Exercise 4. Match these verbs, prepositions and nouns/noun phrases as they occur together in the text. Translate the expressions they make into Ukrainian.

to be accepted		parts
to relate	with	bank deposits
to be concerned	to	these functions
to be divided	on	the public
to differ	by	a very high quality material
to refer	from	fiat money
to be made	in	money
to serve	of	checkbooks
to be held	into	all coins and paper money
to be drawn		other functions
to be replaced		payment for goods and services

Exercise 5. Copy out from the text the sentences containing the following words and word-combinations and translate them into Ukrainian.

1. how to get more of it: ________________________________________________

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2. in payment for: _____________________________________________________

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3. to serve effectively as money: _________________________________________

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ issued by the central bank: ______________________________________________

____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ for people to carry: ____________________________________________________

________________________________________________________________________________________________________________________________________ hard to copy: _________________________________________________________

________________________________________________________________________________________________________________________________________ in every society: ______________________________________________________

____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ to use the value of something: _________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

8. a particular monetary unit: ____________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

9. an inconvertible paper money: _________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________

10. by using checks: ____________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________

Exercise 6. Find in the box the English equivalents to the words listed below. More than one is possible.

1. відкладати (3) ______________________________________________________

2. гроші (2) ________________________________________________________

3. коливатися/змінюватися (2) _________________________________________

4. випускати, пускати в обіг (2) _________________________________________

5. майно (3) ________________________________________________________

6. мати, володіти (3) __________________________________________________

7. монети (4) ________________________________________________________

8. незважаючи на (3) __________________________________________________

9. мірило, критерій (3) ________________________________________________

10. паперові гроші (4) _________________________________________________

11. приймати в сплату за (2) ____________________________________________

12. сплата, платіж (2) ________________________________________________

hard money	a pay	assets	specie	paper money
to store	to possess	money	to fluctuate	a standard
despite	possessions	to issue	a payment	metallic money
property	to vary	to put aside	soft money	currency
bills	in spite of	a measure	to accumulate	to put in circulation
to accept in payment for	coins	to have	to accept in settlement of
a criterion	to own	banknotes	regardless of

Exercise 7. Match each term in column A with its definition in column B.

Money	Legally valid currency that may be offered in payment of a debt and that a creditor must accept.
Bank money	The money that comes from the commodity from which it is made.
Fiat money	Anything that serves as a measure of value, a store of value, a medium of exchange, and a standard of deferred payment.
Commodity money	The value of money, as measured by the quantity and quality of products and services it can buy.
Legal tender	A medium of exchange consisting chiefly of checks and drafts.
Purchasing power	Paper money or coins of little or no intrinsic value in themselves and not convertible into gold or silver, but made legal tender by order of the government.

Exercise 8. Pair the halves of the sentences and translate them into Ukrainian.

1.Money is an asset	a.in terms of money.
2.Precious metals such as gold and silver have for a long time been	b.by the government and not redeemable for any commodity.
3.The value of bank money is based on	c.money in the form of currency or checks serves this function.
4.When money is used as a store of value,	d.that has to have reasonable life expectancy.
5.Money as a measure of value	e.to be made change for large denominations.
6.Money has no value in itself but serves as	f.the promise that it can be converted on demand at a nominal value.
7.Divisibility of money means its ability	g.a convenient store of value.
8.Since the key characteristic of money is the medium of exchange,	h.it isaccumulated for future consumption.
9.All values in the market system is measured	i.that is accepted as a means of payment.
10.Durability means that modern money is made of material	j.a medium of exchange between commodities.
11. Using money as a standard of deferred payments is a direct consequence of	k.enables people to determine prices for goods and services.
12. Fiat money is declared as “legal tender”	l.the unit of account and store of value functions of money.

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Exercise 9. At least one word or word-combination has been omitted from each of these sentences. Fill in the blanks from the box of missing words below and translate them into Ukrainian.

1. __________________ is an essential characteristic of money since every change in the value of money is harmful to the economy. – _________________________

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2. _________________________ is an important quality because it _____________ the owner to carry small sums of cash in the pocket without trouble. – ____________

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3. Since ____________ is legal tender, it is accepted in _______________________. – ___________________________________________________________________ ____________________________________________________________________

4. During periods of inflation, money may not serve as _______________________ ______________. – ________________________________________________ ____________________________________________________________________

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