- •Рецензенты:
- •Ю.А. Башкатова;
- •А.В. Колегаева
- •Предисловие
- •Lesson 1
- •1.2 Read and translate the text Financial institutions
- •1.3 Answer the questions to the text:
- •1.11 Read the dialogue
- •1.12 Role play. Work in pairs. Make up dialogues of your own.
- •1.13 Translate into English
- •1.14 Fill in the blanks with proper words given below:
- •Correspondent banking relationship
- •1.15 Comprehension questions
- •Lesson 2
- •2.1 Study the following words and phrases:
- •2.2 Read and translate the text Federal Reserve System
- •2.3 Answer the questions to the text:
- •2.8 Choose the correct answer
- •2.9 Choose one phrase that expresses the main idea of the text
- •2.10 Substitution Drill
- •2.11 Read the dialogue
- •2.12 Role play. Work in pairs. Make up dialogues of your own.
- •2.13 Describe the procedures of the Fed and their effect on the economy.
- •2.14 Translate into English
- •Lesson 3
- •3.1 Study the following words and phrases:
- •3.2 Read and translate the text Developments in banking
- •3.3 Answer the questions to the text:
- •3.8 Choose the correct answer
- •3.9 Choose one phrase that expresses the main idea of the text
- •3.10 Substitution drill
- •3.11 Read the dialogue
- •3.12 Role play. Work in pairs. Make up dialogues of your own.
- •3.13 Translate into English
- •3.14 Fill in the blanks with proper words given below:
- •Transferring funds abroad
- •3.15 Comprehension questions
- •Lesson 4
- •Study the following words and phrases:
- •4.2 Read and translate the text Financial management
- •4.3 Answer the questions to the text:
- •4.8 Choose the correct answer
- •4.9 Choose one phrase that expresses the main idea of the text:
- •4.10 Substitution drill
- •4.11 Read the dialogue
- •4.12 Role play. Work in pairs. Make up dialogues of your own.
- •4.13 Fill in the blanks with proper words given below:
- •International movement of currency
- •4.14 Comprehension questions
- •Lesson 5
- •5.1 Study the following words and phrases:
- •5.2 Read and translate the text How funds flow through a business
- •5.3 Answer the questions to the text:
- •5.8 Choose the correct answer
- •5.9 Substitution drill
- •5.10 Read the dialogue
- •5.11 Role play. Work in pairs. Make up dialogues of your own.
- •5.12 Translate into English
- •5.13 Fill in the blanks with proper words given below:
- •Letters of credit
- •5.14 Comprehension questions
- •Lesson 6
- •Study the following words and phrases:
- •6.2 Read and translate the text Starting - up financing
- •6.3 Answer the questions to the text:
- •6.8 Choose one phrase that expresses the main idea of the text
- •6.9 Substitution drill
- •6.10 Read the dialogue
- •6.11 Role play. Work in pairs. Make up dialogues of your own.
- •6.12 Translate into English
- •6.13 Fill in the blanks with proper words given below:
- •Commercial bank lending I
- •6.14 Comprehension questions
- •Lesson 7
- •7.1 Study the following words and phrases:
- •7.2 Read and translate the text Sources of funds I
- •7.3 Answer the questions to the text:
- •7.8 Choose the correct answer
- •7.9 Choose one phrase that expresses the main idea of the text
- •7.10 Substitution drill
- •7.11 Read the dialogue
- •7.12 Role play. Work in pairs. Make up dialogues of your own.
- •7.13 Translate into English
- •7.14 Fill in the blanks with proper words given below:
- •Commercial bank lending II
- •7. 15 Comprehensive questions
- •Lesson 8
- •8.1 Study the following words and phrases:
- •8.2 Read and translate the text Sources of funds II
- •8.3 Answer the questions to the text:
- •8.4 Find the English equivalents to the following phrases in the text:
- •8.5 Make up ten English sentences using words from the active vocabulary of the lesson
- •8.6 Which passage of the text contains information on:
- •8.7 Are these statements true, false, or not mentioned in the text?
