The Bank of England

The Bank of England

The Bank of England is the UK's 1) central banks The Bank of England was founded in 1684 and since then has acted as a government 2) b___________ first to the English government and later to UK government. The bank started to act as a banker to the English 3) banking system at the end of the 18th century. The Bank of England is the sole 4) issuerof bank notes in England and Wales. The bank manages the UK 5) goldreserve and is responsible for the 6) financial exchange reserves as well. The Bank of England is the UK's central bank, and as such it has two main objectives – 7) m___________ stability and 8) f_________ stability. The Bank of England works closely with HM 9) Treasury, Financial Services Authority and often other central banks to achieve its goals of monetary and financial stability.The monetary stability of a country is manifested in stable 10) p__________ and high level of confidence in the country's 11) c___________. The Bank of England is responsible for setting the UK's official 12) interest ratein order to meet the 13) i__________ target set yearly by the Chancellor of the Exchequer. The Bank of England Monetary Policy Committee makes the interest rate decisions, and applies them through its financial market 14) operations. The bank strives to achieve high economic 15) growth in a low-inflation environment.

1.debt instruments. 2.time deposit 3.monetizing the debt 4.certificate of deposit 5. my word is my bond. 6. competitive interest rate 7. checking accounts. 8. thrift institution. 9 monetary base. 10 wholesale market

1.Liquidity of the enterprise is when the population makes necessary expenses.

2.The sequence of payments - sequence at which is written off by money from the account of the enterprises when there are some payments.

3.The financial market is a market with negotiable capital and loans. The financial market it consist of short-term capital market and the market where participants can sell huge quantities of debts with easy.

4. Monetary aggregates are the kinds of money differing from each other by the degree of liquidity.

5. Today banknotes are universal payment and purchase instrument and it become to new kind of credit money - bank money.

Билет 7.

The Bank for International Settlements (BIS)

The Bank for International Settlements (BIS) is the world’s oldest international 1) financial institution. The body was established in 1930 in Basel, as a result of the Hague agreements. The 2) purpose of the organization is to foster international 3) monetary and financial cooperation and to serve as a bank for all 4) central bank. Besides the 5) h__________ office in Basel, there are two representative offices located in Hong Kong and Mexico City. The Bank’s 6) c____________ are solely central banks and international financial institutions, and hence the body does not provide services to 7) privat or corporate clients.

The Bank’s main 8) goal is to guarantee transparency and predictability of monetary policies among its 55 member central banks. The organization executes two functions – 9) r__________ adequacy of capital and encourages transparency of 10) r___________requirements.

The 11)regulation of capital adequacy conducted for the purpose of preventing overvaluation of 12) capital and equity assets. The bank requires from central banks to keep their capital and 13) asset ratio above a certain predetermined international threshold, thus minimizing the possibility of speculative lending, resulting from insufficient 14) u___________ capital as well as different 15) liability rules among countries.

1.wholesale market 2. intrinsically worthless 3. monetizing the debt 4. certificate of deposit 5. my word is my bond 6.interest rate competitive 7. checking accounts 8. thrift institution 9. term loans. 10 balance sheet.

1.The value of fiat money is established, secured and guaranteed by the government.

2.Cash is legal tender in the form of banknotes and coins.

3.Bank money used in the wholesale trade and payment and settlement operations between businesses, corporations and banks.

4. M2 includes savings accounts, small time deposits at banks, and retail money market funds.

5. Savings Bank is a lending institution which attracts savings money and temporary available funds of private sector i.e. savings deposits.

Билет 8

Date: 2015-12-11; view: 1017