VOCABULARY. in turn – в свою очередь

in turn – в свою очередь

coin – монета

adequate – соответствующий

transaction – сделка

paper notes – купюры

value – ценность

is «backed» – поддерживается

store – запас

to regard – считать, рассматривать

to judge – оценивать

so-called – так называемый

to support – поддерживать

authorized – уполномоченный

arrangements – средства, меры

money order – денежный перевод

to obtain – получать

assets – имущество

considerable – значительный

to be in doubt – быть сомнительным

to pay with a cheque – расплачиваться чеком

to reckon – считать, полагать

rapidity – быстрота, частота

to prevent – предотвращать

safe-keeping – сохранность

to deposit money – вкладывать деньги

guardian – хранитель, страж

customer – клиент

to issue cheques – выписывать чеки

to undertake – предпринимать, зд. обязываться

to lend money – одалживать деньги

intermediary – посредник

savings – сбережения

to borrow money – занимать деньги

to rest upon – строиться

on a basis of trust – на основе доверия

in predictable ways – предсказуемыми способами

to behave – вести себя

rapid fluctuations – частые колебания

Test

Выберите правильные ответы на данные вопросы. Запишите ответы следующим образом, например, 1- d.

1. What is measured in terms of money?

a) values,	c) assets,
b) relations,	d) possessions.

2. What kind of money is used for general business?

a) silver,	c) copper,
b) coins,	d) paper notes.

2. What originally served as a store of value?

a) cheques,	c) credit cards,
b) coins,	d) money orders.

3. What name is given to arrangements like cheques?

a) instruments of credit,	c) legal tender,
b) deposit account,	d) current account.

4. What is known as «legal tender»?

a) cheques,	c) money orders,
b) paper notes,	d) credit cards.

5. What organizations are concerned with the flow of money into and out of the economy?

a) customers,	c) government,
b) depositors,	d) banks.

6. What is paid to the customer on his money with a deposit account?

a) cheques,	c) interest,
b) orders,	d) profit.

7. What basis is the system of banking rest upon?

a) interest,	c) stability,
b) trust,	d) cooperation.

Завершите предложения в соответствии с содержанием текста.

1. Coins are adequate for small transactions, while …

2. National currencies are considered to be as strong as …

3. Such arrangements as cheques and money orders are …

4. If a man¢s assets are known to be considerable, then …

5. The supply of money is the actual amount …

6. With a current account, a customer …

7. Innumerable acts of trust build up the system …

8. Today the great banks of the world have many functions in addition to …

a) … not legal tender.

b) … his credit will be good.

c) …can issue personal cheques.

d) … in notes and coins available for business purposes.

e) … the national economies which support them.

f) … acting as guardians of valuable private possessions.

g) … paper notes are used for general business.

h) … of which bankers, depositors and borrowers are part.

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