DECIDING ECONOMIC PROBLEMS

Вариант 3.

Importers and exporters

1.Прочтите, перепишите и письменно переведите текст.

Importers and exporters do not use the same currency. When they buy and sell goods they change money from one currency to another. There are two ways of doing this. First, the importer can pay in his own currency and the exporter changes it on the international currency market. Secondly, the importer sells his own currency and purchases the exporter’s. Then the importer pays. Usually the banks buy and sell currency for their clients.

The international currency market consists of a net of international banks. Exchange brokers and dealers deal in foreign exchange (Forex) transactions. The exchange rates change (or fluctuate) from day to day. For example, one day the exchange rate is 0.526 pound sterling to a dollar, another day it is 0.520 pound sterling to a dollar. Dealers and banks choose the best rates and profit by forex dealing.

Exercises

I. Ответьте на вопросы по тексту.

1. Do the importers and exporters use the same currency?

2. How do the importers get the currency they need?

3. What is the first way the importers use?

4. Where does the importer change money?

5. Who buy and sell currency for their clients?

6. What does the international currency market consist of?

7. Who deals in forex transactions?

8. Do the exchange rates fluctuate?

9. What rates do the dealers choose to profit by foreign currency transactions?

II. Переведите следующие слова на английский язык:

the same currency; clients; consist of; own currency; secondly; usually; exchange brokers; fluctuate; pound sterling; the best rates; forex dealing.

III. Переведите следующие слова на английский язык:

покупать; товар; способ; во-вторых; экспортер; брокер; обычно; международный валютный рынок; продавать; состоять из; курс обмена валюты; фунт стерлингов; выбирать; сделка.

IV. Найдите правильное значение слова в правой колонке к словам в левой колонке :

1. e