Vocabulary list

Unit III

B) Tell your group-mates whom you got acquainted with at the party, what you came to know about them.

Look at communication activities below.

Your name is Pamela Green. You come from Boston. You work for the local police force. You are in the Investigating Department. You are an investigator. It's your first fact-finding trip to Moscow. You stay at "Minsk" Hotel. You have already visited Petrovka, 38.

Your name is Chris White. You come from the US, Boston, sort of North of the country. You work for the IBM company. You company is setting up an office here in Moscow. You are in the Market Research Department. You have already visited the Botanical Gardens. Flowers is your hobby.

Your name is Eve Manning. You come from London. You work for the BBC. You are in the Russian Department. You are an editor. It's your second business trip to Moscow. You stay at Moskva Hotel. You have already visited the Tretyakov Picture Callery.

Your name is Charles Black. You come from Oxford, Great Britain. You are a Chemistry teacher. You teach organic chemistry at Oxford University. It's not your first business trip to Moscow. You stay at "Metropole". You have already visited Moscow University and the Bolshoy Theatre. You like ballet very much.

Your name is Jessi Tutwiller. You come from Los Angelos. You work for an advertizing company. You are a professional model. It's your first business trip to Moscow at the invitation of the Mosfilm Studios. You have already visited the Moscow House of Fashion.

You name is Ann Nixon. You come from Canada. You are in computers. You are on the production side. Your company is based in Toronto, sort of West of the country. It's your first business trip. You plan to stay a week. You have already visited the History Museum and the Kremlin Museums. You are interested in history in general and in Russian history in particular.

Your name is Estelle Winters. You come from Dublin. You work for the local computer centre. You are a software expert. It's your first business trip to Moscow for setting up a joint venture. You stay at "Rossia". You have already visited the Politechnical Museum.

Topic: Money

Grammar: Past Simple

Communication Skills: Social Contacts (Part II)

SECTION A

	1.	to have a (personal) stake in smth — быть (лично) заинтересованным в чем-либо syn. to be interested in smth
	2.	to buy smth with money — покупать что-либо за деньги
	3.	to exchange smth for smth — обменивать что-либо на что-либо
	4.	to pay a charge (fee) — оплачивать услуги
	5.	to maintain a banking account — иметь счет в банке
	6.	trade bу barter — меновая торговля to trade by barter — заниматься меновой торговлей
	7.	to offer smth in exchange for smth — предлагать что-либо в обмен на что-либо
	8.	to swap smth for smth — обменивать что-либо на что-либо
	9.	to involve difficulties — повлечь за собой сложности
	10.	to be worth — зд. равняться по стоимости
	11.	to measure the value of smth against the value of smth — измерять стоимость чего-либо через стоимость чего-либо
	12.	to depreciate — зд. терять в стоимости, цене
	13.	to accept smth in exchange for smth — принимать что-либо в обмен на что-либо
	14.	to measure smth in terms of smth (money, per cent, figures, etc.) — измерять, мерить что-либо в чем-либо (деньгах, процентах, цифрах и т.д.)
	15.	a medium of exchange — средство обмена
	16.	a store of wealth (value) — средство "сохранения стоимости"
	17.	a measure of value — мера стоимости
	18.	coin — монета
	19.	banknote — банкнота
	20.	cash — наличные деньги
	21.	cash in the bank account — безналичные деньги
	22.	to be legal tender — быть законным платежным средством

■ Ex. 1. Choose a suitable title for the passage from the list below. Support your point of view.

1. Money concerns all.

2. What is money?

3. Money is a part of any civilized society.

4. Barter — the earliest form of trade.

Make use of the following helpful phrases:

As 1 see it...

In my opinion...

My point of view is...

There is one subject over which everybody has complete mastery, that is, money.

Moreover we learn it at a very early age. Why is this? Surely it is because the subject of money is one which concerns us all very closely. We have a personal stake m the subject, so we are interested. Because we are interested, we learn.

But what exactly is money? To answer that question, we go back in time.

Today we buy cigarettes, bread, clothes with money in a shop. These are goods; we exchange our money for goods which others sell to us. Today we travel on a train or bus, or maintain a banking account, and we pay the charge or fee. There are services; we exchange our money for the services which others provide for us.

In a primitive community people obtain goods and services by barter. Trade by barter is the earliest form of trade, when people offer goods in exchange for what they want, that is they swap goods for other goods. However barter involves many difficulties. The man with tomatoes to swap wants a blanket. But the man with a blanket to swap does not want tomatoes, he wants a pot; and the man with a pot to swap wants a hen. So there is the problem of "double coincidence of wants". Then there is the problem of the "rate of exchange". How many tomatoes is the blanket worth or a hen? Still another problem is that some goods are more perishable than others. Tomatoes become mushy, for example, and the owner has nothing to swap.

As primitive communities develop into more advanced societies people realize they need some commodity they can use in exchange for anything, some commodity that does not decay and remains valuable, some commodity with the help of which people can measure the value or one thing against the value of another thing. Such commodity is money. It does not depreciate, people accept money in exchange for anything, they measure all goods in terms of money.

Thus money is a necessary part of any civilized society, It serves as:

(1) a medium of exchange

(2) a store of wealth

(3) a measure of value

Money means coins, banknotes and cash in the bank account. We use it to make payments.

Nowdays we know that the units of money must have certain qualities to be successful. They must be:

1. Standard. They must all be of the same kind, look the same, weigh the same, all be of the same type, shape, size and quality.

2. Durable. They must be strong and long-lasting, so that they are a store of value and do not wear out easily.

3. Scarce. They must be difficult to come by to keep their value.

4. Acceptable. They must be accepted as a medium of exchange in a society or country for buying and selling, that is they must be legal tender.

5. Portable. They must be easy to carry.

6. Divisible. It must be possible to divide the units of money of large value into smaller values.

■ Ex. 2. Answer the following comprehension questions based on the text.

1. What role does money play in our everyday life?

2. How did people obtain goods and services in a primitive community?

3. What difficulties did trade by barter involve?

4. What did people realize as primitive communities developed into more advanced societies?

5. What functions does money exercise?

6. What does money mean?

7. What requirements must money meet to be successful?

■ Ex. 3. Say whether the following statements are TRUE or FALSE according to the text.

1. Money is part and parcel of our everyday life.

2. In a primitive community people obtained goods and services with commodity money.

3. Trade by barter is one of the first forms of trade.

4. Trade of barter was not a very suitable way of obtaining goods and services.

5. Money exercises the function of a measure of value because people accept money in exchange for anything.

6. Money means coins, banknotes and e-money.

7. Units of money must be difficult to come by to keep their value.

■ Ex. 4. Put the following sentences in the right order.

A We use money to make payments.

B Money does not depreciate, people accept money in exchange for anything.

C We exchange our money for the services which others provide for us.

D Units of money must have certain qualities to be successful.

E The subject of money is one which concerns us all very closely.

F Units of money must be accepted as a medium of exchange, that is they must be legal tender.

G Trade by barter is the earliest form of trade.

H Money is a necessary part of any civilized society.

■ Ex. 5. Be ready to render the passage in the form of a presentation. Structure your presentation according to the classical model.

SECTION В

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