В. А. Шляхова, О. Н. Герасина, Ю. А. Герасина английский язык для экономистов english for economists



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Шляхова В.А. Английский язык для экономистов

Упражнение 7
1 – a; 2 – b; 3 – c; 4 – b.
Упражнение 10
1. In former days the term «market» was used by economists 
as a market place where people sell and buy various goods.
2. Today the modern market does not need to have any fixed 
place.
3. The modern market is a set of conditions permitting buyers 
and sellers to work together.
4. In a free market competition takes place among sellers of 
the same commodity.
5. Such competition influences the prices and they fluc-
tuate.
6. Such fluctuations are affected by supply and demand.
7. Sellers and buyers may communicate in person, by 
telephone, through their agents, by Interment.
Unit 11
Упражнение 7
1 – h; 2 – l; 3 – g; 4 – k; 5 – a; 6 – j; 7 – c; 8 – d; 9 – b; 10 – e; 
11 – f; 12 – i.


190
Упражнение 8
1 – b; 2 – a; 3 – b; 4 – b; 5 – b.
Упражнение 10
1. The quantity of money determines the state of the econo-
my.
2. Money affects the level of prices, the rate of economic 
growth and the level of employment.
3. A nation’s money supply is based on either the production 
of commodity or governmental fiat.
4. Commodity money is based on valuable metals: gold or 
silver.
5. Fiat money does not have intrinsic value.
6. Many countries use a fiat money system, in which the go-
vernment through its central bank controls the money supply.
7. In the USA the Federal Reserve System is an independent 
government agency.
8. The main function of the Federal Reserve System is to ma-
nage the country’s supply of money.
9. All commercial banks should be the members of the Federal 
Reserve System.
10. The Federal Reserve System is administrated by the Fe-
deral Reserve Board of Governors, appointed by the President for 
14-year term.
11. The Board of Governors is independent of political pressure 
from either the President or the Congress.


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