Variant 4. Currency, banking and finance

The pound sterling (Zl), of 100 new pence, is the basic unit of currency (Z 06551 equals US $1; 1996). In 1968 Britain took the first step in a three-year conversion of its currency to the decimal system of coinage by introducing the first two new coins, the 5-pence piece (equal to one old shilling) and the 10-pence piece. In 1969 the 50-pence coin was introduced, replacing the old 10-shilling note. The conversion was completed in 1971. The pound was permit­ted to float against the dollar and other world currencies beginning in June 1972.

The Bank of England, chartered in 1694, was nationali­zed in 1946, and it is the sole bank of issue in England and Wales. Several banks in Scotland and Northern Ireland may also issue currencies in limited amounts. Great Britain has, in addition, some 13 major commercial banks with more than 10,000 domestic and overseas branches, most of which are offices of the four leading banks: Lloyds, Barclays, National Westminster, and Midland. Some banking services are provided by the postal system, savings banks, and cooperative and building societies.

There are also a number of domestic clearing banks, discount houses, and other financial institutions, such as the London Stock Exchange, and Lloyd's insurance mar­ket, linked to Britain's role as one of the world's leading financial centres. In 1994 there were come 486 banks regis­tered in the United Kingdom, as well as many other ban­king and non-banking institutions. Banking, finance, insu­rance, and leasing services accounted for about 20 per cent of Britain's output, a substantial rise over a decade earli­er, and 13 per cent of employment.

1. Прочитайте текст. Виконайте його письмовий переклад.

2. Випишить з тексту речення з присудком у пасивному стані (Passive Voice). Вкажить час присудків.

3. Випишить з тексту речення з модальним дієсловом ,або його еквівалентом. Визначте його часову форму.

4. Випишить речення з дієприкметником минулого часу ( The Participle ІI). Вкажить їх функцію у реченні.

5. Випишить з тексту прикметники. Дайте їх усі ступені порівняння. Перекладіть прикметники.

6. Випишить з тексту неправильні дієслова у функції присудка. Вкажить їх 3 основні форми.

7. Випишить у тексті займенники, визначте їх розряд та перекладіть .

8. Виділіть присудки у даних реченнях , визначте час та стан :

1. Money takes up very little space and if we want we may put it in a bank.

2.The grocer can in turn use the money received from the carpenter and others to purchase a suit from the tailor.

3. The Bank of England, chartered in 1694, was nationali­zed in 1946, and it is the sole bank of issue in England and Wales.

4. In a short time the buying power of modern money can change very greatly.

5.You would want to define the exchange in terms of the relative value of the two items.

IX. Дайте відповіді на запитання:

l)When did Britain take the first step in a three-year conversion ?

2) Where may currencies in limited amounts issue ?

3)How many banks were there come regis­tered in the United Kingdom?

X. Випишить з тексту по 1 реченню з прийменниками. Визначте, до якої групи вони відносяться.

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