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    1. Translate into English:

      1. Ставши незалежною, Україна почала розвивати відносини з країнами західної та східної Європи.

      2. Він написав теми, які зазвичай обговорюють на тих семінарах.

      3. Директор компанії ретельно дослідив базу даних, запропоновану консультантом компанії.

      4. Учасники зустрічі обговорювали проблему контролю цін та впровадження карток протягом двох годин до того, як ми прийшли.

      5. Ви передасте їй, що я приходив до неї, але її не було вдома. Мені потрібно було поговорити з нею.

    1. Do you see any areas in which a large number of jobs might realistically be created? term II

Variant III

  1. Match the terms in column a with the definitions in column b:

А

В

  1. Structural unemployment

  1. Unemployment arising from a long-term decline in a particular industry.

  1. Cyclical unemployment

  1. Unemployment occurring in certain industries, e.g. building, tourism and farming, where the demand for labour fluctuates in seasonal patterns throughout the year.

  1. Frictional unemployment

  1. Unemployment arising from a difficulty in matching unemployed workers with available jobs.

  1. Seasonal unemployment

  1. A form of structural unemployment, which occurs when new technologies are introduced.

  1. Technological unemployment

  1. Unemployment occurring in the downswing of an economy in between two booms.

  1. A) Replace the underlined words by synonyms

    • economic statistics are presented in many forms;

    • a persistent rise;

    • may pose few difficulties;

    • which entails enormously high rates;

    • inflation occurs when.

b) Give the antonyms of the following words:

    • to go out of business;

    • to save money;

    • profit;

    • to fail;

    • to decline.

  1. Give English equivalents of the following expressions and make up sentences of your own:

державний службовець, сукупний попит, колосальні наслідки, стверджувати, очікувана інформація.

  1. Suggest Ukrainian equivalents:

    • inflation varies considerable in its extent and severity;

    • mild inflation of a few %;

    • rate of inflation;

    • aggregate demand;

    • demand-pull inflation;

    • the economy is already stretched.

  1. A) Read and translate the text in a written form:

FINANCE AND FINANCIAL SYSTEM

Finance is the provision of money at the time when it is needed. It is a system of monetary relations leading to formation, distribution and use of money in the process of its turnover between economic entities.

The financial system is the network of institutions through which firms, households and units of government get the funds they need and put surplus funds to work.

Savers and borrowers are connected by financial intermediaries including banks, insurance companies, pension funds, mutual funds, and finance companies.

Finance in an economic system comprises two parts: public finance and finance of economic entities.

Public finance is the provision of money (by the community) through, taxes to be spent by national and local government authorities on projects of national and local benefit. It is a collective term for the financial flows and also the financial institutions of the public sector.

b) Answer the following questions:

  1. What is finance?

  2. What is financial system?

  3. What parts does finance comprise?

  4. What is public finance?