财经英语阅读教案

《财经英语阅读》教案

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2ChapterOneEconomicGlobalization课题：

ChapterOneEconomicGlobalization(1)课时：2periods教学目标：Graspthemainideasofthetexts.Gainanunderstandingofeconomicglobalization.Understandsomeofthedifficultsentences.Mastertheusefultechnicaltermsandphrases.3教学重点及难点1.UnderstandthemainideasofTextA.2.Mastertheusefultechnicaltermsandphrases.4

ShowadiagramofGlobalizationandPoverty.TeachingprocedureStep1Warmup5Step2PresentationAnswerthefollowingquestionsafterreadingTextA.1.Whatiseconomicglobalization?Key:Economicglobalizationreferstotheincreasinginterdependenceofworldeconomiesasaresultofthegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.2.Whatarethetwomajordrivingforcesforeconomicglobalization?Key:1.Developmentofscienceandtechnologies2.Marketization6Step2Presentation3.Howmanyrisksforthedevelopingcountriesarementionedinthetext?Key:Two.Firstofall,economicglobalizationhasinfactexpandedratherthanreducedthegapbetweentheNorthandSouth.Secondly,economicglobalizationhasalsomadedevelopingcountries’riskofbeingconcussedbyunfavorableexternalfactors.4.Accordingtothetext,howmanymeasurescandevelopingcountriestaketopreventtherisksresultingfromeconomicglobalizations?Key:Three./keywords:inthefirstplace,secondly,thirdly

7Step4

ThestructureoftextAPartI:OpeningremarksPartII:TwoMajorDrivingForcesPartIII:EconomicGlobalizationtotheDevelopedCountriesPartIV:RiskstotheDevelopingCountriesPartV:PreventionagainstRelatedRisks8Step5DetailsDiscussed1.Whatarethefactorsbroughtabouteconomicglobalization?(Signalwords:asaresultof)Key:thegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.9Step5DetailsofpartI,II2.Howdothetwomajordrivingforcesmentionedinthepassagemakeeconomicglobalizationpossible?（Answerthequestionsandcompletetheflowchart.）①advancementofsciencesandtechnology

↓reducethecosttransportationandcommunication

↓makeitpossible②marketization(market-orientedreform)↓countriescutdowntariff&non-tariffbarriers+openupmorecurrentaccount&capitalaccounts↓thedevelopmentoftrade&investment+transitionofeconomicsystem↓makeitpossible10Step5DetailsofpartI,II3.Howdothe“timeandspacecompressioneffect”oftechnologicaladvancementinfluencetheglobaleconomy?Key:Thiskindof“timeandspacecompressioneffect”oftechnologicaladvancementgreatlyreducedthecostofinternationaltradeandinvestment,thusmakingitpossibletoorganizeandcoordinateglobalproduction.4.What‘stheeffectofthenetworking-basedeconomyoneconomicglobalization？Key:Thedevelopmentofthenetworking-basedeconomyhasgivenbirthtoalargegroupofshadowenterprises,makingtheconceptofnationalboundariesanddistanceforcertaineconomicactivitiesmeaningless.11Step6Explaintheimportantpoints1.Economicglobalizationreferstotheincreasinginterdependenceofworldeconomiesasaresultofthegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.经济全球化指的是由于跨国之间商品贸易和服务、国际资本的流通规模的日益加大，以及技术的快速传播而导致世界经济的日益相互依赖性。2.Moreoverthedevelopmentofthenetworking-basedeconomyhasgivenbirthtoalargegroupofshadowenterprises,makingtheconceptofnationalboundariesanddistanceforcertaineconomicactivitiesmeaningless.另外，网络经济的发展催生了一大群影子公司，使“某种经济活动存在着国家界限和距离”的观念变得毫无意义。12Step6Explaintheimportantpointsshadowenterprise：影子公司。在欧美企业界流行一种以合作为内容的新的组合模式，其不是一个法人组织，没有常见的组织机构，因而被称为“影子公司”。

耐克公司没有生产工厂、没有生产设备、没有生产工人，甚至在7800名职员中没有一个人会做鞋，却成为世界知名的旅游鞋供货商。它借世界各地鞋厂的资金、人才、设备来为生产自己设计的产品，既缩短了生产与销售周期，又节省了运输、关税成本。13Step7Homework1.Reviewwhatwehavelearnttoday.2.Previewtherestofthetext.

