4. Укажите правильные и неправильные утверждения, используя True/False:

1. Banks lead money to depositors who need capital.

2. You can earn interest on a current account.

3. The main profits of a bank come from lending money at a fixed rate of interest.

4. Money is described “liquid” because it is compared to flowing water.

5. Legal tender must change hands when we do business and we must see it change hands.

5. Ответьте на вопросы:

1. How are all values in the economic system measured?

2. What kind of money is used for general business?

3. What is the wider sense of the word 'money'?

4. What originally served as a store of value?

5. What backs the US dollar?

6. How are national currencies judged nowadays?

7. Who can issue paper notes?

8. What name is given to arrangements like cheques?

9. When is credit offered?

10. When is a man's credit good?

11. What phrase do economists use for the value of money?

12. How do we reckon the demand for money?

13. What word is used to describe the flow of money round the economic system?

14. What is inflation?

15. What way do banks cooperate with governments?

16. What was the original function of a bank?

17. In what two ways do banks receive money from their customers ?

18. What does the customer agree to do when he opens a deposit account?

19. How does the bank make its main profit?

20. Between whom does the bank act as an intermediary?

21. Why do financiers often talk of the 'liquidity' of money?

22. What does the bank render useful !

23. Whose trust for each other maintains the banking system?

24. What does this trust permit?

6. Расположите данные абзацы по смыслу, в соответствии с текстами 10 и 11. Расставьте знаки пунктуации.

1. today a banks primary function is to act as an intermediary between depositors and borrowers it serves as a reservoir of loanable money

2. the term money in its widest sense covers anything which serves as a store of value and a means of exchange legal tender is the name for actual notes issued by governments or authorized banks while instruments of credit such as cheques act as a substitute for legal tender

3. the whole system however is based on simple acts of trust between all concerned without this trust modern banking would be impossible

4. a bank accordingly makes main profits by lending part of its store of deposited money at fixed rates of interest these rates usually exceed the rates offered to depositors

Test Yourself

1.Подчеркните слово, не соответствующее по значению слову в первой колонке:

compete allocate adequate store substitute fluctuation influence infringe reckon cooperate

rival assign dependable hoard replace location set break measure communicate

rise attract relevant exchange mix variation effect subject optimize collaborate

2. Вставьте слова в предложения:

legal tender, an increase, face-to face, labour, to be exchanged, market, profits, to be subject

1. Human ____ produces both goods and services.

2. Employers obtain their net _____ only after they have paid all expenses arising out of their business activities.

3. The term ____ is a logical extension from the idea of a place set aside for buying and selling.

4. Since modern markets are not normally located in any special place, buyers and sellers do not always have to meet _____.

5. There are no really perfect markets because each market _____ to its own peculiar conditions.

6. Our goods and services are sold for money, and that money _____ for other goods and services.

7. Cheques and money orders are not _____.

8. An increase in business requires ______ in the amount of money coming into general circulation.

3. Подберите определение соответствующим экономическим терминам:

value trust money 4.liquidity 5.inflation 6.interest

... - an arrangement whereby a bank provides safekeeping and management of funds for individuals, estates or institutions such as pension funds. ... - payment for using someone else's money. ... - period of rising prices during which the purchasing power of money is falling. ... - the real worth of a specific goods or services. ... - can be anything that is generally accepted in payment for goods and services. ... - the ease with which savings or other assets can be converted to cash.