

Monetary value

giá trị bằng tiền

Reserve currency

tiền dự trữ

Foreign exchange reserve

/ˈkɝ.ən.si/

dự trữ ngoại hối

Rish

/ˈfɒɹən/ /ɛkstʃeɪndʒ/

rủi ro

Inconvenience

sự bất tiện

Representative money

tiền đại diện

/reprɪˈzentətɪv/ /ˈmʌni/


II.

Questions

1. What is the medium of exchange?


A medium of exchange is anything that is widely accepted in payment for goods
and settlement of debt.

2. What is the measure of value?


Money is used as a unit of account

The unit of account is the unit, in which prices are quoted and account are kept.

3. What is the store of value?


If you don’t use your money to buy goods now, you can save it to buy in the
future.


II.

Questions

4.

What is the standard of deferred of payments?



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.

5.

What is a commodity money?



6.

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

What is a token money?



Token money is a means of payment whose value or purchasing power
exceeds its costs production.


II.

Questions

7.

Why has the function ‘standard of deferred payments become increasingly important?



Because of the wide use of installment buying.

8. How is money used as medium of exchange?



People buy or sell goods in exchange for money. Money is a medium
through which people exchange goods and services.

9. How is money used as a unit of account?



If we choose not to buy with our money toda, we can buy in the future.


III.

Summary
Unit 11 is about money and its function. There are some main ideas:

 -Firstly, it talks about the concept of money. Money is a commodity accepted by general

consent as a medium of economic exchange.

 -Secondly, it talks about the functions of money.
 There are four functions of money. They are: medium of exchange, a measure of value,
a store of value, a standard of deferred payments.

 -Finally, it talks about the two types of money. They are commodity money and token
money.


II.
1.

Expanded questions

What is a reserve currency? And why do countries keep reserve currency?

(Tiền dự trữ là gì? Tại sao các quốc gia giữ tiền dự trữ)



Reserve currency is a currency that is held in large amounts by central banks and financial
institutions as part of their foreign exchange reserves. The main reserve currency of the countries
right now is the US Dollar.
(foreign exchange reserve: dự trữ ngoại hối.)



Countries keep reserve currency because it’s commonly used in international transactions and it’s
used to pay off international debts. Holding reserves currency minimizes exchange rate risk

because it allows two nations to conduct transactions with each other in the same currency


II.
2.

Expanded questions

What do you think is the most important function of money? And why?




In my opinion, a medium exchange is the most important function of money.
Because if without this function, all transactions would be more difficult. This function can avoid the
inconveniences of a pure barter system.


THANK YOU