І. Перепишіть наступні речення , визначте в кожному дієслівну форму і стан дієслова-присудка ( див. зразок 1). Перекладіть речення українською або російською мовою.

1. The management knows what prices are being asked for the commodity in every part of the market.

2. Many books were referred to by the economists.

3. At this stage the raw materials are loaded into this container.

4. The Bank has been keen to assist Ukraine in its initial steps toward independence and market system.

5. The goods had been examined by the customs officers before we came.

6. His point of view was being explained for some minutes.

7. Such high price will not be accepted by the buyers and the firm will meet troubles.

ІІ.  Перепишіть наступні речення і перекладіть їх українською або російською мовою, звертаючи увагу на різні значення слів it, that, one. ( див. зразок2)

IV. Перепишіть наступні речення і перекладіть їх українською або російською мовою, звертаючи увагу на безсполучникову підрядність. ( див. зразок 3)

1. The accountant realized he didn’t have the answer.

2. The State provides all the services the citizens require.

3. Some people think the budget for next year will be easily adopted.

4. Stockholders pay tax on the income (dividends) they receive from the corporation.

V. Перепишіть наступні речення і перекладіть їх українською або російською мовою, звертаючи увагу на функції інфінітива. 

1. The house was small and cheap enough to be sold for five thousand pounds.

2. It is important to carry out these changes as quickly as possible.

3. My only concern was to get home after a hard day’s work.

4. The equipment to be installed will need more monitoring.

5. They had to improve quality and expand distribution, all at once.

6. I decided to read much.

VI. Прочитайте і усно перекладіть українською або російською мовою 1, 3, 4 абзаци тексту. Перепишіть і письмово перекладіть 2, 5 абзаци.

to tackle – закріплювати, закріпляти;

to adjust – корегувати;

the base rate – основний рівень;

communication strategy –комунікативна стратегія;

HM Treasury = Her Majesty’s Treasury.

Functions of the Bank

1.The Bank of England performs all the functions of a central bank. The most important of these is supposed to be maintaining price stability and supporting the economic policies of the British Government, thus promoting economic growth. There are two main areas which are tackled by the Bank to ensure it carries out these functions efficiently:

2.Monetary stability

Stable prices and confidence in the currency are the two main criteria for monetary stability. Stable prices are maintained by making sure price increases meet the Government's inflation target. The Bank aims to meet this target by adjusting the base interest rate, which is decided by the Monetary Policy Committee, and through its communications strategy.

3.Financial stability

Maintaining financial stability involves protecting against threats to the whole financial system. Threats are detected by the Bank's surveillance and market intelligence functions. The threats are then dealt with through financial and other operations, both at home and abroad. In exceptional circumstances, the Bank may act as the lender of last resort by extending credit when no other institution will.

4.The Bank works together with several other institutions to secure both monetary and financial stability, including:

· HM Treasury, the Government department responsible for financial and economic policy.

· The Financial Services Authority, an independent body that regulates the financial services industry.

· Other central banks and international organizations, with the aim of improving the international financial system.

The Bank of England acts as the Government's banker, and as such it maintains the Government's Consolidated Fund account. It also manages the country's foreign exchange and gold reserves. The Bank also acts as the bankers' bank, especially in its capacity as a lender of last resort.

5.The Bank of England has a monopoly on the issue of banknotes in England and Wales. Scottish and Northern Irish banks retain the right to issue their own banknotes, but they must be backed one to one with deposits in the Bank of England, excepting a few million pounds representing the value of notes they had in circulation in 1845. The Bank decided to sell its bank note printing operations to De La Rue in December 2002, under the advice of Close Brothers Corporate Finance Ltd.

VII. Прочитайте запитання до тексту. З приведених варіантів відповідей визначте літеру речення, якa містіть правильну відповідь на поставлені запитання.

1. What is the most important of all the functions of a central bank?

a) …is supporting the economic policies of United States.

b) …is supposed to be maintaining price stability.

c) …is ensuring of the functions.

2. What does financial stability involve?

a) …extending credit.

b) …market intelligence functions.

c) …protecting against threats to the whole financial system.

3. What regulates the financial services industry?

a) …the Financial Services Authority.

b) …HM Treasury.

c) …other central banks.

Контрольне завдання № 4

Для того, щоб правильно виконати завдання №4, необхідно засвоїти наступні розділи курсу англійської мови за рекомендованим підручником.

1. Складні форми інфінітиву (Passive Infinitive, Perfect Infinitive). Звороти рівнозначні підрядним реченням: об’єктний інфінітивний зворот, суб’єктний інфінітивний зворот.

2. Дієприкметник (Participle I, II.) Незалежний дієприкметниковий зворот.

3. Умовні речення.

Використайте зразки щодо виконання вправ.

Зразок виконання 1 (до впр. І)