Английский язык 3,5 года / Английский язык / Лариса Анато / 59

Раздел V

as intermediaries between the Bank of England and the rest of the banking sector promoting an orderly flow of funds between the authorities and the banks.

Investing Institutions

The investing institutions collect savings drawn from the personal sector and invest thern in securities and other assets. The main investment institutions are insurance companies (providing general and life policies) together with insurance broking firms, pension funds, unit trusts and investment trusts. Together, they represent a massive pool of funds for investment.

Special Financing Institutions

Operating in both the public and private sectors, there are a number of different special financial institutions offering loan finance and equity capital. In the private sector they include finance houses; specialist leasing houses; factoring companies and venture capital companies, each providing an alternative to retail bank funding.

The Financial Markets

The city of London has long been the nexus of international activity in a number of highly organized financial markets. These include the London Stock Exchange, the sterling money and bond markets; the foreign exchange markets; eurocurrency markets; financial futures; bullion; commodities; shipping and freight.

Пояснения к тексту:

Bank of England — Банк Англии (Центральный банк Великобритании);

Тексты дополнительного чтения

commercial bank — коммерческий банк;

retail bank — розничный банк (банк, занимающий­ся обслуживанием мелкой клиентуры);

building society — жилищно-строительный коопе­ратив, выполняющий функции сберегательного учреждения: прием вкладов и выдача ссуд на приобре­тение домов; international bank — международный банк.

Ответьте на вопросы:

1. What do you know about the Bank of England?

2. What do you know about commercial banks?

3. What do you know about retail banks?

4. What do you know about building Societies?

5. What can you say about International Banks?

6. What can you say about Merchant Banks?

7. What can you say about National Savings'?

8. What can you say about Discount Houses?

9. What can you say about Investing Institutions?

10. What can you say about the Financial Markets?

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