Section 3.
Task 1. Learning to rephrase.
1.Bartering is the process by which trade takes place through the exchange of goods.
2.Whereas in the past, seashells and spices had no specific value, this new money idea had a stated value.
3.However, due to recent economic developments, the world is once again conducting trade by bartering goods for goods.
4.We refer to the more valuable currency as hard currency, while we term the less valuable money, soft currency.
5.In fact, hard currency is usually demanded by the seller, particularly if the seller is from a nation having hard currency.
6.Inflation refers to an abnormally rapid increase in prices.
7.As a result of the scarcity of hard currency in some nations and the recent high world-wide inflation,
it's obvious that the conventional method of payment in hard currency must be supplemented by other types of payment such as bartering.
8.Not only is the following illustration, a good example of bartering,
it also reveals, to a small degree, consumer preferences in beverages in the USSR and the United States.
9.It seems that Pepsi-Cola was the first company to introduce cola into the USSR, much to the disappointment of Coca-Cola.
10.Of course, bartering presents some great problems that are not always easy to overcome.