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Speech practice:

Ex I. Answer the questions according to the text.

1. Do the importers and exporters use the same currency?

2. How do the importers get the currency they need?

3. What is the first way the importers use?

4. Where does the importer change money?

5. Who buys and sells currency for their clients?

6. What does the international currency market consist of?

7. Who deals in forex transactions?

8. Do the exchange rates fluctuate?

9. What rates do the dealers choose to profit by foreign currency transactions?

Text for additional reading.

About the history of Russian coins.

In the past, scientists thought that for many centuries only leather and furs were used in ancient Russia as money. But now it is known that silver money was also used.

In the 12th-14th centuries almost all the coins disappeared in Russia. It happened because Russia was at war with the German Knights and the Mongol-Tartars at the same time.

In the 14th century some Russian principalities began to make their own silver coins. The coins weighed as much as one rouble. In ancient Russia the word “rouble” meant a silver piece which weighed 200 grammes. The coins were called denga. Now we used this word as dengi and it means “money”.

In 1769 the first Russian paper money appeared. When World War I began, all the gold and silver coins disappeared and only paper money was used at that time.

REMEMBER!

Proverbs about money.

Ex. II Match the English and Russian equivalents:

1. Money burns a hole in the pocket. * 1. Деньги не пахнут.

2. Money is a good servant but a * 2. Грязь и деньги ходят рядом.

bad master.

3. A friend in court is better than a * 3.Хочешь потерять друга, одол

penny in purse. жи ему денег.(Друга не теряй-

денег не давай).

4.A penny saved is a penny gained. * 4. Деньги горят в руках.

5.Lend our money and lose your friend.* 5.Умный человек- хозяин

деньгам, а скупой – слуга.

6. Money has no smell. * 6. Больше денег-больше

хлопот. (Богатому не спит

ся, он вора боится.)

7. Muck and money go together. * 7. Не истратил – все равно что

заработал.

8. Time is money. * 8. Деньги правят миром.

9. Money makes the world around. * 9. Время – деньги.

10. Money spent on the brain is * 10. Расходы на обучение

never spent in vain. всегда окупаются.

UNIT FOUR

BUSINESS CONTACTS and

LANGUAGE of BUSINESS

Lesson 1

TEXT

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