- •Central Banks and Monetary Policy
- •Central Banks and Monetary Policy
- •I. Match these word combinations with their Russian equivalents.
- •IV. Insert the proper prepositions.
- •V. Translate the following Russian sentences into English using the vocabulary of the text.
- •VI. Match the words in column a with their definitions in column b.
- •VII. Give explanation to different economic terms.
- •VIII. Interpret and extend the following statements.
V. Translate the following Russian sentences into English using the vocabulary of the text.
1. Центральный банк контролирует экономику путем увеличения или уменьшения банковских вкладов и займов.
2. Экономический рост в стране замедляется, когда центральный банк сокращает объемы кредитования.
3. Резервные требования определяются центральным банком, чтобы контролировать денежную массу страны.
4. Коммерческие банки должны хранить около 10% от вкладов в качестве резерва.
5. Когда центральный банк снижает процентные ставки по займам, он дает хороший стимул для экономического роста.
VI. Match the words in column a with their definitions in column b.
A |
B |
1) reserve |
a) stocks or shares in a company
|
2) loan
|
b) the system or type of money that a country uses |
3) securities
|
c) a supply of money kept to be used if it is needed |
4) vault
|
d) an amount of money that you borrow from a bank |
5) currency
|
e) a room with thick walls and strong door where money, jewels etc are kept to prevent them from being stolen or damaged |
VII. Give explanation to different economic terms.
VIII. Interpret and extend the following statements.
In most modern economies notes and coins are only a small percentage – often less than 10 percent – of the money supply.
A central bank controls country’s economy.
A central bank coordinates the monetary policy in many ways.
A central bank serves as a watchdog.