Ўзбекистон республикаси олий таълим, фан ва инноватсиялар вазирлиги тошкент молия институти

1.1 How innovative would you say you are? Explain your answer with examples.
Task 2
2.1 Translate the following words and make up sentences with either of them:
1. to reduce unemployment
2. to retain
3. to take advantage of smth
4. to turn down the job
5. trainee
6. unpaid leave
7. wage/salary
8. wholesale
Task 3
3.1 Read the text and translate the given text into your native language
What is a central bank?
JUST as a prudent driver keeps an eye on the road ahead and a steady hand on the wheel, a country’s central bank tries to keep the economy on course. A central bank looks at economic data such as factory orders, housing, consumer credit, retail sales, manufacturing, and construction and employment figures in an effort to keep the economy from overheating . It consequently adjusts money supply and interest rates to keep the economy headed in the right direction.
Instead of taking deposits and making loans like a normal bank, a central bank—such as the U.S. Federal Reserve or the Bank of Japan—controls the economy principally by increasing or decreasing the country’s supply of money. Cranking up the printing presses, however, is not the main way a central bank increases the country’s money supply. In most modern economies, printed notes and coins are only a small percentage—usually less than ten percent—of the total money supply. Central banks print only enough currency to satisfy the everyday needs of business and consumers. In the United States, the Federal Reserve usually prints up only enough bills to replace worn-out money in circulation.
But a central bank is much more than a national piggy bank. Besides coordinating a country’s monetary policy, the central bank serves as a watchdog, supervising the country’s banking and financial system. In most countries, the central bank is given a considerable degree of independence. In the United States, for example, the president appoints the head of the Federal Reserve, but from the moment on, the government has no significant say in how the money supply is regulated.
The activities and responsibilities of central banks vary widely from country to country. The Bank of England, for example, is responsible for printing the money as well as supervising the banking system coordinating monetary policy. The European Central Bank head oversees the monetary policy for all the countries in the euro area, but is limited in how much it can intervene in each country.