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

ASSETS

A bank uses the funds that it has acquired by issuing liabilities to purchase income-earning assets. Bank assets are thus naturally referred to as uses of funds, and the interest payments earned on them are what enable banks to make profits.

Reserves. All banks hold some of the funds they acquire as deposits in an account at the Fed. Reserves are these deposits plus currency that is physically held by banks (called vault cash because it is stored in bank vaults overnight).

Although reserves currently do not pay any interest, banks hold them for two reasons. First, some reserves, called required reserves, are held because, by law, the Fed requires that for every dollar of checkable deposits at a bank, a certain fraction (10 cents, for example) must be kept as reserves. This fraction (10% in the example) is called the required reserve ratio. Second, additional reserves, called excess reserves, are held because they are the most liquid of all bank assets and can be used by a bank to meet its obligations when funds are withdrawn, either directly by a depositor or indirectly when a cheque is written on an account.

b) Answer the following questions:

    1. What are bank assets referred to?

    2. What is called “reserves”?

    3. For what reasons do banks hold reserves?

  1. Translate into English:

      1. На членів правління дивилися з великим інтересом, коли вони з’явилися перед вкладниками.

      2. Коли він сказав, що акції цієї компанії – вигідне капіталовкладення, над ним сміялись.

      3. Ми сподіваємось, що зниженню прибутків з продажів скоро буде покладено кінець.

      4. Біржовий брокер визначив ставку прибутку по цим акціям.

      5. Говорять, що річний звіт нашої інвестиційної компанії є сприйнятним, а прибутки з продажу були вищими ніж у минулому році.

      6. Я здивований, що Моріс безробітний. Він, напевно, ніколи не шукав роботу. Він молодий і його кваліфікація користується великим попитом.

  1. Express your attitude towards the following:

If you had a bank account and heard that your bank wasn’t honouring its obligations towards depositors what would you do about your account?

Питання до заліків (ІІІ курс)

Перелік залікових тем

  1. What is Economics?

  2. Economic Environment.

  3. Types of Economic Systems.

  4. Planned, Market Mixed Economy.

  5. Demand and Supply.

  6. How to Measure Economic Activity.

  7. Unemployment.

  8. Inflation.

Перелік граматичних тем (ІІІ курс)

    1. Passive Voice.

    2. Complex Object (with Passive Infinitive).

    3. Complex Object.

    4. Conditional and Temporal Clauses.

    5. Present and Past Perfect Continuous Tense.

    6. Gerund.

    7. Participle.

Питання до екзамену (ІV курс)

Перелік екзаменаційних тем

1. What is Economics?

2. Economic Environment.

3.Types of Economic Systems.

  1. Planned, Market Mixed Economy.

  2. Demand and Supply.

  3. How to Measure Economic Activity.

  4. Unemployment.

  5. Inflation.

  6. Financial Institutions.

  7. Four Markets.

  8. Types of Ownership.

WHAT IS ECONOMICS?

Economics is a social science, like history, geography, politics, psychology and sociology and sociology. It studies the most important aspects of our life linked with production, distribution, exchange and consumption of welfare.

The principles of economics lay the foundations for the way we transact business. It explains why things are produced and how supply is matched with demand. It explains why we pay a certain price for one good and another price for another good.

The principles of economics underpin all commercial transactions. Economics as a science consists of two disciplines that is of macroeconomics and microeconomics.

Macroeconomics is the study of “global” or collective decisions by individual households or producers. It looks at a national or international economy as a whole – e.g. total output, income and expenditure, unemployment, inflation, interest rates and balance of international trade etc., and what economic policies a government can pursue to influence the condition of a national economy. In macroeconomics we examine forest not the trees.

Microeconomics deals with analysis of specific economic factors and detail study of their behaviour. It studies individual producers, consumers or markets. Microeconomics also studies how government activities such as regulations and taxes affect individual markets. Besides microeconomics tries to understand what factors affect the prices, wages and earnings.

In studying economics it is important to distinguish two branches of the subject. The aim of positive economics is to explain how society makes decisions about consumption, production, and exchange of goods.

Normative economics offers prescriptions or recommendations based on personal value judgements.