O’zbekiston respublikasi оliy va o’rta maxsus ta’lim vazirligi тоshkent moliya instuti

Task 3. Reading: Answer the following questions according to the text.
Elephants are not really very savage animals, but occasionally they can be in a very bad temper. Their most dangerous habit at such moments is to pick up, with their trunk, a large stick or stone, and throw it with great force at someone standing nearby. When this happens the only thing anyone can do, is to jump quickly out of the way.
52. When an elephant is in a bad temper _____.
A) it may try to hurt someone.
B) it moves its trunk from side to side.
C) one shouldn’t throw stones at it.
D) one should keep perfectly still.
E) it never shows it.
53. The worst thing an elephant does is to _____.
A) attack other savage animals.
B) destroy everything nearby.
C) use its trunk with great force.
D) move dangerously fast.
E) throw things at anyone close to it.
54. It is not very often that _____.
A) anyone can get close to an elephant.
B) an elephant behaves in a savage manner.
C) one can jump out of the way of an elephant.
D) an elephant picks something up with his trunk.
E) an elephant is frightened
Task 4.Writing: Translate the given text into your native language
WHAT IS DOLLARIZATION
Dollarization, replacing the local currency by the dollar, is usually a last resort solution, only put in place when an econ­omy is suffering from extreme inflation or economic meltdown.
Some countries prefer taking a middle road, using a "cur­rency board" to peg the value of the local currency to a more stable currency such as the euro or the U.S. dollar. In the early 1990s, for example, Argentina established a currency board that issued pesos only when an equal amount of U.S. dollars were put on deposit at the Central Bank. In that way, the Argentine government effectively dollarized the economy, even though the official currency was still the peso.
By eliminating exchange rate fluctuations, currency boards can be an effective defense against foreign speculators. By the year 2000, this system had been put into effect in such disparate countries as Hong Kong, Bulgaria, Estonia, and Lithuania. In Estonia, a currency board was used to link the local currency, the kroon, to the German mark and consequently to the euro.
Other countries have also adopted a de facto currency. In Cuba, for example, by the end of the twentieth century, the dol­lar had become a second currency. Many "dollar shops" and restaurants were refusing to accept the Cuban peso at all.Many countries still find it difficult to give up the advan­tages of having a locally controlled currency. Without the ability to increase the money supply or lower interest rates, there is not much a dollarized country or a country with a currency