《财经英语阅读》教案

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15ChapterOne

EconomicGlobalization课题：

ChapterOneEconomicGlobalization(2)

课时：2periods教学目标：

GraspthemainideasoftheTextAGainanunderstandingofeconomicglobalization.UnderstandsomeofthedifficultsentencesMastertheusefultechnicaltermsandphrases.16教学重点及难点UnderstandthemainideasofTextA.Mastertheusefultechnicaltermsandphrases.17

Reviewsomeinformationlearntinthepreviousperiods.ThemainideaandstructureoftextAPartIOpeningremarksPartIITwoMajorDrivingForcesPartIIIEconomicGlobalizationtotheDevelopedCountries

PartIVRiskstotheDevelopingCountriesPartVPreventionagainstRelatedRisksTeachingprocedureStep1

Revision18TeachingprocedureStep1

Revision

2.Whatiseconomicglobalization?Key:Economicglobalizationreferstotheincreasinginterdependenceofworldeconomiesasaresultofthegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.3.Whatarethetwomajordrivingforces?Key:1.Developmentofscienceandtechnologies2.Marketization19Step2FindoutthesupportingdetailsGuideSstofindoutthesupportingdetailsofPartII,IVandVbyansweringthefollowingquestions.1.Whatdodevelopedcountriesdoinrecentyearswhenenteringtheeraofknowledgeeconomy?Key:Inrecentyears,developedcountriesinthewestaregraduallyenteringtheeraofknowledgeeconomyandhavestartedtoshifttodevelopingcountriesmanylabor-intensiveindustriesofweakinternationalcompetitiveness.2.Whydoenterprisesresorttomergersandacquisitionsoneafteranother?Key:Becausetheywanttoraisetheirpositionsandimprovetheircompetitivenessattheinternationalmarket20Step2Findoutthesupportingdetails3.Howdothedevelopedcountriesplaytheirdominantroleintheprocessofeconomicglobalization?Key:Thedominantroleofdevelopedcountriesintheprocessofeconomicglobalizationisreflectedinthefactthatitistheythatdeterminetherulesforinternationaleconomicexchanges.InternationaleconomicandfinancialorganizationsareunderthecontroloftheUnitedStatesandotherwesterncountries.Theyhavebeenusingtheseadvantagestopromoteanddominatethedevelopmentofglobalization.KEYPOINTS:①determinetherulesbycontrollingtheInternationaleconomicandfinancialorganizations②promoteanddominatethedevelopmentofglobalization.21Step2Findoutthesupportingdetails4.Whatkindofcountryenjoysmostbenefitfromeconomicglobalization?Key:developedcountries5.Whatbenefitscanthedevelopingcountriesgetintheprocessofeconomicglobalization?Key:Theparticipationofdevelopingcountriesintheglobalizationprocesscanenablethemtobetterutilize

theircomparativeadvantages,introduceadvancedtechnologies,foreigncapitalandmanagementexperience.Itisalsofavorableforeliminatingmonopolisticbehaviorsandstrengtheningmarketcompetition.KEYPOINTS:①betterutilize

