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Representative money; inflation; gold standard; physical form; banknotes; legal tender; commodity money; to redeem (2);fiat money (2); value; withdrawing; intrinsic value (2);dime.

Текст:
1. Coins and are the two most common physical forms of money. 2. ___ is money that has value only because a government says it has value. 3. The system of eventually evolved into a system of representative money. 4. refers to paper currency backed by a government or bank’s promise it for a given weight of precious metal (gold or silver). 5. Representative money was based on the , and, in theory, could be exchanged for a fixed amount of gold. 6. Government has declared fiat money to be a , but is not backed by a physical commodity. 7. Money, like almost everything else, loses its whenever there is too much of it. 8. Most modern money is because most governments have printed too much money to compete with inflation. 9. Today cash machines, or ATMs, are the most popular method of cash for most personal customers. 10. The brand has because of its public recognition. 11. Electronic money is money which exists only in banking computer systems and is not held in any . 12. An economic process in which prices increase so that money becomes less valuable is called . 13. The company’s is well above $25 per share. 14. A is a coin worth ten cents in the US and Canada. 15. She couldn’t afford her wedding ring from the pawnbroker.

kari65    2   04.04.2020 22:26    2