base coin; base bullion; bad coin; bad money

简明释义

劣币

英英释义

例句

1.The collector was disappointed to find that the coin was a bad coin (劣质硬币) and not worth anything.

收藏家失望地发现这枚硬币是劣质硬币，没有任何价值。

2.Many countries have regulations against the circulation of bad money (劣质货币) to protect their economies.

许多国家对流通劣质货币有规定，以保护其经济。

3.In a barter economy, people might consider certain items as bad money (劣质货币) if they do not hold value over time.

在以物易物的经济中，人们可能会认为某些物品是劣质货币，如果它们随时间不再具有价值。

4.Investors often avoid base bullion (低级金属) because it lacks intrinsic value compared to precious metals.

投资者通常避免低级金属，因为与贵金属相比，它缺乏内在价值。

5.The ancient civilization used a base coin (低级货币) made of copper for everyday transactions.

古代文明使用了一种由铜制成的低级货币用于日常交易。

作文

In the world of finance and economics, various terms are used to describe different types of currency and their inherent value. Among these terms are base coin (低值硬币), base bullion (低品位金属), bad coin (劣币), and bad money (劣质货币). Understanding these concepts is crucial for anyone interested in monetary systems and their implications on trade and investment.A base coin refers to a type of currency that is made from metals of lower value compared to precious metals like gold or silver. Historically, base coins were often used in everyday transactions due to their availability and lower cost. However, they lacked the intrinsic value that precious metal coins possessed. This distinction is important because it highlights how the value of currency can be influenced by its material composition. In modern economies, base coins might still be used as part of a fiat currency system, where the government backs the paper money but does not tie it to a physical commodity.On the other hand, base bullion refers specifically to metals that are not considered precious and have lower market value. These can include metals like copper or nickel, which are often used in the production of base coins. The term base bullion emphasizes the quality of the metal and its worth in the commodities market. Investors looking to diversify their portfolios may consider investing in base bullion as a hedge against inflation or economic instability, although they generally do not carry the same prestige or potential for appreciation as precious metals.The concepts of bad coin and bad money arise from the economic theory known as Gresham's Law, which states that "bad money drives out good." A bad coin is one that is debased or has less intrinsic value than its face value. For example, if a coin is supposed to be made of silver but is instead made of a cheaper metal, it can be classified as a bad coin. This situation can lead to a lack of trust in the currency, causing people to hoard the good coins and spend the bad coins instead.Similarly, bad money refers to currency that is perceived to have low value or purchasing power. This could occur during times of hyperinflation when a country’s economy is unstable, leading to a rapid decrease in the value of its currency. People may begin to rely on barter systems or alternative forms of currency, as they lose faith in the bad money circulating in their economy. This phenomenon illustrates the vital role that trust plays in the functioning of a monetary system.In conclusion, the terms base coin, base bullion, bad coin, and bad money all highlight different aspects of currency and its value. Understanding these terms can provide valuable insights into historical and contemporary economic issues, including inflation, currency debasement, and the overall health of an economy. By examining the characteristics and implications of these types of currency, individuals can better navigate the complex world of finance and make informed decisions about their investments and spending habits.

在金融和经济的世界中，使用各种术语来描述不同类型的货币及其内在价值。在这些术语中有base coin（低值硬币）、base bullion（低品位金属）、bad coin（劣币）和bad money（劣质货币）。理解这些概念对于任何对货币体系及其对贸易和投资影响感兴趣的人来说都是至关重要的。base coin指的是一种由低于贵金属（如黄金或白银）价值的金属制成的货币。历史上，base coin通常由于其可获得性和较低的成本而用于日常交易。然而，它们缺乏贵金属硬币所具备的内在价值。这一区别很重要，因为它突显了货币的价值如何受到其材料组成的影响。在现代经济中，base coin可能仍然作为法定货币体系的一部分使用，其中政府支持纸币，但不将其与实物商品挂钩。另一方面，base bullion特指那些不被视为贵重的金属，并且在市场上具有较低价值的金属。这些金属可以包括铜或镍，通常用于生产base coin。术语base bullion强调了金属的质量及其在商品市场上的价值。希望多元化投资组合的投资者可能会考虑投资base bullion作为对抗通货膨胀或经济不稳定的对冲，尽管它们通常不具备贵金属的声望或增值潜力。bad coin和bad money的概念源于经济理论，即格雷沙姆法则，该法则指出“劣质货币驱逐优质货币”。bad coin是指贬值或内在价值低于面值的硬币。例如，如果一枚硬币应该是银制的，但实际上是由更便宜的金属制成的，那么它可以被归类为bad coin。这种情况可能导致人们对货币缺乏信任，从而导致人们囤积优质硬币，而花费bad coin。同样，bad money指的是被认为价值低或购买力弱的货币。这种情况可能发生在超级通货膨胀时期，当一个国家的经济不稳定时，其货币的价值迅速下降。人们可能开始依赖以物易物或其他形式的货币，因为他们对流通中的bad money失去信心。这一现象说明了信任在货币体系运作中的重要作用。总之，base coin、base bullion、bad coin和bad money这些术语都突出了货币及其价值的不同方面。理解这些术语可以为人们提供有关历史和当代经济问题的宝贵见解，包括通货膨胀、货币贬值以及经济的整体健康状况。通过考察这些类型货币的特征和影响，个人可以更好地驾驭复杂的金融世界，并对自己的投资和消费习惯做出明智的决策。