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2. Change the underlined parts of the sentences by Gerund with prepositions.

1. According to the special Copyright Act nobody is allowed to repro­duce and make copies of any book if he doesn't receive the owner’s permission. (without)

2. When the owner signed a number of documents, his real estate was transferred to this educational centre. (after)

3. When the accountant was preparing a balance sheet, he made a few serious mistakes. (in)

4. The company is able to increase its profits only if it introduces proper technologies. (by)

5. If the Sales Manager decides to sell company stock-in-trade, (товарний запас) he has to consult the company's president. (before)

6. The company can attract additional capital investments either issuing extra stocks or borrowing a loan from a bank. (by)

7. Even having sold a great share of its stock-in-trade, the company is reported to be bankrupt. (in spite of)

8. If the company does not enjov a good reputation, it is not expected to be attractive to potential stockholders. (without)

9. If the Personnel Manager is going to hire a new employee, he always invites the latter to an interview. (before)

Unit 9

central banking system система центрального банку

money supply грошовий обсяг, кількість грошей у обігу

lender кредитор

lender of last resort останній кредитор у критичній ситуації, центральний банк

exchange rate курс обміну

to intervene втручатися

foreign exchange market ринок іноземної валюти

reserve requirements резервні вимоги

to oblige зобов’язувати, примушувати

deposit вклад

"prudential ratios" «коефіцієнт розсудливості»

liquid ratio відношення ліквідних активів банків до сумарних депозитів

target ціль, контрольна цифра

open market operations операції на відкритому ринку

term of office термін повноважень

money in circulation гроші в обігу

to make sure забезпечувати, гарантувати

to accept акцептувати (дати згоду)

check clearing кліринг чеків (взаємозалік)

worn currency старі банкноти

security цінний папір

to maintain accounts вести рахунки

transfer of funds грошовий переказ

to prevent попереджувати

broad powers широкі повноваження

regulation(s) правила, інструкції

to be aimed at doing smth .. бути направленим на…

sound business practice чесна практика ділових відносин

fraction частина, доля

to lend позичати

government bond державна облігація

stock market crash крах фондової біржі

1. Find the verbs and put them in alphabetical order.

2. Make up sentences with these verbs.

3. Work with the a list of new words as in the example(students have to name words by heart)

Student A: scarce

Student B: raw materials

4. Find word combinations and make up sentences starting with phrases:

It seems to me that…; It is difficult to give answer….

5. Read and translate sentences only with new lexis.

1. The central banking system is a major sector of any modern monetary system.

2. Banking panic often took place in the nineteenth century.

3. Central banks in different countries impose different “prudential ratios” on commercial banks.

4. The system consists of twelve Federal Reserve banks and a board of governors.

5. The Fed's regulations are aimed at making sure that banks use sound business practices.

6. In the first years of the Great Depression, a great many banks failed.

7. To ensure the safety of the banking system, central banks impose reserve requirements.

8. Members of the Fed's board of governors are appointed by the president of the United States and confirmed by the Senate.