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3. Use an appropriate word from the box to complete the text.

Resources

producer

rate

corporation

sales

leader

Ilim Pulp is Russia’s largest forest industry _____. It combines the major facilities in the sector and is the industry ____ in Russia and Europe. Ilim Pulp: - Owns Europe’s 1st and the world’s 6th largest forest and logging _____ (8 million cu m of timber); - Is Europe’s 4th and the world’s 11th largest _____ of commercial pulp; - Manufactures 77% of Russia’s boxboard, 61% of its market pulp. In 2003, Ilim Pulp’s facilities manufactured over 2.8 million tons of products, including processed wood goods. Since 2001, its sales have grown at an average annual _____ of 6-6.5%. In 2003, the company’s _____ amounted to roughly $ 1.144 billion, a 12.9% increase on 2002. In volume, sales grew by 16% year-on-year in 2003, logging operations by 17%, and wood processing by 20%. Ilim Pulp’s products are exported to more than 50 countries in Europe, the Middle East, and Southeast Asia.

Test 4. Money

1. Give English terms to the following Russian definitions:

1) подпольные, скрываемые от налогообложения доходы (black money)

2) документ с указанной на нём суммой денег (money order)

3) валюта, на курс которой власти оказывают влияние с помощью рыночных операций (managed currency)

4) номинальная сумма, вносимая в счет долга (token payment)

5) первый взнос, первоначальный платеж (down payment)

6) движение денежной наличности (cash flow)

7) разменные деньги: мелкие монеты или купюры (fractional currency)

8) отчет о доходах и расходах компании за определенный период (profits)

2. Match the terms with their definitions:

1 legal tender E

a) activities or techniques intended to create consumer demand for a product or service

2 sales H

b) the practice of dividing a share of the profits of a business among employees, in addition to paying their regular wages and salaries

3 sales promotion A

c) to change or cause to change position constantly

4 profit sharing B

d) to provide (money) temporarily, often at interest

5 borrow G

e) money, used as an official medium of payment

6 fluctuate C

f) financiallyruined

7 lend D

g) to obtain or receive (something, such as money) on loan for temporary use, intending to give it, or something equivalent or identical, back to the lender

8 bankruptF

h) the number of items sold

3. Use an appropriate word from the box to complete the text.

coins

functions

prices

exchange

commodity

loans

profit

trade

Money is a _____ accepted by general consent as a medium of economic exchange. It is the medium in which ____ and values are expressed; it circulates from person to person and country to country, thus facilitating___. Throughout history various commodities have been used as money, including seashells, beads, and cattle, but since the 17th century the most common forms have been metal ____, paper notes, and bookkeeping entries. In standard economic theory, money is held to have four ____: to serve as a medium of ____ universally accepted in return for goods and services; to act as a measure of value, making possible the operation of the price system and the calculation of ____ and loss; to serve as a standard of deferred payments, the unit in which ____ are made and future transactions are fixed; and to provide a means of storing wealth not immediately required for use.

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