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V. Join the halves.

VIII. Write a memorandum. | THE COURT OF DIRECTORS | THE EXECUTIVE | IX. Meanings. | X. Make comments on the following charts, paying attention to the information given below | A Stable Financial System | The Note Issue | The Value of Money | Interest Rates | The Exchange Rate |


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  1. VI. Join the halves.
  2. VI. Join the halves.

 

On the left there are six halves of the sentences. On the right there are the other halves of the sentences, though not in the same order. You are required to make complete sentences.

 

1. The principal role of the Market Services Division is a) market participants can settle deals in gilt-edged securities and money market instruments, and ECU securities.
2. For the financial markets it operates book entry systems through which b) debt management and reserves management objectives.
3. During 1996/97, the Division has been greatly involved c) for gold bullion for members of the London Bullion Market and the Bank's central bank customers.
4. It has also been affected by the reforms in the Bank's sterling money market operations, d) in progressing a number of financial infrastructure projects and in preparations for EMU.
5. It also provides a book entry transfer system e) implemented on 3 March 1997, which have widened the range of the instruments in which the Bank is prepared to deal to include gilt repo, and widened the range of counterparties to include key players in the repo market, including major banks and securities firms.
6. The Division provides "back office" facilities for the Bank's operations in support of monetary policy, f) to provide settlement and custody services to the Bank's internal and external customers, and to the markets in general.

 

 


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I. Key terms| VI. Meanings.

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