MONEY Виконав: Шкода Т. В. групи ОП-10
I. Homework Read, translate and memorize the following words and word-combinations:
Fluctuation – коливання In societies where value of money fluctuates people spend it immediately thinking it will be worth less tomorrow. to hoard– запасати, накопичувати In societies where value of money fluctuates people hoard it in the hope that its value will increase. portability– durability– uniformity– портативність міцність однаковість; однорідність Money should possess such features as portability, durability, uniformity.
dollar bill – доларова банкнота If dollar bills had no equal denominations of money that had the same value, things could be pretty confusing. medium of exchange – спосіб обміну Money serves us as medium of exchange. measure of value – міра цінності to enable – давати право або можливість Money serves us as measure of value. Money enables us to state the price of something in terms that everyone can understand.
II. Give English equivalents of the following:
бути небезпечним для економіки – to be harmful to the economy головна перевага грошей – the principal advantage of money накопичення цінностей – to hoard високоякісний папір – high quality paper вартість грошей – value of money мірило цінності – measure of value бартерна економіка – barter economy
встановлювати ціну – to state the price робити покупку – to make a purchase засіб обміну – medium of exchange
III. Fill in the blanks with appropriate words: a) denomination d) medium b) payment e) advantages g) money economy c) paper money f) barter economy
1. Money can be anything, that is generally accepted in b) payment. . . for goods and services. 2. Equal. a) denomination of money should have the same value. … 3. One of the principal e) advantages of money over barter is its … ability to be divided into parts. 4. The principal difference between a f) barter economy and a … g) money economy is that in a barter economy you must find … someone who has what you want and wants what you have. 5. Money, therefore, is the d) medium that enables exchanges to be …. made easily. 6. The money you are most familiar with, currency, consists of the c) paper money and coins that you use almost daily. …
VI. Define the terms: stability – стабільність divisibility – подільність uniformity– однаковість; однорідність durability– міцність portability– портативність recognizability– розпізнаваність
IV. Read and translate the text:
V. Answer the following questions: 1. What is money? Money can be anything that is generally accepted in payment for goods and services. 2. What qualities should the material for money possess? As a practical matter the material should possess the following qualities: stability, portability, durability, uniformity, divisibility and recognizability. 3. What is the principal difference between a barter economy and a money economy? The principal difference between a barter economy and a money economy is that in a barter economy you must find someone who has what you want and wants what you have.
4. What functions does money play in the society? Money plays the functions of a Medium of Exchange, a Measure of Value a Store of Value in the society. 5. What is currency? Currency consists of the paper money and coins that you almost use daily.
VII. Translate into English:
1. Більшість країн використовує високоякісний папір для виготовлення грошей. Most countries use a very high quality paper for their money. 2. Одна з головних переваг грошей над бартером — це те, що гроші можна ділити на частини. One of the principal advantages of money over barter is its ability to be divided into parts. 3. Головна різниця між бартерною та грошовою економі кою полягає в тому, що при бартерній економіці вам слід шукати когось, хто мав би те, що ви хочете, і хотів би те, що ви маєте. The principal difference between a barter economy and a money economy is that in a barter economy you must find someone who has what you want and wants what you have.
4. Гроші дають нам змогу встановлювати ціну товару. Money enables us to state the price of goods. 5. Гроші — це засіб, що дає нам можливість робити обмін. Money is the medium that enables exchanges to be made. 6. Гроші дають змогу нам робити покупки коли небудь у майбутньому, використовуючи вартість чо гось, що ми продаємо сьогодні. Money enables us to make a purchase sometime in the future using the value of something that we sell today.
VIII. Read and dramatize the following dialogue:
IХ. Make up your own dialogue using the following expressions: local currency – місцева валюта to exchange currency – змінювати валюту to provide for payments – забезпечувати платежі to adjust payments – регулювати платежі
currency fluctuations – коливання валют to make payments – робити платежі to take into account – приймати до уваги to avoid currency losses – уникати валютних збитків
Money in the world
Main currencies of market