- •Министерство аграрной политики украины
- •Введение
- •Topic 1. An introduction to economics
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read the international words and guess their meanings:
- •III. Are the following statements true or false?
- •IV. Fill in the gaps using the words given: Scarcity, income, interact, society, trends, management, economics, economy
- •V. Translate into English
- •VI. Answer the questions
- •Topic 2. The basic economic problem
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read the words and guess their meanings:
- •III. Are the following statements true or false?
- •IV. Complete these sentences with the words in appropriate form and translate the sentences into Russian:
- •V. Translate into English:
- •VI. Answer some questions:
- •Topic 3. Factors of production
- •Comprehension check
- •I. Give Russian equivalents to the following:
- •II. Give English equivalents to the following:
- •III. Make sentences by adding a suitable beginning to the following:
- •IV. Agree or disagree with the following statements:
- •V. Fill in the gaps using the words given
- •VI. Translate into English
- •VII. Answer some questions:
- •Topic 4.
- •Types of business.
- •Types of business organization
- •What is business?
- •Starting a business
- •Types of business
- •Sole Trader
- •Partnership
- •Private Limited Company
- •Public Limited Company
- •The sole proprietor
- •Partnerships
- •Corporations
- •Companies and Organizations Background information about the organization.
- •Comprehension check
- •I. Give English equivalents to the following:
- •III. Complete the sentences using the proper forms of the verbs in the brackets:
- •IV. Translate into English:
- •V. Answer the questions:
- •Topic 5. Company structure
- •Study carefully the meaning of the following phrases and word combinations
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read the words and guess their meanings:
- •Who is who?
- •III. Complete these sentences using the words from the list below and translate the sentences into Russian:
- •IV. Translate into English:
- •V. Answer some questions on the Text:
- •Topic 6. Accounting
- •Read and memorize the following words and word combinations:
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Give Russian equivalents to the following:
- •III. Read and translate the definitions of the basic accounting terms:
- •IV. Agree or disagree with the statements:
- •V. Fill in the gaps using the words given:
- •VI. Complete as in the text:
- •VII. Translate from Russian into English:
- •VIII. Answer some questions:
- •Topic 7. Financial statements
- •Vocabulary
- •Comprehension check
- •IV. For Russian terms in a column a find corresponding English definitions in column b.
- •V. Fill in the gaps using the words given:
- •VI. Are the following statements true or false?
- •VII. Complete the sentences referring to the information from the text.
- •VIII. Translate from Russian into English:
- •IX. Answer some questions:
- •Topic 8. Money and its functions
- •Vocabulary
- •Different kinds of money
- •Vocabulary
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read the words and guess their meanings:
- •III. Read and translate the terms:
- •IV. Complete these sentences using the words from the list below and translate the sentences into Russian:
- •V. Are the following statements true or false?
- •VI. Translate into English:
- •VII. Answer some questions:
- •Topic 9. Banks and banking
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read and translate the definitions of the basic banking services terms: Banking services
- •III. Complete these sentences with appropriate words оr word combinations and translate the sentences into Russian:
- •IV. Complete the following sentences in any way you like.
- •V. Translate into English:
- •VI. Summarize the contents of the Text using these questions as an outline.
- •Topic 10. Banking system
- •Vocabulary
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read and translate the definitions of the basic banking terms:
- •III. Choose the necessary word and put it in the sentence:
- •IV. Translate into English:
- •V. Answer some questions:
- •Topic 11.
- •International banking and international economic institutions world bank
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read the words and guess their meanings:
- •III. Are the following statements true or false?
- •IV. Fill in the gaps using the words given
- •V. Translate into English
- •International monetary fund (ifm)
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Read the words and guess their meanings:
- •III. Which of the following is true?
- •IV. Translate into English:
- •V. Answer some questions on the Text:
- •Topic 12. Monetary policy
- •Vocabulary
- •Comprehension check
- •I. Suggest the Russian equivalents:
- •II. Find in the text English equivalents for the following:
- •III. Fill in the gaps with the words and expressions from the text:
- •V. Translate into English using all the active possible
- •VI. Answer the questions:
- •Topic 13.
