English_for_Finance_and_Banking

ž Tests:

I. For each word or sentence choose the correct definition:

1.The central bank in Ukraine is called:

a) Federal Reserve Board;

b) Bundesbank;

c) National Bank

2.The board of governors of the Fed has its headquarters:

a) in Washington D.C.;

b) in New York;

c) in Chicago

3.The Fed consists of:

a) twelve federal reserve banks;

b) eleven reserve banks;

c) twelve reserve banks and a board of governors

4.The banking system in Ukraine is organized as:

b) 1-tier system;

c) 2-tier system;

d) 3-tier system

5.The National Bank pays:

b) tax on profit;

c) tax on property;

d) charges to the Pension Fund;

e) it is exempt from taxes

II.Match what statements are true and what are false. Results write to the table:

The central banking system plays a very important role in the fiscal policy of national government.
Central banks act as lenders of last resort to commercial banks with liquidity problems.
The Federal Reserve System, is known as an independent agency of Congress of Russia.
Check clearing means that check written on one bank can not be accepted at any other bank.
The main reason for setting up the Fed was preventing of the banking panics.
Refinancing of commercial banks is one of the main instruments of the national bank of Ukraine.

III. Fill the tables:

Категорії