42. 2. Fill in the blanks with appropriate words and word-combinations.

43. a)

1. … is a medium of exchange and the measure of value.

a) payment;

b) money;

c) gold;

d) goods.

2. Society enforces the use of … by making it legal tender.

a) commodity money;

b) IOU money;

c) token money;

d) silver.

3. … is the earnings of workers paid by the hour or unit of production.

a) savings;

b) salary;

c) abilities;

d) wage.

4. A more informative measure of economic … is per capita GNP which measure GNP per person.

a) well-being;

b) total income;

c) life;

d)prices.

5. "…" means to give money to individuals and organizations.

a) to borrow;

b) to lend;

c) to pocket;

d) to raise.

6. … are used to finance the everyday costs of doing business.

a) interest;

b) long-term loans;

c) short-term loans;

d) common stock.

7. … is a market where brokers meet to buy and sell stocks and bonds for their customers.

a) a security exchange;

b) the balance sheet;

c) a bank;

d) a corporation.

44. b)

1. Money can also serve as a … of value.

a) interest;

b) payment;

c) standard;

d) purchase.

2. The value of … is about equal to the value of the material contained in it.

a) commodity money;

b) coins;

c) token money;

d) silver.

3. … and rent are two forms of income that can be earned by wealth.

a) savings;

b) interest;

c) possessions;

d) salary.

4. GNP represents … of all residents of a national including income earned by participating in production.

a) constant price;

b) services;

c) total income;

d) well-being.

5. An entity whose income is less than its expenditure can … capital by decreasing its expenses.

a) borrow;

b) lend;

c) exceed;

d) raise.

6. … are more likely to be used to purchase equipment, buildings and other high cost items.

a) mutual funds;

b) long-term loans;

c) short-term loans;

d) interest.

7. Two of the most important pieces of information in every annual report are the balance sheet and …

a) the income statement;

b) corporation's assets;

c) external funds;

d) loans.

Lesson 8

Investments

45. 1. Memorize the following words and word-combinations:

to commit	доручати; довіряти, передавати, брати на себе зобов’язання	поручать; вверять, передавать, брать на себя обязательство
liquid	ліквідний, такий, що може бути швидко реалізований	ликвидный, быстро реализуемый
liquidity	ліквідність	ликвидность
retirement	вилучення з обігу, погашення	изъятие из обращения, погашение
to return	повертати; приносити	возвращать; приносить доход
return	повернення; обіг	возвращение; оборот;
real estate	нерухомість	недвижимость
cash requirements	потреба в готівці	потребность в наличных средствах
investment vehicle	інвестиційний механізм	инвестиционный механизм
corporate bond	промислова облігація	промышленная облигация
tax-free bond	облігація, з доходу на яку не стягується податок	облигация, доход от которой освобожден от налогообложения
to yield	давати дохід	давать доход
tax yield	податковий дохід	налоговый доход
to involve	включати	вовлекать