- •8.8 Choose the correct answer
- •8.9 Choose one phrase that expresses the main idea of the text
- •8.10 Substitution drill
- •8.11 Read the dialogue
- •8.12 Role play. Work in pairs. Make up dialogues of your own.
- •8.13 Translate into English
- •Lesson 9
- •9.1 Study the following words and phrases:
- •9.2 Read and translate the text Long term financing (common stock, preferred stock)
- •9.3 Answer the questions to the text:
- •9.4 Find the English equivalents to the following phrases in the text:
- •9.10 Read the dialogue
- •9.11 Role play. Work in pairs. Make up dialogues of your own.
- •9.12 Fill in the blanks with proper words given below:
- •Foreign exchange I
- •9.13 Comprehension questions
- •Lesson 10
- •10.1 Study the following words and phrases:
- •10.2 Read and translate the text
- •Investors
- •10.3 Answer the questions to the text:
- •10.10 Read the dialogue
- •10.11 Role play. Work in pairs. Make up dialogues of your own.
- •10.12 Translate into English
- •Bibliography
- •Dictionaries
- •Содержание
- •Демиденко Ксения Анатольевна
- •650992, Г. Кемерово, пр. Кузнецкий, 39. Тел 75-74-16.
5.8 Choose the correct answer
What is a disadvantage of a loan?
The company must pay employee wages, insurance premium and utility bills.
The company doesn’t own the property until it pays off the mortgage.
The company doesn’t use leverage.
The company must buy securities from one of the exchanges and let them earn income.
5.9 Substitution drill
Statement: If a manufacturer is sure that cash will be available exactly when expenses have to be paid, no cash reserve will be necessary.
Example: businessman
If a businessman is sure that cash will be available exactly when expenses have to be paid, no cash reserve will be necessary.
1. certain |
4. needed |
7. at the time |
2. on hand |
5. salaries |
8. idle money |
3. money |
6. need to be paid |
9. available supplies |
5.10 Read the dialogue
Jack Morton is consulting his financial adviser
Jack: As a matter of fact, I’m thinking of starting an automobile agency. Could you tell me how I should finance this business?
Adv: Sure, Jack. If you’ve got some money of your own, you can operate on a cash basis: no credit given, no money borrowed. But a firm of this kind is usually a short lived one.
Jack: Shall I get credit from the bank then?
Adv: Not necessarily. You may just as well go to any insurance company and they will be only glad to help you, or at least they will try to show it.
Jack: Suppose I get their money to construct a building. But I’ll need a lot more money to pay for the tools and equipment.
Adv: Oh, that’s not a problem either. The car manufacturers will pay for it on a credit basis. And of course, you will get a loan from the bank to pay other expenses.
Jack: But that will mean a lot of money! How shall I pay it back?
Adv: Don’t worry! The more money you invest the more rapid progress you will make. You will certainly have idle money very soon. But do not let it stay idle. Invest and get profit out of it.
Jack: O.K. Thanks for the advice. I’ll call in later for more details, if you don’t mind.
Adv: Of course I don’t. I’ll be glad to see you any time of the day.
Words and expressions
as a matter of fact |
- фактически |
sure |
- здесь: конечно |
of your own |
- ваши собственные |
short lived |
- недолго живущий |
not necessarily |
- не обязательно |
just as well |
- также |
at least |
- по крайней мере |
to call in |
- заходить, забегать |
to mind |
- возражать |
5.11 Role play. Work in pairs. Make up dialogues of your own.
Student A is a businessman. Student B is a financial manager.
Discuss the problem of idle money.
Your company has excess funds. Discuss the ways to invest them.
You have got to pay for a lot of things: wages, utility, materials, tools and so on, but your company operates on а cash basis. Find the way to solve this problem