theircomparativeadvantages.②introduceadvancedtechnologies,foreigncapitalandmanagementexperience.③eliminatemonopolisticbehaviorsandstrengthenmarketcompetition.22Step2Findoutthesupportingdetails6.Whatarethedisadvantagesofeconomicglobalizationtothedevelopingcountries?Key:Whileprovidingmoredevelopmentopportunitiesfordevelopingcountries,theglobalizationprocessisalsoposingenormousrisksFirstofall,economicglobalizationhasinfactexpandedratherthanreducedthegapbetweentheNorthandSouth.Secondly,economicglobalizationhasalsomadedevelopingcountries’riskofbeingconcussedbyunfavorableexternalfactors.7．CanyougiveussomedatatoexplainwhyglobalizationhasexpandedratherthanreducedthegapbetweentheNorthandSouth?Key:AccordingtosomereportpublishedbyUNin1999,thenumberofdevelopingcountriesthathavebenefitedfromeconomicglobalizationwassmallerthan20.Thedifferenceofincomepercapitalbetweentherichestcountryandpoorestcountryhasenlargedfrom30timesin1960tothecurrent70times.23Step2Findoutthesupportingdetails8．Whatbringsenormousimpactsontheeconomicsafetyandfinancialstabilityofdevelopingcountriesintheprocessofeconomicglobalization？Key:Withcontinuousinnovationoffinancialinstruments,rapidexpansionoffinancialassetsandthetrendofprivatizationofinternationalcapital,alargevolumeofinternationalfloatingcapitalhasbroughtalongenormousimpactsontheeconomicsafetyandfinancialstabilityofdevelopingcountries.9．What’stheeffectofthehugeamountoffloatinginternationalcapitalsondevelopingcountries?Key:Thehugeamountoffloatinginternationalcapitalsmayleaduptobubbleeconomiesanddisorderlyfluctuationofforeignexchangerates.Theymayalsoweakenthemonetarysovereigntyofacountryandbringalongadysfunctionofitsmonetarypolicy.24Step2Findoutthesupportingdetails10．Whatmeasuresaresuggestedtakingtopreventtherisksresultingfromeconomicglobalization?Key:Inthefirstplace,internationaleconomicorganizationsshouldplayabiggerroleintheprocessofeconomicglobalization.Secondly,Interestsofdevelopingcountriesshouldbeguaranteedandtheirsayenlargedintheprocessofdevelopinganewinternationaleconomicorder.Thirdly,thestepofreformingeconomicsystemandreadjustingeconomicstructuresshouldbequickened.25Step2Findoutthesupportingdetails11．Whatmeasuresshouldbeundertakentochangethelimitationsofcurrentinternationaleconomicorganizations?Key:(1)Thecoordinationofthemacroeconomicofdifferentcountriesshouldbestrengthened,andIMFandWorldBankshouldestablishperfectearlywarningsystemagainstfinancialcrisisandbuilduptheirpost-crisissupportingcapacities.(2)Thecross-borderfinancialsupervisionshouldbestrengthened.(3)Appropriatecontrolovertheflowofinternationalcapital,particularlyovertheflowofshort-termcapitalthathasseriousnegativeeffects,shouldbeexercised.26Step3Explaintheimportantlanguagepoints1.Inrecentyears,developedcountriesinthewestaregraduallyenteringtheeraofknowledgeeconomyandhavestartedtoshifttodevelopingcountriesmanylabor-intensiveindustriesofweakinternationalcompetitiveness.近年来，西方发达国家正逐步进入知识经济的时代，他们已经开始转向发展中国家中许多在国际上竞争力薄弱的劳动密集型产业。labor-intensiveindustries：劳动密集型产业，是指进行生产主要依靠大量的劳动力，而对技术和设备的依赖程度较低的产业。其衡量的标准是在生产成本中工资与设备折旧和研究开发支出相比所占比重较大。27Step3Explaintheimportantlanguagepoints2.Thedominantroleofdevelopedcountriesintheprocessofeconomicglobalizationisreflectedinthefactthatitistheythatdeterminetherulesforinternationaleconomicexchanges.发达国家在经济全球化过程中一直占据领导支配地位，它们的支配地位表现为国际经济交流规则是由它们来决定的。28Step3Explaintheimportantlanguagepoints3.Underopeneconomicconditions,theconflictbetweentherealizationofexternaleconomicequilibriumandthatofinternaleconomicequilibriumisagreatconstraintonthemacroeconomicpoliciesofdevelopingcountries,weakeningtheircapacityofmacroeconomiccontrolandregulation.在开放的经济环境下，内、外部经济平衡的实现之间的冲突对发展中国家宏观经济政策的实施是一大限制，它正在削弱发展中国家对宏观经济调控的能力。29Step3Explaintheimportantlanguagepoints4.The“sheep-flockingeffect”andthe“self-fulfillingmechanism”ofmonetarycrisisexistingininternationalfinancialmarketswillfurtherstrengthentheconcussionsufferedbydevelopingcountries.

