7. Insert prepositions where necessary:

1. _____ you travel _____ isolated areas, make sure you have a good guide. 2. Contrary ____ expectations studies show that most people continue _____ regard themselves positively _____ they grow older. 3. Bush recognized and established relations _____ the new republics _____ December 25, 1991. 4. He ceased ____ be a member _____ the association. 5. The weather favours the Australians, who are used ____ playing ____ the heat. 6. It is typical _____ local residents ______ oppose the building _____ a nuclear waste facility. 7. Local authorities _______ the country have therefore been unable, and unwilling, ____ part with their own meagre resources. 8. Only Congress can authorize the President _____ declare war. 9. She was a charter member _____ Busy Bee Homemakers.

Variant III

Ex. I Read and translate the text:

The end of war of 1812 found the United States with a gravely disordered currency. Bank notes were used as common means of payment, but these bank notes could not be converted into gold and silver. Commodity prices and real estate values became inflated. The Treasury was embarrassed in its attempt to collect revenues from import duties and from the sale of public lands. Much of this revenue was in depreciated state bank notes not worth their face value in gold and silver. Many people hoped a second Bank of the United States would remedy this problem.

The second bank began in 1816 with a capital of $35 million. The bank established branches throughout the country, and its power were in general like those of the First bank of the United States. Early in its career, the bank made some unwise loans to speculators. Anew president, Langdon Cheves, rescued the bank from financial disaster in 1819. Cheves stopped loans to speculators and improved the organization of the bank. The bank efficiently handled foreign payments that arose from increasing American trade in the international market.

President Andrew Jackson, who was suspicious of banks vetoed the bill to recharter the bank and later removed government deposits from the bank. The charter expired in 1836, and the bank ceased to exist as federally incorporated institution.

The bank continued to operate for about five years under a charter granted by the state of Pennsylvania. It failed in 1841. Many private banks sprang up, and the bank noted they issued could not always be redeemed. The national bank acts passed by the congress in 1863 and in 1864 authorized creation of privately-owned banks with charters from the federal government.

The Bank of America is one of the largest commercial banks of the world. It is controlled by Bank America Corporation, a holding company. It has more than 148.000 stockholders and about 7 million checking and savings accounts. The Bank of America has about 900 branches in California and about 100 branches outside the United States.

2. Translate the following words and expressions:

grave, gravely; to convert, convert something to/into something; commodity; real estate; to inflate; revenue; duty, duty on; to depreciate; value, face value; remedy; speculator; suspicious, suspicious of; to veto; to expire, expire in/on/at; to fail, fail in, fail to do something; to spring up; to redeem

3. Match the words in Column A with their definitions in Column B.

A	B
grave	money that a business or organization receives over a period of time, especially from selling goods or services
to convert	the amount of money that something is worth
commodity	to decrease in value or price
real estate	to increase in price or make something increase in price
to inflate	a tax you pay on something you buy
revenue	if this happens with an official document, it can no longer be legally used
duty	to not succeed in achieving something
to depreciate	to suddenly appear or start to exist
face value	looking or sounding quiet and serious, especially because something important or worrying has happened
value	to exchange a piece of paper representing an amount of money for that amount of money or for goods equal in cost to that amount of money
remedy	to deal with a problem or improve a bad situation
speculator	to change something into a different form of thing, or to change something so that it can be used for a different purpose or in a different way
to veto	a product that is bought and sold
to expire	the value or cost shown on the front of something such as a stamp or coin
to fail	property in the form of land or houses
to spring up	if someone in authority does this, they refuse to allow it to happen, especially something that other people or organizations have agreed
to redeem	someone who buys goods, property, shares in a company etc, hoping that they will make a large profit when they sell them