Money and economic relations

Variant 1.

1. Match the Ukrainian words with their English equivalents:

1) валюта              a) money

2) монета              b) fee

3) деньги              c) рurchase

4) тратить             d) to earn

5) занимать          e) coin

6) потребитель     f) value

7) цена                  g) to borrow

8) платить             h) offer

9) расходы           i) to pay

10) зарабатывать   j) to buy

11) заработная плата k) price

12) распродажа     l) exchange

13) обмен               m) to spend

14) предложение    n) wage

15) покупка            o) currency

16) доход               p) consumer

17) ценность           q) expenses

18) количество       r) sale

19) покупать          s) income

20) гонорар            t) amount

 

2. Which of the statements are true and which are false?

1. Tim Taylor has moved into an apartment to live on his own.

2. Tim’s parents send him no money.

3. Tim makes a budget at the end of each month.

4. Tim Taylor clips out coupons to use as he shops.

5. Tim spends his food dollars on snacks and convenience foods.

6. Every society now has a barter economy.

7. Money economy based on coins and paper bills of one kind or another.

8. Metal money is easier to handle and more convenient in the modern world/

9. Checks and credit cards are being used increasingly.

10.  A coin is a piece of metal.

11.  A lifestyle now is richer than 10 years ago.

12.. The first coins were round like the coins of today.

13. The first bank opened in Russia in 1171.

14. Today not many people use credit cards to pay for things.

15. Valuable metal has generally been replaced by paper notes.

16. Fee is a payment received at regular intervals for work or services.

17. Banknotes are printed on paper.

18. Currency is a particular type of money used in a state.

19. Market is a price to be paid for a thing.

20. Modern money has no disadvantages.

 

3. Complete the following sentences choosing one of the given variants:

1. Price is ….

a) quantity of smth given in return for the money paid.

b) a measure of the value of goods.

c) money for which a thing is bought or sold.

2. Market is ….

a) a place where people borrow money

b) a place where people buy and sell goods

c) a place where people exchange money

3. Currency is ….

a) money for which a thing is bought or sold

b) price to be paid for a thing

c) a particular type of money used in a state

4. The paper in modern paper money is worth … than the amount written on it.

a) much less

b) much more

c) the same

5. Some people are doubtful about the wisdom of …moneу.

a) spending

b) earning

c) saving

6. Almost every society now has a ….

a) barter economy

b) money economy

c) service economy

7. In a short time the buying power of modern money can ….

a) not change greatly

b) be unchangeable

c) change very greatly

8. It is possible to imagine a world where "money" in the form of …currency will no longer be used.

a) coins and paper

b) credit cards

c) consumer goods

9. … are being used increasingly.

a) coins

b) credit cards

c) paper bills

10. … is a system of direct exchange of goods.

a) credit

b) market

c) barter

Variant 2.

I. Match the Russian words with their English equivalents:

1) расходы         a) offer

2) ценность         b) fee

3) гонорар      c) income

4) тратить       d) to earn

5) зарабатывать e) coin

6) потребитель f) value

7) цена            g) to borrow

8) платить       h) рurchase

9) доход             i) to pay

10) деньги         j) money

11) заработная плата k) expenses

12) распродажа l) exchange

13) обмен          m) to spend

14) предложение n) wage

15) покупка      o) currency

16) занимать     p) consumer

17) валюта        q) to buy

18) количество r) sale

19) покупать     s) price

20) монета        t) amount

 

II. Whichofthestatements are true and which are false?

1. Money economy based on coins and paper bills of one kind or another.

2. A coin is a piece of glass.

3. Banknotes are printed on paper.

4. Checks and credit cards are being used increasingly.

5. Valuable metal has generally been replaced by paper notes.

6. Tim makes a budget at the end of each month.

7. The first coins were round like the coins of today.

8. Tim Taylor clips out coupons to use as he shops.

9. Tim spends his food dollars on snacks and convenience foods.

10. Every society now has a barter economy.

11. Tim Taylor has moved into an apartment to live with his girl-friend

12. Metal money is easier to handle and more convenient in the modern world..

13. Modern money has no disadvantages.

14.  A lifestyle now is richer than 10 years ago.

15. Tim’s parents send him no money.

16. The first bank opened in Ukraine in 1171.

17. Today not many people use credit cards to pay for things..

18. Fee is a payment received at regular intervals for work or services

19. Currency is a particular type of money used in a state

20. Market is a price to be paid for a thing.

III. Complete the following sentences choosing one of the given variants:

1. Some people are doubtful about the wisdom of …moneу.

a) earning

b) saving

c) spending

2. Almost every society now has a ….

a) money economy

b) service economy

c) barter economy

3. In a short time the buying power of modern money can ….

a) be unchangeable

b) change very greatly

c) not change greatly

4. It is possible to imagine a world where "money" in the form of …currency will no longer be used.

a) credit cards

b) consumer goods

c) coins and paper

5. … are being used increasingly.

a) credit cards

b) paper bills

c) coins

6. … is a system of direct exchange of goods.

a) market

b) barter

c) credit

7. Price is ….

a) a measure of the value of goods

b) money for which a thing is bought or sold

c) quantity of smth given in return for the money paid

8. Market is ….

a) a place where people buy and sell goods

b) a place where people exchange money

c) a place where people borrow money

9. Currency is ….

a) price to be paid for a thing

b) a particular type of money used in a state

c) money for which a thing is bought or sold

10. The paper in modern paper money is worth … than the amount written on it.

a) much more

b) the same

c) much less

       

Keys.

№ вопроса	I	II	III
1.	o	+	c
2.	e	-	b
3.	a	-	c
4.	m	+	a
5.	g	-	c
6.	p	-	b
7.	k	+	c
8.	i	-	a
9.	q	+	c
10.	d	+
11.	n	+
12.	r	-
13.	l	-
14.	h	-
15.	c	+
16.	s	-
17.	f	+
18.	t	+
19.	j	-
20.	b	-

№ вопроса	I	II	III
1.	k	+	a
2.	f	-	a
3.	b	+	b
4.	m	+	c
5.	d	+	a
6.	p	-	b
7.	s	-	b
8.	i	+	a
9.	c	-	b
10.	j	-	c
11.	n	-
12.	r	-
13.	l	-
14.	a	+
15.	h	-
16.	g	-
17.	o	-
18.	t	-
19.	q	+
	e	+

 

 

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