Toshkent m oliyainstituti

Task 3.Give your idea on the topic:” Financial markets”

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What are Primary and Secondary Industries?
Task 2. Read and retell the text.
Money is better than swapping for a number of reasons. In the first place, 
money is accepted by people in exchange for goods and services. Therefore, it serves 
as a medium of exchange. They have to believe in its value or it won't become a 
medium of exchange. Paper money and coins, which together are called currency, 
are common form of money. They are a medium of exchange in most countries 
because they are accepted for their value. You will accept paper money or coins for 
your work, for example, in a sports equipment store.A second reason why money 
works better than bartering relates to value in a cave society, jewelry was not 
considered as valuable as tools. How do you determine what the jewelry is worth? 
That's where money can be very helpful. In determining the value or worth of one 
thing in relation to another, money becomes a standard of value. The jewelry is worth 
so much money. The tools are worth this much money. Money has become the com­
mon standard of value. And it's much easier to compare values by looking at price 
tags than by comparing one item to another. American standard of value is the dollar 
and all the coins, like pennies and nickels, that are part of the dollar. Other currencies 
serve the same purpose in other countries. Goods and services are valued in terms 
of rubles in Russia, pesos in Mexico. What the money is called or how it looks 
doesn't really matter. What matters is that it is accepted as a medium of exchange 
and a standard of value within that nation.There is a third important function that 
money serves, which bartering cannot. In some tribal societies, cattle were swapped 
for other things. But cattle grow old, and as they grow old they are usually worth 
less. Eventually, they die. It wouldn’t be very useful, then, to save cattle as a means 
of increasing your future purchasing power. Money, on the other hand, can be stored 
or kept for later use. It has a store of value. By itself it is worth something. It can 
increase your worth or value.