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8. Fill in the gaps with the words which or whose.

1. He’s a man _____ opinion I respect.

2. What were the talents and virtues by _____ he acquired this great reputation?

3. _____ was the better performance? – Their competitor’s.

4. I can’t remember _____ idea it was for us to meet again.

5. _____ of the currencies should I pay in?

6. That kind of person likes to spend money, it doesn’t matter _____ it is.

7. Joanne Rowling is a writer _____ book has become a bestseller.

8. They are busy with implementing the project _____ success means much to them.

9. A skilled workforce is essential, _____ is why our training programme is so important.

10. They fully comply with the articles _____ provisions are stipulated by the Customs Code.

9. Choose the correct form from the alternative. Discuss the prospects of electronic cash with your partner. The future of money: electronic cash

Nowaday/Nowadays, what we think of as “money” is quickly changing: electronic cash has entered the picture. Electronic cash, sometimes referring/referred to as e-cash, cybercash, or digicash, is money that is created electronically and that exists outside the world of banks, checks, coin, and currency overseeing/overseen by the Federal Reserve, and is creating/created electronically. Though still in its infant/infancy, electronic cash exists in the computer world of the Internet and on plastic cards. Who creates this money? Just about anyone. Electronic cash is replacing/replaced traditional cash, credit cards, and checks as a medium of exchange. It is more convenient/convenience than other forms of money and can result in lower/lowest costs of transacting business.

10. Fill in the missing words. The cost of money

Money … not free. Those … need money are willing to pay for … and those … lend money expect to … compensated. The interest rate is … cost of money. If you put $1,000 in an account in a savings and loan that pays interest of 5% … year, you … earn $50 interest in one year. The savings and loan … paying you $50 … the use … your $1,000. Similarly, … you buy a $1,000 face value bond with a coupon rate of 5%, you earn $50 interest each year. The issuer is paying $50 interest each year … the use … your $1,000.

11. Find financial terms in the text above. Explain their meanings.

12. Translate into Russian some set expressions with the word money.

Black money; blood money; conscience money; counterfeit money; earnest money; easy money; hush money; mad money; overnight money; paper money; pocket money; prize money; seed money; silly money; tax money; tight money; upfront money; well-spent money.

13. Complete the definition below naming the crime related to illegal operations with money. Provide additional information on this crime.

Money _______ is the crime of processing stolen money through a legitimate business or sending it abroad to a foreign bank, to hide the fact that the money was illegally obtained.

14. Write 1-2 paragraphs to illustrate the meanings of the proverbs/sayings:

  • One is rolling in money.

  • Money makes money.

  • Money is no object.

15. Render the text in English.

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