Unit VI money and the money market

Pre-reading

Before studying the material of this unit, read and memorize some basic and important definitions of it.

Money	– metal (gold, silver, copper, or alloys) stamped into coins, printed notes with values stamped on them, given and accepted when buying and selling, etc.
	– a medium of exchange, in terms of which the value of all goods and services is expressed.
Market	– public place (an open space or a building) where people meet to buy and sell goods; any arena, physical or virtual, in which buyers and sellers make transactions.
	– the world of commercial activity where goods and services are bought and sold.
	– demand.
Stock Market	– a market for the trading of a company stock, and derivatives of the same; both of these are securities listed on a stock exchange as well as those only traded privately.
Money Market	– the global financial market that is used for short-term borrowing and lending.
Money market account	– a deposit account that is also considered a savings account, but the account has checks written upon it with a certain amount of restrictions.

Words and Expressions to be studied:

meduim	– зд. средство
to settle	– зд. оплачивать
deferred payment	– отсроченный платеж
to occur	– иметь место, случаться
value	– ценность, стоимость
obsolete	– устарелый, вышедший из употребления
to borrow	– брать в долг, занимать
to lend (lent)	– ссужать, давать взаймы
liquid	– зд. Легко реализуемый, ликвидный
asset	– наличность, наличный капитал; активы (мн. ч.)
transaction	– сделка, дело
supply	– снабжать, поставлять; обеспечивать (v.); – предложение; запас; поставка, снабжение (n.)
equity	– эквивалент, чистая стоимость
bond	– облигация
pledge	– залог, заклад; поручительство
eligible	– подходящий, желательный
mortgage	– заклад, ипотека
loan	– заём, ссуда
treasury bill	– казначейский вексель
mutual fund	– (паевой) инвестиционный или доверительный фонд
securities	– ценные бумаги

While reading the Text of this Unit, you’ll find these words and expressions. They will be given as italicized ones. You may also consult any English-Russian dictionary.

Choose your level and make pre-reading tasks

Level A

I. While reading the text “Money and the Money Market” find in it the following English phrases and a) give Russian equivalents for them; b) define what parts of speech they are; c) tell what types of money are in the market today.

To settle debts, standard of deferred payment, circulating currency, saving account, the smallest component of the money supply, division of labour, short-term obligations, up to thirteen months, the core of the money market, large amounts of asset-backed commercial paper.

II. Make nouns from the following verbs.

Agree, circulate, demand, exchange, issue, pay, provide, purchase, secure, supply.

Level B

I. While reading the text “Money and the Money Market” find in it the following English phrases and a) read them aloud; b) give their Russian equivalents (consult the dictionary if it is necessary); c) tell what the money market is.

A medium of exchange, to pay for goods and services, the various forms of financial accounts, an absence of money, short term securities, short-term liquid assets, used for purchases with a card or check.

II. Define what parts of speech are the following words.

Basic, valuable, to mention, commodity, transaction, necessarily, wider, local, notably, determine.

Level C

I. While reading the text “Money and the Money Market” find in it the following English words and a) read them aloud correctly (if you are not sure, consult the dictionary); b) give their translation; c) tell what money is.

При чтении текста “Деньги и денежные рынки” найдите в нем следующие английские слова и а) прочитайте эти слова вслух правильно (если Вы не уверены, проконсультируйтесь со словарем); б) дайте их перевод; в) расскажите, что такое деньги.

To borrow, commercial, debt, financial, labour, particular, purchases, supply, transactions, worth.

II. Make your own possible combinations of words (phrases) using the words, given above.

Составьте собственные словосочетания (фразы), используя слова, данные выше.

Example: to borrow a book, commercial papers, Ann’s debt etc.

Reading