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Exercises

1. Insert the correct article.

1. The Federal Reserve System is … central banking system in … USA.

2. It was set up by … Federal Government in … 1913.

3. There are also … twenty five branches of … Federal Reserve Banks.

4. … Federal Reserve System, in collaboration with … Government of … USA, determines … monetary policy.

5. … Board determines the reserve requirements of the commercial banks.

2. Write down the Russian equivalents.

The Federal Reserve System, a Federal Reserve Bank, the Federal Reserve Board, the Federal Reserve Districts, an incorporated state bank, a commercial bank, a mutual savings bank, an industrial bank, a discount rate, a trust company.

3. Insert the words as in the text.

1. The Federal Reserve … hold the reserves of the member banks, i. e. … which are members of the Federal Reserve System.

2. The FRBs supply the member banks with … if necessary.

3. The FRBs act to the member banks as … by rediscounting …

4. The Board determines the … requirements of the … banks.

5. The Board determines … rates.

6. The FRS in collaboration with the Government determines … policy.

7. Incorporated state banks are those which have … from the state to act as …

8. Mutual savings banks are savings banks owned by …

9. Industrial banks make … for the purchase or manufacture of … products.

4. Say if the statements are True or False.

1. The Federal Reserve System of the USA is practically the national bank of the country.

2. It was set up soon after the country was established as the USA.

3. There are 12 Federal Reserve Banks.

4. The FR Banks are located in every state capital of the USA.

5. Write down the questions for the following answers.

1. Yes, there are also 25 branches of the FRBs.

2. The Federal Reserve Board of Governors does.

3. In Washington.

4. Yes, they hold the reserves of the member banks.

5. They are commercial banks.

6. Sum up what the text says about the Federal Reserve System, incorporated states banks, mutual savings banks, industrial banks. Список рекомендованной литературы

Беседуем по-английски: учеб. пособие / [сост.: Н.В. Леткина]. 2-е изд., испр. и доп. Саранск, 2006. 76 с.

Богацкий, И.С. Бизнес-курс английского языка: слов.-справ. / И.С. Богацкий, Н.М. Дюканова. 5-е изд. испр. Киев: ООО ИП «Логос», 2004. 352 с.

Голубев, А.П. Английский язык: учеб. пособие для студентов сред. проф. учеб. заведений / А.П. Голубев, Н.В. Балюк, И.Б. Смирнова. М.: ИЦ «Академия», 2004. 336 с.

Любимцева, С.Н. Читаем. Говорим. Слушаем. Деловой английский язык для начинающих / С.Н. Любимцева, Л.Г. Памухина. М.: ГИС, 1998. 176 с.

Осикова, Л.Н. Английский язык: сб. текстов и упражнений / Моск. ун-т потреб. кооперации. М., 2003. 92 с.

Чечетин, Н.А. Английский язык: сб. текстов и упражнений для самост. работы / Моск. ун-т потреб. кооперации. М., 2004. – 28 с.

Шевелева, С.А. Основы экономики и бизнеса: учеб. пособие для учащихся сред. проф. учеб. заведений / С.А. Шевелева, В.Е. Стогов. 3-е изд., перераб. и доп. М.: Юнити-Дана, 2006. 496 с.

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