Exercises
1. Answer the questions:
In what way are individuals affected by international monetary developments?
What is the international monetary system?
What is the international monetary system concerned with?
What are the international monetary relations governed by?
What are the major international monetary institutions?
Is the international monetary system afflicted with problems?
2. Find English equivalents for the following Ukrainian phrases.
Не буде великим прибільшенням сказати; позначатися на людях; шляхи, якими передається цей вплив різноманітні; число вакансій збільшується; експорт процвітає; конкурувати по цінам і по якості; зміна валютного курсу; введення експортного контролю; міжнародна валютна система це совокупність угод, правил, організацій і т.д.; характер взаємовідносин платіжних балансів; взаємовідносини регулюються; бути залежними економічно; визначати функції; положення з платіжним балансом; коректування положення з платіжним балансом; установлення та зміна валютних курсів.
3. Find the pairs of synonyms and antonyms.
Affect, thrive, dependence, impact, long-term, independence, weaken, short-term, to implement, permanent, to pursue, temporary, to exaggerate, to improve, to reduce, to make worse, discrepancy, agreement.
4. Match the verbs from (a) with the nouns from (b) below:
-
a)To address
To affect
To provide
To define
To reconcile
To impose
To strengthen
To adjust
To settle
b)Export controls
Individuals
Relationship
Interests
Accounts
Benefits
Functions
Problems
Impact
5. Think of the verbs that are most commonly used with:
payments,
transaction, monitoring,
inflation, project, maladjustments, balance, subscription,
loans, fiscal issue.
6. Think of the nouns that are most often used with:
to govern, to set up, to found, to establish, to negotiate, to support, to correct, to assist, to draw, to maintain, to relieve, to consult, to repay.
7. Make up your own sentences with any five words from 5. and 6.
8. Form adverbs from the following adjectives:
Successful, heavy, certain, extreme, serious, equal, rapid, previous, especial, political, independent, international.
9. Make up sentences putting the words in correct order.
International, relations, by, are, of, the, of, Agreement, governed, monetary, rules, the, Articles, of, of, the, Monetary, International, Fund.
The, monetary, international, is, a, set, system, of, arrangements, practices, rules, under, which, and, payments, institutions, are made, and, for, received, transactions, out, carried, national, across, boundaries.
The, system, international, concerned, about, is, the, among, relationship, the, of, hundred or, of, individual, so currencies, countries, monetary.
The, monetary, is, system, afflicted, international, problems, with.
The, monetary, to reconcile, system, acts, international, the, economic, conflicting, its, politically, of, members, independent.
10. Complete the sentences with the following words: the international monetary system, international Monetary Fund, payments imbalances, imposition of controls, leave him worse off, employment opportunities.
1. …. for some workers are improved when exports thrive and are weakened for other workers when foreign products compete effectively in price or quality with domestic output.
2. Business activity is heavily influenced by international monetary conditions affecting prices, exchange rates, interest rates, …… on exports or imports or on capital movements.
3. …. is a set of arrangements, rules, practices, and institutions under which payments are made and received for transactions carried out across national boundaries.
4. The international monetary system involves the management, in one way or another, of three processes and one of them is the financing of …… among countries by the use of credit or reserves.
5. A movement in the exchange rate may benefit an individual in one his roles but ……. in another.
6. …a specialized agency of the United Nations encouraging international monetary co-operation and international trade.