Basic ecomonic terminology. Искренко Э.В - 6 стр.

      15. Federal Reserve notes — paper money issued by and the
debts of the Federal Reserve bank.
      16. Bank notes — were pieces of paper promising to pay a
specific amount of money to the bearer in gold.
      17. Currency — the coins and paper that make up the cash in
a society.
      18. Currency exchange — buying or selling foreign currencies.
      19. Rate of exchange — the price at which a particular currency
sells in terms of other currencies.
      20. Hard currency — any national currency widely accepted in
payment in international markets.
      21. Currency depreciation (devaluation) — the reduction of
the value of a nation’s currency relative to the currencies of other
countries.
      22. Currency appreciation — a rise in the price of one currency
relative to another.
      23. Currency basket — a set of national currencies which is
used for determining an exchange rate of the national and
international currency.
      24. Currency intervention — purposeful sale out/purchase
operations of foreign currency for limiting the dynamics of national
currency exchange rate by definite bounds of its rise or fall.
      25. Gold standard — an agreement by countries to fix the price
of their currencies in terms of gold.
      26. Purchasing power — the value of money; describes the
quantity and quality of goods and services one can buy with the
money.
      27. Money supply — the narrowly defined money supply (M1)
consists of coins, paper currency, plus all demand or checking
deposits; the broadly defined supply (M2) includes all items in
M1 plus certain liquid assets or near-moneys — savings deposits,
money market funds and the like.
      28. International Monetary Fund (IMF) — an international
bank that makes short-term loans to countries experiencing balance-
of-payment deficits
Çàäàíèå ¹ 1. Äàéòå àíãëîÿçû÷íûå ýêâèâàëåíòû ñëåäóþùèì ðóñ-
ñêîÿçû÷íûì òåðìèíàì:
     1) ñðåäñòâî ñáåðåæåíèÿ; 2) ñðåäñòâî îáìåíà; 3) äåíåæ-
íûé çíàê; 4) íîìèíàëüíàÿ ñòîèìîñòü äåíåã; 5) äåéñòâèòåëü-

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