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Лексический тест по теме «Money»

для студентов 1 курса экономического факультета

Составитель:

Ex.1

Perishable, coins, replacement costs, holds its value, supply of money, determine prices, consumption, obtain, precious, deflation, deposit, ownership, expenses, mint, in circulation, worthless, setting prices, inflation

Монеты, подверженный порче, сохранять свою ценность, установление цен, чеканить, потребление, получать, инфляция, собственность, дефляция, установление цены, не имеющий ценности, в обращение, расходы, вклад, ценный, предложение денег, восстановительная стоимость

Ex.2 Complete the sentences with the words and phrases from ex.1

1. Money is something that … over time, is easily translated into prices, and is widely accepted.

2. At first, the value of money was anchored by its alternative uses, and the fact that there were …. .

3. For example, you could eat barley or use peppercorns to flavor food. The value you place on such … provides a floor for the value.

4. So, if the barley is eaten the … declines.

5. Strawberries make poor money because they are ….  .

6. But … metals seemed to serve all three needs: a stable unit of account, a durable store of value, and a convenient medium of exchange. They are hard to … .

7. They are easily divisible into standardized … and do not lose value when made into smaller units.

8. People found it more convenient to … precious metals at banks and buy and sell using a note that claimed … of the gold or silver deposits.

9. Fiat money is materially …, but has value simply because a nation collectively agrees to ascribe a value to it.

10. Even though using standardized coins or paper bills made it easier to … of goods and services, the amount of money in the system also played an important role in …. . 

ppose winter is coming and the farmer wants to add to his store of money in anticipation of future …. .

12. There just isn’t enough gold to … new money.

13. When prices as a whole go down, it is called …. .

14. On the other hand, if there is more money …  but the same level of demand for goods, the value of the money will drop. This is … .