Ex. 9 . Find in the text English equivalents to the following words and word combinations.

 

 экономическая система _______________________________________

 уровень цен _________________________________________________

 бумажные деньги ____________________________________________

 покупательная способность ____________________________________

 водяные знаки _______________________________________________

 сложная техника печати _______________________________________

 символ власти и богатства _____________________________________

 в поисках золота ____________________________________________

 золотая лихорадка ___________________________________________

 делать небольшие покупки ____________________________________

 фиксированная стоимость ____________________________________

 безналичный расчет _________________________________________

 содержание золота в монете __________________________________

 основа бизнеса ______________________________________________

 мелкие монеты ______________________________________________

Ex. 10. Match the words and word combination listed in the box with their Russian

       dictionary definitions.

fiat money,   face value, business,   credit card,   commodity money, forgery                         unemployment,    banknote,    commodity, wages

 

1. Деловая активность, дело, коммерческая деятельность ____________________________

2. Количество безработных в стране; часто в процентном отношении к общей

численности работающих в стране _____________________________________________

3. Деньги, представленные каким-либо товаром и имеющие реальную внутреннюю

 стоимость _______________________________________

4. Номинальная [лицевая] стоимость, номинал (сумма, обозначенная на ценной бумаге)

___________________________________________

5. Неразменные [декретные] деньги, выпускаемые правительством не имеющие реальной

 стоимости__________________

6. Что-либо поддельное: фальшивая монета, поддельная подпись и т. д. _______________

7. Единица денежной наличности, выпускаемая центральным банком _________________

8. Документ в виде пластиковой пластины, позволяющий приобретать товары и услуги в

кредит _________________________________

9. Почасовая, ежедневная или еженедельная плата за работу или услуги (большей частью

рабочим) ___________________________________________________________________

10. Предмет, с которым могут совершаться операции купли-продажи _________________

Ex. 11. Complete the sentences with the words from the box.

 

currencies,    medium, face value, money,   metal,     paper notes,   demand, amount,          inflation

 

1. Our goods and services are sold for ______________________________.

2. A valuable ______________(gold, silver or copper) served as a constant store of value.

3. National ___________________ are considered to be as strong as the national economies.

4. ________________ are issued by government and authorized banks.

5. The value of money is basically its value as a __________________ of exchange.

6. Purchasing power is dependent on supply and _______________.

7. The supply of money is its actual ___________________in notes and coins.

8. The condition when too much money is available is known as ___________________.

9. The value that government chooses to give the most modern coins, irrespective of actual

metal content is their ____________________.

Ex.12. Match the word in column A with a word in column B.

                     A                                                  B

to make to pay to manufacture economic precious to lose golden face purchasing legal monetary

value goods tender metals power purchases wages growth coins worth jobs

Ex. 13. Generate other forms from these words.

Verb	Noun	Adjective
to pay
	determination
		affected
to accept
		useful
	content
to value
	will, willingness
		required
to compare
	measurement
to divide
		circular
		pressed
to add

 

Ex. 14. Make up sentences with the jumbled words.

 

1. is about equal / the value / contained in it / commodity money / of / to the material

2. are willing / has / to accept it / people / it / because / value

3. a symbol / since/ power / has been regarded / civilization / as / began / gold / of / and wealth

4. the value / money / is fixed / fiat / of which / by government / paper money/ is

5. an economy / the state / is central / the quantity / in / to determine / of that economy /of

  money

COMPREHENSION

Ex. 15.  True or false. Correct the false statements.

 

1. The quantity of money in an economy does not determine the state of that economy.

2. Gold is not used anywhere else except being used for money.

3. Use of fiat money is ultimately based on faith because fiat money does not have intrinsic

 value.

4. Most modern coins are based on face value, irrespective of the actual metal content.

5. Mankind always seems to have enough gold and the search for it has never driven men mad.

6. If money wears out it can’t be replaced with new coins or paper money.

7. “Cashless” means of payment include cheques, banker’s cards, and credit cards.

8. Most minor coins in circulation are a form of commodity money.

9. Gold is the most popular metal of which coins are made.

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