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d. Finance the series of activities guiding a company
in order to accomplish its objectives
e. Data Processing the movement of goods and services
from manufacturer to customer to sat-
isfy the customer and to achieve the
company's objectives
TOPIC 3. MONEY
Make up sentences combining A and B. Start with the phrase
‘ONE CAN’
A B
Earn money that is to get money as salary or wages
Spend
money
when one buys something as a customer
Save money when one wants to buy something expensive, or one
lives economically.
Make
money
and then he grows rich, acquires wealth
Loan money that is to give money at an interest (in a bank)
Borrow
money
that is to take money with a promise to pay back in
future
Lend money that is to give it to somebody for a period of time
Owe money that is to borrow money when one becomes a debtor,
and owes it to the lender
Accumulate that is to store up a large amount of money
Donate
money
that is to give it to a good cause
Raise money i.e. to collect it in somebody’s favour
Pay money i.e. to give it to someone in exchange for services or
goods
Invest
money
i.e. to put money into shares\ business in something
Waste
money
i.e. to spend it on something which is not worth it
Charge
money
for goods and services
14
Answer the questions:
1. What do you do with money more often? Regularly? Never?
2. What would you like to do with money if you had more than
the barest minimum? Much of it.
3. What do you think is the wisest way to deal with money?
TEXT 1
Money can be anything that is generally accepted in payment
for goods or services. Almost every society now has a money econ-
omy based on coins and paper notes of one kind or another. However,
this has not always been true. In primitive societies a system of barter
was used. Barter was a system of direct exchange of one good or ser-
vice for another. Somebody could exchange a sheep, for example, for
anything in the market-place if they considered to be of equal value.
Barter, however, was a very unsatisfactory system because people's
precise needs seldom coincided. People needed a more practical sys-
tem of exchange, and various money systems developed based on
goods which the members of a society recognized as having value.
Cattle, grain, teeth, shells, feathers, skulls, salt, elephant tusks and
tobacco have all been used. Precious metals gradually took over be-
cause, when made into coins, they were portable, durable, recogniz-
able and divisible into larger and smaller units of value.
A coin is a piece of metal, usually disc-shaped, which bears let-
tering, designs or numbers showing its value. Until the eighteenth and
nineteenth centuries coins were given monetary worth based on the
exact amount of metal contained in them, but most modern coins are
based on face value, the value that governments choose to give, irre-
spective of the actual metal content. Coins have been made of gold
(Au), copper (Cu), aluminium (Al), nickel (Ni), lead (Pb), plastic, and
in China even from pressed tea leaves.
Nowadays however valuable metal has generally been replaced
by paper notes.
The use of paper money in Western civilization began in the
Middle Ages. The major forms of money in those days, gold and silver
coins, were inconvenient to carry and liable to be stolen.
To make business transactions safer and more convenient, peo-
ple began depositing their coins with local goldsmiths, who gave them
d. Finance the series of activities guiding a company Answer the questions: in order to accomplish its objectives 1. What do you do with money more often? Regularly? Never? e. Data Processing the movement of goods and services 2. What would you like to do with money if you had more than from manufacturer to customer to sat- the barest minimum? Much of it. isfy the customer and to achieve the 3. What do you think is the wisest way to deal with money? company's objectives TEXT 1 TOPIC 3. MONEY Money can be anything that is generally accepted in payment for goods or services. Almost every society now has a money econ- Make up sentences combining A and B. Start with the phrase omy based on coins and paper notes of one kind or another. However, ‘ONE CAN’ this has not always been true. In primitive societies a system of barter A B was used. Barter was a system of direct exchange of one good or ser- Earn money that is to get money as salary or wages vice for another. Somebody could exchange a sheep, for example, for Spend when one buys something as a customer anything in the market-place if they considered to be of equal value. money Barter, however, was a very unsatisfactory system because people's Save money when one wants to buy something expensive, or one precise needs seldom coincided. People needed a more practical sys- lives economically. tem of exchange, and various money systems developed based on Make and then he grows rich, acquires wealth goods which the members of a society recognized as having value. money Cattle, grain, teeth, shells, feathers, skulls, salt, elephant tusks and Loan money that is to give money at an interest (in a bank) tobacco have all been used. Precious metals gradually took over be- Borrow that is to take money with a promise to pay back in cause, when made into coins, they were portable, durable, recogniz- money future able and divisible into larger and smaller units of value. Lend money that is to give it to somebody for a period of time A coin is a piece of metal, usually disc-shaped, which bears let- Owe money that is to borrow money when one becomes a debtor, tering, designs or numbers showing its value. Until the eighteenth and and owes it to the lender nineteenth centuries coins were given monetary worth based on the Accumulate that is to store up a large amount of money exact amount of metal contained in them, but most modern coins are Donate that is to give it to a good cause based on face value, the value that governments choose to give, irre- money spective of the actual metal content. Coins have been made of gold Raise money i.e. to collect it in somebody’s favour (Au), copper (Cu), aluminium (Al), nickel (Ni), lead (Pb), plastic, and Pay money i.e. to give it to someone in exchange for services or in China even from pressed tea leaves. goods Nowadays however valuable metal has generally been replaced Invest i.e. to put money into shares\ business in something by paper notes. money The use of paper money in Western civilization began in the Waste i.e. to spend it on something which is not worth it Middle Ages. The major forms of money in those days, gold and silver money coins, were inconvenient to carry and liable to be stolen. Charge for goods and services To make business transactions safer and more convenient, peo- money ple began depositing their coins with local goldsmiths, who gave them 13 14
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