- •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.
6.11 Role play. Work in pairs. Make up dialogues of your own.
Student A is a businessman. Student B is a lender.
You are starting a grocery store while your personal assets (home, car) do not cover all the expenses.
A young businessman is speaking to his relative about starting a business.
Apply to a venture capital firm for funds which you need to start a high tech business.
6.12 Translate into English
Начальным капиталом для небольших предприятий могут стать личные активы предпринимателя, однако крупным предприятиям этого может не хватить.
В некоторых случаях рискованное предприятие может стать источником начального капитала.
Выкупная стоимость доступна в случае расторжения договора (cancellation of an agreement) страхования жизни.
Заложив чистую стоимость дома, владелец может получить кредит.
Заимодавец участвует во владении корпораций.
Бизнесмен может использовать свой дом для получения кредита под залог жилой недвижимости.
Начальный капитал необходим для открытия собственного дела, создания предприятия.
Под ссудами с погашением в рассрочку следует понимать все практикуемые виды потребительского кредита.
Чистая стоимость личного имущества – это размер личного состояния или состояния семьи.
Некоторые компании специализируются на финансировании рискованных многообещающих предприятий.
6.13 Fill in the blanks with proper words given below:
(a) customers |
(d) depends |
(g) money |
(j) information |
(b) position |
(e) funds |
(h) take |
(k) repay |
(c) to lend |
(f) consists |
(i) other |
|
Commercial bank lending I
The banks’ most important activity is the extension of credit. In order to provide a loan, a bank must have funds (1) … . This comes from paid-in capital, earnings of previous years, borrowed (2) … and the bank’s customers’ deposits. The banker must always remember that the (3) … he lends is not his bank’s own money. It is money deposited by the bank’s (4) …, whether in a demand or time account. This idea limits the risk that a commercial banker will (5) ….
To evaluate the risk, a banker must first obtain certain basic (6) … about the potential borrower. The banker must learn how much money the borrower needs, the purpose and the term of the loan, and how the borrower will (7) … the loan. The banker evaluates the three C’s of credit: character, capacity, and capital - the integrity of the borrower, his ability to repay, and the soundness of his financial (8) … .
The integrity of the borrower is determined by previous loans and by his standing with other banks. Everywhere in the world banks exchange credit information with each (9) ….
The borrower’s ability to repay (10) … on the purpose of the loan.
The financial position of the borrower is determined on the basis of his financial statement. This (11) … of a detailed balance sheet and a profit and loss statement. The bank demands an audited financial statement covering the previous three years.
Words and expressions
extension (n) |
- расширение |
paid-in capital |
- капитал, вложенный владельцами |
demand account |
- текущий счет |
time account |
- срочный вклад |
to limit (v) |
- ограничивать |
to evaluate (v) |
- оценивать |
to obtain (v) |
- приобретать, получать |
potential (adj) |
- потенциальный |
to repay (v) |
- возмещать |
character (n) |
- характер |
capacity (n) |
- объем, мощность |
integrity (n) |
- честность, надежность |
ability (n) |
- способность |
soundness (n) |
- разумность, надежность |
to determine (v) |
- определять |
standing (n) |
- статус |
to depend on (v) |
- зависеть от |
on the basis of |
- на основе чего-либо |
financial statement |
- финансовый отчет |
to consist of (v) |
- состоять из |
balance sheet |
- баланс |
profit and loss statement |
- отчет о прибыли и убытках |
to audit (v) |
- проводить ревизию, проверять отчетность |
to cover (v) |
- покрывать, охватывать |