Into Russian

a derived demand, equilibrium, foreigners’ demands, the relative rates, currency,

The demand, the supply, relative economic stability

1. The foreign exchange rate is the rate at which one country’s... (1) can be exchanged for another’s.

The demand for foreign exchange is... (2), it is derived from the demand for foreign goods and

Services (and financial assets).

The supply of foreign exchange is derived from... (3) for our goods and services.

In general, the demand curve of foreign exchange slopes downward and the supply curve of

Foreign exchange slopes upward. The... (4) foreign exchange rate occurs at the intersection of

The demand and supply curves for a currency.

A shift in... (5) for foreign goods will result in a shift in the demand for foreign exchange. The

Equilibrium foreign exchange rate will change.

A shift in... (6) of foreign currency will also cause a change in the equilibrium exchange rate.

Purchasing-power parity occurs when changes in the exchange rate for two currencies reflect

Only changes in... (7) of inflation in those two countries.

Changes in relative real interest rates, productivity, product preferences, and perceptions of...

(8) affect foreign exchange rates.

9.7.4. Written/Oral Practice

Make up sentences and microdialogues with the following word combinations on the subject of the

Unit.