经贸知识英语复习资料.doc

一、Fill in the blanks.(20×2’=40’)
1. Money has evolved modity money–which has use value as well as value as a medium of exchange–to modity money–which has little or no use value. modity money is cheap to produce and use, modity money involves a high opportunity cost because its non-ary value is sacrificed. Since modity money is so easy to produce, there is always a danger that is will be overproduced.
2. Changes in the money supply or its rate of growth influence such economic variables as the unemployment rate, aggregate output, inflation, foregin exchange rate and stock market fluctuation.
3. The value of an item is a measure of what a person will sacrifice to obtain it. Value is psychological evaluation on items rather than decided by the cost or time human spent in producing them.
4. The M-1 aggregate is meant to approximate the transactions balances concept of money. M-1 consists of currency in circulation, traveler’s checks, demand deposits, and certain other checkable deposits, such as automatic transfer service (ATS) account.
5. PPI is formerly known as the “modities” wholesale price index. Actually, it measures average changes in price received by domestic producers for their output. The producer price index is of general interest since it is often a precursor of price level changes at the retail level.
6. Based on the cost of a fixed basket of approximately 400