E) hyperinflation

National Bank of Ukraine, 1 … of Ukraine, is located at № 9 Institutska St., in Kiev.

Prior to the collapse of the USSR, the National Bank of Ukraine was 2 … of the Central Bank of the USSR. Officially, the National Bank of Ukraine acted as the Central Bank of Ukraine since early 1992. Like institutions of many newly 3 …, it faced dire financial straits during the 1990s, leading to a prolonged period of 4 ….

5 … of the National Bank of Ukraine and the principles of its organization and activities are determined by the Constitution of Ukraine and the Law of Ukraine "On the National Bank of Ukraine".

Exercise 5.5 Decide whether the statements are true or false (T/F)

1. Officially, the National Bank of Ukraine acted as the Central Bank of Ukraine since early 1992.

2. The Law of Ukraine “On the National Bank of Ukraine” determines the legal status of the General Assembly of the UNO.

3. The main function of the country's central bank is to ensure stability of monetary unit.

4. The National Bank decreases the stability of the banking system.

5. The National Bank of Ukraine determines domestic and foreign policy of a state.

Exercise 5.6 Match the following terms with their definitions: