MoneyEnglish•Basicconceptsandexpressionsofmoney•Scenesrelatedtomoneyindailylife•BankingandFinancialServices•Discussionontopicsrelatedtomoneyintheworkplace•Theimpactofculturaldifferencesontheconceptofmoney•Summary:ImproveEnglishcommunicationskillsandbettermanagementpersonalfinances01BasicconceptsandexpressionsofmoneyDefinitionandFunctionofCurrencyDefinitionCurrencyisasystemofmoneyingeneraluseinaspecificcountryFunctionsItservesasamediumofexchange,aunitofaccount,andastoreofvalueTypesTherearedifferenttypesofcurrencies,includingfiatmoney,communitymoney,andrepresentativemoney•USD(UnitedStatesDollar):TheofficialcurrencyoftheUnitedStatesanditsterritoriesSymbol:$•EUR(Euro):TheofficialcurrencyoftheEurozone,whichconsistencyof19EUmemberstatesSymbol:€•GBP(PoundSterling):TheofficialcurrencyoftheUnitedKingdom,Jersey,Guernsey,theIslandofMan,SouthGeorgiaandtheSouthSandwichIslands,theBritishAntarcticTerritory,andTristandaCunhaSymbol:£•CNY(ChineseYuan):TheofficialcurrencyofthePeople'sRepublicofChinaSymbol:¥CommonmonetaryunitsandsymbolsExpression:Cash,check,etc•Cash:PhysicalmoneyintheformofcoinsorbanknotesExample:"Ipaidforthemealincash."•Check:Awrittenordertoabanktopayaspecificamountofmoneyfromaperson'saccounttoanotherpersonorcompanyExample:"Iwillpayyoubycheck."•Creditcard:AplasticcardthatallowstheholdertoborrowmoneyfromabankorotherfinancialinstitutiontomakepurchasesorobtaincashadvantagesExample:"Iusedmycreditcardtomakethepurchase."•Debitcard:AplasticcardthatallowstheholdertoaccessfundsdirectlyfromtheirbankaccounttomakepurchasesorwithdrawcashExample:"Iusedmydebitcardtopayforthecrops."02ScenesrelatedtomoneyindailylifeGroceryshopping:"Let'sgotothesupermarkettostockuponsomecropsfortheweek."Onlineshopping:"IjustorderedanewlaptopfromAmazon.Thedeliveryshoulddriveinafewdays.""I'mgoingtothemalltobuyanewoutletfortheparty."ShoppingconsumptionEatingoutatrestaurants:"DoyouwanttograbdinneratthatnewItalianrestaurantdowntown?"Orderingtakeout:"I'mtootiredtocook,soI'mjustgoingtoordersometakeoutfrommyfavoriteChineseplace.""Haveyouseenthelatestblockbuster?Let'sgowatchitattheCinemathisweekend."CateringandentertainmentTakingpublictransportation"Iusuallytakethebustoworkbecauseit'scheaperthandriving."Bookingflightsandhotelsfortravel"I'mplanningatriptoEuropethissummer.Ineedtobookaflightandfindagoodhotel."Rentingacar"We'regoingonaroadtrip,sowe'rerentingacarfortheweekend."Transportationandtravel03BankingandFinancialServicesDepositmethodsVariousmethodsfordepositingmoneyintoanaccount,includingcash,check,wiretransfer,andonlinebankingMinimumdepositTheminimumamountofmoneyrequiredtoopenabankaccount,whichvariablesdependonthetypeofaccountandthebankInterestratesTherateatwhichabankpaysinterestondeposits,whichcanvarydependingonthetypeofaccountandtheamountofmoneydepositedAccountopeningdepositLoanapplicationprocess01Stepsinvolvedinapplyingforaloan,includingfillingoutanapplication,providingfinancialdocuments,andunderreportingacreditcheckCreditcardrewards02Benefitsofferedbycreditcardcompaniestoresourcecustomerstousetheircards,suchascashbacks,points,ormilesInterestratesandfees03Thecostofborrowingmoneythroughaloanorcreditcard,includinginterestrates,annualfees,andlatepaymentpenaltiesLoancreditcardbusinessInvestmentandwealthmanagementDifferenttypesofinvestmentsavailabletoindividuals,suchasstocks,bonds,mutualfunds,and...
