Banks and the banking system.  Theoretical judgments about banks and banking activities in the macroeconomic environment Judgments about the banking system

Banks and the banking system. Theoretical judgments about banks and banking activities in the macroeconomic environment Judgments about the banking system

The answers to tasks 1–20 are a number, or a sequence of numbers, or a word (phrase). Write your answers in the fields to the right of the task number without spaces, commas or other additional characters.

1

Write down the missing word in the table.

Rights and freedoms of man and citizen

2

In the row below, find the concept that is generalizing for all the other concepts presented. Write down this word (phrase).

1) general elections; 2) parliamentary democracy; 3) the government responsible to the Parliament; 4) deputies from the opposition; 5) equality before the law.

3

Below is a list of rights and obligations. All of them, with the exception of two, refer only to the rights of the worker.

1) take care of the property of the employer, 2) receive wages timely and in full, 3) work in conditions that meet safety and hygiene requirements, 4) conscientiously perform their labor functions, 5) have full reliable information about working conditions, 6) conclude an employment contract.

Find two terms that "fall out" of the general series, and write down the numbers under which they are indicated.

4

Select correct judgments about self-esteem of the individual and write down the numbers under which they are indicated.

1. Self-esteem is the starting point of self-knowledge.

2. A person forms self-esteem by comparing himself with others.

3. Inflated self-esteem of a person is always the result of her real achievements.

4. People with low self-esteem make comparisons with others only when they are confident of success.

5. Low self-esteem contributes to the development of leadership qualities.

5

Establish a correspondence between the feature (indicated by letters) and the type of activity to which it relates (indicated by numbers).

6

Country Z is undergoing education reform. What facts indicate that the reform is aimed at the humanization of education? Write down the numbers under which they are indicated.

1. increase in the number of subjects

2. Reducing the time of studying natural sciences

3. orientation to the interests and inclinations of the student

4. application of health-saving technologies

5. paying special attention to moral education

6. computerization of the educational process

7

Choose the correct judgments about the banking system and write down the numbers under which they are indicated.

1. The structural element of the banking system are Insurance companies.

2. Acceptance of deposits from the population refers to the active operations of a commercial bank.

3. central bank- the custodian of the country's gold and foreign exchange reserves.

4. Large enterprises open their deposit accounts in central bank.

5. K passive operations commercial bank includes obtaining loans from other banks.

8

Establish a correspondence between the functions and levels of the banking system

9

State T's government succeeded in reducing the deficit state budget by reducing the cost of maintaining the state apparatus. What other expenditure items can be contained in the state budget? Select the items you need from the list and write down the numbers under which they are indicated.

1. sale of government bonds

2. excise duties

3. public debt service

4. payment of pensions

5. contributions to social insurance

10

11

Choose the correct judgments about social mobility and write down the numbers under which they are indicated.

1. Intergenerational mobility - a comparative change in the social status of different generations.

2. Organized mobility refers to the movement of a person or entire groups up, down or horizontally, which are controlled by the state: with the consent of the people themselves, or without their consent.

3. The horizontal type of mobility includes obtaining an extraordinary military rank.

4. The vertical type of mobility includes the transition of a person to a lower social layer.

5. Social mobility is the division of society into groups occupying different positions in society.

12

The figure shows the situation in the market of meat products (R - price, Z - quantity). Analyze the change in demand (demand line A has moved to position A1). What could explain such a change?

1. tax incentives for producers of meat products

2. the growth of the welfare of the bulk of consumers

3. growth in the number of meat products manufacturers

4. dissemination of information about epidemic animal disease

5. a religious fast has come, which he adheres to a large number of consumers

13

Select the correct judgments about the principles of criminal law.

