Vocabulary Review Test

PJI4A Units 26+27, English for Business Studies




II. Vocabulary: (max. 34 points)                                          points

A. Translate the following expressions into English:
                               (2 points each)


nabídka a poptávka určující hodnotu měny –


zastánci pevných a pohyblivých směnných kurzů –


odrážet zásadní ekonomické podmínky a posilovat vůči dolaru –


 uvalit imezení na dovoz počítačových součástek –


být za každých okolností pro neomezený volný trh  –


odrazovat spekulanty od obchodování s měnami povinností odvádět daň –


investovat vytvořené zdroje tak, aby přinášely užitek znevýhodněným zemím –


nastínit přechodný poces vedoucí k úsporám z rozsahu –



B. Write expressions the following definitions refer to:
               (2 points each)

1.      a government tax and limitations on imports and exports:


2.        a theory of long-term equilibrium exchange rates based on relative price levels of two
countries:





C. Complete the sentence with one of the following phrases; translate the selected phrase into
Czech.      (2 points each)

INFANT INDUSTRY – EFFICIENCY GAINS – ECONOMIC EXTERNALITIES – IMF – THE FEDERAL RESERVE – ABSOLUTE
                                             ADVANTAGE


 1. __________________________________ proposed new measures to enhance customer protection in all
states of the US.

In Czech: ______________________________________________


 2. One of the main duties of the department is to measure and report ________ __________________
so that they can monitor progress.

             In Czech: ________________________________


 3. The governments are trying to protect their _________________________ by imposing tariffs and
quotas on imported goods to avoid fierce competition.

In Czech: _____________________________


D. Complete the sentences with correct forms of the following verbs; some verbs are not used:
           (1 point each)

                     DUMP – PEG – ENSURE – ENDANGER – ATTEMPT – FLOAT - HEDGE

1.      The government stopped _______ dollar against gold due to high inflation.

2.      The euro has been __________ recently because of the financial crisis.

3.      How can governments ___________ against currency speculation?

4.      The regulation ordering governments to stop ___________ their agricultural produce has been
largely disregarded.

E. Complete each sentence with a word made from the word given in brackets.
      (1 point each)

1. The price of gold has been rising __________________.      (CONTINUE)


2. We have never heard any ________________________ or any other negative comments from them.
(COURAGE)


3. This is a _____________ version of a rather complex economic theory. (SIMPLE)


4. The government has denied submitting any ________________ this year and we will have to raise
money from the private sector.   (SUBSIDIZE)


5.  Many opponents of __________________ claim that it can cause more harm than benefits.
(PROTECT)