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3. Complete the sentences:

  1. Money is …

  2. The money supply of a country consists of …

  3. Bank money usually forms …

  4. Many cultures around the world …

  5. A unit of account is …

  6. To act as a store of value, money must be …

  7. A standard of deferred payment is …

4. Complete the sentences with appropriate words or phrases from the box:

save, unit, payment, metals, medium of exchange, value, banknotes, checking account, exchange, coins

  1. Money is anything that is generally accepted by people in (1) ___ for the things they sell or the work they do.

  2. Before (2) ___ and (3) ___ were introduced as permanent forms of paying, people used a variety of other objects to serve as money.

  3. Today money consists mainly of banknotes, coins made of various (4) ___ and (5) ___ deposits.

  4. Each country has its own basic (6) ___ of money.

  5. A modern, industrialized country can never function without a (7) ___.

  6. People can (8) ___ money and then use it to make purchases.

  7. The (9) ___ of money results from the fact that everyone will accept it as (10) ___.

5. Match English proverbs and idiomatic expressions with their Russian equivalent:

1. a fool and his money are soon parted a. жизнь или кошелек

2. lend your money and lose your friend b. время – деньги

3. money answers all things с. деньги делают человека

4. money begets money d. деньги не пахнут

5. money has no smell e. хочешь потерять друга, одолжи ему

6. money is a good servant but a bad master f. деньги решают все

7. your money or your life g. дурак – кошельку враг

8. money for old rope h. легкие деньги

9. money makes the man i. деньги к деньгам

10. time is money j. человек должен распоряжаться

деньгами, а не деньги человеком

6. Find the Russian equivalents for the following words and word - combinations:

1. cash a. плата за проезд, тариф

  1. interest b. пособие по безработице

  2. сurrent account с. подоходный налог

  3. bank loan d. долг, задолженность

  4. discount e. процент, процентный доход

  5. refund f. прибыль

  6. fare g. банковская ссуда

  7. bargain h. возмещение, возврат

  8. income tax i. текущий банковский счет

  9. сheque j. чек

  10. unemployment benefit k. скидка

  11. debt l. наличные деньги

  12. savings account m. денежная масса

  13. money supply n. сберегательный счёт

7. Read the text, discuss and name the ways you save money: s aving Money

Saving money is one of those tasks that's so much easier said than done. Here's how to keep your spending in check.

Make a list before going shopping: Humans simply have a very tough time resisting the temptation to purchase extras while shopping. Without a list you will buy items that you simply do not need. Even worse is when you forget to purchase the actual item you came to the store for. If you plan on cooking at home, pre-plan a rough menu and make a list before you go grocery shopping. Getting all that you need in one trip can help avoid another unnecessary trip and temptation.

Instead of buying books, borrow books from the library: The card to your public library is free and the libraries are generally well stocked. In cities, the chain of public libraries is connected and the available books can be checked online. If there is some book that you cannot find in your local branch, you can make a request online for it to be brought in from one of the other branches which is very convenient.

Сheck price before buying anything expensive: Do a price check before buying the item. If you can wait for a while you can track the prices and grab a great deal when it comes along. Frequently available online coupons make it even more easy to save some money. This is especially true while purchasing any electronics.

Avoid impulse buying: Make it a habit to avoid impulse buying. Many of the things you want to buy do not seem all that necessary, if you only you wait for a day or two. Also, waiting means you will be able to check prices and make an informed decision to buy it at the best possible price.

Regulate your electric use: When not in use, unplug electric appliances. When not in a room, switch off the lights and the fan. Use a programmable thermostat to control your A/C and heater usage.

Earn extra cash with your hobby: Do you enjoy playing a musical instrument or singing? If so, turn your passion into a money-making business. Teach lessons or sell instructional material…

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