- •Import and export
- •Vocabulary
- •IV. Fill in the gaps using the words given
- •V. Read and translate into Russian:
- •Incoterms 2000
- •Incoterms
- •VI. Translate into English:
- •VII. Answer the questions:
- •Topic 14.
- •Insurance
- •Memorize the following words and word combinations:
- •Comprehension check
- •I. Give English equivalents to the following:
- •II. Substitute the proper English words from the list below for the Russian words in brackets.
- •III. Are the following statements true or false?
- •IV. The following sentences relate to various aspects of insurance. Choose the word which best fits each space.
- •V. Translate into English
- •VI. Answer some questions on the Text:
- •Topic 15.
- •International investing
- •Investors
- •Memorize the following words and word combinations:
- •Comprehension check
- •I. Give Russian equivalents to the following:
- •II. Complete sentences according to the information in the text.
- •III. Which explanation of economic terms is correct?
- •IV. Read and translate the definitions of the basic investment and securities terms:
- •V. Give Russian equivalents to the following:
- •VI. Choose the necessary word and put it in the sentence:
- •Interest
- •VII. Translate into English:
- •6.030509 «Учет и аудит», 6.030504 «Экономика предприятия»
- •98309 Г. Керчь, Орджоникидзе, 82.
III. Read and translate the terms:
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1. Money
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— anything that is generally accepted in an economy as a medium of exchange, a unit of account, a store of purchasing power, and a standard of a deferred payment. |
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2. Medium of exchange
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— money that is a convenient means of exchanging goods and services without engaging in barter, what sellers generally accept and buyers generally use to pay for a good or service. |
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3. Standard of value
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— money is a yardstick for measuring the value of all goods and services. |
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4. Store of wealth |
— money serves as a store of wealth by retaining its purchasing power over time.
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5. Commodity money |
— money serves as both money and a commodity. |
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6. Face value of money |
— the dollar or cents value stamped on a coin.
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7. Token money
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— coins which have a face value greater than their intrinsic value. |
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8. Intrinsic value |
— the value in the market of the metal in a coin. |
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9. Paper money
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— pieces of paper used as a medium of exchange in the U. S. — Federal Reserve notes and Treasury currency. |
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10. Fiat money
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— money that is decreed as such by the government. It is of little value as a commodity, but it maintains its value as a medium of exchange because people have faith that the issuer will stand behind the pieces of printed paper and limit their production. |
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11. Bank notes
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— were pieces of paper promising to pay a specific amount of money to the bearer in gold. |
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12. Currency |
— the coins and paper that make up the cash in a society. |
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13. Currency exchange |
— buying or selling foreign currencies.
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14. Hard currency
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— any national currency widely accepted in payment in international markets. |
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15. Purchasing power |
— the value of money; describes the quantity and quality of goods and services one can buy with the money. |
IV. Complete these sentences using the words from the list below and translate the sentences into Russian:
(Rate, services, money, exchange, property, prices, a store of wealth, economy, employment)
The quantity of _______ in an economy is central to determining the state of that ________ : - it affects the level of _____, the _____ of economic growth and the level of _______ . It is a medium of ______ that people will accept for their goods or ______ and a unit of account for prices or debts. In addition, it can be used like _____ or precious metals – as ______ ______ that people can save for future purchases.
V. Are the following statements true or false?
Almost every society now has a money economy based on coins and paper notes of one kind or another.
Barter was a system of indirect exchange of goods.
Barter, however, was a very satisfactory system.
Precious metals gradually took over because, when made into coins, they were portable, durable, recognizable and divisible into larger and smaller units of value.
Most governments now issue paper money in the form of notes.
These notes are used by governments and authorized banks, and are known as legal tender.
Checks and money orders are legal tender.
Credit is offered only when creditors believe that they get a good chance of obtaining legal tender when they present such instruments at a bank or other authorized institution.
If too much money is available, its value decreases, and it does not buy as much as it did, say, five years earlier.
Private production of token money is legal.