8. Найдите в тексте ответы на вопросы.

1. How are all values in the economic system measured?

2. What is the wider sense of the word «money»?

3. How are the national currencies judged nowadays?

4. Who can issue paper notes?

5. How do we reckon the demand for money?

6. What is inflation?

7. In what two ways do banks receive money from their customers?

8. How does the bank make its main profit?

9. Between whom does the bank act as an intermediary?

10. Why do financiers often talk of the «liquidity» of money?

9. Выберите утверждения, соответствующие содержанию текста.

1. Instruments of credit are accepted because they can be converted easily into substitute money.

2. The purchasing power of money depends upon supply and demand.

3. The demand for money is related to the rapidity with which business is done.

4. You can earn interest on a current account.

5. A person can obtain some additional money if he deposits his savings with a bank for a certain period of time.

6. Banks lend money to depositors who need capital.

7. The main profits of a bank come from lending money at a fixed rate of interest.

8. Money is described as «liquid» because it is compared to flowing water.

9. Legal tender must change hands when we do business and we must see it change hands.

10. Business can be done without banknotes by using instruments of credit.

10. Кратко перескажите текст.

Vocabulary

in turn – в свою очередь

coin – монета

adequate – соответствующий

transaction – сделка

paper notes – купюры

value – ценность

is «backed» – поддерживается

store – запас

to regard – считать, рассматривать

to judge – оценивать

so-called – так называемый

to support – поддерживать

authorized – уполномоченный

arrangements – средства, меры

money order – денежный перевод

to obtain – получать

assets – имущество

considerable – значительный

to be in doubt – быть сомнительным

to pay with a cheque – расплачиваться чеком

to reckon – считать, полагать

rapidity – быстрота, частота

to prevent – предотвращать

safe-keeping – сохранность

to deposit money – вкладывать деньги

guardian – хранитель, страж

customer – клиент

to issue cheques – выписывать чеки

to undertake – предпринимать, зд. обязываться

to lend money – одалживать деньги

intermediary – посредник

savings – сбережения

to borrow money – занимать деньги

to rest upon – строиться

on a basis of trust – на основе доверия

in predictable ways – предсказуемыми способами

to behave – вести себя

rapid fluctuations – частые колебания

Test

1. Выберите правильные ответы на данные вопросы. Запишите ответы следующим образом, например, 1- d.

1. What is measured in terms of money?

a) values,	c) assets,
b) relations,	d) possessions.

2. What kind of money is used for general business?

a) silver,	c) copper,
b) coins,	d) paper notes.

2. What originally served as a store of value?

   a) cheques,	c) credit cards,
   b) coins,	d) money orders.

3. What name is given to arrangements like cheques?

   a) instruments of credit,	c) legal tender,
   b) deposit account,	d) current account.

4. What is known as «legal tender» ?

   a) cheques,	c) money orders,
   b) paper notes,	d) credit cards.

5. What organizations are concerned with the flow of money into and out of the economy?

   a) customers,	c) government,
   b) depositors,	d) banks.

6. What is paid to the customer on his money with a deposit account?

   a) cheques,	c) interest,
   b) orders,	d) profit.

7. What basis is the system of banking rest upon?

a) interest,	c) stability,
b) trust,	d) cooperation.