- •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:
XII. Fill in the blanks with prepositions: Benefits for the Economy
The deposit and loan services provided ... banks benefit an economy ... many ways. First, checking accounts, because they act like cash, make it much easier to buy goods and services and therefore help both consumers and businesses, who would find it inconvenient to carry or send through the mail huge amounts of cash. Second, loans enable consumers to improve their standard ... living ... borrowing money to purchase cars, houses, and other expensive consumer goods that they otherwise could not afford. Third, loans help businesses finance plant expansion and production ... new goods, and therefore increase employment and economic growth. Finally, since banks want loans repaid, banks choose borrowers carefully and monitor performance ...a company's managers very closely. This helps ensure that only the best projects get financed and that companies are run efficiently. This creates a healthy, efficient economy. ... addition, since the owners (stockholders) ... a company receiving a loan want their company to be profitable and managed efficiently, bankers act as surrogate monitors for stockholders who cannot be present... a regular basis to watch the company's managers.
The checking account services offered ... banks provide an additional benefit to the economy. Because checks are widely accepted as payment ... goods and services, the checking accounts offered ... banks are functionally equivalent to real money—that is, currency and coin. When banks issue checking accounts they, ... effect, create money without the federal government having to print more currency. Under government regulations ... many countries, banks must hold a reserve of paper currency and coin equal to at least 10 percent of their checking account deposits. ... the United States, banks keep these reserves ... their own vaults or ... deposit ... the U.S. government's central bank known as the Federal Reserve, or the Fed. If someone wants a $10 loan, the bank can give that person a $10 checking account with only $1 ... currency in its vault. As a result U.S. banks can create at least $10 ... checking account money ... every $1 ... real money (currency or coin) actually printed ... the federal government. This arrangement, which allows extra deposit money to be created ... banks, is referred to as a fractional reserve banking system.
Because banks attract large amounts ... savings from depositors, banks can make many loans to many different customers ... various amounts and ... various maturities (dates when loans are due). Banks can thereby diversify their loans, and this ... turn means that a bank is at less risk if one of its customers fails to repay a loan. The lowering of risk makes bank deposits safer ... depositors. Safety encourages even more bank deposits and therefore even more loans. This flow ... money from savers ... banks to the ultimate borrower is called financial intermediation because money flows through an intermediary—that is, the bank.