2015-03-08
1046
repayment – возмещение, возврат
a store of value – средство сбережения
deferred payment – отсроченный платеж
money supply – денежная масса
currency – валюта
demand deposit – бессрочный депозит
ownership – собственность, владение
commodity money – товар, выполняющий
функцию денег
barter – бартер, товарообмен
representative money – бумажные деньги,
полностью обеспеченные золотом или
серебром
token coins – денежные знаки
back – финансировать, субсидировать
fiat money – неразменные бумажные
деньги
intrinsic value – внутренняя стоимость
cash withdrawal – снятие наличных
legal tender – законное платежное
средство
prior notice – предварительное
уведомление
assets – активы
insolvent - неплатежеспособный
13. Give Russian equivalents:
medium of exchange, unit of account, convert into, declare, highly liquid
14. Choose words from the list to fill in the gaps, then use them to make sentences:
bank, liquid, legal, main, token, means of
| 1. ______ assets | 4. ______ records |
| 2. ______ function | 5. ______ obligation |
| 3. ______ repayment | 6. ______ coins |
15. Read the text again and answer the questions:
1) What is money?
2) What are the main functions of money?
3) What does the money supply of a country consist of?
4) In what form does bank money exist?
5) What does the commodity money value come from?
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6) What does representative money consist of?
7) What does the value of representative money depend on?
8) What is fiat money?
16. Correct the statements:
1. Bank money exists in the form of currency.
2. Fiat money value is derived from any intrinsic value.
3. Funds can be withdrawn from a demand deposit only after prior notice.
4. Commercial bank money does not differ from commodity and fiat money.
17. Make notes under the following headings:
Functions of money, Bank money, Commodity Money, Representative money, Fiat money, Commercial bank money.
Close your books, look at your notes an talk about money.
Unit 3
Economy
