Прочитайте текст и ответьте на вопрос: Why do money market funds use the resources of their investor...: ответ на тест 1046618 - Английский язык

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Why do money market funds use the resources of their investors?
Money market funds use the resources of their investors to buy money-market certificates. Money-market funds generally pay a higher rate of return than savings and NOW accounts. Unlike other accounts at savings institutions, money-market fund accounts are not insured nor do they provide check-writing privileges.

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What do banks and other businesses buy and sell in the “money market”?
Money-market accounts allow you to write a limited number of checks while participating in the “money market” where banks and other businesses buy and sell short-term credit instruments, notes and other kinds of IOU’s that come due in a year or less. The rate of return for money market accounts is usually higher than for passbook savings accounts.

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Meetings are an important means of communication within organizations. They give the opportunity for exchange of ideas and collective efforts to solve problems and formulate policies. They also provide a convenient means of issuing instructions or information to many people at one time.
The principal officers of a meeting are the chairman, secretary and treasurer:
– The chairman is responsible for the correct conduct of the meeting.
– The secretary sends out notices of the meeting and a copy of the agenda, ensures meeting decisions are carried out.
– The treasurer is responsible for finance matters. Sometimes the job of secretary and treasurer are combined.

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Although a certain percentage of graduates will still be unemployed six months after leaving university, the majority will have found employment by then. Many of these will even have been offered a job while at university, as a result of visiting a job fair.
Job fairs are held at many universities each year. Companies come along to advertise jobs, which are usually in management, and the career structures and benefit packages that go with them. Job fairs are an effective way for undergraduates to find out what kind of job they might be interested in.
If you go to a job fair, dress professionally. Don’t wear jeans and a T-shirt. Wear a suit! You don’t want to look irresponsible when you have your first meeting with your potential employer. If you’re interested in a job on offer, you may have to fill out an application form, so it’s helpful to take along relevant information with you. You’ll also need proof of all your qualifications, so don’t forget to take photocopies of all your certificates with you.

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1_______. The major forms of money in those days, gold and silver coins, were inconvenient to carry and liable to be stolen. 2_______. In this way, the goldsmith became a kind of medieval banker. 3_______. In time, the goldsmiths’ receipts became very popular with merchants and travelers who had to move large sums of money. 4_______.

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1_______. That is they represented a specific amount of gold in storage. In time, however, the goldsmiths noticed that on most days the gold that people withdrew was less than the amount they deposited. 2_______. In many instances, the borrowers, too, were content simply to take paper receipts rather than the actual metal. This was the beginning of what we now call fractional reserve banking. 3_______. Since goldsmiths’ receipts were a form of paper money, goldsmiths’ loans had the effect of increasing the money supply. Much the same is true today when banks make loans. 4_______. After setting aside a fraction of these deposits in the form of reserves, they create money by lending the remainder but instead of goldsmith receipts, modern banks expand the money supply through the use of checking accounts.