And conduct transfers of money and bullion with central banks in other countries

Vocabulary Notes to Text 12.7.1.5

Bullion — золотой слиток

Central Banks: Their Powers and Functions

Match the following terms with the correct definition

Work with a partner.

Liabilities3. loan4. loanable funds5. loan capital

B) It is the borrowing of a sum o)seop.1ditfa moneyehsT iltsacebhnouw saedgho iltrsaebdnom t)rsaebnoum,.iltfrsacednopuyTm

Lt-fao iltfrsacedhnpuv raebho il(rsacedknov rsbu isebdy

Ac lredhnov.ahr by one person, company,

Government or other organization from another. Loans

May be secured or unsecured (securities), interest-bearing or

Interest-free, long-term or short-term, redeemable or irredeemable.

C) By it we mean fixed-interest borrowed funds. Alternative term

For debentures.

D) It is the money available for lending in financial markets. It

Consists of current saving, dishoarding and any increase in

The money supply, for example, credit creation by the banks.

E) It is the money placed in an account at a bank and constituting

a claim on the bank. The term “bank deposit” includes

Deposits on all types of account, including current accounts.

Read the text, complete it using the words from the box, and translate it into Russian

Trade bills, commercial banks, written instructions, payee, accounting procedures,