Упражнение 1 Прочитайте и переведите текст устно. MONEY The work which people undertake provides them with money. People buy essential commodities with money. All values in the economic system are measured in terms of money. Our goods and services are sold for money, and that money is in its tu exchanged for other goods and services. Coins are adequate for small transactions, while paper notes are used for general business. Originally, a valuable Metal (gold, silver or copper) served as a constant store of value, and even today the American dollar is technically backed by, the store of gold which the US gove ment maintains. Because gold has been universally regarded as a very valuable metal, national currencies were for many, years judged in terms of the so called "gold standard" Nowadays national currencies are considered to be as strong as the national economies which support them. Valuable metal has generally been replaced by paper notes. These notes ale issued by gove ment and authorized banks, and are known as legal tender. Other arrangements such as cheques arid money orders are not legal tender. They perform the function of substitute money and are known as instruments of credit. Credit is offered only when creditors believe that they have a good chance of obtaining legal tender when they present such instruments at a bank or other authorized institutions.
