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European monetary system (EMS)
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The purpose of the EMS, in operation since 1979, is to establish a greater measure of monetary stability in the European Community. A key element is the Exchange Rate Mechanism (ERM) under which members keep their currencies within agreed limits against one another. Britain was a party to the 1978 agreement that set up the EMS, and has always participated in its arrangements and institutions.
At the centre of the EMS is the European Currency Unit (ecu) used for a number of purposes within the system. The ecu is made up of a “basket” of agreed amounts of each of the EC member currencies and its composition is normally adjusted every five years.
In addition to its use between members of the EMS, there is a growing private sector market in ecus, particularly in ecu-denominated deposits and Eurobonds.
II. Выберите правильный вариант ответа на вопросы к тексту.
1. What is the purpose the EMS?
a) to establish stability in the European Union
b) to set up a measure of monetary stability
c) to establish stability in the European Community
2. What has Britain participated in?
| a)community b)agreements c)arrangements and institutions |
3. What unit does use between members of the EMS?
a) ecu
b) Eurobond
c) deposit
III. Закончите предложения по содержанию прочитанного текста.
4. In addition to its use between members of the EMS, there is a ________.
a) growing private sector market in ecus
b) growing state sector market in ecus
c) growing money sector market in ecus
5. Britain was a party ________.
a) to the 1976 agreement that set up the EMS
b) to the 1978 agreement that set up the EU
c) to the 1978 agreement that set up the EMS
6. At the centre of the European Monetary System is ________.
a) themembers of European Union
b) the ecu used for a number of purposes within the system
c) a “basket” of the EC member currencies
IV. Подберите эквивалент к данному русскому слову или словосочетанию.
7. средство обмена
| a) medium of exchange | b) exchange rate | c) means of payment |
8. заeм
a) borrow b) lend c) loan
9. отложенный платеж
a) transfer payment b) deferred payment c) balance of payment
10 обменный курс
| a) interest rate | b) exchange rate | c) tax rate |
11. валюта
| a) euro | b) cash | c) currency |
12. средство сбережения
| a)store of value | b) means of payment | c) means of production |
13. устойчивость денег
| a) payment stability | b) monetary stability | c) balance stability |
V. Выберите соответствующее определение данным словам и терминам.
| a) money b) interest c) loan d) cash e) debt f) currencies g) deposits h) money transmission system |
14. method of transferring funds from one person to another
15. money in notes and coins is called
16. money placed in banks and other savings institutions constitutes
17. is a store of value
18. borrowed money that has to be paid back constitutes a
19. the income received by someone who lends money is called
20. the dollar, the euro and the yen are all
21. money borrowed from a bank is a
VI. Прочитайте предложения и укажите соответствует ли данное утверждение действительности: если соответствует напишите после предложения T- true, если не соответствует то F- false, при этом письменно подтвердите ваш ответ примером из текста.
22. The EMS established a law for stability in the European Union.
23. The main point of the EMS is the ERM.
24. Britain has always participated in arrangements and institutions of the EMS.
VII. Выберите правильную видовременную форму глагола.
25. Britain …. already ……. in the agreement.
| a) had been participated | b) was participated | c) has participated |
26. The aim of the EMS ……… establish monetary stability in the EC.
a) have to b) must c) is to
27. Saving banks ………… a lot of new money and new customers.
| a) is attracting | b) are attracting | c) has been attracting |
28. Next year the necessary sum of money …………from the bank by the technical centre.
| a) are borrowed | b) is borrowed | c) will be borrowed |
29. Having been deposited with banks, money stops …… money.
| a) being | b) to be | c) be |
VIII. Заполните пропуски предлогами.
30. London and Tokyo are the main world capitals …… eurocurrency dealings.
| a) at | b) for | c) in |
31. Euroloans consist … large tranches of short-term money.
| a) on | b) in | c) of |
32. Britain has already participated ……. arrangements and institutions of the EMS.
a) by b) to c) in
IX. Заполните пропуски прилагательным или наречием в нужной форме.
33. Our bank product is ……….. on the financial market.
| a)the cheapest | b) cheaper | c) more cheaper |
34. The rate of interest for borrowing is always …….. for saving.
| a) higher than | b) highly | c) more higher |
35. ……. people’s income, …….. they usually spend.
| a) more, the greater | b) the greater, the more | c) the most, the greater |
X. Переведите текст письменно.
THE MONEY MARKETS
London’s money markets channel wholesale, short-term funds between lenders and borrowers, an operation conducted by all the major banks and financial institutions.
The Bank of England regulates the market, authorizing many of its participants and laying down an ethical conduct followed by all participants. There is no physical market
place; negotiations are conducted mostly by telephone or via automated dealing system.
The main financial instruments are CDs; bill of exchange; Treasury and local authority bills; and short-term government stocks. The bill markets and those in which the discount houses borrow from the rest of the banking system are often referred to as the “traditional” markets.
Контрольная работа № 4
по английскому языку для студентов экономических специальностей
заочного отделения
Вариант 2
Дата публикования: 2015-04-10; Прочитано: 316 | Нарушение авторского права страницы | Мы поможем в написании вашей работы!
