Vocabulary notes. means of payment средство платежа

means of payment средство платежа

medium of exchange средство обращения

a standard of value мера стоимости

a unit of account единица учета

a store of value средство сбережения

(сохранения стоимости)

a standard of deferred payment средство погашения

долга

a barter economy бартерная экономика

to swap (also swop; syn. to exchange, to barter) обменивать, менять

a monetary unit денежная единица

to be worthless обесцениваться

an interest-bearing bank account счёт в банке с выплатой

процентов

to erode зд. фактически уменьшать

hard currency твердая (конвертируемая)

валюта

soft currency неконвертируемая валюта

commodity money деньги - товар

token money символические, деньги

(дензнаки)

tiny costs мизерные затраты

legal tender законное платежное средство

IOU money - I owe you я вам должен; деньги –

долговое обязательство

debt (pronounced [det]) долг

a bank deposit вклад в банке

Tasks

I. Match the words from the text with their corresponding definitions.

1) money a) currency of a country with a strong balance of

payments, which is unlikely to lose value

in the near future

2) to exchange b) to receive money that will later have to be paid

back

3) barter c) a means of payment, especially coins and

banknotes; deposits, cheques, etc.

4) to quote d) an amount of money in a bank

5) to borrow e) money owed to someone (for a business this

might include bank loans, bonds, bills for goods

or services, etc.)

6) to lend f) to swap

7) debt g) exchange of one good for another, without the

use of money

8) hard currency h) to allow someone to use the sum of money that

will have to be paid back

9) deposit i) to calculate and offer a price for something, a

legally – binding estimate