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1 What was the most important development in banking industry during the 1980s?
2 What countries did international banks assist and why did the assistance increase
in 1973?
3 Which principle was ignored by many banks committing sums which exceeded
their capital and reserves?
4 What facts prevented several countries to meet their repayment obligations?
5 What was the result of the debt crisis for industrialized countries?
6 What does the financial strength of the banks depend on?
7 Why is it difficult for banks to compete with insurance companies?
8 What changes have taken place after the application of technology in the banking
industry?
9 Why are security operations of vital importance to modern banks?
10 What are the advantages of banking automated services offered to the general
public?
9.2 Vocabulary Practice
Exercise 1 Choose the necessary word and put it into the sentence:
1 The growth in international ... problems had begun
to evolve in the previous decade.
2 International banks ... countries with balance of
payments difficulties.
3 During the sharp rise of oil prices in
1973 the higher prices meant even greater balance of
... problems for some countries.
4 Some leading banks ignored the principle
of a well-spread ... portfolio.
5 Recently banks faced the ... from other
organizations both in terms of numbers and in the
range of services.
6 Financial services industry development and
innovation are contributing to general ... evolution.
7 Accounting .. are maintained with the
help of computer systems.
8 Electronic systems do involve certain risks,
such as computer system ....
9 If a system breaks down it's ... that
information is not lost.
10 Many banks try to reduce their ... costs
1 records
2 imperative
3 assisted
4 personnel
5 loan
6 debt
7 payments
8 market
9 competition
10 failure
32
1 What was the most important development in banking industry during the 1980s?
2 What countries did international banks assist and why did the assistance increase
in 1973?
3 Which principle was ignored by many banks committing sums which exceeded
their capital and reserves?
4 What facts prevented several countries to meet their repayment obligations?
5 What was the result of the debt crisis for industrialized countries?
6 What does the financial strength of the banks depend on?
7 Why is it difficult for banks to compete with insurance companies?
8 What changes have taken place after the application of technology in the banking
industry?
9 Why are security operations of vital importance to modern banks?
10 What are the advantages of banking automated services offered to the general
public?
9.2 Vocabulary Practice
Exercise 1 Choose the necessary word and put it into the sentence:
1 The growth in international ... problems had begun 1 records
to evolve in the previous decade.
2 International banks ... countries with balance of 2 imperative
payments difficulties.
3 During the sharp rise of oil prices in 3 assisted
1973 the higher prices meant even greater balance of
... problems for some countries.
4 Some leading banks ignored the principle 4 personnel
of a well-spread ... portfolio.
5 Recently banks faced the ... from other 5 loan
organizations both in terms of numbers and in the
range of services.
6 Financial services industry development and 6 debt
innovation are contributing to general ... evolution.
7 Accounting .. are maintained with the 7 payments
help of computer systems.
8 Electronic systems do involve certain risks, 8 market
such as computer system ....
9 If a system breaks down it's ... that 9 competition
information is not lost.
10 Many banks try to reduce their ... costs 10 failure
32
