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ЗАНЯТИЕ 2. Text . EXCHANGE RATE MECHANISMS If you're planning a holiday abroad, one of the things you won't forget to do is to buy some of the local c
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Фрагменты работ
I. Vocabulary: Choose the correct word.
1. _______________ is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy.
A. Currency
B. Exchange
С. Funds
2. ________________ change when the demand for a currency goes up or down.
A. Pegging
B. National currency
С. Tourist exchange rates
ЗАНЯТИЕ 2.
Text . EXCHANGE RATE MECHANISMS
If you're planning a holiday abroad, one of the things you won't forget to do is to buy some of the local currency. You will probably visit a few banks to see which one offers the best exchange rate. But holidaymakers aren't the only ones who are interested in exchange rates. Governments are watching them all the time. This is because a change in the exchange rate of the national currency can affect the whole economy. Interest rates, balance of payments and economic growth will all feel the effects of a change in exchange rates.
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