Agree or disagree

1) The National Bank shall carry out the following functions: to issue the national currency of Ukraine on a monopoly basis and to organize its circulation;

2) Commercial banks should establish the rules of conducting banking transactions, accounting and reporting, protection of the information, funds and property for the banks;

3) Any bank shall exercise the banking regulation and supervision;

4) Any central bank shall exercise the inspection certification of auditors for conducting audit of banks, temporary administrators and liquidators of a bank;

5) The NBU shall not take part in the training of personnel for Ukraine's banking system;

6) The National Bank shall sometimes act as the last-instance creditor for banks and organize the refinancing system;

7) The National Bank shall compile, analyze and forecast the balance of payments;

8) The National Bank shall represent Ukraine's interests in central banks of other states, international banks and other crediting institutions, where the cooperation takes place at the level of central banks;

9) The National Bank shall not always keep a Register of banks, license banking business and transactions, if provided for by the laws;

10) The National Bank shall represent Ukraine's interests in central banks of other states, international banks and other crediting institutions, where the cooperation takes place at the level of central banks;

6. Fill in the blanks in this passage, using words from the box given below:

foreign exchange operations, other crediting institutions, joint-stock companies, the balance of payments, shall foster, the accumulation and custody,

normative regulations, banking supervision, grant licenses

1) Commercial banks are formed as ¹ ____or as companies on an equal footing with both legal and natural persons involved.

2) The range of commercial banks activities includes: receiving deposits of enterprises, institutions and households, crediting of economic entities and households, investments in securities, formation of cash balance and reserves, as well as other assets, cash and settlement servicing of the economy, ² _____and other services to natural persons and legal bodies.

3) The banks act in accordance with the Constitution of Ukraine, the Law of Ukraine "On the National Bank of Ukraine", "On Banks and Banking", the Ukrainian legislation on joint-stock companies and other economic entities, as well as with the ³ _____of the National Bank of Ukraine and their Statutes.

4) To carry out its major function, the National Bank ⁴ ______the stability of the banking system and within its competence, the price stability.

5) The National Bank shall represent Ukraine's interests in central banks of other states, international banks and ⁵ ____, where the cooperation takes place at the level of central banks.

6) The National Bank shall compile, analyze and forecast ⁶ ______.

7) The purpose of ⁷ ______ is stability of the banking system and protection of interests of depositors and creditors as to the safekeeping of client’s funds on banking accounts.

8) The National Bank of Ukraine ensures ⁸ ____of the gold and currency reserves and the conduction of transactions with them and the banking metals.

9) The National Bank shall ⁹ _______ for collection and transportation of bank notes, coins and other values.

Дата добавления: 2015-10-30