Credit Policy
Date: 2015-10-07; view: 654.
E) Describe the principal instruments of credit policy.
B) Write down 3-5 questions about the text.
A) Supply the articles where necessary.
Ex. 8.
F) Write out from the main text international words like: central, modern, etc. Transcribe them and read aloud.
D) Make your own sentences with any five word combinations from (b) and (c).
Ex. 7. Work on vocabulary and grammar.
a) Study the key words for the unit in the dictionary at the back of the book:
requirements, deposit, check, reserves, capital assets, liabilities;
b) Think off the verbs that are most commonly used with:
money supply, exchange rate, banknotes, safety, requirements, powers, bank reforms, inflation, operations, restrictions;
c) Think off the nouns that аrе often used with:
to implement, to supervise, to issue, to influence, to ensure, to stabilize, to set up, to lend, to regulate, to strengthen, to exempt;
e) Match the verbs from (a) with the nouns from (b) below:
a) b)
to deposit ratios
to impose targets
to fix function
to appoint chairman
to perform money
to control circulation
to clear checks
to maintain accounts
Credit policy is ... component of economic policy. It is a combination of measures taken by ... Central Bank to affect the supply of credit. The aims of ... credit policy may include stimulation or restriction of investment or consumer spending, ... avoidance of price inflation.
Credit policy and monetary policy tend to be closely related and in some countries credit policy is regarded as ... part of monetary policy.
Credit policy largely works indirectly. The Central Bank controls ... amount of credit advanced by commercial banks through the interest rate policy, by influencing ... liquidity, expanding or contracting the volume of Central Bank money. The principal instruments available for this purpose are ... discount policy, minimum reserve requirements and open market operations. Direct credit control involving ... establishment of credit ceilings is less frequently used now than in ... past, many governments regarding it as ... undesirable interference with the market mechanism.
Words you may need:
price inflation ценовая инфляция
the amount of credit advanced ... размеры кредита, предоставленного ...
discount policy учетная политика
credit ceiling потолок кредитования
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| Ex. 6. Read the dialogue, translate the Russian remarks into English and act it out. | | | A) Supply the prepositions where necessary. |