Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
UMP English for future bankers and financiers C...doc
Скачиваний:
7
Добавлен:
10.11.2019
Размер:
641.54 Кб
Скачать

5. Answer the following questions based on text a:

  1. Why and when was the Bank of England founded?

  2. What type of securities make up the National Debt?

  3. What is the money raised in this way spent on?

  4. Enumerate the most important functions of the Bank of England.

  5. What is the object of a central bank's management in the monetary field?

  6. What principle does the Bank of England follow in exercising it$ control over the monetary policy?

  7. What instruments of control has the Bank got at its disposal?

6. Explain the following expressions:

to provide fiduciary services, large (small) scale services, to act as a floor broker, to apply to a lending institution, to be a subject to scrutiny, to trade on the stock exchange, to charge high commissions for one's services, to influence the price, an expensive undertaking.

7. Find the names of banking and financial institutions mentioned in the dialogue and the text and match them with the definitions given in the exercise.

1. A bank whose major services are accepting and protecting money for deposit and paying cheques issued by the depositors, invest for profit a portion of this money.

2. A bank which has a charter from the federal government.

3. A bank which has a charter from a state government.

4. A bank established by the government of the USA to make loans for the purchase of land.

5. An institution which handles brokerage.

6. A place where stocks are bought and sold.

7. An institution formed by a group of persons who combine their sav­ings in order to make loans to members at a low rate of interest.

8. A lending institution without a bank charter which specializes in making small loans on open note or secured by chattel mortgage.

9. An institution which accepts savings deposits and makes loans mainly for the purchase and repair of homes.

10. An institution which manages trusts and services.

11. A banker's bank and lender of last resort.

8. Complete the following sentences in English.

1. A large proportion of the debt is made up of …

2. Two world wars have helped to …

3. A third type of debt is …

4. The Bank of England is the ultimate source from which …

5. The Bank also holds accounts for ….

6. The managers of the fund have the task of …

7. Most of the major world currencies have …

9. For each of the following phrase find the expression in the text that explains it.

Restricted range of services, services having to do with trusts and estates, services having to do with buying and selling securities, a bank which gets its charter from the state, stocks and bonds, a place where stocks are bought and sold, the fund in which the gold and foreign currency reserves of Great Britain are held, bonds with a very short life span before the government buys them back again, economic policy which regulates the level of money or liquidity.

10. Fill in the blanks with proper words or phrases.

In every capital city there are numerous institutions which make loans. There are numerous … institutions. One can also borrow money from the … , though their major function is accepting deposits. People who need a loan for the purchase of land can apply for it to a … .If you need to borrow money for the purchase or repair of your house or just make saving deposits you can call at a … . Many individual companies run … which are formed by combining savings of the people working there. They make loans to their members at a low …. Anyone having problems with trusts or estates can seek advice at a …. They deal with … matters. People interested in the purchase of stocks or shares usually go to a ... which specializes in handling …