1. There is a presumption of guilt in criminal law.

2. The principle of non-application of punishment heavier than that envisaged for the commission of a crime is in force.

3. Criminal liability must be imposed in the prescribed manner, amount and competent for this government bodies.

4. The principle of protecting entrepreneurs and consumers as the main subjects of criminal law is in effect.

5. No one can bear criminal responsibility twice for the same crime.

6. Equality of the subjects of criminal proceedings is considered basic.

14

Establish a correspondence between the issues and the subjects of state power of the Russian Federation, to which they relate: for each position given in the first column, select the appropriate position from the second column.

15

In Art. 3 of the Constitution of the Italian Republic states that the task of the state is to remove obstacles that actually limit the freedom and equality of citizens, hinder the full development of the human personality. What conclusions can be drawn from this constitutional provision? Write down the numbers under which these conclusions are indicated.

1. The Republic proclaimed the values ​​of a democratic social state.

2. The Republic is stable social relations.

3. The Republic is a welfare state with high living standards.

4. The Republic is a modern state with developed legislation.

5. The Republic proclaimed the sovereignty of the people.

6. The Republic recognizes a person, his rights and freedoms as the highest value.

16

According to the Constitution of the Russian Federation, the branches of the highest state power include power

1. judicial

2. municipal

3. executive

4. party

5. legislative

6. folk

17

What features are characteristic of such an organizational and legal form of an enterprise as joint-stock company? Write down the numbers under which they are indicated.

1. Only citizens can be founders

2. opportunity to receive dividends

3. the need for personal labor participation in the activities of the enterprise

4. repayment of debts with own property

5. focus on profit

6. risk of loss within the value valuable papers.

18

Establish a correspondence between the legal status of a person in the Russian Federation and the given constitutional rights: for each position given in the first column, select the corresponding position from the second column.

19

Choose the correct judgments about international law and write down the numbers under which they are indicated.

1. A person not only has the rights enshrined in interstate agreements, but is also responsible for violating the principles and norms international law.

2. The subject of an international offense and crime is the state.

3. There is no statute of limitations for war crimes and crimes against humanity.

4. International crimes include acts aimed at unleashing or waging a war of aggression.

5. An international civil court has been established to prosecute those responsible for criminal human rights violations.

Read the text below with a number of words missing. Choose from the proposed list of words that you want to insert in place of the gaps.

20

“Money was invented by ______(A) primarily to facilitate exchange. Initially, various _____ (B) played the role of money, and only then did modern forms of money appear. A sign of money is the ability to perform the following functions: means of _____ (B) the market value of goods and a store of value. The emergence of modern forms of money was caused by the inconvenience of ____ (D), which requires an extreme multiplicity of relative prices. Money made it possible to simplify the functioning of _____ (D) and facilitated the entire economic life of society. Money, in addition, allows you to express the value of all goods in a single _____ (E) and take them into account for the needs of control and management.

Words (phrases) in the list are given in the nominative case. Each word (phrase) can only be used once.

Choose sequentially one word (phrase) after another, mentally filling in each gap. Please note that there are more words (phrases) in the list than you need to fill in the gaps.

List of terms:

1. humanity

2. measurement

3. costs

5. trade

6. system

7. profit

8. items

9. inflation

Part 2.

First write down the task number (28, 29, etc.), and then a detailed answer to it. Write your answers clearly and legibly.

Read the text and complete tasks 21-24.

Culture forms the personalities of the members of society, thereby it largely regulates their behavior. Clifford Girtz calls culture "a system of regulatory mechanisms, including plans, recipes, rules, instructions ... that serve to guide behavior." He believes that without culture, people would be completely disoriented: “Human behavior not conditioned by cultural models (systems of meaningful symbols) would become practically uncontrollable, it would be reduced to spontaneous senseless actions and unrestrained emotions, a person could practically not form an experience.”

How important culture is for the functioning of the individual and society can be judged by the behavior of people who are not covered by socialization. The uncontrolled, or infantile, behavior of the so-called children of the jungle, who were completely deprived of human contact, indicates that without socialization, people are not able to adopt an orderly way of life, master the language and learn how to earn a livelihood ...

