Task 2. Fill in the gaps.
Date: 2015-10-07; view: 476.
Зміст
Теми та зміст практичних занять
Business objectives and values
Module B
Розподіл навчального часу
| Зміст модулів за темами | Усього годин | Практичні заняття (кількість годин) | Самостійна робота (кількість годин) |
| Unit 1. Business objectives and values. Production and operations management | (32 +12) | ||
| Unit 2. Factory capacityPresent Perfect (I have done) | |||
| Unit 3. The Bank of England. Check-up.. | |||
| Individual reading | |||
| Усього годин | 32 | 12 |
| Unit 3. The Bank of England | 11).to learn the active vocabulary 2) to do tasks 1-3 | ||
| The difference between attitude to honesty in business in the USA and other countries. Check-up. | 1) to do tasks 1-5 2) to write an essay “Honesty in business 3) check-up |
The Bank of England
| 1. public ownership | государственная собственность |
| 2. responsibilities | сферы деятельности, сферы ответственности |
| 3. government | правительство, правительственный |
| 4. to handle | управлять |
| 5. income and expenditure | доходы и расходы |
| 6. Exchequer | казначейство |
| 7. to maintain accounts | иметь счета |
| 8. cash settlements | расплата наличными |
| 9. overseas banks | заграничные банки |
| 10. monetary institutions | финансовые учреждения |
| 11. to manage the national debt | управлять государственным долгом |
| 12. government securities | государственные ценные бумаги |
| 13. to mature | наступать (о сроке платежа) |
| 14. to undertake new issues | брать новый заем |
| 15. regular payments on interest | регулярные выплаты процентов |
| 16. holders | владельцы |
| 17. Treasury bills | векселя казначейства |
| 18. the lender of last resort | кредитор неприкосновенного запаса государства |
| 19. shortage of cash | нехватка денежных средств |
| 20. foreign exchange market | валютный рынок |
| 21. to intervene | вмешиваться |
| 22. to carry out monetary policy | проводить валютную политику |
| 23. legal powers | законные права |
| 24. to supervise | контролировать |
| 25. to supply with information | предоставлять информацию |
The Bank of England
Most countries have a central bank, which is responsible for the banking system. The central bank in the UK is the Bank of England, which was taken into public ownership in 1946. It has many responsibilities.
1. It is the government's bank. It handles the income and expenditure of Exchequer and other government departments.
2. The clearing banks maintain accounts at the Bank of England. The final cash settlements within the banking system and between the banking system and the Bank of England take place through these accounts. The Bank is a banker for about 100 overseas central banks and international monetary institutions.
3. It manages the national debt. This is a major responsibility which involves making repayments on government securities when they mature, undertaking new issues of long-term securities, making regular payments on interest to holders of existing government securities, and handling the weekly issues of Treasury bills.
4. It is the lender of last resort. The Bank of England stands ready to come to the assistance of the banking system in times when it is threatened by a shortage of cash.
5. It acts as the government's agent in the foreign exchange market, in which it can intervene to influence the value of sterling against other currencies.
6. It has the responsibility for carrying out the government's monetary policy.
7. It has legal powers to supervise the operations of other banks. All banks are expected to supply the Bank of England with information about their business and they have to respond to directives given to them by the Bank.
1. The ___________ bank in the UK is the Bank of England.
2. It _________ many responsibilities.
3. It handles the __________ and expenditure of Exchequer and other government departments.
4. The clearing banks maintain __________ at the Bank of England.
5. It manages the national _________.
6. It is the lender of _________ resort.
7. It acts as the government's agent in the foreign _________ market.
8. It has the responsibility for carrying out the government's ___________ policy.
9. It has legal powers to ____________ the operations of other banks.
10. Other banks have to respond to ___________ given to them by the Bank
| <== previous lecture | | | next lecture ==> |
| Task 3. | | | Task 1. Read the following text. Pay attention to the phrases in a bold type and write down their translations. Retell the passage using phrases in a bold type. |