After text exercises. VI. Complete the following sentences according to the text:

VI. Complete the following sentences according to the text:

 

1. At different periods of time and in different parts of the world…

a) only tobacco, tea and salt served as money

b) many different commodities have served as money

 

2. The experts underline that to serve effectively as money…

a) a commodity must be made of precious metals

b) a commodity should be fairly durable, easily divisible and portable

 

3. When a payment was made the metals was…

a) first weighed out

b) a piece of metal

 

4. After goldsmiths became bankers their receipts…

a) became commodity

b) became banknotes

 

5. Bigger denomination coins are made from cupronickel and are…

a) usually called metals

b) usually called silver

 

VII. Give the English equivalents to the following words and word combinations:

 

немного об истории, надежный–длительного пользования, драгоценный метал, товар-предмет потребления, служили в качестве денег, ювелир, в разные времена, крупный рогатый скот, мех, рыба, табак, выше указанный, качество-свойство, замещать, серебро и золото, резать (метал) на куски, цена-стоимость, взвешивать (метал), возникнуть-появиться

VIII. Say what is true and what is false. Correct the false sentences:

 

1. Many different commodities have served as money at different periods of time

2. Commodities were superseded by precious metals

3. Paper money first came into use in the 19-th century

4. Small denomination coins are not made from bronze or copper

5. Bigger denomination coins are made from cupronickel and are usually called silver

 

IX. Complete the sentences with the words given below:

1. Many different commodities have … … ….

2. A commodity should be fairly … … ….

3. First they were superseded by … … ….

4. When a payment was made the … was first weighed out.

5. But later … … of limited value were issued.

 

a. silver and later by gold

b. token coins

c. metal

d. durable, easily divisible and portable

e. served as money

 

X. Put prepositions where necessary.

(see appendix – reference section)

1. ….. different periods ….. time and ….. different parts ….. the world different

commodities have served as money.

2. Later they were superseded ….. precious metals.

3. When a payment was made the metal was first weighed …...

4. The next stage was the cutting ….. the metal ….. pieces ….. definite weight.

5. Paper money first came ….. use ….. the form ….. receipts given ….. by

goldsmiths ….. exchange ….. deposits ….. silver and gold coins.

XI. Make your own sentences using the following prompts:

A)

1. to serve as smth/smb

2. glimpses of history

3. precious metal

4. to come into existence

5. to be worth face value

 

Sum up what the text says about:

B)

The money in the past

The way banknotes appeared

The metals of which coins were and are made

The silver coins and coppers

XII. Answer the following questions:

1. What are the requirements of a commodity to serve as money?

2. What coins are called silver?

3. What are smaller denomination coins made from?

4. Why was the metal first weighed out?

5. What are bigger denominaton coins made from?

Unit V