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6. Make up sentences putting the words in the correct order.

  1. Monetary, is, of, the, that, branch, policy, concerned, financial, controlling, of credit, and, money, supply, of, the.

  2. Interest, is, rate, price, a, paid, use, for, the, of, money, a, borrower, by, to, lender, the, money, of.

  3. Bond, a, is, formal, acknowledging, document, the, of, debt, existing.

  4. Currency, money, is, of, country, the, particular, a.

  5. Demand, wants, is, the, in, market, of, buyers.

6. Expenses, is, money, a, sum, of, on, the, running, spent, business, of.

7. Imports, are, the, services, bought, or, products, from, countries, other.

8. Bank, deposit, main, the, of, the, component, supply, money, industrialized, in, the, are, countries, demand-driven, well, as.

7. Checking facts and ideas. Decide if the statements are true or false.

  1. If government pursues a "tight" monetary policy, it allows the amount of money in circulation to rise and reduces the funds available banks for making loans.

  2. When money is tight the interest rates rise, because commercial banks have to borrow a higher rate on the interbank market.

  3. The central bank can not influence on the work of commercial banks.

  4. Monetary policy is a weal for every economic system.

  5. The inflation of the currency depends on the government activity.

  6. Bond is a formal document acknowledging the existence of a debt.

  7. Currency is the money of a particular country.

  8. Monetary policy in the industrialised world today essentially takes the form of announced official rates for lending to banks and central bank "steering" of short-term rates.

8. Single out the main facts from the texts and present them in a short essay. Use the following opening phrases:

The text looks at (the problem of…)

The text deals with the issue of..

It is clear from the text that…

Among other things the text raises the issue of…

The problem of…is of great importance

One of the main points to be singled out is

Great importance is also attached to…

In this connection, I’d like to say…

It further says that…

I find the question of…very important because…

We shouldn’t forget that…

I think that…should be mentioned here as a very important…mechanism of… .

Grammar exercises

1. Translate the following sentences with Present Participle Passive and Perfect Participle.

Having lowered the prices, the firm…. – Знизивши ціни, фірма…

Having obtained a loan, the firm…- Отримавши позичку…

Having settled the debts, the bank…

Having imposed a high level of taxes, the government…

Having increased the money supply, the central bank…

Having provided currency to banks, the firm…

Being used in this way, money…- Коли гроші використовують таким чином, вони…

Being imposed by the government, ceiling prices… -Оскільки максимальні ціни встановлюються урядом, вони…

Being issued by the government, money…

Being pursued by government, a “tight” monetary policy…

Being determined by the average level of prices and wages, the amount of money circulation…

Being used as a medium of exchange, money…

Having been raised, the prices…- Після того, як ціни були підвищені…

Having been imposed, the protection tariff…- Після того, як був встановлений протекціоністський таріф, він…

Having been exhausted, natural resources...

Having been formed, the government…

Having been raised, the unemployment…

Having been fallen, the credits…