Деньги - Money. Невежина С.Б - 39 стр.

      A. CHECK YOUR UNDERSTANDING                                               distinguish v (smth from smth) – отличать, различать (одну
                                                                          вещь от другой); (between things) – проводить различие (между
      Now read the text carefully, looking up any new items in a          двумя вещами)
dictionary or Vocabulary notes below. Then answer the following
                                                                                trade v – 1. (in smth with smb) торговать (чём-л. с кем-л.);
questions:
                                                                          2. (smth for smth) обменивать (что-л. на что-л.)
       1. Why do people accept money?
       2. How are goods exchanged in a barter economy?                          B. INCREASE YOUR VOCABULARY
       3. Why is trading expensive in a barter economy?
       4. What is the unit of account in your country?                          1. Look at the text again.
       5. When did Germany not use its own currency?                            a) What words have the same meaning as:
       6. What else does the writer say can be used instead of money as         • without value
a store of value?                                                               • limitation
       7. What does the writer mean by 'standard of deferred account'?          • against the law
       8. Explain in your own words what 'token money' means.
       9. When are people unwilling to accept their own currency?               b) What words have the opposite meaning to:
       10. What example of IOU money does the writer give?                      • reject
                                                                                • is less than
      – Why do you think goods are actually more expensive if the               • public
means of payment are different from the units of account?
      – What measures can a seller take if money does not fulfill its           c) Can you explain the following:
function as a store of value properly?                                          • accounts
                                                                                • medium of exchange
      Vocabulary notes:                                                         • quoted
      medium n (pl -dia) – средство, способ                                     2. Choose the correct variant:
      medium of exchange – средство обмена; средство обраще-                    1. Pounds and ounces (унция) were traditional measures widely
ния (как функция денег)                                                   used in Britain, often (alongside / besides) metric measures before
      exchange rate – обменный курс                                       2000.
      the exchange rate of rouble against US dollar – обменный                  2. Barter economies are believed to be more (convenient /
курс рубля по отношению к американскому доллару                           wasteful) than the ones based on money.
      means n (употребляется с глаголом в ед. или мн. числе) –                  3. We (distinguish between / accept both) real and nominal GNP.
средство, средства                                                              4. (The exchange rate / barter) is known to be regulated by the
      store of value – средство сбережения, средство образования          Central Bank.
сокровища; средство «сохранения стоимости» (как функция денег)                  5. When measured, depreciation should be subtracted
      unit of account – расчетная единица                                 (вычитать) from the GNP to give a clear picture of the output that is
      deferred payment – отложенный, отсроченный платеж                   (temporarily / actually) available for national consumption.


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