unit one money, monetary policy and the function of money part a text i. the meaning of money ii. the origins and kinds of money iii. the functions of money iv. the monetary policy and money supply part b words & phrases part c terminology practice part d exercises part e supplementary reading unit two foreign exchange, exchange rate and foreign exchangemarket part a text i. foreign exchange ii. exchange rate iii. foreign exchange market iv. elements influencing exchange rates v. types of foreign exchange transactions part b words & phrases part c terminology practice part d exercises part e supplementary reading unit three financial instruments part a text i. definition of financial instruments ii. categorization iii. traditional financial instruments part b words & phrases part c terminology practice part d exercises part e supplementary reading unit four commercial banks part a text i. what is a commercial bank? ii. the history of commercial banks iii. the operations of commercial banks iv. the commercial banks in china part b words & phrases part c terminology practice part d exercises part e supplementary reading unit five central bank part a text i. brief introduction of central banks ii. the history of central bank iii. the functions of the central bank iv. the central bank and monetary policy v. the people's bank of china (pbc) part b words & phrases part c terminology practice part d exercises part e supplementary reading unit six financial markets part a text i. functions of financial markets ii. the major players in financial markets iii. types of markets iv. types of investment risk part b words & phrases part c terminology practice part d exercises part e supplementary reading unit seven insurance part a text i. insurable interest ii. insurance premium iii. insurance policy or certificate part b words & phrases part c terminology practice part d exercises part e supplementary reading unit eight inflation part a text i. measuring inflation ii. effects of inflation iii. causes of inflation iv. controlling inflation part b words & phrases part c terminology practice part d exercises part e supplementary reading unit nine balance of payments part a text i. what is the balance of payments (bop)? ii. current account iii. capital account iv. financial account v. official international reserves vi. net errors and omissions vii. balance of payments equilibrium viii. bop adjustment part b words & phrases part c terminology practice part d exercises part e supplementary reading unit ten the international monetary system part a text i. the gold standard system ii. the bretton woods system iii. the floating exchange rate system iv. the european monetary system part b words & phrases part c terminology practice part d exercises part e supplementary reading unit eleven payment in international trade part a text i. modes of international payment ii. remittance iii. collection iv. letter of credit part b words & phrases part c terminology practice part d exercises part e supplementary reading unit twelve international finance organization part a text i. the international monetary fund (imf) ii. the world bank iii. the asian development bank (adb) part b words & phrases part c terminology practice part d exercises part e supplementary reading