Найдите в тексте ответы на вопросы, ответьте из текста на английском. 1. What is the main law for the banking system in Russia? 2. What are the functions of the bank? 3. What…
Найдите в тексте ответы на вопросы, ответьте из текста на английском. 1. What is the main law for the banking system in Russia? 2. What are the functions of the bank? 3. What status has the Central Bank of Russia? 4. How many branches has the Central Bank? 5. Who appoints the Chairman of the Central Bank? 6. How many banks are there in Russia? 7. What can you tell us about Sberbank? The main law for the banking system is the Federal Law "On the Central Bank of Russia", which declared the Bank of Russia a legal entity and the main bank in Russia. The law specified the functions of the bank in organizing money cir. culation, monetary regulation, foreign economic activity, and regulation of the activities of joint-stock and co-operative banks. The Central Bank of Russia (CBR) enjoys independent status. The CBR has 79 regional branches and National Banks in Russia. The Chairman of the Central Bank is appointed by the President of the Russian Federation and approved by the Parliament. The Central Bank owns controlling stakes in Sberbank, also used to conduct monetary pol-icy. There are over 1,400 banks in Russia. The state-owned Sberbank has a significant competitive advantage over other banks due to its size and ex-tensive branch network more than one thousand branches throughout the country. As a result, Sberbank dominates the Russian banking sector with a market, share over 50% of private deposits. Other Russian banks joined in with large, vertically-integrated hold-ings, which have been active in acquiring industrial enterprises.
Here are the answers to your questions based on the provided text:
What is the main law for the banking system in Russia?
The main law for the banking system is the Federal Law "On the Central Bank of Russia", which declared the Bank of Russia a legal entity and the main bank in Russia.What are the functions of the bank?
The functions of the bank include organizing money circulation, monetary regulation, foreign economic activity, and regulation of the activities of joint-stock and cooperative banks.What status has the Central Bank of Russia?
The Central Bank of Russia enjoys an independent status.How many branches has the Central Bank?
The Central Bank has 79 regional branches and National Banks in Russia.Who appoints the Chairman of the Central Bank?
The Chairman of the Central Bank is appointed by the President of the Russian Federation and approved by the Parliament.How many banks are there in Russia?
There are over 1,400 banks in Russia.What can you tell us about Sberbank?
Sberbank is a state-owned bank that has a significant competitive advantage over other banks due to its size and extensive branch network, which includes more than one thousand branches throughout the country. As a result, Sberbank dominates the Russian banking sector with a market share of over 50% of private deposits. Other Russian banks are also part of large, vertically-integrated holdings that have been active in acquiring industrial enterprises.
