Active Vocabulary

commercial bank - коммерческий банк

national bank - национальный банк

to charter - учреждать, создавать

to supervise - заведовать, контролировать

stale bank - государственный банк

merchandise - товары

currency - валюта, деньги

foreign exchange department- отдел обмена валюты

to exchange currency - обменивать валюту

Comprehension Questions

1. What do all commercial banks do?

2. What kinds of commercial banks in the USA do you know? What are they called?

3. Who supervises the operations of national bank?

4. What kind of currency does an importer generally use when he buys goods from another country?

5. What do you know about the "intern" "ional exchange"?

6. What is the currency of this country called?

7. What is the exchange rate between your currency and the currency of the USA and Germany? How can you

find it out if you don't know it?

Vocabulary Practice

Exercise 1. Choose the necessary word and put it in the sentence.

1. Federal government..... and..... all | 1 merchandise

national banks. | 2 currency

2. International cooperation between |

banks makes it possible..... imports and |

exports. | 3 commercial

3. It is possible to convert American |

dollars to Swiss francs in..... department. | 4 foreign exchange

4. The..... of Germany is the mark. | 5 to finance

5. All..... banks make loans to borrowers. | 6 to supervise

6. If the importer buys..... from another |

country he will pay for it in the currency |

of this country. | 7 to charter