而国际金融市场中所存在的货币危机中的“羊群效应”和“自我实现机制”会进一步加深发展中国家的动荡。30Step3Explaintheimportantpoints5.Whatisinstrikingcontrastwiththerapiddevelopmentofeconomicglobalizationisthevacancyofanorganizationforglobaleconomicregulationandcontrolaswellasthelaggingbehindoftheestablishmentofaregulatorysystem.与经济全球化快速发展形成明显反差的是缺乏一个对全球经济进行调节和控制的组织，以及调节机制建立的滞后。31Step3Explaintheimportantpoints6.Atthemicroeconomiclevel,thegovernmentshouldplaythemajorroleinestablishingincentiveandconstrainingmechanismsinlinewithenterprisesystemandcorporategovernancesoastoimproveenterprises'efficiencyandcompetitiveness.从微观经济的水平上来说，政府应该在建立符合企业体制和企业管理的激励和约束机制中发挥重要作用，以提高企业的效率和竞争力。32Step4Post–reading

HowshouldChinameetthechallengeofeconomicglobalization?Key:(MeetChallengesTogetherandPromoteSustainableDevelopmentFirst,makeunremittingeffortstofullyrestoreworldeconomicgrowth.Second,takealong-termperspectiveandpromotesustainablegrowth.Torealizesustainableeconomicgrowth,itisimperativetodeveloparesource-conservingandenvironment-friendlymodeofproduction,wayoflifeandmodeofconsumption,andstrikeabalanceamongeconomicgrowth,socialprogressandenvironmentalprotection.

33Step4Post–readingThird,followaholisticapproachandadvocateinclusivegrowth.Toachievesustainablesocialdevelopment,itisimperativetoensurethateconomicglobalizationandeconomicgrowthbenefitallcountriesandregionsandpeopleofallsectors.Fourth,engageincomprehensivecoordinationandpursuebalancedgrowth.Onlybyaccommodatingtheinterestsandneedsofbothdevelopedanddevelopingmembersandbyachievingbalancedandcoordinatedeconomicgrowthofbothsidescanwetrulyhavebalancedandorderlydevelopmentoftheworldeconomy.—Supportsounddevelopmentofthemultilateraltradingregimewithstrongerconfidence.—Meettheclimatechallengethroughfullcooperation.34Step5FillinthefollowingchartsprocessofglobalindustrialrestructuringandreadjustmentFlowChart1developedcountries↓entertheeraofknowledgeeconomy↓shiftmanylabor-intensiveindustriestodevelopingcountries↓cross-countryshiftglobalindustrialreadjustmentFlowChart2enterprises↓toraisepositionsandimprovetheircompetitivenessresorttomergersandacquisitions↓resultedinglobalindustrialrestructuring35Step6ThespecialtermsofTextA

flowofinternationalcapital

openupcurrentaccounts

industrialrestructuringandreadjustmenteconomicglobalizationincomepercapital

internationaleconomicorder36Step7Homework1.Reviewwhatwehavelearnttoday.2.Rememberthespecialterms.3.FinishtheexercisesofTextA.

