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71
5) issue: Now most governments issue paper money in the form
of notes
6) life expectancy: The material chosen has to have a reasonable
life expectancy.
7) advantage: One of the principal advantages of money over
barter is its ability to be divided into parts.
6. Substitute the words in italics with the words from the
text with the same meaning. Translate the sentences into Russian:
1. The earliest form of paper money in Western Europe came
into existence in the Middle Ages.
2. Because of the quality of the paper and the engravings it is
utterly difficult to fabricate money.
3. A coin usually carries lettering, designs or numbers showing
its value.
4. Traders and travelers preferred the goldsmiths' receipts to
moving large sums of money.
5. With the goldsmiths' receipts business deals became safer and
more convenient.
6. Valuable metals took over because of their qualities.
7. Either immediate spending money or accumulating it could
be hurtful to the economy.
7. Choose the correct prepositions and make sentences of
your own as examples:
irrespective from/of
to deposit money with/from a bank
in exchange on/for
to make change for/from
to divide on/into
in payment of/for
8. Underline the Past Participles and translate the
following into Russian:
1. Almost every society now has a money economy based on
coins and paper notes of one kind or another.
72
2. People needed a more practical system of exchange, and
various money systems developed based on goods, which the members
of a society recognized as having value.
3. Precious metals gradually took over because, when made into
coins, they were portable, durable, recognizable and divisible.
4. Until the eighteenth and nineteenth centuries coins were
given monetary worth based on the exact amount of metal contained in
them.
5. Coins have been made … even from pressed tea leaves.
6. The material chosen has to have a reasonable life expectancy.
9. Using the text change Active into Passive:
Example: People accept money in payment for goods and
services. – Money is accepted in payment for goods or services.
1. In primitive societies people used a system of barter.
2. People have used cattle, grain, teeth, shells, salt, elephant
tusks and tobacco as money.
3. Until the eighteenth and nineteenth centuries people gave
coins monetary worth.
4. People have made coins from gold (Au), silver (Ag), copper
(Cu), aluminium (Al), nickel (Ni), lead (Pb) and plastic.
5. Nowadays paper notes have generally replaced valuable
metal.
6. Governments may or may not back money by gold or silver.
7. People are using cheques, bankers' cards, and credit cards.
8. It is possible to imagine a world where people will no longer
use 'money' in the form of coins and paper currency.
10. Answer the questions:
What is money?
How are goods exchanged in a barter economy?
Why was barter an unsatisfactory system?
Why did precious metals take over?
What is a coin?
What is 'face value' of money?
What is the history of paper money in Western civilization?
5) issue: Now most governments issue paper money in the form 2. People needed a more practical system of exchange, and of notes various money systems developed based on goods, which the members 6) life expectancy: The material chosen has to have a reasonable of a society recognized as having value. life expectancy. 3. Precious metals gradually took over because, when made into 7) advantage: One of the principal advantages of money over coins, they were portable, durable, recognizable and divisible. barter is its ability to be divided into parts. 4. Until the eighteenth and nineteenth centuries coins were given monetary worth based on the exact amount of metal contained in 6. Substitute the words in italics with the words from the them. text with the same meaning. Translate the sentences into Russian: 5. Coins have been made … even from pressed tea leaves. 1. The earliest form of paper money in Western Europe came 6. The material chosen has to have a reasonable life expectancy. into existence in the Middle Ages. 2. Because of the quality of the paper and the engravings it is 9. Using the text change Active into Passive: utterly difficult to fabricate money. Example: People accept money in payment for goods and 3. A coin usually carries lettering, designs or numbers showing services. – Money is accepted in payment for goods or services. its value. 1. In primitive societies people used a system of barter. 4. Traders and travelers preferred the goldsmiths' receipts to 2. People have used cattle, grain, teeth, shells, salt, elephant moving large sums of money. tusks and tobacco as money. 5. With the goldsmiths' receipts business deals became safer and 3. Until the eighteenth and nineteenth centuries people gave more convenient. coins monetary worth. 6. Valuable metals took over because of their qualities. 4. People have made coins from gold (Au), silver (Ag), copper 7. Either immediate spending money or accumulating it could (Cu), aluminium (Al), nickel (Ni), lead (Pb) and plastic. be hurtful to the economy. 5. Nowadays paper notes have generally replaced valuable metal. 7. Choose the correct prepositions and make sentences of 6. Governments may or may not back money by gold or silver. your own as examples: 7. People are using cheques, bankers' cards, and credit cards. irrespective from/of 8. It is possible to imagine a world where people will no longer to deposit money with/from a bank use 'money' in the form of coins and paper currency. in exchange on/for to make change for/from 10. Answer the questions: to divide on/into What is money? in payment of/for How are goods exchanged in a barter economy? Why was barter an unsatisfactory system? 8. Underline the Past Participles and translate the Why did precious metals take over? following into Russian: What is a coin? 1. Almost every society now has a money economy based on What is 'face value' of money? coins and paper notes of one kind or another. What is the history of paper money in Western civilization? 71 72
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