If culture regulates people's behavior, can we go so far as to call it repressive? This is exactly what Sigmund Freud believed. He explored the conflict between culture (or "civilization") and the instinctive beginning of human nature. Often the culture does suppress a person's urges, mainly sexual and aggressive ones. But she doesn't rule them out completely. Rather, it determines the conditions under which they are satisfied...

But, given the importance of the influence of culture on human behavior, we should not at the same time exaggerate its possibilities. The ability of culture to control human behavior is limited for many reasons. First of all, the biological possibilities of the human body are not unlimited. Mere mortals cannot be taught to jump over tall buildings, even if society values ​​such feats highly. In the same way, there is a limit to the knowledge that the human brain can absorb...

Environmental factors also limit the impact of the culture. For example, drought or volcanic eruptions can disrupt the established way of farming. Environmental factors may prevent the formation of some cultural patterns. According to the customs of people living in tropical jungles with a humid climate, it is not customary to cultivate certain plots of land for a long time, since high crop yields cannot be obtained on them for a long time.

(N. Smelser)

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Tasks from the second part require a detailed answer.

The first four tasks 21-24 refer to the same text.

All tasks are multi-part, pay attention to how many answers are required from you.

There are two questions in this assignment, so you should have:

Both questions require an answer based on the text, which means you need to write out quotes from the text, but if a large segment of the text is rewritten with the hope of guessing the correct answer, the task will not be evaluated positively.

1. the correctness of the content

For this task, you can get 2 primary points. One mistake or one unfulfilled answer will lead to the assessment of the task in 1 point. Two errors or more, two failed tasks and more - 0 points.

Name three reasons that, according to the author, limit "the ability of culture to control human behavior." Involving social science knowledge, facts of social life, name one more reason not indicated in the text.

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The task requires a detailed answer.

It is required to indicate three reasons in the text and one reason not in the text, therefore the answer will consist of four parts. We write out the reasons in the text in the form of quotations. There can be more than three reasons in the text, you can write out more, but only three will be taken into account. Sometimes this is done as a safety net, if they doubt the correctness of the reasons found in the text. Be sure to have one reason not in the text.

All responses are evaluated according to two criteria:

1. the correctness of the content

2. number of correct answers.

If you answered correctly, but only on one question, then the answer will not be fully evaluated.

For this task, you can get 3 primary points. One mistake or one unfulfilled answer will result in a score of 2 points for the task. Two or more mistakes, two or more failed tasks - 1 point, etc.

Illustrate with three examples the idea of ​​I.A. Ilyin that a person must always reckon with reality, with objective circumstances and laws given to him, otherwise he is doomed to failure.

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Examples may be given:

1) a highly qualified university graduate with no work experience has been looking for a high-paying job for six months, but employers either gave preference to candidates with work experience or offered significantly less pay than he requested;

2) the motorist violated the rules of the road, his actions were recorded by a video camera, and the motorist had to pay a fine;

3) the girl ignored the warning of her parents that it was cold outside and that it was necessary to dress warmly, as a result she caught a cold and fell ill.

Other examples can be given

What feature of social cognition was named by the author? Using social science knowledge, give two justifications for the opinion about the possibility of achieving truth in social cognition.

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1) peculiarity: a person is both a subject and an object of social cognition;

(The feature can be given in a different formulation, close in meaning.)

2) rationale:

In social cognition, there are special methods for collecting information, substantiating theoretical positions;

The truth of the results of social cognition can be confirmed by social practice. One sentence with information about the types (types) of the state structure, based on the knowledge of the course, for example: There are unitary and federal states .;

(Another proposal may be drawn up containing information on the types (kinds) of government.)

3) one sentence, which, based on the knowledge of the course, reveals the essence of any type (kind) of state structure, for example: Federation is a form of state structure in which the territorial units that are part of the state have political, economic and cultural independence and have their own administrative-territorial division.

(Another proposal can be drawn up, revealing, based on knowledge of the course, the essence of any type (kind) of government.)

Give three possible criteria for classifying political parties and indicate the types of parties identified in each of these classifications.