《财经英语阅读》教案

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38ChapterOne

EconomicGlobalization

课题：ChapterOneEconomicGlobalization

(3)

课时：2periods教学目标：

UnderstandthemainideaofTextBandTextCAcquireinsightsintothecausesandeffectsofsubprimecrisis.Haveanideaofthefinancialcrisis'impactonglobalization.MasterReadingSkills:Readingandreadingabilities 39教学重点及难点Acquireinsightsintothecausesandeffectsofsubprimecrisis.Haveagoodcommandoftherelatedusefultechnicalwordsandphrases40

ReviewthemainpointsinTextAIAnswerthefollowingquestions1.Whatdodevelopedcountriesdoinrecentyearswhenenteringtheeraofknowledgeeconomy?Key:Inrecentyears,developedcountriesinthewestaregraduallyenteringtheeraofknowledgeeconomyandhavestartedtoshifttodevelopingcountriesmanylabor-intensiveindustriesofweakinternationalcompetitiveness.2.Whydoenterprisesresorttomergersandacquisitionsoneafteranother?Key:BecausetheywanttoraisetheirpositionsandimprovetheircompetitivenessattheinternationalmarketTeachingprocedureStep1

Revision41TeachingprocedureStep1

Revision

3.Howdothedevelopedcountriesplaytheirdominantroleintheprocessofeconomicglobalization?Key:Thedominantroleofdevelopedcountriesintheprocessofeconomicglobalizationisreflectedinthefactthatitistheythatdeterminetherulesforinternationaleconomicexchanges.InternationaleconomicandfinancialorganizationsareunderthecontroloftheUnitedStatesandotherwesterncountries.Theyhavebeenusingtheseadvantagestopromoteanddominatethedevelopmentofglobalization.42Step1

RevisionⅡ.ChecktheanswersoftheexercisesoftextA.43Step2Explainreadingskill(1)Readingandreadingabilities.WhatisReadingMostofusthinkofreadingasasimple,passiveprocessthatinvolvesreadingwordsinalinearfashionandinternalizingtheirmeaningoneatatime.Butreadingisactuallyaverycomplexprocessthatrequiresagreatdealofactiveparticipationonthepartofthereader.Togetabettersenseofthecomplexityofreading,readwhatsomeexpertsinthefieldhavesaid

aboutthereadingprocess.44Step2Explainreadingskill(1)Whatdoweread?Themessageisnotsomethinggiveninadvanceorgivenatall，butsomethingcreatedbyinteractionbetweenwritersandreadersasparticipantsinaparticularcommunicativesituation.——RoyHarrisinRethinkingWriting(2000)Readingisaskingquestionsofprintedtext.Andreadingwithcomprehensionbecomesamatterofgettingyourquestionsanswered.——FrankSmithinReadingWithoutNonsense(1997)45Step2Explainreadingskill(1)Readingisapsycholinguisticguessinggame.Itinvolvesaninteractionbetweenthoughtandlanguage.Efficientreadingdoesnotresultfrompreciseperceptionandidentificationofallelements,butfromskillinselectingthefewest,mostproductivecuesnecessarytoproduceguesseswhicharerightatthefirsttime.Theabilitytoanticipatethatwhichhasnotbeenseen,ofcourse,isvitalinreading,justastheabilitytoanticipatewhathasnotyetbeenheardisvitalinlistening.——KennethGoodmaninJournaloftheReadingSpecialist(1967)46Step2Explainreadingskill(1)Literacypracticesarealmostalwaysfullyintegratedwith,interwoveninto,constitutedaspartof,theverytextureofwiderpracticesthatinvolvetalk,interaction,values,andbeliefs.——JamesGeeinSocialLinguisticsandLiteracies(1996)Asyoucansee,readinginvolvesmanycomplexskillsthathavetocometogetherinorderforthereadertobesuccessful.Forexample,proficientreadersrecognizethepurposeforreading,approachthereadingwiththatpurposeinmind,usestrategiesthathaveprovensuccessfultotheminthepastwhenreadingsimilartextsforsimilarpurposes,monitortheircomprehensionofthetext47Step2Explainreadingskill(1)inlightofthepurposeforreading,andifneededadjusttheirstrategyuse.Proficientreadersknowwhenunknownwordswillinterferewithachievingtheirpurposeforreading,andwhentheywon't.Whenunknownwordsariseandtheirmeaningisneededforcomprehension,proficientreadershaveanumberofwordattackstrategiesavailabletothemthatwillallowthemtodecipherthemeaningofthewordstotheextentthattheyareneededtoachievethepurposeforreading.Readingisalsoacomplexprocessinthatproficientreadersgivetothetextasmuchastheytake.48Step2Explainreadingskill(1)Theymakemeaningfromthetextbyusingtheirownpriorknowledgeandexperiences.Proficientreadersareconstantlymakingpredictionswhilereading.Theyarecontinuouslyanticipatingwhatwillcomenext.Theirpriorknowledgeandexperienceswithtextsaswellaswiththeworldaroundthemallowthemtodothis.Itisthiscontinuousinteractionwiththetextthatallowsreaderstomakesenseofwhattheyarereading.49Step3ReadTextBReadTextBandfinishtheexercises.50Step4TextCReadTextCandfinishtheexercises

