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Прочитайте следующий текст и переведите его на русский язык. Perform – выполнять in terms of which – в чьем исчислении is expressed – выражается в exchange – обменять is worth - стоит a useful measuring
Money perform s four specific functions. The functions of money are to serve as: Unit of value, Medium of exchange, Standard of deferred payments and Store of value. The first function of money is a unit of value or a unit of account. The monetary unit is the unit in terms ofwhich the value of all goods and services is measured. The value of each good or service is expressed as a price, which is the number of monetary units for which the good or service can be exchange d. If the price of a pen is 100 Rubles then a pen can be exchanged for ten monetary units. If a pen is worth 100 Rubles and a notebook is worth 200 Rubles then a notebook is worth two pens. Money is a useful measuring rod of value only if the value of money itself remains constant. The value of money is linked to its purchasing power. As the general price level increases, a unit of money can purchase a lesser amount of goods and services - so the value or purchasing power of money declines. So, money will be a useful unit of value only as long as its own value or purchasing power remains constant.
Money performs the function of the unit of deferred or future payments. Examples of these situations are pensions, principal and interest on debt, salaries etc. Money may also perform the function of serving as a store of value. The holders of money know that it will be accept ed at any time for any good or service and is thus a store of value. This function will be performed well as long as money retains a constant purchasing power. It may be noted that any asset other than money may also perform the function of store of value, for example, bonds, land, houses, etc. These assets have the advantage that, unlike money, they yield income and may appreciate in value over time. However, they are subject to the following:
(2) they may not be liquid in the sense that they could not be quickly converted into money without loss of value, (3) they may depreciate in value. A person may choose to store value in any form depending onconsiderations of income, safety and liquidity.
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