I. Read and memorize the following words:
Money [mʌni] деньги
e.g. Money has various uses in the modern world.
price [prais] цена
e.g. Every man has his price.
value [ 'vælju:] ценность
e.g. Money is a measure of the value of goods and services.
wage [weiʤ] заработная плата
e.g. Wage is a payment received at regular intervals for work or services.
fee [fi:] гонорар
e.g. Fee is a payment for professional advice or services.
exchange [iks'ʧen (d) ʒ] обмен; обменивать
e.g. What are the operating hours of the currency exchange office?
relations [riьleiʃәnz] отношения
e.g. We are willing to establish long-term economic relations with your country.
cooperation [ко (u) орәreiʃn] сотрудничество
e.g. In what way is cooperation with Ukraine arranged?
activity [æk'tiviti] деятельность
e.g. We are interested in foreign economic activity.
partner [ 'pa: tnә] партнер
e.g. We have had many opportunities to see that your firm is a reliable partner.
credit [ 'kredit] кредит
e.g. On what terms does this bank grant credits?
offer [ 'ofә] предложение
e.g. Let's discuss some points of your offer.
negotiation [ni, gouʃieiʃn] переговоры
e.g. We have successfully conducted our negotiations.
cheque [ʧek] чек
e.g. A cheque is a written order to a bank given and signed by someone.
coin [ 'koin] монета
banknote [ 'bæŋknout] кредитный билет, банкнота
e.g. Banknotes are printed on paper.
II. Learn the following word-combinations:
(to) sell things продавать вещи
(to) buy things покупать вещи
(to) keep money хранить деньги
(to) put money вкладывать деньги
means of storing up средство накопления
(to) be heavy with orders иметь много заказов
(to) clarify some details выяснять некоторые детали
a repeat order повторный заказ
(to) settle prices договориться о ценах
manufacturing plant завод-производитель
to establish trade contacts установить торговые контакты
barter economy бартерная экономика
(to) deal with a bank пользоваться услугами банка
recipient country страна, получающая помощь
aid-giving country страна, оказывающая помощь
III. Make up sentences:
the root of all evil.
a measure of the value of goods.
is a means of exchanging goods.
Money the guarantee of security.
has a way to store up buying power.
various uses in the modern world.
good and bad points.
some very serious disadvantages.
IV. Fill in the blanks with the necessary words:
1. Synthetic materials have become cheaper, since the,.. of production are lower now. (value, cost, price) 2. Sometimes it is easy to make plans but difficult... them, (to find, to show, to carry out) 3. The money which he... from his. parents did not arrive, (expected, respected, avoided) 4. It is obvious that a primitive system of exchanging goods for goods cannot... the needs of a highly developed economic system, (satisfy, occupy, justify) 5. He was known for his... to solve most complicated problems very quickly, (opportunity, ability, difficulty)
V. Compose questions and let your fellow-students
answer them:
Price a measure of the value of goods
Money money for which a thing is bought or sold
Cost is price to be paid for a thing
Market place were people meet to buy and sell goods
Currency a particular type of money used in a state
Purchase quantity of smth given in return for the money paid
VI. Complete the following sentences:
1. Has money various...? 2. Money is a means of.... 3. By means of money things can be.... 4. Time is.... 5. Money is the root....
VII. Translate into English:
1. Прямой обмен товарами невозможен в развитом обществе. 2. Для того чтобы развивалась торговля, должны существовать деньги. 3. Покупательная способность денег в наше время очень быстро меняется. 4. Мы успешно провели переговоры по этому вопросу. 5. Монеты изготовляют из разных металлов.
VIII. Give synonyms to the words in bold type:
1. Some countries have agreed to reduce oil production to keep the price on the same level. 2. The purchasing power of the dollar is not falling. 3. We agree to the terms of your contract. 4. If some problems arise in the process of work we shall deal with them. 5. The cost of living has risen, whereas wages have remained the same.
IX. Read and dramatize the following dialogues:
A: I wish I had more pocket money. What you are giving
me is laughable.
B: Is it? We are giving you what we can. If you want
more, you can work during your summer holiday.
* * *
A: Cheer up, John. You do look so down. What's the matter?
B: I've had a talk with Dad about buying a new stereo recorder on hire-purchase. He says I can't buy it.
A: Poor John! I do feel for you, I really do. But what does he actually say? Why is he against it?
B: Oh, he says he will not sign as a guarantor for me. At least not till we have paid for the TV. And that's another six months.
A: Well, cheer up! It's not the end of the world! Six months is not a very long time to wait.
* * *
A: Here's the bank. When does it close?
B: It closes at half past three. Some bank aren't closed until six o'clock on Thursdays, but not this bank. Now look for the foreign exchange counter.
A: These are the paying-in counters. Is that the foreign exchange counter?
B: No, it isn't. That's inquiries. This is the foreign exchange counter. Change your Swiss money first.
A: I can't change my money.
B: Yes, you can.
A: No, I can't.
B: Why not?
A: Because I haven't got it. It's in my blue handbag. There's
nothing in this handbag. B: Oh, we can't go back to the hotel again. It's late... but don't worry.
A: Can I change it tomorrow?
B: Yes, you can.
* * *
A: Can I help you, sir?
B: Yes, I'd like to open a savings account.
A: Certainly, sir. We'll have to fill some forms. Could I have your name, please? B: It's Brown, Nick Brown.
A: How do you spell your last name, Mr Brown?
B: It's B-r-o-w-n.
A: And where do you' live?
B: 2418 Grey stone Road. A: Is that in Chicago?
B: Yes, that's right.
A: And your zip code?
B: 60602.
A: What's your telephone number?
B: 364-9758. A: And your occupation?
B: I'm a salesman.
A: I see. What's the name of your employer?
B: I work for IBM. A: Fine. Just a minute, please.
XI. Make up your own dialogues using the following
expressions:
metal money, currency, to earn money, to spend money, to borrow money, to open a savings account, to fill out some forms, name, telephone number, salary, to pay monthly.
XII. Read and retell the text:
MONEY
In the modern world money has various uses. For selling and buying things, all modern people use money. Money gives us a useful means of measuring the value of things. Money is also of very great use as a means of exchanging goods and services. Money is a way to store up buying power that one can use later. If we consider money as a means of storing up buying power, it has good and bad points. Money can more easily be kept for a long time than such things as food, buildings and machines. Food spoils, buildings fall to pieces and machines rust. Money takes up very little space and if we want we may put it in a bank.
But modern money has some very serious disadvantages if we use it as a means of storing up buying power. In earlier times when money was in the form of gold and silver coins, the metal in each was really worth the amount stamped on the coin. But the paper in modern paper money is worth much less than the amount written on it. In a short time the buying power of modern money can change very greatly and because of that, some people are doubtful about the wisdom of saving moneу.
1. What are the uses of money in the modern life?
2. What are bed and good points of money?