51Step5Findoutthespecialterms

1.subprimemortgagecrisis2.adjustableratemortgages3.mortgage-backedsecurities4.multilateraltradenegotiation52Step6ConsolidationHelpSstorememberthekeyspecialtermsforthischapterinagameorcompetitiveactivity.53Step7HomeworkReviewwhathasbeenlearnt.Previewforthenextperiods.

《财经英语阅读》教案

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55ChapterTwo

MoneyMarket课题：ChapterTwoMoneyMarket(1)

课时：2periods教学目标：GraspthemainideasoftheTextAKnowthefactor&participantsofmoney.56教学重点及难点UnderstandthemainideasofTextA.Haveagoodcommandoftheusefultechnicalwordsandphrases.57

ReviewthekeyinformationandtherelatedusefultechnicalwordsandphrasesofChapterOne:1.Whatiseconomicglobalization?2.Whatarethetwomajordrivingforces?3.Whatmeasuresaresuggestedtakingtopreventtherisksresultingfromeconomicglobalization?TeachingprocedureStep1

Revision58Step1

Revision2.Pleasetranslatethefollowingwordsorterms:经济全球化人均收入房地产泡沫市场汇率财政救援开立活期账户国际资本的流通59Step2PresentationWearequitefamilarwithMarket.DoyouknowthemeaningofmarketinChinese?Therearemanykindsofmarket.Whatkindofmarketdoyouknow?(Doyouknowwhatkindofmarketdowehave?)Inourdailylife,wehavesupermarket,commoditiesmarket,stockmarket,wealsogotamoneymarket.Thentellmedoyouknowwhatismoneymarket?Dowesellmoneyinthemoneymarket?Supposeyoufindyourselfwithalittleidlemoney.Whatwillyoudowithyourmoney?Ifyoudepositinabank,youcanonlyearnlittleinterest.Doyouwanttomakemoremoneywiththemoneyyouhave?Buthowtomakemoneywithmoney?60Step2PresentationIfyouinvestinstockmarket,areyousureyoucanwinandearnsmuchmoney?Asweknow,ifyouwanttotakegreaterrewards,youhavetotakemorerisk.Anddoyouknowwhatkindofinvestmentsisthemostsafestwaytoearnsomemoneyandoffersquickaccesstoyourmoney?Youcaninvestinmoneymarket.Investinginthemoneymarketmayofferyoubetterreturnsthanthoseyoucanearnfromasavingsaccount-andyourmoneyisalmostassafeasitisinthebank.Thistypeofinvestmentisidealformoneyyouwanttoputawayovertheshorttermandyoucanoffersquickaccesstoyourmoney.Anddoyouknowwhatismoneymarket?Ok,nowfirstofall,let’sturntoChapter2,andreadthetextandfindoutwhatismoneymarketexactlyfirstandwhat’sthecharacteristicsofit.·61Step3

