II. Vocabulary exercises

1. Match the term with its definition.

1. share	a. money in coins or notes
2. environment	b. agreement that in return for regular small payments, a company will pay compensation
3. supply and demand	c. a portion of this held by somebody as an investment
4. exchange rate	d. a regulatory bank in a nation’s monetary system
5. cash	e. a person or firm supplying goods
6. central bank	f. without paying immediately
7. insurance	g. the amount, etc. available and the amount wanted by people
8. supplier	h. a person or business who pays money
9. on credit	i. price at which one currency is exchanged for another
10. payer	j. the conditions effecting a person’s life

2. Fill in the blanks using the words and words combinations given below:

high wages, interest rate, free market, supplier, price, important, labour force,

money, inelastic, unskilled labour

1. The change in … causes only a small change in the quantity demand.

2. The demand may be … for other products.

3. People know that … has no value, but serves as the means of exchange.

4. All these commodities are … for living.

5. A … is everyone who offers an economic product for sale.

6. Prices are neutral in a … … system.

7. … … is the price for temporary use of somebody else’s money.

8. The growth of … … results when growth of population continues to decline.

9. To the … … fall workers who do not have the training to operate machines and equipment.

10. Unproductive workers may receive … … because of family ties.

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