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The correct answer must contain the following elements:

answer to the question: grounds for termination employment contract became the employee's own initiative; other grounds such as:

Agreement of the parties;

Termination of the employment contract at the initiative of the employer;

Transfer of an employee at his request or with his consent to work for another employer or transfer to elective work (position);

Circumstances beyond the control of the parties (natural disasters, etc.).

Other justifications may be given.

You have been instructed to prepare a detailed response on the topic “Civil society and its role in modern life". Make a plan according to which you will cover this topic. The plan must contain at least three points, of which two or more are detailed in sub-points.

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One of the options for the disclosure plan for this topic:

1. Proclamation of the rights and freedoms of the individual as the highest social value is a prerequisite and condition for the development of civil society.

2. Civil society associations:

a) social movements;

b) cultural, sports organizations;

c) local self-government bodies;

d) church, etc.

3. The main features of civil society:

a) legal protection of citizens;

b) diversity of interests and their implementation through various institutions;

c) free expression of public opinion;

d) pluralism;

e) a certain level of civic culture, etc.

4. Functions of civil society:

a) protection of private spheres of people's lives;

b) control over the observance of the constitutional principles of the rule of law;

c) stabilization of social relations.

A different number and (or) other correct wording of points and sub-points of the plan are possible. They can be presented in nominal, interrogative or mixed forms.

By completing task 29, you can show your knowledge and skills on the content that is more attractive to you. For this purpose, choose only ONE of the statements below (29.1-29.5).

Choose one of the statements below, reveal its meaning in the form of a mini-essay, indicating, if necessary, different aspects of the problem posed by the author (the topic touched upon).

When presenting your thoughts on the problem raised (designated topic), when arguing your point of view, use the knowledge gained in the study of the social science course, the relevant concepts, as well as the facts of social life and your own life experience. (Give at least two examples from various sources as evidence.)

29.1. Philosophy"Science is a graveyard of hypotheses." (A. Poincare)

29.2. Economy"The main social responsibility of business is not to contribute to the growth of poverty and unemployment." (B.S. Erasov)

29.3. Sociology, social psychology“Each person is different from the other and every day different from himself.” (A. Pop)

29.4. Political science"The best state structure for any people, this is the one that has preserved it as a whole. (M. Montaigne)

29.5. Jurisprudence"The purpose of punishment is not revenge, but correction." (A.N. Radishchev)

It is well known that significant attention in the discussion of issues of banks and banking, the main attention is paid to the study of individual financial institutions, which in the course of their activities not only faced the problem of insufficient solvency, liquidity and stability, incorrectly assessed the risks in banking activities and were subsequently declared bankrupt. It often turns out that these organizations were poorly managed, sometimes facts were revealed financial fraud. An analysis of such situations in retrospect made it possible to identify shortcomings in the system of control and adjustment

The purpose of this discussion is not to explore all types of banking activities or to identify the reasons for the insolvency or bankruptcy of a particular commercial bank, primarily because there are no two absolutely identical, both internal and external situations and factors affecting the state of the bank that could be used to compare the bank experiencing problems with the analyzed operating bank. And even if such an analysis is carried out, its results will be quite uncertain, since it will only be a forecast. In addition, when talking about banks and banking activities, it should be borne in mind that all commercial banks operate in constantly changing economic conditions, which are not only impossible to predict with a sufficient degree of probability, but also the same factors can affect a particular bank in different ways. Internal factors, the most important of which are the bank management system, its potential, ability to properly use the existing ones and foresee the consequences decisions taken and transactions are also different for each particular bank.

