Future Literacy 250-3 영한 Unit 05,06,07,08

own

adj. 자신의
Every country has its own currency, and you can normally only use that currency there.

numerous

adj. 많은
This depends on numerous factors, including world events and the economy.

factor

n. 요소
This depends on numerous factors, including world events and the economy.

economy

n. 경제
This depends on numerous factors, including world events and the economy.

government

n. 정부
If there are problems happening in a government, the value of that country’s currency may fall.

value

n. 가치
If there are problems happening in a government, the value of that country’s currency may fall.

import

v. 수입하다
Also, if Americans want to import a large amount of products made in Europe, they need to buy euros.

currency

n. 통화
Every country has its own currency, and you can normally only use that currency there.

bank

n. 은행
Therefore, when people travel, they need to go to the bank to exchange their money.

exchange

v. 교환하다
Therefore, when people travel, they need to go to the bank to exchange their money.

rate

n. 비율
In order to do currency exchange, banks use foreign exchange rates, or FX rates.

determine

v. 결정하다
Foreign exchange rates used to be determined by how much gold a country had.

country

n. 나라
Foreign exchange rates used to be determined by how much gold a country had.

fixed

adj. 고정된
This was called a fixed exchange rate.

floating

adj. 유동적인
Now, countries use a floating exchange rate.

deal with

phr v. 다루다
Everyone knows that banks deal with finances.

loan

n. 대출금
This is called a bank loan.

collect

v. 수집하다
Banks collect interest from these loans.

lend

v. 빌려주다
Banks also lend money to businesses.

pay back

phr v. 돈을 갚다
They have to decide if the business will be able to pay back the business loan.

significant

adj. 중요한
So, banks play a significant role in the economy.

role

n. 역할
So, banks play a significant role in the economy.

finance

n. 재정
Everyone knows that banks deal with finances.

purpose

n. 목적
But people use banks for different purposes.

put into

phr v. ~에 넣다
Most people put money into banks to keep it safe.

account

n. 계좌
Most banks offer savings accounts to their customers.

interest

n. 이자
Banks pay money called interest to their customers for keeping money in these accounts.

kind

n. 종류
There are different kinds of savings accounts...

allow

v. 허락하다
...but all of them allow customers to save and earn money.

earn

v. 벌다
...but all of them allow customers to save and earn money.

cost

n. 비용
Businesses set prices to cover their costs and to make a profit.

store

n. 가게
Business owners need to know what other stores are charging for the same or a similar product.

competitive

adj. 경쟁적인
That way, they can make competitive choices.

employee

n. 직원
There are employees and rent to pay...

rent

n. 임차료
There are employees and rent to pay...

adjust

v. 조정하다
Business owners must constantly look at their pricing and adjust it.

critical

adj. 중요한
Therefore, knowing how to set a fair price for a product is critical.

profit

n. 이익
Businesses set prices to cover their costs and to make a profit.

make sure

phr v. 확실히 하다
They must make sure their price is not too low or too high.

fair

adj. 타당한
Customers must feel it is a fair price.

item

n. 물품
A price that is too low can make customers think the item is not worth buying.

pair

n. 한쌍, 짝
If a pair of boots sells for $20, customers may think they are not well made.

quality

n. 품질
The customers may go to another store to look for a better-quality product.

product

n. 생산품
The customers may go to another store to look for a better-quality product.

owner

n. 주인
Business owners need to know what other stores are charging for the same or a similar product.

goods

n. 상품
Hyperinflation is when the prices of goods and services go up by over 50 percent within a month.

scared

adj. 무서운
Since people are scared, they keep buying.

shortage

n. 부족
This creates shortages and prices keep rising.

run out

phr v. 고갈되다
People run out of money.

bill

n. 지폐
They cannot pay bills and have no money to save in banks.

dangerous

adj. 위험한
Hyperinflation is dangerous.

avoid

v. 피하다
They know that they must avoid hyperinflation in order to control prices and keep jobs.

within

prep. 안에
Hyperinflation is when the prices of goods and services go up by over 50 percent within a month.

occur

v. 발생하다
This can create many problems, so governments must be careful that hyperinflation does not occur.

always

adv. 항상
Governments always print new money.

print

v. 인쇄하다
Governments always print new money.

supply

n. 공급
As the money supply goes up, so do the prices of products.

inflation

n. 물가상승
This is normal inflation.

consumer

n. 소비자
When hyperinflation happens, consumers know that if they wait, they will pay higher prices.

demand

n. 수요
Demand for goods becomes stronger.