Question

Заполнитепропускипредлогами: 1. Monetary policy is concerned with the cost ... money. 2. Bank-notes and coins are not the most important form ... money ... developed economies. 3. Cheques didn’t come ... general use ... the second half of the seventeenth century. 4. A payment from one person ... another merely requires that the banker reduces the amount ... one deposit and increases it ... another. 5. The transmission ... payments ... means ... cheques creates problems when the person making 6.The payment has an account ... a different bank ... the person receiving the payment. 7. Most countries have a central bank, which is responsible ... the operation ... the banking system. 8. Several merchant banks date back ... the nineteenth century.

Answer 1

1. Monetary policy is concerned with the cost of money. 2. Bank-notes and coins are not the most important form of money in developed economies. 3. Cheques didn’t come into general use in the second half of the seventeenth century. 4. A payment from one person to another merely requires that the banker reduces the amount at one deposit and increases it at another. 5. The transmission of payments by means of cheques creates problems when the person making 6. The payment has an account at a different bank for the person receiving the payment. 7. Most countries have a central bank, which is responsible for the operation of the banking system. 8. Several merchant banks date back to the nineteenth century

Answer 2

1. Monetary policy is concerned with the cost of money. - Monetary policy refers to the actions taken by a central bank or monetary authority to manage and control the money supply and interest rates in an economy. It aims to achieve specific economic goals, such as price stability, low inflation, and sustainable economic growth. One of the key aspects of monetary policy is determining the cost of money, which is influenced by interest rates.

2. Bank-notes and coins are not the most important form of money in developed economies. - While banknotes and coins are physical forms of money, they are not the most important form of money in developed economies. In modern economies, the majority of transactions are conducted electronically, using various forms of digital money, such as bank deposits, electronic transfers, and digital payment systems. These electronic forms of money are more convenient and efficient for everyday transactions.

3. Cheques didn’t come into general use until the second half of the seventeenth century. - Cheques, as a form of payment, were not widely used until the second half of the seventeenth century. Before the widespread use of cheques, transactions were primarily conducted using cash or other forms of direct payment. The introduction of cheques provided a more convenient and secure method of transferring funds between individuals and businesses.

4. A payment from one person to another merely requires that the banker reduces the amount in one deposit and increases it in another. - When a payment is made from one person to another, the process involves the banker reducing the amount of money in one deposit and increasing it in another. This can be done electronically through the banking system, where funds are transferred from the payer's account to the payee's account. The banking system facilitates the transfer of funds between different accounts, making it convenient and efficient for individuals and businesses to make payments.

5. The transmission of payments by means of cheques creates problems when the person making the payment has an account at a different bank from the person receiving the payment. - When payments are transmitted using cheques, difficulties can arise when the person making the payment has an account at a different bank from the person receiving the payment. This is because the cheque needs to be processed and cleared through the banking system, which can take time and may involve additional fees. In some cases, the receiving bank may place a hold on the funds until the cheque is cleared, which can cause delays in accessing the payment. Electronic payment methods, such as bank transfers or digital payment systems, have become more popular as they offer faster and more efficient ways of transmitting payments.

6. The payment has an account at a different bank from the person receiving the payment. - When making a payment, if the payer and the payee have accounts at different banks, the payment will involve transferring funds from one bank to another. This can be done through interbank transfers or using payment systems that facilitate transactions between different banks. The banking system ensures the secure and efficient transfer of funds between accounts held at different financial institutions.

7. Most countries have a central bank, which is responsible for the operation of the banking system. - In most countries, there is a central bank that is responsible for overseeing and regulating the operation of the banking system. The central bank plays a crucial role in maintaining financial stability, controlling the money supply, and ensuring the smooth functioning of the economy. It sets monetary policy, supervises banks, and acts as a lender of last resort to provide liquidity to the banking system during times of financial stress.

8. Several merchant banks date back to the nineteenth century. - Merchant banks, which provide financial services to businesses and corporations, have a long history that dates back to the nineteenth century. These banks specialize in providing capital, advisory services, and other financial solutions to support the growth and operations of businesses. Over time, merchant banks have evolved and adapted to the changing needs of the business world, but their origins can be traced back to the nineteenth century.