Exercises

1. Read the following:

• the Bank of England the nation's central bank	• in the City of London one of the external visits
the museum of the Bank	on behalf of the Government
the history of the Bank	the session
the building of the Bank	the programme
	the markets
	the nickname

 

He suggested that the participants should go to the museum of the Bank.

2. Underline the answers true to the text:

• When did Mr. Hill suggest that the group should visit the museum of the Bank of England?	Before the session on Banking Sector. After the session on Banking Sector Diring the session on Banking Sector
• Was this visit on the Programme?	Yes, it was No, it wasn't It isn't quite clear
• Where is the museum of the Bank of England located?	In the very centre of the Bank of England. Rather far from the Bank of England. Practically in the building of the Bank of England.
• When was the Bank founded?	In 1694. In 1794. In 1894.

 

• What video can visitors see at the museum of the Bank of England?	On the history of the City. On the history of London. On the history of the Bank.
• What original material does the Unit quote?	The video. The audio recording. The lecture of Mr. Hill.
• What did the participants do then?	They asked the lecturer a few questions. They asked Mr. Hill a few questions. They asked the Group Leader a few questions.

 

3. Underline the verbs and translate the sentences into Russian:

To understand the role and importance of the Bank better we should learn first how it emerged.

In 1694 a joint stock company to laise money for the Govern­ment and finance wars was incorporated.

This Bank is privately owned and financed.

It raises money to finance the needs of the British Government.

It manages the national debt.

It prints banknotes and mints coins.

In 1946 the Bank was nationalized.

It operates today as the UK's central bank.

It executes monetary policy on behalf of the Government.

It supervises the markets in London.

Besides it has always been a repository of gold.