2. Определите, является ли утверждение:

The franchisor doesn’t help you setting up the business and doesn’t provide you with manual telling how to run it.

1. ложным

2. в тексте нет информации

3. истинным

3. Определите, является ли утверждение:

The majority of franchisees have succeeded due to their franchise agreements.

1. в тексте нет информации

2. ложным

3. истинным

3. Укажите, какой части текста (1-4) соответствует следующая информация:

Benefits that a franchise may offer to a franchisee.

▪ 1

▪ 2

▪ 3

▪ 4

3. Укажите, какой части текста (1-4) соответствует следующая информация:

Franchises have become so popular because they have satisfied the requirements of the market.

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• 2

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3. Ответьте на вопрос:

Who is franchisee?

1. An organization that gives permission to another organization to use a patent that it owns in order to make something.

2. Someone who pays a royalty and often an initial fee for the right to do business.

3. The bank that lends money to buy a franchise.

4. Someone who lends his trademark or trade name and a business system.

3. Определите основную идею текста:

   1. Things to be aware of when choosing a franchise.

   2. What makes a good franchise.

   3. The difference between License and Franchise agreement.

   4. Advantages of owning a franchise.

Задача 18. Monetary Policy and Fiscal Stabilization

The Federal Reserve System's operation has evolved over time in response to major events. The Congress established the Federal Reserve System in 1913 to strengthen the supervision of the banking system and stop bank panics that had erupted periodically in the previous century. As a result of the Great Depression in the 1930s, Congress gave the Fed authority to vary reserve requirements and to regulate stock market margins (the amount of cash people must put down when buying stocks on credit).

Still, the Federal Reserve often tended to follow the elected officials in matters of overall economic policy. During World War II, for instance, the Fed subordinated its operations help the U.S. Treasury borrowed money at low interest rates. Later, when the government sold large amounts of Treasury securities to finance the Korean War, the Fed bought heavily to keep the prices of these securities from falling (thereby pumping up the money supply).

The Fed reasserted its independence in 1951. But the central bank still did not stray too far from the political orthodoxy. During the fiscally conservative administration of President Dwight D. Eisenhower (1953-1961), for instance, the Fed emphasized price stability and restriction of monetary growth, while under more liberal presidents in the 1960s, it stressed full employment and economic growth.

During much of the 1970s, the Fed allowed rapid credit expansion in keeping with the government's desire to combat unemployment. But with inflation increasingly ravaging the economy, the central bank abruptly tightened monetary policy beginning in 1979. This policy successfully slowed the growth of the money supply, but it helped trigger sharp recessions in 1980 and 1981-1982. The inflation rate did come down, however, and by the middle of the decade the Fed was again able to pursue a cautiously expansionary policy. Interest rates, however, stayed relatively high as the federal government had to borrow heavily to finance its budget deficit. Rates slowly came down, too, as the deficit narrowed and ultimately disappeared in the 1990s.

1) Определите, является ли утверждение

Congress is in charge of reserve requirements and stock market margins.

• Истинным

• В тексте нет информации

• Ложным

2) Определите, является ли утверждение

During the Korean War the Fed caused an increase of the money supply by buying Treasury securities in order to prevent their falling of prices.

• Истинным

• В тексте нет информации

• Ложным

3) Определите, является ли утверждение

The main objective of the Federal Reserve System is to combat inflation.

• Истинным

• В тексте нет информации

• Ложным

4) Укажите, какой части текста соответствует следующая информация

The way the head of the state may influence the Federal Reserve policy.

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• 2

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• 4

5) Укажите, какой части текста соответствует следующая информация

Monetary policy of the Federal Reserve at the end of the 20^th century..

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• 2

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• 4

6) Ответьте на вопрос:

What is the main function of the Federal Reserve System?

• To control the banking system and its operations.

• To keep the prices of securities from falling.

• To finance a budget deficit.

• To pursue a cautiously expansionary policy.

7) Определите основную идею текста.

• The main objective of the Federal Reserve System is to combat unemployment and inflation.

• The Federal Reserve System plays an important role in determining monetary policy and supervising the banking system.

• The monetary policy depends on the type of the government in the country.

• Federal Reserve policy should not be subordinated to Treasury financing.