B) Write down 3-5 questions about the text

Ex. 8. a) Supply the articles where necessary.

F) Write out from the main text international words like finance, system, etc. Transcribe and read them aloud.

D) Make your own sentences with any five word combinations from (b) and (c).

e) Match the verbs from (a) with the nouns from (b) below:

a) to make b) funds

to approve provisions

to provide payments

to formulate expenditure

to cut revenue

to cover deficit

to provide for proposal

to consider budget

The World's Major Financial Centre

The financial heart of England is the City. It is... square mile in London on the bank of... Thames. In the centre there is the Bank of England, and the head offices and foreign departments of other English banks.

It is... home of commodity, financial, and insurance markets that are all concentrated in the narrow streets, which form the financial core of... City.

The position that the City holds is due in no small measure to the integrity of its members. The City is jealous of its honour, punctilious in fulfilling its obligations and, where deals of thousands of pounds are made merely by a word, is proud to make its word its bond.

The population of the City is almost entirely... daytime one. Each morning about half a million people come in from north, south, east and west, and then as evening comes and business finishes they hurry home by... train, bus, car or... underground. Prior to 1914 this population was almost completely... male one, with top hat, black tail coat, black and white striped trousers, stiff-fronted shirt and stiff white collar. Two wars have changed all that. There are probably as many women employed in the City as there are men these days.

From... earliest times the City has been ruled by its own elected Lord Mayor and Aldermen, and to this day... king or queen of England may not pass the bounds of the City until he or she has had permission of... "Lord Mayor, and then he or she comes only as... guest.

Generally speaking, the City performs four financial functions:

a) the City gathers in... country's savings and provides channels and machinery for their investment;

b) it provides... safe, speedy and convenient means of payment without the actual use of banknotes or coins;

c) through the medium of... Foreign Exchange Market it makes it possible to exchange one currency for another;

d) it provides the organization to finance, transport and insure foodstuffs, manufactures and raw materials on their way from producer to consumer.

Words you may need:

square mile квадратная миля

core n сердцевина

jealous of its honour тщательно оберегающий свою честь

punctilious adj пунктуальный

bond n обязательство

stiff adj жесткий, (зд.) накрахмаленный

striped adj полосатый

bound n граница

medium n средство

Ex. 9. a) Supply the prepositions where necessary,

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