The financial and credit system of Uzbekistan
Answers are for parents and teachers.
1
Give your own example of financing and of crediting.
Financing: a budget allocation to a state library; crediting: an entrepreneur’s bank loan.
2
Write in 2 sentences which relations financial law regulates.
Relations of collecting, distributing and spending state money; links in the budget, tax and credit fields.
3
How does state finance appear in your family’s life? Write three examples.
State school and clinic costs, pensions and allowances, road construction.
4
Explain the principle of “targeted use” with one invented example.
Money allocated for repairing a school must not be spent decorating a stadium; it is used only for the set purpose.
5
Write two differences between the Central Bank and a commercial bank.
The Central Bank runs monetary policy and regulates banks; a commercial bank offers deposits and loans to people and firms.