- •III. Draw up a plan of the text
- •Vocabulary Exercises
- •Translate the following sentences paying attention to the italicized words:
- •Vocabulary Exercises
- •7/7. Match British and American financial British
- •V. Complete the text using these words:
- •VI. Fill in the blanks with prepositions:
- •Vil Give the summary of the following text in English:
- •III. Write a report/make a presentation on the topics:
- •I. Answer the questions using the information from the text.
- •Vocabulary Exercises
- •I. Find the English equivalents for the following words and word-combinations in the text and make up sentences of your own with them:
- •III. Translate into English:
- •The national bank of ukraine
- •I. Answer the questions using the information from the text.
- •Vocabulary Exercises
- •IV. Change the noun form into the verb and adjective forms. You may need to use a dictionary.
- •V. Translate into English:
- •VI. Translate the following text into English:
- •II. Speak about:
- •III. Write a report/make a presentation on the topics:
- •Banking system of the united kingdom
- •Vocabulary Exercises
- •II. Find words and phrases in the text that mean:
- •III. Fill in the blanks with the most appropriate words from the list:
- •II. What do you know about the Bank of England? Which of the following statements are true/false? Find the part of the text that gives the correct information.
- •Vocabulary Exercises
- •III. Match these words as they occur in the text. Translate the phrases:
- •IV. Change the noun form into the verb and adjective forms. You may need to use a dictionary:
- •V. Suggest an appropriate synonym for each of the following words:
- •VI. Suggest an appropriate antonym for each of the following words:
- •IX. Fill in the blanks with prepositions:
- •X. Translate into English:
- •XI. Translate the following text into English:
- •7. Find the English equivalents for the following words and word-combinations in the text:
- •III. Give the summary of the text.
- •7. Discussion:
- •Vocabulary Exercises
- •IV. Fill in the blanks with the most appropriate words from the list:
- •VI. Complete the text using these words:
- •VII. Translate into English:
- •VIII. Translate the following text into English:
- •IX. Translate the following text into English:
- •I. Answer the questions using the information from the text.
- •II. Draw up a plan of the text.
- •Vocabulary Exercises
- •III. Change the noun form into the verb and adjective forms. You may need to use a dictionary:
- •V. Fill in the blanks so as to accurately portray the structure of the Federal Reserve System:
- •VI. Fill in the blanks with prepositions:
- •VII. Translate into English:
- •I. Discussion:
- •II. Speak about:
- •Banking services
- •Make up questions covering the content of the text and let your fellow students answer them.
- •Draw up a plan of the text.
- •Vocabulary Exercises
- •IV. Suggest an appropriate synonym for each of the following words:
- •V. Match the phrases with their explanations:
- •VIII. Complete the sentences below with the best answer:
- •X. Banks offer many different channels to access their banking and other services. Match the channels with their explanations.
- •Xl Complete the text using the words from the box given below:
- •XII. Fill in the blanks with prepositions: Benefits for the Economy
- •XIII. Translate into English:
- •II. Speak about:
- •III. Write a report/make a presentation on the topics:
V. Fill in the blanks so as to accurately portray the structure of the Federal Reserve System:
The Federal Reserve Bank of Philadelphia is one of regional
Reserve Banks in the United States that, along with the in
, make up the Federal Reserve System—the nation's
. The Federal Reserve System was established by Congress in
. To ensure a sound financial system and a healthy economy, the Fed
conducts , supervises and regulates financial institutions, maintains
the payments system, and serves as the in a financial crisis.
The , led by its Chairman, is a federal government agency and
the centralized component of the Fed, located in Washington, D.C., the Federal
Reserve Board consists of members—called Governors—who are appointed
by and confirmed by . A Governor's term is
years. The terms of the Chairman and Vice Chairman are years.
The is the Federal Reserve's chief monetary
policymaking body. The FOMC's decisions ultimately affect interest rates. The
FOMC's voting membership includes the members of the Board of
Governors, the president of the Reserve Bank, and of the
other Reserve Bank presidents, who serve in an annual rotation.
VI. Fill in the blanks with prepositions:
The First Bank of the United States: 1791-1811
The history ... central banking ... the United States begins almost with the founding ... the country. Once America won its independence, Congress was faced ... the task ... paying off the new nation's war debts.
Alexander Hamilton, the first Secretary ... the Treasury, urged Congress to also assume the war debts ... the individual states and then create a Bank ... the United States to help refinance all these debts. The bank would be the only national bank, and it would hold the federal government's deposits and lend to the government and business.
Hamilton's proposal faced major opposition. Critics said that Hamilton's bank was unconstitutional, would be a monopoly, and would reduce the power ... the states. Although Hamilton won, the bank's charter was limited to 20 years.
The first Bank ... the United States, also called the First Bank, helped transform the country ... a more unified national economy, but it was a private institution and foreigners owned 70 percent ... it. That worried many Americans. When the bank's charter came up for renewal ... 1811, it was rejected ... a single vote ... each house ... Congress.
The First Bank was not a central bank ... the modern sense, especially since the country had few banks. Nevertheless, ... branches ... eight port cities, its large size and broad geographic presence gave it influence ... the economy, particularly as changes ... its lending policies influenced state banks' lending practices.
Like other banks, the First Bank made business loans, accepted deposits, and issued notes that circulated as currency and were convertible ... gold or silver. Unlike state banks' notes, however, First Bank notes were valid ... payment of federal taxes.
The First Bank served as the federal government's fiscal agent, receiving its revenues, holding its deposits, and making its payments. Its stock was publicly traded and held ... both foreign and domestic investors.