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

Кредитні спілки | Nonbanking Financial Institutions | XIV. The following are some of the more obvious and important differences in terminology between British and American English in the area of finance. | THE BANKING SYSTEM OF UKRAINE | Selected data on banks of Ukraine | Організація внутрішнього аудиту в комерційних банках України та взаємозв'язок з зовнішніми аудиторами | Monetary policy: The NBU further reduces the discount and reserve requirement rates | Bank activity bases concerning automation of electronic payments | OPENING A BANK ACCOUNT | Rise and development of the banking system of Ukraine |


Читайте также:
  1. A) Learn the information below to get a handle on some economic terms used in the text.
  2. B) Translate the sentences into English paying attention to economic terms.
  3. Be ready to define any economic terms on Key Concepts.
  4. Ex. 1. Match the terms with their definitions
  5. Ex. 36. Use the medical terms instead of the definitions.
  6. Give the definition of translation as an object of linguistic study in terms of process and outcome.
  7. Glossary of biochemical terms
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 _____.

 


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