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  1. Answer the questions:

When was hryvnia introduced?

What was the name of a temporary bill in Ukraine?

How old is the name of "hryvnia"?

Who and when tried to introduce new hryvnia currency?

What do you know about hryvnia protection?

What is there on the face side of bills of all denominations?

What can you see on the backside of hryvnia?

  1. Translate into English:

День Незалежності, рубльова зона, валюта, зробити спробу, обіг, вільноконвертована валюта, пункт обміну валют, захисні шари, захист від підробки, водяні знаки, номінал, мати цінність.

TEXT: THE EURO

the European Union (the EU) Європейський союз

benefit перевага; користь,

abolish (v) скасувати; усувати

transaction cost вapтіcть угоди

transparent прозорий; очевидний

transfer of funds переказ грошей

purchasing power купівельна спроможність

sustainable усталений

The single European currency, the euro, was launched on 1 January 1999. Since that time the € sign has become as familiar as the $ or Ј.

A stable currency whose owners are as big in world trade as the European Union is attractive to a lot of international investors who want to be less dependent on the dollar.

A single currency has potential benefits for the economy of every European Union's country, in particular, as well as for all member states in general. Among the advantages the following can be pointed out:

  • lower transaction cost: the euro makes commerce within the EU easier by abolishing the currency exchange mechanism. This, in turn, provides for lower transaction cost.

  • transparent price differences: the single currency makes price differences in different countries of the Euro zone more obvious.

  • reduced costs: for customers, in particular, to travel to other countries; easier and less expensive transfer of funds to other countries; secured purchasing power owing to lower inflation; more sustainable economic growth, which will increase employment.

  1. Answer the questions:

When was the single European currency launched?

Why is the euro attractive to international investors?

Does a single European currency have any benefits?

How does the euro make commerce within the EU easier?

What costs does the euro reduce?

What will increase employment in the EU?

  1. Translate into English:

Єдина європейська валюта, стабільна валюта, всесвітня торгівля, приваблива для інвесторів, перевага, вартість угоди, прозора різниця в цінах, скасувати механізм обміну валюти, знижувати вартість, купівельна спроможність, переказ грошей, економічне зростання.

TEXT: TYPES OF BANKS

Banking банківська справа

be engaged in (v) займатися

Central bank Центральный банк

the Federal Reserve System Федеральна резервна система

commercial bank комерційний банк

accept deposits (v) приймати вклади

make a loan (v) надавати позику

manage customers' accounts (v) вести рахунки клієнтів

merchant bank торговельний банк

investment bank інвестиційний банк

savings bank ощадний банк

savings account ощадний рахунок

A bank is an institution that deals in money and provides other financial services. Banks are at the heart of any financial system.

Banking is the business a bank is engaged in.

There exist different types of banks but their names may vary from one country to another.

Central banks such as the National Bank (Ukraine), the Bank of England (UK) or the Federal Reserve System (US) look after the government's finance and monetary policy, act as bankers for the state and for commercial banks, and are responsible for issuing banknotes.

Commercial banks deal directly with the public. They offer a wide range of services such as accepting deposits, making loans and managing customers' accounts. The aim of commercial banks is to earn profit.

Merchant banks don't deal with the public. They provide services for companies. They specialize in raising capital for industry, arranging flotations, takeovers and mergers, and investment portfolios.

Investment banks are firms that control the issue of new securities (shares and bonds).

Savings banks are financial institutions that specialize in providing services such as savings accounts as opposed to general banking services.

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