After text exercises

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VI. Complete the following sentences according to the text:

1. At different periods of time and in different parts of the world…

a) only tobacco, tea and salt served as money

b) many different commodities have served as money

2. The experts underline that to serve effectively as money…

a) a commodity must be made of precious metals

b) a commodity should be fairly durable, easily divisible and portable

3. When a payment was made the metals was…

a) first weighed out

b) a piece of metal

4. After goldsmiths became bankers their receipts…

a) became commodity

b) became banknotes

5. Bigger denomination coins are made from cupronickel and are…

a) usually called metals

b) usually called silver

VII. Give the English equivalents to the following words and word combinations:

немного об истории, надежный–длительного пользования, драгоценный метал, товар-предмет потребления, служили в качестве денег, ювелир, в разные времена, крупный рогатый скот, мех, рыба, табак, выше указанный, качество-свойство, замещать, серебро и золото, резать (метал) на куски, цена-стоимость, взвешивать (метал), возникнуть-появиться

VIII. Say what is true and what is false. Correct the false sentences:

1. Many different commodities have served as money at different periods of time

2. Commodities were superseded by precious metals

3. Paper money first came into use in the 19-th century

4. Small denomination coins are not made from bronze or copper

5. Bigger denomination coins are made from cupronickel and are usually called silver

IX. Complete the sentences with the words given below:

1. Many different commodities have … … ….

2. A commodity should be fairly … … ….

3. First they were superseded by … … ….

4. When a payment was made the … was first weighed out.

5. But later … … of limited value were issued.