4. Fill in the blanks with proper words or phrases:

1. The board appoints the..... and the .....

2. An employee in a bank who pays out and receives money is called a...

3. The Board of Directors is elected by the......

4. The Board may distribute..... to the shareholders out of the profits once or twice a year.

5. The ..... may be high even after all the bank's expenses are paid.

6. A bank will need to seek approval for a large ..... to a customer.

7. The Board will discuss the bank's ..... in other businesses.

5. Find a proper definition:

1. account 2. bad debt 3. bullion 4. current account 5. deposit 6.deposit account 7. interest rate 8. maturity 9. overdraft 10. teller

a) money which is must be but cannot be collected b) an arrangement for keeping money in a bank c) the price paid for borrowing money d) a man in a bank who pays out or receives money (a cashier) e) the date when a bond or other security must be paid f) an excess of cash allowed by a bank to a customer, permitting the withdrawal of more from a current account than is there g) gold or silver but not in the form of coins h) an amount of money left with a bank i) a facility offered by commercial banks which allows customers to use cheques to make payments for purchases j) a facility offered by a bank or other financial institution where the money held on account earns some interest which is added to the sum

8. Read and translate vocabulary notes.

1. A banker is someone who works in banking at a senior level.

Ex.: …. an investment banker.

… a merchant banker.

2. A bank manager is someone who is in charge of a bank, or a particular branch of a bank, and who is involved in making decisions about whether or not to lend money to businesses and individuals.

Ex.: This may have influenced your bank manager's decision not to give you a loan.

3. Bank Guarantee is an assurance, obtained from a bank by a foreign purchaser; that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults.

Ex.: We can also freeze his bank guarantee.

4. A saver is a person who regularly saves money by paying it into a bank account or a building society.

Ex.: Low interest rates are bad news for savers.

9. Substitute the relative clauses with appropriate Participles

Model: the fact that is widely known – the widely known fact

changes that affect the cash flows – changes affecting cash flows

1. a process that measures financial information

2. transactions that represent various exchanges

3. the document that reports our financial position

4. some facts that require close analysis

5. the firm which sells insurance

6. the managers who make strategic decisions

7. the data which are entered in the accounts

8. the clerk who enters the data

9. information that is stated in monetary terms