Despite the above features of functioning, it is still possible, speaking of banks and banking activities, to establish the signs of banks, declared bankrupt and later liquidated, which will be based primarily on a quantitative coefficient analysis financial reporting institutions in question. The goal is to substantiate the existence of a stable causal relationship between changes in macroeconomic environment, the state of banks and assessing the impact of the fact of closing commercial banks on the state of such an environment. At the same time, to assess this impact, we will determine the indicator of the annual default probability of commercial banks by the method of moments, as a result of which a discrete series will be obtained annual indicators. Comparing them with will allow you to establish and confirm the existence of such a dependency. At the same time, it should be taken into account that this indicator is of an exclusively abstract nature and is used only for further comparison of changes in the state of the commercial banking system with the selected macroeconomic indicators. Speaking specifically about banks and banking activities, it can be argued that this indicator illustrates how, in a given calendar year, the probability of default of existing commercial banks changes, all other things being equal (both internal and external), solely depending on the number of liquidated banks.

It should be noted that the method of moments is widely used in modeling and studying correlations available defaults from assets in international practice when assessing the probability of default of a portfolio of assets and is called the asset-value approach.

In addition to the method of moments, the maximum likelihood approach can also be used to achieve similar results.

USE assignments on the topic "Banks"

3. Below are a number of terms. All of them, with the exception of two, refer to the concept of "methods of monetary reform"

1) deflation; 2) denomination; 3) diversification; 4) differentiation; 5) devaluation; 6) revaluation. Find two terms that fall out of the row and write down the numbers under which they are indicated.

9 . Bank C. Credits the development of innovations, implementation of n-t. achievements. Choose from the proposed listcharacteristics of this bank and write down the numbers under which they are indicated.

1) savings bank 2) Central bank 3) innovative bank

4) specialized bank 5) financial institution

6) insurance company

8. Establish a correspondence between securities and the types to which they belong: for eachposition given in the first column, select the corresponding position from the second column.

Securities Types of securities

A) privatization voucher 1) loan certificate

B) bill of exchange 2) certificate of ownership

B) a bond

D) share

D) savings certificate

9. Bank L represents financing and long-term lending by investing in industry, construction and other industries, as well as in securities. Select the characteristics of this bank from the list below and write down the numbers under which they are indicated.

1) mortgage bank 2) financial institution 3) investment bank 4) savings bank 5) specialized bank 6) insurance company

1. Write down the word missing in the table fragment.

Specialized banks

8. Establish a correspondence between the functions and levels of the banking system to which they relate: for each position given in the first column, match the corresponding position from the second column.

Functions Levels of the banking system

A) lending to enterprises 1) Central Bank

B) money issue 2) commercial banks

B) customer service

D) mobilization of free Money population

D) storage of the country's gold and foreign exchange reserves

2 . In the row below, find the concept that is generalizing for all the other concepts presented.. Write down this word (phrase).

Savings bank; mortgage bank; specialized bank; investment bank, innovation bank.

7 . Choose the correct judgments about securities and write down the numbers under which they are indicated.

1) The share is a certificate of a cash deposit in a bank on the return of this deposit and interest on it after a specified period.

2) A security certifying ownership of a share in the capital of an enterprise and giving the right to receive part of its profits is called a share.

3) Securities are registered and bearer.

4) The bond gives its owner the right to participate in the management of the company and receive dividends.

5) The bill gives the owner the right to demand its repayment on time.

25. What is the meaning of social scientists in the concept banking system? Attracting knowledge of the social science course,write two sentences: one sentence containing information about the functions of the banking system, and one sentence revealing the structure of the banking system of advanced economies.

20. Read the text below,where a number of words are missing. Choose from the suggested list of words to fill in the gaps.

“Stock _________ (A) is a place where the purchase and sale of securities takes place. Her activities in developed countries is under strict control by _________ (B). From the average __________ (C) of transactions concluded on it, _____________ (D) securities (shares and __________ (D)) issued by individual __________ (E) are added.

List of terms:

  1. Course 2) contract 3) price 4) state 5) company 6) infrastructure

7) exchange 8) information 9) bond

20. Read the text below with a number of words missing. Choose from the proposed list of words that you want to insert in place of the gaps.

