UNIT 28
MONEY Task 1. Read the text and write out unknown words
MONEY
In the modern world money has various uses. For selling and buying things, all modern people use money. Money gives us a useful means of measuring the value of things. Money is also of very great use as a means of exchanging goods and services. Money is a way to store up buying power that one can use later. If we consider money as a means of storing up buying power, it has good and bad points. Money can more easily be kept a long time than such things as food, buildings and machines. Food spoils, buildings fall to pieces and machines rust. Money takes up very little space and if we want we may put it in a bank. But modern money has some very serious disadvantages if we use it as means of storing up buying power. In earlier times when money was in the form of gold and silver coins, the metal in each was really worth the amount stamped on the coin. But the paper in modern paper money is worth much less than the amount written on it. In a short time the buying power of modern money can change very greatly and because of that, some people are doubtful about the wisdom of saving money.
Task 2. Translate the following сучасний світ продаж та покупка речей використовувати гроші засіб виміру цінність речей засоби обміну купівельна спроможність засіб накопичення серйозні вади бути реально вартим символ успіху купувати товари та послуги золото та срібло монети та банкноти виконувати функції засіб обміну в обмін на гроші мірило вартості складання бюджету засіб заощадження
Task 3. Make up sentences and translate them
Task 4. Fill in the blanks with the necessary words
2..Sometimes it is easy to make plans but difficult............................................. them. (to find, to show, to carry out) 3. The money which he............................................. from fiis parents did not arrive. (expected, respected, avoided) 4. It is obvious that a primitive system of exchanging goods for goods cannot............................................. the needs of a highly developed economic system. (satisfy, occupy, justify) 5. He was known for his............................................ to solve most complicated problems very quickly. (opportunity, ability, difficulty)
Task 5. Compose questions and answer them
Task 6. Complete the following sentences 1. Has money various? 2. Money is a means of. 3. By means of money things can be. 4. Time is. 5. Money is the root.
1. Прямий обмін товарами неможливий у розвинутому суспільстві. 2. Для того щоб розвивалася торгівля, мають існувати гроші. 3. Купівельна спроможність грошей у наш час дуже швидко змінюється. 4. Ми успішно провели переговори з цього питання. 5. Монети виготовляють із різних металів.
Task 8. Give synonyms to the words in bold type 1.Some countries have agreed to reduce oil production to keep the price on the same level 2. The purchasing power of the dollar is falling 3. We agree to the terms of your contract 4. If some problems arise in the process of work we shall deal with them 5. The cost of living has risen, whereas wages have remained the same
Task 9. Make up your own dialogues using the following expressions metal money, currency, to earn, money, to spend money,to borrow money, to open a savings account, to fill out some forms, name, telephone number, salary, to pay monthly.
Task 10. Match words from list A with words from list В that have a similar meaning
Task 11. Find suitable opposites to the following words to represent popular success value to trust to accumulate similar easy
Task 12. Translate the following words monetary monetize moneymaker moneyed money-grubber
Task 13. Translate the following sentences into Ukrainian 1. He doesn't have much monetary sense; he's always wasting his money. 2. The government monetized its bonds and spent the money on new projects. 3. That new saleswoman is already a moneymaker for our company. 4. She married a man from a moneyed family. 5. He is such a money-grubber that he won't answer a question unless you tell him how much you will pay him.
Task 14. Find explanation that mean active money, hot money, salvage money, cheap money, pocket money, dear money, call money, danger money, near money, hush money, idle money, caution money 1. money that is being used by the public as opposed to money left in bank accounts 2. money easily available on loan at a low rate of interest 3. extra money or high wages paid to people working in dangerous conditions 4. money that is difficult to borrow because of high interest rates 5. money that is not circulated or invested and does not earn interest 6. an item that can be easily exchanged in the way that money can, although it is not money itself. It includes cheques and postal orders but not banknotes or coins 7. money lent on condition that it must be repaid immediately if necessary 8. money offered by someone to show that he/she is honest and truthful and will keep to all agreed terms and conditions 9. the reward paid by the owners of a rescued ship or goods to the person or organization that saved it/them 10. change for small purchases 11. money which is moved from country to country to get the best return; 12. money paid to someone in return for keeping silent about a crime
Task 15. Below are some of the most common terms used to describe different types of wrongdoing. Translate them into Ukrainian and match these types of wrongdoing to their definitions bribery embezzlement forgery fraud or racket or scam market rigging money laundering a) making or faking false documents, banknotes b) illegally giving someone money so that they act in your favour c) any illegal money-making activity d) fixing the price of something illegally e) illegally taking money from the organization you work for f) disguising the criminal origin of money such as drug money Task 16. Look at the words and phrases. Match them with the correct definition from the list below value, bookkeeping, measure of value, store of value, money, medium of exchange, wealth, paper bills 1. banknotes 2. a means of payment, esp. coins and banknotes, given and accepted in buying and selling 3. a means for retaining and accumulating wealth 4. a single standard or "yardstick" that is used to assign values to, and compare the values of products and resources 5. anything that is accepted as payment for products and resources 6. the recording of all money received into and paid out of a company in a book or on a computer file 7. the worth of something in terms of the money or goods for which it canbe exchanged; 8. a large amount of money, goods or property
Task 17. Indicate whether each of the following statements is true or false 1. A barter system is a system of exchange in which goods or services are traded directly for other goods and services. 2. Primitive societies use the barter system to exchange goods and services. 3. Whale's teeth were once used as a medium of exchange. 4. Money is a common denominator that is used to compare products for purchase. 5. Spending money on a new car is an example of how money services are a store of value. 6. Stored money is protected from inflation. 7. When money retains its value over time, it has stability. 8. Exchanging goods for goods is called a measure of value.
Task 18. Complete the crossword
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1. Synthetic materials have become cheaper, since the............................................. of production are lower now. (value, cost, price)
Task 7. Translate into English
