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FORMS OF MONEY




A great variety of commodities (wheat, salt, gold, silver) has served at one time or another as a medium of exchange in economies based on the division of labour. This form of money is generally referred to as commodity money. At the same time other forms of money developed. They are referred to as credit money or money without material value because their value as a means of payment is greater than their intrinsic value. For instance, the paper on which a 100 banknote is printed is worth much less than the banknote’s face value. This is also true of most of the coins used nowadays. In addition to the notes and coins in circulation, ‘cashless’ means of payment were introduced.

These include checks, transfer orders and credit cards, which have become more and more popular in recent years. The progress made in computer technology has led to new forms of cashless payments. These forms of money, which were mentioned above, can be subsumed under the terms ‘cash or notes and coin’ and ‘deposit or giro money’.

- Ответьте на вопросы к тексту письменно:

1. What do you know about commodity money?

2. What form of money has its value as a means of payment greater than its intrinsic value?

3. What are the forms of cashless payments?

 

II. Заполните пропуски глаголами “can, may, must”:

 

1) I … admit he’s very capable.

2) I … hear some voices outside.

3) You … come a little later tomorrow.

4) She … not be 35, she has grandchildren.

5) She … be very unreasonable at times.

 

III. Вставьте подходящий предлог.

… that day while I was looking … the books I was watching Mr. Sellyer at work. I shall describe some … his methods … you.

A lady came … the shop and asked … a book. Mr. Sellyer showed “Gordon Dreams” … her and said: “The readers are fond … of this book.”

Another lady entered … the shop. She was … black. Mr.Sellyer also gave her “Golden Dreams”. “It’s a beautiful book”, he said, “… love, very simple but sad. My wife cried all the time reading it.”

 

IV. Переведите на английский язык:

 

1) Я иду за покупками в супермаркет. Тебе купить что-нибудь?

2) Мы обычно покупаем все необходимое в ближайшем магазине.

3) Сходи, пожалуйста, в овощной магазин, у нас нет овощей.

4) Сколько стоит бутылка ананасового сока?

5) Недавно мы переехали в новый дом. Мне здесь очень нравится. Все магазины рядом.

 

Вариант №5

 

I. Выполните письменный перевод текста и ответьте на вопросы:







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