“Monetary policy is the measures taken by the government through the Central Bank in the field of monetary circulation and ____________ (A) aimed at ensuring the sustainable, efficient functioning of the economy. Target monetary policy– helping the economy to achieve a level of ______________ (B) that will provide full ____________ (C) and absence (D). Operations on open market conducts the Central Bank, which sells government securities, paying a high _________ (D) on them, attracts investors' funds to cover the budget __________ (E)".

List of terms: 1) interest 2) deficit 3) employment 4) deposit 5) production 6) credit 7) mortgage 8) inflation 9) modernization

7. Select the correct judgments about financial institutions and write down the numbers under which they are indicated.

1) The Central Bank issues money and is the main link in the financial and credit system of the country.

2) All financial institutions accept deposits.

3) pension funds specialize in sales credit consumer goods in installments and issuance of consumer loans.

4) The central bank sets the discount rate.

5) Financial institutions provide funds transfer and lending services.

Answers:

3)-3,4

9)-3,4,5

25) B.S. the totality of banks, credit institutions and individual banks operating in the country economic organizations performing banking operations. 1) B.S. regulates inflation, payment balance, provides the economic growth. 2) In countries with developed economies, a two-tier system has developed: the Central Bank and commercial banks and credit financial institutions.

8)21121

9) 235

1) mortgage

8) 21221

2) specialized bank

7) 235

20) 743195

20) 653812

The concept of a bank comes from the Italian language, and in translation means a bench, a table. Banchieri - the so-called money changers and usurers in medieval Italy.

Bank- this is financial institution, which performs various types of operations with money and securities. Banks are financial institutions that provide Financial services government, individuals and legal entities. Bank Properties:

  • making a profit;
  • implementation banking operations;
  • opening and maintaining bank accounts physical and legal entities;
  • activity on the basis of a state license;
  • lack of rights to carry out trade, production or insurance activities.

Bank types not numerous: central banks and commercial ones. Central banks- regulate the banking system at the state level, including the issuance national currency. Commercial banks lead entrepreneurial activity in the banking system.

Commercial banks are of three types:

  • investment banks (investments, securities);
  • savings banks (deposits, deposits);
  • universal (all types of banking).

Functions of banks.

  1. Keeping the client's money: the first historically, and still one of the main functions of the bank.
  2. Transferring money from one client to another by bank transfer(by changing the corresponding entries).
  3. Credits(loans have a stimulating effect on the production sector of the economy and on entrepreneurship; in addition, another positive aspect of this function is the creation of additional money supply).
  4. In the resources of banks, attracted and borrowed capital prevails over their own, which entails increased responsibility to depositors and creditors.
  5. Simultaneous work with clients from different fields of activity, including with opponents (competitors).

Bank resources consist of equity and borrowed funds. Own capital is reserve fund bank, a means of protection in the event of a loss of liquidity by the bank and the need to return deposits. Equity capital consists of:

  • authorized capital ( minimum size bank property)
  • funds at the expense of profit;
  • additional capital (income on the sale of securities, on exchange rate difference and the difference in the revaluation of fixed assets).

Raising funds in the resources of the bank is:

  • deposits of individuals and legal entities;
  • interbank loans;
  • bank bills and bonds.

Banking system.

Banking system is a complex of all types of national banks and credit institutions. Structure of the banking system consists of two levels.

At the top level, the central or issuing bank, which regulates the activities of the entire system. At the lower level are commercial banks (universal and specialized - investment, savings, mortgage, credit, etc.).

The main elements in the infrastructure of the banking system:

  • legislative norms;
  • rules for performing transactions;
  • accounting, reporting and database processing;
  • the structure of the management apparatus (management).

The banking infrastructure is something without which the banking system cannot develop normally; it represents for banks the same regulator of behavior as for a person - moral and legal norms.

Speaking about banks and the system of banks, one cannot fail to mention the concept bank secrecy- a kind of bank code of honor. In some countries, all bank employees are prohibited from distributing information about customers, their accounts and movements of funds.

