Вопрос № 607745 - Английский язык

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In March 1994, there were 255 branches of 1__________ banks in Britain which, together with 2__________ dealing in foreign securities, employ over 60,000 British people. The majority are based in London, including Moscow Narodny Bank, Bank of China and 38 Japanese banks. Citibank of the US is the largest of the 42 3_________ from the US based in Britain and has extended its activities into the 4__________ banking market and joined the clearing system.

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Merchant Banks are so 1__________ because they originate from large merchants engaging in banking activity. Their traditionally important 2__________ were helping 3_________ governments to raise loans and accepting Bills of Exchange but they are 4__________ involved in a range of activities including corporate finance, foreign exchange dealings and securities trading.

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The investing institutions collect savings drawn from the personal sector and 1__________ them in the securities and 2__________  assets. The main investment institutions are insurance 3____________ (providing general and life policies) together with insurance broking firms, personal funds, unit trusts and investment trusts. Together, they represent a 4___________  pool of funds for investment.

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Management of a corporation 1_________ of the board of directors who decide corporate policy, and the officers who carry on the 2__________ operations. The board is elected by the stockholders, and the officers are appointed by the board. Some specific duties of the board of 3__________ are to declare dividends, authorize contracts, decide on executive salaries, and arrange major loans 4___________.

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The corporation form of 1__________ has 2_________ disadvantages. It is subject to greater government regulation and double taxation. 3_________, separation of ownership and control may allow management to 4__________ harmful decisions.

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The Switzerland-based Nestle corporation, once a Swiss chocolate maker, now is the world's biggest food company and the largest 1__________ of coffee, powdered milk, and frozen dinners. The  2__________  also became number 1 in candy after passing Mars. And with the purchase of Perrier for $2.7 billion, Nestle became the world's largest producer of mineral 3__________with a 20 per cent share of the world market. Nestle 4_________ its success through intensive global expansion. Nestle does only 2 per cent of its business in Switzerland: the remaining 98 per cent is in other countries.