2020-05-11
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1. What does the Federal Reserve System consist of?
2. How many members are there in the Board of Governors?
3. What is the Board of Governors responsible for?
4. How many members are there in the Federal Open Market Committee?
5. How many members are there in the Federal Advisory Council?
6. What are member banks responsible for?
Find the answers in the text:
- How many branches of the FRB are there in the USA?
- How are the activities of the FR banks coordinated?
- Are discount rates of England and the USA the same?
- Which banks are called incorporated state banks?
- Who are the owners of mutual savings banks?
- What loans do industrial banks make?
Переведите предложения
1. 12 региональных банков США выполняют функции центрального банка. 2. Федеральная резервная система учреждена в 1913. 3. Федеральная резервная система возглавляется Советом управляющих из 7 членов, назначаемых сроком на 14 лет президентом США. 4. Федеральные резервные банки находятся в главных городах 12 федеральных резервных округов.5. Совет управляющих – в Вашингтоне. 6. Капитал ФРС образован за счёт продажи акций частным коммерческим банкам, вступающим в её члены.
7. ФРС выпускает банкноты. 8.ФРС выдает ссуды коммерческим банкам. 9.ФРС покупает государственные ценные бумаги. 10. ФРС осуществляет межбанковские клиринговые расчёты; операции с иностранной валютой и хранение золотых резервов для иностранных правительств.
Заполните пропуски
1. ……. is the central banking system of the United States of America.
2. The country was divided into twelve …….
3. Each District has its own …..
4. ……of governors is in Washington
A) Federal Reserve Board
B) Federal Reserve System
C) Federal Reserve Districts
D) Federal Reserve Bank
What have you learnt about the Federal Reserve Banks?
Составьте рассказ по опорным словам: Federal Reserve System, twelve Federal Reserve Districts, twenty five branches, Board of governors, member banks, the commercial banks, monetary policy, national banks, mutual savings banks, industrial banks
Check yourself
Закончите предложения подходящими словами из рамки.
| Deposit, ATM(automated teller machine), reliable, withdrawal, transfer, mortgage, credit, central bank, commercial bank |
1. When you….money, you move them from one place (account) into another.
2. If something is….,you can trust it to work properly.
3. An….is a machine that gives customers money when the bank is closed.
4. When you make a ….,you put money into your account.
5. When you make a ….,you take money out of your account.
6. A country’s …is the government bank.
7. The …is the high street bank that everyone use.
8. Many people these days buy things on…instead of paying in cash.
9. A…is a special loan for people who want to buy a house.
Тема «Money and its functions»
Money is commodity accepted by general consent as a medium of economic exchange.
It is the medium in which prices and values are expressed; it circulars from person to person and country to country, thus facilitating trade. Throughout history various commodities have been used as money, including seashells, beads and cattle, but since 17 century the most common forms have been coins, paper notes and bookkeeping entries.
In standard economy theory, money has four functions: to serve as a medium of exchange in return for goods and services, to act as a measure of value, making possible the operation of the price system and the calculation of cost, profit and loss, to serve as a standard of deferred payments, the unit in which loans are made and future transactions are fixed and to provide means of storing wealth. Most governments now issue paper money in the form of notes.
Metals: gold and silver have been used for 4,000 years; coins have been minted for 2,600 years. In early 19th century, banks began to issue notes in gold and silver. For most people today money consist of coins, notes and bank deposits. Cheques, banker’s cards, and credit cards are being used increasingly too.
Medium- средство
Value- ценность
a measure of value-средство сбережения
a standard of deferred payment- средство погашения долга
Wealth-богатство
Facilitate –облегчать
Commodity- товар
Choose the correct word
1. The dollar is the cash / currency of the USA
2. Banks will only lend to people who can guarantee/ barter to pay out the loan.
3. Some shops won’t accept credit cards. They will only take cash/currency.
4. If money can easily be moved around and used we say it has liquidity/currency.
5. When people barter/guarantee goods they exchange one good for another.
Answer the questions:
1. What is the definition of money?
2. What forms of money have been used throughout history?
3. Name the functions of money.
4. What are the modern forms of money? Do you prefer to use paper money or banker’s cards?
Translate into English:
1.Деньги являются средством платежа, или обращения. 2. Деньги можно использовать при покупке и продаже товаров и услуг. 3.Деньги выступают также мерой стоимости. 4. Деньги служат средством сбережения. 5. Так как деньги - наиболее ликвидный товар, то они являются очень удобной формой хранения богатства.
Learn the definition and functions of money.
Grammar
1. Изучите выделенные в данных предложениях глагольные формы.
1. Gold and silver have been used for 4,000 years.
2. Coins have been minted for 2,600 years.
3. Cheques, banker’s cards, and credit cards are being used increasingly too.
4. Loans are made and future transactions are fixed.
Какими временными формами выражается Passive Voice в данных предложениях? Выпишите еще примеры употребления Passive Voice во временах Present Perfect, Present Continious.
2. Выберите правильную глагольную форму.
1. Different forms of money were used/have been used for 4 centuries. 2. This letter is being answered/is answered now. 3. New transactions were fixed/ are fixed every month. 4. Money is being paid / has been paid into account as often as you find convenient from deposit account. 5. The Bank of England was established/has been established since 1694.
3. Раскройте скобки,поставив глаголы в нужную форму.
1. This computer (not/to use) for a long time. 2. The money (to pay out) from the depositor’s account already.3. Many new houses (to build) now. 4. Coins and notes (to use) as money in economy now.5. A large sum of money (to transfer) from one account into another two days ago.
