Using points and examples from the talk, explain the two definitions of moneypresented by the professor.

Professor
So, let’s talk about money. What is money? Well, typically people think of coins and
paper “bills” as money . . . but that’s using a somewhat narrow definition of the term. A broad definition is this: [slowly] money is anything that people can use to make purchases with. Since many things can be used to make purchases, money can have
many different forms. Certainly, coins and bills are one form of money. People exchange goods and services for coins or paper bills, and they use this money . . . these bills . . . to obtain other goods and services. For example, you might give a taxi driver five dollars to purchase a ride in his taxi. And he in turn gives the five dollars to a farmer to buy some vegetables . . .
But, as I said, coins and bills aren’t the only form of money under this broad definition. Some societies make use of a barter system. Basically, in a barter system people exchange goods and services directly for other goods and services. The taxi driver, for example, might give a ride to a farmer in exchange for some vegetables. Since the vegetables are used to pay for a service, by our broad definition the vegetables are used in barter as a form of money.
Now, as I mentioned, there’s also a second . . . a narrower definition of money. In
the United States only coins and bills are legal tender—meaning that by law, a seller must accept them as payment. The taxi driver must accept coins or bills as payment for a taxi ride. OK? But in the U.S., the taxi driver is not required to accept vegetables in exchange for a ride. So a narrower definition of money might be whatever is legal tender in a society, whatever has to be accepted as payment.

Speaking recording upload
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Average: 5 (1 vote)
Speaking category

Comments

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on vocabulary words:
No of characters: 1166.0 599.738853503 194% => OK
No of words: 275.0 158.596602972 173% => Need less no. of words.
Chars per words: 4.24 3.77925476217 112% => OK
Fourth root words length: 4.07223819929 3.54123138178 115% => OK
Word Length SD: 2.09602220668 1.79916674678 116% => OK
Unique words: 148.0 95.8789808917 154% => OK
Unique words percentage: 0.538181818182 0.607024082132 89% => More unique words wanted or less content wanted.
Syllable count: 355.5 189.005732484 188% => OK
Avg_syllables_per_word: 1.3 1.19129511677 109% => OK

Performance on coherence:
Topic speech coherence ratio: 0.0737235367372 0.0831539838537 89% => OK

Acoustic performance on paragraphs:
How many acoustic paragraphs: 13.0 4.29936305732 302% => Need less acoustic paragraphs.
Average paragraph length: 21.1538461538 70.8089261375 30% => The average paragraph length is low.
STD paragraph length: 20.1182892446 23.6022091992 85% => OK
Average paragraph duration: 7.54615384615 25.9380837976 29% => The speaking content is not well organized.
STD paragraph duration: 7.0092878366 8.54438981162 82% => OK

Acoustic performance on sentences:
How many acoustic sentences: 44.0 40.7070063694 108% => OK
Average acoustic sentence length: 6.25 4.24305496596 147% => OK
STD acoustic sentence length: 4.0402801433 3.29867071766 122% => OK
Average acoustic sentences duration: 2.12363636364 1.4825078846 143% => OK
STD acoustic sentences duration: 1.22888917118 1.02222390891 120% => OK

Acoustic performance on acoustic silence:(An acoustic silence means a little pause between two or more words)
How many acoustic silence: 30.0 38.0 79% => OK
Total acoustic silence duration: 7.45 7.14643312102 104% => OK
Average acoustic silence duration: 0.248333333333 0.189447223375 131% => Maybe the pauses are too long.
STD acoustic silence duration: 0.148752217537 0.156783300276 95% => OK

Acoustic performance on acoustic words:
Total word duration: 82.38 46.7170700637 176% => Less content wanted.
Average word duration: 0.299563636364 0.297490414073 101% => OK
STD word duration: 0.173124733135 0.186336302485 93% => OK

Disfluencies: like hesitations, or 'ehn' or taking a long time to pronounce a word:
How many disfluencies: 7.0 7.29723991507 96% => OK
Total_disfluencies_duration: 5.5 5.7916985138 95% => OK
Total acoustic noise duration: 5.08 3.38276008493 150% => It may have issues on recording quality or have issues on silences or disfluencies.

Acoustic rates:
Total speech duration: 98.1 59.3491295117 165% => Need to finish the speech on time.
Compare to expected duration: 1.635 0.989152158528 165% => It is over the expected time.
Rate of silence: 0.305810397554 0.642608181899 48% => OK
Rate of speech: 2.80326197757 2.6701766005 105% => OK
Rate of speech by unique words: 1.50866462793 1.61481078811 93% => More unique words wanted.
Rate of word duration by unique words: 1.7965525613 2.05366198651 87% => Need more unique words.
Average articulation rates: 0.653443541818 0.327712499341 199% => OK

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The speech is either too short or too long. It should be in 60 seconds.

Rates: 50.0 out of 100
Scores by speech e-grader: 15.0 Out of 30
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Note: the speech e-grader does NOT examine the meaning of words and ideas.