"Banking system"

Tasks for training

1 Which of the following examples is a consumer loan?

1) The Ivanovs took out a bank loan to pay for their summer holidays.

2) The Petrovs took out a loan to buy country house bail

future building.

3) Due to the state budget deficit, the government resorted to

to borrowing in foreign markets.

4) Individual entrepreneur Lisitsyn took a loan to open

new outlets.

2 Which of the following applies to the functions of the Central Bank?

1) issue of shares and other securities

3) implementation of currency exchange operations for citizens

4) lending to individual entrepreneurs

3 If, in a downturn in the economy, there is a reduction in the output of GDP, investment and employment, then the Central Bank should

1) raise the discount rate

2) lower the discount rate

3) increase the bank reserve ratio

4) increase the purchase of securities

4 Are the following statements about the Central Bank of Russia correct? A. The Central Bank of Russia is economically independent.

B. The Central Bank of Russia has the exclusive right to issue money.

5 Are the following statements about the Central Bank correct?

A. The Central Bank issues and revokes banking licenses for private banks.

B. The central bank controls the money supply and issues money.

6 The required reserve ratio in Russia is set

1) each commercial bank on one's own

2) Central Bank of Russia

3) Government of the Russian Federation

4) Federal Assembly of the Russian Federation

7 Below are some terms. All of them, with the exception of two, relate to the functions of the Central Bank.

1) determination of the refinancing rate

2) issuance of consumer loans

3) money issue

4) setting foreign exchange rates

5) federal property management

6) supervision of the activities of credit institutions

8 Below are some terms. All of them, with the exception of two, are connected with the activities of the Central Bank.

1) emission, 2) nationalization, 3) discount rate of interest, 4) depreciation, 5) reserve rate, 6) licensing.

Find two terms that "drop out" of the general series. Write down the numbers under which they are indicated.

Answer: ___________________________.

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1) managers salary

2) division of labor

3) room rental fee

4) attracting loans

10 Which of the following is a source of business financing?

1) managers salary

2) investor funds

3) room rental fee

4) payment of interest on previously taken loans

11 Which of the following applies to the functions of a central bank?

1) household lending

2) issue of money

3) company settlements

4) attracting citizens' savings to accounts

A. The central bank keeps a reserve fund of other lending institutions. B. Commercial banks conduct cash payments and settlements of firms and individuals.

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13 Are the following statements about the banking system correct?

A. Commercial banks act as intermediaries in payments between economic entities, in transactions with securities.

B. The Central Bank provides loans to individuals and organizations.

14 Below are some terms. All of them, with the exception of two, belong to the types of non-cash money.

Find two terms that “fall out” of the general series, and write down the numbers under which they are indicated in the table.

Answer: ___________________________.

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15 Read the text below, in which a number of words (phrases) are missing. Choose from the proposed list of words (phrases) that you want to insert in place of the gaps.

“The London Stock Exchange, officially known as the International Stock Exchange of Great Britain and Ireland, is the largest in Europe. In the quotation list of the London stock exchange present more

______(A) than any of the three largest exchanges in the world. London is an important international ______(B), playing a key role in currency trading, international ______(C) and bond trading.

After the ______(G) held in 1986, nicknamed the "big push", the London Stock Exchange has undergone dramatic changes. Was created electronic system information "Automated Stock Quotes", and trading, during which ______ (D) directly communicated with each other, is a thing of the past. Banks and other large financial institutions have equipped their own trading premises. Transactions increasingly began to take place between individual investors and "market makers" - firms owning significant ______(E)".

The words in the list are given in the nominative case. Each word (phrase) can only be used once.

Choose sequentially one word after another, mentally filling in each gap. Please note that there are more words in the list than you need to fill in the gaps.

List of terms:

1) bank lending

2) issue of national currency

3) brokers

4) foreign companies

5) reorganization

6) social transfers

7) shareholdings

8) Finance center

9) government

The table below lists the letters that represent the missing words. Write in the table under each letter the number of the word you have chosen.

Answer: A B C D E F

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