- •Bank of England
- •Think and discuss.
- •1. Complete these sentences about Central Banks using the words in the box.
- •2. All the words below can be combined with bank or banking in a two-word partnership, e.G. Bank loan or off-shore banking. Add the word bank or banking either before or after each of the words below.
- •3.Complete the sentences with the appropriate form of the words
- •4. Choose the correct alternative to complete each sentence.
- •1. According to the Text a and b, are these statements true (t) or false (f)?
- •3. Fill in the correct preposition.
- •4. Complete these sentences about Central Banks using the words in the box.
- •5. Speaking.
- •6.Translate into English.
- •United States dollar
United States dollar
The United States dollar (sign: $; code: USD; also abbreviated US$), also referred (1)… as the U.S. dollar or American dollar, is the official currency (2)…the United States of America and its overseas territories. It is divided (3)… 100 smaller units called cents. The U.S. dollar is the currency most used (4)… international transactions and is one (5)… the world's dominant reserve currencies. Several countries use it (6)… their official currency. It is also used (7)… the sole currency (8)… two British Overseas Territories, the British Virgin Islands and the Turks and Caicos islands.
4. Complete these sentences about Central Banks using the words in the box.
strengthen facilitate address protect serve manage supervise maintain provide |
Current functions of the Federal Reserve System include:
to (1)… the problem of banking panics;
to (2)… as the central bank for the United States;
to (3)… and regulate banking institutions;
to (4)… the credit rights of consumers;
to (5)… the nation's money supply;
to (6)… the stability of the financial system;
to (7)… provide financial services to depository institutions, the U.S.; government, and foreign official institutions;
to (8)… the exchange of payments among regions;
to (9)…U.S. standing in the world economy.
5. Speaking.
Imagine the situation that you have received nearly US$1 million by mistake from their bank. What would you do?
6.Translate into English.
1. Федеральна резервна система допомагає забезпечити безпеку та ефективність системи платежів.
2. Рада керуючих у Федеральній резервній системі має ряд наглядових та регулюючих функцій в банківській системі США.
3. Деякі нормативні акти Ради поширюється на весь банківський сектор, тоді як інші стосуються тільки банків членів.
4. Федеральна резервна система встановлює грошово-кредитну політику, впливаючи на ставки Федеральних фондів.