Unit 24 – Review

   

   

     o Translate:                                 (2 points per expression, total 20 points)

   

   podcenit dopad devalvace a revalvace – _______________________________ vydat vlastní směnku
   (dlužní úpis) – __________________________________ pozastavit měnový systém –
   ________________________________________ přizpůsobit nadhodnocené a podhodnocené měny –
   _____________________ určený nabídkou a poptávkou – _____________________________________

   

   to abandon fixed exchange rates – ___________________________________ to withdraw notes and
   coins from circulation – _________________________ proponents of managed floating exchange
   rates – ________________________ to seek to maximize the value of assets –
   ______________________________ to abolish limitations of freely convertible currencies –
   ____________________

   

     o Give the correct terms:                   (3 points per term, total 12 points)

   

   a rate of exchange that is calculated for two currencies so that the amount paid for a range
   of goods and services in both countries is the same – 

   

   a signed document containing a promise to pay a stated amount of money on or before a
   particular date –

   

   an exchange rate for a currency that is not controlled by the government but changes as the
   demand for the currency changes –

   

   the fact that the money of a particular country can easily be changed into the money of
   another country –

   

     o Prepositions:                                          (1 point per preposition, total 6
       points)

   

   to diverge _______ more than plus or minus 5% _______ the central parity

   to peg a currency _______ the US dollar

   market trends that are contrary _______ their interests

   an attempt to hedge _______ currency speculators

   exchange rates are _______ the mercy of market forces

   

     o Translate the sentences:            (7 points per sentence, total 14 points)

   

   Centrální bance v beznadějném pokusu podpořit nadhodnocenou měnu došly rezervy a už nemohla
   nakupovat, takže se měna znehodnotila.

   

   

   

   

   

   

   

   

   Taková daň, jak tvrdí její stoupenci, by učinila finanční trhy méně nestálé, a mohla by
   přinést mnoho peněz na mezinárodní rozvoj, jako např. základní lidské potřeby v chudých
   zemích.

   

   

   

   

   

   

                                                        Maximum = 52 points               
                                                                                          
                                                                                          
                                                                                          
                                           A: 48 – 52 pts             D: 36 – 39.5 pts    
                                                                                          
                                           B: 44 – 47.5 pts          E: 32 – 35.5 pts     
                                                                                          
                                           C: 40 – 43.5 pts          F: less than 32 pts. 
                                                                                          
                                                                                          

   

   

   

   Your total score:                    points