II. Отреагируйте на утверждение. Подчеркните соответствующую речевую форму.
1. People can cooperate together to put their savings into joint fund. (That’s right/ That’s wrong)
2. The members make repayments at rate of interest of 15%. (No doubt/ You are mistaken)
3. These loans compose the only credit source for major concerns. (Sure/ Of course not)
4. The unions must be non-profit making. (Just on the contrary/ Sure)
III. Найдите определения соответствующим терминам
| Definition | Term |
| 1. is a piece of plastic, bearing the name and computer number of the holder | a. loan |
| 2. the risk that a lender will not be able to give back the loan | b. credit card |
| 3. one whose occupation is the keeping of accounts | c. credit risk |
| 4. is an amount of money that you borrow from a bank etc. | d. accountant |
IV. Охарактеризуйте:
1. кредитные союзы в развивающихся странах
2. кредитные союзы в развитых странах
V. Выпишите как можно больше словосочетаний со словами:
union, loan, savings
VI. Ответьте на проблемный вопрос:
Why do people join credit unions?
3 вариант
The Federal Reserve System, or the FED as it is often called, was created by an act of Congress in 1913. The FED, the nation’s bank, is made up of a Board of Governors, 12 district banks, and two committees: the Open Market Committee and the Federal Advisory Council. The Board of Governors establishes policies for the system. It consists of seven persons appointed by the President for 14-year terms.
The Federal Reserve System is built around 12 geographic districts. District Federal Reserve banks supervise banking in each of these areas. The Open Market Committee is made up of the seven members of the Board of Governors and presidents of five of the district banks. Its primary responsibility is to regulate the nation’s money supply.
The Federal Advisory Council does just that: it offers advice on the nation’s financial problems. It is comprised of 12 prominent commercial bankers, one selected from each district.
The Fed controls the money supply and prevents the economy from crisis.
Banks cannot lend out all the money deposited with them because the depositors have the right to withdraw their funds at any time. These funds are known as the bank’s reserve.
I. Ответьте на вопросы
1. When was the Fed created?
2. What does the Board of Governors do?
3. What do the Federal Reserve banks do?
4. Why do you think the banks cannot lend out all the money?
II. Отреагируйте на утверждения:
| 1. The Board of Directors consists of 10 persons | That’s right/ That’s wrong) |
| 2. The Fed is built around 12 geographic districts | (No doubt/ You are mistaken) |
| 3. The Open Market Committee is made up of 5 members | (Sure/ Of course not) |
| 4. It offers money on the nation’s financial problems | (You’re mistaken/ You’re right) |
III. Найдите определения:
| 1. innovation | 1. coins or notes given and accepted when buying and selling |
| 2. sale | 2. is an organization that makes or sells goods or services |
| 3. money | 3. something new that is introduced |
| 4. company | 4. exchange of goods or property for money |
IV. Охарактеризуйте :
1) структуру Федеральной Резервной Системы
2) функции Федеральной Резервной Системы
V. Выпишите как можно больше словосочетаний со словами:
district, money, reserve
VIII. Ответьте на вопрос:
Why was the Fed created?
4 вариант
As the nation’s central bank, the Federal Reserve System has four separate and distinct roles that profoundly affect the economy:
1. provides banking services for financial institutions
2. serves as the federal government’s bank
3. supervises member banks
4. manages the nation’s supply of money and credit
The FED provides the kinds of services for banks that banks provide for the public:
1. Supply cash. Just as you would go to your bank to withdraw cash when you need it, banks draw currency from their accounts with their district Federal Reserve Bank.
2. Process checks. When individuals, business firms, student companies and others receive checks they usually deposit them in their banks. There, the checks are credited to the depositor’s accounts and passed along for collection from the institution upon which they were drawn.
3. Hold deposit accounts. Banks keep their reserves and other funds on deposit in a kind of checking account at their district bank.
4. Make loans
5. Transfer funds
I. Ответьте на вопросы
1. How many roles has the Fed?
2. Does the Fed serve as the government’s bank?
3. How many services does the Fed provide?
4. Where do the banks keep their reserves?
II. Отреагируйте на утверждения:
| 1. The Fed has four roles that influence the economy | That’s right/ That’s wrong) |
| 2. When individuals receive checks they keep them at home | (No doubt/ You are mistaken) |
| 3. The Fed transfer funds | (Sure/ Of course not) |
| 4. The Fed supervises all banks | (You’re mistaken/ You’re right) |
III. Найдите определения:
| 1. accountant | 1. payment of a share of profit to shareholders in a company |
| 2. dividend | 2. one whose occupation is the keeping of accounts |
| 3. to pay | 3. exchange of goods for money |
| 4. trade | 4. to give somebody money for goods and services |
IV. Охарактеризуйте
1) влияние Федеральной Резервной Системы на экономику в целом
2) перемещение чеков
V. Выпишите как можно больше словосочетаний со словами:
bank, checks, deposits
VIII. Ответьте на вопрос
Why the Fed is the banker’s bank?
5 вариант
The Federal Reserve System was created by an act of Congress in 1913. The FED controls various financial institutions.
All national banks are members of the Fed. The Federal Reserve banks function as the federal government’s banker. They maintain the Treasury Department’s “checking account” and issue and redeem government bonds and other securities.
The Fed along with a number of other agencies is charged with establishing rules of behavior for the banking system. in general, and its individual institutions in particular. The purpose of these rules is to ensure the safety and soundness of the agencies that handle the funds. It’s obvious that the money supply directly affects prices and economic conditions. One of the principle responsibilities of the Fed is to see to it that the amount of money and credit in circulation is exactly what the nation needs.
In addition the Fed supervises nationally chartered and state-chartered banks and state banking agencies.
Financial institutions, like most business, must borrow from time to time. When it happens they can go to the Fed for a loan.
The Fed’s computers enable local banks to transfer funds from one to the other almost immediately.
I. Ответьте на вопросы:
1. What is the function of the Federal Reserve banks?
2. What is the Fed charged with?
3. How does the money supply affect the prices?
4. Where do financial institutions borrow money?