- •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.
9.11 Role play. Work in pairs. Make up dialogues of your own.
Student A is a businessman. Student B is a financial advisor.
Your company wants to issue common stock. Discuss the prospects of this issue.
You want to convert preferred stock into common stock. Give your reasons for it.
You are afraid of market value fluctuation and want advice from the firm’s consultant on how to act.
9.12 Fill in the blanks with proper words given below:
(a) country |
(c) fluctuates |
(e) declines |
(g) broker |
(b) buyer |
(d) calculations |
(f) commission |
|
Foreign exchange I
Each (1) … has its own currency. Each currency has a par value that is officially defined in terms of gold.
The countries have adopted floating rates. The rates of exchange are determined by market trading based on demand for specific currencies. As demand fluctuates, the rate (2) … too. The rate rises when demand is greater than supply and (3) … when supply exceeds demand.
The participants in the foreign exchange market are the major international banks, brokers, central banks, large corporations and individuals (trading as speculators and investors).
Trade occurs when a (4) … and a seller agree on the price for exchanging two currencies. Participants can trade directly with each other, but it is often more convenient to use a (5) … . The broker brings both sides of the transaction quickly together and arrives at a mutually acceptable rate. The two sides pay the broker his (6) … . The broker is also a source of market information.
Rates fluctuate constantly during a trading day. A foreign exchange trader must make quick decisions based on rapid mathematical (7) … .
Words and expressions
par value |
- номинальная стоимость |
to define (v) |
- определять |
to adopt (v) |
- принимать |
to float (v) |
- плавать |
to fluctuate (v) |
- колебаться |
rate of exchange |
- обменный курс |
to exceed (v) |
- превышать |
to speculate (v) |
- здесь; играть не повышении и падении курса |
to arrive at (v) |
- здесь: достигать |
mutually (a) |
- взаимно |
acceptable (adj) |
- приемлемый |
commission (n) |
- комиссионные |
calculations (n) |
- вычисления |
9.13 Comprehension questions
What is a par value of a currency?
What is the rate of exchange of a currency determined by?
How is the rate of exchange affected by demand and supply?
Who are the participants in the foreign exchange market?
Who helps a buyer and a seller to commit a deed in a foreign exchange transaction?
What is the function of a broker in a foreign exchange market? Does the broker work free of charge?
What are the foreign exchange trader decisions based upon?