III. Complete the dialogue using the words you have studied.

Mr Brown: Booking clerk: Mr Brown: Booking clerk: Mr Brown: Porter: Mr Brown: Ticket desk receptionist Mr Brown: Ticket desk receptionist: Mr Brown: Receptionist: Mr Brown:

Flight BEA 783, economy class, single, please. 135 pounds, please. ………………………………… You'll find the ticket desk further on your left. Porter! Is this your luggage, sir? ………………………………… Good evening. Can I help you? ………………………………… May I see your ticket, please? …………………………………… Here is your ticket and your luggage label. Your plane takes off in half an hour. Your flight will be announced soon. …………………………………

IV. Use have to and some of the terms from exercise I to complete the following sentences.

Example: To know if your flight is delayed, you have to look at the departure

board.

1. At departures, you__________ .

2. At check-in, you__________ .

3. When they leave the plane, transfer passengers__________ .

4. At the boarding-gate, you__________ .

5. To collect their baggage, passengers__________ .

V. Here are the phrases and questions which you may be asked when you have to pass through the Customs.

Have you got more than the allowance? You say you bought it at home, may I see the invoice? How long are you staying in this country? Are you here on business or for pleasure?

What excess items do you have? You have to pay duty on the excess. You have to have a Customs declaration for these commercial samples. Would you open this suitcase, please? I’m afraid you’re over the allowance.

VI. Complete the dialogue. Work in pairs.

Customs official: You: Customs official: You: Customs official: You: Customs official: You: Customs official: You:

Which of these bags are yours? ……………………………………. Have you got anything to declare? ……………………………………. Would you please open your bags? ……………………………………. You’re allowed that, and souvenirs are duty-free. Now, let me see your customs declaration, please. ……………………………………. Thank you, sir. Everything’s all right. Welcome to our country! …………………………………….

VII. Now, it’s your turn to go through the Customs. Make the dialogue. Unit 3. Meetings. Negotiations. Deals. Reading

I. Before reading the text find the meaning of the words below in the dictionary. Learn them by heart.

borrower loan to lend profitability to enter new areas of business insurance policy mutual fund to rely on

заемщик заём давать взаймы прибыльность войти в новые сферы бизнеса страховой полис взаимный фонд полагаться

debt market commercial bank to cater for increasingly to transact with to abolish

рынок долговых обязательств коммерческий банк обслуживать все больше и больше вести дело отменять, аннулировать

BANK

Starting out as places that would guard your money, banks became the main source of credit creation. Increasingly, however, borrowers are turning to the financial markets and to non-savings institutions, such as credit-card companies and consumer-finance firms, when they need a loan. This is reducing the profitability of traditional bank lending and has led many banks to enter new areas of business, such as selling insurance policies and mutual funds.

What the most efficient split between bank lending and other sorts of lending is debatable. Economists argue endlessly about whether an economy such as the United States, in which firms rely more heavily on debt markets than on banks to fund their investment, is better than one such as, say, Germany, in which banks have traditionally been the main source of corporate finance.

Banks come in many different forms. Commercial banks, also known as retail banks, cater directly for the general public and lend to mostly small and medium-sized firms. In the past, they did so largely through a network of bank branches, although increasingly these are giving way to ATM machines, the telephone and the Internet. Wholesale banks largely transact with other banks and financial institutions. Investment banks, also known as merchant banks, concentrate on raising money for companies from private. Universal banks do most or all of the above including, through bank assurance, selling insurance. These banks have long been a feature of continental European economies. However, in the United States financial laws such as the Glass-Steagall Act have separated different forms of banking from each other and kept banks out of the insurance business. These laws were abolished in 1999, although during the preceding couple of decades regulators effectively dismantled them by changing the way they were applied. Even so, because of these and other laws, which for many years stopped banks from operating across state borders, the United States has far more lending institutions than other countries. In 2003 there were over four lending institutions per 100,000 people in the United States, compared with less than one per 100,000 in the UK and France.