I. Ответьте на вопросы

1. When was the Fed created?

2. What does the Board of Governors do?

3. What do the Federal Reserve banks do?

4. Why do you think the banks cannot lend out all the money?

II. Отреагируйте на утверждения:

1. The Board of Directors consists of 10 persons	That’s right/ That’s wrong)
2. The Fed is built around 12 geographic districts	(No doubt/ You are mistaken)
3. The Open Market Committee is made up of 5 members	(Sure/ Of course not)
4. It offers money on the nation’s financial problems	(You’re mistaken/ You’re right)

III. Найдите определения:

1. innovation	1. coins or notes given and accepted when buying and selling
2. sale	2. is an organization that makes or sells goods or services
3. money	3. something new that is introduced
4. company	4. exchange of goods or property for money

IV. Охарактеризуйте :

1) структуру Федеральной Резервной Системы

2) функции Федеральной Резервной Системы

V. Выпишите как можно больше словосочетаний со словами:

district, money, reserve

VIII. Ответьте на вопрос:

Why was the Fed created?

4 Вариант

As the nation’s central bank, the Federal Reserve System has four separate and distinct roles that profoundly affect the economy:

1. provides banking services for financial institutions

2. serves as the federal government’s bank

3. supervises member banks

4. manages the nation’s supply of money and credit

The FED provides the kinds of services for banks that banks provide for the public:

1. Supply cash. Just as you would go to your bank to withdraw cash when you need it, banks draw currency from their accounts with their district Federal Reserve Bank.

2. Process checks. When individuals, business firms, student companies and others receive checks they usually deposit them in their banks. There, the checks are credited to the depositor’s accounts and passed along for collection from the institution upon which they were drawn.

3. Hold deposit accounts. Banks keep their reserves and other funds on deposit in a kind of checking account at their district bank.

4. Make loans

5. Transfer funds

I. Ответьте на вопросы

1. How many roles has the Fed?

2. Does the Fed serve as the government’s bank?

3. How many services does the Fed provide?

4. Where do the banks keep their reserves?

II. Отреагируйте на утверждения:

1. The Fed has four roles that influence the economy	That’s right/ That’s wrong)
2. When individuals receive checks they keep them at home	(No doubt/ You are mistaken)
3. The Fed transfer funds	(Sure/ Of course not)
4. The Fed supervises all banks	(You’re mistaken/ You’re right)

III. Найдите определения:

1. accountant	1. payment of a share of profit to shareholders in a company
2. dividend	2. one whose occupation is the keeping of accounts
3. to pay	3. exchange of goods for money
4. trade	4. to give somebody money for goods and services

IV. Охарактеризуйте

1) влияние Федеральной Резервной Системы на экономику в целом

2) перемещение чеков

V. Выпишите как можно больше словосочетаний со словами:

bank, checks, deposits

VIII. Ответьте на вопрос

Why the Fed is the banker’s bank?