2015-03-08
732
a bank run (a run on the bank) – массовое изъятие вкладов из банка
to withdraw – снимать со счета
to wipe out – уничтожать
recession – падение, спад, рецессия
to suspend – приостанавливать, временно прекращать
convertibility – обратимость, конвертируемость (валюты, ценных бумаг)
to impose – облагать (налогом), налагать (обязательство)
reserve ratio – норма резерва
to fail – обанкротиться
failure – банкротство, несостоятельность
interests rate – ставка процента assets – активы, средства, фонды bubble – бум
downturn – спад деловой активности
8. Give Russian equivalents:
an incentive
chain of bankruptcies
to cause
to prevent to satisfy to insure
9. Choose words from the list to fill in the gaps, then use them to make sentences:
price, financial, bank, interest, economic
1. rates
2. bubble
3. recession
4. crises
5. customer
10. Correct the statements that are false:
1. A bank run occurs when some bank customers withdraw their
deposits.
2. Nothing can help to prevent bank runs.
3. To stop a run banks can temporally suspend withdrawals.
4. Depositors’ savings cannot be protected when the bank fails.
11. Answer the questions:
1. What is a bank run?
2. When does a bank panic occur?
3. Is it possible to prevent bank runs? How?
4. What was the financial crisis of 2007-2009 caused by?
12. Use words/phrases from the list to help you retell the text: a bank run, insolvent, a banking panic, suffer runs, to prevent bank runs, suspension of convertibility, impose, a reserve ratio requirement, deposit insurance systems, interest rates.
Unit 3
