Ex. 3. Give three forms of the following verbs. Find the sentences with these verbs in the text.
Date: 2015-10-07; view: 466.
Ex.2. Give Ukrainian equivalents of the following words and phrases.
Ex.1. Find the English equivalents in the text.
VOCABULARY FOCUS
Співпадання потреб, товарні гроші, представницькі гроші, кредитні гроші, нерозмінні паперові гроші, банкноти і монети, золотий стандарт, у якості посередника, виконувати функції засіб обміну, міра вартості, засіб накопичення (засіб збереження вартості), рахункова одиниця, еталон вимірювання, ліквідний засіб, законний платіжний засіб, єдина валюта, переказ (грошей), банківський рахунок, гарний приклад, наріжний камінь.
The concept of money, the origins of money, the emergence of money, the most essential attribute, general characteristics, solve the basic problems, a range of goods, coincidence of wants, precious metals, perishable goods, any commodity or token, a monetary unit, the value of currency, a fixed amount of, difficult to counterfeit, evolve (into), in payment for, for this purpose, the gold standard, electronic payments.
Become, begin, buy, find, get, give, grow, keep, let, make, overcome, pay, sell, speak, spend, take, tell, understand, withstand.
Ex. 4. Match the words on the left with their definitions on the right.
| barter | a | a medium of exchange in which money is a commodity generally accepted because it has value as a good and as money | |
| money | b | anything generally accepted as payment for goods and services as well as for settlement of debts | |
| currency | c | a direct exchange of one commodity for another, without the use of money | |
| commodity money | d | money issued by the government but not backed by any commodity and is absolutely irredeemable | |
| representative money | e | an economic process in which prices increase so that the purchasing power of money falls | |
| fiat money | f | paper money issued by a government or a bank and backed by their promises to redeem it for a given weight of precious metal, specifically gold or silver | |
| inflation | g | money that is used in a particular country |
Ex. 5. Find in the text the words which go in pair with: currency, barter, exchange, money, function, value, duplication. You can add other word collocations. Give examples either from the text or of your own.
Model: currency → national/international, local/foreign, weak/stable/hard currency, the single European currency
e.g. A stable currency means that your savings do not diminish in value. You can always convert euro into your local currency.
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| Money is a means of liquidity | | | Ex.7. Fill in the gaps with the correct preposition or adverb. |