X. Переведите текст письменно.

THE MONEY MARKETS

London’s money markets channel wholesale, short-term funds between lenders and borrowers, an operation conducted by all the major banks and financial institutions.

The Bank of England regulates the market, authorizing many of its participants and laying down an ethical conduct followed by all participants. There is no physical market

place; negotiations are conducted mostly by telephone or via automated dealing system.

The main financial instruments are CDs; bill of exchange; Treasury and local authority bills; and short-term government stocks. The bill markets and those in which the discount houses borrow from the rest of the banking system are often referred to as the “traditional” markets.

Контрольная работа № 4

по английскому языку для студентов экономических специальностей

заочного отделения

Вариант 2

IV семестр

I. Прочитайте и переведите текст (устно).

Russia and the international trade system 

According to a medium-term forecast for developments in the area of the international economy, business revival is cumulating momentum after the recession it experienced in early 1990s. It had a relevant effect on the world trade. In 1994 the average international trade turnover showed a 9.5 percent growth being a record figure in the last 20 years and by 3 times exceeding the increase in the international production. In 1995 the World Trade Organization estimated 8 percent increase in trade turnover as compared with a 3 percent growth in the world production. World Bank experts think that in the next 10 years an average increase in foreign trade will make 6 percent annually. 

An economic run-up in most industrialized countries was followed by a growing demand for many products and a consecutive price hike on international markets. 

As market relations develop, process of internal price structure formation continues in Russia and it gradually closes to the price system existing on world markets. In 1995 contract prices grew perceptibly, however, prices of a majority of energy resources lagged behind those on the world trade markets in terms of rates of increase. The outcome was a worsening balance between contract and world prices. 

II. Выберите правильный вариант ответа на вопросы к тексту.

1. What caused business revival?

a) the recession it experienced in early 1990s.

b) a record turnover in the last 20 years.

c) market relation development.

2. What do World Bank experts predict for the next 10 years?

a) a 3 percent growth in the world production.

b) a 8 percent increase in trade turnover.

c) a 6 percent increase in foreign trade annually.

3. What grew perceptibly in 1995?

a) contract prices.

b) prices of a majority of energy resources.

c) world prices.

III. Закончите предложения по содержанию прочитанного текста.

4. In 1994 the average international trade turnover showed a 9.5 percent growth being a record figure ________.

a) in the last 20 years

b) in the last 10 years

c) In 1995

5. There was an economic run-up in _________.

a) in Russia

b) most industrialized countries

c) in Europe

6. The World Trade Organization estimated 8 percent increase in trade turnover ________.

a) In 1994

b) In 1995

c) In 1990