Question

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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.

Answer 1

Ответ:

1) banknotes

2) fiat money

3) commodity money

4) representative money, to redeem

5) gold standart

6) legal tender

7) value

8) fiat money

9) to redeem

10) intrinsic value

11) physical form

12) inflation

13) intrinsic value

14) dime

15) to redeem