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- economic statistics are presented in many forms;
- a persistent rise;
- may pose few difficulties;
- which entails enormously high rates;
- inflation occurs when.
b) Give the antonyms of the following words:
- to go out of business;
- to save money;
- profit;
- to fail;
- to decline.
3. Give English equivalents of the following expressions and make up sentences of your own:
державний службовець, сукупний попит, колосальні наслідки, стверджувати, очікувана інформація.
4. Suggest Ukrainian equivalents:
- inflation varies considerable in its extent and severity;
- mild inflation of a few %;
- rate of inflation;
- aggregate demand;
- demand-pull inflation;
- the economy is already stretched.
5. a) Read and translate the text in a written form:
FINANCE AND FINANCIAL SYSTEM
Finance is the provision of money at the time when it is needed. It is a system of monetary relations leading to formation, distribution and use of money in the process of its turnover between economic entities.
The financial system is the network of institutions through which firms, households and units of government get the funds they need and put surplus funds to work.
Savers and borrowers are connected by financial intermediaries including banks, insurance companies, pension funds, mutual funds, and finance companies.
Finance in an economic system comprises two parts: public finance and finance of economic entities.
Public finance is the provision of money (by the community) through, taxes to be spent by national and local government authorities on projects of national and local benefit. It is a collective term for the financial flows and also the financial institutions of the public sector.
b) Answer the following questions:
1. What is finance?
2. What is financial system?
3. What parts does finance comprise?
4. What is public finance?
6. a) Open the brackets, using Present Simple, Present Continuous, Present Perfect or Present Perfect Continuous:
1. Peter (to write) letters now. He (to write) since seven o’clock. He (not to finish) writing yet.
2. What they (to do) now? – They (to discuss) a very important problem. They (to discuss) it for two hours; but they (not to reach) the agreement yet.
3. I never (to suppose) that he can cook. He (to be) in the kitchen now. He (to cook) for an hour and he already (to prepare) some tasty dishes.
4. The weather (to be) fine today. There (to be) no clouds in the sky, the warm wind (to blow). The sun (to shine) since early morning.
5. Where (to be) the students? – They (to be) in the garden now. They (to plant) and (to water) the trees. They already (to plant) twenty trees.
7. Translate into English:
1. Ми говорили про методи, які використовують для вимірювання економічної діяльності.
2. Звернув увагу не це питання, ми збагнули, як це важливо.
3. Вже два роки ми ведемо справи з тією компанією та сподіваємось, що наші ділові стосунки будуть розвиватися із року в рік.
4. Я не знаю, чому вони вирішили відкласти це питання до наступного тижня, замість того щоб обговорити його тут.
5. Секретар продовжувала продивлятися всі папери, шукаючи необхідний документ.
8. Is it easy to find a well-paid job? Are you optimistic or pessimistic about your own future?
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