9. Tick off the best translation of the given sentences:

1) In Russia there are more than 1,000 commercial banks authorized by the Bank of Russia to perform foreign currency transactions.

1. В России существует более 1000 коммерческих банков, санкционированных Банком России совершать операции с иностранной валютой.

2. В России существует более 1000 коммерческих банков, уполномоченных Банком России совершать операции с иностранной валютой.

3. В России существует более 1000 коммерческих банков, легализованных Банком России совершать операции с иностранной валютой.

2) In Russia no specific bank secrecy laws exist relating to the confidentiality of the relationship between a bank and its customers and their transactions.

1. В России не существуют никакие секретные законы, связанные с конфиденциальностью отношений банка с его клиентами и секретностью их операций.

2. В России нет каких-либо особых законов, относящихся к конфиденциальности отношений банка с его клиентами и их операциям.

3. В России нет каких-либо секретных законов, связанных с конфиденциальностью отношений банка с его клиентами и секретностью их операций.

10. Read the text “World Economic Integration” and give the Russian equivalents for the words and word groups given in italics: World Economic Integration

This trend is, first and foremost, a product of high mobility of world capital. In countries with an underdeveloped economy and market infrastructure this process is responsible for capital flight, outflow of skilled workforce, and the brain drain. The negative by-products of globalization are deftly used by criminal groups which reap colossal profits.

Integration of the world economy brought about globalization of international finances and as a result, evolution of offshore markets, which, on the one hand, precipitated the development of international trade and investment but, on the other, brought forth a world shadow economy, exempt from taxation in offshore zones.

The new global financial system is outside the control of any particular country and is increasingly dictating its own priorities — in the interest of quick money return and short-term gains, as opposed to the priorities of producers, national budgets, and governments. As a result, national economies are gradually breaking away from social developments in their own countries, triggering a chain of anti-social consequences.

Consolidation and merging of regional and sectoral financial markets into a worldwide financial market leads to the emergence of global monopolies wielding unprecedented supra-national power on world markets. Frequently these global monopolies are not even institutionalized and therefore do not lend themselves to traditional analysis. The speed of capital flow on the present-day global financial market is basically equal to the speed of information flow, not surprisingly far outpacing the comprehension of both these processes. Trillions of dollars in "hot" money, produced by the flow of capital, can send a shock wave capable of overthrowing any national economy, as could be seen from the 1997- 1999 world financial crisis.

Globalization process and the emergence of supranational commercial conglomerates mean that the well-being of every individual may be contingent on decisions made in some obscure office at the other end of the world, by top executives in a group of companies not subject to national government control. Moreover, not infrequently these executives also happen to be the shadow leaders of transnational organized crime groups.

market infrastructure __________________________________________________

outflow of skilled workforce ____________________________________________

by-products of globalization ____________________________________________

reap colossal profits ___________________________________________________

offshore markets _______________________________________________________

exempt from taxation in offshore zones __________________________________

priorities _____________________________________________________________

short-term gains _____________________________________________________

capital flow __________________________________________________________

contingent on decisions _______________________________________________

not subject to national government control ________________________________