- •English for the master’s programm
- •In finance Содержание
- •Unit 1 money and its functions
- •Match each of the word on the left with the correct
- •3. Which of the following are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Match the two parts of the sentences:
- •6. Translate the sentences into English:
- •7. Translate the text in writing: Careers in Finance
- •The function of financial markets
- •1. Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •3. Complete the text by inserting the following words in the gaps:
- •4. Translate the sentences into English:
- •Primary and Secondary Markets
- •Unit 3 regulation of the financial system
- •Internationalization of financial markets
- •Answer the questions:
- •Match each of the words on the left with the correct explanation on the right:
- •Speak on:
- •4. Make written translation of the text into Russian:
- •5. Translate the text into English:
- •How bonds and common stocks are valued
- •Match each of the words on the left with the correct explanation on the right:
- •3. Translate the text into English:
- •Voting rights of shareholders
- •Preferred Stock
- •Common stock
- •Answer the questions:
- •Complete sentences by inserting the following words in the gaps:
- •Complete the text by inserting the following words in the gaps:
- •Speak on:
- •5. Make written translation of the text into Russian:
- •6. Translate the text into English:
- •Forward exchange contract
- •Fixed and option contracts
- •Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •3. Complete the text using these words:
- •4. Speak on:
- •5. Make written translation of the text into Russian:
- •6. Translate the text into English:
- •Unit 7 banking
- •Match the words with the definitions:
- •2. Complete the sentences using the words from the box:
- •3. Which of the following sentences are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Match the two parts of the sentences:
- •6. Make written translation of the text into Russian:
- •Islamic Banking
- •Unit 8 commercial and central banks
- •1. Answer the following questions:
- •2. Match the terms with their Russian equivalents:
- •3. Fill in the gaps with the correct variants:
- •4. Complete the sentences by inserting the following words in the
- •5. Make the written translation of the text into Russian: micro credit
- •Insurance companies
- •Life Insurance Companies
- •Property and Casualty Insurance Companies
- •Answer the questions:
- •Match each of the words on the left with the correct explanation on the right:
- •Translate the sentences into English:
- •Unit 10 pension funds
- •Annuities
- •Answer the questions:
- •Complete the text by inserting the following words in the gaps:
- •3. Speak on:
- •4. Translate the text into English:
- •Unit 11
- •Investment Funds
- •Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •4. Make the written translation of the text into Russian:
- •5. Translate the text into English:
- •Unit 12 taxation
- •Match each of the words with the correct explanation on the right:
- •2. Complete the sentences by inserting the words in the gaps:
- •3. Which of the following sentences are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Translate the sentences into English:
- •6. Render the text: концепция платежеспособности
- •Unit 14 classification of taxes
- •1. Answer the following questions:
- •2. Match the terms with their Russian equivalents,
- •3. Fill in the gaps with the correct variants.
- •4. Complete the sentences by inserting the following words in the
- •5. Translate the sentences into Russian:
- •6. Render the text переложение налогового бремени
2. Match the terms with their Russian equivalents:
checkable deposit a. сберегательный вклад
time (or term) deposit b.кредитор последней инстанции
savings deposit c. срочный вклад
monetary policy d. иностранная валюта
lender of last resort e. чековый вклад
supervisory powers f. полномочия по надзору
foreign exchange (FX) g. золотые запасы
gold reserves h. денежно-кредитная политика
3. Fill in the gaps with the correct variants:
1. The term "commercial" was used to distinguish it from ...
a. a central bank;
b. an investment bank;
c. Bank of Issue
2. Commercial bank's liabilities are ... and assets are ...
a. deposits; loans and bonds;
b. loans; deposits and bonds;
c. subsidized loans; gold reserves
3. A central bank controls ...
a. deposits and loans of corporations;
b. corporate and government bonds;
c. the monetary policy of the country
4. A central bank is also ...
a. Lender of Last Resort;
b. an independent central bank;
c. a trading bank
5. A central bank may have supervisory powers ... that banks and other financial institutions do not behave recklessly or fraudulently.
a. to provide;
b. to forbade;
c. to ensure
4. Complete the sentences by inserting the following words in the
gaps:
Discount, invoice, beneficiaries in advance, bank draft, draw down credit, worthiness |
1. One of many factors defining a lender's credit policies is ...
2. A ... of 5 percent is offered for payment of this account before the
end of the month.
3. People of high incomes will be the main ... of these changes in the
tax laws.
4. Can the firm make out the ... separately for these items?
5. According to the ... our company is to pay $30,000 by April.
6. Use of ... centralizes transaction decisions and cash flow to a single
bank.
7. Is cash ... necessary in this case?
5. Make the written translation of the text into Russian: micro credit
Micro credit is the extension of very small loans (micro loans. to the unemployed, to poor entrepreneurs, and to others living in poverty who are not bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimum qualifications to gain access to traditional credit. Micro credit is a part of microfinance, which is the provision of financial services to the very poor; apart from loans, it includes savings, micro insurance, and other financial innovations.
Micro credit is a financial innovation which originated in developing countries where it has successfully enabled extremely impoverished people (mostly women. to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty. Due to the success of micro credit, many in the traditional banking industry have begun to realize that these micro credit borrowers should more correctly be categorized as pre-bankable; thus, micro credit is increasingly gaining credibility in the mainstream finance industry and many traditional large finance organizations are contemplating micro credit projects as a source of future growth. Although almost everyone in larger development organizations discounted the likelihood of success of micro credit when it was begun in its modern incarnation as pilot projects with ACCION and Muhammad Yunus in the mid-1970s, the United Nations declared 2005 the International Year of Micro credit.
Women have become the center focus of many micro credit institutions and agencies worldwide. The reasoning behind this is the observation that loans to women tend to more often benefit the whole family than loans to men do. It has also been observed that giving women the control and the responsibility of small loans raises their socio-economic status, which is seen as a positive change to many of the current relationships of gender and class. However, there is an ongoing debate about whether micro credit loans have the power to truly change established political and economic relationships.
UNIT 9