Fastreading

Alright,nowIwouldliketogiveyou10minutestoreadTextA,discussingroupsandtrytofindoutsomekeyinformationtothequestions.Thenhavesomegroupsreporttheirdiscussionresults.1.Whatismoneymarket?Key:Themoneymarketisawholesalemarketforlow-risk,highlyliquid,short-termdebtinstrumentsorpromissorynote.Itisamarketforvarioussortsofdebtsecuritiesratherthanequities.Traditionally,itisdefinedasthemarketforfinancialassetsthathaveoriginalmaturitiesofoneyearorless.62Step3

Fastreading2.Whatarethecharacteristicsofmoneymarket?Key:Firstandmostobviously,moneymarketisnotonemarketbutacollectionofmarketsforseveraldistinctanddifferentinstruments.Asecondsalientcharacteristicisthenumerousandvariedcastofparticipants.Thirdly,thekeycharacteristicofthemoneymarketisthatitisawholesalemarket.Thefourthcharacteristicishonor.Fifth,innovation.633.Whatdothemoneymarketinstrumentsmainlyconsistof?Key:Themoneymarketinstrumentsmainlyconsistoftreasurybills,certificatesofdeposit,commercialpaper,bankers’acceptancebill,repurchaseagreement,municipalnotsandothers.Step3

Fastreading64Step4

ThestructureoftextA

Pleasefindoutthestructureofthetextandthemainideaofeachpart.You’rerequiredtodiscussingroupsandselectonemembertotellusthemainideaofthetextinyourownwords.65Step4

ThestructureoftextAPartⅠOpeningremarksPartⅡDistinguishfactor&ParticipantsofMoneyMarketPartⅢCharacteristicsofMoneyMarketPartⅣMoneyMarketInstruments66Step5DetailsofpartI&II

FindoutthesupportingdetailsofPartI&IIGuideSstofindoutthesupportingdetailsbyansweringthefollowingquestions:PartⅠGuideSstofindoutthesupportingdetailsbyansweringthefollowingquestions.1.Whatismoneymarketinessence?Key:Inessence,itisthemarketforshort-termdebtinstruments.2.Whatarethefinancialassetstradedinmoneymarket?Key:Financialassetstradedinmoneymarketincludesuchinstrumentsastreasurybills,commercialpaper,bankersacceptances,certificatesofdeposit,repurchaseagreements,billsofexchangeandsoon.673.Whatisthemainfunctionofthemoneymarket?Key:Themainfunctionofthemoneymarketistoraisefund,forthegovernment,financialinstitutions,enterprisesandpersonalinvestorstomanagetheirassets.4.Whatisthecoreofthemoneymarket?Key:Thecoreofthemoneymaketconsistsofbanksborrowingandlendingtoeachother,usingcommercialpaper,repurchaseagreementsandsimilarinstruments.Step5DetailsofpartI&II68Step5DetailsofpartI,II,IIIPartII1.Whatisthedistinguishingfactorofthemoneymarket?Key:Thedistinguishingfactorofthemoneymarketisthatitprovidesforonlyshort-termcashrequirements,capitalflowchannels,usuallynormorethanayear.2.Whydowesaythemoneymarketwillalwaysberequired?Key:Themarketwillalways,withoutfail,berequiredbecausetheneedsoflongcashandshortarenevercompletelysynchronized.69Step5DetailsofpartI&II3.Isitrightthatmostoftheparticipantareborrower?Key:No.largenumbersofthemarebothborrowersandlendersatthesametime.Whataretheparticipantsofthemoneymarket?Key:Theparticipantsinthemarketaremanyandvaried,andlargenumbersofthemarebothborrowersandlendersatthesametime.Theyinclude:(1)..(2)..(3)..(4)..(5)..(6)...70Step6Explaintheimportantpointsinstitutions,enterprisesandpersonalinvestorstomanage1.Themoneymarketisawholesalemarketforlow-risk,highlyliquid,short-termdebtinstrumentsorpromissorynote.货币市场是一个低风险、流动性强的短期债务票据或借据借贷的资金批发市场。2.FinancialassetstradedinthismarketincludesuchinstrumentsasTreasurybills,commerci