callable (capital)

a) оплаченный;

b) совокупный;

c) подлежащий оплате по требованию.

II. Find the proper term for the following definition:

9) An administered reduction in the exchange rate of one currency against other currencies under a fixed exchange rate system is called

a) deflation;

b) devaluation.

10) A reduction in the level of national income and output, usually accompanied by a fall in the general price level is called

a) deflation;

b) inflation.

11) The charge made for borrowing money in the form of a loan is called

a) the principal;

b) an interest.

12) Money received by individuals in the form of wages, salaries, rent, interest, unemployment benefit, old age pensions, etc., is called

a) profit;

b) income.

III. Find pairs of synonyms:

13) basis a) to repay
14) aim b) subscribed capital
15) to employ c) purpose
16) to pay back d) bond
17) help e) framework
18) share capital f) stock
19) debt instrument g) to perform
20) reserve h) to recruit
21) to implement i) assistance

IV. Find pairs of opposites:

22) deficit a) demand
23) supply b) poverty
24) inflation c) state-owned companies
25) to increase d) surplus
26) private enterprises e) liabilities
27) borrowing f) price stability
28) assets g) to reduce
29) wealth h) temporary
30) constant i) lending

V. Supply the appropriate prepositions:

31) The European Bank for Reconstruction and Development raises funds … competitive terms.

a) at

b) on

c) under

32) The Bank issues bonds and other debt instruments … highly cost-effective market rates.

a) at

b) on

c) by

33) Voting power is … proportion … the number of shares.

a) on, to

b) in, of

c) in, to

34) Headquartered in Washington, D.C., the International Monetary Fund is governed … its almost global membership … 184 countries.

a) by, in

b) by, of

c) by, for

35) The International Monetary Fund lends … member countries … balance of payment problems.

a) from, with

b) for, with

c) to, with

36) The first reserve tranche may be drawn … demand, the remaining sum is divided … four credit tranches … 25% each.

a) on, into, of

b) at, in, by

c) on, into, at

VI. Supply the proper tense and voice forms:

37) The European Central Bank … on 1 June 1998.

a) established

b) was established

c) has been established

38) Nowadays the European Central Bank … in Frankfurt am Main, Germany.

a) was based

b) bases

c) is based

39) The European Central Bank … its objectives in cooperation with the national central banks.

a) pursues

b) pursue

c) is pursuing

40) Together, the European Central Bank and the national central banks from the euro area … as the Eurosystem.

a) is known

b) are known

c) were known

41) The euro … the common currency of more than 300 million Europeans on 1 January 1999.

a) become

b) becomes

c) became

42) Twelve European countries … the euro area.

a) form

b) formed

c) were formed


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