- •B. Dialogue budget organization and budget process
- •Vocabulary list
- •Exercises
- •Make your own sentences with any five word combinations from (b) and (c).
- •Match the verbs from (a) with the nouns from (b) below:
- •Write out from the main text international words like finance, system, etc. Transcribe and read them aloud.
- •The World's Major Financial Centre
- •Budgetary Policy
- •History of Russian Money
- •Fill each gap with a suitable word from the box.
- •Sum up the text in 5-7 sentences and present your summary in class.
- •What Is Money?
- •Discussion
- •Single out the main facts of each text. Present them in a short review.
- •Compare the budget of New York with the budget of Moscow or Kiev. Name the major budget expenditure items. A) The Budget Message of the Mayor
- •Setting up a Treasury in Russia
- •In order to get prepared for participation in the class discussion of these questions, write several paragraphs on the following:
- •Reading practice
- •Treasury
- •Reform of the Financial System: Indonesia
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Fill each gap with a suitable word from the box.
-
Sum up the text in 5-7 sentences and present your summary in class.
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Coin forms used called |
known small objects assets |
invented using money |
handle big instruments |
What Is Money?
Money is an asset that serves as a means of payment, a store of value, and a unit of account. Money was____a long time ago.
Gold and silver coins are the best __form of money. They have the longest history and have been more widely accepted as payment than any other form of commodity money.
The popularity and universal acceptability of ____ money is easy to understand. Coins are solid, attractive, hard-wearing and easy to ____. In addition to the qualities mentioned above, coins can be produced in and _____ denominations.
Societies gold and silver have used other____ as money, including shells, beads and pelts. Anything can serve as ____ that is easily recognized, widely accepted, and not easily copied. Gold, shells, and pelts are no longer used as money in the majority of countries.
Today two kinds of financial ____serve as money: currency (coins and bills) and checking deposits at banks and thrift institutions.
Currency plus checking deposits at banks and thrifts is often ____ M1. The money that includes balances in money market funds, savings deposits in banks and thrifts and certain other liquid _____ is called M2.
Along with coins, paper currency, and checking deposits, "plastic money" is widely ____ today. "Plastic money" comes in two ____ - credit cards and debit cards.
Words you may need:
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АНГЛІЙСЬКИЙ ВАРІАНТ |
РОСІЙСЬКИЙ ВАРІАНТ |
УКРАЇНСЬКИЙ ВАРІАНТ |
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asset means of payment store of value unit of account commodity money
solid hard-wearing denomination shell bead pelt checking deposit
Ml М2 «plastic money» |
инструмент средство платежа средство сбережения расчетная единица товар-посредник в роли денег (например, соль, мех) прочный неизнашивающийся достоинство (денег) раковина бусина шкура вклад на текущем счете
денежный агрегат Ml денежный агрегат М2 «пластиковые деньги» |
інструмент кошти платежу кошти заощадження розрахункова одиниця товар-посередник у ролі грошей (наприклад, сіль, хутро) міцний що не зношується вартість (грошей) раковина бусина шкіра внесок на поточному рахунку грошовий агрегат Ml грошовий агрегат М2 «пластикові гроші» |