English reader on

Task 1. Read the text once without a dictionary. If you find a word 

the meaning of which you can not guess, underline it and write your 

definition or translation in the margin (at side of the text). Then look 

up the word in the dictionary, check your guess and read the text 

again. 

 

 

 

4

---

Task 2. Translate the text. 

 

Task 3. Answer the following questions: 

a) Where about is one of the major banking centers of the world located ? 

b) What is at the head of banking? 

c) Explain the meaning of the title: “Banks act like money pumps” 

d) What is the basic idea of banking? 

e) Why do banks encourage people to leave their savings with them? 

f) What is the difference between discount houses and any other banks?