Look through the text and fill in the gaps with the words given below. Summarize the main information of the text and render it

Summarize the main information of the text and render it.

Answer the questions.

1. What is the tendency of worldwide assets growth of the largest countries?

2. What could be different bank risks?

3. What is the source of bank profitability?

4. What measures did American banks take to remain profitable?

5. What is risk-based pricing?

6. What do banks do to make transactions easier?

7. What are the disadvantages of easy credits?

8. What are the results of some international bank activities?

Banks compete with each other for both loans and deposits. Before 1980, legal ceilings on deposit interest restricted competition for deposits, but now..(1).. rates on certificates of deposits, savings accounts, and even checkable deposits are..(2)... Because banks’ profit margins depend on the..(3).. between the interest they earn on their loans and other assets and what they..(4).. for deposits, the two move together.

Banks..(5).. with other financial institutions and with open financial markets. Corporations borrow..(6).. only from banks but also from other financial intermediaries:..(7).. companies, pension funds, and investment companies. They sell bonds,..(8).., and commercial paper in open markets, where the buyers include individuals, nonprofit..(9).., and mutual funds, as well..(10).. banks. Households and businesses compare the returns and advantages of bank deposits..(11)..those of money market funds, other mutual funds, open-market securities, and other..(12)...

Thanks to its control of money markets and..(13).., the Fed influences interest rates, asset prices, and credit flows throughout the..(14).. system. Arbitrage and competition spread increases or..(15).. in interest rates under the Fed’s direct control to other markets. Even stock prices are sensitive, falling when yields on bonds go up, and rising when they fall.

Interest, pay, unregulated, financial, compete, decreases, not, stocks, difference, insurance, with, institutions, as, banks, assets.

Render the text into English.

Дата добавления: 2014-11-29