- •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.
2.13 Describe the procedures of the Fed and their effect on the economy.
Model: When the Fed decreases the reserve requirement, the money supply goes up (increases), the interest rate falls down (decreases) and economic activity goes up (increases).
Tool |
Fed Action |
Effect on the Money Supply |
Interest Rates |
Economic Activity |
Reserve Requirement |
Decrease the requirement Increase the requirement |
↑ ↓ |
↓ ↑ |
↑ ↓ |
Open-market |
Buy government securities |
↑ |
↓ |
↑ |
operations |
Sell government securities |
↓ |
↑ |
↓ |
Discount rate |
Lower the rate |
↑ |
↓ |
↑ |
|
Raise the rate |
↓ |
↑ |
↓ |
↑ - increase
↓ - decrease
2.14 Translate into English
Федеральная резервная система является центральной банковской системой в Соединенных Штатах Америки.
Федеральная резервная система контролирует разнообразные финансовые учреждения и является “банком банкиров”.
Все национальные банки являются членами Федеральной резервной системы и владеют ею совместно с правительством.
Традиционно, учетная ставка, назначаемая Федеральной резервной системой банкам-участникам, имеющим финансовые проблемы, является низкой.
Федеральная резервная система предоставляет финансовую поддержку и консультирует своих членов.
Федеральная резервная система влияет на процентную ставку по федеральным фондам (federal funds rate), по которой банки берут резервы взаймы друг у друга.
Денежная инфляция означает увеличение денежной массы.
Денежная масса – это совокупность денег в обращении.
Клиенту поступают предложения кредитных программ от банков-участников, которые он может обсудить с банком индивидуально.
Механизм использования резервных требований достаточно дифференцирован по странам как в количественном, так и в качественном отношении.
Lesson 3
Active vocabulary
3.1 Study the following words and phrases:
innovation (n) |
- нововведение |
to accept (v) |
- принимать, привлекать |
to compete (v) |
- состязаться, соревноваться |
competition (n) |
- состязание, конкуренция |
in the face of |
- перед лицом |
deregulation (n) |
- ослабление ограничений, дерегуляция |
to install (v) |
- устанавливать (техническое устройство) |
teller (n) |
- кассир |
automatic teller machine |
- банкомат |
key (n) |
- ключ |
debit (n) |
- дебет |
debit card |
- банковская карта |
retailer (n) |
- розничный торговец |
point (n) |
- точка |
sale (n) |
- продажа |
to allow (v) |
- позволять |
merchant (n) |
- купец, продавец |
network (n) |
- сеть |
to stimulate (v) |
- стимулировать |
to diversify (v) |
- здесь: разнообразить (услуги) |
diversification (n) |
- здесь: разнообразие (услуг) |
all over |
- по всей (территории) |
to handle (v) |
- проводить, вести, иметь дело (с) |
transaction (n) |
- дело, сделка |
to result from (v) |
- проистекать, происходить (из) |
to urge (v) |
- вынуждать, поощрять (к действию) |
to assign (v) |
- назначать, определять, ассигновать |