Exercises

1. Write 20 questions to the above text.

2. Look up the text and complete this fork.

4. Complete these terms and give their Polish meaning.

3. Nouns collocating with "MONETARY". Give the Polish meaning of these phrases.

5. Make full statements on the following.

• The role of central banking in the evolution of modern monetary systems

• The operational responsibilities of a central bank.

• Close relations of the IMF and the central banks in its member countries.

• Factors adversely affecting the accomplishment of aims in the field of economic
  and social development.

• The role the central bank must be allowed to play as full partner in the formulation
  of the economic and fiscal policies of the country.

• The operational responsibilities of a central bank.

• The central bank's four major responsibilities in economic and financial policy
  making.

• The two major issues within the policy mixes the central bank agreed upon with
  the government.

• Stimulating growth by credit expansion.

• Difficulties that bankers encounter in accurately relating changes in credit and
  in external reserves.

• Keen competition for scarce resources — an obstacle to attaining the aims set.

• Circumstances in which the central banker abdicates his real responsibilities.

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