3.2Matchthenumbers.Findtheminthetext.Whatdotheyreferto?

1.25	a.threehundredandfifty
2.1991	b.nineteeneighty-eight
3.350	c.fivepointfive
4.5.5	d.twenty-five
5.15	e.fifteen
6.1988	f.nineteenninety-one

4(7)Listening.

4.1Lookattheheadlinesfromfinancialpress.Listentothefinancialnewsstoriesandmatchthemwiththeheadlines.

Mindsomenewwords.

entrepreneur предприниматель

StockExchange	фондоваябиржа
furniture	мебель
toannounce	объявлять
insurancecompany	страховаякомпания
headquarters	головнойофискомпании(зд.)
to take over a company	поглотитькомпанию,купитьконтрольный пакетакций
baserate	базоваяставка

_a.

b.

Italianinvestortakes30%stakeinhotelgroup

c.

GermangiantbuysFrenchinsurancecompany

d.

Staffreceiveday’sincome

4.2Listenagainandanswerthefollowingquestions.

1.HowmuchdidMr.Vieripayforhisstake?

2.Whatwasthesharepriceattheendoftheday?

3.Whatnationalityisthefurniturecompany?

4.Whywasthemoneygiventothestaff?

5.Howmuchwasthebaserateincreasedby?

6.Whatwastheeffectonshareprices?

7.IsAGFbuyingAllianz,orisAllianzbuyingAGF?

8.Wherewilltheheadquartersofthenewcompanybe?

5.Makeyourownsentencesfindingwaysofcompletingthegivenones.

1.Mycompanyspendstoomuchon………………………………...

2.Mycompanydoesn’tspendenoughon…………………………..

3.Iowemoneyto……………………………………………………

4.Iampaid………………………………………………….............

5.It’sbesttoborrowfrom…………………………………………..

6.Ispendaloton……………………………………………………

7.Mybesteverinvestmentwas…………………………………….

8.Moneyis………………………………………………………….

9.Ican’tafford………………………………………………………

10.Anewcarcosts………………………………………………….

6.Agoodwaytoremembervocabularyisbycollocations,wordswhichoftenappeartogether.Findwords,whichcangowiththesekeywords,asintheexamples.

money

spend

_pay

_rent

7.Reading.Readthetextandexplainthewordsinbold.

ABankRun

Abankrun(alsoknownasarunonthebank)occurswhenalargenumberofbankcustomerswithdrawtheirdepositsbecausetheybelievethebankis,ormightbecome,insolvent.

Abankruncanoccurevenwhenstartedbyafalsestory.Evendepositorswhoknowthestoryisfalsewillhaveanincentiveto

withdraw,iftheysuspectotherdepositorswillbelievethestory.

Abankingpanicorbankpanicisafinancialcrisisthatoccurswhenmanybankssufferrunsatthesametime.Asystemicbankingcrisisis

onewherealloralmostallofthebankingcapitalinacountryiswipedout.Theresultingchainofbankruptciescancausealongeconomic

recession.

Severaltechniquescanhelptopreventbankruns,thoughtheydonotalwayswork.

1.Abankcantemporarilysuspendwithdrawalstostoparun.Thisiscalledsuspensionofconvertibility.

2.Bankregulationcanimposeareserveratiorequirement,whichlimitstheproportionofdepositswhichabankcanlendout.Thismakes

itlesslikelyforabankruntostart,asmorereserveswillbeavailabletosatisfythedemandsofdepositors.