I. Key terms. II. Answer the following questions in your own words:

Monetory circulation	- грошовий обіг
Supervisory body	- наглядова установа
Interbank settlements	- міжбанківські розрахунки
State Treasury of Ukraine	- Державне Казначейство України
External public debt	- зовнішній державний борг
Statutory fund	- статутний фонд
Equity ratio	- відношення акціонерного капіталу до загальної суми активів

II. Answer the following questions in your own words:

1 What do we call the Central Bank of Ukraine?

2 What are the functions of the NBU?

3 Does the NBU have the exclusive right to do what?

4 What financial institution determines the foreign exchange policy?

5 What are the functions of the NBU as of a foreign exchange authority?

6 Why do central banks impose requirements on commercial banks?

7 What are those requirements?

8 Explain the function of the NBU as the bank of the banks?

9 How do you understand its function as of the Bank of the State?

10 What do you know of its function as of the organizer of interbank settlements?

11 By what is the payment system supported?

III. Fill in the blanks in this passage, using words from the list given below:

lower inflation; interbank settlements; exchange market; regulatory framework; creating sound banking and currency system; the national currency; currency system.

From the first years of Ukraine’s independence, efforts of the National Bank have been aimed at _____, overcoming hyperinflation, strengthening _____, developing and liberalizing the foreign _____, introducing _____, creating the legislative and _____. The following can be considered as major attainments.

In terms of national currency stability by:

- to purposeful monetary policy geared to _____ and stabilize the national currency;

- build-up of official foreign exchange reserves.

In terms of the currency reform by:

- introduction of the Hryvnia;

- change of the scale of prices;

- creation of the country’s _____.

Дата добавления: 2015-07-20