Words and word combinations:

1. deposit account депозитный счет

2. apart from не говоря уже о, кроме, не считая

3. banker банкир

4. perform a function осуществлять функцию

5. client клиент

6. collect cheques инкассировать чеки

7. discount bills учитывать векселя

8. transfer money переводить денежные средства

9. securities ценные бумаги

10. take charge of clients’ брать на хранение ценности клиентов

valuables

11. supervise контролировать, осуществлять надзор

12. have the sole right иметь монопольное право

13. issue banknotes выпускать денежные знаки

14. license лицензировать, выдавать лицензии

15. retail bank более мелкий банк

Ex.9. Match the infinitives in A with the nouns in B.

A B

to carry out and to regulate a place

to perform loans

to license activities

to occupy funds

to buy money

to borrow intermediaries

to issue a role

to use banknotes

to act as an account

to play bills

to open a function

to provide cheques

to collect currency

to discount banks

Ex.10. Say what you know about banks, what institutions comprise a financial system.

Ex.11. Read and translate the text.

The Stock Exchange

A stock exchange is a highly organized financial market where bonds, shares and other securities can be bought or sold.

Stock market business is worldwide. London, Johannesburg, New York, Melbourne, Tokyo, Calcutta, Paris, Amsterdam and Brussels are all famous centres of stock exchange activity.

The function of a stock exchange is to put those who wish to sell securities in touch with those who wish to buy them.

The London Stock Exchange plays a vital role in maintaining London’s position as a major financial centre. London has had a stock exchange for dealing in* different securities for over 200 years, its first building was constructed in 1801. Then, in 1853 a new building was constructed on the same site. But to keep pace with modern requirements and to provide the most up-to-date facilities for both members and investors it was decided once again to rebuild the Stock Exchange on the same site. Work started in 1966. The Stock Exchange was completed in 1972.

As a result of legal reforms implemented in 1986 and known as “Big Bang”, the Exchange has changed radically over recent years. The most fundamental change has been the move away from the traditional market floor to screen-based trading. Now stockbrokers deal in securities through telephones and computers which have linked London much more closely with the other major international financial centers.

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^*to deal in – торговать, BUT: to deal with – иметь дело с чем-либо