- •III. Draw up a plan of the text
- •Vocabulary Exercises
- •Translate the following sentences paying attention to the italicized words:
- •Vocabulary Exercises
- •7/7. Match British and American financial British
- •V. Complete the text using these words:
- •VI. Fill in the blanks with prepositions:
- •Vil Give the summary of the following text in English:
- •III. Write a report/make a presentation on the topics:
- •I. Answer the questions using the information from the text.
- •Vocabulary Exercises
- •I. Find the English equivalents for the following words and word-combinations in the text and make up sentences of your own with them:
- •III. Translate into English:
- •The national bank of ukraine
- •I. Answer the questions using the information from the text.
- •Vocabulary Exercises
- •IV. Change the noun form into the verb and adjective forms. You may need to use a dictionary.
- •V. Translate into English:
- •VI. Translate the following text into English:
- •II. Speak about:
- •III. Write a report/make a presentation on the topics:
- •Banking system of the united kingdom
- •Vocabulary Exercises
- •II. Find words and phrases in the text that mean:
- •III. Fill in the blanks with the most appropriate words from the list:
- •II. What do you know about the Bank of England? Which of the following statements are true/false? Find the part of the text that gives the correct information.
- •Vocabulary Exercises
- •III. Match these words as they occur in the text. Translate the phrases:
- •IV. Change the noun form into the verb and adjective forms. You may need to use a dictionary:
- •V. Suggest an appropriate synonym for each of the following words:
- •VI. Suggest an appropriate antonym for each of the following words:
- •IX. Fill in the blanks with prepositions:
- •X. Translate into English:
- •XI. Translate the following text into English:
- •7. Find the English equivalents for the following words and word-combinations in the text:
- •III. Give the summary of the text.
- •7. Discussion:
- •Vocabulary Exercises
- •IV. Fill in the blanks with the most appropriate words from the list:
- •VI. Complete the text using these words:
- •VII. Translate into English:
- •VIII. Translate the following text into English:
- •IX. Translate the following text into English:
- •I. Answer the questions using the information from the text.
- •II. Draw up a plan of the text.
- •Vocabulary Exercises
- •III. Change the noun form into the verb and adjective forms. You may need to use a dictionary:
- •V. Fill in the blanks so as to accurately portray the structure of the Federal Reserve System:
- •VI. Fill in the blanks with prepositions:
- •VII. Translate into English:
- •I. Discussion:
- •II. Speak about:
- •Banking services
- •Make up questions covering the content of the text and let your fellow students answer them.
- •Draw up a plan of the text.
- •Vocabulary Exercises
- •IV. Suggest an appropriate synonym for each of the following words:
- •V. Match the phrases with their explanations:
- •VIII. Complete the sentences below with the best answer:
- •X. Banks offer many different channels to access their banking and other services. Match the channels with their explanations.
- •Xl Complete the text using the words from the box given below:
- •XII. Fill in the blanks with prepositions: Benefits for the Economy
- •XIII. Translate into English:
- •II. Speak about:
- •III. Write a report/make a presentation on the topics:
X. Banks offer many different channels to access their banking and other services. Match the channels with their explanations.
branch |
a. is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection. |
ATM |
b. is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website. |
c. is a method of using one's mobile phone to conduct simple banking transactions by remotely linking into a banking network. |
|
video banking |
d. g. is a retail location where a bank or financial institution offers a wide array of face-to-face service to its customers. |
online banking |
e. is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties. Banks also normally use mail to deliver periodic account statements to customers. |
mobile banking |
f. is a computerised telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the need for a human clerk or bank teller. ATMs enable card holders from other banks to get their account balance and withdraw cash, even |
if the card is issued by a foreign bank.
Xl Complete the text using the words from the box given below:
accounts
current account
lend
overdraft
return
bank loan
cheque
customers'
standing orders depositors deposits
liabilities
liquidity optimize
salary spread
withdraw transfer
wages
debt
Commercial banks are businesses that trade in money. They receive and hold (1).., pay money according to (2)... instructions, (3)... money, etc.
There are still many people in Britain who do not have bank (4) ... Traditionally, factory workers were paid (5) ... in cash on Fridays. Non-manual workers, however, usually receive a monthly (6)... in the form of a cheque or a (7) ... paid directly into their bank account.
A (8)... (US: checking account) usually pays little or no interest, but allows the holder to (9) ... his or her cash with no restrictions. Deposit accounts (in the US also called time or notice accounts) pay interest. They do not usually provide (10) ... (US: check) facilities and notice is often required to withdraw money. (11) ... and direct debits are ways of paying regular bills at regular intervals.
Banks offer both loans and overdrafts. A (12) ... is a fixed sum of money, lent for a fixed period, on which interest is paid; banks usually require some form of security or guarantee before lending. An (13) ... is an arrangement by which a customer can overdraw an account, i.e. run up a debt to an agreed limit; interest on the (14)... is calculated daily.
Banks make a profit from the (15) ... or differential between the interest rates they pay on deposits and those they charge on loans. They are also able to lend more money than they receive in deposits because (16) ... rarely withdraw all their money at the same time. In order to (17)... the return on their assets (loans), bankers have to find a balance between yield and risk, and (18) ... and different maturities, and to match these with their (19) ... (deposits). The maturity of a loan is how long it will last; the yield of a loan is its annual (20)... — how much money it pays — expressed as a percentage.