III CHECK AND IMPROVE YOUR VOCABULARY SKILLS

Date: 2015-10-07; view: 456.

Answer the questions.

Mark the following statements true or false.

1 Money is a very abstract product.

2 People use money for two things: to pay now and in the future.

3 Money made the trade easier.

4 Animals and food could be used as money.

5 The metal used for coins was cut into pieces and then weighed out.

6 The Greeks buried the dead people with silver coins.

7 Goldsmiths made paper money equivalent to metal coins.

8 The gold standard was invented two hundred years ago.

9 A net of the American restaurants was the first to introduce credit cards.

10 Electronic money is hard to control.

1 What are three basic functions of money?

2 What was the problem with the barter-like trade?

3 What commodities were used as money?

4 How did coins appear?

5 What was the role of blacksmiths in the banknotes appearance?

6 When and where did the first credit cards come into use?

7 What possibilities do modern technologies provide for money business?

8 What common currency is used in most European countries today?

9 What are advantages and disadvantages of electronic money?

10 May some national currencies disappear in the nearest future?

1 Guess the words by their definitions:

A piece of metal money

An establishment for keeping money and valuables safely

To give in exchange for money

An article of trade

An exchange of goods for other goods

Money put and stored at the bank

A piece of paper money

Money in coins or notes

Lasting for a long time

To take from one place to another

Highly valued, dear

(to sell, trade, precious, coin, commodity, deposit, cash, durable, note, to carry, bank,)