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3.1. Answer the questions to the text:

  1. What is the reason of the banking appearance? 2. In what condition were the

goldsmiths given money at first? 3. What capital did the goldsmiths have at their disposal? 4. How could one merchant pay to another? 5. What is “chequing” (clearing)?. 6. How did the goldsmiths use the notes? 7. What is the distinction between the goldsmith’s note and the note which was given to a merchant for his coin? 8. What is “fractional reserve banking”? 9. What did the total quantity of the goldsmiths’ notes depend on? 10. What are the first banks?

    1. Retell the text with the help of the questions.

    1. Define the following statements as true (t) or false (f):

  1. The goldsmiths of the 17-century were at the bottom of the banking appearing.

2. Merchants usually rented extra space in goldsmiths’ strong rooms for living. 3. The goldsmiths gave certificates of deposit in exchange of coin to merchants. 4. Deposit taking characterizes by given someone some values for safekeeping. 5. One merchant could give money to another by writing a document to his goldsmith. 6. Chequing means the process of payment for something without using cash. 7. Generally the goldsmiths were rich people. 8. The goldsmiths never lent their own money to merchants. 9. There is no any distinction between notes issued by goldsmiths and those that were given to merchants in exchange of deposit of coin. 10. Governments never supported the goldsmiths.

4. Let’s play the game:

Nowadays banks are extremely popular. Payment in them is good enough too of course. That’s why graduates are keen on working there. What about you? Can you work in a bank? Let’s check it now. Firstly write down the names of the main bank professions and definitions to them:

Accountant (бухгалтер) should be very responsible and well-organized in order not to make accounting mistakes.

Bank teller (банковский кассир) should be able to count money correctly and to draw cheques.

Marketolog (маркетолог) is a specialist who studies tastes of buyers and promotes goods.

Finance Manager (заведующий финансами) is responsible for financial resources of the organization.

Financial director (финансовый директор) is the head of the financial service of the organization, knows everything about money flow in the organization.

Financial analyst (финансовый аналитик) organizes computer networks to make information exchange better.

Auditor (аудитор) checks accounting and tax reporting of the companies

Consultant (консультант) consults clients.

Administrative director (административный директор) is responsible for stability of working of the organization, buys the office equipment, and chooses the administrative personnel.

PR-specialist (специалист по связям с общественностью) creates image of the company, promotes its interests, contact with Mass Media, and organizes press-conferences.

Risk manager (риск-менеджер) is responsible for the risk of the Bank system.

Office manager (руководитель отдела) controls the activity of the department.

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