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.
This was the first time Mary was going to fly. It wasn’t going to be a long flight; in fact, she would be in the air just under an hour. She got to the airport an hour before the plane was expected to take off. She was very excited and also a little nervous. But before long, it was announced that her flight was going to be delayed for two hours. Suddenly she felt very disappointed and didn’t know what to do while she was waiting.
58. Mary’s flight _____.
A) left an hour early.
B) was delayed for two hours.
C) suddenly had to be cancelled.
D) was enjoyable from the beginning to the end.
E) was over far too quickly.
59. On arrival at the airport, Mary _____.
A) was calm and confident.
B) expected the plane to take off in an hour.
C) had to hurry to catch the plane.
D) found out that her plane would take off in less than an hour.
E) didn’t know how long the flight would take.
60. It was obvious from the passage that Mary _____.
A) was pleased the flight had been postponed.
B) was used to traveling by air.
C) nearly missed her plane.
D) was afraid her flight would last for hours.
E) began her first flight with a disappointment.
Task 4.Writing: Translate the text into your native language.
WHAT IS THE EURO?

The world’s newest currency, the euro (€), was established on January 1, 1999, when eleven countries-Germany, France, Italy, Spain, Portugal, Ireland, Austria, Finland, Belgium, Luxembourg, and the Netherlands—decided to permanently abandon their national currencies and form the so-called "euro area." Even though actual euro coins and notes were only allowed to circulate after January 1, 2002, the member currencies were joined together by common consent: from that day on, none of the currencies would ever again be allowed to fluctuate against the others.The euro had already become a virtual currency in the sense that people could open checking accounts in euros, buy euro-denominated stocks and bonds, and pay credit card bills with euros—rather than the usual French francs, German marks, or Italian lire.

The European Central Bank (ECB), was established in Frankfurt, with full responsibility for deciding exchange rate and monetary policy in the eleven countries that made up the euro area. The ECB's go- verning council is made up of the central bank presidents of each member country, as well as the six members of the ECB executive board.
One of the ECB’s first tasks was to deal with each member country’s divergent economic priorities. Just as it is hard for the Federal Reserve to balance the needs of each region of the United States, ECB found it difficult to treat all the various countries of the European Union as a single economic zone. It was decided, therefore, to try to make the economies of the euro area converge as much as possible, especially in the areas of inflation, growth and unemployment.
For example, Greece was the first European country to be refused entry into the euro area, mainly because it was unable to meet the stringent inflation and debt criteria. These criteria consist of keeping inflation below three percent and limiting government budget deficits and debt as a percentage of GDP to minimum levels.
Most euro area member countries expected their new currency to quickly replace the dollar as the prime international reserve currency, pointing out that the size of the European Union’s economy was already larger than that of the United State as or Japan. However for the first few years of its existence, the euro declined sharply in value against both the dollar and the yen as the world waited to see if the euro area countries could actually work together closely enough to ensure the stable monetary and economic policies essential to the currency’s long-term strength.

Task 5. Make a 13-15 slides presentation on the topic: What is Euro