Revision exercises. II. Financial intermediation

II. Financial intermediation. 1 - lending; 2 - money; 3 - president; 4 - intermediaries; 5 -associations; 6 - funds; 7 - saved; 8 - local; 9 - deposits; 10 - channelled; 11 - economy; 12 - creation.

III. 1 - banks; 2 - borrowers; 3 - loans; 4 - private banks; 5 - financial intermediaries; 6 -functions.

IV Functions of a Central Bank. 1 - c; 2 - d; 3 - e; 4 - f; 5 - a; 6 - b.

V From the History of British Banking. 1 - b; 2 - d; 3 - a; 4 - b; 5 - c; 6 - a; 7 - d; 8 - c; 9
-d;10-a;ll-b.

VII. Opening Business Accounts. 1 - d; 2 - b; 3 - a; 4 - c; 5 - c; 6 - d; 7 - a; 8 - d; 9 - a; 10

B; 11 - d; 12 - b; 13 - b; 14 - c.

VIII. International Transfers. 1 - b; 2 - a; 3 - d; 4 - b; 5 - c; 6 - a; 7 - b; 8 - b; 9 - d; 10 - c.

KEYS

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IX. 1 - c; 2 - c; 3 - d; 4 - a; 5 - b; 6 - b; 7 - a; 8 - b; 9 - b; 10 - assets/ liabilities; losses/
profits; income/ loss; increase/ decrease; wholesale/ retail; net/ gross.

X. 1 - market/ ринок; 2 - book value/ балансова вартість; З - market value/ринкова
вартість; 4 - depreciation/ амортизація; 5 - devaluation/ девальвація; 6 - currency;
cash/ валюта, як гроші; 7 - assets/ активи; 8 - auditing/ аудит; 9 - liabilities/
зобов'язання; 10 - savings bank, thrift institution/ ощадна установа; 11 - customs
duties/ мито; 12 - face value, par value/ номінальна вартість.

XI. Quiz- 1 - the Nikkei Average; 2 - ten o'clock in the morning; 3 - price, product, place,
promotion; 4 - Canada, France, Germany, Italy, Japan, the UK, the USA; 5 - false (a
cowboy is someone who does a job badly); 6 - the yuan; 7 - penny; 8 - fifty; 9-а million;
10 - happy - a 'freebie' is something given free to promote a product or a service; 11 - on
the Stock Exchange a bull market is one where people are buying shares; in a bear market
people are selling shares; 12 - Nigeria.

XII. Check Yourself. 1 - головний бухгалтер, пільговий період, коносамент,
неплатоспроможність, основні засоби, дата погашення; 2 - collection, authorized
capital, returned profit, Management Board, receivables; 3 - a) II, b) II, c) III, d) I;

4 - а) ІУ b)IV; 5-а) payer, payee, b) loan, c) negotiable.

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